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Bitcoin-btcusd-btc

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
BITCOIN: USD rejected on 2008 Resistance. Turning point for BTC?Following the CPI release this week, the 3rd straight month of decreasing numbers with potentially high implications on the USD, I thought it would be relevant to look at the U.S. Dollar Index (DXY) and how it's current state can affect Bitcoin (BTCUSD) relative to key turning points and correlations of the past. ** Bitcoin's Bull and Bear against the Dollar ** The chart on the top displays Bitcoin with the Green Channel being a Bull Phase, the Red Channel being a Bear Cycle and the Blue Rectangle predominantly an Accumulation Phase straight after the Bear Cycle where investors bought at a low price in preparation of the Bull Cycle. The chart on the bottom displays the Dollar Index with the Green Channel being a Rally Phase, the Red Channel a Decline Phase and the Blue Rectangle sideways movement/ consolidation. What is perhaps more critical on this 14 year chart, is the Higher Highs trend-line that started during the 2008 Housing Crisis and where DXY has been so far rejected 4 times, including the most recent hit on the weekly (1W) candle of September 26 2022. ** The 2008 Housing Crisis trend-line ** This trend-line is where the Dollar Rallies historically ended. What followed was either a consolidation phase or a decline. And as you see (and I am sure you are well aware of), the Dollar is negatively correlated with Bitcoin, meaning that (typically) when the USD trends towards one direction, Bitcoin trends towards the opposite. This is quite evident on this comparison chart. Red phases on the DXY are typically the Final Parabolic Rallies on BTC's Bull Cycles while Green phases on the DXY take place during BTC's Bear Cycles. ** Are we at a turning point? ** This is exactly where we are at now. The DXY has been on its strongest multi-month rally of recent times (Green) while Bitcoin is having its traditional Bear Cycle. With the DXY hitting its 2008 Higher Highs trend-line, the probability of a reversal gets stronger. The last two times the 2008 trend-line got hit, Bitcoin ended a Bear Cycle (January 2015) and started a Final Parabolic Rally (January 2017). As a result the probability of Bitcoin making a Bear Cycle bottom here increases. It is more likely to see an Accumulation Phase (blue) next as the Dollar tends to consolidate after such Rallies end. But what do you think? Will DXY stay below its 2008 Higher Highs trend-line and reverse, giving Bitcoin a bottom or it will break above it and invalidate this historic pattern, sending Bitcoin even lower and changing the narrative? Feel free to let me know in the comments section below! P.S. Snapshot of the chart below, in case it doesn't show up proportionally on your browser: ------------------------------------------------------------------------------- ** 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
8
BITCOIN Today's CPI rebound may change the narrative.Bitcoin is rebounding massively on its September Support Zone following the CPI release despite a higher than expected reading. Being still lower than the previous month, the markets strong defense reaction on this Support level may change the bearish narrative of the past two months. The immediate Resistance level is the 1D MA50 (blue trend-line) but the difference maker will be a break or rejection on the August 14 Lower Highs trend-line and the 20600 Symmetrical Resistance, which as we mentioned on last week's analysis shown below, has rejected the price 5 times in just over a month: A break above this highly important Resistance Cluster, can set in motion bullish break-outs that can target the upper Fibonacci retracement levels one by one all the way towards the critical long-term 1D MA200 (orange trend-line) test. On the other hand a closing below the Support Zone, would probably be translated into a break below the 1W MA300, which has been holding since the June low. Below that level, 16000, 14000 even 12000 is possible before Bitcoin bottoms. Which scenario do you think will prevail? 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! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BTCUSD
by TradingShot
25
BITCOIN 2021 RSI fractal points lowerAs Bitcoin (BTCUSD) is struggling to break above the Lower Highs trend-line that started after its November 2021 All Time High (ATH), the RSI on the 1D time-frame has been printing (since June) a sequence similar to that of mid-July - early-Nov 2021. As you see with the candle comparisons (orange for 2021 and blue for 2022), even though the RSI patterns were fairly similar during their course, the candle patterns diverged halfway through as 2021 was an (aggressive) uptrend while post mid-June 2022 has been a consolidation so far. Regardless of that and as Bitcoin is being rejected yet again on its ATH Lower Highs, does this mean we are on the verge of another sell-off? The RSI certainly points that way. 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
8