Hello friends.
Remember when we said that Bitcoin "cycles" are dead?
Our argument was logical and based on the fact that ideas that are given too much importance by retail traders tend to fail. 100k BTC 2021 is a good example of a narrative of this nature. It didn't happen. Why?
Because that would have been too easy.
Since then, they added another band onto...
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...
the 3month bitcoin chart shows that bearish volume has increased in the last quarter only for price to be held suggesting a momentary pause at the middle of the range with some upside inbound.
my guess is that bitcoin will now push up to the .32/.5 fibo retrace (most likely spike beyond at the range high) before the rally fails and we head to the range lows to...
First Published: October 5, 2023
Disclaimer:
Please be aware that the information provided in this post is for educational and informational purposes only. It should not be considered financial advice. Trading and investing in financial markets carries inherit risk, always conduct your own research and, if necessary, consult a qualified financial adviser...
I wanted to see potentially when we might again reach the previous BTC cycle's ATH (all time high). Based on our previous two cycles taking up to 770 days to reach this milestone, around December 2024 looks probable.
My way of measuring the 4yr cycle is quite simple. I measure from top to top, and bottom to bottom.
The first few years of BTC it was in discovery, there was no real patterns and the volume was so low, so I personally disregard these years.
The 2012 bullrun was the first somewhat established bullrun in my opinion, so I start from the top of that one, which was...
This is obviously a massive stretch, and just some bullish very long term hopium. Everyone already knows Bitcoin is going to 100 Bajillion Trillion dollars.
But...HOW LONG does it take?
If I had to take a wild stab in the dark. I would say somehwere about 61.8% as long as Grand Supercycle Wave 1.
2,577 days.
A wave 3 in Elliot Wave theory is typically...
We have held the MONTHLY 50 EMA as well as the LIFETIME .618 retracement level which was also the inverse hs neckline whose head was 15k and was our bottom breakout.
We are forming another one here. If this one fails, I have a strong feeling we will get an opportunity for some very cheap bitcoin.
Until 24k is lost, I am thoroughly convinced it is up from...
Mirror Image: NIKKEI vs. BTC
Upon closer inspection, you might be astounded by the uncanny similarity between NIKKEI, Japan's stock market index, and BTC, the poster child of cryptocurrencies. 📊
Leading or Following?
NIKKEI's chart seems to be almost leading the way, showcasing patterns and trends that BTC later follows.
This observation highlights the...
I have been using Trend Based Fib extensions in Trading View for many years. It is one of the tools you can use in Trading View for free.
In June 2011 Bitcoin hit its first major high at $31.90. Its bear market low was $2.01 in Nov 2011. Use the Trend Based Fib extension tool; first point is $31.90 in Apr 2011 and the second point is the $2.01 low in Nov 2011;...
In my opinion, Bitcoin will move towards 100k after the 2024 halving, this view is derived from my belief in the crypto market, and I apologize if it is not compatible with your logic.
#BTC here is the true 5 waves, 3 looks shorter because its on log, to fit on screen (put it on linear for yourself), when in reality 3 is much larger than 1 ... wave 3 is often the longest but NEVER the shortest.. This will end up being a wave 2 correction in the macro IMO
"Squid Game, the sensational Netflix series that has taken the world by storm, offers a gripping mirror to human psychology, reflecting the intricate dance of emotions and decisions that we often encounter in the world of finance. Just as unsuspecting individuals are lured into the deadly games by the enigmatic subway stranger, many novice investors are drawn into...
