BITCOIN The Fear & Greed Index prompts to an immediate rally!On this chart, Bitcoin (BTCUSD) is shown on the 1W time-frame using the Fear & Greed Indicator (F&GI). A month ago it broke above 50, which is the neutral level between Fear and Greed. Since then it has stabilized sideways around 55 as the market is split with some being greedy for further rise while others waiting for a good pull-back to enter.
Historically however, every time the F&GI broke above 50, the Cycle bottom was in and BTC was at the beginning of an aggressive rally. In both of the previous 2 Cycles, the immediate target before a mid-Cycle pull-back was the 0.786 Fibonacci (green flag). This level on the current Cycle is at $50000!
Do you think this will be next? Feel free to let us know in the comments section below!
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Bitcoin-btcusd-btc
Bitcoin: Higher Low Buy Signal.Bitcoin swing trade long signal in play from the 23,250 level. If bullish momentum follows through, a higher high can follow with a test of the 26 to 28K AREA over the coming week. This move has prompted me to call for a risk adjustment on the short trade that I shared privately from the 24,150 level. At this point, that trade is now RISK FREE if you adjust the stop.
In my previous article, I described the compelling argument for a Wave 5 completion and anticipated the beginning for a corrective structure (Wave 2). While it's possible Wave 2 may be in progress, I'm not willing to get stuck in any opinions. While there is a broader 5 wave structure in place, it can extend itself for whatever reason. The short term trend is bullish and until that changes, I expect less from bearish signals. That means play strong defense, reduce risk as quickly as possible and/or take profits when a conflicting signal appears.
As far as longs go, there is a higher low established at the 23,250 area, This is the reference point to measure risk which is about 2K points. If the 26K area is used to measure the profit potential, the reward/risk is about 1.5:1. I have laid out enough information here for you to arrive at your own conclusion in terms of a swing trade idea.
This game is more about quantifying risk and assessing probabilities which can be done with information that is available on a chart. You just have to know what information carries any value. Unless you have inside info, the LESS retail nonsense you consume, the better able you will be to make sound judgements.
All markets today are extremely efficient, and only getting more so. Mean while short term profits come from inefficiencies. This means if you are unable to identify a very specific opportunity and why it should exist, then you are playing a completely random game. You might as well flip a coin, because you will get the same result. Can't build an account that way.
Thank you for considering my analysis and perspective. I hope you find it helpful.
BTCUSDTBitcoin Price Prediction For Tomorrow, Next Week and Next Month
As you can see for few weeks Bitcoin was very low volatile and it seems like bitcoin stock at 25000$ to 24000$ But as we mention we are not in a bull and still hoping for bitcoin to get crash as soon as possible,
we Deducted a Pattern which is called Bullish Shark pattern The shark pattern which is Mentioned in our Book is Developing in Bitcoin in a weekly timeframe, it almost developed its Three legs, these three legs took two much time to developed but here more leg need to complete the pattern, however no one can predict that how long this leg is going to take in developing but according to rule we conformed that there is one more leg,
For full article check out the website fibcrypto.com
BITCOIN Radical Grid Fibonacci analysis you've never seen beforeAs Bitcoin (BTCUSD) has taken a short-term paus on its early 2023 rally on the 1W MA50 (red trend-line), following the first Golden Cross on the 1D time-frame since May 2020, we naturally go back to the start of the previous Bull Cycle in 2019 to see how it behaved on this important stress test.
** The 2019 Bull Cycle **
As you see, BTC also took a sideways pause on its 1W MA50 in April 2019, also after a 1D Golden Cross, while being above the 0.236 Fibonacci retracement level (blue dotted trend-lines) of its Cycle High. So far the current Cycle with 2019 are identical.
** The Channel Fibonacci levels **
We decided to take this symmetry a step forward in order to get a better understanding of how the new Cycle may play out. We have applied the Fibonacci Channel (green trend-line) starting of course from the December 2017 High. As you see, the Cycle's 1st rally, which is what we are experiencing now, firmly traded within the 0.5 - 0.618 Channel Fibonacci levels (green) before getting rejected on the 0.786 horizontal Fib (blue). The Cycle's 2nd rally, which was the final and most aggressive part of the Bull Cycle, was within the 0.786 - 0.936 Channel Fibs (green).
** The Time Fibonacci levels **
Besides the Channel and horizontal Fibs, we have incorporated the Time Fibs (black vertical lines). Starting from the top of the previous Bear Cycle (December 2017) and ending at its bottom (December 2018), we see that it has more or less classified each part of the Cycle and even caught pretty well the next Bear Cycle, roughly within Time Fib 4.0 - 5.0.
Based on that model, the new Cycle's 1st rally should be within Time Fib 5.0 - 6.0 and the 2nd rally some time after Time Fib 6.0. It is widely known that the Halving events (supply shock for Bitcoin) is what officially start the final rallies. In 2020 that was in May and the next one (Halving 4) will be in March 2024.
** Conclusion **
Based on the above parameters put together, we are now experiencing Bitcoin's 1st rally of the new Bull Cycle, within Channel Fibs 1.5 - 1.618. The 2nd rally should start fundamentally after March 2024 (Halving 4), but technically it can do so if the price closes a 1D (or even better 1W) candle above horizontal Fib 0.786. By Time Fib 7.0, the market should have made a new All Time High (i.e. be above $69000) and by Time Fib 8.0 already place the new Cycle Top.
Do you agree with the projections suggested by this Fibonacci Grid Model? Feel free to let us know in the comments section below!
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Season of the bull 😤 It was an interesting start of the new week as traders gathered round in mass and tried to break support. The dip that should have been bought has passed and now we can only buy in higher. But fear not, this is only the beginning of the new run, the lows are in and we can enjoy months of up only. Macro doesn't matter in these times as greed will only fuel the beast. So I ask of you, are you in or will you watch from the sidelines? The time to act is upon us.
BITCOIN Bearish Correction Ahead! Sell!
Hello,Traders!
BITCOIN grew super fast
In the last 24 hours and
The coin is overbought
So as it is retesting
The horizontal resistance
A bearish correction
Seems to be inevitable
Sell!
Like, comment and subscribe to boost your trading!
See other ideas below too!
Could the market recovery take another 11 months?Looking a the past bear markets we can make an educated guess as to when this current bear market might end, when the accumulation phase will start and when we might see another recovery, (and maybe even a bull run in the far horizon).
Historically the same happened in the previous bear market, (not shown in the chart), but I will use the last 2 for illustration. The previous bear markets had less data, (less trading), but the same information holds)
2018-2019 Bear market
One of the first bear market with enough data, showed us that it lasted about 370 days, as well as a drop of 85% from the all time high, this was then followed by a short accumulation period and then 170 days to the next top.
The growth from the bottom to the next high was about 300%, it did not take us to a new ATH, but the market was a lot healthier and started moving sideway from then on until the next Bull run.
There was less uncertainty in the market, (investment was coming back in the market, less fud and so on).
2022-2023 Bear market
Using the same logic as the previous bear markets, we can go from the ATH and see that 370 days should take us to November 2022 and could see a candle or two as low as $12K, (using the 85% drop).
There would then be a short period of accumulation followed by 170 days of growth and a 300% jump from there.
That would take us to June 2023 and around $48K, then the market should be a lot more positive again.
Even if the bottom was reached now, or we do not go as low as $12K, the macro economic factors do not show any kind of turnaround until the end of 2023
In summary
The bottom would be around $12K to $15K
The market will be unpredictable until November 2022
If we do not reach $15K then the market will keep moving sideway as traders will be expecting new lower lows.
The recovery will be slow and take us to June 2023
The next full bull run should be in 2024, another indication that a solid recovery should happen in the middle of 2023.
To be clear, the recovery will not see us to new ATH, but rather in a much more confortable, positive and healthy position, the next 'true' bull run should happen around the next halving in May 2024.
Bitcoin - BTC frost zone❄️& heat zone🌞scenarioBitcoin frost zone❄️& heat zone🌞scenario
Look at the great Entry🌞and Exit❄️points for a BTC bullish run in past heat zones🌞
And now... next cross ahead⁉️🚨
Give me a ♥️ if you ♥️
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BITCOIN The Pitchfork approach that reveals the Bull Run!Why don't we see the Pitchfork tool applied to Bitcoin (BTCUSD)? We show on today's analysis that this often very overlooked technical tool has been particularly spot on at identifying BTC's Bull Runs.
It is a simple application and we will keep the commentary that way. As you see on this 1W time-frame, we have applied the Pitchfork from Bitcoin's first Low to the 2014/15 Bear Cycle. As you see the Fibs drawn, provide an excellent framework for the majority of the Bull Cycle's trajectory:
* The 2015-2017 Bull Run was almost entirely within the 0.5 (dashed blue trend-line) and 1.0 (solid blue) Fibs, until it broke in the final month of the Bull Cycle to peak on the FibMA Multiple 7.
* The 2019-2021 Bull Run started off more aggressively as it was initially hyped by the Libra news but later corrected within the 1.5 (dashed black) and 2.0 (solid black) Fibs.
* The new Bull Run has started after the November (FTX crash) bottom and is now within the 2.5 (dashed orange) and 3.0 (solid orange) Fibs. This should technically by the new Channel Up for the new Bull Run.
It appears that each Bull Run is a whole 1.0 Fib level lower than the previous one. This is consistent with Bitcoin's Theory of Diminishing returns over time.
Also all bottoms hit or came extremely close to the 1W MA350 (bold green line).
We can estimate in addition a rough 121 week (847 day) time range from the bottom of the Cycle to the Top of the top of the next one. This gives us a projection for the next Cycle Peak on March 2025.
As for what price the actual Top can hit? Moderate scenario the Multiple 5 (orange) and aggressive scenario the Multiple 7 (red).
Do you agree with the conclusions of this Pitchfork approach? Feel free to let us know in the comments section below!
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BITCOIN Alignment of Cycles is the Ultimate Cheatsheet!We have done similar studies before, aligning past Bitcoin (BTCUSD) Cycles to get a projection of the current one. We have used Halvings, Peaks, Bottoms etc but this is the first time that we don't just use everything into one mega analysis, but also incorporate the Fibonacci retracement and extension levels that show not only the Buy Zones put also the peak projection, making this study the Ultimate Cheatsheet!
** Cycles Tops and Bottoms **
The chart is pretty much self-explanatory. The time-frame on the 1W (weekly) and the starting point of all Cycles (we use the past 3, the first one is too aggressive to be relative for conclusion on this study), is their respective Tops/ Peaks. We didn't distort any Cycle, all are just they way given by the Bars Pattern on their log scale. The orange trend-line represents Cycle 2022/23 (the current one), the black trend-line represents Cycle 2018/21 and the blue trend-line represents Cycle 2014/17.
** Cycle Convergence - Divergence and the Buy Zones **
As you see, their alignment during their Bear Phase of their Cycles is remarkably tight, as the don't diverge by as much as one would expect. With the use of the Fibonacci levels, taking as Fib 0.0 the bottom of the 2018/21 Cycle (Black), we can designate two Buy Zones: The first one within Fib 0.382 - 0.236 and the Ultimate within Fib 0.236 - 0.0. As you see the current Cycle made a bottom and bounced just over the Ultimate Buy Zone.
What's really interesting, is that the 2014/17 (Blue) and 2018/21 (Black) Cycles always converged after a divergence, which simply indicates the standard nature of the course of each Bull Cycle. We have to mention at this stage that the big divergencies of the 2018/21 Cycle was first on the April - June 2019 rally due to Facebook's Libra enthusiasm/ speculation and second September - March 2020 due to the massive money printing and rescue packages to stimulate the economy from the COVID lockdowns.
** The amazing Halving Symmetry **
We have also incorporated the Halvings and as you see the symmetry is astonishing as all there are within a 2 month range. Halving 4, which is the next one is in the middle (May 2024), Halving 3 is on the left (May 2020) while Halving 2 is on the right (July 2016). This is just another demonstration of Cycle stability. Keep in mind that the Halving events are major cyclical events for Bitcoin as they cause a Supply Shock, thus stimulating the Demand. It is no coincidence that the Phase of the Parabolic Rallies has always started after the Halving.
** Where will this Cycle Peak? **
As for the projected peak, since every Cycle offers diminishing returns, the Peak is (or should be) lower each time. The 2014/17 Cycle (Blue) peaked on the 2.618 Fibonacci extension and the 2018/21 (Black) peaked on the 1.618 Fib. The next range in line is the 1.382 - 1.236 Fib Zone, which is approximately within $100k - $132k. A projected path (orange dotted line) to this Target Zone doesn't again diverge much from the other Cycles.
We have to also account for outside fundamentals/ news, moving the projected trend higher if news like those in 2019 (Libra) or 2020 (stimulus) inject a new wave of enthusiasm into the market. For that reason, we have added a projected path to an extremely positive scenario (see chart below) than trends in the middle of the Black and Blue Cycles and shows a Peak above Fib 1.618, roughly above $250k. Unrealistic or not, it is a projection taken from this specific model.
Do you think this is the Ultimate Cheatsheet for Bitcoin or not? Feel free to let us know why in the comments section below!
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Bitcoin short-term view - BTC broke above $23,455👀Bitcoin short-term update
(a) BTC broke above $23,455👀
(b) next bullish target at $24,150🐂
(c) next bearish target at $23,127🐻
Have a great day😎
Let me know your thoughts in the comments🤗
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Disclaimer:
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Do your own research before investing
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BITCOIN is having a consolidation similar to December.Bitcoin (BTCUSD) got rejected yesterday on the 4H MA50 (blue trend-line) and fear seems to be returning to the market for no particular reason. The price is above both the 4H MA200 (orange trend-line) and more importantly the 1D MA50 (red trend-line), which is the long-term Support during bull runs.
The STOCH RSI on the 1D time-frame made a Bullish Cross inside its oversold Support Zone and the last time we had a similar occurence was on December 20. That was again with the price below the 4H MA50. It consolidated until December 30 after which Higher Highs/ Higher Lows started, until the Parabolic Rise of January.
The Bars Pattern of December - early January fits very well the price action from January 20 until today. In fact it matches perfectly a projected contact with the 1D MA50 (which as mentioned is the long-term Support) and timing a January-like rally ideally.
A +30% rally from yesterday's low gives a medium-term target of $29000. Would you agree?
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BITCOIN 1W MA50 and 1D RSI aligned with previous Bull Cycles!This is the 3rd week in a row that Bitcoin (BTCUSD) comes that close but struggles to break above the 1W MA50 (blue trend-line). Technically speaking that alone is a major Resistance. But if you check at the same time the start of all previous Bull Cycles, you will see that it was the 'Resistance-to-beat' during all.
More specifically during every new Bull Cycle, every time the price rebounded towards the 1W MA50 after a market bottom, it struggled there for a few weeks before it broke convincingly above it (exc Jan 2012 marginal break but still corrected for a few weeks before rising).
What's more interesting is that this short-term weekly correction was achieved after an already massively overbought 1D RSI got rejected at (or near) the 88.00 'First Rally Resistance'. As you see this is what happened on all new Bull Cycle starts: April 01 2019, June 29 2015 and December 26 2011. And it is what just happened now.
The target after the 1W MA50 break-out has been the 0.5 Fibonacci retracement level, which we call 'Price equilibrium' and is sitting at $32650. Notice how each Cycle regardless of length or price range, tends to follow a similar wave structure. Will the 1D RSI turning 55.00 be a good enough level for you to buy as in 2019 or waiting for 37.00 as in the first two Cycles?
Feel free to let us know in the comments section below!
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BITCOIN 1W Supertrend is bullish and not looking back!We have used the Supertrend indicator on Bitcoin (BTCUSD) extensively, especially on lower time-frames with great accuracy. This time we take a look on the 1W chart where the Supertrend has been green since the second trading week of January. Throughout BTC's history every time the Supertrend turned green after such an RSI rebound, the bottom of the Bear Cycle was formed.
The strength on such Supertrend rallies is normally so strong that the price typically rarely breaks or more importantly closes below the supporting line (floor). Bright exception has been of course the build up to the 2022 COVID crash (which as mentioned countless times is a 1 in 100 years event, thus an irregularity).
This 'floor' of the Supertrend has now been lifted to $17240, which was unthinkable in e.g. December as it was a Resistance. Traditionally we don't see immediately pull-backs to the floor on the first Bull Cycle rally. Instead, when the price breaks above the 1W MA50 (blue trend-line), BTC has always reached the 1W MA100 (green trend-line) before a major Bull Cycle pull-back.
The 1W MA100 is currently at 36150 (and falling). So with the 1W MA100 around 36k and the Supertrend's floor at 17.2k and rising, does that look like a solid Risk/ Reward ration trade for you or not?
Feel free to let us know in the comments section below!
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BITCOIN Perfect structural repeat of the 2019 rally?On the previous analysis we talked about Bitcoin's (BTCUSD) emerging Golden Cross on the 1D time-frame and how it is clashing with the emerging Death Cross on the 1W time-frame. Well the 1D Golden Cross has been formed today and automatically draws our attention to the 1D Golden Cross of April 23 2019. This was formed just after the early 2019 rally begun. So the question that pops out is this: 'Is BTC repeating this rally?'.
So far we can surely say that the structure since the November 21 2022 bottom resembles almost perfectly that from January 29 2019 to April 23 2019 and that 1D Golden Cross. As you see on the chart, both sequences started with a Channel Up on the 1D MA50 (blue trend-line), then consolidation before a hyper aggressive wave that broke above the 1D MA200 (orange trend-line) that later formed the Bullish Megaphone pattern that led us to the Golden Cross of today. RSI wise we are on the very same Bull Flag along the price's Megaphone.
Following the Golden Cross, the 2019 structure rose another +150% from the day of the Cross to the June 26 2019 High. Obviously that rally isn't easy at all to be recreated as it was additionally fueled by the Libra fundamentals and a +150% rise from today's lows would put the peak of the rally at $57000.
Unrealistic or not, it is yours to judge, so feel free to let us know of your opinion in the comments section below! Are we repeating the 2019 rally?
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Bitcoin - BTC weekly EMA20❌EMA100 crossUpdate:
Bitcoin weekly EMA20❌EMA100 cross
Still record high negative DEMA indicator value with view to long-term DCA IMO ‼️
What do experienced BTC investors think... dear Crypto Nation ⁉️😎
Let me know your thoughts in the comments🤗
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BITCOIN 1D Golden Cross vs 1W Death Cross. Which will prevail?Two major technical events are about to be materialized for Bitcoin (BTCUSD). On the 1D time-frame a 1D Golden Cross, which is when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line), is about to be formed, while on the 1W time-frame a 1W Death Cross, which is the opposite, is about to be formed. So what do those conflicting formation tell us? And which one will prevail?
We decided to view this through the dominant technical patterns available. As you see right now the one that stands out is an Inverse Head and Shoulders (IH&S), which is a pattern typically seen on market bottoms. This is one of the drivers that guide BTC at the moment. In similar fashion, it was a Head and Shoulders (H&S) pattern that formed the November 2021 market top and initiated the Bear Cycle.
The symmetry on that pattern is remarkable as the price dropped -52.50% from the H&S top to the bottom of the Right shoulder, and another -52.50% from that level to the bottom of the Bear Cycle. Similarly, depending on where the IH&S neckline is formed, we expect an proportional rise. If the neckline is formed on the best case scenario a little over the 1W MA50 (blue trend-line) at 27000, completing a +73.80% rise, then another +73.80% would put BTC's next bullish wave to around $47000. If on the other hand the price peaks now within the green neckline and just below the 1W MA200 (orange trend-line) completing a +56.50% rise, then another 56.50% would but the top of the next wave at around $38500 before the next pattern emerges.
It is not unlikely to the medium-term High here as based on the 1D RSI Bearish Divergence (being on Lower Highs against the price's Higher Highs) indicates that the rally is losing strength. The 1W RSI however marginally missed the 60.00 mark and indicates that there is still room for the rally to grow before it turned overbought at 80.00.
Which one do you think will prevail? Feel free to let us know in the comments section below!
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Bitcoin - RVGI indicator❌cross just occurred🔵🚨👀The RVGI indicator❌cross just occurred🔵🚨🚨🚨👀
Look at the great entry points🟢for Bitcoin when these crosses❌occurred in the past on the US10Y-US02Y chart dear BTC and Crypto Nation💥🚀😎
Let me know your thoughts in the comments🤗
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Eviler long term chartThis is an updated version of the previous chart based on halvings again. Maybe the hype is wearing down for this cycle and the next 18 months will be a cool off period. And then about 6 months before next halving the hype starts up again. This would be near the beginning of 2020.
If the Bitcoin 25.2-23.3k zone cannot be crossed... #bitcoin the 25.2k-23.3k zone is an important resistance area. If this region cannot be crossed, my expectation is that the 11.6k-9.8k range is the first target, but I will prepare for a decline that may come up to the 6.4k-3.8k range and I will make a gradual purchase in 2 regions and wait for 48.2k-43.2k