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Bitcoin-btcusd-btc

BITCOIN Do we have a clear recovery pattern based on pastCycles?Just as we are waiting for today's Fed Rate Decision, Bitcoin (BTCUSD) remains low, in fact it is the closest it has been to June's Low with the 1W MA300 (bold red trend-line) approaching from below. Is this the last selling before a bottom is formed. One way to look at it is by analyzing Bitcoin's past Bear Cycles. On this analysis we will compare the structure of the current (2021/22) Cycle to the previous two, 2018/19 and 2014/15. Let's look at the similarities: * All patterns have hit the 1.5 - 1.618 Fibonacci Zone following their most aggressive sell-off of the Cycle. The 2018/19 Cycle recovered after making a 2nd low and pull-back on a W-shaped pattern, while the 2014/15 had two pull-backs on an M-shaped recovery. * No (weekly) candle closed below the 1W MA300. * All RSI sequences formed a Falling Wedge pattern and when it broke to the upside (for 2018/19 and 2014/15), it signaled the start of the new Bull Cycle. For 2021/22, it broke upwards this month. * The 2018/19 and 2014/15 MACD sequences formed the final Bullish Cross (green arrow) after bouncing on the -0.20 level, which is where the MACD is currently at. Also their red histograms where on an Ascending (Higher Lows) pattern. The first green bars after that, signaled the start of the Bull Cycle. As you may have noticed, we are using the Fibonacci MAs on these charts, painting a fairly clear picture of the steps the price took within the Cycles. So far, BTC's current Cycle is extremely consistent with the past two, especially with the 2014/15 one. If yet another Cycle gets completed by repeating this, then we are either at the very low and the start of a rally is imminent on a W-shaped recovery, or we will bounce once more and pull-back to test the 1W MA300 towards the end of the year, before starting the new Bull, on an M-shaped recovery. Which of the two do you think is going to be? Or do you expect to close below the 1W MA300 and invalidate this historic model? 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
80
BTCUSD 21/9/22' 02:30UTC-4Asset: Bitcoin Hello guys, looks like it was still about right time to jump in at moment of yesterday post. Everyone who decided jump in,grats but I would still suggest being carefull and pateint. There is still high chance of revisiting E to T1 area and with it another opportunity to entry around suggested Targets above Equilibrium. After we may experience a quick decline. For now, we are in ideal scenario with our Short trade, sitting around 3,5% in profit from our ideal entry. To protect capital I would suggest Stop Loss in Break Even area, just enought to not press it pre-maturely in scenario of possible shakeout. Expecting big volatility around 8am, be carefull. Happy trading, Joe Yesterday idea
INDEX:BTCUSDShort
by cryptocapitaltrading
Bitcoin: analysis for September 20The market is in the uptrend on the Daily timeframe. The market reached the support level on September 19 and the bullish candle was formed. That formed the pullback buying opportunity. The first target in the upward movement is the resistance level formed on September 11 – 13 with the borders of $22,355 – $22,780. In case of successful development of the trend, a more distant target will be on the highs of August 12 – 15, where the next resistance is located with the borders of $24,500 – $25,210. Long positions will remain relevant until the market is above the nearest support level on the Daily timeframe. The borders of this support are $18,395 – $18,777.
BITSTAMP:BTCUSDLong
by JIexa1701
BITCOIN 1W On Balance Volume calling for the ultimate buy nowThis Bitcoin (BTCUSD) analysis is on the 1W time-frame, utilizing a historically key indicator, the On Balance Volume (OBV). This has helped us spot both buy and sell opportunities in the past, especially since 2013, and as the market is trading sideways, potentially forming the Cycle bottom, it is perhaps the ideal time to take a look into it again. Since 2013, the OBV has been trading within a Channel Up. The red arrows present tops on (or near) the Higher Highs trend-line, hence sell opportunities, while the green arrows present bottoms on the Higher Lows trend-line, hence buy opportunities. As you see, BTC has been trading on the Channel's Higher Lows trend-line since the June 13 1W candle. Since it is holding it and gradually trending upwards along with the Higher Lows trend-line, it is a sequence consistent with all prior market bottoms. The 1W MA50/100 Bearish Cross has been formed this month, strengthening the bottoming argument. If the model continues to play out as it did all these years, then with should be expecting a rally soon with a 1st medium-term target on the middle of the OBV Channel Up and a 2nd on the Red Resistance (circle), which is the extension of the first Lower High of the Bear Cycle. Do you think the OBV model will continue this pattern and deliver 48k-50k by Q1 2023? 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
50
back to life( BTC analyze )Think positively Consider the black line as the largest and most reliable uptrend line in Bitcoin And the red line as the most reliable downtrend line of Bitcoin The blue range is the most important demand range. I expect the price to go up and down a bit in this range In the worst case, after 22% decline, we hit the black line, and in the continuation of the movement, we can break the red trend line and enter the bull market (real failure). We may even come a little lower than the black line (just a shadow), but if the candle closes below the black line... Everything is clear, Bitcoin analysis is completely clear. The black line must be touched at any price, close your short trades when the black line is touched. At the time of encounter, we can decide on the continuation of the process. And what is your opinion?
by ALILAZGIPOUR
7
BITCOIN 1W Chaikin and Stoch show we are entering the new BullThis is a Bitcoin (BTCUSD) analysis on the 1W time-frame using the Chaikin Oscillator and the Stochastic. It is not common to see those two indicators, especially on such an asset, but despite being overlooked, they offer an excellent explanation of where the price is trading relative to its previous Cycles. ** The Chaikin Oscillator ** The Chaikin Osc, which is displayed by the red histogram has been mostly trading below the 100.00 level since the start of the year (Jan 2022). We saw the same trading pattern during the late 2014/ early 2015 Cycle bottom formation and to a shorter extent during the November 2018 - March 2019 Cycle bottom formation. Observe how symmetrical the peaks (which made Lower Highs during the Bear Cycle) of the Chaikin are. ** The Stochastic ** Now take a look at the Stoch, which also forms Lower Highs during Bitcoin's Bear Cycles, a pattern that is again consistent throughout the current Cycle. At the same time, there is a noticeable Support Zone. At the end of that zone, after the last Lower Highs, the Stoch prints a Higher Lows formation, quite volatile, which then aggressively breaks to the upside the breaks the 80.00 level. It appears that BTC is currently at this exact stage. Every such Chaikin - Stoch combo in the past Cycles has always come after the Bottom and indicated that BTC was at the start of the recovery Channel (green), which slowly but methodically led the price to the previous All Time High that gave way to the Parabolic Rally that eventually ended the Cycle with the new High. Do you agree with the above evidence. Has BTC entered the Bull Channel or we haven't seen the Bottom yet? Feel free to share your work and let me know in the comments section below! P.S. Because the chart having the Chaikin Osc plotted together with the BTC candles, it is not constant and may appear distorted based on your screen's/ browser dimensions. The original looks like this below, so if yours doesn't, adjust the vertical/ horizontal axis in order to make it look like this and better understand what is illustrated: -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSDLong
by TradingShot
69
BITCOIN Bottom completed. Bull Flag about to start the 30k rallyBitcoin (BTCUSD) is having a red week so far (1W time-frame) following last week's rebound. The worse than expected CPI is leading this pull-back fundamentally. Technically though, the price remains both above the Support provided by the 1W MA300 (red trend-line) and the Channel Down that started after the mid-August High. As long as no further Low is made, this Channel can be technically considered a Bull Flag, and is consistent with both prior Cycle bottom sequences. ** Past Cycles bottom formation ** As you see on this chart, the pattern that emerged after each prior Cycle bottom, was this Bull Flag. The price basically started to break above the Flag when a 1W MA50/ 1W MA100 Bearish Cross (1W MA50 in the blue trend-line crossing below the 1W MA100 in the green trend-line). Once the 1W MA50 break, the price never looked back and the parabolic rally of the new Bull Cycle took off. The 1D MA200 (black trend-line) is the first level of Resistance on the medium-term and is currently around 29800. The importance of this is high because on those past Cycles, every time the 1D MA200 crossed below the 1W MA100 to form a Bearish Cross, the Cycle's Bottom was priced. ** The Fibonacci levels as Targets ** Back to the 1W MA50, once it broke, the price reached the 0.5 Fibonacci retracement level, which was just above the 1W MA100, very quickly in fact in a matter of 3 weeks. The next Target on the medium-term (and Resistance) for both prior Cycles, was the 0.786 Fibonacci. In 2016 it was hit in 32 weeks after the 0.5 while in 2019 in just 6 (but that was a rapid growth based on, among others, the Libra fundamentals). ** What's next? ** All the above suggest that if the same cyclical pattern continues to play out, Bitcoin should complete the Bull Flag now and start rising as the 1W MA50/100 Bearish Cross has been formed. A realistic technically target towards the end of the year would be the 0.5 Fib at $33900, where by that time it can make contact with the 1W MA50 potentially. We can then expect a 0.786 Fib test at just above $49000 by Q2 2023. All this calculated as the average projection of the past 2 Cycles. Do you agree that this Bull Flag, following the MA50/100 Cross is about to start a rally to test the August High and then $33900 before the year is over? 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
32
btceur bull market till May 2022 at 15000 on 10 week cyclesIf bitcoin will not break 65000 €uro ca $75000 in December then we are in bull market and following 5 cycles in 10 week periods till May 2022 will be selling cycles, Price will slowly fall up to 15000. Green arrows are the cycles when buying is profitable (except the unpredictable fluctuation in March 2021 the COVID panic month). Red are the 10 week periods when selling shorting is profitable Whole is n big parallel channel
by viparmenia
5