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Bitcoin-btcusd-btc

BTC Daily TA Neutral BullishBTCUSD Daily neutral with a bullish bias. Recommended ratio: 51% BTC, 49% Cash. * SELL-OFF WATCH. The US June CPI report was released this morning and surpassed the 8.8% market consensus estimate with a 9.1% reading (Core CPI exceeded the 5.7% consensus estimate with a 5.9% reading). Cryptos, Equities, Treasuries, and Commodities initially sold off on the news but then came off of intraday lows to close the session flat or slightly up; all while USDX came off of a 20 year high of $108 in today's session . Logically, the Yield Curve (10 yr Treasury note yield fell below 2 yr Treasury note yield) inverted to levels not seen since 2007; which is prompting institutions like Bank of America to call for a 'mild recession' in 2022 . Fed Funds Rate Futures are currently at 97.50, implying that markets expect a 100bps rate hike on 07/27 to get the EFFR (Effective Federal Funds Rate) from 1.58 (current) to 2.5; the current probability of this happening two weeks from now is around 70%. That said, it's still premature to assume that this high-CPI rally isn't a short squeeze because there isn't enough current data to support that inflation has peaked.* Price is currently testing $19417 support after forming a Double Top (Hidden Bearish Divergence with RSI + Stochastic) at $21.5k. Volume is Moderate and currently on track to break a three day streak of seller dominance if it is able to close today's session in the green. Parabolic SAR flips bullish at $22.5k, this margin is neutral at the moment. RSI is currently trending up at 39 after bouncing off the uptrend line from 06/18 at 34, the next resistance is at 42.41. Stochastic remains bearish and is currently trending down as it begins to form a trough at 44. MACD remains bullish but is trending down slightly as it forms a soft peak at -869 minor resistance; if it crosses below -1160 it would be a bearish crossover, the next support is at 30. ADX is currently trending down slightly and is forming a soft trough at 30 as Price is attempting to rally off of $20k, this is neutral at the moment; if ADX is to start trending up as Price goes up, this would be bullish but if ADX continues trending down as Price continues up this would be mildly bearish. If Price is able to defend support at $19417, the next likely target is a retest of the one-month high at $22k before potentially testing $24180 minor resistance . However, if Price breaks down here then it will potentially retest the uptrend line from April 2017 at ~$15k as support for the first time since September 2020. Mental Stop Loss: (one clear close below) $19417.
COINBASE:BTCUSD
by dailytaguy
BITCOIN Clash of theories and the possibility of 10K as bottomBitcoin (BTCUSD) is on the 4th straight week of sideways trading following the mid June low. By doing so, it reached the bottom (Higher Lows) trend-line of a Channel Up pattern that fits perfectly BTC's price action since April 2013. With the LMACD hitting the Support trend-line of Feb 2015, all this looks like a Cycle bottom but let's examine this more carefully with the help of additional indicators. ** The Channel and its extremes ** As you see on this chart, the price action has broken above the Channel Up only twice these 9 years and that was during the formation of the November 2013 and December 2017 Cycle Tops. Those Bullish extremes took place exactly on the 1.5 Fibonacci extension. There hasn't yet been a break below the bottom of the Channel but it is possible to do so if the price action fails to hold the Higher Lows trend-line in the coming weeks. ** The Bearish extreme argument to $10000 ** If it does fail, then we may very well see the first Bearish extreme and what better candidate for a bottom than the symmetrical Fibonacci level of -0.5. Bottoming there makes a perfect fit for an approximately -86% drop from the Cycle Top, which is a consistent correction percentage with all previous Bear Cycles. That would pull Bitcoin down to marginally below the 10k USD level. ** The LMACD ** As mentioned before the LMACD is on the Support level that marked both previous Cycle Bottoms. If this fails, it could be a first indication that we will be going for that first Bearish extreme of the Channel. On the bullish side though, if it holds, it validates this historic pattern which on the upside has two Lower Highs trend-lines that shape Cycle Tops. The oldest one that started in June 2011 has projected all Highs below the last two Cycle Tops. Since Dec 2017 it is the Diverging Lower Highs trend-line that marks the actual Cycle Tops. As a result, if the LMACD Support holds, keep an eye for a rather vast visit to the 2011 LH line for a first rally high similar to June 2019. But what do you think about that? Do you expect the Channel to hold or go for a -0.5 Fib Bearish extreme of around 10000 USD completing a -86% 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
30
BTC/USDT : Possible scenarios in every timeframesBINANCE:BTCUSDT BINANCE:BTCUSDTPERP FTX:BTCUSD BITFINEX:BTCUSD BYBIT:BTCUSD BITSTAMP:BTCUSD COINBASE:BTCUSD BITMEX:XBTUSD Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! Are you'll ready for a $BTC's analysis tour? Follow me in 3 Charts... In 15Minutes Time-Frame, $BTC has formed a bullish cup&handle and the neckline has been located on $19500 - $19600. - So if we get the closings above $19600, Then the breakout will be confirmed and bias could change into bullish, In terms of that; The market can climb to $19925. - Otherwise, If we get the rejection below the marked blue zone, Then It's very possible for us to locate our Short towards $18800, Once it gets the hold below $19300. --------------------------------------------------------------- In the bigger picture, We have another two possible scenarios, In continuation of our last scenarios! - As you can see, $BTC has broken below the last week's low and it's total bearish in the first view, But there'll be always a possible deviation on every break. So, If we get the closings above $20000, Then we can confirm the deviation and our second Long towards $22000 will be triggered... - Also, The bearish phase is still on, So if we get the closings below $18700, Then we can lay on our Shorts again and hold them till $16800. --------------------------------------------------------------- In our biggest picture today, We can see that the last two analyzes have a continuation relation together and this chart has the last relation with all of the two before! - Currently, $BTC is moving in a bearish pennant, and in terms of a break below, It'll fall again as much as the pole has marked. So, If we get the closings below $18600 or better to say $17600, Then we can confirm our possible dive to $15400. - But also, There can be a pullback scenario as $BTC's still moving into the pennant. So, If we get the closings above $23400, Then we can locate our Longs till $28550. Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
BYBIT:BTCUSD.P
by Helical_Trades
11
Bitcoin BTCUSD deviation from 1 year averageThe indicator show the amount of deviation from the yearly average price. As can be seen, the March to April 2021 highs deviated extremely from the yearly average. Bitcoin's price tends to swing from being above the yearly average to below it. IF Bitcoin was to now drop to a similar deviation below that would be extremely severe. Personally I think it's more likely that the swing is similar to the LAST swing up in Nov 2021. This opposit swing can also be seen on the chart and shows that Bitcoin has already pretty much moved the same distance below the yearly average as it did when it moved above in in Nov 2021. Could this mean the dump is nearly over?....
COINBASE:BTCUSD
by The_Mummy
1
BITCOIN Adam & Eve = a common bottom patternBitcoin (BTCUSD) failed to break above the 4H MA200 (orange trend-line) last week and the pull-back is testing the 4H MA50 (blue trend-line) today. Despite the short-term weakness, we have the completion of an encouraging pattern, the Adam & Eve (A&E). I've displayed next to today's price action, three A&E patterns from recent history (Sep 2020, March 2020, Dec 2018), all of which formed bottoms on BTC. Notice the formation of a Golden Cross following the completion of all patterns. A new Golden Cross (when the MA50 crosses above the MA200) is close in today's sequence as well. In addition, the RSI sequences are also quite similar on all. Do you think a break above the 4H MA200 confirms this pattern and essentially the bottom? 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:BTCUSDLong
by TradingShot
12
BITCOIN Bear Market ending this summer. Charting the next Bull.This is an analysis of Bitcoin (BTCUSD) on the 1M (monthly) time-frame where its long-term (historic) Cycles are best viewed. This is a combination of some previous studies of mine with adding the element of Cycle Channels instead of the Parabolic Growth Curve. ** The LMACD ** As you see those also effectively depict the notion of decreasing volatility and diminishing returns over time, which is a natural consequence of increasing adoption. This is also illustrated by the LMACD indicator (bottom pane), which shows slowing volatility and right now has completed 10 months in the red. During the previous Cycles, it recorded 10 and 12 months during the 2018 and 2014 Bear Cycles respectively before BTC formed the bottom. This shows that the bottom is either already in or should be priced by September. ** The Halvings ** Another factor that completely matches that date is the pre Halving nature of Bitcoin that during the previous two events, bottomed 17 and 18 months respectively for Halving 2020 and 2016. The next Halving (no 4) is expected for March 2024 and 18 months before the event, place the bottom this September as well. ** The MA Fibonacci multiples ** The added element of the MA multiples on this chart, gives a fresh idea of the huge Support offered by the 1.62X multiple (green line). Each Cycle though has found Support a Fib level higher each time. M21 (red trend-line) and M13 (orange trend-line), are the candidate levels for the Top of the upcoming Bull Cycle. That is currently within 107k and 173k approximately. Do you also think the new Bull Cycle is closer than most expect? 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
26
Bitcoin: 14K Support Test This Week?Bitcoin has established a lower high just below the 22K resistance zone and is poised to close below 20K by tonight's weekly close. While price action is slow and appears to be out of play, the bearish factors cannot be ignored. In this report I will share potential scenarios that can unfold in the coming week. Earlier in the week, Chairman Powell had a speech and Bitcoin attempted to produce a bullish reversal signal (see bullish pin bar on the 29th). In those situations, momentum should follow through, but instead, bearish price action continued into Friday. This further confirms the weakness in this market. There is NO reason to be long or be optimistic about higher prices any time soon. This is not an opinion, this outlook is based on two factors: price structure AND economic environment. While it is possible to have bear market rallies, they have very little potential and sustainability. Price could not even reach the 22K MINOR resistance zone in its previous rally attempt. Lower highs often lead to lower lows and not only is 17K likely to be tested this week, but a break is also favored by the current structure. A break of 17K can take price into the 14K area which is the next historical support zone. And in light of the current environment, bearish catalysts are more likely to appear and have more of an effect than any bullish catalysts. Is shorting a good idea now? For day trades, sure because if there is a squeeze you can exit quickly for a small loss. For swing trades, the risk is too high at this location. While price is not favored to rally, it is still closer to a minor support. The probability is low but an irrational squeeze can appear out of no where and take price back into the 22K resistance. Are you willing to take that chance? While swing trade shorts are favored, I would consider them to be aggressive at these levels. A more conservative scenario would be to see price break 17K followed by a retest of the 18 to 20K area which would be the new resistance to evaluate for positions. Its not about forecasting the next move, its about preparing for potential scenarios, and then letting the market come to you. You can't react, you have to anticipate and that begins with good preparation. Good preparation is rooted in objective analysis. Analysis and trade decisions are NOT the same process. How would you describe your analytical process? Thank you for considering my analysis and perspective. I hope you find it helpful.
COINBASE:BTCUSD
by MarcPMarkets
63
BITCOIN Gaussian Channel & RSI turning upwards. Bottom forming?Bitcoin (BTCUSD) is on the 5th straight week after the Gaussian Channel (GC) turned red on the 1W time-frame. In the past two Cycles, the market formed a bottom 6 weeks after the GC turned red on the December 10 2018 candle and 4 weeks on the January 12 2015 candle. Additionally, the 1W RSI has reversed upwards after last week's double bottom. Those formation are consistent with all prior Cycle Bottoms. The 1W MA300 (red trend-line) is at 16790 and, as I mentioned numerous times, is the trend-line that supported BTC on March 2020, Aug 2015 and Jan 2015. A case against the bottom can be made by the fact that the price is trading below the 1W MA200 (orange trend-line) for the 4th straight week. That has never happened before in BTC's history and is certainly a factor to worry about. In the event of a weekly (1W) candle close below the 1W MA300, the next trend-line that lastly supported a Bear Cycle was the 0.5 X multiple of the 1W MA300 on the October 17 and November 14 2011 Bottoms. Do you think the above is enough evidence of a bottom being formed right not on BTC or you're expecting a break much lower than the 1W MA300? 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
25