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BCH/USD: 2 Bullish Structures Pointing Toward the Same ReversalBitcoin Cash is approaching an interesting area on the weekly chart where 2 different technical structures appear to be lining up around the same price level.
The first is a potential Elliott Wave triangle, with the market potentially completing wave (E) near the $112-115 area.
At the same time, there is a potential bullish harmonic pattern completing in essentially the same zone. When two different methods point toward the same area, I think it is worth paying attention.
The $112 -115 Area Is the Key
The chart shows a Potential Reversal Zone around $112-115.
This area also lines up with the rising yellow trendline, which gives us another reason to watch the level closely.
However, I would not simply buy $112-115 just because the pattern reaches the zone. I would want to see the price reaction and confirmation around this area. Although it will be essential a no brainer entry lol.
If the Elliott Wave triangle completes wave (E) and the bullish harmonic pattern completes at approximately the same level, a strong reaction could signal that the larger bullish move is beginning.
Potential Trade Setup
Based on the levels shown on the chart:
Entry: Around :$112-115
Stop: $71
Take Profit 1: $424.82
Take Profit 2: $800
Take Profit 3: $4,345
Take Profit 4: $9,500
The first target at $424.82 would be an important area to watch. If BCH can reach that level and continue showing strength, the much larger targets become possible.
What I Am Watching
The biggest thing for me is the $112-115 support area and the yellow trendline.
If price reaches the reversal zone and starts building a bullish reaction, it would give more credibility to both the potential Elliott Wave triangle and the bullish harmonic setup.
If BCH breaks decisively below the reversal zone and especially below the $71 invalidation level, the bullish idea would be weakened considerably.
Nothing is guaranteed, especially on a long-term chart like this. But having two different technical structures potentially completing around the same level, makes BCH/USD an interesting setup to watch.
For me, $112-115 is the level that matters.If the market confirms the reversal there, the upside potential shown on the chart is significant.
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AMTX: Bullish Bat Pattern Signals a Potential ReversalAMTX has reached a key Potential Reversal Zone (PRZ) between $1.45 and $1.50, where a Bullish Bat Harmonic Pattern has completed. After an extended decline, this area could mark the beginning of a trend reversal if buyers step in and confirm the move.
Trade Setup
Potential Reversal Zone: $1.45–$1.50
Entry: Wait for a bullish confirmation above $1.50, or consider scaling into a position within the PRZ.
Stop Loss: Below $1.25.
Profit Targets: $2.50, $3.50, $5.00, $10.00, and $14.50.
The setup offers a favorable risk-to-reward profile, but confirmation remains important. A strong bullish candle or increased buying volume from the PRZ would add confidence to the trade, while a break below $1.25 would invalidate the pattern.
With clearly defined risk and multiple upside targets, AMTX is a chart worth keeping on your watchlist over the coming sessions. 
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Ethereum's Bullish Bat Pattern Near CompletionEthereum's daily chart is forming a Bullish Bat Harmonic Pattern, with price now trading inside a key Potential Reversal Zone (PRZ). This area represents the completion of the pattern and coincides with a strong historical support level, making it a critical zone to watch for a bullish reversal.
A confirmed breakout from the descending trendline could shift momentum in favor of buyers, opening the door to upside targets at $2,800, $3,850, $5,000, and potentially $7,200 if the pattern fully plays out.
As with all harmonic setups, confirmation is essential. A sustained break below the PRZ would invalidate the pattern, while a strong bullish reaction could mark the beginning of Ethereum's next major upward move. 
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100,000$ per coin - BTC heading to 4th HalvingBITSTAMP:BTCUSD BINANCE:BTCUSD CME:BTC1! COINBASE:BTCUSD
What’s Bitcoin?
Bitcoin is a decentralized digital currency that operates on a network of computers, eliminating the need for intermediaries or central authorities. It was introduced in 2009 by an anonymous individual or group known as Satoshi Nakamoto, who outlined the concept in a white paper describing a peer-to-peer electronic cash system. Since then, Bitcoin has emerged as the leading and most valuable cryptocurrency globally, with a market capitalization exceeding $580 billion as of October 2023.
A notable characteristic of Bitcoin is its limited supply of 21 million coins, a threshold estimated to be reached around the year 2140. The creation of new bitcoins is regulated through a process called mining, which involves solving complex mathematical problems using specialized hardware and software. Miners compete to discover valid solutions that meet a specific difficulty level, adjusted approximately every two weeks to maintain an average block time of 10 minutes. The miner who successfully finds a valid solution for each block is rewarded with freshly minted bitcoins and transaction fees.
As of October 2023, the Bitcoin network has witnessed the mining of 813,378 blocks, with a current reward of 6.25 bitcoins per block.
Key Insights on Bitcoin's Price:
Recently, the mining of the 19.5 millionth bitcoin increased the circulating supply to 93% of the total. Additionally, a logarithmic regression analysis known as the rainbow chart illustrates the historical path of Bitcoin's price movement. This cyclic behaviour can be attributed to several factors:
Bitcoin tends to exhibit an overall bullish trend due to its limited supply and the halving of coins entering circulation approximately every four years. Historically, the Bitcoin halving has been a significant catalyst for price movements as it influences the supply-demand balance. The halving reduces the rate of new bitcoins being introduced into circulation while demand typically remains steady or grows over time. This creates a supply shock that often drives the price upward, particularly before and after the halving event.
Each halving period encompasses the mining of 210,000 blocks and exhibits distinct phases. The bullish phase spans from the first block to the 70,000th block, followed by a bearish phase from the 70,001st block to the 140,000th block, and finally a sideways phase from the 140,001st block to the 210,000th block. As previously mentioned, the halving diminishes the inflation rate of bitcoin and preserves its scarcity.
Bitcoin holds great influence over the entire cryptocurrency market due to its dominant market capitalization. This dominance follows a cyclical pattern, with the market share falling below 40% during bearish phases (after mining more than 140,000 blocks) and rising to around 70% during bullish phases.
During each era (between two halving periods), Bitcoin experiences an average drawdown of 80%.
Current Analysis:
We are currently in the third halving era, which commenced on May 11th, 2020, specifically within the equilibrium phase. The intersection of the mining of the 210,000th block and the lows of the logarithmic regression suggests a value of $30,000 USD per bitcoin.
The next Bitcoin halving is expected to take place in April 2024, at block number 840,000. This event will reduce the block reward from 6.25 bitcoins to 3.125 bitcoins, consequently lowering the annual inflation rate from approximately 1.8% to 0.9%. As a halving typically ushers in a bullish phase, it is predicted that the price of bitcoin will surpass $100,000.00 during this era.
Technical Analysis Using the MVRV Indicator:
One of the tools that can help investors and traders assess the value and potential of bitcoin is the MVRV ratio, which stands for market value to realized value. The MVRV ratio compares the current market capitalization of bitcoin (the total value of all coins at their current price) with its realized capitalization (the total value of all coins at their last moved price). The MVRV ratio can indicate whether bitcoin is overvalued or undervalued relative to its historical average cost basis.
The MVRV ratio can also be used to identify periods of extreme market sentiment, such as euphoria or panic. When the MVRV ratio is very high (above 4), it means that bitcoin is trading far above its realized value, implying that most holders are sitting on large unrealized profits and may be tempted to sell. This can signal a market top or a bubble territory. When the MVRV ratio is very low (below 1), it means that bitcoin is trading far below its realized value, implying that most holders are sitting on large unrealized losses and may be reluctant to sell. This can signal a market bottom or a buying opportunity.
As of October 2023, the MVRV ratio of bitcoin is about 2.110, which is slightly above its long-term average of 2. This suggests that bitcoin is fairly valued and not in a danger zone. The MVRV ratio has been trending up since November 9th 2022, when it reached a low of 0.75, indicating a recovery in the market sentiment and the lowest price of the 3rd Halving era. As we are far from the overbought level of 4, this suggests that there is still room for further growth in the price of bitcoin.
(These illustrations are just for educational purposes and are not financial advices).
Sources:
1. trustwallet.com
2. ieeexplore.ieee.org
3. nber.org
4. buybitcoinworldwide.com
5. bitinfocharts.com
6. nerdwallet.com
7. investopedia.com
8. buybitcoinworldwide.com
9. kitco.com
10. coinwarz.com
11. datawallet.com
12. blockchain.com
13. lookintobitcoin.com
14. bing.com
15. bitcoinmagazine.com
16. stopsaving.com
17. decentrader.com
18. trustwallet.com
19. bitinfocharts.com
20. nber.org
21. buybitcoinworldwide.com
22. cryptonews.com
23. finbold.com
24. inferse.com
25. buybitcoinworldwide.com
26. blockchain.com
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