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Bullcycle

Inverse Head and Shoulders Now Clear On Bitcoin ChartTrading Fam, It has now become apparent that Bitcoin has formed an inverse head and shoulders pattern on the daily. This is very bullish and should the pattern follow through, it gives some good long-range targets to shoot for by the end of this year and potentially, well into the next. Calculating our first target is relatively simple. We draw a measurement from the bottom of the head (that largest dip) to the neckline. We then move that measurement line to an approximated breakout area. This then gives us an estimated target of around 150k. I will say that this is a fairly sure target before the end of the year if and when that neckline is broken to the upside. Target number two should be that 350 DMA in my opinion. Bitcoin likes to kiss that 350 DMA in bullish markets. So, where ever that ends up being pricewise during this next upwards movement is a good target #2. I would estimate it will be at least 175-180k. But if we break that 350 DMA to the upside, then you will know the end of our bull cycle is drawing close. Bitcoin may blow-off here and generally would stay above that 350 DMA for at least another month or two. In our last bull cycle it remained above the 350 DMA for 5 and a half months. Selling anytime we are significantly above that 350 DMA pricewise and timewise is not a bad strategy because you will know we are nearing the end of our bull cycle at this point. I hope this post gives you some good long-term targets and trading strategies going forward. Personally, I will be looking to sell much if not most of my holdings once Bitcoin breaks above that 350 DMA. Of course, as always, I will keep you all posted when that time comes. Best, Stew
INDEX:BTCUSDLong
by stewdamus
2
EGLD's Impressive PUMP: Wait $35 RetestElrond (EGLD) has been the talk of the town lately, showcasing an impressive uptrend. However, as seasoned traders know, the real test of a rally often comes after a significant surge. In EGLD's case, the crucial level to watch is the $35 mark. Only after a successful retest of this level can we determine if the recent surge is sustainable. Let's dive into this vital aspect of trading. 📈💡 The Spectacular Rise: EGLD has been on a stellar run, attracting attention and enthusiasm from traders and investors alike. The surge has been nothing short of remarkable, leaving many to wonder about its longevity. The Importance of Retests: In trading, retests are critical as they help confirm the validity of a price movement. A successful retest of a key level, such as $35 in EGLD's case, can act as a strong signal that the recent rise is genuine and sustainable. Patience During Pumps: It's a common pitfall for traders to jump into an asset during a pump, often fearing they might miss out on further gains. However, the wise approach is to exercise patience and wait for a retest. This discipline can help avoid entering at the peak of a price movement. Trading Strategy: Observation: Keep a watchful eye on EGLD's price action, particularly around the $35 level. Patience: During times of excitement and rapid price surges, resist the urge to FOMO (Fear of Missing Out) and wait for a retest to confirm the rally's strength. Risk Management: Implement robust risk management practices, including setting stop-loss orders, to protect your positions. Conclusion: EGLD's remarkable surge is an enticing development, but prudence is key in the cryptocurrency market. A retest of the crucial $35 level will help determine if this surge is here to stay. As you navigate the exciting world of crypto trading, remember that patience and a keen eye for key levels are your allies. Stay informed, trade wisely, and may your strategies lead to success. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
🔄Decoding Bitcoin Cycles🔄The world of Bitcoin is known for its enigmatic cycles, and understanding these recurring patterns can be your secret weapon. Let's delve into the concept of Bitcoin cycles, where history often repeats itself. 📉📈 Cracking the Cycle Code Bitcoin's market cycles often display remarkable similarities across time. Recognizing this cyclical behavior can give traders a crucial edge. In each cycle, we typically witness a consistent sequence: a breakdown below key levels (often manipulated), followed by a strong uptrend and a retest of those very levels. The Deceptive Start It begins with a sly maneuver, a breakdown that plunges prices beneath key levels, triggering uncertainty and fear. It's a tactical move that shakes out the unseasoned traders. The Mighty Rebound Just when it seems like all hope is lost, Bitcoin showcases its resilience. A powerful uptrend follows, catapulting prices upward and catching the shorts off guard. The Retest: A Pivotal Moment But the story doesn't end there. Bitcoin often revisits the levels it initially broke down from. The retest becomes a critical juncture. Will the price hold above these levels, confirming a new bullish cycle, or fall victim to a bearish reversal? Trading Wisdom: Identifying Cycles Understanding Bitcoin's cyclical nature is an invaluable asset for traders. It encourages a cautious approach during breakdowns, strategic long positions during the uptrend, and a keen eye on the retest. Conclusion: Mastering the Cycles Bitcoin's price cycles reveal a familiar pattern. It's a story of manipulation, resilience, and potential transformation. By recognizing and adapting to this cycle, traders can harness its power and navigate the ever-evolving crypto market. 📈 Trading Cycles | 🔍 Pattern Recognition | 📊 Risk Management | 🌐 Cryptocurrency Insights ❗See related ideas below❗ Share your insights in the comments, and don't forget to like and spread the wisdom of trading. Your engagement fuels our financial discussions! 💚📉💚
by Yaroslav_Krasko
"HODL" Mentality: Lessons for TradersThe HOMie Mentality: Buying at ATH Many novice traders, or HOMies, fall into the trap of buying a cryptocurrency when it's near its all-time high (ATH). They're influenced by FOMO (Fear of Missing Out) and jump into the market without a clear strategy. Market Dynamics: Understanding the Cycle Cryptocurrency markets follow a cyclical pattern of ups and downs. Novice traders often enter during the euphoric "FOMO" phase when prices are at their peak. The Emotional Rollercoaster: Avoiding HOMie Mistakes To avoid the HOMie trap, it's crucial to detach emotions from trading decisions. Create a clear strategy with entry and exit points, and stick to it. Risk Management: Protecting Your Investments Novice traders should prioritize risk management. Only invest what you can afford to lose, and avoid putting all your funds into a single asset. Education: The Key to Success Novice traders can transition from being HOMies to informed investors by educating themselves. Learn about technical analysis, market cycles, and different trading strategies. Conclusion: From HOMie to Trader The HODL mentality can be a valuable strategy when used wisely, but it shouldn't lead novice traders to make impulsive decisions. By understanding market dynamics, managing risk, and educating themselves, HOMies can transform into informed traders who navigate the crypto market with confidence. Remember, successful trading takes time and patience, and every trader, even the most experienced, started as a novice. 🌐📈💡 ❗See related ideas below❗ Don't forget to like, share, and leave your thoughts in the comments. 💚🚀💚
Education
by Yaroslav_Krasko
1
BTC First Time Above the Clouds on Daily since Bear StartedJust pointing out that we have broken above the Ichimoku clouds for the first time on the daily since falling below them in November, 2021, when the bear market began. This doesn't necessarily meant he bear is over. The last bull run, the cloud broke TWO times before we started the bull. However, in the 2018 crypto winter bear, which the current bear is much more resemblant of, the bear ended the first time we broke through the clouds. The first cycle, it took a couple times. This recovery looks very strong though relative to historic piercings of the clouds. Very torn right now on what will happen in the next little while. After 2 weeks, if we maintain our position above the cloud, as it turns green, then I believe we will be in another situation like 2018 when the first pierce above the cloud was indeed the end of the bear.
KRAKEN:BTCUSD
by D-Rock_Anomaly
TOTAL 2 starting new cycle ? ♼Hi everyone, wish y'all have a profitable life. 🕊 📍 As we have the TOTAL2 chart here, I personally think about a new cycle on the rise. The previous cycles have already been finished through 0-1 ; 1-2 corrections. 📍 We had an extremely important resistance line above the TOTAL 2 chart which held the further rise. However, we may have already finished the smaller correction and see a new cycle. 📍 I wait for the re-test of the resistance high or the pullback to the trend line. THIS IS NOT A FINANCIAL ADVICE
CRYPTOCAP:TOTAL2Long
by C_EWAVE13
1
BTC Realistic Bullish Scenario Outcome for this CycleHi everyone, My chart really explains it - we're likely in a falling wedge with the obvious bull trap in early Nov and bear trap just a few days ago. Market is looking reasonably healthy as this whole rally has been pushed by spot trades. Note the RSI reflects my falling wedge perfectly in the price chart. We really should see it break out before December 12th - higher chance to the upside according to this idea. I don't see $100k this year but I do see mid $80k as a top for 2021 before the next leg up in February which should be our blow off top. Then again this is crypto so who knows what will happen. Obviously I'll reassess my analysis as we go along but my gut instinct is telling me this is the likely scenario to play out. But because everyone is expecting $100k this year, I don't see the MM's letting it happen. And because everyone expects $200k by Feb or March next year, I also don't see that playing out. In any case, just get a strategy ready at hand and be smart. Don't be stupid with your hard earned fake internet money. Will be fun to see how close (or far away?) I am :D
Long
by yas_btc_eth
2
BTC Last correction before MEGA PUMPWe are experiencing a minor correction since the new ATH. So far we had a massive 1700% pump since the beginning of 2021. This correction only costed us only 13%. Compared to September 25% correction this is a minor correction. So what's next??? If we compare the 2017 bull run we had similar corrections during September and November. We experienced a massive 30% correction in November before BTC pumped 148% to reach its new ATH. Which was exactly at Fibonacci 2.618 (from early 2017 dip to Nov ATH). If we look at 2021 history just repeating very similarly. If we follow the same as the 2017 bull run, This is the last correction before the mega pump. So how far we can go? If BTC follows the same pattern as the last bull run, Fibonacci 2.618 at $169k with 153% from current ATH (Estimate) This prediction is purely technical and analysed using historical data. This is not financial advice, Please DYOR
BITSTAMP:BTCUSDLong
by CryptoCafeClub
1
You must see the past to understand the futureI'm posting this to the followers of The SHARK... we must consider the history of wild advances and horrific declines to keep perspective along the way. Most don't realize profits because of the harsh corrections that you will see noted in the chart. Bull markets In Crypto have always been followed by 80% downturns that can last up to a year and sometimes two. You have two options. 1-BUY and Hold for the longterm and be ok seeing your account diminish and continue to add. This takes lots of emotional control and patience but has also proven to make the most money over time. 2- Know that you will not sell the top or buy the bottom perfectly. But with precision you can add to your holdings over time. Either way you play this game you must respect both the advancing and the decline cycles. The decline seasons are where the real money is made. It's the seasons nobody likes but the real traders do as we secretly stash piles and stay patient for the next cycle to come. That's always how and when the buying is done not here now. Nothing goes up forever without corrections. You also must consider that assets have a law of diminishing returns. Similar to going on a new rollercoaster.. you will never feel the same way you did the very first time your rode the ride. Bitcoin will not 638x or 621x ever again. The good news is we still have several more cycles for us to 5x left in my opinion. Keep perspective over the next couple weeks as you will start to see some glimpses of the "Euphoria phase" where you can start to believe some of the wild targets and things people say online that aren't seasoned traders. Every seller needs a buyer and you need to get out at the right time to protect your profits. If you are going to continue to Hold and keep buying make sure you don't buy too soon. Look at the chart as guide. You are waiting for the 80% correction before you start laddering in. The-Shark is here to help you. When you see the big moves this week remember to stay humble and keep your eyes focused on your personal plan to keep yourself prepared. Time and Patience always wins out in Crypto. We have about 1-4 months left on my watch for this bull cycle.
COINBASE:BTCUSD
by Bronson-TheShark
1
AIOZ/USDT on an uptrend potential 10xAIOZ is a low cap (31 Million) blockchain-based content delivery network similar to THETA (6 Billion market cap). This coin has great potential to go 10x 50x even 100x in this bull cycle. It has been maintaining a steady uptrend since July 2021. Currently, 50 MA acting as support and 21 EMA as resistance. If the daily candle closes above 21 EMA then we can see a bullish move to the top of the trend line before the next correction. If the trend breaks downward next major support is at 0.2685 so manage your risk accordingly. If the trend breaks upwards then we will see a massive bullish move. This is not financial advice please DYOR - aioz.network
Long
by CryptoCafeClub
1
BTC/USD Bullrun Exit StrategySo far this bullrun is following the same/similar pattern as the previous (2013 and 2017). September has been a bearish month on all bullruns. But on the bright side, September has been the last stop before the 2nd wave of the bull cycle. There are so many price predictions on BTC but the key thing to notice is the RSI on the monthly chart. That's the best way we should plan our exit strategy and banking our profits in this bull cycle. In previous bull cycles, we hit the bear cycle after BTC hitting the 90 RSI twice and so far this bull cycle we hit only once. And 2nd wave towards 90 RSI happens after the September correction. So we could see a massive pump from here. But we need to keep an eye on the RSI to prepare the exit. Wait for the 2nd hit and take your profit. Look at the 2013 bull cycle is a mirror copy of this bull cycle and 2017 is very similar. This is not financial advice please DYOR and have a good bullrun
BITSTAMP:BTCUSD
by CryptoCafeClub
4
BTCUSD - 2013 vs 2021 - Similar or not?Hi guys, back with another Bitcoin publication after a couple of months of inactivity. Not because nothing happened, but because my previous analysis is still valid. Anyway, I thought I'd make a comparison between the 2013 and 2021 bull markets, as it is striking how similar they are. Let's start with sharing a screenshot of the 2013 bull run, some annotations that are important are made on the chart: Now let's put the 2021 bull cycle next to it, including annotations : Now let's see what are the similarities : Halving occured before previous ATH was broken No immediate effect after the halving, only a few weeks after Hardly any hesitation when breaking above previous ATH Rise to the 1.618 reverse fib extension without much troubles Decline to the 1.272 extension and bounce to the upside There are some differences too : The 2013 bull run took less time We did not break above the 1.618 fib yet in 2021 ❓ So why does the bull run take more time? The most obvious explanation is that the market has matured compared to 2013, we have BTC futures now that can temper price movement and overall I think people are a bit more cautious as well. ❓ What will happen IF we break above the 1.618 fib? If we break above that fib level, and history repeats itself, then a rally to the 2.272 fib, just like in 2013 would not be out of the ordinary. In case that happens, we'd see a high of around 200k USD. 💡 If and when we'll see that is the question, history doesn't always repeat itself, but if often rhymes. As to the when (in case it does happen of course), my best guess is that it would be in Q2 2022 .. But ... this is Bitcoin ... so anything can happen. 🤯 👦🏽Now it's your turn. What do you think of this analysis/comparison and what are your predictions? 💌 Share your thoughts in the comments below. Oh, and if you like this publication ... you know what to do 👍🏽 Thanks for reading! Constructive feedback always welcome! PS : if you found this interesting, you might want to have a look at my other publications below as well.
COINBASE:BTCUSD
by Profit_Through_Patience
175