This market is fractal, just press play. Data points: cycle top - bottom 12-13 months cycle bottom - pre-halving top 17 months (367% increase) halving re-accumulation into new high 5-6 months W-RSI oversold into overbought pre-halving, 3 periods of accumulation post-election blow-off top
Re-accumulation structures like this have happened before (in the same season), with higher lows, equal lows or lower lows as we see right now. A failed mark-up into range lows with HTFs entering oversold is usually followed by a period of re-accumulation which can take several months. Patience will get rewarded, a successful mark-up will come.
Since ancient times we have seen the golden as the most satisfying geometric ratio, it can be used to analyze the proportions of natural objects but also artificial systems such as Bitcoin. I believe in the golden to be the most influential level in markets. Last cycle, i published the fractal Bitcoin followed during the first 2 pre-halving cycle’s and except...
So far, our current golden cycle is most similar to the '15-'17 one. We started off with a crash, but it recovered fast, a re-accumulation period followed and now we are heading into the golden rejection. If we do reject, i expect us to S/R flip the re-accumulation range. Like each past golden cycle, a re-accumulation phase follows into the halving before the bull...
MIL:BTC will see a pre-halving ATH if it keeps copying previous cycle's post-black swan fractal. After the FTX crash, we copied each phase that occurred after the COVID crash. If this continues, we'll see a new ATH early 2024. The ETF catalyst could make it happen.
I analyse price action of the past a lot. Finding fractals that rhyme can say a 100 times more than indicators do. The market is like human psychology, it always repeats the same. In the past 5 years of trading crypto some fractals i found played out almost 1 to 1, from now on i will publish the one's i really like compared to current BTC's price action in this...
3 years since i posted on TV. No better moment to be back. The moment we've all been waiting for. The golden RSI breakout. After another completed cycle we summon the kickoff of the new 2023-2025 bull-run. Enjoy the ride the coming 2 years.
This is a part of my previous idea If we look to ETH, we saw a ca 50% correction and a textbook falling wedge just like previous re-accumulation before the dec 2017 pump. The falling wedge ends perfectly in our heaviest support. A target when we breakout of the wedge is the next 61.8, from there we could print another wedge while we re-accumulate for the...
What we see here is a fractal that I noticed in BTC (Bitcoin). It's pretty clear that we got our bottom (3100) after last years bear market and BTC is following now similar moves that occured in previous cycles. As a matter of course an accumulation zone (purple box) occurs after reaching a bottom (purple circle) . After accumulation we see a first mark-up...
According to Ralph Nelson Elliott's "Elliott Wave Theory" a market cycle has a Motion Wave (5 impulse waves up) followed by the correction ( ABC wave). According to this count BTC had its 5 impulse waves and is going for the correction phase now, what would mean 20K is the all time high. We could see a B wave up from here but to reach new all time highs we would...
A year ago i published an idea of bubble phases projected on NFLX , it aged very well. As an update i projected them again on Amazon this time. It looks that the whole tech market is at the denial stage of a new blowoff coming soon.
If we look to the past bullruns, we saw corrections to the 61.8% fibonacci retracement of the impulse, if we are in a bull run right now a target will be the 61.8% retracement of this impulse which lays near 7250.
This is a fractal that i'm noticing in the recent rally on BTC. After the 1k candle that broke the 5K ice and triggered the parabollic rally it printed a H&S whitin a channel where we kissed each 1.236 fibonacci extension of the previous impulse perfectly. The H&S got invalidated when we broke the upper neckline and the RS failed. We went back to the head and...
Elliott Wave, RSI and fibonacci analyse by Nestay High odds that we have an ending diagonal in play here. As expected in my previous ideas the last 1.5 years the 4K zone was the bottom of this bear market and this rally confirms it. We have seen five impulses up since 3400 USD that brought us a beautiful parabollic run. We broke out of the accumulation wedge with...
We reached my bottom targets of the previous idea "Road to 4K update, capitulation soon" (you can find it at the bottom of this idea). A bullish divergence triggered the bounce as expected. BTC started accumulating in a range between 3300 and 4200 for about 110 days before a strong 1K candle breakout & we reached the supply zone between 5300 and 5700 which should...
Shorting from 17K to 3K was a lot of fun but its time to get some bullish bias! The majority of alts are showing breaks of its resistances, retesting it and using it now as supports. ALTSZN on its way? I do think that the majority of alts have found their bottom but the question is if 3300 is BTC's bottom . We still haven't seen a real capitulation event imo...
Congrats to the few that stayed bearish with me hehe, We finally broke the wedge we p&d in for over 6 months. As expected the massive support around 6K got slaughtered with a red dildo, this is where we find fear in bulls hands. BTC -9.89% finds some support of the 1sept 2017 top at 4950 together with the 76.8% retrace. I expect BTC -9.89% to trade in this...
This is the long term projection of what, Bitcoin can do in the next 10 years, if we repeat history. BTC’s first run, from 2 dollars to 1100 dollars back in 2011-2014 had a duration of 789 days, if we repeat the history and have the same 637 days-long retrace as in 2014 from 1100 to 180 USD we could have a bottom of 4000 USD this season and start a new bullrun in...