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Bitcoin-btcusd-btc

Bitcoin - repeat of previous cycle? FOMC correlation!Legend : Green: repeat of 2015 cycle Yellow: repeat of 2019 cycle Vertical Red lines: FOMC meetings Today 05/03/2023 with the FOMC Fed meeting over, I have highlighted all the fomc meetings as vertical red lines and if we assume a pullback similar to the previous pullback, it could coincide with what usually happens after FOMC meetings and also a retouch of the bull market support band (Horizontal Red line) is a healthier correction like in 2015 cycle. If Bitcoin follows 2019 cycle, there may not be any pullbacks for next few weeks with a parabolic rise to 40-45k. However, a repeat of 2015 cycle is healthier and sustainable. A repeat of 2019 cycle although can give a parabolic rise to 40-50k, it can fall back to 20k before next year having in April 2024. With the S&P bullish bias due to the signal we got for bullish trend, we can assume buying the pull backs on bitcoin can help with a healthier accumulation. I hope you guys are accumulating! If you need the Bitcoin prediction for the bull run after next halving in April 2024, let me know. I will publish my assumptions and forecast!
BITSTAMP:BTCUSDLong
by naveen31491
BTCUSD Double Buy EntryBTCUSD is on the MA50 (1d) with the RSI descending. On many metrics as well as the price action, it is following a pattern much alike the January-March. That dropped further to the MA100 (1d) and MA200 (1d) before making a new rally to a new High. Trading Plan: 1. Buy if the price crosses above the Invalidation trend line. 2. Buy on the MA100 (1d). Targets: 1. and 2. 35000 which is a 12.40% increase from the previous High as it did on March. Tips: 1. The RSI (1d) is what gives away the similarity between the two phases. Technically though, Bitcoin doesn't test the MA100 (1d) many times during Parabolic Rallies. Please like, follow and comment!! Notes: Past trading plan:
INDEX:BTCUSDLong
by TradingBrokersView
7
BITCOIN Never looked back after breaking this level!Bitcoin (BTCUSD) is above the Multiple 3 (black trend-line) of the Fibonacci MAs for the third straight 3W candle. Every time it did so, the price always hit Multiple 4 (yellow trend-line). This level is now at $43300 and rising. Do you think this is BTC's next target within a 6 month time-frame? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
7
BITCOIN The astonishing symmetry with 2014/15 shows $49k in NovOn today's analysis we look into Bitcoin (BTCUSD) on the 1W time-frame and compare the current Cycle with that of 2014 - 2017. As you see there is so far an astonishing symmetry between the two, with the price currently consolidating after almost hitting the 0.5 Fibonacci retracement level three weeks ago. For the Fibonacci calculations we have used the price top and bottom as suggested by the 1W RSI, which is the backbone of the analysis. This indicates that the Cycle Top (on RSI terms) was on the week of April 12 2021 (and not Nov 08 2021) while the Cycle Bottom was on the week of June 13 2022 (and not in November 2022, which was in the aftermath of the FTX crash). So far the three Phases have lasted almost the same time. If Phase 3 (yellow) ends this week on a 46 week duration such as November 30 2015, then on the next 1W candle we will start Phase 4 (green), which in 2016 lasted for 28 weeks and on its end hit the 0.786 Fibonacci level. As a result, this is a highly probable target, with the 0.786 Fib being at $49000 and the 28 week span ends on November 13 2023. With the 1W RSI pulling back after hitting the 70.00 overbought level in April, do you think BTC will start a strong Phase 4 next week towards FWB:49K ? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
39
BITCOIN How the VIX will push it (along with stocks) much higherYou may be wondering what Bitcoin (BTCUSD) has to do with the S&P500 index (SPX) and the Volatility Index (VIX). Well this chart gives you the answer and sets the tone for the remainder of the year and beyond. As you see Bitcoin (chart on the left) rebounded on the Higher Lows trend-line that started on the December 2018 Low (and only broke during the COVID crash). The S&P500 (chart in the middle) is following a similar pattern as its Higher Lows trend-line (that only broke during the U.S. - China trade war and the COVID crash) held and gave the index a push last October. At the same time VIX (chart on the right) has been holding its Higher Lows trend-line up until this month (April). This bearish break-out implies that the index that measures the market volatility will most likely drop further indicating a decline in uncertainty and setting a risk-on tone for stocks and crypto alike. The lower the volatility, the higher risky assets such as stocks and crypto trade. Do you think that will be the case for the rest of the year and probably beyond after this bearish break-out on VIX? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
1
BITCOIN hit the 1D MA50 after 40 days!Bitcoin (BTCUSD) hit yesterday (and closed above it) the 1D MA50 (blue trend-line0 for the first time since March 13. At the same time it almost touched the 0.618 Fibonacci level of the Channel Up, which has been the last level of Support before the bottom of the Channel Up. The key here are the 1D RSI and LMACD indicators. We've placed both on the same pane and as you see they both imply that we may be in a similar spot as March 07 - 10. Whether we get a macro catalyst (it was the Credit Suisse crisis then) that will pull the price back to the bottom of the Channel Up or not, that remains to be seen. If BTC closes a 1D candle below the 1D MA50, it is possible to see that last pull-back to the bottom of the Channel Up. If not, expect a rebound from current levels. In either case, our target is 33000. Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
3
The not-so-sexy truth about bitcoin's next bull runRemember when bitcoin made you rich over night? Unfortunately for BTC maximalists, those days might be history. Fact: Each of the last 3 bull runs has been approximately 19% of its predecessor. The last bull run ($3124 to $69K) was approximately 22.09x. What's 19% of 22.09x? A measly 4.2x. So, if we assume the bottom is around $17.6k, the next top projects to be around $73.9K. That's a whopping 7% above the previous ATH. I still think $100K is possible, or even probable in a blow-off-top scenario. But if you're an investor under the age of 60, I wouldn't bet my retirement on old bitty. From a trading perspective however, 4x is a layup, practically guaranteed.
INDEX:BTCUSD
by reees
10
BITCOIN Cycle Phases in a very demonstrative way!post, we are looking into Cyclical phase and demonstrate them in a way like you've never seen before! Each Cycle consists of the Bear (red), Transition (blue) and Bull (green) Phases. The Bear Phase ends at the bottom of the Cycle, where the Transition starts and typically after the price breaks above the 0.786 Fibonacci retracement level, the Bull Phase starts. At the moment BTC is above the 1W MA50 (blue trend-line), has already started its Transition Phase and is expected to stay within it, until the 0.786 Fib breaks. Technically this may not happen before the next Halving (4), which due on May 2024. If it breaks earlier, expect the next Bull Phase (which is usually the most aggressive/ parabolic part of the Cycle) to start earlier. Do you like this Cycle representation? Feel free to let us know in the comments section below! P.S. The Cycles and trend-lines may get distorted and displaced based on your screen display. Adjust the axis accordingly to view the image as it is shown outside the idea. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
11
BITCOIN being pumped after China bonds macro cycle bottomIt is not the first time we look into how the Chinese bonds (with our unique CN02Y/CN20Y ratio displayed by the green trend-line) affect Bitcoin's (BTCUSD) Cycles: It is however the first time we add stocks (S&P500 with the blue trend-line) in the mix. We can see the Cyclical behavior of the bond yields ratio as illustrated by the Sine Waves. Every time it bottoms, BTC and stocks bottom as well and start a cyclical rally. Additionally, you can see how the ratio has been on a Channel Down for the past 10 years, supporting the bullish expansion on both Bitcoin and the stock market. Since the bond yields ratio is already rallying hard with BTC/ stocks following, do you think that this is just the beginning? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
2
BITCOIN The next leg up can reach $40000Bitcoin (BTCUSD) continues to follow the pattern of February - June 2019. The consolidation on the Higher Lows 1 has now been succeeded by a consolidation on Higher Lows 2. On June 10 2019 that started the final rally, roughly symmetrical to the one that took the price from Higher Lows 1 to Higher Lows 2 (+75%), to the HKEX:13900 peak. If BTC continues to replicate this, then the current Higher Lows 2 should give way to a +48% rise that can take the price to $40000. Is this how high the next leg up can go? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
15
Bitcoin: Path To 33K Not Easy.Since the 30K break out, it would be wise to adjust relevant support levels. The 28K AREA is the new zone of support that I am watching for the possibility of a new SWING trade long (the previous level was 25K). As you can see from the forecast line that I illustrated on my chart (a week ago), Bitcoin appears to agree with the break out scenario that I outlined in my previous article. The question is: what to do from here? Here is my suggestion. As an interesting side note, my trade scanner called Bitcoin long 3 days before the 30K break out (talked about this in my recent stream). While I suggest a reward/risk of 1.5:1, this move delivered 2 or 3:1 at least if your stop was placed at a proportional level. I mention this because my system chart is potentially setting up to generate a new buy signal over the next few days. While there is no guarantee that it will, or that it will work, its track record so far has been compelling. The signals are based on trend following criteria and will not generate any counter trend signals. As illustrated on my chart, price is now hesitating around the mid point between the 28K support and 33K resistance zone. The 30K break out confirms the bullish structure and increases the probability of 33K being tested over the next two weeks. These facts suggest that shorting at current levels is NOT favored in terms of my SWING trade strategy. For the contrarians, the lower risk alternative is to work on smaller time frames and do NOT expect an outsized retrace (like 25K). A move into the mid to low 29s is somewhat reasonable. At the same time, price is still NOT at an attractive level for swing trade longs EITHER. This situation is common and same as the short side, longs should be considered on smaller time frames only, along with proportional expectations. What separates the two scenarios is: the broader structure IS bullish which means catalysts are more likely to take price to the next resistance (33K). The key to navigating this is: adequate RISK parameters. STOP obsessing over news, and other frivolous information. My trade scanner is ignorant to news, opinions, emotions, gimmicks and retail nonsense. It simply WAITS for criteria to be met. The IDEAL SWING trade scenario would be a retrace into the 28Ks (see blue square on chart) followed by a long setup with a take profit expectation in the 33Ks. IF price finds support earlier (low 29Ks or even low 30Ks), look for intraday setups with proportionally tighter stops (500 to 1K points is within reason). 33K is NOT a guarantee, it is a potential objective. The reward/risk ratio offers a more effective mechanism to determine exiting positions. Thank you for considering my analysis and perspective.
EIGHTCAP:BTCUSD
by MarcPMarkets
26
BITCOIN Keep it simple. 1W RSI above 70 = rally!Bitcoin (BTCUSD) on the 1W time-frame is about to see its RSI break above the 70.00 overbought barrier. A simplistic yet reliable historical way of viewing the current situation is that every time the RSI broke above this level, BTC was either starting a mega Parabolic Rally or was in the middle of a smaller rally. On five occasions the rallies were very aggressive, on four there were less, the kind of rallies we see at the start of a Bull Cycle. What is it going to be this time? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
10
BITCOIN has started riding 'The Bollinger Wave'. Fullspeed rallyBitcoin (BTCUSD) is witnessing a strong green week, following three straight weeks of flat price action that got many questioning the strength and durability of the rally since the start of the year. A simple indicator comes to give the answer on the 1W time-frame. It is the Bollinger Bands that display a very distinct characteristic during BTC rallies (similarly during downtrends as well). We call that "The Bollinger Wave" and it is the upper Bollinger Band (blue trend-line) on the 1W time-frame that Bitcoin rides as a "wave" during a Bull Rally. The chart on the left shows the last two such rallies, with the current being the 3rd one as the price has been "riding" the upper Bollinger since the week of January 16. The chart on the right shows all such rallies since 2010. It is easily noticeable that when such rallies start there is now easy or quick stop to them and they are supported by the Bollinger's Basis (orange trend-line). This is the exact same trend-line that offered the strong rebound of March 6th. How high the current rally can go before getting exhausted is anybody's guess but two things are a fact: a) It has only just started and b) the Bollinger Basis has risen to 22435 and is now the long-term Support. So what do you think? Will Bitcoin continue to "ride the Bollinger wave"? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
10
Bitcoin 30K: Play The Breakout?Bitcoin is on the verge of a consolidation break out into the 30Ks, but what is the most effective way to manage the risk presented in this scenario? Price location plays a very important role in shaping trade expectations. Let me explain. You will notice a path that I have illustrated on the chart. Like I explained a few weeks earlier, this is NOT an absolute forecast, instead it is one possibility out of infinite possibilities. It is NOT about WHEN the market will follow this path, it is about IF it chooses to do so. We are followers in this HIGHLY RANDOM game and the only ability we have is to manage risk. Here are the factors to consider: 1. The broader price structure continues to support the bullish argument. 2. Price has been consolidating between 26,500 and 29K for weeks. 3. Bitcoin appears to be less correlated to the broader markets in recent weeks. 4. All it needs is a catalyst to set it off and shorts will be forced to cover. So the bullish break out is favored statistically, the problem is: the LOCATION is FAR from ideal and presents a much higher risk in terms of my swing trade strategy. Even my newly setup trade scanner has been calling longs in the high 27K area which offered potential profits of a couple of hundred points IF managed carefully. The key to this is using the market context to SHAPE expectations in a way that optimizes RISK. The way I go about doing this is simple: If I am seeing buy signals in a bullish context that are NOT aligned with a major support, then I have much LOWER expectations of the outcome. This translates into 1) focusing on smaller time frame strategies. 2) Looking to take profits as soon as risk is justified. 3) Time horizon expectations are limited to 1 day or less. This mind set allows me to participate in scenarios that have a lower probability of following through. So where is the ideal price for a swing trade with greater probability and reward/risk potential? 25K (see blue square on chart). Otherwise, watch for a break of the 29,500 area and momentum follow through into the low 30Ks during the week. Also be prepared for a fake out and conflicting signal. This is NOT a game of opinions, it is a game of adjusting to NEW information as the market presents it. Thank you for considering my analysis and perspective. Happy holidays to everyone.
EIGHTCAP:BTCUSD
by MarcPMarkets
13