BITCOIN - BAKKT FUTURES TEST GOES LIVE JULY 22 - CryptoManiac101BTC / USD TA
Just because we have overall bearish pattern, does not mean that we can't just invalidate it. To keep an open mind on all different scenarios, best thing to do here would be to hedge your longs/shorts. Even though Bakkt is not pushing for public platform adoption until last fourth quarter and this is just a test, does not mean we will not see nice volatility pumps.
Bakkt
2012 Rally fractal comparisonWell here it is again, the good old 2012 rally.
So far, it still has some similarities. But unfortunately with fractals we can find similarities everywhere, so it of course will not magically tell us that this is exactly how the rally will look :/
But is still interesting to see. The gold fractal doesn't fit any more, because it would have needed to dump at 13k, but it just ignored that resistance.
So therefore maybe this fractal is a more accurate one.
With the Ledger X futures approval, and Bakkt not far away, I can definitely see this beast hitting ATH, or a bit above.
Then a few months of sideways, until the big one then comes next year right for halving.
However, we could also see BTC just continue to climb well above 30k directly from here.
I am quite unsure, since BTC is ignoring any TA at the moment, hehe.
But still fun to speculate.
Solve.Care : The Repeated Pattern0. Let me tell you in advance. There is no direction. The following is a strategy for chart patterns. Please note that patterns can break at any time.
1. Box 1, Box 2, Box 3, and Box 4 maintain similar patterns such as Eliot pulses (12345-ABC) and Triangular convergence in the process of creating C waves. The difference may be masked by whether it is upward deviation or downward deviation at the end of each triangular convergence. Box 4 If the chart is triangular converged at the current position, which is the last small box, it is likely to show a large fluctuation at the end just like boxes 1, 2, and 3. For we expect to see a rise in the long term, We can take strategy with reducing risk, buy chase or taking a risk, buy low price.
2. Fibonacci extension level 1.618 is keeping well. Marketing strategy according to Fibonacci extension level 1.618
- Target #1 : 0.00004408 satoshi
- Target #2 : 0.00004780 satoshi
- Target #2 : 0.00005424 satoshi
- Stop Loss : 0.00003739 satoshi
Impact of CME Expiration Date on BTC*** This article is not for sale or buy.
The CME expiration date has a major impact on BTC's trend transition. Inverse head and shoulders pattern & CME expiration date, Triangle pattern & CME expiration date.
1. Current Coin Market Status
- Coin Cap : 179 Billion $
- Bitcoin Dominance : 52.0%
- Volume by National Currencies : USD(36.5%), JPY(44.2%), KRW (4.09%)
2. The Comparison of Coin Market Cap
- Coin Cap : about 179 billion $
- Stock Market Cap around the world : about 50 trillion $ / 0.27%
- Korean Stock Market Cap : about 1760 billion $ / 10%
- Samsung Electronics Cap : about 240 billoion $ > Coin Cap
3. Futures Expiration date
1) CME : On the last Friday of every month at 4 pm / UTC
2) CBOE : On Third Wednesday of each month at 10 pm / UTC
4. The Long-Term BTC Forecast
- A similarity with the 2015 bottom & Influence of halving
- The rising curve by pattern
5. 2021, The bubble of new industry for overcoming economic crisis?
6. Around CME Expiration Date, since BTC trends often change or price fluctuations increase, you should look more carefully. The charts listed below are some of my previous analyses of how the CME expiration date has affected BTC pricing. Please check. If you liked this idea, please, 'Thumbs up', 'Follow', 'Comment'~^^
1) CME Expiration Date on June 2018 )
2) CME Expiration Date on July 2018 )
3) CME Expiration Date on December 2018 )
4) CME Expiration Date on March 2019 )
2015 bottom VS 2019 bottom*** This article is not for sell or buy. If you liked this idea, please, 'Thumbs up', 'Follow', 'Comment'~^^
If you look at the title, main chart, and secondary chart, you can easily understand. Therefore, the explanation is omitted.
[ ] 13.11 ~ 17.12 (about 1470d) >> 0.85% >> [ ] 17.12 ~ 21.05 (about 1250d)
---------------------------------------------------------------------
(1-1) 13.11 ~ 14.12 (about 400d) >> 0.85% >> (2-1) 17.12 ~ 18.11 (about 340d)
(1-2) 14.12 ~ 15.10 (about 300d) >> 0.85% >> (2-2) 18.11 ~ 19.07 (about 255d)
(1-3) 15.10 ~ 17.03 (about 500d) >> 0.85% >> (2-3) 19.07 ~ 20.09 (about 425d)
(1-4) 17.03 ~ 17.12 (about 270d) >> 0.85% >> (2-4) 20.09 ~ 21.05 (about 230d)
0. the comparison of indicator : 50MA, 100MA, 200MA
1. Current Coin Market Status- Coin Market Cap : $ 184 Billion
- Bitcoin Dominance : 53.4%- Volume by National Currencies : USD( 45.4% ), JPY( 39.0% ), KRW ( 2.0% )
2. The Comparison of Coin Market Cap
- Coin Market Cap : about $ 184 billion- Stock Market Cap around the world : about $ 50 trillion / about 0.37%- Korean Stock Market Cap : about $ 1760 billion / about 10%- Samsung Electronics Cap : about $ 240 billoion >Coin Market Cap
3. Futures Expiration date- CME : On the last Friday of every month at 4 pm- CBOE. : On Third Wednesday of each month at 10 pm
4. The Long-Term BTC Forecast- A similarity with the 2015 bottom &Influence of halving
kr.tradingview.com The rising curve by pattern
BAKKT DELAYED! Leg 3 coming according to Elliot Wave? Hi Guys,
We just heard that BAKKT is delayed (again), so will this unleash the bears again?
We are running up to resistence of the 20 week moving average and there is no buying volume to be seen. Therefore I believe we are going to see a big correction again.
The fist goal will be 3775, the old support, but eventually I think we must come down to the bottem of the symmetrical triangle, so that gives us the goal of 3675, also an extremely significant level.
Trade safe!
BTC coming to a pressure BOOM! mid this year or earlierSo we just have to look at the chart of the entire market cap...this one above to see what the overall picture is, and it is pretty much the same as the BTC chart but just a save all in one view for those wondering.
Look at the bounce of the 200EMA, with the 50EMA pushing down ontop of it....we are going to at some point come to a head, and someone is going to be the victor; Bulls or Bears?...With all the good news and overall things happening, products launching this year, I'm going to go on a limb and say it will be the tipping point this year we enter the 2019 onward Bull market.
So in saying that, following the current trajectory we can paint a picture around mid year if we tighten right up to stay between these lines, until it erupts out with an all mighty BOOM!...or we do a BOOM before than and start bouncing up and down like a liquid yoyo and play the "who is the best swing trader game".
All in all the picture looks pretty, and the MACD has made 3 very nive looking down bumps over the last year. 3 is the magic number for those wondering, and this means its a go to start imputing cash for the longterm college fund. Lightning network is out and working, and it is simply revolutionary as ppl are showing examples now online transfering money to buy things or pay bills as it clears instantly basically.
The future is here, and welcome to the New World Order, One Currency! . . . planned by the elite or played by the cyber punks, it is great no matter what...Goodnight
BTC pump! BAKKT is in buying action for March releaseHey fellow battlers. Well look at what we have here, a pump... FINALLY!
So why?...There is NO shocking news to make such a thing happen.... the trade action has been dead silent for a long time. But lets think about this, and what we learnt from the past...
In the past year we have had the rug pulled out from us more than once... Later we find out something got delayed or an exchange was hacked, etc. Bottom line there was bad news coming that smart people knew well in advance, which they acted on in advance and left us out to dry as the market got REKT.
This time we have a pump off the potential bottom...not just a move up followed by a rug pull-out... I mean a pump!
The indicators a lining up strong for more action, as they dont look exhausted to make a reversal. Is there something happening we dont know? We need to to think here...DO THE SMART PEOPLE KNOW SOMETHING WHICH THEY ARE ACTING ON?
I have seen some fundamental stuff saying BAKKT may actually make a March launch, and they have TRIPLED in staff in the past month(s)!! Now guys, the smart people act first, the charts are really moving properly, so lets think if this is early bird gets the worm type action. Is BAKKT buying up some BTC stock?...there is not a more perfect time than now when we think about it, and the day has to come at some point...that is 100% for certain, is this it?
If this is a move, expect a sell off at the strong resistance 200 EMA, and a buy back at cheaper prices before we do some wild wave action through 2019!...Lets see how this unfolds on the charts, and if fundamentals come into play. Timing it is perfect.
Final drop to 2900-2700$ USD to end the bear market HEY TRADERS!
Looking at some fundamentals coinciding with some technicals lead me to believe the current bear market is wrapping up.
1. The Launch of BAKKT in 2 weeks by ICE Intercontinental Exchange. The organization behind the NY Stock Exchange is launching Bitcoin futures, backed by 12 high profile investors, including Microsoft and pantera capital they raised something like 180million usd. This will bring in institutional money, pushing us into the next bull market.
2. CNY Chinese New Year takes a lot of liquidity out of the crypto market, which should drop the price in the short term bringing us down to Key support levels.
3. Approaching key historical support/resistance levels at 2900-2700 usd.
4. The 2014 bear market lasted 410 days, we are currently At 412 days, which in itself means nothing, but combined with the fundamentals and technicals at this moment may point to history repeating itself. Also the 2014 bear market retraced about 80% as well as the current bear market about 80% retracement.
The candle of the year 2019as the last monthly of 2018 is over, let's see what we have :
Well, the rsi that's just a little lower, and the stoch that should join him next month with a new candle.
One can also notice the bearish div between April 2013 and fev / March 2014 on the rsi and stoch, which had caused the decrease, and then a bullish divergence between July 2013 and March / April 2015 which brought the bitcoin to its last ath.
So now we have a June/July 2015 raise div to now on the rsi which could take us in 2 years to its new ath, since every 2 years so far it does its ath before the downward trend.
Bulls & Bears prepareBreaking out of the falling wedge I'm expecting sidewards movement for the next couple of days as the bears and bulls take their positions for the next big movement. If the support is broken, I see ~2500 for Christmas, if resistance is broken, I expect a run up to 5500. Using the Elliot wave is think this latest fall was Wave 5 : The Final leg in the direction of the dominant trend. (Zoom out to see where I've place 123&4)
I've also left the Bakkt release date in the chart, I still think that it has the potential to be a catalyst for some big price movements once its up and running. It's going to be an interesting start to 2019!
BTC In the midst of correctionToday BTC felt down to all time low in 2018 with price range from 5000 to 3800. Hence, the bearish waves shown indicated BTC is still progressing on short continuation.
TA use for this is Icloud, Stoch RSI and MACD. All indicators were favors towards bearish sign. There is no support line that solely shown for retrenchment.
The limitation on TA conclude further trend on bearish side with assumption support line based on 2017 bullish are 3000, 2000.
From previous records it seems that BTC will on going
new phase for huge financial investors if price keep roaring sorrow. Another perception view on BAKTT told the delay of ETF approval might endure the bearish waves on 2019.
I think BTC will find its consolidation \ correction phase within a month. Due to margin capability of FIAT exchange the market was extremely unpredictable; who knows by the way. My strategy is wait on sideline until confirmation for bullish\consolidation appeared to avoid catching the falling knife. Unless margin short is your preferable.
For the holders you haven't lost yet if you didn't sell it
Zcash - ZEC pattern movementDaily chart showing a formation that is happening, starting with a leg down before going back up.
IMPORTANT NOTE:
-There is a possibility that ZEC will be added to coinbase, which might pump the price up earlier than expected and invalidate this chart.
-The BAKKT release date is also coming in decemer which will slowly start hyping the BTC price up -> which indirectly also will kickoff ZEC.
(This is not financial advice, this is a volatile market where anything can happen)
Total Coin Market Cap : 2014 vs 2018 -(2)Caution) The main chart above is for BTC. The Coin Market Cap chart is in the comments below.
- If you like this, please "follow" and "Like"~^_^
1. Total Coin Market Cap
2. A Comparison of Total Coin Market Cap : 2014 vs 2018
3. BTC Cap(red) vs Alts Cap(blue)
4. A Chart for Futures(CME, CBOE), Pattern and etc
1) The Comparison of Coin Market Cap(Coin Cap : about 180 billion $)
- Stock Market Cap around the world : about 56 trillion $ / 0.36%
- Korean Stock Market Cap : about 2000 billion $ / 10%
- Samsung Electronics -3.07% Cap : about 250 billoion $ > Coin Cap
2) Current Coin
- Coin Cap : 180 Billion $
- Bitcoin. Dominance : 53%
- Volume by National Currencies : USD(55.2%), JPY(39.8%), KRW 1.56% (2.4%)
- coinmarketcap.com
- www.coinhills.com
3) Futures Expiration Date : CME, CBOE
- CME Expiration Date
- www.cmegroup.com
- www.cmegroup.com
- CBOE Expiration Date
- cfe.cboe.com
- www.cboe.com