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Bitcoin-btcusd-btc

BITCOIN The S&P/GOLD ratio is leading the way!This is a unique study showing the correlation of Bitcoin (BTCUSD) with the S&P500/Gold ratio (SPX/XAUUSD) displayed by the orange trend-line. On this 1W time-frame, Bitcoin has broken above the 1W MA50 (blue trend-line) and will attempt to make the first closing above it, in order to confirm the new Bull Cycle beyond any doubt. In the previous Cycle this took place on the week of April 29 2019. As you can see, the patterns between the two Cycles are identical. Bitcoin tends to peak earlier when the S&P500/Gold ratio makes its last Higher High before it eventually tops after BTC is well within its Bear Cycle. The S&P500/Gold ratio then forms a series of Lower Highs, the second of which is when BTC bottoms (excluding the FTX crash, that would have been the bottom). At the moment we are expecting a Lower Low on the S&P500/Gold ratio in order to price the first High of the first rally of the new Bull Cycle. Do you think the S&P500/Gold ratio is leading the way for Bitcoin? 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
Two opposite views, and One common drop!On the Bitcoin chart, we have Two moves ahead. First, the bottom was the low of November 22, and BTC is making the first impulsive wave in a very bullish structure. Second, the up move from that last low, $15600, isn`t more than a C wave which might, structurally, end soon, and the drop might be sharp then the price will resume the bearish big wave down to a new low under 15k. The second move (left chart) is more probably to take place, but if the other will b the correct one, we`ll see potentially a 20% drop in both cases then the price will decide whether path to follow. (This is from a pure wave structure perspective)
INDEX:BTCUSD
by ZiltchX
BITCOIN Can we finally end the comparisons with August 2015?As everyone is aware, Bitcoin (BTCUSD) made an incredible rebound on the 1D MA200 (orange trend-line) 5 days ago shortly after forming a Bullish Cross with the 1D MA100 (green trend-line). As many analysts have been comparing the current Cycle Bottom to that of 2015, it is perhaps time to call it a day on expectations for a 15.5k Double Bottom as it happened on August 2015. As we have clearly explained to you and published on our January 21 analysis, expecting a drop like August 2015 wasn't an optimal strategy as it was caused by the Bitfinex flash crash: As you see, that analysis has quite accurately grasped BTC's movement these past 2 months, projecting also February pull-back. Its first target before another consolidation/ pull-back was around the 0.5 Fibonacci (33k). On the current analysis we will take it a step further, showing another angle by comparing it with the 2015 fractal, excluding of course (as we also told you 2 months ago) the August 2015 Bitfinex crash, which was an unexpected event that distorted the sound technical trend up to that point. ** Similarities between 2023 - 2015 ** First of all, observe how similar the 1D RSI sequences traded. The new rebound started once the 1D RSI broke into the 30.00 oversold barrier. If we also exclude the November 08/09 2022 FTX crash, we can see that on both fractals the range from the prior Low to the Resistance is around +40%. Assuming the Bitfinex crash in August 2015 never happened, and we calculate the impulse rise from the 1D MA200, we get an exact +100% rise on the November 04 2015 High. If this gets repeated today, it gives a $39000 target. ------------------------------------------------------------------------------- ** 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
3
BITCOIN above the August High! Congratulations buyers!Bitcoin (BTCUSD) rebounded on the 1D MA200 much more easily and much faster than anticipated as per our Inverse Head and Shoulders buy signal 4 days ago: The long-term target of 41300 is intact but as the price broke above the 25250 August 15 High with force, we are taking our perspective on the more short-term again, on the 4H time-frame. As you see, if we exclude the naturally unexpected sell-off of March 09 -10 due to the Silicon Valley Bank (SVB) bankruptcy news, the pattern that stood out was the Bullish Megaphone. That was technically supporting until the SVB fundamentals took over. Now that the price is close to the top of the Megaphone (Jan 21 Higher Highs) and the 2.236 Fibonacci extension, we expect a technical pull-back towards Pivot Zone 2 (Pivot Zone 1 was the range that supported the previous Megaphone correction) and the 1D MA50 (red trend-line). The short-term target is 28500, a little below the 2.786 Fibonacci extension. On a side-note, notice the 4H RSI testing its Lower Highs trend-line. ------------------------------------------------------------------------------- ** 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
2
BITCOIN is about to explode as GOLD/DXY is leading the rally!This is Bitcoin (BTCUSD) on the 1W time-frame against the Gold/DXY ratio. As you see, since 2016 the Gold/DXY ratio has been a leading indicator to BTC's trend on the long-term, filtering out what's needed. In the last two Cycles, the ratio bottomed out first before BTC, broke above its Bear Cycle Support and posted a Bull Flag before BTC and topped before BTC. At the moment the ratio just broke above its Bull Flag, while BTC is rising too and will have a crucial week, attempting its first 1W candle closing above the 1W MA50 (blue trend-line). We have claimed for weeks on our channel that Bitcoin is currently in the same symmetrical level it was in April 2019. A closing above the 1W MA50 would validate this and set a short-term target on the Bear Cycle Support around $29000 and then pursue our longer term targets. Do think that the Gold/DXY ratio is the leading indicator for Bitcoin's new rally? 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
9
❗ Bitcoin bulls eye $24,000 after SVB shoring-up, but easy moneyCryptocurrencies rose when money was sloshing around cheaply, and suffered when the Federal Reserve began raising rates. More recently, it tumbled on fears of cash starving at banks, and is benefiting from the shoring up of SVB depositors. The better market mood is helping BTC/USD recover, and it stopped only at the 4h-200 SMA, and after entering overbought conditions. Resistance is 22,612, followed by 23,029 and then 24,000, a double-top. Support is at 22,131, followed by 20,996. I expect it to fall not only on overbought conditions but also as the collapse of SVB means tighter financial conditions, and less easy money for risky assets like Bitcoin.
by Shahinjavidi
Bitcoin: B Leg Of Wave 2?After probing the 19K area low, Bitcoin appears to be "bullish" again. That is if you tend to "react" to price information. The 20K break is significant on the broader time horizon AND further confirms the idea that Bitcoin is in the midst of a Wave 2 correction. Two things I will point out in this article: how to evaluate Wave 2 AND how to maintain an EFFECTIVE mindset for this type of environment. First, the mindset. If you are still fooled by unqualified "experts" that claim charts tell them the future, well, you get what you pay for. Back in January, every "expert" and their cousin was saying Bitcoin 40K. If you bought into that idea, you had the pleasure of watching price peak at 25K and then test 19K. I guess the chart "pros" were not able to account for the recent banking problems that came out of no where. My point is: IF you instead accepted that markets are HIGHLY random, you would realize that there is no way to know if Bitcoin will be at 40K in a few months. Charts do NOT account for unexpected news whether positive or negative. Scrutinize the situation by evaluating things like price structure and levels. These factors alone will AT LEAST help you have a better gauge of RISK compared to listening to unaccountable cowards who hide behind fake names. By evaluating structure, levels and patterns I was able to share a short swing trade idea at 24,150 with a price target that I shared AT THE TIME of the trade idea (3 weeks ago), of 20,150. When this trade reached 22K, I suggested moving the stop to break even, and lock in some profit. Price never retraced back to the entry, and is now a locked in profit (my members can confirm all of this). This trade idea was simply the result of knowing price structure, probabilities, risk and maintaining an OPEN mind (NO opinions). No magical strategy, oscillators or any other retail NONSENSE. Now lets get into the current situation and wave count. After the 5 Wave completion at 25K, I warned that a broader Wave 2 correction is likely to follow. If you know the rules of the Waves, you know that it is possible for Wave 2 to correct 100% of Wave 1. That opens the possibility of a 16K retest in this case. For this Wave 2 idea to be negated, price will NEED to clear the 24K AREA. So KEEP EXPECTATIONS REALISTIC if you are attempting to buy this bullish retrace. If the current bullish retrace fails somewhere between here and 24K, it is may be a B Wave, which can be followed by a bearish C Wave. This is NOT a forecast. This is a potential scenario to be watching for. If the short term momentum transitions to bullish from here, I will look for a swing trade LONG on the next pullback. I am not going to react to the initial move that we are potentially seeing now. Again I need to see confirmations, levels and setups before I can justify risk. Longs should be short term oriented in light of the current macro economic environment. Speaking of economics: Chairman Powell continues to assert the idea that the central bank will continue to raise rates. While the recent reaction in the bond market seems to counter this fact, it is still something that "investors" should not ignore. A rising rate environment LIMITS near term potential for speculative assets like Bitcoin. Listen to Powell NOT Santa Claus. This adds weight to the Wave 2 scenario, not the nonsensical "expert" technical forecasts. Just something to think about. Thank you for considering my analysis and perspective.
EIGHTCAP:BTCUSD
by MarcPMarkets
37
BITCOIN Huge Inverse H&S bottoms and targets $41300!Bitcoin (BTCUSD) hit its 1D MA200 (orange trend-line) for the first time since January 13, which was half-way through the first rally of the new Bull Cycle. The long-term pattern since the November 21 2022 bottom can be seen as a big Inverse Head and Shoulders (IH&S) that has started to form the Right Shoulder. The short-term Resistance is the 1D MA50 (blue trend-line) and the pattern's core Resistance is 25250, which has rejected two tops already (August 15 and February 16, 21). Right now the price hit the Bear Cycle's Lower Highs trend-line, which broke upwards on January 20 and confirmed the new Bull Cycle. Along with the 1D MA200 they form a formidable Support Cluster, with the IH&S neckline being a little lower at 18150. This is also where the Higher Lows trend-line that started on the November 21 bottom is located at. That is the second and final Support Cluster. The 1D RSI is below the oversold barrier of 30.00 and has a Support at 20.50. Being also on Higher Highs, this is a Triangle pattern. The technical target on the IH&S is the Fibonacci 2.0 extension, measured from the Head of the pattern to its Resistance (+63.17%). That gives a $41300 Target. Are you long on this one? 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
34
BITCOIN: With the DXY Threatening to Spike, BTC Might Fall a BitI'm watching the DXY carefully. It is long overdue for bounce since peaking in September. With the DXY threatening to spike and Bitcoin jumping 66% from the $15k lows to a key resistance level at $25k, it wouldn't surprise me to watch the DXY to run for a bit while Bitcoin retraces. Naturally it makes sense if the dollar index becomes stronger that every thing measured in dollars becomes weaker. We have a possible completed 5wave pattern. If BTC were to correct from here, we could have an inverse head and shoulders setup. With things so bullish, I would be looking for a shallow right shoulder. However given the bullish sentiment around BTC and the crypto over the past 6 weeks, I would not be surprised to see a wick down to the .618 as big money tries to flush out the over-leveraged longs. BTC has fallen $500 since I started writing so we may have already begun. Be patient and don't get greedy. I'll be using the DXY and BTC/Dow price action as my barometers.
COINBASE:BTCUSD
by jpbrown1023
2
BTCUSD: Can reach $53,000 by Q1 if it holds this rally sequence.BTCUSD is about to make a critical 1D MA100 test. This is important because in the two rally sequences of the previous Bull Cycle, as long as the 1D MA100 supported, the rally was maintained to the very top. On both instances, the top was at least on the 2.5 Fibonacci extension. The first top of the current rally was in February and its 2.5 Fibonacci extension is on $53,000. It seems (and certainly is) a very high price for such a sort term time frame but so where those of 2019 and 2020. Bitcoin's 1D technicals are low enough, almost oversold (RSI = 31.645, MACD = -356.200, ADX = 25.834) to technicalls represent a sold buy opportunity. The STOCH indicator in particular shows that right now the price is exactly where it was when in 2019 and 2020 it was consolidating and approaching the 1D MA100. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
INDEX:BTCUSDLong
by InvestingScope
1
BITCOIN Can this wick keep the 2019 fractal alive?Bitcoin (BTCUSD) is not having the best 3 week stretch as it broke below its 2 month Channel Up. The April 2019 fractal, that has drawn widespread comparisons with the current price action recently, broke its Channel Up on a 1D candle wick, hit the Support made off the 1st Low and rebounded. Once the MACD formed a Bullish Cross, the next bullish wave started. Today's pattern (on 2D) has the Support of the 1st Low at 20500, a little above the MA50 (blue trend-line). Is this the last resort keeping the the 2019 fractal alive or totally irrelevant in your opinion? 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! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BTCUSD
by TradingShot
11
BITCOIN Hidden Inverse Head & Shoulders pattern points to $165k!As Bitcoin (BTCUSD) is battling to break its 1W MA50 and extend the rally of the new Bull Cycle, as all previous Cycles did, we looked at the 1W time-frame from a different angle and present to you an outlook that may have gone overlooked. As you see, every BTC Cycle Bottom can be viewed as the Head of a giant Inverse Head and Shoulders (IH&S) pattern. The first two Cycles topped on the 3.0 Fibonacci extension counting from the 0.786 retracement level of the previous Cycle's top-to-bottom. The most recent Cycle topped on the 2.0 Fibonacci extension. As you see an uncanny constant on all Cycles so far is that the first High coming out of the Bear Cycle (that gives a pull-back that breaks below the 1W supertrend indicator) has always reached (or almost) the 0.786 Fib of the previous Cycle's Top. Assuming that is the completion of the Right Shoulder of the IH&S pattern, we measure the Fibs from the bottom and end up with the 3.0 Fib extension Top on the first two Cycles and the 2.0 Fib Top on the third (previous) Cycle. A repeat of the moderate 2019 - 2021 Cycle to the 2.0 Fib extension gives as a projected Top for the current Bull Cycle at $165000! Do you agree that this is realistic in the next 2 years? 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
12
BTCUSD Falling Wedge driving to the lower Supports.Bitcoin is now bearish on the 1D time frame (RSI = 40.648, MACD = -188.700, ADX = 20.767) as it has completed 3 weeks trading inside a Falling Wedge pattern that crossed today under the 0.618 Fibonacci retracement level. This Wedge is guiding gradually the price to the lower Supports of S1 (21,375) and S2 (20,425) and will continue to do so unless it breaks to the upside. The chart shows that the Fibonacci levels form very accurate Supports and Resitances. We will be buy each time a candle closes over a Fibonacci level and target the one above. Likewise, we will sell every time a candle close below a Fibonacci level and target the lower one (so far only Fib 0.786 and eventually 1.0 the bottom are left to the downside). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
BINANCE:BTCUSD
by InvestingScope
7
BITCOIN A Fibonacci Circles Roadmap you've never seen before!This is a unique representation of the Bitcoin (BTCUSD) Cycles using the Fibonacci Circles, a tool than certainly prints a very interesting Roadmap relative to the previous historic Cycles. The chart focuses on the last two Cycles but for a more complete projection we also incorporate 2015 - 2017. Each Cycle's epicenter is located on the candle that breaks and closes below the horizontal Bear Cycle Support. The 2022 Bear Cycle bottomed on the 2.618 Fib extension while the 2018 Bear Cycle started rising on the 1.618 Fib. It is no coincidence that the current struggle on the 1W MA50 (blue trend-line) is done exactly on the 2.618 Fib as in April 2019, the same 1W MA50 struggle was done on the edge of Fib 1.618. The symmetricity between the Cycles is striking indeed. In that regard, the current Bull Cycle appears to be more similar with the 2015 -2017 Bull Cycle as its 1W MA50 struggling was also made on the 2.618 Fib. That Cycle didn't really start rising before hitting Fib 3.618 as you can see on the chart below: We have plotted both of those two past Cycles on the current Bull Cycle, based on which Fib they bottomed. As you can see the representation offers valuable insight as to how the current Cycle may evolve. It is very likely to see a pull-back to Fibonacci 3.618 before the 1W MA50 finally breaks and starts the real Bull Cycle rally. Do you think that's a realistic scenario or the next Cycle Fib will be breached at a much higher (than the current) level? 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
6
Bitcoin Outlook 7th March 2023Following the news that Silvergate Capital Corp suspended its crypto payments network and expressed doubts over the viability of its business, Bitcoin and most other crypto currencies crash to trade significantly lower. Before the news, Bitcoin was trading slightly above the 23,400 price level with market expectations that the price could reach 25,000. However, Bitcoin broke below the 23,000 support level to trade down to the 22,000 support level following the Silvergate news. Currently consolidating along the 22,500 price level, it is more likely that Bitcoin could see further downside, especially if the price breaks out of the consolidation to the downside. Beyond 22,000, the next key support level is at 21,400.
BITSTAMP:BTCUSDShort
by JinDao_Tai
4
BITCOIN Moment of truth to confirm or dismiss the 2019 fractal!There has been tons of talk about Bitcoin's (BTCUSD) similarity of the current bottom reversal with the 2019 one. A lot of comparisons have been made, we've started doing that since November, but the time has come that BTC either confirms or dismisses the 2019 fractal. As you see on the left chart (2023) the consolidation within the Bullish Megaphone that Bitcoin has been trading in for the whole month of December is naturally creating an RSI Bearish Divergence due to the aggressive January rally. We can see the very same formations in 2019 (right chart), with the RSI supported by a Higher Lows trend-line. The time-frames are different (3D against 2D) to account for the fundamental noise and serve better the purpose of comparison. The market has now no other choice but to make its move by either validating the 2019 fractal by breaking above the orange trend-line or negating it and end the comparison discussions once and for all. What do you think the market has in store for us? 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
15
BITCOIN Limited by the weekly candle body Resistance.Many have been focusing in the past days at the inability of Bitcoin (BTCUSD) to close above the 1W MA50 (blue trend-line). Surely that is essential for maintaining the pace of the January - February rally and as we've analyzed recently, it draws comparisons with the past Cycles where they were testing their own 1W MA50. ** Resistance/ Support levels based on the 1W candle closing ** Another, overlooked for sure, aspect on the 1W time-frame the Resistance/ Support levels enforced by the 1W (weekly) candle closings. As you see on this chart, BTC not only failed to close (despite breaking it) above the 1W MA50 in the previous 2 weeks but also failed to close those candles above the 24360 Resistance which has been formed since the weekly candle of July 18 2022. As you see no candle closed above that Resistance level in July - August and the recent failures certainly show its importance. The same can be said about the 1W candle body Support at 18750, which held all weekly closings above it from June until the FTX crash. ** The Vortex Indicator ** As a result, a weekly close above 24360 will achieve a double bullish break-out as not only will it close above the 1W MA50 for the first time since April 25 2022 but also above the most important horizontal Resistance on the 1W time-frame. In order to keep things into a long-term perspective, we have added on this analysis the Vortex Indicator (VI), widely used in previous years, that has been on a Bullish Cross since mid-January. This shows that the new Bull Cycle has started and is still in its early stages. ** Projection ** It appears that even though they are not absolute, the Fibonacci retracement levels will play some part as Resistance levels in this new rally. Once BTC makes this double bullish break-out, we have the 1W M100 (green trend-line) as the next pressure level, hence potential Target and if the second part of the rally is as strong as January, it can make contact with the 1W MA100 around the 0.5 Fibonacci level, which is roughly at $32650. So what do think? Is this 1W candle body Resistance the level to break? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
7
RLinda ! ETHUSDT-> ethereum continues to consolidate ETH continues to consolidate within the local uptrend. This accumulation is clearly aimed at a retest of the resistance area of the descending channel. The local support trendline indicates that the price is in the long zone. The triangle, the upper boundary of which coincides with the channel resistance, indicates consolidation. Earlier on the daily chart, price bullishly tested the 50-day moving average. Bulls continue to test the resistance for a breakout In the medium term, I expect a breakout of the resistance of the descending price channel in the area of 1650-1675 and an upward movement of the price to the resistance zone of 2020. Regards R. Linda!
Long
by RLinda
25
BITCOIN 1 year left until the next Halving! Start to DCA!As we left February behind, few realize that there is only 1 year left for Bitcoin (BTCUSD) before the next Halving (no4) as it will experience this supply shock event in March 2024! This 1W time-frame, is a simple illustration of why it is still a good idea to start Dollar Cost Averaging (DCA). ** Similarities with past Cycles. 1W MA50 test ** We see a lot of similarities with past cyclical positioning on this date, particularly with the previous two Cycles. As you see 371 days (53 weeks) before their Halving events, both Cycle 3 on April 29 2019 and Cycle 2 on June 29 2015 were already on the 1W MA50 (blue trend-line) attempting to break it, but at the time failing to. This is exactly where BTC is at right now. This symmetry is uncanny. Needless to say that it doesn't hold on Cycle 1, which was much more aggressive, hence shorter. ** The 0.618 Fibonacci at the time of the Halving ** It is equally interesting to see that at the time of each Halving, the price was on or marginally above the 0.618 Fibonacci retracement level from the Cycle's bottom. In November 12 2012 it was at $12 (marginally above Fib 0.618), in July 04 2016 it was at $690 (little above Fib 0.618) while in May 04 2020 it was at $10000 (exactly on Fib 0.618). This model suggest that if Bitcoin is trading again at least on its 0.618 Fib at the time of Halving 4 (March 2024), then it will be around $40000. Whether it breaks this level earlier and then retreats back to it, this projection doesn't associate with, it simply suggests where it could be at the time of Halving 4. Do you think we will be at $40k then by March 2024? Feel free to let us know in the comments section below! Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this analysis!
INDEX:BTCUSDLong
by TradingShot
4
BITCOIN Breakthrough Fibonacci Grid mapping the new Cycle!This is a unique analysis of Bitcoin displayed on a grid pattern made of the Fibonacci retracement levels (black trend-lines) applied from the top of the previous Bull Cycle to the bottom of the Bear Cycle and the Fibonacci extension levels (blue trend-lines) applied on the Lower Lows and Lower Highs of the Bear Cycle. Using the Symmetrical Pivots as the new Resistance levels/ gaps to be filled, we have mapped a potential course using those as targets on Bitcoin's way to reach its $69000 All Time High by Halving 4 (March 2024). Can that be useful in identifying potential volatility zones and mapping a course on this Bull Cycle that has just started? 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
5
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! ------------------------------------------------------------------------------- ** 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