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Bitcoin-btcusd-btc

BITCOIN Bullish Cross on MACD similar to the 2018/19 bottomBitcoin (BTCUSD) is about to form a Bullish Cross on the MACD (1D time-frame) as it trades below both the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line). The last time it did a similar formation on those levels while Bitcoin was recovering from a market low was on February 07 2019, during the December 2018 - March 2019 Cycle Bottom formation. What followed was an instant price rebound which around 10 days it broke above both the 1D MA50 and 1D MA100 and a little after 2 weeks it tested the Bottom Fractal's Resistance. Once BTC broke above that Resistance it instantly broke above the 1D MA200 (orange trend-line) also and the Q2 2019 rally, the first of the previous Bull Cycle was already well underway. At the moment it appears that we are exactly on that kick-start point, supported on the 12° angle Higher Lows trend-line, with the Supertrend indicator flashing red. Do you think that this emerging MACD Bullish Cross, can repeat the post February 2019 sequence? 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
29
Bitcoin: Another Sell Signal?Another minor lower high established around the 20,500 area but during a holiday period where price is likely to be very indecisive. With that, the bearish price action in the S&P and new highs on the Dollar are still facilitating an environment that favors LOWER prices over the coming week or two. As I have been writing for WEEKS, the bearish argument for the markets in general is CLEAR and has not changed. This means expect LESS from long signals and more from short signals. Until this context changes, expecting Bitcoin to rally in an economic environment that is not helpful for highly speculative assets is nothing more than irrational hope. In case you haven't figured it out yet, hope does not pay the bills. For those interested in shorting Bitcoin (I'm still not shorting it), a momentum continuation sell signal will be in play upon the break of 19,500 (swing trade idea). The risk can be measured from the 20,500 to 21,000 AREA. Keep in mind, 17K is the profit potential which in itself does not offer the most attractive reward/risk. Taking a momentum continuation signal is aggressive because often these occur at levels that are less attractive. To manage a trade like this, the idea is to give the market a chance to break 17K while at the same time going into this expecting to be wrong. Yes it is counter intuitive but this defensive mindset compensates for assuming risk at much lower probability levels. With this in mind, it would be wise to take a partial profit off at 17K IF the market offers such an opportunity. IF bearish momentum follows through, and 17K is cleared, then 14K becomes the next support and area to take profits. Again this is NOT a certainty, only a potential scenario that carries favor with the price structure and environment. Markets are highly random, which means they cannot be forecast accurately over long time horizons. If you believe otherwise, or worse, believe others who claim otherwise, then you will be misled by an opinion. Having an opinion implies you know more than the the market. Unless you have inside information, by thinking this way, it is almost certain that the market will empty your account. Respect the market, it is ALWAYS right. The best we can do is generate multiple short term scenarios that are based on technical information, while accounting for external factors that carry a lot of weight (like interest rates). This is how I assign probabilities and can make more objective choices (and NOT rely on HOPE). Assigning probabilities means you are preparing for the possibility of being right AND wrong. Knowing how to manage RISK (being wrong) is what leads to a better outcome for your account. Thank you for considering my analysis and perspective. I hope you find it helpful. (Tomorrow is a U.S. holiday, stock market is closed and I will not be conducting any streams).
EIGHTCAP:BTCUSD
by MarcPMarkets
19
BITCOIN Broke above the Triangle. Short-term set-ups to considerBitcoin (BTCUSD) broke above the August Triangle but still got rejected on the 4H MA50 (blue trend-line). This leaves us, on the short-term at least, inside neutral ground and it would be best to consider the following break-out set-ups for short-term trading. Even in the event of a break above the 4H MA50, we still have to consider the important Resistance of the 4H MA100 (green trend-line), which rejected the price on August 18 and practically caused the first important sell-off since June. As a result, we consider the space between the 4H MA50 and the 4H MA100 as a no-trade zone. A break above the 4H MA100, would be a bullish break-out signal, targeting the 4H MA200 (orange trend-line). On the other hand, a break below the Lower Lows trend-line of the former Triangle, would be a bearish break-out signal targeting the -0.5 Fibonacci extension. Notice how so far the former Lower Highs of the Triangle stopped the September 02 sell candle and turned the price action sideways on a Higher Lows trend-line (black dots) similar to August 20 - 26. At the same time, the 4H RSI has been supported on Higher Lows but rejected on a horizontal Resistance, forming an Ascending Triangle. Which short-term set-up do you think is more likely to prevail? 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
5
Bitcoin Trend Analytics September 2The key short-term bullish support sustained the price and many positions are added at this level. It’s still functioning as key support. Taking hold of $21115.19 could BTC enter consolidation. Intraday fluctuation is concentrated between the key support and intraday resistance. Monitor the key support. QT doubles in September. Fed lifts the upper limit of QT to 95 billion (60 billion treasury bonds + 35 billion MBS). The market is under the pressure of quick and massive liquidity drainage. The market expected interest rate hike in September: 50bp(28%),75bp(72%)
by BitMidas
Bitcoin following the script as expectedOn 11th of May 2022 when $BTC was $30000 I published the idea that it will drop to $14000-$12000. Back than we were in wave B of the correction. Check the link below. We are now fully underway in wave C. starting minor wave 5 of C. So the good news that the ending of the correction is near. When wave 5 of C is done, the whole correction started in November 2021 is done. The bad news (for $BTC holders) is that is still going down to that $12000-$14000 level. I have multiples Fib ratios pointing to that level. This is my analysis and does not constitute financial advice.
Short
by WavesInvesting
BITCOIN Short-term outlook doesn't look promising. Unless...This analysis is on Bitcoin (BTCUSD) on the 4H time-frame where we're looking on its short-term perspective. As you see since the August 15 High and the rejection on the 1D MA100 (red trend-line), the trend has been bearish and using the Fibonacci Channel with its extensions, better grasps the movement. The price has been closing below the 4H MA50 (blue trend-line) since August 16 and the 4H MA200 (orange trend-line) since August 18. Every major drop (black arrows) was preceded by a Channel Up/ Bear Flag pattern, where sellers accumulated. It appears that we are in such a Flag currently that is about to break downwards. On top of that, BTC failed to break above the Lower Highs trend-line tha started on the August 15 High and last time that happened (August 26), the new drop happened. We are though very close to the Channel's Bottom (Lower Lows trend-line), which broke momentarily on Aug 28, so a new drop may target the -0.5 Fibonacci extension. On the bull side, the 4H RSI has been on Higher Lows since August 19, also printing an Inverse Head and Shoulders pattern. A candle close above the 4H MA50 should be enough to accumulate buyers into targeting the 4H MA200 (orange trend-line). On the longer-term, only a weekly closing above the 1D MA100 seems capable to restore the bullish trend. Also, consider this Higher Lows zone since June 30, illustrated by the dashed lines on the chart below (I didn't include this on the main chart to make it less messy): Which direction do you think Bitcoin will follow? Break above the 1D MA50 or new drop? 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
5
BITCOIN Recovering the 1D MA100 is key for $30000 as in 2019The trading set-up on Bitcoin (BTCUSD) since the June 18 low looks a lot like the price action that followed the December 15 2018 Bottom of that Bear Cycle. There is no need to overanalyze this as a simple comparison of the two charts of 2022 and 2019 would suffice. As you see in 2019 when the price broke below the 1D MA50 (blue trend-line), it entered the final stage of Accumulation inside a Channel Down before the first rally of the new Bull Cycle. The pull-back was contained above the 0.786 Fibonacci retracement level. Once the price broke above the 1D MA50 but more clearly above the 1D MA100 (green trend-line), there was considerable buying accumulation that in just over one month broke also above the 1D MA200 (orange trend-line) to reach the 2.0 Fibonacci extension. This Fib is on today's set-up around 32700. The 1D MACD patterns so far are fairly similar. One more Bullish Cross on the MACD may confirm the bias to break above the 1D MA50 initially. Do you think that as long as the 0.786 Fib holds and the 1D MA100 breaks, BTC can reach 32700? 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
9