ETH/USDT Big Move Incoming: New All-Time-High Soon?ETH/USDT is forming a pennant on the 1H chart. With all the bullish sentiment surrounding Bitcoin and crypto in general I'd be very surprised if the pennant breaks out on the downside instead of on the upside.
My previous few ETH calls were spot-on, let's hope I'm right again! Would be truly amazing to see a new ATH on ETH in the near future.
I've marked two areas of resistance on the chart, R1 and R2. R1 based on the most recent top and R2 being the last major resistance before the ATH around $1430. Be careful around those areas, happy trading!
Alltimehigh
An Apple A Day Keeps Bankruptcy AwayHello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: APPLE is sitting around a strong supply area in blue and its All-Time-High so we will be looking for sell setups on lower timeframes.
on H1: APPLE is forming a trendline in red but it is not valid yet so now we are waiting for a third swing to form around it to consider it valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
Big Cup Of FET/BTC #Fetchai $FET #fet #cryptoHere we see our Binance FET weekly chart . It appears to be forming a massive cup structure . That would take us back up to the .706 fib near
9900 sats to form the top of the cup . A handle would form after that possibly taking us much higher.This obviuosly would not be happening until the later part of the year to reach these upper levels - but in a bullrun year it is very possible to get there . Also ETH is close to reaching its' previous All Time High of $1400 approx . So other coins may also revisit their All Time Highs , since ETH leads the way . FET All Time High was
above 14000 sats . That would be great ! Also it appears we are Blue Skies above 3250 on the weekly chart as that is our last resistance there . This looks good .
BTC On Its Way To $42,000 According to Late 2017 FRACTALIn this technical analysis I will explain why $42,000 is a very realistic scenario for the price of bitcoin. According to the fractal from late 2017 we would still be able to have an upside potential of at least 20% before we enter a downtrend again.
From a TA perspective it seems hardly sustainable to see the price of BTC grow as much as it has this recent time period, but planning the trend reversal (besides being potentially very profitable) is going to be extremely hard.
The yellow line is drawn by taking the price data from the late 2017 to early 2018 period. This was the moment the previous bullrun happened and when we printed our previous ATH of slightly below $20,000.
Applying old data onto a current chart is called a 'fractal' and gives you the opportunity to understand what might happen in the future or what empirically could be a realistic scenario.
Using this specific fractal we can get an idea of what a realistic pivot point could be and what a realistic price target could be on a BTC that is still rising every day.
The incredibly sharp drop witnessed after the previous bullrun is what should scare you. The drop can be very very intense after the top has been seen. A chain reaction of panic can cause the price to drop really really quickly.
Just imagine when people start selling, the price will drop and newspapers and newschannels will start reporting on the drop. This will in turn create a very widespread awareness about the fact that the price is dropping and might cause even people who don't look at the chart daily to log in and start taking action.
We have seen a similar concept of course in the rise of the price. As soon as the all time high broke, lots of people would have been notified about bitcoin who previously weren't concerned about it. Simply because the media helped to spread awareness.
This caused the chain reaction that pumped the price to these massive new heights.
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BTC - still long, the retrace has arrived. Update to BTC:
A fresh all time high, created a great drop to fill the balance.
A new fresh top formed. Price has fallen but stopped at a great level of imbalance.
What now?
We will expect price to form a pin bar - for the bulls to close out the 7500-8000$ drop, however price will close within a nice range between the fresh top and new demand break.
If you are holding longs and still comfortable.
continue to hold with hedges accordingly at levels where price has reacted .
The chart shows us:
Maxed out weekly, monthly tops, creating a new all time high for the coin.
with a strong bullish movement, a potential correctional movement can take place in the run up to the holiday season.
Keep track of the US impact for the stimulus bill and further pumping of data on unemployment. - the stimulus package has now been agreed for $900bn and the vaccines are now rolling out.
The US market is looking to continue growth upon the federal spending and position itself with forecasted growth into 2021.
Zones to watch for long additions.
$24,000 - 25,550
$30k target - nearly there, however 29k is the -0.786 extension target. - this was completed over the weekend 2nd, 3rd January.
We now have an imbalance to fill back to $22.5 to 24k - this will be the pivot level for longterm outlooks.
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APPLE testing its All-Time-HighHello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: APPLE is sitting around a strong supply area in blue and its All-Time-High so we will be looking for sell setups on lower timeframes.
on H1: APPLE is forming a trendline in gray but it is not valid yet so now we are waiting for a third swing to form around it to consider it valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
Bitcoin - Breakout 1 vs 2 (current) - Approx. 386,000 USD targetBreakout 1 took 17 3M bars from start to finish, with an eventual increase of roughly 1600%.
If Breakout 2 does similarly (17 3M bars and eventual roughly 1600% increase), price would also "coincidentally" top out close to Fib level 2.618, which is accompanied by a price of roughly 386,000 USD.
In a few days at December-end, we will start 3M bar 14 of 17.
Finally, 3M RSI should top out above 98 but then close near 98 in 3M bar 17.
I am trying not to get caught up in the weekly or even monthly swings at this point, as both the technicals and fundamentals (long story in itself) support a price near 386,000 USD, and we seemingly have the momentum to reach that approximate level in just a few more quarters.
Cheers
Deja Vu 2017 - Alt Buy Time ? BTC/USD #Bitcoin $BTC #crypto #btcHere we see the Bitcoin daily chart from Bitstamp which shows Bitcoin from 2014 to 2017 . Why is this important ? Because in February 2017 Bitcoin returned to its' previous All Time High around 1000 dollars - you see on the chart this is marked with purple stars .And when Bitcoin returned to its' previous All Time High from early 2014 it turned out alts were in great buy zones . For instance Xrp Btc pair , if you had bought it in February 2017 (where Btc hits that ATH with the purple star ) if you had bought Xrp then you would have seen it go at least 40x ! Now that doesn't mean coins will go 40 times but it seems alts are usually a good buy when Bitcoin revisits its' previous All Time High . Could we be seeing Deja Vu happening here ? I can only say these patterns often repeat but I'm so curious to see what happens !
CARDANO READY TO TEST ALL TIME HIGH?Currently above trendline, and now testint horizontal support. If the support holds, this will be a good place to buy Cardano. We had a huge drop in altcoins earlier this week, but now I think we are ready for huge upsides in different altcoins.
Remember to have proper risk management. Maximum 3% of your capital, and don´t over-leverage.
Let your winners ride, and cut your losers short.
Please leave a like or a comment if you find this analysis helpful!
BTC NEW ATH!!Just a random thought came while watching panic in the market, people are liquidating their investments from XRP, there is a fair chance that they are also taking out their money from XRP and investing in other strong cryptos like BTC. If this would happen there is a fair chance that then BTC would go up without going below 23K...
Not financial advice just an idea to share with the community...
BTC Going To Test ATH’s Again?BTC has been sitting in this consolidation range for the past few hours. The current price is directly in the middle of this zone with a short term bullish trend forming.
I can see the potential to retest the upper resistance levels around 24,000, a pullback to the middle of the range, and then bounce to test the ATH once again.
This is a bullish scenario, and the market could move in the opposite direction. If this is the case in the next 1-2 hours, I would like to seen it drop to the lower support zone at the bottom of the consolidation range, and then monitor price action on the 1H/4H charts to react accordingly!
Good luck :)
- Chigz
DAILY TECHNICAL ANALYSIS FOR BITCOIN ($23,850 s/r aoi)-Yurlo
Fibonacci levels are on the left side, key trend lines, support, and resistance zones are circled.
Let me know if you have any questions, and if you have any questions feel free to send a message my way or comment.
Are youy bullish or bearish going into tomorrow and the following week?
Bitcoin Wrote History Again. Realistic $100k Price PredictionThe FOMO and greed are back... This time it's even better.
Market Cycles are not a fairytale and they do exist and they do repeat themselves. This is just another market cycle happening right now.
Where is this rally headed?
Intro
When you put the whole Bitcoin chart in logarithmic perspective you can see that Bitcoin is slowly growing towards a stable price which will take years to reach.
Bitcoin has been around the longest of all cryptos thus giving us some very useful data to work with.
You can predict the price of the next ATH based on two different factors in this market cycle:
Time from Halving to new ATH (in orange on chart).
Time it takes from previous ATH to new ATH (in green on chart).
Below I will explain my findings, my research of the 2 theories and my realistic expectations and price predictions which I calculated based off reliable data of the past.
From Halving To New ATH: $120k ATH (The one I use)
So as we know, every 4 years a BTC Halving happens whereby the reward miners get for verifying transactions is cut in half. Resulting in deflation over time and slowly growing towards a max supply of 21 million BTC. This max supply is estimated to be reached around 2140. More info on Halvings and what it is: www.bitcoinblockhalf.com
With this concept in mind there will always be less and less newer Bitcoins coming into circulation. BTC is growing in institutions interest and there is a connection between the halvings and bull markets.
Once a halving happened the market phase shifts from a bear market to a bull market. You can clearly see this on the chart. The bull market extends each time in duration and I calculated that it is around a x1.44 increase after every new bull market.
1st halving's bull market duration: 364d, ATH: $1,177
2nd halving's bull market duration: 525d, ATH $19,764
3rd halving's estimated bull market duration: 749d, ATH: $120,000
Price hits a new high after every halving, this is also noticable from the chart and the data. While some may prefer to estimate and predict the price based off the increase in % with every new ATH,
I use the top of the parabolic channel as the target (which, you could say, acts as resistance) and use the estimated duration of the new bull market to get the price.
When you use this theory/formula Bitcoin will hit around $120.000 around 30 May 2022
Personally I use this theory because it's more reliable. Why? It's a more accurate & logical system which lays in line with the Stock-to-Flow Model: BTC S2F Model . (Very interesting model to research).
From previous ATH to new ATH: $250k ATH (Not in my favor)
With that out of the way, there is another theory which you can use. Simply using the ATH's and the time between those two to calculate the duration for the next All Time High.
So here are my findings with this theory:
The first huge peak of Bitcoin was back in 2011 when Bitcoin reached $31.90.
The second huge run was in end of 2013 reaching a high towards $1,177.00. (Took 903d)
The third huge ATH was hit in 2017 reaching a high towards $19,674.00. (Took 1477d)
The fourth new huge ATH is estimated to be hit in 2024 reaching a high towards $250,000.00. (Estimated to take around 2415d)
Just going off by ATHs and the time between those peaks isn't really an accurate measure. But it is known that it always takes longer to reach a new ATH. 2415 days till we see the very top is too long IMO and with the growing interest this is unlikely. As insitutions are buying into bitcoin it shouldn't take that much time for Bitcoin to reach a new ATH. Those big players hold crypto for a long time and aren't trading in this market. But the retail interest is still very low, much, much lower than it was in 2017. You can see this on this chart:
Retail interest in Bitcoin
Some interesting data that make BTC more bullish in the future:
4 million BTC is lost due to lost wallets. With 18,500,000 BTC in circulation this is 21,6% of all BTC lost. This means 21,6% of market cap is lost money. That's more than $60 billion lost... See this here: Here
The US printed 21% of all circulating USD in 2020 alone (which is insane...). This is crazy data which can only result in inflation for fiat currencies. This can't happen to BTC. See how much was printed: 21% Of All USD Is Printed In 2020
Dow Jones will list crypto currency indeces in 2021: Dow Jones To Index Crypto Coins
Disclaimer: The links in this idea are not meant as a promotional or affiliate links.
If you have any thoughts or questions on this, let me know.
BTC USD - new zone for additional tradesHello traders and analysts,
Here is a view of BTC where a new zone has been created short term potential swap zone at 21,000 where price can fall back just as fast as it can rise.
The chart shows us:
Maxed out weekly, monthly tops, creating a new all time high for the coin.
with a strong bullish movement, a potential correctional movement can take place in the run up to the holiday season.
Keep track of the US impact for the stimulus bill and further pumping of data on unemployment.
Zones to watch
$21,000
$19,600-20,000
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
If you feel our work is exceptional and would like to donate coins, this is highly appreciated.
Regardless we will continue producing analysis.
Thanks,
Team Lupa