BLX trade ideas
Look at these KST cross❌below 0 in the past for Bitcoin 🚨🚨🚨Wow ‼️
Look at these KST cross❌below 0 in the past for Bitcoin 🚨🚨🚨
Except one bad signal October 2018 we had six beautiful buy signal for BTC with great gains followed
Crypto Nation - last week KST crossed❌again
Comment & FOLLOW appreciated
*not financial advice
do your own research before investing
This could be your next huge buy opportunityHey everyone,
Lets see if I can repeat the halving cycle forecast success as in Apr 2019 because I see very similar conditions no matter what people think of Bitcoin based on fundamentals. This is clearly a technical view.
This chart is based on Fear/Greed mutliyear halving cycle ( Supply and demand + greed and fear = cycles)
What is Halvening ?
In Bitcoin , halving is when block rewards for mining are cut in half. Halving happens at regular intervals based on the Bitcoin protocol.
In other words the code underlying the network dictates that X new coins minted as mining rewards for miners adding blocks of transactions to the blockchain will be cut in half every Y blocks until the reward reaches zero and no new coins are mined.
Bitcoin halving occurs every 210,000 blocks.
Since one block is added to the Bitcoin blockchain roughly every 10 minutes, each halving is about 210,000 blocks x 10 minutes = 2,100,000 minutes = 4 years apart.
When is the next Bitcoin Halving: Assuming no major changes, the mining reward will drop from 6.25 BTC to 3.125 per block approx. in Apr 2024
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What happens when all the bitcoins are mined?
The bitcoin inflation rate steadily trends downwards. At the time of writing, more than 3 out of every 4 bitcoins that will ever exist have already been mined, and the annual inflation rate is just 4%. The block reward given to miners is made up of newly-created bitcoins plus transaction fees. As inflation goes to zero miners will obtain an income only from transaction fees which will provide an incentive to keep mining to make transactions irreversible.
Due to deep technical reasons, block space is a scarce commodity, getting a transaction mined can be seen as purchasing a portion of it. By analogy, on average every 10 minutes a fixed amount of land is created and no more, people wanting to make transactions bid for parcels of this land. The sale of this land is what supports the miners even in a zero-inflation regime. The price of this land is set by demand for transactions (because the supply is fixed and known) and the mining difficulty readjusts around this to keep the average interval at 10 minutes.
** This is attempt to predict future price movement & not a financial advice **
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Is this the ultimate support? Hi All
Bitcoin price action is still lagging the recent strength in the network and new ATH with hashrate.
However, PA is now holding (so far) on the 20 DMA and 21 EMA support band on the 3-Monthly TF.
This what the ultimate support, even no spikes below that.
What do you think?
Is it gonna hold or break now?
Thnx
Jad
BTCUSD TD SEQUENTIAL FLASHES 9The Tom Demark Sequential Indicator flashes 9 on the monthly chart. Each time this happened, the bottom was set and Bitcoin prepared for another bull run.
If you draw the Fibonacci from the monthly candle at the time the TD Sequential flashed a 9 to the highest point on the monthly candle that Bitcoin closed the bull run, Bitcoin then made a bottom at the 0.382 Fibonacci retracement two times already.
This is exactly where we are now.
The bottom is in, it is now up to the bulls to slowly start growling. Be patient, just stack sats, and we're all going to be fine.
Imagine shorting Bitcoin here at 30kImagine shorting Bitcoin here after 55% dip because your stupid friends are in panic and they told you it's a scam. Close the charts and come back after few months at new ath and watch how they are fomo all in with everything what they have. Always same story, I refuse to sell here, fk you bears.
Bitcoin long-term view - another touch point on panic line 🔴Bitcoin long-term view - another touch point on panic line 🔴
A BTC close above $25,000 and the bottom support line 🔵 would be a huge bullish signal IMO
What do you think dear Crypto Nation?
Comment & FOLLOW appreciated
*not financial advice
do your own research before investing
BTC- Macro Perspective pt 3 (2022)Current day, we see something very similar playing out. We have created a bullish divergence in price vs our MACD. We will have the official cross tomorrow (Sep 11) from the 50 MA (green) crossing the 100MA (red). If we repeat history then over the next roughly 91 days we could see a retest of our 50 MA. This should put it around $31,000-32,000 by late November/ early December. That would be the same 50% rally from the current price.
My take. We still have not broken the low ($17,600) therefore there is only one place to go (up). I think the CPI numbers (Sep 13) will be the most important to determine if we will break that 17.6k low or if we can maintain this uptrend. If this trend I have outlined is to repeat itself then my guess is we will have a fakeout move down either before or after the CPI numbers are released and then start the uptrend from there (Similar to the CPI numbers in July/ Flushed from $20.1k down to $18.9k then immediately back up to $24.5k). If we do break our low of $17.6k then we will be creating a whole different bear market compared to previous cycles.
BTC - Macro Perspective pt 2 (2019)In 2019, we still something similar to 2015. BTC had a bullish divergence form with price vs the MACD. We had our 50 (green) cross our 100 (red) which was close to the low before a 50% rally back to the 50 MA. Then we had a fakeout "bullmarket" start by facing turmoil at our 100MA. Then, the true bullmarket started when we broke back above our 50MA and held it as support.
BTC- Macro perspective pt 1 (2015)Here we will be analyzing the last 3 bear markets and look for similarities. In 2015 I have the 50 (green) and 100 (red) MA pulled up. Whenever our 50 crossed below our 100 it marked the bottom before a 45% rally to back to our 50 MA (green). We can also see we formed a bullish divergence in price vs the MACD.
Update on Bitcoin - Stoch RSI ❌cross below 1.00 (smoothD) Update on Bitcoin - Stoch RSI ❌cross below 1.00 (smoothD)
Event only happened three times in BTC history
1. ❌
November 2011 - smD 0.25
2. ❌
December 2018 - smD 0.65
3. ❌
July 2022 - smD 0.76
Massive gains after 1. & 2. ❌cross Crypto Nation
Comment & Follow appreciated
*not financial advice
do your own research before investing
Macro Bitcoin channelWatching this Bitcoin macro channel very closely. In the coming months expect a touch of the bottom of the channel. Worst case scenario we get a 20% wick below the bottom of channel. Holding channel support plus a break of the long term RSI downtrend on 3W will be a mega buy IMO.
BTC - long termHere we have the only 2 curvy supports that I take into account - We are now sitting on one of them which suggest we could bounce just to show some resistance - therefore it is wise to DCA here for at least a small bounce. The other support is my all-time curvy support - Respected by the 2012 and 2015 bear market and also by the Covid Crash - going lower will change history as we know it - and potentially the future of Crypto as we know it.
Therefore my plan now is to DCA where we are, next crutial level sits at $13k-$14k.
Sadly I have my expectations of hitting it lower, but I must see the fundamentals leading the price that low to be able to judge them - for now we only focus on those 2 areas.
Cheers!
Bitcoin i'm Back Hey I'm back any welcome ?
look everything is obvious BTC is making a Bear Flag we can retest at 22,500$ and then go Lower 14k 13k 12k
if we break above we'll have new discuss
PS : IF BTC GO LOWER READ THIS !!!
and we're in BEAR MARKET and World AT WAR Economy of the world is at ledge OLD System and It's in Race at the same time The ARK mounts everytime Win so this is your last Chance if you dont bitcoin now or later at lower Levels cause after that our first target is 300k.
BTC BOTTOM at 11,250Bullish shark harmonic pattern, with an AB=CD x 1.618 inside the ABCD leg of the Bullish shark.
The Bullish shark points to 0.886 fib of COVID crash to top (69k) which is 11,250.
The AB=CD x 1.618 of the ABCD legs is also 11,250.
Sorry guys, it aint going any lower than that :))
TP1 = 40k
TP2 = 46.9k
TP3 = 104k
If 47k breaks, i would look to LONG to 104k.
Bitcoin's Ominous "terminal impulse"I have linked my past Related Ideas above the comments section and below all my discussion of this idea herein, so that you can see the progression of my attempt to understand this megaphone pattern I had identified in the summer of 2021 concomitant with my posited posited ANYONECANSPEND attack which I have been harping about publicly for a several years now.
As I was updating the discussion today (July 1) of my prior, recent, published idea Bitcoin bottom to be or not to be? , I suddenly stumbled upon an explanation (rationalization?) of my prior misunderstandings and potentially clarity about the current Elliot Wave structure of Bitcoin which suddenly came more clearly into view.
> “How prescient I was. If I had only been more confident and put more effort into monitoring my insight. Unfortunately I wasn’t following Ron Walker in 2021”
Actually I see now why I got confused in Q1 2022 and bought the dip prematurely, because I had my upper pink trendline for my megaphone pattern too steeply sloped. Thus I did not realize where in the pattern that Q1 2022 final bull trap bounce was! Now I realize it corresponded to that bull trap bounce in October 2019 on my repeating megaphone pattern hypothesis.
Luckily I am realizing this before it is too late to expect a $12 – $13k bottom and to be aware the bounce may be only to $48 – 53k. But does $48k come before $13k?
Note likely to get some short-term bounce from current low or a slightly lower low (but above $14k) before any if any plummet to the egregious lows. So as to create some hopium that bottom is in and that major wave #4 is above the top of wave #1 so hopium that can still go to new ATHs. Because suddenly the crypto sector has turned bearish and too many people are expecting the washout imminently. Markets tend to do opposite of what the herd expects.
SUMMARY
So what has changed in my expectations is that I now expect Bitcoin has either bottomed or will bottom in July (perhaps during this 3 day holiday weekend) and positing that Bitcoin will rally from September to December only up to overhead resistance $47 – $53k — not to a new ATH as speculated in my aforementioned prior, recent, published. This would presumably create the bull trap for the egregious next leg lower in price in 2023 which would fulfill the ‘terminal impulse’ Elliot Wave situation which I had identified previously due to the corona dump in March 2020 wherein wave #2 crashed below the 61.8% Fibonacci retracement of wave #1. I will elaborate on this EW theory in the following discussion after publishing this idea.
I was close to understanding this when I published on May 23 My Dec. 2021 $13k Prediction Coming to Fruition? wherein I wrote as follows...
Back in December 2021 (and I think going back even to summer 2021 if you want to search back in my published ideas), I had identified a potential repeating megaphone wedge pattern and for my Feb 26 published idea (and actually months before that as well) I had identified a repeating Fibonacci extension pattern. Also the terminal Elliot Wave situation I had identified earlier in 2021.
So by the March 8 update on my prior published idea, I had already identified what has transpired since. Here were those charts I published on March 8:
I got closer to understanding when I added the following comment to said published idea on June 5:
I mentioned that maybe the Terminal Impulse {3} wave had completed, which requires wave {4} to drop below $14k. Given the situation the Fed is in, I thus believe the outlook is much worse. After a bounce to ~$50k by Sept (retracing 0.786 as it did in 2019) after June crash, then another crash to fill the $9.8k CME gap. That crash will force the Fed to turn back on the money printers but the global situation is too dire to send markets into the stratosphere again. We’ve got to be wise with buys and sells to survive in the markets from here on. My prior idea was too optimistic.
Bitcoin and what to look for #2This 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 handle.
I also have outlined a possible HTF outcome and what to look for as a path to bullish movement and bearish movement.
I also want to point out that we have "hidden bullish divergence" on the HTF Oscillator. So we should expect a pump, but to where is the question, New highs or retrace?
*Put time in the market don't try to time the market*