In this chart, I showcase my major Bullrun Rings since 2016. As stated on the chart, there have only been 2 failures that still resulted in a major upturn into new ATHs. The only failed trigger since inception was marked in Nov 2013 (not depicted). This saw a close above the green ring and then closed below two weeks later. Prior to this date, 4 additional targets were also proven to signal upward continuation. With regards to my additional ring placements, they help guide and navigate price action direction and assist in providing forecasted support, resistance levels and pivot points. The results are evident and harmonic, to say the least.
Forward-looking projections and Key Takeaways:
Final Thoughts
Become subjected to what may appear to be a solar system of overlapping crazy rings, but be sure to look closely and see for yourself the confluence and relationships these rings play into price action and timings.
Thanks
Here is a link to the original post
x.com/LiquidMaf...916632496963688?s=20
I will be sure to post updates zoomed in as we approach a ring.
Forward-looking projections and Key Takeaways:
- As I see it here, there is a little upward free-ranging until we hit either the above or below rings. Just keep in mind, typically once crossed, that price is not seen for a long time, or if not at all.
- One major clue in identifying major moves is when these cycle Rings converge or cross one another. On and around the week of the 20th of May 2024 we will be seeing a major crossing of Rings multiple rings. Some of which are not here due to the inability to visually comprehend.
- I have labelled some price targets, but be aware rings are not straight and price can, at any point hit a ring. As it stands now the peak of the upper red ring is coincidentally the 2022 ATH at
- 69K
Final Thoughts
Become subjected to what may appear to be a solar system of overlapping crazy rings, but be sure to look closely and see for yourself the confluence and relationships these rings play into price action and timings.
Thanks
Here is a link to the original post
x.com/LiquidMaf...916632496963688?s=20
I will be sure to post updates zoomed in as we approach a ring.
Comment:
Here is a clearer picture at better resolution
Comment:
Bit of an update, following the Bullrun rings. Seems we haven't yet hit total resistance and could stretch a little more before a potential consolidation > to retrace down. However totally open to blasting right through. Here is a screenshot of a zoomed in PA and targets, to watch for. Although I don't expect a low to come in straight away.
Comment:
Ok time for an update: We have now broken above the red ring. There is now a cause for alert, as this scenario of breaking the red ring has historically playing into a correction 2-3 weeks after crossing. Whilst for the majority of times, we have typically resisted crossing and retraced prior to breaking upward. Now I could say that "this time is different" however given BTC's price action (PA), BTC has been respecting this chart quite nicely, so far. Furthermore, I've moved and placed an additional vertical line that signals the next pivot ring cross, these are aligned with todays PA and whilst price can fluctuate, these dates will move as they correlate to the (blue) rings. At it stands the next approaching ring cross is the week of the 27th of March. This is one to watch out for. For now remaining above the red ring is ok, closing below (weekly) could indicate a large correction is at play. I'll post more updates as we get closer.
Comment:
Hi, little quick update. PA has since my last update has now tagged the bottom side of my red ring. This may hold as support and I do suspect a mini bounce.
PA can most likely be a magnet to this ring for a few days or head up to the top side of the blue pivot ring. This ring cross has also now just moved back...since dropping, which again indicates, PA could move up that means resistance and the dates for ring crossing moves closer... and I'd suspect if that happens the date will move towards the 24th-27th of March.
Just to bring it back to basics. I also have to mention.... resistance at the blue ring could be big, but crossing and closing over the ring signals a continued move upwards. The last time we crossed this ring was in Jan 2023 right when this whole bull run started. A cross above the green ring... signals....well let's just say... it will be fun times again for many months!!!
PA can most likely be a magnet to this ring for a few days or head up to the top side of the blue pivot ring. This ring cross has also now just moved back...since dropping, which again indicates, PA could move up that means resistance and the dates for ring crossing moves closer... and I'd suspect if that happens the date will move towards the 24th-27th of March.
Just to bring it back to basics. I also have to mention.... resistance at the blue ring could be big, but crossing and closing over the ring signals a continued move upwards. The last time we crossed this ring was in Jan 2023 right when this whole bull run started. A cross above the green ring... signals....well let's just say... it will be fun times again for many months!!!
Comment:
Another little update on my rings chart. BTC PA has now broken below the red ring. I believe staying close to this ring is ideal. Moving along and down side is also ideal. As long as we approach the next pivot ring from the downside up I do expect a bounce.... however, it might be conflicting and volatile. As long as a solid close crossing it is printed I will remain bullish.
Comment:
Update to Blue Ring Cross. I've made an error and it seems the ring has moved or I've accidentally moved it. So I have now positioned it back into its original state. This error has now changed the ring cross dates. Previously I mentioned the ring cross date could be the 24-27th of March and then also the 1st of April. Whilst this ring is measured on the weekly TF it is also valid to note that close enough to either side of the ring anything can happen, and should be triggered on the weekly TF. It is also a tricky ring cross to propagate. 5/10 ring crosses resulted in an upward continuation, whilst some crosses' price below was never seen again. Whilst 5/10 either saw months of sideways or a quick sell-off (lower than crossing price) before reversing upward. Then of those 5, 2 were ending of bull market and signified a reversal.
I'll post here a screenshot showing that the blue ring placement has been put back as the original publishing of this chart. This now shows that the week of the 6th of May is when we are likely to cross. Keep in mind that PA will affect these dates.
Again I apologise for the misrepresentation.
Here it is on the daily
Note: Dates may look different and this is due to the ring being positioned on weekly TF.
I'll post here a screenshot showing that the blue ring placement has been put back as the original publishing of this chart. This now shows that the week of the 6th of May is when we are likely to cross. Keep in mind that PA will affect these dates.
Again I apologise for the misrepresentation.
Here it is on the daily
Note: Dates may look different and this is due to the ring being positioned on weekly TF.
Comment:
So, a much needed BIG update to my Bullrun Rings Chart. Whilst this sell off did send Bitcoin down, we have managed to nail support (right to the tee) below on my red ring at $61,308. As mentioned in a previous update, this red ring can act like a magnet and to stay above and/or hover around this ring on multiple days we still can maintain an uptrend. Multiple closes below would suggest more downside although, typically a full-body candle will wick through these rings. If we do see closes below, I'd be cautious of any upside as it could be limited especially if on the weekly timeframe. A close even fractionally below this red ring on the weekly could set us up for some major pain.
To extrapolate this, the last time we crossed below this red ring on the weekly was in March 2020, right before the a major dump. All other rings are also very closely is the same similar proximity which is concerning but not entirely worried just yet. Not to say this will happen again but history does have a tendency to rhythm but maybe not repeat.
Just to reemphasis what the chart is indicating. All green rings that Bitcoin's PA has crossed does project continuation, there will be dips and there will be fake outs but the overall trajectory is upward continuation, until major pivot (blue) rings are crossed or met with heavy resistance. We still have one more major green ring cross. Is it the last or will we cross it much, much later. Who knows, time will tell...
PS: I've also moved these pivot rings across as PA has moved down. I will only post updates and move these rings as PA approaches. There is no point in me moving each time I update as they are still a fair way out.
Here is current PA snapshot
and then a comparison to March 2020. Do we need to come down before crossing the next pivot ring?
To extrapolate this, the last time we crossed below this red ring on the weekly was in March 2020, right before the a major dump. All other rings are also very closely is the same similar proximity which is concerning but not entirely worried just yet. Not to say this will happen again but history does have a tendency to rhythm but maybe not repeat.
Just to reemphasis what the chart is indicating. All green rings that Bitcoin's PA has crossed does project continuation, there will be dips and there will be fake outs but the overall trajectory is upward continuation, until major pivot (blue) rings are crossed or met with heavy resistance. We still have one more major green ring cross. Is it the last or will we cross it much, much later. Who knows, time will tell...
PS: I've also moved these pivot rings across as PA has moved down. I will only post updates and move these rings as PA approaches. There is no point in me moving each time I update as they are still a fair way out.
Here is current PA snapshot
and then a comparison to March 2020. Do we need to come down before crossing the next pivot ring?