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Fobonacci

BTC 2011-2015 pitchfork frames the market for $400k+ top in 2024This pitchfork combined with algo targets predicts a top of $372,000 - $610,000 by November 2024. But do we over preform to $1,400,000+ by July 2025? Last cycle I was left feeling like we didn't get the same performance as the 2017 bull market. Yes we seen craziness in NFTs and many newer alts, but Bitcoin and many other large caps seemed a bit lack luster. By the time 2022 lows came in it was obvious that the 2021 highs were a textbook Wyckoff distribution, the hallmark of sophisticated investors. To be honest I felt frustrated by this, maybe even a little robbed as I reminisced the 2017 blow off top. Looking back, I'm left in awe. This pitchfork using the 2011 low, 2013 top & 2015 low has framed the market for almost 10 years and the algo targets have been almost surgical. Just look at how the price has been reacting at the median line! The 2021 top should have been no surprise with multiple algo targets stacked + the outer edge of the pitchfork. Notice the 2014 - 2015 bear market and how it stayed below the pitchfork median line for a decent amount of time (oversold) and once it broke through the median line it consolidated above & retested it before going on the massive 2017 tare. Well this setup appears to be repeating. If you have been paying attention you would also know that the EFTs are currently absorbing 10x the daily mined supply with 5% of liquid supply brought up by the ETFs in the past 30 days... With the halving imminent, the supply shock is about to hit. Many people are predicting $100,000USD & the first algo target is $126,000 so I believe that's a given. But the pitchfork outer range & main algo targets are much higher at around $376,000 - $400,000. Given the setup I think these targets are highly likely. BUT with so much money coming in and such an illiquid asset, do we see a blow off top more like the 2017 bull market? If we do, the 1.618 outer pitchfork bounds, 1:1 range expansion & 3rd wave targets are stacked at $600,000 - in line with Ark Invests base case scenario & after that the next target is the 2.0 outer pitchfork range & 3rd wave targets at around $1,500,000 - just above Ark invests bull case scenario ($1,400,000). Thinking about the crypto market as a whole, I've seen people refer to the 2017 bull market as the crypto dot com bubble. But consider this; the dot com bubble topped out at around 2 trillion market cap & was largely a US phenomenon. Crypto on the other hand is a global movement but in 2017 it topped out at $850 million. Using gold as an marker for real inflation there was a 500% increase in prices during this time, so adjusted for inflation does it make sense that the 2017 was cryptos dot com bubble was only $170,000,000? Now you might be thinking "wtf are you talking about?? that's so unrealistic! that's not how inflation works and that's not how much prices have gone up!?!". If you are in this boat consider this: if in 1970 you purchased $15,000AUD worth of gold you would have received ~416 ounces at around $36 ea. at the same time you could have brought a house in Melbourne Australia & fully furnished it, paid all taxes and fees for under $15,000. fast forward to today, $15,000 buys you 4oz of gold & it wouldn't even pay the tax on a property sale. But the 416oz gold you brought in 1970 would now be worth $1,400,000 & can still buy a similar house in Melbourne. So I suggest that property value, rent cost & the price of gold give a more accurate indication of inflation than official metrics. Gold, in my opinion, is still playing catch up to the monetary damage caused during the pandemic, but even still using the current prices the crypto market cap would need to reach around $20T to be in-line with the dot com bubble, but factoring in the global nature and inflation yet to be priced in, I wouldn't be at all surprised to see it top out at $30 Trillion & $100 Trillion in a true bubble style blow-off top. Key Points 2011 - 2015 Pitchfork still framing Bitcoins price almost 10 years later 1.618 pitchfork marked the 2017 top First Algo target from 2015 - 2021 & second Algo target from 2011 - 2013 at $55,000 & $62,000 marked the 2021 double top 1.236 pitchfork boundary marked the first top in 2021 & the 1.0 pitchfork boundary marked the secondary high in 2021 First Algo target from 2020 - 2021 at about $126,000 Second Algo target from 2020 - 2021 at about $372,000 Second Algo target from 2015 - 2017 at about 395,000 1.382 Pitchfork boundary in confluence with algo targets for a November top 1st target for the 3rd wave comes in at $563,000 1:1 range expansion from 2011 - 2013 at $608,000 2.0 pitchfork boundary in confluence with algo target in September 2nd target for the 3rd wave at $1,500,000 by June 2026 The Trade? Do everything you can to acquire as much spot Bitcoin as you can while we remain in this re-accumulation range, then diamond hand it as long as you can bare. A trade with big flashing neon signs like this doesn't come up every day. Depending on your time horizon & personal objectives taking money off the table at key targets would be wise while leaving enough in for over performance. Remember to self custody, "not your keys not your crypto". D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES. Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS. This is not financial advice. These are just my observations. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else.
BITSTAMP:BTCUSDLong
by TribeWriter666
7
VETUSDT ANALYSIS As a novice in the realm of analysis, I've recently delved into analyzing VETUSDT using Fibonacci retracement levels on the weekly timeframe. My approach involves identifying key resistance levels and setting targets accordingly. Given my beginner status in analysis, I am eager to receive your insights and feedback on my method and conclusions. Additionally, I would greatly appreciate any guidance or suggestions you could offer to help refine my approach. Thank you for taking the time to consider my analysis and share your expertise. Your feedback will play a crucial role in my growth as a trader. Warm regards,
by alyazegia
Funny letters and numbers say woof? Or woof!I still haven’t read Investopedia enough yet so all I see is funny letters and numbers like RSIMACD16346473 and weird stuff like that but maybe it’s decision time and, well, here is some more artwork. Make of it what you will because I still don’t know. Look at the pretty colors! Disclaimer: The information contained on this account and in this post is not intended as, and shall not be understood or construed as, financial advice. I am not an attorney, accountant or financial advisor, nor am I holding myself out to be, and the information contained above or in this account is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.
COINBASE:SHIBUSDLong
by cryptonoob1776
SHIB: Your guess is as good as mine prob better!I don’t know what these funny letters and lines mean but here is some random artwork that probably doesn’t mean anything. I guess that seems pretty appropriate for Shiba Inu. Disclaimer: The information contained on this account and in this post is not intended as, and shall not be understood or construed as, financial advice. I am not an attorney, accountant or financial advisor, nor am I holding myself out to be, and the information contained above or in this account is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.
COINBASE:SHIBUSDLong
by cryptonoob1776
INJUSDT| Price Action Pennant| Swing High| 200 MA| Bull Trend Evening Traders, Today’s analysis – INJUSDT- trading in an equilibrium where a bull break is probable, Points to consider, - Price action impulsive - .50 Fibonacci S/R - Swing High Objective - 200 MA Dynamic S/R INJUSDT’s immediate price action is impulsive trading in an equilibrium where a break bullish is probable is the prevailing trend is of consecutive higher lows. The .50 Fibonacci S/R is considered support, holding this level is critical for continued momentum. The swing high Is immediate objective, exceeding this level will lead to a bull trend continuation, it is important that price action must hold the 200 MA. Overall, in my opinion, INJUSDT is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, “When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.” ― Yvan Byeajee
Long
by The_Alchemist_Trader_
2
XAUUSD 1703.25 -0.63 % GOOD DAY TRADERS.... HERE'S A SHORT IDEA ON GOLD > WE SAW A FALL ON GOLD WEAKENING TOWRADS 1700 AHEAD OF POLICY ANNOUNCEMENTS FROM THE 2 CENTRAL BANKS > GOLD BROKE THE SUPPORT LEVEL 1711.64 AFTER THOSE ANNOUNCEMENTS > WE MAY SEE A RETEST OF THIS FTR STRUCTURE BEFORE CONTINUING TO THE DOWNSIDE > IF IT PLAYS OUT THIS WAY WILL BE LOOKING FOR ENTRIES TO THE DOWNSIDE... TARGET1 - 61.8 % FIBONACCI LEVEL TARGET2 - 50.0% FOBONACCI LEVEL RISK MANAGEMENT PERIOD - SWING >> IF YOU LIKE THIS IDEA KINDLY LEAVE A LIKE AND COMMENT... KINDLY FOLLOW AS WELL FOR MORE SWING AND DAY TRADE IDEAS, APPRECIATE IT....
OANDA:XAUUSDShort
by PULEMokhothu
BTC.D | When ALT Season?| Key Levels To Watch!Hello Traders! Today’s update will be on the dominance of Bitcoin, where it has recently been rejected from resistance, will the dominance return back to trend line and continue putting in higher lows, or will it break support, allowing us to have a potential ALT season ? Points to consider, - Overall trend putting in higher lows - Major support at .50 Fibonacci - Major resistance at .618 Fibonacci - Stochastics projected upwards - RSI in neutral territory - EMAs providing resistance - Volume above average - VPVR holding dominance as support (largest cluster) Bitcoin Dominance has been in a strong uptrend since early 2018, putting in consecutive higher lows. Major support is found at the.50 Fibonacci level which needs to hold, if broken then lower level, the .382 Fibonacci, is more probable of being tested. Major resistance on the other hand is found at the .618 Fibonacci level, a break of this level will put in yearly ATH for dominance. The stochastics is projected upwards, can stay in these regions for an extended period of time, however does have lots of stored momentum to the downside, if BTC.D was to correct. The RSI however is currently neutral; it is hitting its resistance line, where a retest of support is probable. The EMA’s are giving BTC.D resistance at current given time, this needs to turn bullish when price tests trend line to keep a bullish bias. VPVR as of now is holding price as support, key cluster is being tested, and a break will increase the likely hood of testing the .50 Fibonacci. Volume itself is above average, this signals that there is currently very strong buying and selling pressure in the market. Overall, in my opinion, the BTC.D at current given time is more probable to test its overall trend line; this will put in another higher low. If BTC.D breaks support, then a retest of the .382 Fibonacci is highly probable, this will put emphasis on a potential ALT season. What are your thoughts on BTC.D as of right now? Please leave a like and comment, And remember, “Don't blindly follow someone, follow market and try to hear what it is telling you.” ― Jaymin Shah
CRYPTOCAP:BTC.D
by The_Alchemist_Trader_
RVN/BTC Re & Re Wave #3Hello Friends, Slight adjustments were made to this chart that I had previously published. However the point remains the same and thus nothing changes but a few minor adjustments were made as explained below. I noticed after the fact that I was missing the first wave correction fib. Also noticed that my fibs moved slightly, must of bumped clicked and they moved slightly (not much to make a difference) but however here is the correction to that. Take note the red 843 sats mark on the scale to the right was the 20 MA at the time of my last publication. The 834 sats is the green support stop loss where RVN bounced along "within" the bounce zone of the 0.618 fib retrace. This is just to be clear for those who like to be critical and can't see the forest for the trees. Cheers!
Long
by keifer
4