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Bitcoinsignals

BITCOIN May 2020 VS April 2022 Halving. Striking similarities.Bitcoin (BTCUSD) is only a few days before the new Halving event and is already below its 1D MA50 (blue trend-line) for the first time in 2 months, having broken the previous Ascending Triangle pattern. This is a sequence that we have seen before during the previous Halving (May 11 2020). Of course the Halving took place at the start of the Ascending Triangle and not after it broke but we want to grasp the general picture and as you see the price action around this critically important fundamental event is very similar. The goal now is for BTC to hold its 1D MA100 (green trend-line) intact as it did in June 2020 (also held it last time on January 23 2024, which delivered a remarkable rebound) and attract new long-term buyers. Notice also the similar 1D RSI Falling Wedge patterns. The 2020 Triangle reached its 2.0 Fibonacci extension, so that is our next medium-term Target at $90000. Do you think the 2020 fractal will be repeated? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
27
BITCOIN Holding the ATH Zone! Is this like 2017?Bitcoin (BTCUSD) made a sharp decline on Saturday and is now in the process of recovering. The 1W candle wick dived as low as the low of almost 30 days back (March 20), extending the 1-month consolidation since March 13 High. This is of course directly related to the fundamental aspect of BTC's Halving, which is due at the end of the week and historically exerts high volatility onto the market. Buy even from a technical point of view, those two sell-offs found Support and held the (red) All Time High (ATH) Zone, which is the range taken from the closings of the previous ATH candles. As we can see on the right chart, it was the exact case on the 2014/ 2017 Cycle, which is the Cycle that we first here most tightly correlated Bitcoin's current Cycle. More specifically, the March 20 and April 10 2017 1W candles, were both contained at the bottom of the ATH Zone and sharply extended the rally right after. This means that the Halving event can be the ideal fundamental 'excuse' to kick-start the rest of the technical rally and fulfil the pattern. But what do you think? Will history be repeated once more? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
2
Bitcoin Can Go Down by 🚨Classical Patterns🚨🚨Bitcoin started to fall again after the news of a possible War between Iran and Israel and reacted well to the 🟢 Heavy Support zone($61,100-$58,690) 🟢. 🏃‍♂️Bitcoin is currently moving near the 🔴 Resistance zone($66,100-$64,500) 🔴. 📈It also seems that Bitcoin has managed to break the lower line of the Symmetrical triangle , and at the same time, it is forming an Eve & Adam Double Top . 🔔I expect Bitcoin to continue falling again , at least to the Pitchfork line . ❗️⚠️Note⚠️❗️: If Bitcoin can go above the 🔴 Resistance zone($66,100-$64,500) 🔴, we can expect an increase in Bitcoin. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
9
Bitcoin- Bulls held strong, so no need to worryThe recent geopolitical tensions have impacted BITSTAMP:BTCUSD , further highlighting that it is not merely a safe haven but rather a risky asset. However, this drop appears to be primarily an emotional reaction. The technical level that I've been discussing for quite some time, originating from the 62k zone, has held strong. Following this dip, the price has reversed and is currently trading with almost a 10% rise from the recent bottom. Medium to long-term bulls need not fret as long as the aforementioned level remains intact. My strategy remains unchanged: buying dips in anticipation of a new all-time high in the 80k neighborhood.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
3
Bitcoin RoadMap 2024/2025The thesis I will present today will go over the idea that Bitcoin will repeat its first cycle over a longer length of time. There are a lot of theories on where Bitcoin is going next, and it's been interesting seeing so many different perspectives. Every 4 years, Bitcoin follows through with its cycle, and we are now in the 4th cycle. So, what if it repeats the first cycle? The first cycle is a interesting one , we had two tops, one big move followed by a 75% correction and after 231days we put in a higher high. Last cycle nearly every single logarithmic model I was using broke expect the one you see in the main chart above, I know every model breaks eventually but until then we will base are projections around it. The fact is there is not much room left from here , if Bitcoin repeats the same move and time then we looking at July at around 113k for a major 2024 top , for over 500 days now Bitcoin has been moving 100% every 120-140 days with the last move only taking 50days. What is interesting is it took 1200days from Pi cycle cross to cross , if it repeats the next cross is in July and a my projected cross which will most likely not be very accurate since moving averages will move a lot depending on price but late October 2024 would be the cross. Monthly RSI is the lowest its ever been in history coming back into all time high. 2Week RSI putting in nearly perfect lower highs since the start. Bitcoin all time high consolidation pattern looking like it did last cycle in 2020 when it was back at 20k. Looking over at my time cycles , it takes 1400days from cycle top to top this would put a cycle high in September 2025 from November 2021. It also lines up with my time fib in September 2025. Elliott wave indicator is flashing a wave 5 both of NAS100 and Bitcoin , as you can see by going back in time its not 100% perfect and calling the top but pretty close most of the time , as you can see last cycle it was off by 3 weekly candles. We are making lower highs on the Weekly and higher highs in price so bearish divergence could be forming here. stochastic RSI pointing down and MACD histogram printing two lighter colours but as you can see stochastic last bullrun we were going down the entire time Bitcoin was going up. Conclusion There are some warning signs but there weak compared to the bullish signs , candle structure is still making lower highs from 4hour upwards and we forming same pattern as we did last cycle before massive run. This is how I think it plays out , last phase of the first run is coming until end of July then massive correction into end of year and continuation of the bull run till cycle top September 2025.
BNC:BLXLong
by Sporia
4
BITCOIN The Mayer Multiple + Megaphone Roadmap.Bitcoin (BTCUSD) is approaching the top (Higher Highs trend-line) of the Cyclical Megaphone pattern and the current consolidation comes as a natural consequence of the Resistance pressure in close proximity. Technically, BTC has formed almost the exact same pattern during the previous 2 Cycles. The Megaphone starts when BTC breaks and re-tests the orange Mayer Multiple (2nd std from top) and extends towards the green MM (bottom std). As the price hits the yellow MM (3rd std from top), it consolidates, even has a short-term technical pull-back, which respects the 1W MA50 (it never breaks until the Cycle Top). Once the top of the Megaphone breaks, Bitcoin starts the final and most aggressive phase of the Bull Cycle towards at least the orange MM. As a result, we expect a similar behavior once Bitcoin breaks above the Megaphone. A fair estimate for a Target Zone would be 150k - 200k. Do you think that's realistic? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
3
BITCOIN consolidating around ATH = Mega BUY!Quick comparison of Bitcoin's (BTCUSD) current Cycle to the one in 2014 - 2017, which is the one that has been most tightly correlated to and as you can see by the charts below, we have spotted since January 2023, right at the market bottom: The current consolidation around the previous All Time High (ATH) region is a clear buy signal, in fact based on the 2014/17 Cycle, it is the last we might get before the Parabolic Rally (green) phase starts. As you can see both Cycle's started with a Falling Wedge leading to the bottom, then the Accumulation Phase as soon as the price broke above the 1W MA50, leading to the 1st take-off Phase to test the ATH. The 1W RSI will mostly stay overbought from now on until the top of the Cycle, which is not the essence of the current idea, but we expect it to be at least at 200k. The 1W MA50 (blue trend-line) should continue to support until the Cycle Top. But what do you think? Do you expect BTC to start the parabolic rally phase shortly after the Halving which is around a week's time? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
13
🗺️Bitcoin Roadmap🗺️⏰(4_hour time frame)⏰✅Bitcoin broke the upper line of the classic Symmetrical Triangle Pattern a few hours ago. 🌊Regarding Elliott's wave theory , Bitcoin seems to have completed wave 4 with a Double Three Correction(WXY) in a symmetrical triangle. 🌊Currently, Bitcoin is completing microwave wave 3 of main wave 5 , which can complete around an All-Time High($73,777) ( or even a little higher ). 🔔I expect Bitcoin to start rising again to complete the main wave 5 after the pullback to the upper line of the symmetrical triangle and at least rise to the upper line of the Ascending Channel . ❗️⚠️Note⚠️❗️: If Bitcoin can break the 🟢Support zone($69,300-$67,800)🟢, the scenario will change and we have to wait for Bitcoin to fall further. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
13
BITCOIN About to break the 3-week Triangle! How to trade it?Bitcoin (BTCUSD) has been trading within a (dashed) Triangle pattern since the March 14 High, supported twice by the 1D MA50 (blue trend-line). The price is testing today the top of that pattern and going back to November 2022 at the bottom of the Bear Cycle when the Fibonacci Channel Up begun, we can see that a similar pattern emerged two more times. The first (January - March 2023), the Triangle broke downwards, hit the 1D MA100 (green trend-line) and then rose aggressively towards the 1.786 Fib extension. The second Triangle (December 2023 - January 2024) broke to the upside but then got rejected at the top of the (blue) Channel Up (Channel Fib 1.0) and pulled-back to the 1D MA100 before rising even more aggressively towards the 4.5 Fib ext. The common fact is that on both cases, the price touched the 1D MA100 eventually before rebounding. At the moment though, BTC is above the former (blue) Channel Up and is transitioned into a Fibonacci dynamic pattern. As a result, there is no obvious Resistance right above besides the 2.0 Channel Fib extension. A bullish break-out this time may not necessarily require a 1D MA100 test before a more aggressive rise. Since however the new Halving event is expected in a week and a supply shock may initially cause a decline upon news that might already priced in, traders are advised to keep some 'dry powder' for a final test of the 1D MA100. We have two targets for the medium-term: Target 1 at 85500 (marginally below the 1.786 Fib ext) and Target 2 at 120000 (marginally below the 4.5 Fib ext). The signal to buy with more confidence on the 1D MA100 would be if you see the 1D RSI hitting the green cup pattern again as it happened on the previous price Triangle cases, which as you can see, have been fairly similar, getting overbought (above 70.00) prior to the Triangle and then deflating as the Triangle formed. Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
Bitcoin- Are new ATHs still on the horizon in the near term?Since reaching the recent all-time high (ATH) near 74k in mid-March, BITSTAMP:BTCUSD has corrected to the 61k zone support and has begun consolidating thereafter. Despite significant volatility over the past three weeks, the overall outlook remains predominantly bullish, offering reassurance to medium to long-term holders. Furthermore, upon examining the daily chart, it becomes evident that this consolidation is gradually narrowing, forming a symmetrical triangle, which typically signals continuation. Additionally, following the breach below the interim support at 68k on Tuesday, the subsequent reversal has resulted in a Morning Star candlestick formation, while yesterday's NFP report provided further evidence of bullish momentum with a Pin Bar candle. At the time of writing, the price has returned to the 68k median level, showing determination to retest the 70k mark once more. To confirm a new upward trend, bulls will require stabilization above 71k, at which point, the measured target for the triangle pattern around 80k comes into focus. My bullish stance persists as long as the price remains above the 62k zone.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
6
BITCOIN The Golden 51%-49% Ratio! 600 days of Bull Market left!This is a really simple Bitcoin study on which I calculate the remaining days of the current Bull Cycle we are in based on the Top, Bottom and Halving of each Cycle. These parameters are effectively used to distinguish the Bull from the Bear Cycles. Tops are obviously where the Bull phase ends and Bear starts, while the Bottoms are where the Bear phase ends and the Bull starts. ** The 51%-49% Ratio and the important of the Halvings ** The focus of this study is the Bull Cycle. As you see on the chart there is a striking similarity on each Cycle. The phase from the Bottom to the Halving is 51% of the whole Bull Cycle while the rest (Halving to Top) consists the 49%. Practically we can claim that the Halving seems to be the middle of each Bull Cycle. ** So where are we now? ** Based on the above ratio and with the 3rd Halving scheduled on May 12th, 2020, we can calculate that the first phase (51%) of the current Bull Cycle will last around 520 days (Bottom made on December 15th 2018). The 49% which based on the previous two cycles has been the second phase should therefore last around 505 days, placing the Top of the current Bull Cycle in early October 2021! This means that there are around 600 days of Bull Cycle left!! Of course there are and will be several other parameters that can influence the cycle (we saw that on the April-June 2019 parabolic explosion) but this is a good (and so far very accurate) pattern that long term Bitcoin investors can follow. It certainly answers the question "is it too late to buy?" though! Do you agree with this estimate of have another pattern in mind? Let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! BONUS MATERIAL a shorter term perspective:
BITSTAMP:BTCUSDLong
by TradingShot
399
BITCOIN still has at least 500 days of Bull Cycle ahead !!!Back in February 2020 we published one of our most popular ideas, the 'Golden 51%-49% Ratio': And in December 2022 exactly on the last Bear Cycle's bottom, we updated it issuing a mega buy signal for long-term traders and investors: As you can see, this couldn't have been more accurate and today, as we are only 2 weeks before Bitcoin's 4th historic Halving, we are giving you an update with a few extra elements! ** Cycles and LGC ** The Bear Cycles are displayed by the red Rectangles and the Bull Cycle by the green. What's noticeable here is that BTC only recently got out of its Logarithmic Growth Curve (LGC), which is unusual before a Halving event. Being that close to the range that is basically Bitcoin's historic Buy Zone, indicates its huge potential moving forward in this new Bull Cycle. ** The Golden Ratio ** However the highlight of this analysis remains the Halving's Golden Ratio, which implies that the time distance from the Bear Cycle's bottom to the Halving is almost equivalent to the distance from the Halving to the Bull Cycle's top. It has held beautifully on the 3 previous Cycles and there is no reason not to expect it to unfold this time also. ** 500 more days of Bull ** This indicates that we have at least another 500 days of Bull Cycle ahead of us and the best part is that those will be in the form of the most aggressive part of the Cycle, the Post-Halving Parabolic Rally (green Megaphone)! But what do you think? Do you expect the 51%-49% Golden Ratio to hold again? If yes, at what price do you expect Bitcoin to peak? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
4
⚠️Bitcoin is Ready to Go Down again by Wedge Pattern⚠️🏃‍♂️ Bitcoin is moving near the 🔴 Resistance zone($69,000-$67,800) 🔴. 🌊According to Elliott's wave theory , Bitcoin seems to be completing wave 4 . 📈The Classic Ascending Broadening Wedge Pattern is also visible in the chart. 🔔I expect Bitcoin to fall to at least near the Support line after breaking the lower line of the Ascending Broadening Wedge Pattern . ❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴 Resistance zone($69,000-$67,800) 🔴, the scenario can be bullish, and Bitcoin will go to a new All-Time High(ATH). ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
5
BITCOIN Will we see 60k before 100k?Yesterday we discussed from a 4H perspective (see chart below) why it would be technically possible and above all healthy for Bitcoin (BTCUSD) to pull-back to the 1D MA50 and then rebound: Today we approach this from the 1W time-frame where the results are virtually the same. As you can see, Bitcoin has pulled-back towards the 0.382 Fibonacci retracement level measured from the previous Low on both previous corrections. Even the April - June and July - September double corrections last year (2023), both didn't exceed the 0.382 Fib. With the underlying long-term pattern for BTC being a Channel Up since the November 2022 (FTX crash) bottom, such a pull-back would be a new Higher Low. As you can see every Bullish Leg to a Higher High is slightly weaker progressively. The 1st was +104.28%, the 2nd +96.69% (-8% lower), the 3rd +92.48% (-4% lower), so we may have a pattern here where every Higher High's decreasing rate is -50% lower each time. This indicates that the next Higher High may be -2% less, i.e. +90.48%. That gives us a $110000 Higher High target but it is always safer to start taking profits (medium-term at least) around $100k. So if this model continues to repeat those systemic sequences, we are looking at the possibility of a 60-58k pull-back towards and marginally after the Halving and then new rally to $100k. It is worth mentioning that every time such Higher Low pull-back took place within the Channel Up, the 1W MACD either made a Bearish Cross or a very tight Squeeze. We can already see the MACD reversing downwards. So what do you think? It is more probable to see a 60k pull-back before a new rally to 100k? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
15
BITCOIN a 1D MA50 test is quite likely before 100k.Bitcoin (BTCUSD) broke and closed below its 4H MA200 (orange trend-line) for the first time in 2 months (since February 05). Last time such a pull-back off a Higher High took place was on January 12 (orange circle), which confirmed the extension of a short-term correction that found support on the 1D MA50 (red trend-line) and rebounded. That was a -21.41% decline from the top. On today's sequence a -21.41% repeat would again make contact (or come very close) with the 1D MA50. That could coincide with the Halving event, two weeks from now and would make for a very healthy correction. In our opinion that is the most optimal and low risk level to add more buys for the long-term 100k Target. But what do you think? Will BTC correct to the 1D MA50 or a rebound from the current levels is more probable? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
3
🚨Bitcoin Analysis🚨✅As I shared with you in previous posts, Bitcoin attacked the 🟢 Support zone($69,000-$67,800) 🟢 two times. 🏃‍♂️Bitcoin is moving in the 🟢 Support zone($69,000-$67,800) 🟢 and near the Support line . 🔔Based on Market Cap USDT Dominance% (USDT.D%) conditions, I expect Bitcoin to rise to $70,200 at most and then attack the Support line . The Rising Wedge Pattern is still Valid . 💡Bitcoin also seems to be completing a pullback to the lower line of the symmetrical triangle . ❗️⚠️Note⚠️❗️ : If Bitcoin can break the Resistance lines , we can expect a new All-Time High(ATH) for Bitcoin. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
9
⚠️Bitcoin Can Dump By Rising Wedge Pattern⚠️🏃‍♂️Bitcoin is moving near the 🔴 Resistance zone($73,700-$71,800) 🔴. Above the 🔴 Resistance zone($73,700-$71,800) 🔴is also an important 🟡 Potential Reversal Zone(PRZ)($82,800-$73,700) 🟡. 📈From the point of view of Classic Technical Analysis , it seems that Bitcoin has succeeded in breaking the lower line of the Rising Wedge Pattern , and there is also the possibility of forming a Double Top Pattern . 📈We can also look at the Market Cap USDT Dominance% (USDT.D%) chart for a better analysis of Bitcoin. Yesterday, I analyzed USDT.D% for you. 📈 USDT.D% has succeeded in breaking the upper line of the Falling wedge, and this is good news, which confirms the breaking of the lower line of the Rising Wedge Pattern in the Bitcoin chart.👇 📈Also, the Market Cap BTC Dominance% (BTC.D%) chart will also be bearish and can help the fall of Bitcoin.👇 🔔I expect Bitcoin will Go Down at least to the 🟢 Support zone($69,000-$67,800) 🟢, and if it breaks, we can expect BTC will go down to the Support line and Fibonacci cluster. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
27
BITCOIN hit a record 7 straight green months! NOT APRIL FOOL'S !Yes it is not April Fool's, Bitcoin (BTCUSD) just closed a record 7 straight months of gains for the first time in history. Since it's inception, there hasn't been an exchange where BTC made more than 6 bullish monthly (1M) candles in a row. What started in September 2023 as merely a hold and bottom formation on the 1M MA50 (blue trend-line), eventually evolved into a record breaking sequence. In fact, Bitcoin has only had 3 red months in the past 15, which makes the feat even more impressive! Being the lengthiest such bullish sequence in history, doesn't mean that the rally is over. In fact, we can argue that it has only just begun as based on the 1M RSI, which is trading within the 0.786 - 0.618 Fibonacci Channel range, we are on symmetrical terms relative to past Bull Cycles, where the price was on November 2020, February 2017 and February 2013. We can see that this is an impressive symmetry, and shows that we are at a point far from the cyclical peak. The previous 3 Cycles topped 12, 10 and 10 months from that RSI position respectively. If this continues, we can expect Bitcoin to rally for at least another 10 months before the Cycle peaks and the RSI approaches the Channel Top where we can gradually start taking profit! But what do you think? Does this impressive 7-month bullish streak still have at least 10-month fuel in it? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BITSTAMP:BTCUSDLong
by TradingShot
14
BITCOIN immediate target is 78k based on this SPX fractal.Bitcoin (BTCUSD) is currently repeating on its 4H time-frame a fractal of S&P500 (SPX) on its 1W time-frame. As BTC is pulling back towards the 4H MA50 (blue trend-line) and a Bullish Cross is about to be formed, the symmetric development on the S&P500 fractal indicates that this Bullish Cross should be treated as a Buy Signal. On S&P500 it started the aggressive rally that the market is currently still on. As you can see, both fractals started with a Bearish Megaphone after their respective tops, hit and held their MA200 (orange trend-line), while a MA50/ MA100 Bearish Cross marked the Bottom. The Channel Up that emerged led the recovery. From an RSI perspective a similar Channel Up took both to the overbought territory after an oversold Double Bottom, which was an additional Buy Signal. As a result, for BTC we are now on the 0.786 rejection phase and after this pull-back is completed, the S&P500 fractal suggests that the target should be just shy off the 1.382 Fibonacci extension. We therefore have $78000 as our immediate Target. Do you think it can be achieved on such a short period of time? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
3
BITCOIN Can it hit $200k on this Cycle?Bitcoin (BTCUSD) continues to see enormous grow, despite the recent 2-week consolidation (blue circle) after breaking the previous All Time High (ATH). BTC is no stranger to such a consolidation as it also took it 3 weeks trading sideways when it hit the ATH during the previous Cycle in November 2020. What followed after that was an aggressive rally marginally above the 1.618 Fibonacci extension and after a pull-back to the 1W MA50 (blue trend-line), it rebounded for a "Double Top" Cycle peak marginally above the 1.618 Fib one. The two sequences are identical, and the similarities on the 1W CCI even are striking. Symmetry is at its best and it may be attributed to the fact that the dominant pattern for Bitcoin in the past 7 years (since July 2017), has been a Channel Up. The Fibonacci retracement levels offer an excellent display of the price movements and symmetry of the trends. As a result, we are expecting a parabolic rally to break-out soon, with a first Target on the 1.618 Fib at $180000. If the same "Double Top" formation is followed, we can even see a Blow-off Top as high as $200000. Both of those targets are restrained below the 0.786 Fib level of the Channel Up. It BTC follows the standard Higher High pattern on Channel Ups, we may even see prices as high as $300k but best to take the more conservative route. But what do you think? Can we reach $200k during this Cycle? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
16
BITCOIN Brace for the strongest rally of the Bull Cycle.Bitcoin (BTCUSD) is about to enter the most aggressive part of the Bull Cycle, the Parabolic Rally. That is the final bullish sequence at the end of which leads to the All Time High (ATH) and new peak of the Cycle. What makes it the most aggressive part is its Higher Highs angle, which historically has been the greater on each and every Cycle. More specifically, the Parabolic Rally tends to start after BTC breaks above its previous ATH (blue circle). Until then, the angle degree (°) of the Higher Highs is low, with the current Cycle being 31°, the previous one of 2019/20 at 18° and the one before of 2015/16 at 26° (2019/20 Cycle was taken as such in order to filter out both the Libra euphoria and the COVID crash). This trend-line starts at the same time the 'Accumulation Triangle' starts, which leads to the ATH rally test. The Parabolic Rally in the last 2 Cycles has been 71° and 66° respectively. Each Cycle's ° degrees of the 2 Higher Highs trend-lines give a sum of 89° - 92°. Since the current Cycle has the first Higher Highs trend-line on a 31° angle, the Parabolic Higher Highs should be a minimum of 58°. This suggests that by June we may have hit the 100k psychological benchmark and by September even extend to $150000. But what do you think? Have we entered the most aggressive part of the Bull Cycle and if yes, are such targets realistic that soon? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
17
🚨Bitcoin Is Ready to Fall🚨🏃‍♂️Bitcoin is moving in 🟡 Potential Reversal Zone(PRZ)($66,120-$65,350) 🟡 and Resistance line . 🌊According to the Elliott wave theory , Bitcoin seems to be able to complete the Zigzag Correction(ABC/5-3-5) in PRZs (🟡 Potential Reversal Zone(PRZ) ($66,120-$65,350)🟡 has more chances). 💡Another sign that we can point to Bitcoin correction is the formation of the Head and Shoulders Pattern . 🔔I expect Bitcoin to fall at least to my Pitchfork lines on the chart. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
59