Here I made an elliot wave count, this is a complete wave assuming the 5th wave is short like in 2013/2014.
I will look into making an alternate count that shows one more 5th wave to go before a major correction like 2014/2018... Or unlike we've seen in bitcoin history? 60k-1k???
Well no need to get too excited, time will tell which way we're going and it's too...
Why do I think so?
According to one version, the growth ended at 68944.62 with the
fifth wave according to Elliott's theory, from the entire movement of Bitcoin since 2010!
The price is lowered to the level of 15495.37, which may be the first wave
Adjusted by 31799.86 (second wave)
And it can give a third wave to the new Global zone 7577.63-3629.76
By making the...
The point of this chart is not to look at future peaks, although we will touch upon it. The point is to take a dive into the indicator called the BTC log regression {Rainbow Dark} that is based on the Fibonacci sequence and the possible transition to the lower band from the top band.
Bitcoins entire history has been on the upper band of this log and in...
A quick look at how Bitcoin could drop as low as 25-26k or even 22-23 and remain bullish.
Bitcoin first broke above an inverted HS, which ultimately led to a parallel channel breakout on the weekly chart.
We haven't yet re-tested the top of that channel.
A re-test doesn't always occur, but if it does a re-test at 25-26k is easily still bullish and remains...
Hello all!
It has been awhile since i posted, for good reason! It has been a very boring time within the market (as expected).
We are currently in this transition phase between bear to bull market, its the time where everyone walks away filled with fear (bottom of cycle)
Save this chart... You'll never look at a "BTC" rainbow chart again. This either...
Within the four panels above are comparisons of major US market and the international Bitcoin indices with the US Dollar Index, $TVC:DXY. From top left to right:
TVC:DJI
SP:SPX
NASDAQ:NDX
BNC:BLX
As we can plainly see, each one acts a a near mirror image going back to 2017.
When looking at correlation via an indicator, like...
The 2023 bear trap
AS we can see on January 20th Bitcoin broke the down trend it has been in for over one year now. Recently the resistance was tested and was made in to support as Bitcoin took a strong bounce off of it. WE can clearly see this in the chart with the highlighted oval.
Above that we have the bear trap zone and the fomo zone A break and hold...
Bitcoin is now out of a bear market and is in it's initial phase of the bull market. That's not what the news is saying. The news says the worst is yet to come, I don't agree. Let's have a look.
First, the green and red zone is Gaussian Channel. It turns red in bear markets and green in bull markets. Once it turns green it stays green for the entire bull...
This is a monthly chart of the BLX and I think it might be possible we will be this type of bear market, Long and grueling for most but the opportunity of a lifetime for others. I'm fairly certain our bottom has been hit and we'll go sideways for most of this year.
Lets see what happens.
None of this is financial advice.
When wave 2 is about time wave 4 is about depth and vice versa, this is likely to happen
Wave 2 corrected 38 percent of wave 1 and 50 percent of wave 3 is 370$, it is not my fault that this number is on the 0.5 level
I got no road map and i just wait for development of waves, there is a long way to go ...
I will be cautious about my indications when the price is...
Hi fellow cryptopians and crypto enthusiasts. I am going to make a fairly bold claim here today.
First off we have a bitcoin hash ribbon buy signal quickly approaching us (within two weeks) which could pump us to 50k. If this does happen it should be followed by a correction that gets boring for 4 to 5 months and should spark the new bull run by march 2023 the...
DXY has begun seeing some losses on news of lower than expected inflation and the Fed's decision to skip an interest rate hike as a result of that news. Should it continue down, BTC will begin to move back up until otherwise.
This chart is to show anyone still on the fence about buying bitcoin, weather the bottom is in and if bitcoin is about to enter a bull market.
Lets take a look at this 2 week chart of bitcoin with three indicators.
1 CM ULTIMATE MA
2 PI CYCLE BOTTOM (only the short MA to keep it clean)
3 TRADERS DYNAMIC INDICATOR (TDI)
All three of these indicators are...
This is the dip! If you wait, you might fomo at 50k. Fomo is a hell of a thing.
Hash ribbons already printed a buy weeks back.
NVT Is now preparing for the meal to come. The feast on FIAT will be glorious especially while the bears sit and watch. Not the Chicago Bears but the bear market blues drummers. They're going to starve this winter as the summer was not...
Each time Bitcoin has entered an uptrend, it eventually reaches a new ATH and then loses the uptrend about a year or so later, and the begins a new and weaker uptrend.
Its first uptrend was lost about 2-3 months following its ATH, and the 2nd and 3rd ATH failed to re-test the bottom of that trend.
When the 2nd uptrend was lost, the next ATH perfectly re-tested...
The occurrence of a Bitcoin halving event refers to a significant reduction, usually every four years, in the reward granted to Bitcoin miners. Historical data and the Bitcoin price chart reveal distinct patterns of how the halving event impacts the value of Bitcoin, leading to the formation of what is known as the Bitcoin halving cycle.
The Bitcoin Halving Cycle...
