Get started

Bitcoinsignals

BITCOIN Is this June21 all over again or a new paradigm unfolds?Another selling sequence for Bitcoin and another Lower Low since the November 10 All Time High. This (very) bearish price action is close to invalidating the paradigm that BTC is repeating the May-June-July bottom sequence. More specifically it is about to test the August 05 2021 low. A break below that Support, invalidates the whole pattern. On June 22 2021, that Support level held and BTC made its bottom that led it into the late July recovery. This time? 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
42
Bitcoin Longterm Update 20/01/2022 $290k TargetFrom the current structure, it looks like Bitcoin (BTC) may be retesting the key support level @ $40k..a potential bleed incoming. If we fail to hold $40k as our key support level, BTC may fall further, retesting the 23.60% fibs @ $39,694 Further to this, the Sovereign A.I script has just triggered a Sell Signal on the Weekly timeframe (Not to be too alarmed, we are still bullish on BTC), it looks more than likely that we may experience a longer period of this downward trend (already 6 weeks in). I believe if BTC finishes above $46k-$47k this month then we may regain market sentiment. As it stands, we are just days away from a big breakout of this descending wedge towards $49k or the more gloomy scenario in the short-term which would see BTC retest the previous key support and may further to the May Bottom $20k. This is the capitulation which will fuel the next parabolic phase as we go into late Q2, Q3 and the road to $100k is still plausible after the climb back to retest the previous ATH @69,004. looking back at the past year BTC has been consolidating in a range between $28k-$70k, further capitulation will only fuel the next impulsive run for Bitcoin, have a look at this potential scenario.. 551% Gain for Bitcoin at the current price to the full fib extension @ $290,017, and from the lower price range if we fall further during this extended cycle, it is a 694% gain @ 50% fibs ($34,172) to the full fib extentsion
COINBASE:BTCUSDLong
by CryptocurrencyMagnet
Bitcoin Update 19/01/22: BTC Death Cross Road, road to $74kBitcoin Update 19/01/22: BTC Death Cross on 14th January 2022, currently BTC is 63% away from the all time high price @ $69,004. A final capitulation may be in play before we can finally start climbing back up with a steady upward trend direction towards the previous ATH and the $79k target at the 127.20% fibonacci level. It is important to highlight that this final capitulation could occur at any time as long as there is high volume to confirm the bottom for us, a true bottom before a full trend reversal back to the ATH. One of the main aspects of the key capitulation from Dec 2018, March 2020 & May 2021 is that this has always signalled the bottom and the start of a new upward trend for BTC and alt-coins alike. Bitcoin ( BTC ) on the daily chart is showing strong signs of an oversold market and is currently sitting just above a key support level at $40k, currently priced @ $41k. If the $40k level fails to hold as support BTC is on its way back down to retest the 23.60% at $39,694 which is currently -6% from the current price level. This current downward trend we are experiencing may lead to another consolidation period similar to that after the May crash where we saw BTC struggling to get past the 23.60% fibs 3 times consecutively during a 3 month period before finally breaking out in early August. Our AI script signalled a strong Buy Signal on the 28th July confirming the start of the last bull run phase which saw Bitcoin setting a new ATH just under $70K, a 1671% gain for BTC from the March 13th 2020 Bottom @ $3.8k. As mentioned previously during the last year we believe the current cycle we are experiencing is something we have never experienced before (extended super cycle to foster the adoption cycle), old cycles have been broke and it is important to look at new information and data to better understand where we are going in terms of innovation. Technically, looking at the current structure of Bitcoin, we have a head and shoulders pattern, if this pattern plays out, which in a downtrend could see BTC below the bottom experienced in May. *Note this is just technically speaking, when looking at the market and on-chain analysis we can see that they are less and less Bitcoins available on exchanges, that coupled with the current inflation crisis & ongoing money printing are very strong fundamentals signals which are very bullish on the price of Bitcoin. 2022 promises to be yet another explosive year for the industry and like experienced in the past before, during these times you can really sniper in some great discounts for the next leg up 🎯
GEMINI:BTCUSDLong
by CryptocurrencyMagnet
BITCOIN and China stock market go hand in hand despite the bans!I see a lot of interest on my Bitcoin vs U.S. indices fractals and that motivated to make more seemingly 'odd' comparisons that end up to interesting findings. One such interesting finding is the comparison of Bitcoin (orange trend-line) to the Shanghai Stock Exchange (black trend-line). Everyone in the crypto world knows how strongly the Chinese government has been battling Bitcoin mining and transactions. Last year alone (2021) we had two such events with the May one being the most severe causing a price correction of more than -50%. Despite the bans, this chart shows the remarkable correlation of BTC with the Chinese stock market! To get a better understanding of how closely correlated they have been since late 2017, I've plotted also the S&P500 index (light grey), on very low opacity though so that it doesn't spoil the main comparison of this study. Especially their correlation throughout 2021 is astounding as both BTC and Shanghai have been trading within a wide range, while the S&P was making High after High. So the question is obvious. Why despite all of China's hostility and legal actions against BTCUSD, it is so correlated to their stock exchange? I am very curious to read your thoughts. Let's make a heated discussion in the comments section down below! Feel free to share your work! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSD
by TradingShot
39
BITCOIN and DOW JONES interesting fractalThis comparison is between Bitcoin after the 2020 COVID crash and Dow Jones after the 2008 Subprime mortgage bottom. I won't go into any detail at all, this is just a fun fractal to discuss. How possible do you think is a repeat of this sequence for Bitcoin? 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
40
The W pattern To 100k (Bitcoin)So I have been going over Log Fibs quite a bit the last few weeks and found amazing patterns regarding the Blue Fib log you see in front of you, take a look at the TA below . What I noticed was that Bitcoin tends to do a double bounce off the Blue Fib log before moving higher, right now with just had that double bounce. Now looking further into each bounce we can see that sometimes Bitcoin created W formations with these bounces. Here are a few examples 2019 W formation 2017 Another W formation 2010 Not as clear be somewhat W formation This is what we could be creating right now and a massive W formation that has taken one year to form. We did the same thing previous years in a much smaller time frame because the market cap was much lower , now that we need to go to 175k the W pattern needs to be much larger to swing that momentum , let's see if it plays out. I also have a different scenario one that is more bearish take which would take Bitcoin down to 35k , I really doubt we go lower if this happens , some of the calls down to 20k is just so ridiculous not saying it can't happen but we talking about a black swan event to get down there. Just take a look , Bitcoin has only ever touched the blue fib log under the 50% line once in 11 years and it was the Covid crash , people think Bitcoins going down to 20k with a simple correction are not seeing things clearly , just look at where a 20k Bitcoin lands same place as the Covid crash , so yeah anything is possible but to get there we need a black swan event at this point. Fib Time Zones 0.5 - 20th Feb 2022 0.618 - 2nd March 2022 1.618 - 23rd May 2022
INDEX:BTCUSDLong
by Sporia
1
BITCOIN fractals and the critical underlying trendline to watch!This isn't just yet another comparison of the price action since December with the fractal late August - September. This time I want to place more emphasis on how a key pivot trend-line can offer support and work in favor of a price rally. As shown on this 1D chart, the two fractals are similar, also very symmetrical as not only did both use the 39600 as Support but at the same time have a High on the 52900 Resistance level. It appears that currently we may have completed step (5) and as the RSI is rising, the Triangle (green) may soon break upwards. The 4H MA100 (red trend-line) was the confirmation signal on October 01 2021. What can further strengthen this bullish break-out case is this Underlying Pivot trend-line that started all the way from the November 10 2021 All Time High (ATH). As you see, Bitcoin was testing this from below with rejections from Nov 10 to Dec 22 and since then is pivoting at the top of the trend-line. We have seen in the past how important underlying trend-lines are for BTC, especially during uptrends (check my previous studies). Whatever the gravity of this trend-line might be, we have to pay attention to two Resistance levels on the short-term, the 4H MA100 (red trend-line) and the 52900 Symmetrical Resistance level. 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
16
BITCOIN - Trading in its good support level🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock/Crypto coins to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
BITSTAMP:BTCUSDLong
by PrakWorld_Traders
BITCOIN It's NOW or NEVER for the rallyBitcoin made a bounced early this week and it appears to be following the bottom formation pattern of my most recent model: As I showed on that chart, the Falling Wedge of September entered a bottom sequence after its last flush on the 39600 Support and as the blue dashed line held, it formed Higher Lows that broke finally above the Wedge. So far the blue dashed line is holding. ** 2021 fractal vs today ** Now back to today's chart. I've made it on the 3D time-frame for one simple reason. The LMACD and RSI indicators indicate when the bullish break-out might happen. First of all let's acknowledge that the January 2021 - July 2021 fractal is very similar to the September 2021 - January 2022 fractal. Right now the price sits below the Lower Highs trend-line of the bottom sequence (green Rectangle). A break above these Lower Highs, signaled the start of the new rally in July 2021. ** The LMACD ** At the same time, the LMACD of the two fractals is almost identical. Not only was it similar during the accumulation phases (blue ellipse pattern) of January 2021 and September 2021 with its successive Bearish and Bullish Crosses, but also now. The rally started when the LMACD made the next Bullish Cross. Right now such a Cross is emerging. ** The RSI ** During that bottom formation phase of June - July 2021, the RSI was also on Lower Highs. When those broke, it coincided with the LMACD Bullish Cross and the price Lower High break-out and BTC started its new rally. So far that RSI Lower Highs trend-line is holding but seems a matter of time before it breaks. Is Bitcoin ahead of a Now or Never move on this Lower Highs trend-line? We will soon find out. But what do you think about this comparison. Does it give you a better long-term perspective? 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
39
The Power Of Blue Fibonacci LogThroughout the history of Bitcoin there has been one fib log that holds the key to parabolic moves and that is the blue Fibonacci log. Underestimating this Fib log on a Bitcoin uptrend is a grave mistake as you can see every time Bitcoin is on a macro uptrend and bounces off the blue Fib log it triggers massive momentum. This is why now its most important to take notice where we are now and what is happening , we bounced off this log July 2021 and ran all the way up to 70k and right now we bounced off yet again holding as support for now. As a bonus check out the reaction in 2019 when we bounced off it .
INDEX:BTCUSDLong
by Sporia
10
BITCOIN Why $150-200k may be nextHaving started the month and in turn the year with high volatility, it is time to look at Bitcoin on the long-term charts again. The current analysis is on the 1W time-frame and it is a comparison between the 2021 sequence and the fractal of mid 2019 - mid 2020. ** The RSI ** The 1W RSI of the two, if divided in legs, are virtually identical. Even though leg (5) in price terms made a Lower Low, that huge panic selling was due to the COVID global asset melt-down, a panic event that is unlikely to happen again. ** The Channel Up and the 0.5 Fib ** At the same time, BTC hit another key support line, the 0.5 Fibonacci level of the Channel Up since that COVID bottom. As shown on the chart, every time the price traded within the Fib 1.0 and Fib 0.5 zone of the Channel, it was a buy opportunity. Last time BTC hit that 0.5 Fib was on the October 05 2020 1W candle. What followed was a +555% parabolic rally for a market top (and new All Time High) on the 2.0 Fibonacci extension. If this is again a buy opportunity and we don't experience another COVID crash event, and assuming Bitcoin needs again around two Quarters for a new parabolic top, the Fib 2.0 Target could be placed within $150000 and $200000. Do you think that's a new long-term buy opportunity and if so is this target zone realistic by Q2 2022? 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
68
The double Bounce off Blue Fib Log!This is a follow up to to my previous TA please take a quick look at this one . Right so yesterday on the TA above I went over how powerful the blue Fib log is , I realized that every time we are on a macro uptrend and Bitcoin bounces off blue fib log it triggers massive momentum. Now taking a deeper looker at what exactly happened during that period we can see that as early as 2010! Bitcoin most of the time creates a double bounce on the blue fib log before going higher! 2010 ! Bitcoin does a double bounce of the blue fib log before a massive move to the upside 2011 We can some sort of double reactions but this one is not very clear. 2013 a double bounce! 2017 a nearly perfect double bounce , first one didn't exactly touch but very close. 2019 , again a double bounce of the blue fig log this time taking bit longer the normal. As you can see Bitcoin tends to do double bounces off the blue fib log before triggering massive momentum. As of this moment Bitcoin has had its second bounce off the blue fib log!
INDEX:BTCUSDLong
by Sporia
2
2017 vs 2022 (Part 2)Expending on the previous TA . Market structure same as MId cycle 2017 : 2017 40% pullback Lower High Descending Wedge Bounce off Fib log 2022 40% pullback Descending Wedge Bounce off Fib log As of this moment technically still a lower high with the last swing closing at 40700 (Yellow Circle) , at the moment no daily close under 41000 so for now we still have a lower higher. Pretty amazing that the 2017 cycle before entering the last phase of the bull-run created a descending wedge pattern with a 40% pullback a mirror of what is it going on right now . Its obvious that the are cycles lengthening but what part of the cycle is actually lengthening? It could be that the mid cycle pause each bullrun has is lengthening because the run up from October 2020 to January 2021 was in fact faster than the 2017 run so is it possible that just this mid cycle period lengthens this whole pattern in 2017 took 160 days to play out and now we are at day 350 with this pattern double the time so far. If this is the case , it is possible that the last phase be just as parabolic as October 2020 or even more than the last phase of 2017. If we do reverse here and start the last phase it will be extremely short burst of massive momentum peaking sometime May 2022
INDEX:BTCUSDLong
by Sporia
4
BITCOIN Is this a Falling Wedge bottom formation?Well the title basically sets the question right. A comparison of Bitcoin's current Falling Wedge with the previous one that lasted throughout the whole month of September, reveals many similarities. I've marked the legs with numbers with (1) being the Initial Big drop that kickstarts the Falling Wedge (with the Ichimoku green), (2) the fake break above the Wedge (with the Ichimoku in red), (3) the last flush that creates the bottom formation and initiates (4) the true break-out above the Wedge. Notice the importance of the LMACD Crosses below as well as the fact that today's flush reached as low as the September 21 2021 low, which is the current Support. Do you believe that BTC is on a 'last flush sequence' that will form the bottom and initiate the break-out? 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
28
BITCOIN@miladekramii The market had lost a lot of volume, and if this decline did not occur, it could not have predicted an ascent, and if a correction of 0.886 occurs, it will hit the target of 1.130, and the interesting thing is that the target of 1.130 is the same as the 5-wave target, ie you are Rasht. Measure the previous uptrend and measure from the end of the downturn you will see that the same target Be sure to follow the other scenarios on my accounts 1senario 2senario
Long
by trading_ppt_
1
All Cycles Are ConnectedAfter going through hundreds of hours of Bitcoins history and past cycles I now believe that the most important cycle to look at is the 2019/2020 period. Call this period whatever you want but the fact is we are repeating the pattern so closely one can not ignore it. Going over the 2013 and 2017 cycle would have given you some insight into movement but nowhere near the accuracy as the 2019/2020 run. So how does this cycle compare to the rest? well it might not look the same but all the past cycles are connected to this one in some way. Below you can see a pattern on the monthly chart from 2013 as you can see it played out nearly the same until November 2021. Also we have something similar from the 2017 bullrun , below you can see a bar pattern from January 2017 if you overlay that from day to day starting January 2021 you can see we repeated similar movement during the bullrun , even the Mid cycle bottom happened nearly at the same time. So we have a monthly Marco Fib log pattern from 2013 that played out , we had a daily candle pattern from 2017 and now we have the same Money flow index pattern playing out from 2019/2020. So when someone saids this is not like other cycles I would have to disagree with that and say this cycle is all past cycles combined together, there is no simple answer to that question as I have shown you here we have gotten something from each cycle so now the question is what's next? It is undeniable that this Money flow Pattern on the weekly is a mirror fractal from the 2019/2020 period , you can call that period a bear market or an accumulation phase but the fact is if this pattern plays out we will continue the bull run. The green and red numbers indicate fear and green numbers check it out here : www.lookintobitcoin.com As you can see we at the same fear range as the marked yellow circle and also its important to note the “43” marked in yellow that fear number is when we triggered max momentum. Shortly after the covid crash there was a pullback in price that caused this pattern on the MFI(Yellow circle ) it was exactly 13.46% pullback that created this “W'' pattern ,you can’t see it in Heikin Candles but if you zoom in on japanese candlesticks it's there. So at this moment in the exact same time as the fractal in 2020 we have had 14.23% pullback with this weekly candle (closes tonight) . It's very interesting that we have had pretty much the same pullback percentage as 2020 so if this pattern does indeed play out the MFI should mark a flat reading to start forming a “W” pattern , we will find out in 24hours and post an update below. Lastly it took about the same time for that entire fractal to play out 350days and a possible timeframe when we could breakout of this triangle pattern on the MFI would be Mid February 2022
COINBASE:BTCUSDLong
by Sporia
10
LAST CHANCE FOR BITCOIN!Bitcoin is at a large level of support. Price is having a short term recovery with poor volume which indicates that this support level is weak. If this support was valid BTC would have bounced to 45k. The MFI on the 2h chart is looking strong but could turn bearish very quickly. BTC is trading below the 200SMA which is a bearish signal. BTC is also trading below all of the EMA Ribbons. These EMA Ribbons were previously used as a strong level of support. BTC has held above the EMA Ribbons for a good period of time. BTC is looking to hold below these EMA Ribbons with a good amount of selling volume. On the 2h chart we are also seeing a one-body candlestick formation which is bearish due to the fact that the latest candle did not have the ability to close or wick above the previous candle. This candlestick formation is bearish once spotted on a strong level of support. BTC also doesn't have a large volume spike which would make this support valid. I would wait before going long on BTC. This support needs to be confirmed by a large amount of volume and a leg up in the price of BTC. TD Sequential is also looking bearish because we have a green 4 that is about to close below a green number 3. This indicates that we have an invalid uptrend. BTC made an attempt to break the downtrend but is looking to fail. BTC could bounce from here, or break the support and drop to around 29-35k. *WARNING* This thread and analysis is not financial advise. I am not a financial advisor. Thank you for reading.
COINBASE:BTCUSDShort
by Patriick2jz
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