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Bitcoinsignals

BITCOIN 50% of stocks above 1D MA200 = RallyThis is Bitcoin (BTCUSD) on the 1W time-frame compared to the S&P500 index (SPX) illustrated by the blue trend-line. The indicator below (black trend-line) shows that historically when 50% of the S&P500 stocks break above their 1D MA200, both Bitcoin and the S&P500 start a rally soon. Initially a few weeks of volatility takes place but the process already kicks in. Bitcoin's RSI is displayed in orange to give a better perspective of where we could be historically compared to prior bottoms. As you see, it tends to lag behind the stocks' indicator when it breaks above 50% . Do you think the pattern will be repeated again? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
6
BITCOIN Pivot rejection, important 4H MA50 test! Buy or sell?Bitcoin (BTCUSD) immediately got rejected upon entering the 18200 - 18900 Pivot Zone (blue), which as we mentioned in our previous analysis was the former Support Zone from June until November (having multiple rebounds/ circles) now turned into a Resistance. The price broke again below the 1D MA50 (blue trend-line) and is headed towards the Support of the 4H MA50 (red trend-line). This is a critical Support level as within the greater Falling Wedge pattern that started on the June 18 Low, every time the price broke below it after a Lower High, a major sell-off was initiated. However all Lower Highs (peaks) within the Falling Wedge, have take place after BTC broke above the 1D MA100 (green trend-line), even marginally (green circles - August 15, September 13 and November 05). This hasn't happened yet on this Nov/ Dec rally and the 1D MA100 is currently just above yesterday's peak, inside the Pivot Zone and a little lower than the Falling Wedge's top (Lower Highs trend-line). As a result, unless the 4H MA50 breaks, we still believe there is (at least) some upside left on this BTC rally. Perhaps the 1D RSI can give an additional edge to finding the top after it enters its Resistance Zone. Below the 4H MA50, we expect 16000 to be tested while even a Lower Low on the Wedge's bottom is possible. As for the long-term, only a break above the 1D MA200 (orange trend-line) which is unbroken for nearly 1 year (since December 31 2021), can restore the bullish trend and confirm the new Bull Cycle. So what do you think? Is there one left High to make or Bitcoin will break below the 4H MA50 first? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BITSTAMP:BTCUSD
by TradingShot
5
BITCOIN Can a 5th straight monthly inflation drop save the day??The talk of the day is the U.S. CPI which moments ago came out lower than expected (7.1% against a 7.3% forecast), marking the 5th straight month that inflation dropped. This is in fact the 2nd straight month of lower than expected CPI. The question is, will this be enough to mark the end of the Bear Cycle on Bitcoin (BTCUSD) and save the day? Well that also depends on the Fed which tomorrow decides upon the new Interest Rate. Technically though, BTC broke today above the 1D MA50 (blue trend-line) for the first time in over 1 month (since November 08) and the FTX crash. Even though that is a strong bullish signal alone on the short-term, the picture is more complicated on the long-term. As you see, the price has been trading within a Channel Down since the July 26 low. The RSI on the 1W time-frame though has been on a Channel Up, signaling a Bullish Divergence here, potentially hinting to a long-term bullish break-out. Until then, the focus is on the Resistance levels in the form of the Fibonacci levels within this Channel Down. But perhaps the biggest pressure will be on the (red) Pivot Zone, which from June 18 until November 08 had multiple test and hold events, and now is the Symmetrical Resistance. A break above should happen at the same time the price breaks above the top (Lower Highs trend-line) of the Channel Down. Beyond that point, we will be looking for a break above the 1D MA200 (orange trend-line) to confirm the uptrend, as it has been untouched for nearly 1 year (since December 31 2021). That would target the 22800 Resistance (1) and 25275 Resistance (2) on the medium-term. On the other hand, a Pivot and Channel top rejection will be a bearish signal targeting at least the 0.5 Channel Fib. Which scenario do you think is more likely? Is the CPI and Fed coming to the rescue? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BTCUSD
by TradingShot
6
BITCOIN Historical Buy Signal is flashingBitcoin (BTCUSD) remains supported on the 1W MA350 (red trend-line) following the FTX crash. A rare indicator, the Gaussian Channel (GC), remains red but based on previous Cycles, by the time it turns green, Bitcoin already has the first mini rally of the new Bull Cycle. The previous two GC Cycles from the end of the previous red period to the end of the next red period extended for 1260 and 1280 days respectively. If the 1280 day max is repeated during this Cycle also then the GC should flash green by January 30 2023. That means that historically there isn't much time left to start the 1st rally of the new Bull Cycle. Also by using the Fibonacci extension and retracement levels we see that the first two Cycles topped a little over the 1.414 Fib extension, while the bottoms of the first three Cycles have been above the 0.618 Fib retracement level. As diminishing returns are in effect on each Cycle, which in theory should narrow Bitcoin's channel long-term, the last Cycle topped lower on the 1.236 Fib (which is where the last High before the Top was formed in the previous two Cycles). If the channel does narrow down, then we bottom should also be higher and the next candidate would be the 0.5 Fib, which is slightly below the recent November low. With the Gaussian Channel pattern pointing to the 1st rally soon, the MA350 holding and the 0.5 Fib potentially the new Cyclical Support, we have perhaps the strongest buy signal of this Cycle flashing right now. Do you think that's the best time to buy? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
20
BITCOIN and S&P500 Has a 10 year Bull phase just started?A 1 year correction which is nothing but common throughout Bitcoin's (BTCUSD) existence, has done its work well in spreading fear and doubt at the market during this inflationary stock crisis in 2022. In times like this what helps the most is to maintain a long-term perspective and look at how history reacted in similar situations. We thought that nothing can help us get a better grasp at the situation than look into how Bitcoin compares to the major stock index the S&P500 (SPX). On this 1M time-frame, Bitcoin is displayed by the orange trend-line while the S&P500 by the blue. We are looking into the S&P500's price action since the Great Depression. As you see the index repeats through history four major phases: * The Bear Phase (red), where the index gets into a Megaphone pattern and has two major correction sequences. It breaks initially below the 1M MA100 (green trend-line) and then below the 1M MA200 (black trend-line). * The Accumulation Phase (blue), where the index starts recovering from the Bear Phase and breaks above both the 1M MA100 and MA200, turning sideways. This is technically the most efficient/ earliest available level to enter the market. * The Expansion Phase (yellow), where the index established trading above the 1M MA100/200 (never breaks them until the next Bear Phase) and makes the first multi-year rise. This Phase is marked by three "smaller" correction periods (red ellipses). * The Bull Phase (green), where the index recovers from the last small correction and rises aggressively to form the top before the new Bear Phase. It tends to last around 10 years. This year's correction (2022) is the third one of the Expansion Phase and as the price remains above the 1M MA100, it is more likely that with the correction already completed, S&P500 has entered its new Bull Phase. The chart clearly shows that Bitcoin's 12 year period of immense growth has only been during the S&P500's Accumulation and Expansion Phases. This suggests that we may haven't seen yet it's strongest growth to come during the stock market's new Bull Phase! The correlation of Bitcoin's tops and bottoms to those of the S&P500 is more than obvious. Most market participants say that this time is different due to the soaring inflation and aggressive rate hikes. But hasn't this also been the narrative in the late 70s? Still the market found the mechanisms to grow in the Expansion Phase that followed and the new technologies (internet etc) to inflate it to immense highs in the 90s until the eventual crashes of the 00s. It may seem like a different reason each time but the behavior is always cyclical with repeating patterns and phases, the narrative in the past 100 years can be whatever the news decide it to be. But the market will continue printing and printing the same patterns as human behavior stays the same. So what do you think, are we about to witness the growth of a lifetime on both Bitcoin and stocks in the next 10 years? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
SP:SPXLong
by TradingShot
11
BITCOIN, Yuan and China bond yields point to rally ahead!You might be thinking what the Chinese Yuan (USDCNY displayed by the red trend-line) and China's bond yields (CN20Y displayed by the blue trend-line) have to do with BITCOIN (BTCUSD). This chart comes to show just how strong the correlation is. As you see since 2012, every time the CN20Y broke above its Lower Highs trend-line, Bitcoin started its Bull Cycle rally. This makes the two assets strongly positively correlated. In addition, when that happened, it always coincided with the USDCNY starting a major fall (red circle on the chart, making the two assets mostly negatively correlated. In fact Bitcoin has had its Bull Cycles in major long-term USDCNY falls and its Bear Cycle in major USDCNY rises. Right now the CN20Y is testing the 2021/2022 Lower Highs trend-line again. Do you think a break above it would start Bitcoin's new major Bull rally? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
10
BITCOIN Bullish Cross aims at $21000 at least.The MACD on the 3D time-frame is about to complete a Bullish Cross today. If the session closes that way, it will only be the 5th time since July 2021 of this occurence. The past four events made Bitcoin (BTCUSD) rally on a minimum of +26.50% and maximum of + 65.15%. From the current levels, that gives a min rise at $21000 and maximum at $27500. Even the minimum would put BTC above the 1D MA200 (red trend-line), which has been the strongest Resistance of this Bear Cycle, rejecting the price since the start of the year. What do you think? Will this Bullish Cross push Bitcoin to at least 21000 and if it does, will the 1D MA200 break-out be the start of the new Bull Cycle? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
16
BITCOIN The Golden 51%-49% Ratio is back! Is this the next top?After the interest that the revised version of my Logarithmic Channel model attracted, I thought I'd extend it by adding a few more elements, most notable of which Tradingshot's very own Golden 51%-49% Ratio! Basically I've been asked continuously to make an update on that legendary chart, so here is an extension, though I promise I will also make an update with the original minimal pattern. For those who don't know how this Ratio works, it basically suggests that 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 it claims that the Halving is roughly at the middle of each Bull Cycle. As the Logarithmic Growth Channel suggest that November 2022 was the absolute bottom of the 2022 Bear Cycle, we can now use the next Halving (number 4) and apply the 51%-49% Golden Ratio. Halving 4 is projected to be on May 26 2024 and based on the Ratio that puts the High of Cycle 5 near the end of November 2025. On every Cycle, once the Bear Cycle Lower Highs trend-line broke, BTC started officially the Rise, which after the Halving turns parabolic. Do you think a $200k Bitcoin realistic during Cycle 5 based on the combination of this two patterns? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
36
BITCOIN Long and painful but necessary bottom process!We rarely post Bitcoin (BTCUSD) analyses on the 1M (monthly) time-frame, but this one does justice is showing the complete long-term picture. On a monthly basis, Bitcoin has been forming a bottom since the June Low, within a zone formed by the Fibonacci MA and Multiple 1. At the same time the 1M RSI has been trading exactly at the bottom of the Channel Down pattern that goes back to April 2013. This is the painful but necessary bottom process that BTC has to go through on all of its Cycles and it appears that it bears more resemblance with the early 2015 sequence. The cyclical pattern on every Cycle is the same. Lower Lows, a Resistance and a Cup like formation which after it breaks the Resistance starts the parabolic rally to the new Cycle High. Based on this model, the next Resistance break-out may not happen until early 2024. What are your thoughts on this? Is Bitcoin about to complete a painful but necessary bottom process? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
41
BITCOIN Log Growth Curve the only pattern that matters right nowOn this chart we seen Bitcoin (BTCUSD) on its historic Logarithmic Channel (LC), the channel that has been trading in since its inception and will put emphasis on its Growth Curve which is the pattern we popularized here since early 2019. See how well the model has been containing the price action going more than 3 years back: Back to today now. As you see on this chart, which as we mention is the only chart you should care about right now, Bitcoin following the FTX crash hit the bottom of its Logarithmic Channel (LG), displayed by the green line, which historically has proven to be the ultimate buy level, with strong rallies following shortly after. Since then it has been trading on the green line, which we call the Growth Curve (GC), showing the first signs of a new, and most likely the final, accumulation phase. As long as it stays within the GC and the dotted line above, BTC will continue to accumulate. Above that, the first historic Resistance in an upcoming Bull Cycle is the Blue line, which kept the price at bay for most of the 2012 and 2015/16 Cycles, before the parabolic rally that capped the Bull Cycle. The yellow line is a typical pivot line during both Bull and Bear Cycles, as you see it held the first waves of the 2021/22 Bear Cycle before eventually failing. The orange line, is the level where investors typically look to sell and exit the Bull Cycle, while the zone formed by the upper dotted line and the red one has historically been an absolute (extremely overbought) belt. Right now the price is on the absolute bottom of this model that has never failed while having the Multiple 8 (grey trend-line) just below it, which also has never been broken and marked the bottoms of March 2020, August 2015 and November 2011. Are you a buyer or a seller based on this? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
21
BITCOIN: Weekly, Constellation to Determine Potential Shift!Hello Community, Welcome to this analysis of Bitcoin from a weekly timeframe perspective. As mentioned in the last analysis ideas about Bitcoin I uploaded within recent times Bitcoin is forming several decisive constellations as Bitcoin completed the local inverse head-and-shoulder-formation I pointed out on the 2-hour timeframe perspective this has been an initial move into a changing direction for Bitcoin. Nonetheless, Bitcoin on the daily is still trading within this descending channel formation in which a strong resistance is given through the distribution channel analyzed. Now on the weekly timeframe perspective, I detected further signs that are worthwhile to look at to have a sense on where Bitcoin is heading over the course of the next days and weeks. Looking at my chart we can watch there Bitcoin is building two major formations here, the first formation is a local descending-triangle-formation and the second formation is a global descending-triangle-formation. The global formation will only confirm when the local formation completes, therefore it is necessary that Bitcoin finalizes the wave-count within the local descending-triangle-formation and from there on shows up with a strong breakout that has the ability to finally continue with an upthrust above the upper boundary of the global ascending-triangle-formation. In this case, it is highly necessary that Bitcoin holds the 13,800 support as shown in my chart because if Bitcoin should breakdown this support both formations will be invalidated. Once Bitcoin finally settles above the boundary of the global formation this will be the final setup for Bitcoin to show up with this main expansion wave to test remaining supports. In this manner, thank you everybody for watching, Let's move forward together. The information provided is only educational and should not be used to take action in the markets.
by VincePrince
12
BITCOIN & the USDT Dominance point to a fast reversal!This is Bitcoin (BTCUSD) on the 1W time-frame drawn against the USDT dominance. For better comparison purposes both are displayed in candle bars, BTC being on top, USDT Dom at the bottom. The essence of this comparison is to find a behavioral pattern that can help us estimate which phase of the Cycle BTC could be at. As you see, the USDT Dom is printing a pattern, technical top formation that has been previously associated with market bottoms on Bitcoin. In the past two weeks, the USDT Dom has started to pull-back and that very same sequence in July 2020 and February 2019 extended the drops, which was translated into an instant rally on Bitcoin. Even in the case of the August 31 2020 week and the injection that sent the USDT Dom (much) higher following the initial pull-back, the price quickly get back to its harmonized levels and fell back massively. BTC has already started to react favorably to this 2-week USDT Dom pull-back. Do you think it can keep up this momentum and if this is indeed a USDT D. top are we ahead of a strong rally? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
8
BITCOIN: On The Local, Formation Points To Breakout-Dynamics!Hello Community, Welcome to this analysis of Bitcoin from the local 2-hour timeframe perspective. In the recent posts I uploaded about Bitcoin I already pointed out the important factors from a daily and weekly perspective and what we need to consider with these timeframes. As especially on the shorter timeframe there are given potentials to bounce Bitcoin is now also forming an interesting constellation on the 4-hour timeframe. When looking at my chart we can watch there how Bitcoin developed this solid primary ascending trend line marked in grey on which Bitcoin already bounced several times. This whole structure is adding up to a potential inverse head-and-shoulder formation with the left shoulder and the head already completed, now as Bitcoin penetrates the 50-EMA this is a decisive development because once Bitcoin breaks out above the neckline as shown in my chart this will be the final setup from where Bitcoin is likely to continue with further volatility finally reaching out the final target-zones as seen in my chart. Although such a formation can invalidate also when the right shoulder does not form and Bitcoin breaks down currently there is a higher likelihood given for the formation to complete nonetheless it will be a crucial factor on how Bitcoin moves into the final target zones when considering further dynamics to emerge especially on the higher timeframes. In this manner, thank you everybody for watching, Let's move forward together. The information provided is only educational and should not be used to take action in the markets.
by VincePrince
6
BITCOIN Weekly RSI has bottomed and leads the way to 19k first.This is Bitcoin (BTCUSD) on the 1W (weekly) time-frame. The focus is on the Bearish Megaphone that has been running since the April 12 2021 High, drawn on the weekly candle bodies, ignoring the wicks. This is the pattern that has been dominating the whole Bear Cycle since its beginning, with the October - November fake-out rally excluded as its was the peak of a stock market euphoria at the end of the post COVID quantitative easing. As you see, since the FTX crash (November 07 2022 candle), BTC is trading sideways on the 3rd straight flat week ranging within 15550 - 17150. At the same time, the 1W RSI hit the top (Lower Highs trend-line) of the Bear Cycle's Falling Wedge, and has been rebounding. This could be an early indication that the long-term trend is shifting. On the short-term a potential rebound is limited to the Inner Lower Highs trend-line (dashed). The medium-term turns bullish only above the 1D MA200 (red trend-line), which has been intact for the whole year (since January 02 2022). If broken the medium-term targets are the 1W MA200 (orange trend-line) and 1W MA50 (blue trend-line). On year-to-year basis, the target can be much higher. Look at how the current FTX Low was made on the -1.0 Fibonacci extension, counting from the first High and Low of the Bearish Megaphone. If the exact same symmetry plays out on the upside, then the 2.0 Fibonacci extension is located a little over $120000 (see chart below or narrow down the horizontal axis on the main chart). Is this the start of a long-term bullish move for Bitcoin? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
3
BITCOIN Targeting $18500 short-termSimple 1D time-frame analysis on Bitcoin (BTCUSD) showing that since the March 28 High, every drop was followed by a rebound to the 0.5 Fibonacci retracement level. Out of a total 3 occasions, in two of them the 0.5 Fib top matched by a 4H MA200 (orange trend-line) rejection. Right the 4H MA200 is exactly on the 0.5 Fib at around $18500. Is that your short-term target? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BITSTAMP:BTCUSDLong
by TradingShot
12
BITCOIN If this level holds, expect 50k on the next rally.This is an interesting finding on the 1W time-frame, showing Bitcoin (BTCUSD) within a Channel Up since December 2017 High (of the previous Cycle). Below we analyze frame by frame the similarities and differences, key pressure levels and how those can make a projection for the following months. ** Triangle.. then flush ** A key component of this is the pattern that preceded the FTX crash. As you see that was a Triangle (blue), with the FTX crash displayed by the strong 1W red candle that followed. Before that crash, the price was effectively supported on the 0.236 Fibonacci level. The very same Triangle was seen on the 2018 Bear Cycle, up until the week of November 12 2018. Two strong 1W red candles followed, which after a rather flat green, gave way to another two red weeks that priced the bottom. Notice that during both Triangles, the 1W LMACD flattened. So far following the FTX candle, we've had another (flat) red and this week (so far) a green one. Relative to the 2018 fractal, the price should be proportionately positioned where the red circle is. This implicates that after the green 1W candle, another two red ones should follow and the bottom will be in. How far those final red candles can go is anyone's guess but if they follow the (not so strong compared to 2018) FTX candle or even more so the flat 2nd red week that followed, then they could be rather limited in extent. This however goes in contrast to the total correction of the 2018 Bear Cycle, which was approximately -84%. A repeat of that magnitude would put BTC below the bottom (Higher Lows trend-line) of this long-term Channel Up, but the same took place on the week of March 09 2020, with the COVID flash crash, which broke the Channel's bottom rapidly on a wick and then rebounded almost instantly. ** The 1st Support - 1st Resistance pattern ** Another important aspect of this Channel is where the price had its 1st Support after the Top was made and the Bear Cycle started and where it found its 1st Resistance after the bottom and the start of the new Bull Cycle. In early 2018, BTC had the 0.5 Fibonacci level as the 1st Support level that contained the downfall before the eventual sell-off to the Triangle. In 2021/22, that 1st Support level was on the 0.618 Fib. In 2019 the 1st Resistance level that put a stop to the first rally on the new Bull Cycle was again Fib 0.5, displaying a perfect symmetry. If the same pattern is continued, then the initial rally that will follow in the new Bull Cycle, should stop on the 0.618 Fib, i.e. slightly above $50000. For a more effective comparison, we have plotted the 2019/20 sequence (black trend-line) on today's price action onwards. Not surprisingly, it is rejected on the 0.618 Fibonacci level, a little over $50k. That is of course, assuming that the next two weekly (1W) candles will be not as aggressive as in late 2018. If they are and the bottom of the Channel is hit, we can expect a bottom within $13000 - 12000. Do you think we are very close to pricing the bottom and if so, is this model correct to predict 50k on the next rally? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
21
This Historical FRACTAL Could Mean BITCOINs BLAST Is NEAR!!!Hello Community, Welcome to this new analysis of Bitcoin from the weekly timeframe perspective. As mentioned in my recent analysis of Bitcoin from a more Near-Term-Perspective Bitcoin is at a crucial turning point as it shows a Descending-Channel from where a breakout either to the upside or further development in the channel is indicated. As I watched the bigger timeframe now I saw that Bitcoin from the weekly timeframe perspective is actually about to develop a major fractal which already formed three times in a row in Bitcoins past therefore this is a sign worthwhile looking at because if this fractal completes again a paramount Bitcoin Expansion can be waiting around the corner. When looking at my chart we can watch there this main fractal consists of three main phases named A, B, and C. In phase A an Accumulation-Triangle is formed marked in orange in my chart, in this phase first bounces to the upside indicating that Bitcoin is ready for a bigger move and a potential breakout above the 15-EMA. In phase B the final breakout above the 15-EMA happens with Bitcoin settling above the EMA indicating Bitcoin is ready to move further. In phase C the actual Bull-Expansion emerges with major Volatility-Spreads and Bitcoin continues with huge volatilities till new Cycle-Peaks are reached. Since the bear market ended in 2018 this fractal has been completed three times. When looking at this whole structure what is also a primary determining factor here is the fact that Bitcoin is testing this Primary Trend-Ascending-Trendline again marked in blue in my chart. This trendline is so important because Bitcoin already bounced there several times in the past and always had the ability to show up with the fractal after the successful bounce off this trendline. This means now that when Bitcoin manages to bounce in this trendline again this has a high likelihood possibility to be the cornerstone of a new fractal and the initiation of phase A of this fractal as it showed up in the past. Of course, it is necessary to await the final confirmations here which are an Accumulation-Triangle and a final breakout above the central 15-EMA. In this manner, thank you everybody for watching, Let's move forward together. The information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
10
TOTAL CRYPTO-CAP, Retest of the Primary Formation Indicated!Hello Community, Welcome to my new analysis of the Total Cryptocurrency Market-Cap and where it is heading in the next time. Important to notice here with the Total Cryptocurrency Market-Cap is that the price action made a sharp dip towards the downside beginning just hours after the FTX collapse has been officially announced as I already pointed out in my recent Bitcoin analysis. To take this into the current context it is necessary to realize that this dip may not happen if the FTX collapse did not happen at this point, therefore this sharp bearish wave can be considered as an unnatural movement nevertheless it has completed a crucial formation and this is the important point in this whole structure. As the Total Cryptocurrency Market-Cap completed this massive head-shoulder-formation this gives the whole movement a bearish edge also from the technical perspective. Now it is necessary to wage the possibilities and see where the market is likely to move and in this case, the market is now forming this interesting local descending triangle formation which is likely to complete as it is marked in my chart, once this formation has been completed it will be the setup for the market to continue and show up with a volatility relief rally till further levels are being tested. In this case, once the formation has been completed the market is likely to move on into the head and shoulder decisive range as seen in my chart, from there on two directions are possible, firstly the market manages to move into this range with a very strong bullish movement giving the indication for a breakthrough above the resistance and declaring the formation as a fake head shoulder formation and the second direction will be a pullback from the resistance from where on the price action is likely to reach out the final targets of the head shoulder formation, currently, the second scenario has a higher possibility nonetheless this can change when the market shows up with a considerable bullish strength. In this manner, thank you everybody for watching, Let's move forward together. "Diligence is the cornerstone of good fortune." The information provided is only educational and should not be used to take action in the markets.
CRYPTOCAP:TOTAL3
by VincePrince
2
BITCOIN $19000 and the importance of the Channel's medianSince the May 31 High and the subsequent sell-off, Bitcoin (BTCUSD) has been trading within a Channel Down pattern. We've plotted the Fibonacci retracement levels and the +/- 0.5 upper and lower extensions, in order to see potential pressure points/ levels. As you see, the Channel's median (Fibonacci 0.5) has been dominating the price action with six so far (including the one three days ago) touches, all of which initiated rebounds. The 1D RSI and MACD (Bullish Cross) sequences indicate that the current consolidation on Fib 0.5 resembles that of August 28 - September 07. That pattern fueled a rebound that stopped just above the 1D MA50 (blue trend-line) and the 0.786 Fib. As long as the 0.5 Fib holds, the short-term target is the 0.786 Fib. It is worth mentioning that the 1D MA200 (orange trend-line), unbroken since December 31 2021, is now closer than even to the Channel Down. A closing above it can potentially test the 1.5 Fibonacci extension of the Channel. On the other hand, two closing in a row below the 0.5, can target instantly the 0.236 Fib, even the bottom of the Channel. Which way do you think Bitcoin will break to first? Top or Bottom of the Channel? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BITSTAMP:BTCUSD
by TradingShot
10