Get started

Bitcoin-btcusd-btc

BTC market overview for July 28The market is in the uptrend on the Daily timeframe starting from July 19 after breaking through $21,955 - the upper border of the resistance. The correction came to an end yesterday, and the market is rising now. This correction formed another resistance with the borders of $24,280 - $23,390 This price zone is the target for the bullish movement after the correction is finished. And we see that the price has already hit this zone Scenario 1 : The market continues to go up, and breaks through the resistance. The next target is on the highs of June 7 - $31,965 - $31,400. Scenario 2 : The price bounces from the resistance and the correction starts Scenario 3 : The market reverses and the bearish trend begins. Signals to buy are relevant until the market is above the support . The nearest support was formed yesterday.
BITSTAMP:BTCUSDLong
by JIexa1701
BITCOIN A mind-blowing approach to Cyclical Theory based on DXY This is an alternative representation of Bitcoin (BTCUSD) and its Cyclical behavior based on the long-term price action of the U.S. Dollar Index (DXY). A simple yet eye-opening approach that links BTC to the USD more than any other asset. ** Traditional Cycle Theory vs BTC/DXY Divergence/ Convergence Theory ** Traditional theory suggests that Bitcoin's current Bear Cycle is the 4th one. The 1st was in June - November 2011, 2nd in December 2013 - January 2015, 3rd in December 2017 - December 2018 and 4th (current one) in April 2021 - now. However this BTC/DXY Divergence/ Convergence Theory shows that Bitcoin could only be trading on its 2nd ever Historic Cycle and in fact preparing for the final rally that will complete it (curved arrow). ** DXY hyper rally and BTC Bear Phase ** How's that so? Well by looking at the DXY (green trend-line on your chart), we see that the hyper rally it has been trading on since May 2021 is identical to that of March 2014 - March 2015. Both started a few weeks after Bitcoin peaked (4) and started a Channel Down correction (Bear Phase) that would find a bottom (5) and prepare for the final rally. When that happened in mid 2015, the DXY had peaked and turned sideways for an extended period of time (almost a year). Bitcoin's final rally peaked (6) when DXY bottomed. ** The Cycle's Bullish Megaphone pattern ** But what led to this Bear Phase (4-5) and rally (6)? Well it was a period of volatility on DXY which formed a Bullish Megaphone pattern on Bitcoin. The early phase of the pattern (1-2-3) was accumulation after BTC's rally peak (6) when DXY had recovered from its April 2011 bottom and traded on high volatility and as this sideways move progressed, BTC gained power. Notice the huge Divergence (Rectangle pattern) where Bitcoin peaked (6) and DXY bottomed that was what paved the way for Bitcoin's Megaphone. The Convergence happened on Phases 1-2-3. ** This is Bitcoin's only 2nd Cycle ** As you have noticed, this is the exact same pattern that Bitcoin and DXY haven been trading in since December 2018. The Divergence led to the Convergence of the two and creation of the new Megaphone (1-2-3), which based on the model is just its 2nd Cycle ever. DXY's hyper rally that started in May 2021 following the crash of March - December 2020 due to the COVID trillion rescue packages, which distorted DXY's true bottom, gave rise to the April 2021 - now Bear Phase (4-5). This is where we are today. With the DXY on a 1 year hyper rally, which has most likely reached its top as its identical March 2014 - March 2015 rally was completed in one year. If that's the case, then Bitcoin's Bear Phase has also bottomed and as discussed at the start of the analysis, it is entering the short accumulation phase that will initiate the final rally outside of the Bullish Megaphone, which validates being its only 2nd Historic Cycle. But what do you think? Do you agree with the BTC/DXY Divergence/ Convergence Model indicating that we are only on Bitcoin's second every Cycle? And if so are we about to see the DXY turning sideways and a mega rally on Bitcoin? Feel free to share your work and let me know in the comments section below! P.S. Because this chart has two assets together, it may appear distorted based on your screen's/ browser dimensions. The original looks like this below, so if yours doesn't, adjust the vertical 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:BTCUSD
by TradingShot
23
BTC sees swift retrace below $21,000, a retest of upside next?Bitcoin price analysis: BTC sees swift retrace below $21,000, a retest of upside next? Bitcoin price analysis is bullish today. BTC/USD broke past $21,000. Selling pressure is currently weak. Bitcoin price analysis is bullish today as we expect another retest of upside after a strong drop over the last 24 hours set another clear lower local low. Therefore, we expect BTC/USD to rally back towards previous support at $21,500 and set another lower high.
BITSTAMP:BTCUSD
by henryartem
BITCOIN The ultimate Bear pattern slowly breaking to the upsideThis is a very interesting pattern that perhaps was ignored but paints Bitcoin's (BTCUSD) whole picture during this Bear Cycle. ** Mini Channels within Main Channel Down ** As you see the dominant structure has been a Channel Down but with the use of the Fibonacci Channel levels we can see that it can be divided into two secondary (mini) ones that seem to have almost the same trading pattern (the first (A) within the 0.0 and 0.382 Fibs and the second (B) within the 0.618 and 1.0 Fibs). The RSI sequences tend to agree with that thesis and right now we are at the point after the mini Channel (A) broke above the 1D MA50 (blue trend-line), which following a pull-back to the 0.786 Fib, rebounded to the -0.236 extension. That happened to be on the 1D MA200 (orange trend-line) at the time and causing a rejection, kick-started mini Channel (B). ** The Bearish and Bullish extremes ** We may be missing an important detail though. By breaking above the 1D MA50 last week, BTC broke above the main Channel Down of the Bear Cycle. However it did a proportional break to the downside of the Channel on December 04, which I call (Bearish Extreme) and that came close to the -0.236 Fib. Similarly this may be the Bullish Extreme to the 1.236 Fib symmetry. A break above it, invalidates the bearish bias and breaks the main Channel Down completely to the upside, opening the way for a new pattern for the first time since the November 11 2021 All Time High (ATH). As a result it would be ideal to break above the -0.236/1.236 Resistance cluster above as soon as possible to confirm the first pattern into the new Bull Cycle. Until then there seems to be heavy sell accumulation around 26k. Do you think this is the ultimate pattern we've been ignoring for so long and if yes do you expect a break above the 1.236 Fib extension to take us into the new Bull Cycle? 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
7
Bitcoin - Does turbulence lie ahead? In the past few weeks, we reiterated our lack of belief in the trend reversal in Bitcoin. We said the price bounce would be temporary and that it was too premature to call the bottom. Additionally, we stuck to a short-term bullish call and medium/long-term bearish call. Furthermore, we also hinted at signs of weakness that led to the inability of BTCUSD to continue higher. Among these developments, we also hinted at structural problems in the cryptocurrency market. These also remain today with the latest addition of Coinbase to troubled companies in the sector (due to alleged investigation). Threats from higher interest rates, economic tightening, and global recession also continue to persist. With these new developments in the market, we turned bearish on Bitcoin in the short term. That is mainly due to Bitcoin retracing below 21 868 USD. We said that such development would be bearish in the setup we introduced in our latest idea. Accordingly, we stick to what we said. However, if the immediate resistance/support is broken to the upside, it will cause us to turn bullish again. Because of that, tight stop-losses should accompany trade entries. *The FED meeting is scheduled for Wednesday. We will be very cautious as the FED is expected to raise interest rates and further worsen economic conditions.* Illustration 1.01 Illustration 1.01 shows the daily chart of BTCUSD. It also shows the downward sloping channel. The upper bound connects two peaks and acts as the resistance; meanwhile, the lower bound is parallel to the upper bound and acts as the support. Technical analysis - daily time frame RSI and Stochastic turned bearish. DM+ and DM- performed bearish crossover. The MACD is neutral. The ADX contains a relatively low value which hints at a weak trend. Overall, the daily time frame is bearish. Illustration 1.02 Recently, we hinted at the presence of low volume accompanying the breakout above 21 868 USD price tag. We noted that this was a sign of weakness, and if the volume stayed insufficient, then the market was due to reverse abruptly. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
26
Bitcoin short-term view - breakdown of bullish flagBitcoin short-term view - breakdown of bullish flag (a) This occurred without bullish divergence - a fakeout seems not likely (b) the move stopped at the important $21.000 Bulls hope for a kind of W-shape pattern with a second leg on the FIB golden pocket combined with a bullish divergence on RSI Bears hope for a confirmation of the breakdown What are you dear Crypto Nation - BULL or BEAR? *not financial advice do your own research before investing
COINBASE:BTCUSD
by Crypto4Everybody
BITCOIN Closing of the month reveals the start of the rallyThis is Bitcoin (BTCUSD) on the 1M (monthly) time-frame. I am using various indicators to plot the current position relative to past Cycles and the more you add, the closer it looks that the market has bottomed. ** The importance of the LMACD ** As we have 1 week before the end of July, the monthly candle closing can reveal a lot, particularly in terms of the LMACD indicator. As you see in the past two Cycles, then the 1M LMACD histogram turned from dark red into light red, BTC had already priced its Cycle bottom. At the moment, the LMACD is exactly at the point where the past two Cycles bottomed. So giving a light red histogram next Monday (August 01) will most likely confirm the start of this Cycle's Accumulation Phase. That Accumulation Phase, can be fast (2019) or slower (2015). It appears that closing above the 1W MA20 (blue trend-line) is the difference between having a faster or a slower phase into the new rally. ** The Gaussian Channel ** In any case, having held the 1W MA300 as Support as it did twice in 2019 and 2020, the price looks ready for accumulation. An indicator that I have never used on this time-frame, is the Gaussian Channel. However it provides excellent insight because, as you see on the chart, when the price (almost) touched its green trend-line on March 2020 and August 2015 (circles), a strong rally began. Right now this trend-line is closer than ever and if Bitcoin accumulates some more before breaking to the upside, it can hit it by November, if not sooner as it is aggressively rising. In my opinion all the above paint a very promising 2nd half to the year for BTC that can end with an aggressive rally. Do you also see the LMACD as being the key for starting the new phase? 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
19
Bitcoin: Trend Reversal In Play?Bitcoin has pushed into the 22 to 24K resistance and appears to be developing a higher low formation. Is this the beginning of a bullish trend? It is too early to arrive at such a conclusion. In this article, I will explain why and what to look for in the coming week. First thing to keep in mind: The broader price structures have yet to be compromised and continue to favor a bear market. The 22 to 24K resistance is the first area that needs to be cleared before I would be open to the greater possibility of higher prices. A buy signal may be in the process of setting up at the moment, but it is appearing in a very conflicted location. It is the LOCATION that carries more weight in this instance, signals can appear ANYWHERE randomly. Until 24K is CLEARED, I will continue to maintain a bearish outlook. The coming week is heavy with economic events and major company quarterly reports. With the yield curve still inverted, not to much has changed in terms of the economic environment and continues to favor a more bearish outcome in the near term. Any surprises resulting from the events this week can act as a very bullish or bearish catalyst and change things VERY quickly. Understand that markets are HIGHLY efficient and mostly random which means NO ONE, no matter what kind of nonsense they throw at you can accurately forecast how this situation will play out. The best we can do is evaluate price structures and gauge a short term probability. And when it changes, YOU CHANGE WITH IT. There is no room for absolute opinions in a market environment that is random. The best way to keep risk to a minimum in this situation is to operate on smaller time frames or stay out completely. Long setups are extremely risky, and while the location is attractive for swing trade short setups, there are none at the moment. Recent sell signals have offered small profits and have not followed through at all which could be an effect of lower than usual activity associated with summer time (this is very typical for stock market in the U.S.). IF you are operating on smaller time frames: The 21,500 AREA is potential minor support and a break and close above 23,250 is a new buy signal. IF price manages to clear 24K this week, then the 28 to 30K area is the NEXT resistance zone to consider. There is NO WAY to know if price will get there. Trades have to be monitored closely, especially in the face of important economic events. Bear market rallies are confusing because they often go against "logic". Markets are IRRATIONAL and can do whatever they want for ANY reason. Learn to TRUST and LISTEN to PRICE NOT PEOPLE OR LOGIC. Being a LISTENER of the market, I am completely open to the possibility of a trend change, BUT the proof has yet to appear. Thank you for considering my analysis and perspective. I hope you find it helpful.
COINBASE:BTCUSD
by MarcPMarkets
25