In this chart, I uncover price levels across an identified cyclical pattern hidden within Bitcoin. I was initially hesitant to publish this, as I had been pondering the theory for a few days. However, as the price approaches the Phase 2 level, I believe the timing cannot be ignored, and a reaction may be imminent as Bitcoin could be on the verge of breaking out...
Will the 3/21 new moon swing momentum in favor of the bears? Or can this bullish move push us to 30k before a correction?
NOTE: Not a financial advice, for educational purposes only.
This is an updated idea from the one last night. This idea aims to smooth out some of the points in the phases with new labels minus my consumption induced ramblings. PHASE A - ACCUMULATION ---------------------------------- PSY - Preliminary Supply The first peak is the Preliminary Supply or PSY, which is where some retail traders start to sell BC -...
Look up that infamous "Wall Street Cheat Sheet, psychology of a market cycle" diagram The 4th stage is the markdown and downtrend. In the very first cycle it looks pretty textbook where stage 1 is a consolidation box but crypto does crypto things...by the time COVID came the stage 4 into stage 1 is a WIDE and volatile type of consolidation which lead to the 2nd...
1. 1st high volume indicates consensus on Accumulation phase. 2. Accumulation continues. 3. 2nd High volume indicates consensus on the Expansion phase. 4. Accumulation resistance flips into Reaccumulation support. 5. Repeat.
On a monthly timeframe, we are in a good trending market (Bearish). Currently in a correction phase after the long impulse move which occurred or started around 2007 and ended around 2011. We are in a beautiful ABC correction. Patiently waiting for wave C completion before looking for impulse move to the down side though continuation of the whole bearish movement....
S&P 500 looks so similar to 4 phases of market cycles
From past few days, it showed downtrend then went to consolidation phase, Now given a good breakout and sustained, showing bullish pressure. Can reach the targets in coming days.
all the L1's look heavy, complacency bounce on SOL pretty clear, hoping for $130 entry
We're always looking at different ways to view the market. Here' is one different way to look at the market today. How you do one thing, is how you do everything! Happy Trading. Stay Focused No Pish Posh Maximum Effort Keep Stacking IT
maintain that anything below 100k is cheap people though that was a joke?
3 long target: - Top of demand area - Ascending daily medium term investors trend support - Ascending weekly medium term investors trend support Safety first: Set up a Sl as per chart Gl
-TP1 above at the top of the cloud Can't really determine a higher target even in EW as the actif had been hardly manipulated in the previous big cycle. But in term of R/R it's a no risk entry, with nice cycles turning green catalysing the volume (ideal for sceptical ppl ;) ) gl
Still have time. We are most likely going to test the bottom of the red cloud above the current rope then retest the rope. If the rope doesn't broke up we are going to the next rope above (careful the gap is big ;) ).
Monthly closed at-last, and to me it looks bearish.. but I already showed why on monthly I see same bearish (Correction) patterns like from previous parabolic run: Today I wanted to zoom in to weekly and show you why I see same bearish (Correction) patterns: 1. Just like in any market, when fear holding their assets they are panicking, and this is why usually...
I know you've probably seen this kinda chart around many times, but this is only for a reminder. In this post, iv'e outlined the "phases" within Bitcoin's cycles and the ones it has gone through in the past and what it is most likely to do next. Not saying it will repeat itself, but it is probably best to use as a rough outline. There isn't much to say really...
hey traders, on pound aussie we have a very good example of market phases. pair is now approaching a decent level of resistance, and the market leaves multiple clues of bulls exhaustion. first of all, analyzing volumes, we see that smart money dont buy anymore, and prefer rather to sell: also, we have weakening overbought rsi with clear divergence, and...