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Bitcoin-btcusd-btc

Bitcoin: Number of Large Transactions increasingIntoTheBlock labels the large transactions those where an amount greater than $100,000 USD was transferred. In this case, the Number of Large Transactions indicator aggregates the total number of transactions that had a value greater than $100,000. The number of large transactions is a relevant metric tracking the count of transactions greater than $100,000. Since this sum of money is not available to the average retail trader on-chain, the indicator acts as a proxy to the number of whales’ and institutional players’ transactions. More info: resources.intotheblock.com An increase in the quantity of these large transactions is accompanied by an increase in price. This indicator follows a symmetrical triangle, tending to break up. Perhaps there is one last bear trap to finally reverse into an uptrend.
BLong
by andre_007
BITCOIN Close to invalidating the doomsday scenario!Bitcoin (BTCUSD) is having an impressive two-day bullish stretch as it is up +8.00% from yesterday's Low. The first key development that this price action gave us is that it broke above the Lower Highs trend-line that started on the August 15 High and as we mentioned 2 weeks ago on the following post, was dictating the pace of this corrective wave: Now the price broke above even the 20600 Symmetrical Resistance and is about to test the 1D MA100 (green trend-line) for the first time since September 13. This alone is a major buy signal. ** The Doomsday Scenario ** What is perhaps the most important outcome of this 2-day rise, is that Bitcoin diverged from the bearish pattern of the 2018/19 Bear Cycle (black trend-line) that was what we called the 'Doomsday Scenario' as it suggested that the price action since the mid-June 2022 Low was a sideways movement similar to July - November 2019 that eventually led to the final Bear Cycle flush that formed the mid-December 2018 Bottom. ** The 1D MA100 ** The chart on the right is the 2018/19 price action and the one on the left is the 2021/22 period. As you see, we've plotted the 2018/19 fractal on the 2022 sequence and up until yesterday's rise, the pattern were almost an exact match. If the current divergence closes the week above the 1D MA100, then most likely than not, the Doomsday Scenario is invalidated and BTC won't make a 2018 type collapse. ** The 1D RSI ** It is worth paying attention to the 1D RSI, which broke today its Lower Highs trend-line. The same Lower Highs break on February 08 2019, was followed with a break above the 1D MA100. After that, the 1D MA200 (orange trend-line) was hit in 5 weeks and a very aggressive rally started until late June 2019 that was supported by an unbroken 1D MA50 (blue trend-line). Do you think that Bitcoin's divergence from the 2018/19 fractal is an early signal that the Doomsday Scenario got invalidated and a closing above the 1D MA100 will confirm it? And if yes, will it start a similar 4 month rally? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
10
Bitcoin gets the "all clear" from VIX and Dollar dump!So, I've been pretty clear that disinflationary data has been coming in hot and heavy, and that at some point, the fed will have to reconsider its current extremely hawkish strategy, pivot, and become more dovish. QT will become QE. Inflation has topped. The dollar has topped. The VIX will drop. The markets will pop. For one last blowoff top. Somebody bust that rhyme for me! Most of the above appear to be taking place. Now we wait for the Fed to pivot and the blowoff top to come to fruition. In the meantime, let us take a look at Bitcoin from a technical perspective. Triangles, triangles, triangles. You will observe that after breaking out of our year-long descending wedge, the price action remained underwhelming, as it has since June. From a technical standpoint, there are two big reasons for this: #1 - Since June (with the exception of a few weeks) we have remained rangebound between $18,700 and $22,000. #2 - We hit a resistance trendline (BLACK descending TL) that also started in June AND formed the topside of another triangle we existed inside of since the beginning of September. Now, many traders were claiming this triangle was bearish with a probability ratio of 54/46 to the downside. Typically, this might be the case. My objection to this statistic became that this particular triangle poked through our RED resistance zone (now support) and outside of the year-long descending wedge; therefore, I was bullish this triangle instead of bearish. Fast forward to today. BTC has, in fact, broken to the upside and the target appears to be that descending 200 day ma. Now, if you are a follower of mine, you'll know that I entered a 5x long position at $18,300. I've adjusted my SL once to $18,500 putting me quickly in the green for this trade even with my SL triggered. I will now be moving this up again to our critical support area of $18,700. Should we remain above our 50 day ma tomorrow (RSI must also cooperate - see chart), I will move it yet again to around the $19,200 level. Congrats to those of you who are following me in this trade! Stew
INDEX:BTCUSDLong
by stewdamus
2
BITCOIN Can this pattern that has never failed before, fail?This chart represents Bitcoin (BTCUSD) on the 1W time-frame. With the price action sideways for a whole month, holding the 1W MA300 (red trend-line) as Support, comparisons with past Cycles in order to determine whether we've priced the bottom or not, are inevitable. The comparison of the current Bear Cycle to the past two, leaves us with one main impression: how similar they've been (so far). The 'so far' narrative may be coming to an end as the only thing that BTC has left to do to complete the full package of similarities is break above the 1W MA50 (blue trend-line). Apart from that, the 1W MA300 (as mentioned) is holding, which did in both previous Cycles and more importantly, the LMACD is past its Bullish Cross formed in late September and has started to open the gap and trend upwards. Notice how all LMACD crossed were formed while the MA50 crossed below the MA100 (green trend-line) to form a Bearish Cross and how the 1W RSI Historic Support Zone was once again respected. As you see during all Cycles, the RSI has bounced on that Support Zone right after Bitcoin formed its bottom. For a more accurate illustration of the comparison between all three Cycles, I have plotted the past two Bear Cycles (Grey = 2014/15 and Black = 2018/19) on the current one (Blue = 2021/22). The symmetry on the pattern followed is evident. The cyclical correlation tends to become stronger right before the Final Drop and straight after the bottom is formed. Then the Cycles diverge again as some are more aggressive than others (fundamentals involved). This graph shows that the current Cycle is lagging a bit as it has been consolidating for too long but still holds a tight resemblance especially with the 2014/15 Cycle. Does this mean that Bitcoin is ready to rebound hard towards the 1W MA50? What do you think? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
20
Bitcoin: Where's The Squeeze?The stock market (S&P) put in a dramatic bullish reversal on Friday (it does NOT matter why). Bitcoin is generally correlated to the S&P, and while it has tried to follow (tested 18,600 area low, then produced bullish pin bar), it's performance is subpar. Where is the squeeze? Where is the short covering? This lack of participation can be interpreted as RELATIVE WEAKNESS. Why does this matter? For those who are consumed with "why?", you need to realize that "why?" does not matter. Markets are driven by irrational forces, so instead of trying to point to a reason that a market moved, instead just accept the move. Trying connect logic will NOT help you anticipate moves like this in the future. Learn to trust PRICE. So lets accept the fact that markets reversed. All markets: forex, stocks, bond market. This move appears to be a function of the U.S. Dollar retrace (obviously a reaction to news). Before you accept financial entertainment at face value, REALIZE that NOTHING has changed in terms of the broader trends or price structures. While the Dollar is showing 1 bearish candle, it has yet to take out a multitude of support levels BEFORE any economic arguments can be made for sustainable rallies across other markets. One bullish candle does NOT signal a market bottom. So what does all this mean for Bitcoin? Relative to the magnitude of the reversal, Bitcoin should have at least pushed into a notable resistance like 19,500 or 20,500. Instead it can't even get out of its own way, stuck in the low 19K area. This lack of performance is likely to be a sign that no one is covering shorts, and any buying is being absorbed. IF this is true, and Dollar rallies and S&P pulls back again, Bitcoin is likely to pull back FASTER. This is the concept of relative strength or in this case weakness. And for shorts, this is a good sign. In fact, I shared a short swing trade idea recently which became active at 18,850. The trade is red at the moment, but nowhere near its stop. Based on this relative weakness, it is within reason to continue to give this trade a chance. IF a bearish catalyst comes along, it is still possible for Bitcoin to test the 17Ks or lower, especially if the S&P works its way back toward the lows. Until the broader context changes, I will continue to maintain the outlook that any rallies are not sustainable. For those who trade on hope or opinions and think this is the bottom of t he market: understand that a market bottom is not an event, it is a process. Trying to buy "the bottom" is EXTREMELY expensive. By the time the actual bottom is confirmed, price is often much higher. Being on the right side of the structure is more effective than buying at the best prices. And right now, as long as rates continues to rise, the bottom has yet to begin its process. Thank you for considering my analysis and perspective. I hope you find it helpful.
EIGHTCAP:BTCUSD
by MarcPMarkets
15
BITCOIN All bullish signals aligned but one last crucial remainsBitcoin (BTCUSD) has been consolidating throughout the whole month of October so far and as the short-term direction is neutral, it is useful to look again on the long-term charts to get a better understanding of where we might be at compared to previous Cycles. ** The 2W MA150 supporting ** This time I bring you this analysis on the 2W time-frame. Key points here to create a framework: The 2W MA150 (yellow trend-line) has made contact with the price and supported the Bear Cycle since the 2014/15 Bear Cycle. As you see the candles that have made contact so far are Jan 05 2015, Aug 17 2015, March 02 2020 and the current one. Basically this trend-line has been providing an almost flat Support since the crash of early June. ** The MA10 & MA50 ** It is common on both 2 previous Bear Cycles as well as the current one so far, that the price trades below the 2W MA10 (red trend-line), throughout the whole Cycle. In the past two, when it broke above it, a strong (initial) Bull Cycle rally took place. The 2W MA50 (blue trend-line) also plays its part. Every time the 2W MA10 crossed below the 2W MA50 (Bearish Cross), the market formed its Bottom. That happened on the recent price flush in June. When the opposite cross took place (MA10/MA50 Bullish Cross), Bitcoin had already confirmed the start of its new Bull Cycle. ** The final crucial signal that remains ** At the moment, the price has been practically stuck within the 2W MA10 and 2W MA150 since the mid-August High. A break above the 2W MA10 would be an early rally sign. In the past two Cycles, this MA10 break-out has coincided with the LMACD forming a Bullish Cross. Basically that tends to confirm the new Bull Cycle and we can claim that it is the final signal that remains. At the moment it would appear that BTC is a minimum of 2 months away from an LMACD Bullish Cross. However, it would be hard to imagine the price staying flat for such a long time but the RSI, as long as it stays on Higher Lows, shows that the price action can tolerate this. Do you think history will repeat itself and make Bitcoin rally with a break above the 2W MA10 and an LAMCD Bullish Cross? Or a break below the 2W MA150 will invalidate this cyclical pattern for good? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
26
Bitcoin - It can go either wayThis is a long-term Bitcoin idea. So many people asked me to talk about Bitcoin's chart with the log scale. We have two possible trends on the logarithmic price scale. Noise. We have noise in the $4K price range. The reason we can't be sure about counting this as a factor or not is that on different timeframes, this area isn't noise. So, either we still have a chance to pump the price back up, or this support trend is broken. For those Bulls, 100K is the resistance level which isn't impossible in the log scale. And for the bears, the following support is around the 13K levels, which is also vital; I will discuss it once we get there. Now let's see your ideas. Let's have a discussion. Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
by ShawnMCR
10
BITCOIN The Cyclical Bearish signal of the RSI*** *** For this particular analysis on Bitcoin we are using the BTCUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where Bitcoin ( BTCUSD ) is about to confirm or invalidate a very accurate signal provided by the RSI throughout the whole 2022. As you see, the RSI is currently supported on a Higher Lows trend-line that started on the September 06 Low. Throughout the year, when the RSI broke below similar Higher Lows structures, Bitcoin's price dropped sharply. What is even more interesting is that the previous two RSI break-outs happened exactly 64 days since the previous one. This is the first difference from that (otherwise) very consistent pattern: Bitcoin is currently 5 days past that 64 day strike level (October 15). This could be an early sign of a potential invalidation of this Cyclical pattern. I call it Cyclical because see how harmonically the Sine Waves guide the price action. But let's not draw the attention away from the RSI which is the key of this pattern. As long as it trades above the Higher Lows trend-line, the probabilities of invalidation get stronger. Perhaps for a pattern change a strike level can be used and this might be if the price closes above the 1D MA100 (green trend-line), which has been the Resistance since early April. If on the other hand, the RSI breaks below the Higher Lows trend-line, then the Cyclical Bearish pattern is confirmed and we should be expecting a considerably lower price. For comparison purposes I have plotted the previous three sharp drops (grey, yellow and blue trend-lines) after the RSI break-down on the current price action. Pick your poison in that case. By the way, the LMACD indicator also gives an early sell warning on this Cyclical pattern and that is when the histogram attempts to get narrower. We have started such a sequence in the past 10 days. So how useful do you think this RSI Cyclical pattern is? Do you think it will be confirmed for the 4th time in a row or invalidated above the 1D MA100 and practically establish the new Bull Cycle? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
17
BITCOIN The last stand for Bulls. Failure will be catastrophic!Bitcoin (BTCUSD) is getting at that point where, based on its previous two Cycles, will provide a decisive move in the next weeks, as presented to you on this 1W time-frame analysis. The three charts represent Bitcoin's three Bear Cycles: 2021/22, 2018/19 and 2014/15 as they appear from left to right. The LMACD indicator (logarithmic MACD) is what makes most of the difference at this point we are at, as in the past three weeks, it histogram has broken above the 0.00 level for the first time since March. With the Bullish Cross also taking place in October and the red histogram ascending, all this is consistent with the phases of the past Bear Cycles right after their Bottom and right before a rally to the 1W MA50 (blue trend-line) took place. The price hasn't yet broken above the 1W MA20 (orange trend-line) but the 1W MA50/100 Bearish Cross was formed last month and that was always past the Bottom of the previous Bear Cycles. As you see the 1W MA300 (red trend-line) was always the major Support during Bear Cycles. Do you expect a strong rebound towards the 1W MA50 in the coming weeks as per this Cycle Comparison Analysis or a closing deep below the 1W MA300 will unleash catastrophic consequences? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
24
Bitcoin warm up- i know some peoples are still waiting for 15k or 10k. - in 2018-19, some of my friends were waiting BTC to dip $1000 when BTC was around 3000$, they are still waiting right now. - Used correctly, Bollinger Band is a powerful indicator. - you need to look closely at the Weekly BB contraction. - When BB compress, it's a sign of volatility returns. - the lower BB reached 17k+ ( was around 15.5k few weeks ago ) - The lowest BTC dip was $17,580 - BTC is evolving in a flat rectangle between 17,5k and 25k, the same situation happened in 2018-2019, it's called " Consolidation ". - i can only suggest you to DCA buy instead of missing the train. - it's better to take the risk to go in between 17k5-19.5k, than wait for a price that you won't never see again. " The greed works on both sides, Bulls or Bears. " Happy Tr4Ding!
COINBASE:BTCUSDLong
by thecryer
3