Obviously the debt ceiling was going to be expanded since the Americans will not give up their "credibility" and the world reserve currency Expect weekly to close around $27.250
Wednesday
- French, Italian, and German inflation YOY
- Japanese Consumer confidence
Thursday
- Inflation and unemployment rate eurozone YOY
- US ISM manufacturing PMI
Friday
- US...
On the monthly chart, bitcoin is now moving around the price level of the 0.382 Fibonacci retracement drawn from the 2018 bottom to the all-time high in 2021.
Twice before, this level was exactly the bottom for bitcoin; quite soon after—usually within 3 months—it prompted bitcoin to resume its bull run.
Tom DeMark Sequential shows a 9 each time at the monthly...
Attention! Incredibly long text!
A huge cluster of pending orders to buy Bitcoin will not allow the price to drop to the $13,000 area expected by everyone.
In addition, these conditions will allow the market maker to move the market to the $32,000-$38,000 region in order to use a trap for marginal bears and their subsequent liquidation.
Abstract concept showing a long term maintain of the bull structure once this bear market ends
The bull run will be epic.
Bottom ascending line is a strong support that can be drawn on this non/logarithmic chart.
2018 Peak euphoria (20K) used as support for in 2022
I have drawn a Fibonacci time zone for each cycle from the top to the point the bottom is reached. After this, the Fibonacci sequence begins to count.
I am starting at the top of 2011 to the bottom at the end of 2011, and these time zones count in vertical black lines.
After this, I drew another Fibonacci time zone from the top of 2014 to the bottom in 2015, and...
Although we havent confirmed bottom yet we still have same legacy top trend line! BBlx has broken 21/233 ema bearish for the first time in history of weekly chart. I expect 10-13k bottom but we are near the 1-1 fib of our correction and historically corrections have bounced at the .786! Not claiming a bottom here but when we are finished correcting I think this...
This chart is essentially a continuation of the "bitcoin and what to look for" a while back. I have added the "HTF log oscillator" and the new "Mayer multiple bands" by (TXMC) indicators.
This chart only shows what to look for and possible events to come. This is not a prediction and not financial advice. Always invest with caution and a risk tolerance you can...
This is not a prediction just an outlook. In fact it would be crazy if it happened anywhere remotely close to it. LOL
This chart is for educational purposes only
In order for this or anything remotely close to this happening, the market cap would to 12x to 15x in an approximate year or a little over. IMO it's too much too fast.
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Pivotal points line up nicely with these two circles drawn during the early bullish phase of the market and the later bullish phase of the market
We are in a comparable point to that in the first blue circle
Previous bottoms line up nicely with 3.618 and 4.236 of the first bullish circle drawn
It can be seen on this chart that the horizontal lines of support align with previous secondary bull market tops (in red)
The hammer situation are comparable points
What is really interesting though is that the Gaussian Channel structure on this 3D chart is very very similar to that of the pre 2016 bear market
This may result in a low for BTC at around 13 - 14K...
I exited all of my crypto positions last night after we lost support at $39.3k. We really needed a bounce there for the structure to hold up and bounce higher. Now we've just printed new lower lows. The reason for exiting here is because now I think there's more risk than reward, so I'd rather sit and watch things play out than have my money sitting in the market...
Pretty much the same chart as I posted last time, just updating thoughts and timing a little bit now that price action has played out more.
I'm fairly confident that this move down right here will mark the short term bottom. I'm thinking that we could get a strong bounce up to the low to mid $50k range ($51k-56k) as the next move to confirm resistance, which...
As price hits the middle of the channel, this analysis shows how price still has the potential to extend from here to the top, as it has done in the past (indicated with green)
We are in a massive channel, right now as price is close to the major lower trend line , an entry point arises
Some of my older posts, below
Show a large parabola, this line is...
Current thoughts on the mind when looking at the BLX chart, price has reached a weird place in its constant evolution
The most right red dotted line is where the bear move should continue to if we have experienced the top, but that would violate the BLX Channel indicator using
I would like to see bull continuation personally
Posting so I can look back at my analysis. This is my outlook for 2022 and 2023. I believe we will see a BTC peak late 2022 or early/mid 2023, then alt coins will rally shortly after. I speculate the BTC/USD evaluation could reach $180K.
Some uncertainty around the current global state and foreign affairs.
• Since Apr’21, BTCUSD has been consolidating in a range.
• Wave (2) was relatively clean and simple. Wave (4) is thus likely to unfold as a more complex and frustrating correction.
• Dubious speculation: the $69K top might be the end of the B Wave in a running flat correction, and we are still in the C Wave, (4) in the larger wave count, which will bottom at...
This is my Elliott Wave scenario. FLAT ABC is clean. 2 main possible targets i see are the 100% at 32574$ and 24403$ at the 123% Fibonacci. I will post an important chart of historical Bitcoin bear market retracement, you will see that Bitcoin always had retraced on the LOG 0.3 or 0.382.
