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Bitcoinsignals

⚔️Bitcoin is ready to attack the Resistance Line⚔️(15-min)🏃‍♂️After decreasing a few hours ago, Bitcoin is again close to the Resistance Line . 🌊In terms of Elliott wave structure , Bitcoin has completed five impulse waves and is currently completing corrective waves . 🌊It seems that the structure of the corrective waves is of the type of Expanding Flat(ABC/3-3-5) . 🔔I expect Bitcoin to start going up from one 🟡 Price Reversal Zone(PRZ) 🟡, break the Resistance Line , and reach the 🔴 Resistance Zone 🔴. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Bitcoin difficulty jumps 6% to a new peak as miners ignore the BTC price dip. Bitcoin (BTC) May See Another Big Obstacle: Bloomberg's Mike McGlone 🌐➖ Negative News ➖🌐: FBI: North Korean hackers may be looking to sell $40 million worth of Bitcoin. Nearly 90% of Bitcoin Short-Term Holders Are Underwater, Onchain Data Show. -------------------------------------------------------------------------------- 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 be glad to 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
76
BITCOIN Not many opportunities to buy it at a better discount.Bitcoin (BTCUSD) had a noticeable correction recently, bringing the price back to mid-June levels and spreading fear across the market. This effect isn't however until we zoom out to the larger time-frames (1W on the current study) and the multi-year Cycles that we realize that this is a natural technical phenomenon, an early Bull Cycle correction after the first rally of the new Bull market. As you can see we compare today to where the price was in 2019, 2015 and 2012 all 238 days before the Halvings of their respective Cycles, which is how long away we are currently (238 days/ 34 weeks) from Halving 4 (estimated in April 2024). In 2012 and 2015, the price was within the 0.618 and 0.786 Fibonacci retracement level, same as today. The exception is 2019 when the price was considerably above that zone, mainly due to the sheer aggressive nature of the 2019 rally. However the correction that followed was equally strong as (even excluding the COVID crash), the price scratched the top of the 0.618 Fib. As a result, we can argue that BTC is exactly where it is supposed to be during that respective phase of the Cycle, based on its historic cyclical activity. This doesn't mean that it can't fall some more, but most likely there won't be many opportunities to buy it at a better discount. Do you think that's the case or are you waiting for a (much) lower price to buy? 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! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸
CRYPTO:BTCUSDLong
by TradingShot
15
Bitcoin scalping ideaBINANCE:BTCUSDT.P Possible Targets and explanation idea ➡️We got Daily FVG marked with levels ➡️On 1H timeframe 3 main pools, 2 of them we swiped ➡️Walk from liquidity to another liquidity. now road to 27761 and 28701 ➡️ At this levels need to see price reaction from sellers. ➡️ If there is no reaction road to 35-48 possible in October till May 2024 if we take a look globally Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
Will BITCOIN continue its correction? Short trade #1Hello colleagues! We decided to present our thoughts on the cryptocurrency market in the form of trades! We will number all trades and after some time we will analyze all our trades and determine their effectiveness. How do you like this format? Write in the comments! Today, the price of BTC updated the local lows of August 1st. This happened at low trading volumes and without an aggressive reaction from buyers. In our previous idea , we indicated the critical point for the medium-term growth wave - this is 28710. This critical point was broken by the sellers, so it's time to see where to open a short position in BTC. A second. But we recently published a long trade on Bitcoin. How to combine it? Everything is very simple. Approximately in the range where we opened a long position, we plan to open a BTC short . If the stop order on the long position is triggered, we will receive a profit on the short position, which will pay off the loss of the long position and the profit will still remain. An identical situation will occur if a stop order on a short position is triggered. The logic of opening a short position: 1. Buyers did not hold the price in the range of $28900-29100 2. After the update of local minimums, buyers did not show their aggression. 3. BTC price growth during August 1-8 looked more like a correction after a falling wave. Entering a short position in BTC - Range 28900-29400. A retest of this range will confirm the weakness of buyers. The width of this range is due to increased volatility in the Bitcoin market. Stop loss is 29782. In our opinion, if the price of BTC reaches our stop order, then nothing will prevent buyers from continuing to grow and disrupt liquidity above 30500-31000 in the form of seller stop orders. The target is 26500-27200. Consolidation took place in this range during May - June, where the positions of buyers accumulated, which they will defend. So there is a chance of a bounce up. We allocate $5000 for this trade. In case of error, we lose $100. If the trade works out, we will receive $344. What do you think about this trade? We are waiting for you in the comments!
Short
by P_S_trade
42
Bitcoin is making the 🚩Contracting Triangle🚩(15-MIN)⏰🚩Bitcoin seems to be forming a Contracting Triangle . 🔔I expect point E of the Contracting Triangle to complete after the next Zigzag correction is completed, and then Bitcoin will start to fall to the lower line of the Contracting Triangle. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Bitcoin’s Flash Crash to FWB:25K : Long-Term Holders Unfazed by Market Panic. PayPal Stablecoin PYUSD Trading Launches on Major US Exchange. Crypto Market Cap To $145 Trillion: Wall Street Analyst Says XRP Is The Coin To Hold. Oman Introduces a Crypto Mining Center Valued at $350 Million (Report). New asset manager Empowered Funds has filed to list three Bitcoin futures ETFs. Top UK university partners with AI startup to analyze the crypto market. Bitcoin (BTC), largest crypto, might be getting closer to 'last buying opportunity' before radical growth phase. 🌐➖ Negative News ➖🌐: ‘Disappointing’ ETF Decisions By SEC Blamed for Bitcoin Selloff. Vitalik Buterin stirs market uncertainty with $1M Ethereum transfer to Coinbase. Deleted tweet indicated suspension of EUR transactions via SEPA system. Heavy short position by Michael Burry on S&P500 and NASDAQ. -------------------------------------------------------------------------------- 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 be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
9
Bitcoin could rebound, but I'm not very optimistic After almost 2 months of consolidation, Bitcoin dropped hard last week breaking under the channel's trend line support. In my opinion, this break is very important and signals a top at around 30k and the resumption of the long-term downtrend that started 2 years ago. Technically speaking, at this moment the price is above horizontal 25000-25500 zone support and a rebound could follow. This rise should be viewed as an opportunity to sell in anticipation of a break under 25k with a target of around 21k. Only the price back above 30k would negate this strongly bearish structure
BITSTAMP:BTCUSDShort
by Mihai_Iacob
28
BITCOIN First time on the 1D MA200 in 5 months. Disaster ahead?Bitcoin (BTCUSD) hit yesterday the 1D MA200 (orange trend-line) for the first time since the March 10 2023 Low and closed a 1D candle below it for the first time since January 12 2023. Can this be an early warning that the worse have yet to come? It certainly could, considering that the price also broke and closed below the Higher Low trend-line that started BTC's recovery from the Bear Cycle back in December 2022. However the (massive) decline is so far contained within the March Channel Up. As long as it stays above the Channel's bottom, we expect a short-term (at least) rebound to test the 1D MA50 (blue trend-line) at 28800. Below it, we expect the 1W MA50 (red trend-line) to be tested at 24000. In addition, the 1D RSI hit the 20.45 Support level (massively oversold) that was formed on the bottom of June 18 2022. But a weekly candle closing below the 1W MA50 could be catastrophic and reverse the long-term trend to bearish again. Do you think that's the case? 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! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
14
BITCOIN The secret buy based on the GOLD/SPX ratio!This is not the first time we post this analysis but it as it starts to get increasingly relevant again, we thought it would be the perfect timing to refresh your memory. As you can see we are on the 1W time-frame, charting Bitcoin (BTCUSD) against the GOLD/SPX ratio(blue trend-line). The conclusion that this comparison offers can be very valuable. When the GOLD/SPX ratio peaks and starts pulling back, Bitcoin starts the Parabolic Rally of its Bull Cycle. At the moment the GOLD/SPX ratio is at the bottom of a Channel Up similar to 2018 - 2019. When the ratio broke that Channel to the upside, it peaked as in February 2016 and started to decline. At the same time Bitcoin kick started its Parabolic Rally. Will you be on the look-out for such a spike and then buy or buying now is as good as any? 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! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
8
BITCOIN This is the last barrier standing before going parabolicBack in May we first showed on this channel the unique Bullish Cross that the KST indicator was about to make and how the previous three clear (July 2020, January 2016 and June 2013), all have kickstarted major Parabolic Rallies. The Bullish Cross was completed in late May, BTC rose again in June on a new yearly High but failed again to break above its 3W MA50 (blue trend-line). This is the last Resistance standing on a Cyclical basis as in the previous Cycles once the 3W MA50 broke, it turned into Support (exception of course the COVID flash crash in March 2020) that guided the price into the Bull Cycle's final parabolic rally. But what do you think? Is the MA50 the last barrier for Bitcoin before turning it into Support and breaking out parabolically? 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! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸
INDEX:BTCUSDLong
by TradingShot
23
BITCOIN rally starting and next Top expected at least $200k!Bitcoin (BTCUSD) has made a 1D Double Bottom and seems to have priced the final low before a new rally that will take it to a new yearly high. The price is already on a 15 day high and it is an excellent time now to look at potential highs for this Cycle. As we've done in the past, we will rely on the long-term time-frames for a more meaningful illustration of BTC's historic Cycles. Those are patterns that have repeated themselves over and over again, with some variations of course based on the current market conditions. ** The Fibonacci Channels ** Right now the price is above the 1W MA50 (blue trend-line), on a 8-month rally that hasn't been anything like short-term Bear Cycle rallies. The previous Cycles topped near Fibonacci trend-lines of prior Cycle Channels. For example the December 2017 Cycle Top was formed just below the bottom (Fib 0.0) of the orange Fibonacci Channel that started from the previous Cycle bottom. The November 2021 Top was formed just below the middle (Fib 0.5) of the blue Fibonacci Channel. This could be a +0.5 Fib progression and in that case the Top of the current Cycle might be just below the top (Fib 1.0) of the black Fibonacci Channel that started on the December 2018 bottom. ** The Halvings and $200k ** The 1.0 Fib at the time of (the next) Halving 4 (April 2024) will be above $200000, and as we know after each Halving, Bitcoin posts the most aggressive (parabolic) rally of the Bull Cycle. So that leads us to assume that the Top of the current Bull Cycle will be at least $200k. To give a relative sense of pathing, we have plotted the 'post Halving rallies' of the previous three Cycles on the current Channel starting on Halving 4. Do you think that we will see $200k by 2025 Q3? 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! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
30
BITCOIN 3D Golden Cross just formed! Road to ATH begins!Bitcoin (BTCUSD) just completed a new Golden Cross pattern, this time on the 3D chart. Naturally the price is trading above both the 3D MA50 (blue trend-line) and 3D MA200 (orange trend-line). In the previous 2 Cycles, once the Cross took place, the 3D MA200 turned into a Support (technical exception of course is March 2020 and the COVID crash, which is though a Black Swan event, the price would have continued upwards if it wasn't for that). With the 3D MA50 guiding the price, the next stop for the uptrend that started was the All Time High (ATH). Due to the Libra euphoria and other positive fundamentals regarding adoption that delivered the 2019 3D Golden Cross faster, it took BTC around 100 days more to reach the ATH in 2020. It could be a fair estimate that Bitcoin would have reached the current ATH ($69000) by around this time next year. But what do you think? Is this final Golden Cross the ticket to a new ATH? 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! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
23
BITCOIN volume is decreasing, yet price is rising. What to do?Bitcoin (BTCUSD) has been extending its recovery since late November, following the FTX crash but is doing so on a Decreasing Volume. In fact the volume is currently on historically low levels. Decreasing volume is associated with easy price manipulation and rightly so it is getting a lot of market participants worried as during rallies it tends to make the trend fragile. ** Decreasing volume in previous Cycles ** A simple look however, at past Bull Cycles is enough to provide a good understanding of the current situation. This chart (4D time-frame) shows that there was Decreasing Volume following all previous major market bottoms, especially in times of extreme capitulation such as the March 2020 COVID crash, or the August 2015 Bitfinex crash. With the FTX crash in early November 2022 being such a capitulation even, there should be no surprise that the volume has been decreasing ever since. BTC however has doubled since then, indicating that this whole period has been nothing but another Accumulation Phase for smart money near the bottom of the Bull Cycle. We can strongly claim that this is a standard post-bottm Cycle rally. ** The Vortex Gap ** Besides this correlation, you may also have a look at the Vortex Indicator. Every time the Decreasing Volume leads to a Low, the VI- (red) crosses below the VI+ (blue) and opens the gap. A VI- hitting 0.5000 has historically happened when BTC made a Higher High within the new Bull Cycle. Right now it is still only at 0.9100, potentially indicating that there is significant potential for a deep Higher High. But what do you think? Are you worried about this decreasing volume while the price has been rising or agree with the historic modle that this is common after Cycle bottoms? 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! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
13
BITCOIN Amazing historic symmetry targeting $49000 in NovemberThis is a break-through analysis on Bitcoin (BTCUSD) on the 1W time-frame that we posted a while ago but couldn't look more relevant today and can accurately explain the low consolidation of the last few weeks. It compares the current Cycle with that of 2014 - 2017. ** Amazing Cycle symmetry justifies current consolidation ** As you see there is so far an astonishing symmetry between the two, with the current price consolidation, after almost hitting the 0.5 Fibonacci retracement level, resembling that of late February - early April 2016. For the Fibonacci calculations we have used the price top and bottom as suggested by the 1W RSI, which is the backbone of the analysis. This indicates that the Cycle Top (on RSI terms) was on the week of April 12 2021 (and not Nov 08 2021) while the Cycle Bottom was on the week of June 13 2022 (and not in November 2022, which was in the aftermath of the FTX crash). ** The Phases of the Cycle ** So far the three Phases have lasted almost the same time. We are now half-way through Phase 4 (green), which in 2016 lasted for 28 weeks and on its end hit the 0.786 Fibonacci level. As a result, this is a highly probable target, with the 0.786 Fib being at $49000 and the 28 week span ends on November 13 2023. See how similar the 1W RSI fractals are between the two, forming a Triangle pattern with top and bottom on the exact same values. ** Halving, 1W MA50 and conclusion ** Basically Phase 4 is the first bullish attempt of BTC within the new Bull Cycle, after Phase 3 (yellow) which is the bottom of the Bear Cycle and the first Accumulation period. Phase 4 is essentially the prologue of the market before the parabolic rally and the introduction to the Halving event. The next Halving is expected in April 2024. Based on this symmetry that is holding very strongly so far, BTC should have hit at least $49000 by then. We need to point out that from Phase 4 onwards, the 1W MA50 (blue trend-line) has turned into the Bull Cycles absolute Support level. Pull-backs near it are technically strong buy opportunities. With the price having almost filled the 0.5 Fibonacci gap, do you think BTC will finish Phase 4 in a strong fashion and hit $49000 and the 0.786 level? 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! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
14
BITCOIN Holding key Cycle Support, preparing for 35k and 43k!Bitcoin (BTCUSD) is above the 0.5 Fibonacci Lower Lows trend-line that provided Support numerous times during the previous Cycle but when it finally closed a 1W candle below it (June 06 2022) it started the final bearish sequence. Currently this is very positive for the upside's chances as the price has cleared the 0.5 Fib for more than a month and is currently on the 0 Fib level that closed all 1W candles above it from May 17 2021 to June 28 2021. BTC has managed to close above that for 5 straight week and if it repeats that again, we can see the final two bullish waves to 35000 and 43000 taking place. The key factor for such a price rally is the Higher Lows trend-line since the market bottom which is holding, while the 1W MA50 (blue trend-line) hasn't been re-tested in more than 4 months. In fact, trading below the 1W MA50 was the majority of the Bear Cycle's price action (red arc). Since the closing above it 4 months ago we can argue that this is how the Bull Cycle's price action will unfold (green arc). So do you think that the 0.0 Fib will give Bitcoin the necessary push for the 35k and 43k levels? 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! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
10
BITCOIN Our China bonds ratio is giving a huge buy signalIt is not the first time we look into how the Chinese bonds (with our unique CN02Y/CN20Y ratio displayed by the blue trend-line) affect Bitcoin's (BTCUSD) Cycles: With the addition of the Sine Waves to better illustrate the Cyclical behavior of the bond yields ratio, we can see that it matches almost perfectly BTC's Cycles. Every time it bottoms, BTC bottom as well and start a cyclical rally. Additionally, you can see that the ratio has been on a Channel Down for the past 10 years, supporting the bullish expansion on Bitcoin. At the moment the ratio is pulling back in a similar fashion as March 2013, January 2017 and December 2019. On those occassions Bitcoin started a Parabolic Rally afterwords. Do you think we are that close to a huge buy signal as suggested by the Chinese bonds ratio? 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! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
11
Bitcoin what a huge uncorrelation with S&PAt the current values of the S&P500 index, Bitcoin was priced at $55,000-$59,000 in 2022. Unfortunately, starting from around May, Bitcoin has completely lost its correlation with the S&P 500 index. Despite the S&P's rapid growth of over 10%, Bitcoin has remained relatively stagnant. To make matters worse, if significant downward trends occur in the S&P 500, Bitcoin will not withstand it and the correlation will temporarily return. In other words, Bitcoin is currently unresponsive to minor movements (both upward and downward) in the S&P 500, but it will react to a major downturn.
BITSTAMP:BTCUSD
by GarateTradeCrypto
BITCOIN will rally to $150k! Ground-breaking Fibonacci analysis!This chart on the 1W time-frame is a complete mapping of the rest of Bitcoin's (BTCUSD) Cycle! The basis of it is a Fibonacci Channel Up (May 2017 to October 2025) whose price symmetry is identical with the one that run from June 2013 to November 2021. As you can see the similarities within the two are more than obvious, even on a 1W RSI basis. The current Channel Up has already started its second Cycle and through a certain set of technical formations and events we project its pathing and cyclical Top. ** The Fibonacci Channels similarities ** Let's start by comparing the common characteristics between the two Channels. Both start with a 1st Rally (green arc) that makes a 1st High on Fibonacci 1.0. The Bear Cycle starts and bottoms when the 1W MA50 (blue trend-line) makes a Bearish Cross under the 1W MA100 (green trend-line) and the 1W RSI hits the 30.00 oversold zone (green circle). Then the first mini rally of the new Bull Cycle starts but loses steam as the 1W RSI breaks above the 70.00 overbought zone (blue circle). The price eases and after a 1W MA50/100 Bullish Cross, the Halving event comes to kick-start the 2nd Rally. That rally peaks a little under Fib 1.0. Same picture after that as the new Bear Cycle bottoms on an oversold 1W RSI and a 1W MA50/100 Bearish Cross. On the previous Channel Up, the 3rd Rally also started after the Halving event (3rd) and topped within the 0.618 and 0.5 Fibonacci range. ** Where are we now? ** This brings us back to today and the new Channel Up. As mentioned it has started the new Bull Cycle and is on the mini rally, with the 1W RSI getting rejected exactly on the 70.00 overbought Resistance. This indicates that even if we get a Higher High short-term above the 1W MA100, we should see the price getting neutralized until the new 1W MA50/100 Bullish Cross and Halving 4 (expected in April 2024) that will give the signal for the start of the Channel's 3rd Rally. ** What will the next High be? ** It is important to point out now that all Rallies has started below the 0.236 Fibonacci level. It is equally important to mention that the time range between Cycle Highs have been 210 weeks (1470 days) and 204 weeks (1428 days). If the current date range is also the 204 minimum, then we should be expecting the next High to be around October 13 2025. And if it is again within the 0.618 and 0.5 Fibonacci range, then it should be around $150000! Do you agree with that projection or you have a lower/ higher target? Is this Fibonacci Channel approach the way to go for the rest of the current 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! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
9
BITCOIN On the 1D MA50 again after 5 weeks!Bitcoin (BTCUSD) hit today the 1D MA50 (blue trend-line) for the first time since the June 20 bullish break-out. This is the first level of Support and potential buy entry for medium-term traders. Our condition is that the 1D candle has to close above the 1D MA50 as on the April 24 and February 13 similar bottoms. Those delivered a +11.44% and +18.18% rise respectively. As a result, if the candles keep closing above the 1D MA50 we can see an immediate upside on BTC ranging from 32200 to 34200. Notice also that the 1D RSI hit the bottom of the Symmetrical Support Zone, formed by the lows mentioned above. An additional buy signal, as long as the 1D MA50 is holding. Do you expect that it will hold and pushed BTC to a rebound or a candle close below it can pull the price as low as the 1D MA200 (orange trend-line), which is untested since March 10? 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! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
4
BITCOIN Early August will trigger a massive rally!Bitcoin (BTCUSD) has established itself above the 1W MA50 (blue trend-line) making steady Higher Highs since the start of the year and on the week of August 07 2023 is about to complete 60 weeks since the 1W RSI bottom (the Bear Cycle's technical bottom if it wasn't for November's FTX crash). In the last two Cycles, the 60 week mark from the RSI bottom, triggered the start of a strong rally (green Channel Up) that reached +359% from the Cycle's bottom. Every Cycle can be viewed as an Ascending Triangle with the Top/ Resistance starting from the Bear Cycle's first Lower High. On the 2014/ 2015 Cycle the Resistance was at +300%. In 2019 the +359% mark was reached much earlier due to the Libra euphoria. Also the sudden collapse exactly after the 60 week completion was due to the March 2020 COVID crash, a non-technical irregularity. The Channel Up started shortly after regardless, harmonizing the patterns, right when the 1W MA50 was regained. Notice how even the 1W RSI sequences look similar with each other, with the Lower Highs trend-line standing out. In any case on the current Cycle, the +359% mark matches exactly the $69800 All Time High (ATH), while a +300% rise sets a Target at $63000. One thing looks certain based on this model, that the 60 week count is almost up and in August we can see the start of a new rally towards this target zone. Scale your buys accordingly! Buy what do you think? Are you expecting BTC to follow this pattern of the previous Cycles or have a different projection in mind? 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! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
9
BITCOIN Near the 1D MA50, ready for a pump to $34000Bitcoin (BTCUSD) has been consolidating for nearly a full month (since the June 23rd High) and the 1D MA50 (blue trend-line) is only 1000 points away. Since the bullish break-out exactly at the start of the year, BTC has used the 1D MA50 as the short-term Support and more specifically the bounce level before each Higher High. As you see on this chart, the movement since the start of 2023 has been fairly Cyclical, a Higher Highs rejection starts a correction, which when the 1D MA50 breaks (1D candle closes below it), extends towards the 1D MA200 (orange trend-line). This sequence current has the last Higher High to give and we expect to start any time. Our target is $34000. Do you think the 1D MA50 will hold or break? 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! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BTCUSDLong
by TradingShot
10
BITCOIN The 1M MACD Bullish Cross puts a 50k target by December.Bitcoin (BTCUSD) is on the first month following the MACD Bullish Cross on the 1M (monthly) time-frame. The previous bottom MACD Bullish Cross formations, where achieved with the price on the 0.786 (June 2019) and the 0.5 (December 2015) Fibonacci retracement levels respectively. On the current sequence, the price has hit the 0.5 Fib. In 2016 it took BTC 6 months to get to the 0.786 Fib, which sets a time estimate on December. The 0.786 Fib is this time at $50000 and that is our target for the end of the year. DO you agree with the symmetry or have a different end-of-year target? 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! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
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