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Bitcoinsignals

Bull Market Over?The green boxes are Greed and the Red boxes are fear. These are the readings we have had all year a lot of ups and downs but the overall structure is still technically up . The moment we close a daily or a weekly under the last swing low which was 40900 (yellow Circle) I will turn bearish . Right now Fear is at 10 basically Covid crash lows but what is more interesting is that the descending wedge pattern has not come to a conclusion . Also i have always had this Gann Fan on one of my charts starting bottom of the covid crash and top in May 2021 and it seems we have finally touched it with a good reaction so for closing above it inside the descending wedge . So if we hold this area 185k by May 2022 and if we don't then I have no idea where we going and my thesis will go out the window and I will have to conclude that I was wrong about everything and go back to the drawing board.
INDEX:BTCUSD
by Sporia
5
BITCOIN will a rise and rejection at 45k confirm this pattern?It is not the first time of course that I compare the current market lows to the lows/ bottom of June - July 2021 (look for my previous studies, there are many on that subject). However it is the first time that I do so by using two unique indicators the VMC Cipher_A (courtesy of vumanchu) and MarketCipher B (courtesy of Crypto_Spike) with some adjustments. I've added patterns (wedges) and legs (1 - 6) that very clearly depict the striking similarities of Bitcoin's price action since January 2021. As you see the price action from January 08 2021 to June 22 2021 (Wedge 1 (black), Wedge 2 (blue), Wedge 3 (orange)), is identical to that of September 07 2021 to today. If this holds indeed and history repeats, we seem to be on count (3) of Wedge 3. What's missing is a rise to (4) and roughly $45000, then retest of today's Support (count 5) and a rally that will break above the Wedge 3. Do you think a rise and rejection at 45k will confirm the pattern and fulfil the low that's needed to break upwards into a new rally in February? Feel free to share your work and let me know in the comments section! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSD
by TradingShot
68
BITCOIN is close to the 2021 BOTTOM fractalsBasically after yesterday's fall, Bitcoin is as close to the 2021 bottom fractals as it can ever get. Even though I've made similar comparisons in the past, it might be a good time to refresh them, as this analysis will show that Bitcoin currently shares many similarities with both the late September 2021 bottom but mostly the late June - July 2021 bottom fractal. Similarities: a) First of all, all fractals share a common Lower Highs trend-line. Until that broke, the price remained under heavy selling pressure. b) The June-July and September fractals ended their bearish pressure and started strong rallies instead only after they broke above the 1D MA50 (blue trend-line). c) The June-July and September fractals made a Low and recovered to the 0.618 Fibonacci retracement level (blue) before re-testing that Low. This was the last Low test before the 1D MA50 broke and the rally started. The current fractal already has a rejection on the 0.618 Fib. d) The September and the current fractals went below their 1D MA200 (orange trend-line) and got rejected there to make a Low. e) The September and the current fractals both measured roughly the same drop (-25% and -28% respectively) from the top of their respective Lower Highs trend-line. f) The June-July and the current fractals appear to be very symmetrical as well. After making an initial bottom, they recovered and turned sideways (blue Rectangle), only to test that bottom again in 34 and 32 days respectively. Assuming that holds, then the bottom is either in (yesterday) or will be priced by tomorrow. g) The June-July and the current fractals made lows that measured roughly -30% from the 1W MA50 (red trend-line) which is the Bull Cycle's long-term Support level. h) The June-July and the current fractals have identical 1D MACD formations (blue Rectangle). Conclusion If BTC is more like the September fractal, then the bottom is already in and then next break above the 1D MA200 (orange trend-line), should be the confirmation for a rally. If BTC is more like the June - July fractal then we can project that the accumulation will roughly last for a total of 62 days, meaning that there is still another 30 days left of consolidation within the green Triangle. Only a break above the 1D MA50 (blue trend-line) may put a stop to this kick-start a rally. Do you think comparing BTCUSD with those 2021 bottom fractals is viable? Feel free to share your work and let me know in the comments section! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
25
FED-Meeting To Bear-Decline BUT Ethereum Forms This FormationHello, just seconds after the FED yesterday announced its protocol about the last meeting which took place at the 14th and 15th of December Bitcoin and other Cryptocurrencies made a pivotal bearish plunge to the downside. The FED announced that it possibly plans to reduce its balance sheet of currently 8.3 Billion US-Dollar. Such a development can lead to important changes in the market interface for the stock market as well as Cryptocurrencies. Nevertheless, this is currently an announcement and the action wasn't taken yet. In this case, the market is currently testing previous support levels out and is looking if these hold or just the next leg to the downside emerges. The FED Announcement And The Cryptocurrency Market: In such a situation as traders in the Cryptocurrency Market, it is important to look on where the potential opportunities stay and therefore it is necessary to distinguish all the different Cryptocurrencies with the individual formations that they are forming because all of them are diverging especially within the recent times. There are Cryptocurrencies that are forming more bullish potentials while others have a higher likelihood of validation on the short-side. Therefore looking at ETH now we can watch that it moved directly into the 3400 USD level which it is now testing and on a broader scale, Ethereum is forming an important formation that still has positive possibilities. Ethereums Formation Development And Upcoming Prospects: Taking these factors into the consideration looking at my chart we can watch there that Ethereum initiated this main descending-triangle-formation with a coherent wave-count within the formation and a important confluence-point which Ethereum is now testing where the lower boundary accumulation range, the lower boundary of the triangle and the 250-EMA are coming together. If Ethereum manages to bounce within this zone and actually breakout above the upper boundary of the formation this will confirm the whole formation and Ethereum will setup for further continuations, in this case also the further target-zones will be activated. Therefore, it will be highly necessary to watch out how Ethereum evolves here because when it breaks down below the 3000 USD level the whole formation will be invalidated, it will be an important determination ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The past, like the future, is indefinite and exists only as a spectrum of possibilities." Information provided is only educational and should not be used to take action in the markets.
BYBIT:ETHUSD.P
by VincePrince
17
BTC updateHello everyone, If you followed my idea yesterday, you should have been prepared for this. You knew that if BTC had lost the 45500 level, then we would have broken down. Unfortunately, this has been painful for many of you. Nevertheless, being prepared should bring you a bit of comfort. BTC has just confirmed us the worst. With the current monetary policy, risky assets are under pressure due to the spikes in rates and tapering. Nasdaq was one of the worst-hit, and BTC has followed. Previously I talked about three different scenarios using the Elliott Wave theory: - 1 Ascending triangle (my preferred count previously) - 2 Accumulation before the explosion - 3 Big Flat I have to update my idea now and confirm the flat. I know many of you will be demoralised, but the good news is that you will be able to buy your favourite crypto cheap and make more gains in the next cycle. You can see in the chart here presented that if you follow all the counting, it makes sense to believe that the final bottom will likely be at 30600. The end of the fourth wave of a smaller degree is the 100% extension of May's wave A, and it is in Fibonacci equilibrium with the previous waves. I am now looking mainly at shorting the market, and I will personally exit most of my cryptos. This is following my strategy and my view of the market. It doesn't need to be yours. The main resistance now sits at 45500, and soon there will be a test of it and failing to be reclaimed will be another confirmation of more downside potential. Just by using the extension target of the rectangle pattern, we have violated the target is 39k. Nevertheless, that will be the end of wave 3 in this downtrend. I will then expect a retest of 45500 and then one more leg down to 30k. In case the 45500 is reclaimed, then a possible uptrend may be starting, but it will need to be assessed then. For short term trading, I will always use more traditional tools like resistance and supports similar to the one used in the last few days as they have a better short term directional forecasting potential. The EW will be there in the background to highlight some of the long-term possibilities. So going for steps: BTC has lost the 52 week MA (2 years dynamic support) - retest of 45500 (52 week MA) - target 39k if 39k fail to provide support and BTC do not break above 45500 then will look at 30k. I am now focusing my trades on the shorting side. I hope this makes sense to you. FOLLOW ME, SHARE, LIKE AND COMMENT
by CFcryptoTA
Bitcoin - next move on 1D!Given our ground zero on 22 June 2021 at 28700 USD, Elliott waves on 1D suggest that 42000 USD was our correction point A. Based on that it is fair to assume that point B would be between 38.2-62.8% Fib that derives from ATH impulse to point A. However, I would consider to go Short at 50% Fib, around 55500 USD area. This where the price can be expected to bounce off the blue trend line and thereafter, drop down to 33300 USD which would be point C. Indicators support feasibility of point B Both RSI and MACD are at the bottom of a falling wedge. Stochatic RSI is in the position of growth. RVI is following an uptrend.
by WallStreetFox
4
BITCOIN Will it follow the US10Y rise?Following the big reception and positive comments on my most recent Bitcoin correlation analysis (with the U.S. Dollar Index and the S&P500), as shown below, I've decided to make another one, this time with the United States 10 Year Government Bonds Yield (U.S.10Y). Keep up showing me your interest on such ideas with your likes and comments, and I will make sure that more will follow. So on this 1D chart, Bitcoin is displayed in orange and the US10Y in blue. As shown, the have a positive correlation ever since the March 2020 COVID led global asset melt-down. What is very interested to me in particular is the fact that on some occasions, BTC lagged behind as when the US10Y started rising, it didn't follow immediately with a rise of its own, but did so a few days later. This indicates that the US10Y may be at times a leading indicator to BTCUSD. At the moment, the US10Y has been on a strong rebound every since the December 30 low. Could this mean that Bitcoin is lagging behind and will soon follow with a rebound of its own? This is quite similar to say the least with the previous BTC market low on September 21 2021. As you see the US10Y took off while BTC was forming a Support base and started rallying after September 29. Do you think we are in a similar situation? Feel free to share your work and let me know in the comments section! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSDLong
by TradingShot
8
The simple BTC trading ideaGM, everyone. Unfortunately, BTC is starting to look ugly. Bulls are failing to reverse the trend (clearly bearish since 69k). They begin to look tired, and to my eyes, the failure to gain momentum on the bounce yesterday and keep the price above the 46800 is the proof. Nevertheless, we do not panic. Right now, as I explained well in the last week, I am looking at the two major levels, 52k and 45450. I won't sugar coat you the pill, and if we close below the 45450, we will likely see 40 k. Despite this bearishness, if bulls can fight back significantly and bring volume in, BTC will likely complete an Adam and Eve bullish pattern, which is again played only on the breakout or retest. I talked about this pattern in a previous post. So now keep an eye on the critical level 45450 and short a close below that level. If the price temporarily closes below the level and re-enter the price range above 45450, you should exit the trade immediately, risk management. Now, if you ask me, I am long since 45700 with a stop loss at 45000. Why? I am playing support and resistance, buying on support (45450) and selling on-resistance (52k). If any of these levels are violated, I will automatically switch strategy and follow the trend...becoming Perma bear or Perma bull will only damage your pockets...a trader has to be able to change quickly to adapt to the market. This is excellent news for retail traders that play with relatively small capital as the orders are easy to be filled. Imagine an institution that has billion. How hard it must be for them to play it right. So eyes open and be ready for anything.
by CFcryptoTA
BITCOIN The 2D chart and RSI reveal the market bottom!As unusual as it may be to chart an asset on the 2D time-frame, on this particular occasion, it serves Bitcoin a great deal at assessing the current market situation. I will keep it short as the points this approach makes are few but clear. As the bottom we have the (2D) RSI indicator which has a Higher Lows trend-line that offers Support since the late November 2018, which is basically since the bottom of the last Bear Cycle. Since then, the RSI has made contact with that trend-line another 2 times, all of which have been respective bottoms on a yearly basis (March 2020 and May 2021). At the moment, the price is consolidating just above that 2D RSI trend-line, potentially forming the new Support base. At the same time, we see that the 2D MA200 (orange trend-line) has contained the early December 2021 correction and is still holding since. Going back to the price action, it is obvious that this MA level has been the key support band for BTC since it broke above it in May 2019. It held contact in July 2021, May - July 2020 and November 2019. Notably, the only time it broke since the 2018 Bear Cycle was during the March 2020 COVID led flash-crash but we can't really consider this a technical event as the melt-down was asset wide and global and was driven by a once in a decade event (global pandemic). As long as both the 2D RSI Higher Lows trend-line and the 2D MA200 hold, we have a strong case of a market bottom. What do you think? Feel free to share your work and let me know in the comments section! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSDLong
by TradingShot
30
XRP In 2022 Has MASSIVE POTENTIAL With This EXPONENTIAL-FRACTAL!Hello, Welcome to this analysis about XRP. As the new year emerged and 2021 has shown that bigger companies who invested in Bitcoin have kept on with the performance of the S&P 500 this is an important indication that lies the ground for a 2022 that can show important determinations within the Cryptocurrency Field. Nevertheless, 2021 has also shown that funds such as the Bloomberg Galaxy Index that trade the biggest Cryptocurrencies which one of which is XRP have outperformed the market greatly by more than 160%. In this case, it can be profitable to look into Cryptocurrency and pick the good apples that are showing increased potentials along the way and in this case, I discovered XRP as one which is showing an important structure that can bring a worthwhile opportunity to consider. Therefore I discovered the important historical fractal-structure, upcoming determinations, and price-validations to consider. XRP Historical Exponential-Fractal-Structure And Triangle-Structure: As when looking at my chart we can watch there how XRP already once in history has shown up with a great bull market and the concluding fractal in which XRP formed a massive wave count consisting of the waves A to C and which set up with the first historical descending triangle formation marked in my chart in orange. In this heavy run-up XRP gained huge traction from its bottom at 0.004 to 3.5 which has shown that XRP has the ability to show up with these massive gains. Now when looking at the current structure there is a similar development emerging with XRP already completed the foundation for the run-up with the descending-triangle-formation and the breakout above the boundary to form a much bigger follow-up triangle than it was the case in the first fractal. Also simultaneously together with this new fractal, XRP is building this massive bull flag formation which is doubly validating the incoming potentials. Upcoming Determinations And Considerations For XRP IN 2022: Taking all these factors into the consideration here XRP is providing us a great setup on which it has a high likelihood to build upon and actually form a second historical exponential-fractal like we have seen it already validating. Therefore it is necessary that XRP actually breaks out above the upper boundary of the massive bull flag as seen in my chart and when this happens the target zone of 11.4 USD marked in my chart will be activated. Once XRP has reached out these targets the situation can be elevated anew. For now, it is necessary to consider XRP as a single coin that has good potentials, the cryptocurrency market divergence is changing more and more and this is why there are coins with good potentials on the bullish side while others form more bearish setups, these differences are highly important to recognize and properly prepare on them to do not overspeculate the market into a one-sighted direction. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
POLONIEX:XRPUSD
by VincePrince
31
Market Cap USDT ChannelRight what you see in front of you is the secret on how to call tops and bottoms on Bitcoin and as a bonus I mapped time a time sequence on it next time count is 25th April 2022. This market cap USDT chart has been in ascending channel now for years and as you can see every time we touch the tops or bottoms of the channel it has resulted in a major cycle or local top. So if the bull market is going restart we should see market cap go down into April 25 2022 where sometime around that date there will be a top or we enter a bear market now and restart the bull market 25th April 2022 with everything i have discovered the last 3 months I think Bitcoin goes up.
CRYPTOCAP:USDT.D
by Sporia
4
What Happens Next? (Version 3)So the money flow index is showing a similar pattern from the October 2020 breakout its not exact but pretty dam close.The only major difference is the yellow circle which was most likely caused by the massive liquidation event on December 4th , cascade of liquidations must have triggered this movement of the MFI . Will include version 1 and 2 below, really at this point I'm finding so many things that take us to October 2020 fractal that if it doesn't play out i will be surprised. Chart on left - October 2020
COINBASE:BTCUSDLong
by Sporia
Money Flow Index Flashes Rare SignalThis is the 5D timeframe on Helkin Ashi. It seems that the Money flow index has flashed a very rare oversold signal now these green and red circles should not be used for trading as the creator of the indicator explains but we can have a look past to see what happened when these signals flashed in the extreme oversold zone. So the green circles in the oversold area have only flashes 5 times in Bitcoins history, a very rare occurrence. These are 5D candles so the dates below are the starting dates of the candles. 18th October 2011 08th September 2014 15th July 2018 15th July 2021 27 December 2021 So just because this signal flashes in the oversold area doesn't exactly mean we going up , 08th September 2014 and 15th July 2018 we went down and 18th October 2011 and 15th July 2021 we went up so right now it's a 50/50. So even it failed to call the bottom every time all these signals had an impulse move to the upside except 08th September 2014 . So now it brings me to the most interesting find which gives yet us another clue into the future . Whenever price comes down into this oversold area we always form some sort of bullish divergence that triggers massive moves to the upside and right now we could be doing just that repeating a divergence fractal from 15th July 2018/Dec 2018 and 15th July 2021/27 dec 2021 , if you notice both hit the oversold area at 20 then about 150 days later hit a lower low, this could be in fact the same divergence playing out , on sunday we will get a better picture once the candle closes. Also at this very moment we are printing what seems to be a heikin reversal candle. Check out the picture below. Check out TA's below to see where the market could top for 2022
INDEX:BTCUSDLong
by Sporia
3
The Path to 185k (Bitcoin)There are two ways we can go up to 185k. Red Bar Pattern A massive impulsive wave starting January 10th -30th 2022 and then price consolidating sidways for a while before a 30-35% correction sometime March-April 2022. This period during March-April will cause alot of panic selling and doubt in the market that the top is with Bitcoin at 120k , but price will come back down to the 1.618 at 85k before heading back up for a top at 185k. Green Line Pattern Price will gradually be moving up slowly grinding up to higher levels over time with a correction again around March -April. This option for me is much less likely because normally final legs of the bull run have much more accelerated momentum as greed turns the market in mass euphoria.
INDEX:BTCUSDLong
by Sporia
4
Dollar Goes Down, Bitcoin Goes UpWhenever the dollar drops we tend to get Bitcoin Rallys not all the time but there is a correlation to take a look and compare. So when the dollar broke the 8/1 Gann ratio in June 2020 what preceded was one of the largest Bitcoin rally in history. As you can see once under the 8/1 Gann things drop pretty quickly. Since the dollar's double bottom formation in January 2021 we can really say that Bitcoins 2021 has been a long accumulation of sorts as the dollar rallied. The dollar has been in this ascending channel since May 21 2021 and has broken the 8/1 Gann but now is the important part the retest of the 8/1 Gann if the dollar fails to hold the 8/1 Gann as support it gives a much higher probability of a Bitcoin Rally. This time round the dollar failed to even touch the 0.618 showing more weakness then last time, lets see how things play out.
TVC:DXYLong
by Sporia
1
What Happens Next?Everybody is still debating if we are going into a bear market or are we in a bear market , the only thing these questions do is distract you from what is about to happen . Look at the facts in the charts : October 2020 Breakout Green Box - Pump breaking 8/1 Gann Yellow Box - False Rally (Distribution) RedBox - Price coming back down and holding 8/1 Gann as support and reaching Max Pain on market sentiment. Orange Box - Disbelief Rally Present Day Green Box - Pump breaking 8/1 Gann Yellow Box - False Rally (Distribution) RedBox - Price coming back down and holding 8/1 Gann as support , also reaching Max Pain on market sentiment. Orange Box -???? We can see things clearly playing out like the 2020 breakout same pattern as before . It is designed that way to create as much confusion and false signals as possible before the rally and when it comes most traders will be at a point of disbelief so they won't enter the market till much higher. Just take one step back and look at the whole picture and market sentiment , traders are the most divided now , everyone has their own idea on what's going on and what's about to happen but nobody is really paying attention to the chart. The fact is you can clearly see the same pattern playing out that fooled everyone in 2020 thinking Bitcoin was just ranging with that drop from 12500 to 10000 , when in fact it was the best entry in trading history , could this be the second ? Its time to stay focused and not get distracted with small 5% moves this is all noise.
INDEX:BTCUSDLong
by Sporia
3
BITCOIN, 2021 LEGACY, PROSPECTS TO A NEW-YEAR 2022!🎉Hello Community, the year 2021 is finishing and for Bitcoin, it was an important year. As I forecasted in my analysis for the year 2020 as well as 2021 the massive decade-cup-handle-formation BTCUSD has finally completed and printed a run-up of almost 260% from 17.900 USD to 64.500 USD. If you did not see this analysis I highly recommend it to watch as this analysis is building a coherent follow-up to the previous two years ones, I link them into this analysis. Now as these strong movements completed and Bitcoin formed a decisive structure there are pivotal considerations to watch out for in the new year 2022. Therefore I will look into these and explicate them so we can prepare for upcoming events as we also do appropriately in our Elite VIP Channels, in this manner, from my side a Happy New Years Eve for everybody. May 2022 bring you health, prosperity and good connections. ▶2021 As A Year Of Continued Bitcoin Adoption: 2021 is finalizing and we can see that important things moved Bitcoin in 2021, mainly we can see that 2021 was a year of institutions and institutional interest has grown reaching from bigger banks to companies like TSLA and also Microstragey moved on to accumulate more Bitcoin. This is why we have seen these strong volatility bounces in 2021 especially also as big players had their rigged approaches in Bitcoin. Nevertheless, 2021 was also a year in which mainstream adoption accelerated as several Bitcoin-ETFs and other Cryptocurrency ETFs got their approval, which is a positive development for a continued mass adoption that will hold on in 2022 as well. Also, a fundamental development that printed headlines was the fact that El Salvador launched to adopt Bitcoin as a legal tender which contributed to more positive sentiment for Bitcoin as an actual currency which was also a pioneer action that other countries are considering to follow. All these developments are showing that Bitcoin gets more and more adopted by the mainstream and that this trend is likely to move on which shows an abundant landscape for Bitcoin continue its historical monetary journey. ▶Technical Developments In 2021 And Prospects For 2022: As when looking at my chart now we can watch there how Bitcoin completed the whole massive cup-handle-formation I mentioned in my previous years forecasts, this completion confirmed even more targets. Besides that as Bitcoin moved on to breakout the cup-handle-formation we can watch in this chart now that Bitcoin continued to hold on above the 60-EMA marked in red and above this EMA BTC has now moved on to form the next historical triangle marked in blue that I already mentioned in my triangle cycle analysis. As Bitcoin is finishing the wave count within this triangle there is a high possibility given that this whole formation completes which will happen when Bitcoin finally bounces above the upper boundary as seen in my chart. Therefore there is a great objection given on the middle to long term basis however on the more short term basis we should expect that volatility developments will increase further and that Bitcoin will show more and more rigged movements on short term outlooks as I already pointed out in my Rigged-Bitcoin-Analysis. ➥ Decade Cup-Handle-Formation Forecast In New Years Eve From 2019 To 2020 - Technical Analysis-Prospects For 2020: ➥ Completion Of The Decade Cup-Handle-Formation In New Years Eve From 2020 To 2021 - Technical Analysis-Prospects For 2021 In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, have a good New Years Eve, lets move into 2022 together and boost the goals, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
32
BITCOIN vs USD vs S&P500 What 2022 will be like. HAPPY NEW YEAR!As 2021 comes to an end, we can make a review of how the year went and attempt to project how 2022 might be like for Bitcoin. In this attempt, I've charted BTCUSD (orange trend-line) against the U.S. Dollar Index/ DXY (green trend-line) and the S&P500 (blue trend-line). As you see, based on the correlations of those, BTC can be divided into phases of Bull (green), Bear (red) and Accumulation (yellow). Basically the whole 2021 was a year of accumulation as BTC traded generally sideways. At the same time the Dollar rose as well as the S&P. It can be argued that what kept BTC within accumulation and not a new Bear Cycle, was the strong rise of S&P throughout the year as typically a rising Dollar brings a Bear Cycle on BTC. Similarly, when the Dollar falls (or at least stays sideways) while the S&P rises, BTC enjoys a Bull Cycle. A sharp fall on the Dollar in particular is what brings BTC's parabolic rally. So based on what this chart illustrates, we can argue that as long as S&P500 keeps rising or the Dollar stops rising, BTCUSD won't enter a new Bear Cycle. We may see an extension of this accumulation phase then if the theory of lengthening (mega) cycles is true. If the Dollar start falling though and attempts to reach the bottom levels of February 2018 and January 2021, we may see a new parabolic phase in 2022. Keep an eye on these important correlations and don't lose sight of the bigger picture picture in 2022! The TradingShot team wishes you a Happy New Year!! Feel free to share your work and tell me your opinion on this analysis in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
23