Long term BTC cycleWhile everyone now are focused on where Bitcoin is heading in short term - look here for a possible option. Based on previous tops in 2021..Longby Serjon1
BTC Rhythm is changingComparing the Fibonacci retracements from each ATH (All Time High) we had we can see that each consecutive drop is getting closer to the .382 retracement. And this year (2022) we CROSSED the .382 for the first time in BTC history. We also crossed the weekly 200 MA ... but the week is not over ... yet. Fingers crossed.by MFFD222
New Old Bitcoin RangeSince we are dealing with new market structure I have decided to look back and see what measurements could prove valuable. This Fib Channel could have been drawn right at the end of 2018 and it called the top of the last bull run perfect. It also called the Covid bottom pretty dang well. I just want to have something to go off of. To me this seems to be the best thing to keep an eye on until proven otherwise.by bigjheathman112
Let us seeHi All Just throwing it out there Not much to be said now Either You ARE IN or OUT HODLERS will be rewarded STOP LOSS IS ZERO Thnx JadLongby Jad-870
Fundamentals/TA for a prolonged BearmarketHello, I think Bitcoin cant grow with the pace we saw in the last decade and a prolonged Beartrend wouldnt surprise me (with likely no recovery). Bitcoins Marketcap reached 1.000.000.000$+ (1 Trillion) during the last Bullmarket. With such a marketcap it is in the same league as Apple, Amazon, Microsoft, Google and Tesla marketcap wise (just for you to get a sense of this number). The huge difference is everybody is using the product of these Companys regulary. Bitcoin is nowhere nearly used as regulary. Most people own Bitcoin to make Money instead for "decentral money", which is not the kind of adoption people hoped for as its not sustainable. Nearly noone wants to buy stuff with Bitcoin in Shops as most are speculating. It is a long way for Btc adoption to reasonable be a 1 Trillion mcap Asset. - This is a Zero Sum Game, this means for every dollar which one cashes out someone will loose 1$. More experienced Crypto Traders and Exchanges are taking money out of the newbies who dont really have a clue about the market. - Bitcoin cant scale and Lightning has "0%" adoption since its implemention years ago. 10$+ transactioncosts are far from competitive against other payment services. - Insane ammount of Scams in the Crypto Industry. Its a whole subindustry to create a shitcoin ponzi and spam social media with it. People are having Telegram/Reddit groups for coordinated social media spam/ad´s. This creates synthetic Hype to get people to buy into Ponzi shitcoins. (-inu coins for example) This is not a small side phenomenon, as some people play it down. Just look under Elon Musk´s twitter for example. Even big Coins like Luna were blatant Ponzischemes and it likely wont stop here (Celsius and other currently blowing up) - Public/Media opinion could change when all these ponzis collabse and that would be reasoned in my view. - Bitcoin is eating enormous ammount of energy and that a absolute no go in a climate crisis for what is mostly speculation Im not saying dont buy crypto, you do you, but in case this turns out as Bubble (as i think it likely does) i want to point out that you can loose 99% of your money and you should invest what you can afford to loose. If Bitcoin turn out as Bubble we could go as low as 1300 USD (equals 30B marketcap still), i also marked what i think are other important Support Zones until it reached that level. Current resistance seems 25-30k range (red) Dyor and please leave a like. Shortby Symbio_XUpdated 553
Forgive Us Father For We Simped Too Hard on NFTs: Bring Ze Flushyou bought the IreneDAO NFTs didnt you anon? flush itShortby BeAMightyKingUpdated 445
Btc wave 5 will surprise everyoneHow are you HODL'rs holding up? Are you buying? Getting a divorce lol... She'll be back in a year or two as we already know. Here is my prediction on this run. No one has anticipated such a run as we have had and it has been difficult for many amazing analysts to keep a high % of correct analysis albeit, some are gaining notoriety as they had predicted bearish price action and have even labeled this the bear market. Yet, how do we define a crypto bear market? Well the most noted determining factor is about an 80% pullback in the price of Bitcoin and around 90% for most alts. Yet, here we are with only a 60% pullback on Bitcoin and most alts have already done the 90% retracement or more for the less fortunate coins. So where does that leave us? In my humbled option I believe we have not completed this run and entered a bear market as most are assuming. I do hold weight to the ideals that each run will extend longer as more consumers enter the market and raise the overall market cap, along with the law of diminishing returns this is something we should all take into consideration. That said, If you just look at this run starting from the bottom of the 2018 Bear market and apply a simple Elliott Wave 1-5 you will see that we have completed waves 1-3 and are currently playing out an Extended Flat correction for wave 4. If this plays to be true, based on the correction of wave C in wave 4 the price can fall down to two different fib retracements of waves A&B, those targets being the 1.236 and the 1.618 fibs. Since we have already passed the 1.236 it is likely we retrace to the 1.618 before heading into another impulse wave and completing the 5th wave before we see the typical 80% pullback. It is important to also note that we are currently at the 200 weekly SMA which has previously held as the market bottom in every bitcoin retracement in history. A lot of factors played into the fact that we have had a different run than your typical run we have either all experienced or studied on the charts. You'll hear many reasons, some require a tinfoil hat and others are the more obvious reasons.... Yet, if you ask me, it was due to the few bitcoin futures ETF's that were approved. If you want to further investigate this, go back to 2017 and put the first bitcoin futures product released on the CME on the date and price of BTC, then move further down the line and place each one that has been approved since and I bet you will start seeing the trend. You can use this information in the future by staying up on the products being released on crypto assets. Just a hunch but, if you see something that has had a nice run and is being approved for a futures product, You may want to consider looking for ways to make profits on the way down. I hope you enjoyed the idea and information. If you have, let me know in the comments, ask questions, lets discuss... we are all in this together, lets play like a team should! Have a green week! SAVVY Below I have a link for you to read more in depth about Elliot Wave's and the fibs related to them to better your understanding of the chart I have posted. elliottwave-forecast.com I hope with all of the doom and gloom this will provide some clarity and set your mind at ease... and remember, Sell the hype and buy when the streets are soaked in blood... Now is the opposite of the time to panic sell at a loss. Longby Savvythe1664
BTC SMMA-200BTC SMMA-200. This is the capitulation. I believe BTC will not go lower than this.Longby ilhamadinusa112
BTC : Global View UpdateNow we are at support as shown above monthly chart, On weekly chart 2 scenarios . . I think it take 20+ bars (months) each correction No need to rush, or just keep scalping Have fun! by baby_rhinoUpdated 7716
BTC : Never been tested in any real financial crisisThe latest world's financial crisis was sub prime in 2008 and crypto currency has been trade since then. What if COVID was just a panic drop and the "actual" crisis is starting afterward.? DYOR if we've been using money more than that time & would it be worse . I recommend to by after seeing clear reversal signal only . I still post the chart... because I've been monitoring this and nothing else I can do with it . Trade safe n feel free to feedback/comment Shortby baby_rhinoUpdated 39396
For yall beartards out there.Everyone and there mom is like, BROOOO we need to go to 14k now.. Markets don't NEED to do sh!t mate. I'm opening leverage tommorow with a double bottom monday fake out. Offloading @83k whatever happens, tight stop under the low. And im not talking a 0,01% stop mmkayyy. GIVE IT SOME ROOM! Happy trading tradersLongby GeronimoFrederiks1
Bear market bottomsI made this chart a while back and never shared it, it might be useful for someone out there. BTC bear market targets go as low as $1.7k but reasonable targets range in the $5-8k region. by UnknownUnicorn264564702
Bitcoin Logarithmic Growth CurveI t can now be seen we have tapped the lower diagonal of this curve which only happened in the Covid-19 debacle!Longby zippy1day3
Half an answerDear Diary! Extrapolated Bitcoing halving price and came across an answer to the "glass ceiling" at 68k. Should´ve seen it much earlier, but I live and learn. The reason to the "glass floor"? - 10% per year for 7 years is a tempting return.Longby wahlwestUpdated 3