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BITCOIN 1W MA50/100 Cross! No better time to buy than now!Bitcoin (BTCUSD) saw a strong pull-back last week after it failed to break above its 1D MA100 and got rejected. We've already addressed that but what we do need to update you on is the fact that the 1W MA50 (blue trend-line) is crossing below the 1W MA100 (green trend-line). This is technically a Bearish Cross but as the chart shows, during the previous two Bear Cycles, it has always been a signal that the price has formed its Cycle low and that BTC was inside the Accumulation Zone leading to the new Bull Cycle. It is evident that the current price action is very similar to those of February 2019 and April 2015 where BTC made its 1W MA50/100 Bearish Cross following a pull-back. With the 1W MA300 supporting, we may be closer to a 2015 type price action than 2019. In any case, there is another important set of indicators showing that the bottom is in. First the 1W LMACD making a Bullish Cross. Every time it made this formation after touching the -0.20 level, BTC was well inside the Accumulation Zone of the new Bull Cycle. Secondly, the RSI on the 1M time-frame hit and is rebounding on the historic Lower Lows trend-line (Support). Every time this happened the Cycle bottom was in and when the RSI broke above its MA (yellow trend-line), a new rally (first of the Bull Cycle) started above the 1W MA50. Do you agree that this indicator combo is enough evidence that the time to buy is now? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSDLong
by TradingShot
25
BTCUSD Miner Capitulation ended! Best Buy but eyes on the USD.Two days ago the Hash Ribbon on the well-known indicator flashed a buy signal, technically ending the Miner Capitulation! What does this mean for Bitcoin (BTCUSD)? Well historically, Miner Capitulation periods have occurred on absolute market bottoms (or lows during uptrends), providing the most attractive buy entries. The 'blue' buy signal on this indicator practically marks the end of this period, which gives the most optimal entry for a long-term investor. With the price being within the Buy Zone that comes all the way from the previous Bear Cycle bottom, still on Higher Lows, continuing to imitate the December - March 2019 bottom formation process, we may be in a spot similar to Jan 12 2019, when the price broke below its 1D MA50 (blue trend-line) after having marginally broken above it previously, stayed below for 2-3 weeks but when it recovered it again, it didn't break it for months, starting the first rally into the new Bull Cycle. BTC is again currently below the 1D MA50 after trading above it for the majority of August. A break above it again, could be the last we see for months, initiating the new rally. The only objection we have against this pattern getting repeated, is the U.S. Dollar Index (DXY) displayed by the green trend-line, which has been rising aggressively since mid August and is something that isn't consistent with Bitcoin rallies. Technically, BTC doesn't rise when the USD rises as well. Check the recent history where all major bottoms (Dec 2019 and March 2020) have coincided with the USD trading at least sideways. Do you think however that the Miners Capitulation ending can provide a boost strong enough on its own regardless of the rising USD? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
12
BTCUSDT A quick and thorny way of growth BTC price to $180-230kToday, you have two fractals with a positive scenario at the base. A quick scenario - growth from the current BTCUSDT price to $180,000 by the end of May 2023. Thorny way - predicts a protracted consolidation of the Bitcoin price in the range of $20,000-26,000 until May 2023. And only after that, long-term growth can begin with the goal of $230,000 by June 2025. In both scenarios, the critical point is the $19800 level. If the BTCUSD price fixing below this level, then the next strong support is far from below - in the area of $12,000 per BTC _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
35
Bitcoin: Wrong Retrace For Long.The 24K resistance AREA is NOW established as a LOWER HIGH. I wrote about this scenario specifically in my previous article and described what the short setup would look like. Are you short? Here are some important considerations for the coming week. If you are short from the 23,500 level, by now it would be wise to take a partial profit. I also wrote about this specifically in my previous article in regards to the 20K whole number support AREA. 20K is a key level and buying activity had a greater potential to appear, and it has. Is the current price a good place for a new swing trade long? Not for a swing trade. Now that 24K is a lower high, a lower low is more likely to follow in the coming week or two. A lower low can see price revisit the 17K area or possibly the 14K support which I have been talking about for WEEKS. For smaller time frame traders, a retrace back into the 23Ks is within reason and can offer some small bite opportunities but expectations need to be MINIMIZED. If you love exaggerated stories and messages of hope about Bitcoin going back to 40K, there is plenty of misinformation available on the internet to stimulate your greed and fear. As long as price trades below the 24K resistance AREA, BEARS remain in control. Based on the current price structure and economic context, LOWER prices are likely to follow. There's no HOPE here, only objective analysis. Counter trend trades need to be managed very carefully in terms of profit expectations because the potential is much smaller relative to the short side at this time. Missed the short entry? The next best thing to do is WAIT for a retrace into the 23Ks followed by a setup OR wait for a momentum continuation pattern. What can the continuation pattern look like? At the moment, IF the next series of candles produces an inside bar, and the low is taken out after its close, then a momentum continuation pattern will be in play. Keep in mind even after such a signal, the chance of a fake out is high. Why not short now? The risk around the current location for shorts is high. Even though the broader trend is bearish, and the short term momentum is bearish, temporary short squeezes are very possible like the one from 17K to 25K. You don't want to get caught at the bottom of a short squeeze, so WAIT for prices that offer greater reward/risk AND probability. The skill in this game is recognizing changes before they are obvious. ANYONE can recognize a signal, but since the market is highly random and EFFICIENT, there is NO WAY to know if a signal will follow through. I have called 3 sell signals on Bitcoin over the recent weeks. The first two offered some profit potential, but the follow through was very limited and the reward/risk was not satisfied. That's the market, you don't question it, you accept it and adjust. Thank you for considering my analysis and perspective. I hope you find it helpful.
EIGHTCAP:BTCUSD
by MarcPMarkets
43
BITCOIN Will the historic Growth Support come to the rescue?Since the rejection on the 1D MA100 five days ago, Bitcoin (BTCUSD) has been on a short-term pull-back which got accelerated yesterday. We covered the short-term outlook with an urgent update yesterday: For long-term traders and investors, the scene is a little different and is best illustrated on the 1W time-frame. This shows the price breaking below the 1W MA200 (orange trend-line) but still considerably above the 1W MA300 (red trend-line), which was the level that provided the support and immense rebound in March 2020 during the COVID asset-wide collapse. What is perhaps more relevant than ever now, is BTC's Historic Growth Zone (blue) which has held on the mid-June low and is about to be put up to test again. That Support Zone has started back on the August 2015 low, the first after the 2014 Bear Cycle. Respecting this level, means that we are still inside the ultimate Buy Zone and therefore at the start of a new Bull Cycle. At the same time the 1W RSI is (naturally) pulling back a notch and seems to be consistent with the April 2015 and January 2019 pull-backs, which where right before the start of the first rallies of the new Bull Cycles. So what do you think? Will the historic Growth Support come to the rescue once again or not? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSD
by TradingShot
11
daily trend change back to bear likely bounce seems imminenti think its obvious that the daily trend has changed back to bearish, and the levels ive marked out, upper if we atay over pivot and lower if we remain beneath, are key support and reaistance that remain. i think we ahould revisit TRAMA and SSS levels but not outgain the QQE short entry. fibo time zone 5 is over, and the correction b wave should play outover to 8. rising and falling trendlines are long term resistance and support.
BITSTAMP:BTCUSDLong
by cerealpatterns
BTC Daily TA Cautiously BearishBTCUSD Daily cautiously bearish. Recommended ratio: 35% BTC, 65% Cash. *This bearish week was marked by degrading economic data from China, Germany and the USA, stoking global recession fears once again. China is currently seeing a weaker consumer (due to still ongoing effects of the Covid lockdowns), heat waves affecting factories, a weakening property sector (in need of infrastructural support) and slower export growth as a result of the massive global supply chain restructuring currently taking place. Germany is still reeling from sanctions and interruptions regarding the Nord Stream Pipeline as they prepare for a energy shortage this winter while the Rhine River is reportedly seeing a drought that has affected their ability to load barges to full capacity, adding to the economic growth woes they are likely to face for the remainder of the year. Meanwhile, the USA remains committed to tightening further and raising central bank interest rates beyond neutral as the US Housing and Credit market begins to show signs of weakness; this has led to a drop in the forecast for Q3 GDP. Though bearish at the moment, the uptrend in Bitcoin remains supported as long as it stays above $20k psychological support (also the uptrend line from 06/18/22). Key Upcoming Dates: S&P US August PMI at 945am EST 08/23; US Q2 Final GDP Estimate at 830am EST 08/25; US July PCE at 830am EST 08/26; UofM Final August Sentiment Survey Index at 10am EST 08/26; Jackson Hole Economic Symposium on 08/25-08/27.* Price is currently testing the 50 MA as support at ~$22k after being rejected by $24181 minor resistance for the third time since 07/20/22. Volume remains Moderate and is on track to favor sellers for six consecutive days if it can close today's session in the red. Parabolic SAR flips bullish at $25.2k, this margin is neutral at the moment. RSI has broken below 3 supports in one fall and is currently trending down at 36 with no signs of trough formation as it still technically tests 42.41 support. Stochastic is currently testing max bottom and is beginning to form a soft trough. MACD is on day two of being bearish and is currently testing 313 support. ADX is currently trending down slightly at 20 as Price falls, this is neutral at the moment. If Price is able to bounce off of the 50 MA at ~$22k as support then the next likely target is a retest of $24181 minor resistance . However, if Price continues to break down here, it will likely retest the uptrend line from 06/18/22 as support at ~$20k psychological support . Mental Stop Loss: (two consecutive closes above) the 50 MA (~$22k).
COINBASE:BTCUSD
by dailytaguy
BITCOIN Critical test for this uptrend. CAUTION needed.Bitcoin (BTCUSD) was rejected on Monday on the 1D MA100 (green trend-line) with the selling accelerating today as the price broke below the 1D MA50 (blue trend-line) for the first time since July 27. This is a critical test for this uptrend as the very stable Channel Up that started after the June 18 Low, is approaching its Higher Lows (bottom) trend-line). ** An identical Channel Up ** The 1D RSI shows that we are testing the symmetrical Support Zone of another Channel Up, that of January 24 - May 04, similar in structure with the current one. As you see as long as that Support Zone held, the price was contained within the former Channel Up. In fact that Channel was also rejected at first on the 1D MA100 and fell below the 1D MA50 (twice also) but recovered and hit the 1D MA200 (orange trend-line) where the eventual rejection started to the June 18 Low. ** 1D MA200 or 1W MA300? ** As a result, the RSI shows the limits where trading inside the current Channel Up can be prolonged. A break above the Higher Highs (top) trend-line of the Channel could be enough to hit the 1D MA200 but a break below can be extremely alarming as not only the long-term Support of the 1W MA300 (red trend-line) may be tested but if failed, even a downside extension to the 1.5 Fibonacci extension level is possible, which is exactly the first level hit when the former Channel Up broke. What scenario do you think is more probable? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
2
Bitcoin long-term view - reducing distances to EMA100Bitcoin long-term view - reducing distances to EMA100 Interesting to see the past BTC All Time Highs and the corresponding distances to the weekly EMA100 From 2013 >> 2017 >> 2021 - the distances decreased each time Does that mean the next ATH peak will only be less parabolic? Not necessarily since EVERY trend line can be broken - but maybe a possible fact to consider IMO What are your thoughts on that dear Crypto Nation? *not financial advice do your own research before investing
INDEX:BTCUSDLong
by Crypto4Everybody
ETHEREUM - BULLISH CASEWhile most of the market remains bearish and turning down is somthing we must consider there is still a lot potential of climbing up imo. We can see some powerfull patterns around price action, now correcting a bit to a median of potentialy huge channel. As far as 1740-70 holds structure of an uptrend will be hold. Finally if we can do one more push up towards 2100 and wont reject there hard I think breaking that rising wedge to the upside will be very possible and that would mean we can go parabolic above the main trend line.
BYBIT:ETHUSD.PLong
by mess_on_a_mission
1