I do believe that the trend line we are currently on, eventually will break, but when? We are currently testing it with this drop in June of 2022. In my opinion if we break this trend line in the near future (RED) then we will obviously drop much lower possibly even breaking 10k. If not, I see either a retracement (BLUE) then dump and go lower. Or, hit new highs...
So here we have The CM ultimate Moving average MFA on the 2 week time frame with the PI Cycle Bottom. On the bottom we have the Stochastic RSI. Combining these three indicators is showing a very powerful case for the bottom being in and that we will in the next few weeks flip bullish. The interactions of these indicators go back all the way to 2011. The PI cycle...
Currently, we find ourselves at the peak of Wave D, and these levels are likely unsustainable for much longer before the anticipated reversal takes full effect. I anticipate a substantial downward movement from the current levels to around the $10,000 area. Following this bottoming out, I expect a minimum 700% upward movement to reach all-time highs before...
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...
I have recently published an idea that we could be in wave B of a ABC correction, where the C wave would have a very violent downtrend, anywhere from 11k to 3k for BTC final wave. But looking closer at the charts and going back to the books, it has come to my attention that, a B wave on a ABC pattern, can too go above the wave A initial, or top of wave 5! To...
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...
In my previous video, I initiated the initial stages of planning for some upcoming trades using AriasWave, which allows me to anticipate market movements at specific junctures. Now that we've analyzed the intricacies of this extensive zig-zag pattern, I'm able to present a variety of trade ideas for the upcoming moves. Rather than overwhelming you with ideas that...
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...
History always repeats. BTC will look for a double bottom (at 333MA in the weekly TF) and then, after 4th halving will go all the way to 195 k usd. Why 195k? I apply both fibonacci extensions and fibonacci circles from its cycle ATH to its double bottom. The extensions that match will be the next target. Refer to the chart for more information.
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...
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...
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...
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.
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...
If StochRSI on weekly will go under 20 level and: 1. The price will stay above aprox. 25k level 2. StochRSI (weekly) will close with red line on one week above 20 level then there are great chances that BTC can continue the rally this year. Happy trading!