Get started

Bottom

Bitcoin Reversal Criteria and SignalsOne condition which could indicate a reversal is the dmi - (red line) reaching the 40 line (purple horizontal line) on the 5 day time frame. Looking at the history of dmi, the dmi - reaching the 40 line/level has been indicative of the bottom being in. Nov 2018, March 2020, both bottoms coincided with the dmi - reaching this level. While it's not necessary, this is one of the signs I'm looking for. It doesn't mean btc price will rocket to the moon straight away once that level's hit, what would be another good sign, following that level getting hit, would be the dmi + and dmi - (blue and red lines) crossing, and then both remaining close, flat, crisscrossing one another for a few weeks, or months. That would be accompanied by the flat price action which often precedes a reversal, not unlike after the low was put in in Nov 2018...it took a while.
COINBASE:BTCUSDLong
by Veneficus
4
⚡️ #BTC OUTLOOK - 19/07⚡️⚡️ #BTC OUTLOOK - 19/07⚡️ 60:40 Bullish: Bearish Been keeping an eye on the Pi Cycle Indicator recently and it looks like the bottom has come in. This thing has called a perfect top consistently. Like with all TA and Indicators nothing works 100% of the time....but so far this has worked 100% of the time.....so as always in trading probability is pretty much your only companion. Check this one out - it is a free indicator on Tradingview search "Pi Cycle Bitcoin High/Low" by NoCreditsLeft - give it a like too for making an awesome tool! Coupled with the timing between the halving's and also a big buy signal on the Alpha Wave on the Weekly we could be looking at a potential bottom. Excitingly also S&P500 showing buying pressure 🔸 S&P500 corporate insiders are in the heavy buying zone. 🔸 This has historically led to very attractive returns in a 6-12 month time frame. BTC is and has been correlated with the S&P - so this will likely spill into BTC. Very promising signs *Data not verified so please DYOR
INDEX:BTCUSD
by Kryptochristian
Longterm Bitcoin ChartWhile I'm looking for dmi - to reach certain extremes before I feel comfortable claiming reversal is imminent, this old chart implies we could have already tagged the bottom. There's the caveat of the dmi, and if there is another drop, I'd think it would be around ...maybe the 21st, give or take a day. I don't think you're supposed to try to time it cuz you end up looking foolish, I guess. Maybe btc hits 24k first, and if it breaks that...might just be green light to 30k.
COINBASE:BTCUSDLong
by Veneficus
BTC/USD cycle bottom found - time to celebrate?This analysis is not intended to be a piece of financial advice. It is affirmative to believe that Bitcoin Cycle Bottom is technically formed and found. The market may show some rally, as well as a reversal to retest the Cycle formation so the swings will benefit. Markets may anticipate some relief as the labor report is above expected numbers. The next interest rate may likely be not 75 basis points; instead, it is likely that Fed may reconsider going for 50 basis points that will help sustain the Bottom Formation. Still not a time to go Long. If one should, setting a limit of 18.8k can prove to be a wiser move.
COINBASE:BTCUSD
by coreSATS
BTC ! The most important channel in BTC history. I'm looking at monthly timeframe. Every time when BTC touched the upper band of the channel it toped and every time when it touched the lower band of the channel it bottomed or pumped very hard. Pay attention every time when BTC topped or touched the upper band of the channel RSI> 90 and every time when BTC touched the lower band of the channel or bottomed RSI<50. BTC touched the lower band of the channel on 18.06.2022 and at the same time RSI bellow 50. This is another prove that BTC has already bottomed as I mentioned in my previous analyses. Check all my previous analyses attached the bellow that proves BTC has already bottomed.
BITSTAMP:BTCUSDLong
by ergal91
14