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BTC Prolonged Correction IncomingFirst of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! We took profit for BTC in the past week and are now waiting for a re-entry around 8.8k. Despite the short to mid-term bearishness in our recent analysis, we remain bullish for the long run. As a result, buying the dips is prioritized. BTC technical remains bearish for the mid and short term: 1. 2D RSI failing MAs ( bearish trend confirmed with the last BTC rise) 2. 8hr chart failing 55EMA. 3. BTC downward channel 4. 5 Elliot waves to the upside likely over 5. A double combo wave forming & might repeat the wave A of W scenario in coming weeks The daily BTC chart does have slight bullish technical signs right now. However, more volume is needed for those bullish signs to initiate a push to 10k. Are you currently a bull or a bear on BTC? All thoughts and critics are welcomed! ===================================================== 🌐 We believe in the power of blockchain data analysis! =====================================================
COINBASE:BTCUSD
by Phi-Deltalytics
70
BTC: This needs to happen soon for bull trend to remain!First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! The RSI is currently at an interesting level. Historically, bullish trend remains when RSI stays above its MAs, and the trend turns to bearish when RSI falls below. Bullish turning point: RSI attempts at MA cross over from above and holds Bearish turning point: RSI attempts at MA cross over from below and fails We like using the 2D RSI for BTC trends. Currently, the RSI is showing signs of a bearish reversal. In order for the bullish trend to remain, BTC's next push to the upside needs to be strong enough for the RSI to break above its MAs (eg. similar to June 2019). How likely do you think we are getting a strong upward momentum soon? All thoughts and critics are welcomed! ===================================================== 🌐 We believe in the power of blockchain data analysis! =====================================================
COINBASE:BTCUSD
by Phi-Deltalytics
26
bitcoin long term 2011/2020 priceinteresting observations on btcoins price history. --Bitcoin (blx coin) on 1W timeframe-- -aproxx every 53 bars, or 370 days before each block halving, the price finds a bottom: (eg: oct/nov2011, june2015, and more recently march 2019 and march 2020) Price coils inside the fractal trendlines (red and purple flag formation on 1W tf), then breaks out on/around the time of the block halveninnng. Price makes a new ATH and roughly after 600 days (1 year and half) passing the halving, the price is already on its way down from the bubble pop, eg: Aug2011, Jun/Jul2014, April/May2018, and if the fractal continues then March2022 in 1.5years from now, finds new bottom 378 days before the halvening of 2024 on or around Q1 of 2023 --Now the question is, since the price hasn't yet broken out of the flag formation (red and purple support and resistance trendlines) it can even breakout between Q4 of 2020 and Q1 of 2021. The price reaching the top of the red resistance trendline and retesting as support then taking off and next bubble poppin on or around march 2022. IF the price breakouts like previous halvings, price will be the following the same projection as the yellow and blue fractrals
BNC:BLX
by wluniao13
My BTC pitchfork Rising Wedge IdeaA BTC forked wedge idea for the years 2020 - 2025 Without the major alts BTC cannot live. Data is the new oil and what will drive our economy to a more stable future. As the fad word "concurrency" lingers to catch the investors eye a new world of digital assets will be born and molded to form the new market we have today. 5G will become more effective IoT gets smarter Micro data grows A.i. 2025 - 2030 Booming years There is all kinds of little things I can add into this but I don't want to crowd the chart ..just want to show the basic concept here. Overall this is how I am looking at the market in terms of the "3 to 5 year timeline" But ANYTHING can happen right now and this decade. I hold no magic ball Im just making a calm observation and conservative slow growth POV on BTC. I hope this grows much faster in price before then but I dont want to HYPE myself up. I will patiently keep supporting the growth of this market! GLHF as always...trade safe and manage risk! Comment below what you think is most important coming our way this decade for Digital Assets and the Crypto market health as a whole! Please hit that like button and follow for support!
BNC:BLXLong
by AschraM
BTC (BLX:Brave New Coin) M,W,D Simple Case for BullishI see some promising signs from a very simple perspective without using much (I'm sure people will say your brain included... but haters gonna hate and potatoes gonna Po-Tate). To keep this simple: 1. On the monthly 9 MA Penetrating through the 20 MA is a positive sign, its like the first time your with a new partner in bed, Its exciting, momentum has been building and BAM! Ready to rock, Shoot for the moon! 2. Pull back on monthly volume looks clean, I could see an argument the other way but lets be honest I am not a Pro and I am willing to admit I have a bias. 3 Note: On Monthly the light gray are just some additional supports I watch personally to watch for hidden supports and resistance, they are also utilizing wicks and depending on who you talk to, my favorite knock at wicks is "Don't be dick stop playing with your wick" 4. Stochastic on the Monthly and Weekly looks good and ready, however the Daily not so much. In my world of Candy canes and unicorns I want to believe we go sideways for a handful of days into next week, and then We see some magic happen or well lets just say Get rich or die trying... 5. Interesting on the Daily the Flag which fits well into the larger Monthly flag, could pack a powerful punch or slap us in the face and take our money! Let me know your thoughts! Get ready people lets see where we end up. Hopefully I can buy my virtual yacht with my virtual currency!
BNC:BLXLong
by JaxelCap
Bitcoin linear 2019An idea with a linear chart as a noise removal technique. First, let's address the term "Noise" , in a broad analytical context, noise refers to information or activity that confuses or misinterprets genuine underlying trends. If we strictly speak in a technical context, noise is simply all the price data that distorts the picture of the underlying trend this includes mostly small corrections and intraday volatility. This a linear chart where the price source used is the average of the four most relevant points for a given time frame. Price source = (O+H+L+C)/4 The ellipses highlight the periods of lower volatility where the price dynamic narrowed its price range previous to a post-expansion. In the larger ellipses, this kind of dynamic lasted around 7-9 weeks. Note: I find the potential of this chart for having a macro perspective. Weekly scale ≤ recommended scale ≥ daily scale Chart BLX weekly scale BraveNewCoin Liquid Index for Bitcoin
BNC:BLX
by anibalsantaella
5
Bitcoin - $80.000 till October 2021? Why?Thumbs up and follow me Long-term perspective Bitcoin If patterns are repetitive or at least similar, then the course could be predetermined in the next few months. As a rule, humans try to draw on the past and the present and look for the future, and that is exactly what I am trying to do with the logarithmic BraveNewCoin Liquid Index for Bitcoin because it provides the longest historical data here at TradingView. Explanation: 1. The blue vertical bars stand for halving, which takes place every 210,000 blocks. 2. The green boxes represent the rising phases (Bull 1, Bull 2, Bull 3, Bull 4) 3. Within the green boxes are light blue boxes and stand for the phase to halving. On average less than 10% of the total upward movement is achieved in this phase. 4. The length of the up phase is determined from the end of the previous correction and its midpoint was previously close to the Halving, so that the length was determined for Bull 4 and this results in a potential turning point for October 2021. 5. The red boxes mark the correction phases 6. EMA 50 gives entry / exit signals to the holders 7. Assuming that Upward Stage 4 (Bull 4) is also 4.9 times smaller than the previous Phase Bull 3, the target is $ 79.994. 8. The subsequent correction could then reduce 80-95% of the high point. Assumption that 82.5% be corrected, since each correction has been somewhat weaker than the previous one. Investment greetings from Hanover, Lower Saxonia Stefan Bode P.S. You like it? Thumbs up (even with older analyzes) and follow me :-)
BNC:BLXLong
by StefanBode
1
Bitcoin cyclic BUY/SELL Signals previous 8 yrs. And the next 3 ? Hi Some sick stuff is going on here.... Playing with timing of BTC up/down the past few years, it looks suspiciously rythmic. I added 2 sine lines, one half the length of the other one. When they have crossed, they have timed perfectly both sell signals and buy signals - over a 8 year period. This is pretty strange to me. Also the Moving averages cross timing capitulation perfectly (66,6/50) Will be interesting to see how this plays out the next 2-3 years, if this can continue in this "Universal Law of Crypto" I will definately be in the office december 2021, not sleeping for a month :) So.. If we invested 1 USD in BTC on the first crossing ( left bottom corner ) and followed the buy/sell signals, we would now have 38 BTC.
BNC:BLXLong
by NaturalPatterns
14
Bitcoin Has Not Even Capitulated YetForget about the bottom, Bitcoin has not even capitulated yet. Damn, I just love people and markets! How everything falls into place on its own. It's magical, unreal even how people fall for the same things over and over again. When I started trading seven years back, I was like no way this going to happen for long. I said to myself, "people are going to learn from this mistake and they'll be prepared the next time" but no, every time I saw the herd making the same mistakes over and over again. I guess markets never run out of suckers. Still, I find this so difficult to believe. Like how can this happen over and over again. Anyway, I digress. People are talking about Bitcoin having bottomed at $3,300 when it has not even capitulated yet. You know what's perfect? I kept thinking where's the maximum pain scenario. A few weeks passed by and here we have it now. The whales pumped the price straight through $5,800-$6,000 without any hurdle. I'm not the only trader surprised by this. I know seasoned professional traders who did not see that coming. So, what did that do? It inflicted maximum pain on the bears. Imagine being short BTC right now, what would this parabolic move have done to you. It's brutal. Now let's talk about the bulls. A few long green bars and everybody is all excited again. In fact, so excited that the sentiment has not even been this positive since the last parabolic run of 2017-18. Even the NVT ratio has never been this high in Bitcoin's entire history! Let that sink in for a minute. At a time when all of these indicators are screaming, "Sell, sell, sell" people are unconcerned. Everyone and their cousin is talking about a move to $20,000 or a new ATH by the end of the year. Imagine the maximum pain scenario when these people load up here and then the price falls to $1,800 or $1,200 in the months ahead. Yeah, it's going to be devastating but that's what we need for the trend to reverse. I've been saying this for a while now and those who have been around during 2014-15 can relate. It doesn't feel like this when the price bottoms. It feels like the end of Bitcoin. You are going to see more of "Bitcoin is dead", "the bubble popped" and the "ponzi collapsed". Be on your toes, fellow trader.
BNC:BLXShort
by Jefe
125
A look at the weekly log chart; Props to Steve Courtney.Steve Courtney noticed an excellent fractal between 2014-15s bear market and our current one on the log chart. As you can see indicated by the yellow circles...we have just recently broken above this descending blue resistance trendline and if you look at the fractal from 2014-15 you can see that back then we broke above it right around the same exact time we are breaking above it in this bear market...we also found resistance at the 50 weekly ma and were rejected back down to that blue line where it ultimately held support and bounced the price action back up again finally getting it above the weekly 50ma and then commencing an amazing bull market. I've been saying to watch the 50 weekly to see if we can close a candle above it and it would be a very important moving average to watch for a few weeks now and it now looks much like 2014 we will be closing well below it. if so anticipate price action will do what it did in 2014 which is dip all the way back to the weekly 200ma support line and likely find support on the descending blue trendline where it should bounce, form a higher low on the daily chart and then finally break above the weekly 50ma and flip it to support sparking our next bull run. So we may very well dip as low as 3.6k on this next correction and it is very wise to pay attention to the weekly 200ma and the descending blue trendline for support. Exciting times as it appears the bull market is very near...I also anticipate we may temporarily go into a death cross fake out to shake some weak hands before the full true golden cross can shine. If you like this chart search for Steve Courtney at Crypto Crew University and give him a follow...many of his calls have been spot on most of the bear market. /
BNC:BLX
by DrDovetail
1
Bitcoin Monthly: Challenges EMA10 Without... ?It's been a while since we looked at Bitcoin (BLX) on the monthly time frame, here we have some type of action never seen before for Bitcoin. Starting August 2018, Bitcoin went negative for six (6) months straight, turning green only on February 2019. March 2019 lead to Bitcoin breaking above EMA50 on the monthly time frame and is now trading shy above EMA10. Bitcoin hasn't been above EMA10 on the monthly since Apr-Jul 2018. This is the first time in almost a year that Bitcoin is trading above this moving average, will it remain above it or go below? The monthly chart looks pretty basic, it looks like a change of trend is starting to take place... A close above EMA10 with good volume can indicate that Bitcoin can continue growing more, but if instead if falls and closes below EMA10, a full retrace can start that can last several months. Let's take a look at the indicators now: MACD The MACD histogram shows that the bottom is in, while the MACD line and signal are pointing to a long consolidation period before additional growth. RSI The RSI is now back on the bullish side after hitting an all-time low. There is plenty of room for a retrace and sideways action before massive growth. Overall the view is good but there is one huge warning which negates the EMA10 challenge... There is no volume. You would expect significant volume when challenging this type of resistance yet there isn't much. This goes in favor of a correction after one last potential jump/mini-jump. This update goes in combination with the following analysis shared earlier today: Bitcoin Still Trading Above EMA300, What Happens Next? and... Bitcoin Weekly Remains Bullish while above EMA50 Feel free to hit like now... If you want to. Thanks a lot for the support. This is Alan Masters. Namaste.
BNC:BLX
by AlanSantana
3
The BTC Gun Has Been Cocked And Is Ready To FireBTC has been coiling up over the last couple of weeks and is due for a major move. This next move will potentially signal the sound of next bull run or bring BTC back to the crypto abyss. Looking at the chart, we can clearly see 3 major chart patterns. The first is the ascending triangle, in traditional markets this chart pattern is considered a continuation pattern; in this case very bearish. If the ascending triangle follows through then we can see BTC testing its "bottom" around $3300 and potentially go lower. The second pattern that has formed is a rising wedge. In traditional markets this is considered to be a bearish pattern. If this is the case; we can potentially have a bearish breakout and follow through to retest our "bottom". The last and arguably most important pattern that needs to be looked at is volume. Volume has been decreasing and is at similar levels that were seen before the drop down from $6000. Low volume tends to cause big moves. More concerning there is new data suggesting that unregulated exchanges are wash trading and faking their volume. If this is the case then it can be safe to say that the recent bullish momentum we have gotten is inorganic. Considering all this overwhelming bearish data, It would not be a a surprise to see BTC retest its current "bottom" and crawl back to the crypto abyss. However, If BTC has any true bullish momentum then we need to see it make a clear breakout out of the base of the ascending triangle and make it's first higher high. Thanks for reading! If You like this TA please hit the LIKE button! Also, leave a comment with Your thoughts and feedback! *This information is not trading advice and is to be used for educational purposes only!
BNC:BLXShort
by kryptokens