Bitcoin has a very clear 4 year halving cycles which it followed all previous years.
Top of each cycle comes to November-December. Bottom forms 1-1.3 years after that top.
Bottom consolidation period usually correlates with 0.5-0.75 period of bearish cycles which corresponds with December'22-June'23. Since it doesn't yet look like BTC had final capitulation I believe we should see the bottom in the beginning of 2023 year (March-June). Most probably it will be 10540-12500 zone (see week cha
Long term $BTC is bullish and I have no doubts in my Halving Cycles chart with top projection for Q4 2025
Mid term weekly chart shows slow in momentum which may lead to two equally possible scenarios: 1) Side range for bullish consolidation 90-105k 2) Range with flash dip to CME gap at 77k and then bounce back up
P.S. I don't think that in case of range consolidation we will see same long period as was previous for 8 months. No. It will take less time. Still it can be several months.
Lines on #Bitcoin chart: 🔸101200 - last week close 🔸99660 - November high 🔸96760 - developing Q VAH 🔸96475 - November close 🔸91958 - developing Year VAH2 🔸77200-80260 - CME Futures gap
Friday BTC dominance closed with bearish candle (long sell tail and downclose body). This should bring that bearish momentum to weekend and maybe beginning of the next day.
On other hand now it landed back to week 20sma, so that can be bullish re-test move for BTC.D - lets stay cautious. Its a strong level and short term bounce highly possible. Same as re-test of that sell tail within nearest week (even if it will dump after).
Yesterday there was still a chance for "green scenario", but today closed all questions. BTC dominance have chosen violence and blood. Next stop ~60.25% and pray to crypto gods it will stop there. That will give a chance for another altseason. But if grow above 61.5% alts market will be destroyed.
I followed the trend and therefore counted on more bullish response from the market, but last 2 days (+ how it looks today) force me to admit, that $BTC have finished with that swing up and now preparing for correction within high TF uptrend.
"What? Wasn't these 2 days dump a correction?" - you may ask. And the answer is - no. There is a CME gap at 77k and breakout level at 74k, so there is much more space for pullback. But even if #BTC gets there, it will still remain within monthly uptrend, so that PA won't break Bitcoin cycles idea of top in Q4 2025.
The only thing not clear is how long that correction will take. Usually dumps happen fast, so 82-85k can be reached within one week time. Short term I expect everything to bounce soon, as at lower timeframes BTC made 4 waves down. That most probably covers weekend. But next week can be very bloody again.
On that dip #Ethereum touched developing year VWAP VAH and now above Q VAH. ETHBTC still keep chances for reversal from grand downtrend on week timeframe (although can drop 4-5% more). And as I described on Tuesday, this can become the bottom of wide consolidation range.
So I think in general situation doesn't look that bad. Open question is if BTC done or do another drop by ~5% to ~96.5k which will lead to $ETH drop by 8-13% from CMP at least. Talking about 3200-3360 target zone.
Meanwhile sure target for a bounce is 3800. Will be there before or after the drop. Doesn't matter. Level will remain a magnet for price.
$AVAX has such a clear trendline, that was already tested 4 times, that I have no doubts it will be crossed down. Next zone worth watching is around ~36-38
$BTC followed bearish momentum and dipped lower to Day 20sma ✅ But it wasn't crypto alone - stocks and gold also crashed. Everything moved together.
Before zooming in lets review higher TF. Month still bullish, while week chart slow down in momentum after growing by 62% from the beginning of November. So if #Bitcoin close this week same way, high chances to see some kind of correction within nearest 2 months. Can be a sharp move down, can be a slow pulling back with lower TF dips and pumps, till it shake every retailer out and resume higher timeframe uptrend.
Short term: two levels I'd like to mark out. The first one is SR around 103k which previously stopped the dump, but failed to do so on the second approach. Now it acts as resistance. Another level is Tuesday low - on day chart #BTC formed a FVG up to that price, so logical to assume it will try to cover at least half of it on the bounce. It also correlates with developing Year VAH3, so that will be bearish re-test (if gets there).
$1MBABYDOGE - if you try to imagine more stupid name for meme coin, you will fail. Still it got pretty much volume/interest on the pump and now in correction. Zone around 0.0417-0.00438 formed strong resistance and can be a target for future longs which I believe make sense around 0.0032-0.0035 zone (on re-test of breakout level).
If that coin resume bullishness, it can break through ~0.0042 zone on the way back and pump to 0.0051-0.0055
$BTC dominance haven't yet broke out weekly 20sma. And so far from week timeframe that remains bear re-test that can lead to further correction.
For alts same means that if BTC.D stop here, everything will pump. If it breaks out and get rejected - everything dips and then pump. The only scenario when everything dies, is when BTC.D pumps and start trading above Week 20sma. That will lead to hard crypto winter.
$BTC took another dip to developing Year VAH3. Last 8H candle was pretty bearish, so I think there is a high chance to see it dip lower. In order to stay bullish for the rest of December Bitcoin got to find support within nearest support zone left from December 5th PA (taken from 1-4H TF).
If that won't happen, possible correction that will be visible at higher timeframes - week chart shows it clearly how far price went up without any major breaks in momentum. So if price is losing that bullish momentum, at some point it can drop really hard, maybe even down to CME gap.
Despite that move BTC dominance still consolidates under weekly 20sma and that still may lead to breakout impulse (regardless how it ends). Previously I thought it should be caused by #Bitcoin pump, but it can be dump as well. So be careful out there with longs. Although I still think that BTC.D breakout impulse can be a nice moment to load alts on the dips.
Lines on the chart: 🔸104460 - week close 🔸104300 - dev Year VAH3 🔸101200 - last week close 🔸99660 - November high 🔸96475 - November close 🔸95890 - developing Q VAH 🔸90884 - developing Year VAH2 🔸77200-80260 - CME Futures gap
$BTC taking a dip, but it is still within uptrend, so dips are for buying. I think it will continue to 104.5-105k at least. The rest depends on PA there
#Ethereum wicked above March high on Monday. But after the move returned back to last week open, so currently on Week chart it looks like a small undecisive green doji. If there will be a fast bullish continuation, it better happen soon, as otherwise $ETH can drop down to cover previous week long buy tail.
If it drops there is still a very bullish scenario of #ETH forming a huge bull flag on week chart. But the range for that consolidation will be very wide, from ~3555 to ~4100. Imagine chop chop of that scale =)
P.S. Last forecast for range trade succeeded - dipped first, then bounced to ~3900 and higher
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On this dump $ETH touched developing Year VAH again. I think that day left wide range for volatility that will push ETH price both to ~3550 and ~3900 at least once again. Can't say about the sequence of those moves. Whatever happens first worth entering in the opposite direction.
P.S. Both #Ethereum longs I gave now closed. One made up to 2.8 RR (16.5%) and second up to 5.1 RR (10.4%). Values calculated from the worst (=top) entries.
💡 Note that 10% move in fact made almost double profit of what made the first entry in terms of rewards. That is why percentage doesn't matter (ignore PNL cards). Matters only the size of risk you take. And that is defined by distance to SL
$XLM alarm triggered at 0.37 and since then it grown by 25% and IF that was the bottom of bull flag consolidation range, it will grow much higher. If it wasn't, you are safe with stop at breakeven, as there couldn't have been better entry than this 🎯
I know that my TA is not as fun as following FOMO-kings pushing you to buy something that already pumped. But I have alarms for you in my TG👌🏼😎
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Detailed analysis on where to buy $XLM dips 👇
#Stellar pumped so high, no one have expected. Now the question is "will it grow higher?" and "where to buy it to be in profit?" First of all, never buy long green candles. They tempt you, but that's a trap. We should look for SR levels left behind that were skipped on the way up. Then check Fib, so that we don't buy too high or too low. Then remove zones that already were re-tested. So we remove 0.618 at 0.427
Now we have: 1) 0.37 for month range middle and OB from November 2021 2) 0.30 for 0.382 Fib and OB from December'21 3) If none from above pump in volume, then the last one at ~0.22 for OB from March'22 and 0.236 Fib
Re-test of developing Year VAH3 and another new ATH done ✅ Not much to add to this chart. It's in uptrend which is clear and strong at all timeframes from 4H to monthly. No sense in thinking about top until it is formed. And to one $BTC has to do a strong bullish impulse. So that adds even more confidence that there will be a higher price in December.
#Bitcoin dominance still consolidates under weekly 20sma and that may lead to breakout impulse (regardless how it ends). This should be the same moment when BTC pumps. The same moment alts will dip and most probably it will be one of the best moments to buy the dips.
Lines on the chart: 🔸104460 - week close 🔸103772 - dev Year VAH3 🔸101200 - last week close 🔸99660 - November high 🔸96475 - November close 🔸95451 - developing Q VAH 🔸90494 - developing Year VAH2 🔸77200-80260 - CME Futures gap
$METIS made up to 161% from our buy zone I've shared in August 👍
Now I believe there is a good chance to see it dip once again to ~50 which can be the first entry and if that won't push it back up, then next DCA zone is around 41.
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Binance Will Support the $METIS Network Upgrade & Hard Fork
#METIS been in downtrend for almost half a year and finally reached strong support at ~25 which gave visible volume on the dip. So same level can be taken as stop loss condition for spot entry. Drawn setup with entry under 30.5 is for 2.5 RR but not limited with that reward.
Dip to 100.5k was enough to gain liquidity for $BTC to breakout developing Year VAH3 and make new ATH 🚀 Uptrend continues.
As usual we may and should expect pullback to same dynamic SR level for bullish re-test. Green area on my chart correlates with December 5th sell tail top from 5 minutes chart. Pretty wide zone for such timeframe and it had most of volume. So to stay bullish and continue growing fast #Bitcoin should stay above - then it becomes double support.
Unexpected scenario. The one no one expects, which makes it absolutely realistic (even though I don't see it coming yet) - loss of dev Y VAH3 and dump to Daily 20sma. The more days it takes the higher will be sma and less bearish that scenario becomes.
Lines on the chart: 🔸104460 - week close 🔸101200 - last week close 🔸99660 - November high 🔸96475 - November close 🔸94982 - developing Q VAH 🔸90105 - developing Year VAH2 🔸77200-80260 - CME Futures gap