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Crypto Market Bottom based on total market capMarkets tend to hunt liquidity and so there are often gaps that need to be filled before the market moves on. In summer 2021 the market went back to fill the gap shown as "A". We printed many daily candles in there, exhausting selling pressure. We found a bottom and moved on. On the way down area A is considered "exhausted" therefore the market has no interest to debate again over the same area. Bulls won, they took us to 3T, they failed to go higher and so their reign was over. This is why our stay in area A on the way down was short-lived. It's summer 2022 and the market has finally reached contested area "B". Bulls and Bears will once again fight for this area. The winner will show us the way! (If sellers are exhausted in this area, we have our the market cycle bottom)
CRYPTOCAP:TOTAL
by Athantonios
1
Is NIFTY50 in correction or crash mode?Update on last 4 NIFTY Predictions : 4/4 Correct with precise targets. EMA150 is very curious. In the 4 drawdowns of bear markets, it has touched when it was a crash It bounced off from around 25% when it was just a correction Sep 2022 - Looks like make or break. Coincidentally US Recession is more or less confirmed that month since June quarter GDP data is out. (2 Q -ve GDP is Recession) EMA200 and EMA100 were conclusively broken or untouched at monthly for me to make any assumptions.
NSE:NIFTYShort
by NiftyPredictor
⚠️⚠️ ✔️ OR ❌️ ? Is it the bottom for #bitcoin? ⚠️⚠️Building on my previous $BTC logarithmic regression chart, there has now been an almost perfect bounce off of the yellow, dotted, inversion-curve line. This coincides with daily, weekly and monthly RSI's being at extremely oversold levels with the 4hr RSI moving down into oversold territory. Personally, all my limit orders were hit perfectly so it seems I may have at least bought "A" bottom here. This abrupt price drop also has now created a broadening edge pattern, which typically will break to the upside when formed at the bottom of a downtrend. All of these confluences may just spell the final bottom price for $BTC in the short term and validate my "inversion-curve" theory. Of course this can still be invalidated by a close below the inversion-curve line. If that occurs, I would still believe an inversion could be possible, but over a much longer time period. In that scenario, my target range for a price bottom would be between $10,770 & $12,694. #btcinversion #btcbottom *These are my personal opinions, based on chat data. This is not financial advice.*
BITSTAMP:BTCUSDLong
by DoozerInvest
2
FANTOM the last chance (bottom) and the range market 📖🚀Hello 🐋 Based on the chart, the price is close to the major support (bottom) or better to say the previous zone that started its amazing pump to the upside ✔️ we expect to see gain besides the range market is acceptable scenario too 📖💡🚀 and if the price break the rang area to the upside, we will see more gain 🚀 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
4
POLYGON (MATIC) the last chance and the range market 📖🚀Hello 🐋 Based on the chart, the price is close to the major support (bottom) or better to say the previous zone that started its amazing pump to the upside ✔️ if the price breaks the trend line to the upside, we will see more gain besides the range market is acceptable scenario too 📖💡🚀 and if the price break the rang area to the upside, we will see more gain 🚀 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
MLong
by MadWhale
5
Did Bitcoin find its bottom at 20k?At times, markets go unprecedentedly low. Now is the time that Bitcoin has hit the lowest possible in about 545 days - this is a unique matter of study for future mathematical observation of the market. It can be the most potential low. If there's a breach at the 20k level, 18.3k support should hold firmly. If that level is violated, then the 15.3k must validate for a firm return in the worst-case scenario. What I truly believe is that we've found the bottom at about 20k as per algorithmic fundamentals, just awaiting for the confirmation. No rush here.
COINBASE:BTCUSD
by coreSATS
2
Bitcoin bottom is near IMOEvery time the 20 week SMA (Yellow Line) crossed down over the 100 week SMA (Red Line) it marketed the Bitcoin bottom within a few days. These two averages just crossed so the bottom is either in, or will be in be in soon. Also, Bitcoin has never closed a weekly candle below the 207 week SMA (Orange Line). Lastly everybody is screaming for much lower prices and as we know Bitcoin rarely does what everybody wants. I'm still adding to may Bitcoin bags below $21K as this seems to be a historical area to do so. Good luck! BBS Out.
INDEX:BTCUSDLong
by BitcoinBearSlayer
Aproaching the bottom of a major 40M nominal wave in BTCWe are moving closer to the expected bottom of 3rd harmonic (13M) of the major 40M wave. Although we have seen some bounce, we seem to have already broken Valid Trend Line for a short 5W and 10W waves, the VTL of longer bands like 20W and 40W wave have not been broken yet. We will be looking forward to have both 20W and 40W Valid Trend Lines broken - the confirmation that the bottom of those two waves have passed. That will let us assume that the major 13M/40M bottom is already behind. Our target price is 11-13k USD coming 10th of August.
BITSTAMP:BTCUSD
by bartekhl
3
BTC will bottom at 12k, accumulation 12k and 19k, 2025 135kIf we break 20k and flip it to resistance then we will indeed go to 12k levels, where there is big support. This is possible from fundamental analysis 1. more rate hikes for about three quarters 2. stock market has not bottomed out, there is support coming in, though 3. borrow protocols like celsius and 3ac who needs to be liquidated 4. 4 year cycle respected Adam and Eve inverted pattern is also very strong, don't underestimate it
by Heartskull
100% Bounce Rate since 2013Fun indicator - Distance from the Moving Average (100 Daily) Price finds a way to get far overextended from moving averages before needing to dial back the momentum. Right now, the price has deviated far away from the 100 daily Moving Average. Every single time the distance from the MA reached this level, there was at least a 50% move upwards from that bottom. So, a 50% price increase makes my take profit area 30k. May the odds ever be in your favor.
INDEX:BTCUSDLong
by Ungovernable
1
Bitcoin 4 Year SMA. Best tool we have to call the bottom for BTCNotice the price action near the green & red lines. Look below the green line (23.61% Fibonacci), there are 2 grey lines and then the orange & the same thing when looking above the red line (76.39% Fibonacci). History shows us that we rarely go above or below the red/green line, and if we look to the right, it looks like it's trying to break below. When price action bounces off one of these logarithmic fib levels. That should be a very good sign that things are turning around. But you also gotta remember that anything is possible. With $BTC at the KEY LEVEL, fighting to stay above the green 23.61% Fib... The FOM C meeting could send us the right to the bottom of the channel. Coming down to that orange bottom fib would be around $18,000 - $20,000 depending on how long it takes to get down to that level. We also have the 4-year SMA (1460 Day SMA) being hit again for the 4th time since 2015 & each time we came down to the MA the bottom was in and we flipped bullish. One last thing... My 4 Year, 200 Week, 1460 Day M.A (whatever M.A you like better) is a heatmap, and if we take a look we can see that we have now stopped printing the teal/light blue & we now are starting to see some dark blue beginning to appear. This is just another signal to add more confluence towards the idea that we might have bottomed out & we could see a reversal in the not-so-distant future!
BITSTAMP:BTCUSDLong
by PlanDeFi
Why the market bottom is probably very close - USDT.D Observe the 10D (!) chart above. 1) Price is above the upper bollinger band. Candles don't often print outside bollinger bands and, if they do, the price quickly corrects inside the bands. In this case, the index should drop. 2) RSI. Look at the levels and what happened each time it hit them. Remember, this is a 10D chart (high timeframe) which means indicators print more powerful signals. However, keep in mind: A move outside the bands calls for a continuation of the trend, not an end to it. Often, the first push of a major move will carry prices outside the bands. (such is the case with the last move) On the other hand, a sharp move outside the bands followed by an immediate retracement of that move is a sign of exhaustion. Now, the long wicks above the last few candles printed signify that immediate retracement, in a way showing trend exhaustion. All things considered, I find it highly unlikely USDT dominance keeps rising. Inflation is still very high (no matter those clowns at the White House or the EU parliament saying they have it under control with a 50bp raise, like that is going to undo years of money printing) and crypto is growing (not necessarily good because the market gets more emotional and irrational when the average guy/girl plays a big part, but my point is that liquidity has and will keep rising). Probability wise (looking left at the chart), it is about time USDT.D drops and crypto starts rallying again.
CRYPTOCAP:USDT.D
by unknownpower