BITCOIN BTC Bottom ?I wonder if this could be the bottom for Bitcoin. November 2022. Then of course we see sideways action and a gradual uptrend over the next x months until we enter a full on bull market cycle. What are your thoughts?
Btcbottom
BTC bottom near?This SMA predicted the bottom in the last 2 bear cycles on the 4d. We'll see if this happens again. Currently bottom at $16.5k approx.
Pi Cycle BottomAnother data-point to look at. Pi-Cycle Bottom Indicator which relies on a specific set of custom moving averages, is nearing crossing which so far, has historically marked a bottom in the market.
**Update** $BTC #Bitcoin Inversion Curve ✅ (1W Chart)This is an update on a previous chart, showing the logarithmic regression of $BTC. So far, it seems to actually be holding up pretty strongly with a strong holding of support around $17.5K as expected, were this theory to play out correctly. For anyone who's unfamiliar with my theory, it's that the slow regression of $BTC returns will actually invert, creating a rare "s-curve" formation. Plotting the regression curve, using both the exact highs and the exact lows, you can see that the curves will meet sometime in 2026. This shows that one of those regression curves will need to be broken in order to continue price movement. IMO, there are 2 options here. Either $BTC truly is a bubble and crashes down to nothing (not my belief), or the upper regression curve is broken. In the case of the upper regression curve being broken, this would possibly invert the curve and ~13 years of price suppression will be lifted. This could lead to an insanely strong, fast rally, far above the $100K milestone/dream every investor has these days. To plot this inversion, I have used the exact lows following the 2017-2018 blow-off-top, as this is when the majority of mainstream adoption seems to have occurred. As of today this "inversion-curve" has supported a new low of $17,592.78. A close below $18,400 would possibly invalidate this curve, however. I personally believe the overall theory to be correct, however the exact "inversion-curve" that could be charted out may be subjective.
*This is based off of my interpretation of chart data. This is not financial advice.*
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.
Big BTC 85% Drop Incoming!!! My first tweet from Trading View calls the bottom basically at $10,555.5 :)
3D Death Cross Correlation. History Rhymes. $BTC #Bitcoin29-30 days post 3D death cross also marks the market bottom. Don't overthink it. Don't stress about "the macro".. we have data to go back on.. for now, until proven otherwise... history doesn't repeat but it often rhymes..
Are you still bearish anon? 50/100 Weekly SMA Tells A Story50/100 Weekly SMA Cross Incoming using my customized Moving Average Forecasting Indicator.
The bottom is in folks.
Don't let the bankers steal your coins :-)
This is one of many data-points. Check my other ideas for further confluence.
is it BTC Bottom Yet???It's not a rocket science, Bitcoin drops -85% every bear market followed by huge bullrun.
So we should expect 82% - 85% drop from last ATH and based on our previous analysis bitcoin must retest 10k-12k .
High chances of bottom in Aug - Sept(the usual booth month) because of the MTGOX repayment of 150k bitcoins which would cause massive selloff of BTC.
I hope this information finds you well and help you make right trading decision.
Is It BTC Bottom Yet?
It's not a rocket science, Bitcoin drops -85% every bear market followed by huge bullrun.
So we should expect 82% - 85% drop from last ATH and based on our previous analysis bitcoin must retest 10k-12k .
High chances of bottom in Aug - Sept(the usual booth month) because of the MTGOX repayment of 150k bitcoins which would cause massive selloff of BTC.
I hope this information finds you well and help you make right trading decision.
BTC BOTTOM BTC has been in a bear market for a while now, My personal opinion that is BTC did not reach its bottom yet at 17,800 areas. for now we may see the price squeeze for a bit then its going to retest 17,800 "break" it down. the bottom of BTC is going to be around the red area between 13,800-12,200. How ever with everything that happening around the world now we have to wait for the price action of that area to have a clear idea of where to enter the market. if you are in any open trades at the moment "I think you should use the last bottom at 18,600 as your stop-loss for any trade you entered". happy trading.
btc usdt diagonal line analysis showing 14-15k as a bottombtc usdt diagonal line analysis showing 14-15k as a bottom
13k Q4 2022; Sept 2024 160k. analysis since day 1 of BTCThis is a very detailed analysis by Dia, I won't post till Q4 2022.
- I see believe in 4 year cycles, average bull cycle is 800 days, and average bear market is 400 days, the other 200 I called ''neutral'' days where market switches between them.
- Macro economics are very bearish , including stocks, more downside is definitely expected to keep inflation under control, SP500 is big bull channel ready to break down
- TOTAL crypto cap is 914 b, next support is at 755 and 455 respectively, current crypto cap will not hold and 50% correction is definitely on the table (ascending wedge )
- The entire 30 to 60k symmetrical triangle structure has broken down, I notice every time a support line of previous bull run is broken, the last one will become support (the dotted lines). This is a very ugly break down and if people say bitcoin is DEAD and they show this chart, they can be right for the first time in history.
- the 30k and 60k triangle can be manipulated into a falling wedge , that coinicides with Q4 of every 4th year of bull run being the bottom and support line from previous bull run touching there exactly to the point
-looking at rsi we still actually just entered bear market territory (monthly stoch rsi under 10), bear market is around 40 to 50% finished. Still have a year or so to go roughly
CURRENT STRATEGY
DO NOT TRY TO TRADE IT (I shorted FLM and UNFI and lost 76% of my portfolio in 1 month)! Between now and end of 2022, DCA in coins, tokens that you believe in and look strong. THIS IS THE OPPORTUNITY OF YOUR LIFE!
BTC Bear Market DurationsThis shows the time frame of how long it took BTC to reach the bottom in both bear markets, right now BTC has reached the same amount of bars as the first bear market and at the same time it has reached the same orange line where both bear markets has reached the bottom.
BITCOIN is looking prepped and ready for a relief rally! Bitcoin is looking prepped and ready for a relief rally after the 0.75bps rate hike last week.
I expect a test of 200ema on the weekly, which coincides with 50ema (green) on the daily. This is where both sides of the market need the price to go in order to have a good idea of what to side to play next. Bears will be looking for rejections at these levels, and bulls will be looking for a continuation of the reversal upside.
All of the lines you can see are a mix of Fibonacci Speed Resistance fans, micro and macro trend.
Enjoy!
BTCUSD: Preparing Positional Long EntrySince our last post, the BTCUSD market went through a corrective phase that brought the price to the mid20k level, the lowest price since the onset of the price discovery phase when the prior ATH was left behind with a bang. It is an exceptionally well-behaved market despite the turmoil that many other DeFi projects incl. stable coins have been going through. It seems reasonable to be looking for opportunities to add to long exposure in this market as the risk/reward is becoming more attractive.
Key events/levels to look for clues:
25k bottom retest;
25k bottom retest +break = 7.5k extension lower;
17.5k - 22.5k as a major bottom.
INDEX:BTCUSD is at a very pivotal moment and opportunities always come with risk, do manage the risk accordingly.
Staying tuned for further tells.
Observation: BTC to the VWAP from previous bottom like last timeBitcoin returned to the previous cycle bottom anchored VWAP...
⚠️⚠️ ✔️ OR ❌️ ? Is it the bottom for #bitcoin? ⚠️⚠️Building on my previous $BTC logarithmic regression chart, there has now been an almost perfect bounce off of the yellow, dotted, inversion-curve line. This coincides with daily, weekly and monthly RSI's being at extremely oversold levels with the 4hr RSI moving down into oversold territory. Personally, all my limit orders were hit perfectly so it seems I may have at least bought "A" bottom here. This abrupt price drop also has now created a broadening edge pattern, which typically will break to the upside when formed at the bottom of a downtrend. All of these confluences may just spell the final bottom price for $BTC in the short term and validate my "inversion-curve" theory. Of course this can still be invalidated by a close below the inversion-curve line. If that occurs, I would still believe an inversion could be possible, but over a much longer time period. In that scenario, my target range for a price bottom would be between $10,770 & $12,694.
#btcinversion #btcbottom
*These are my personal opinions, based on chat data. This is not financial advice.*
⚠️⚠️ ✔️ OR ❌️ ? Is it the bottom for #bitcoin? ⚠️⚠️Building on my previous $BTC logarithmic regression chart, there has now been an almost perfect bounce off of the yellow, dotted, inversion-curve line. This coincides with daily, weekly and monthly RSI's being at extremely oversold levels with the 4hr RSI moving down into oversold territory. Personally, all my limit orders were hit perfectly so it seems I may have at least bought "A" bottom here. This abrupt price drop also has now created a broadening edge pattern, which typically will break to the upside when formed at the bottom of a downtrend. All of these confluences may just spell the final bottom price for $BTC in the short term and validate my "inversion-curve" theory. Of course this can still be invalidated by a close below the inversion-curve line. If that occurs, I would still believe an inversion could be possible, but over a much longer time period. In that scenario, my target range for a price bottom would be between $10,770 & $12,694.
#btcinversion #btcbottom
*These are my personal opinions, based on chat data. This is not financial advice.*
Bitcoin has bottomed based on my analysis but ....I'm watching a weekly timefarme.
Based on history data every time BTC bottoms at 1.68 Fib level and at the same time when weekly and monthly RSI hits historical low level at 26-28 and 42-44.
BTW my bottom signal based on other analysis flashed yesterday, so I think BTC has already bottomed but there is 30% probability that it can dump to 12-14K in coming days or weeks.
BITCOIN Even Stronger Level Below 20kHi Traders, Investors & Gamblers 😃
I hope everyone is doing great this wednesday morning!
A quick update after the expected loss of the previous support level for Bitcoin, once again I want to point out a very logical next support level and potential bottom scenario for Bitcoin .
The 200 week SMA the most logical target for Bitcoin on a weekly closing basis all along. I've been talking about it here on @TradingView since at least February.
Daily Chart:
Support & Resistance Levels
We have now reached a very strong support area for BTC coming from the range that Bitcoin has beentrading in in Winter 2020.
I will go through all the indicators that lead me to call these current lows for Bitcoin in the beginning of the year already.
Weekly Chart:
200 Week SMA & Falling Wedge:
As mentioned yesterday, THE bullish scenario! Wick below the support and finish the week above the wedge support and 200w SMA
2017 $20k ATH:
Right in the middle of major moving averages and Fibonacci levels we have the historic ATH from 2018.
Monthly Charts:
200 Week SMA, 50 Month SMA:
Pay attentio to the red circle, in the one instance where we touched the 200 week SMA but not the 50 month SMA we ended up falling short of a new ATH until we came back downand touched both moving averages.
Fibonacci Retracement:
The "Absolute Bottom" could lay around the.786 for BTC since we lost the .618 it would be logical to continue down to the next Fib. level and find a bounce there. As we know we have never closed a weekly candle below the 200week SMA and 50 Month SMA, but we have wicked way below on various ocasions with the last being in March 2020.
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
BITCOIN We Are Here & What Now!?Welcome Traders, Investors & Gamblers 😃
Daily Charts:
Support & Resistance Levels
On a quick glance at this chart we would think that there isn't too much support in the area that Bitcoin is currently hangingon to, but down below I will go through all the indicators that lead me to call these current lows for Bitcoin in the beginning of the year already.
Weekly Charts:
200 Week SMA & Falling Wedge:
As mentioned yesterday, THE bullish scenario! Wick below the support and finish the week above the wedge support to go back and test the resistance.
2017 $20k ATH:
Right in the middle of major moving averages and Fibonacci levels we have the historic ATH from 2018.
Monthly Charts:
200 Week SMA, 50 Month SMA:
Pay attentio to the red circle, in the one instance where we touched the 200 week SMA but not the 50 month SMA we ended up falling short of a new ATH until we came back downand touched both moving averages.
Fibonacci Retracement:
The "Absolute Bottom" could lay around the.786 for BTC since we lost the .618 it would be logical to continue down to the next Fib. level and find a bounce there. As we know we have never closed a weekly candle below the 200week SMA and 50 Month SMA, but we have wicked way below on various ocasions with the last being in March 2020.
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
