BTCUSD: The bottom is in! 🚀The Indicator Pi Cycle was been very accurate in the past. It has been quite effective in determining tops and bottoms. About Pi Cycle Indikator TOP: It uses the cross of 111 day SMA and 350x2 day SMA. About Pi Cycle Indikator BOTTOM: It uses the cross of 150 day SMA and 471x0.745 day EMA. And the RSI is below 50, which is also a clear bottom signal imo.
My recommendation as always: Buy the dips and hodl. 😀
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Let's see what happens.
Happy trading.
BTCINVESTING
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My Post Apr 17, 2021 "BTCUSD: Whats about PiCycle? A bearish signal?"
My Post Dec 15, 2021 "BTCUSD: Difference - Bearish Downtrend | Bullish Accumulation"
My Post Apr 15, 2019 (3 year ago!). I was one of the first btw. ;-)
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Btclong
#Bitcoin potential targets if uptrend holdsSo far #Bitcoin has failed to hold its bearish breakout underneath TR3 (Trading Range 3) - once price re-entered the trading range it quickly moved to the other side performing a breakout, a sign sellers are trapped.
If the price continues to hold above the TR3 breakout successfully then it has a likelihood of visiting the previous breakdown area at TR2 (Trading Range 2) marked by red. Potentially even further depending on market conditions.
I am bullish on #BTC while price stays above the $21000 area, if price closes underneath there on the weekly or daily timeframe I will consider myself incorrect, meanwhile if it holds above then I will be targeting 26500-32000 as a take profit area (the previous "Bearish Breakdown" areas.
How Bitcoin can get to 10 Million Per Coin (Simplified) FidelityThis extremely simple here is a diagram and walk through of the world's worth as of 2020.
For this experiment lets say the year is 2034
We start with 21,000,000 coins are now circulating
Estimated 35% of the supply is lost over time that can never be recovered
13,650,000 of the supply remain
60% of that circulating supply has been bought my sovereign states and retirements and treated like 30-year Treasury bond. 8,190,000 coins now sit and do not move unless country funding is needed similar to the FED holding Gold.
5,460,000 of the supply remains liquid and publicly traded
how do we get Bitcoin to $10,000,000 from a small 21k price?
$54,600,000,000,000 Yes 54 Trillion in Marketcap impossible!
Take just 5.3% from the Stock markets to the Global Wealth that's all you need.
(This is not even including derivatives that can use country backing to leverage to prop up debt purchased, If you include derivatives in the future with unlimited QE you can start pricing Bitcoins in Billions)
Summary don't be stupid, don't be dumb, don't listen to anyone even me, do the math open a report of the worlds wealth and ask yourself why Fidelity gave Bitcoin a 100M - 1 Billion projection before 2050.
What you saw in the last years was I have to say to clueless people with stimulus checks, nerds with tech money pushing the price up, and fraudulent leverage exchanges running 100x purchasing power.
What do you you think if the world moves to a BTC supportive state with sovereign wealth? Institutional funds? Reserve banks?
Bitcoin will not replace Gold it will not replace central banks, Bitcoin is a new global decentralized
Planet Bond - Not a Government Bond, Not a cooperate Bond, this is a new form of something away from companies, away from governments, accessible anywhere. more secure than anything.
A Planet Bond.
And yes if this ends up playing out El Salvador will make (UAE) Dubai look like a 2nd world country.
Category Value ($ Billions, USD) Source
Silver $44 World Silver Survey 2019
Cryptocurrencies $244 CoinMarketCap
Global Military Spending $1,782 World Bank
U.S. Federal Deficit (FY 2020) $3,800 U.S. CBO (Projected, as of April 2020)
Coins & Bank Notes $6,662 BIS
Fed's Balance Sheet $7,037 U.S. Federal Reserve
The World's Billionaires $8,000 Forbes
Gold $10,891 World Gold Council (2020)
The Fortune 500 $22,600 Fortune 500 (2019 list)
Stock Markets $89,475 WFE (April 2020)
Narrow Money Supply $35,183 CIA Factbook
Broad Money Supply $95,698 CIA Factbook
Global Debt $252,600 IIF Debt Monitor
Global Real Estate $280,600 Savills Global Research (2018 est.)
Global Wealth $360,603 Credit Suisse
Derivatives (Market Value) $11,600 BIS (Dec 2019)
Derivatives (Notional Value) $558,500 BIS (Dec 2019)
Derivatives (Notional Value - High end) $1,000,000 Various sources (Unofficial)
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) climbed higher on Friday, as the world’s largest cryptocurrency rebounded from Thursday’s losses.
The rally comes despite the news that crypto lender Genesis has filed for bankruptcy, following the likes of FTX.
BTC/USD rose to an intraday high of $21,175.24 earlier in today’s session, which comes from a low of $20,689.88 on Thursday.
Looking at the chart, today’s rebound in price came as the 14-day relative strength index (RSI) moved back above the 80.00 mark.
As of writing, the index is at the 80.40 level, with the next visible resistance level at the 88.00 zone.
Many expect that BTC could make another attempt to break out of a key resistance point at $21,400.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC/USDT 4HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-Bitcoin is again testing the resistance area. The bulls keep pushing the price. There is a small uptrend line that works as support. The overall market is looking good. Trade with stop loss.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you.
BTC/USDT 2DAY UPDATE BY CRYPTO SANDERS !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-BTC is attempting to break the key $21500 resistance. It is making it weaker with every attempt. It is now trading in a tight range between $20400 to $21400.
The MACD crossover is showing bullishness, and the Hash Ribbon has also given a buy signal after a long capitulation. MA is broken after 100 times. All these confluences are showing that the bulls are back.
We need to wait for a solid breakout of the long descending trend line to confirm the strong bullish trend in the market.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin (BTC) dropped below the $21,000 mark on Thursday, as crypto markets fell following slowing U.S. retail sales figures.
The decline saw BTC/USD hit an intraday low of $20,541.54 earlier in today’s session, fresh from a four-month high of $21,564.50.
Since the sell-off, BTC now seems to be in search of a support point, with the $20,500 mark a likely candidate.
Looking at the chart, a drop was somewhat expected with the 14-day relative strength index (RSI) tracking near a two-year high in recent days.
As of writing, the index is at the 78.40 level, which is marginally above a floor at the 77.00 mark.
Should a move below this point take place, it is likely that BTC bears could push prices toward the $20,000 zone.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
can bitcoin reach 400k?hello traders,
I haven't seen anyone talk about this subject technically, today I will reveal a maneuver that I have been observing in detail and encouraging me to publish.
* This is not a recommendation to buy or sell, but a vision that I have been observing since 2020.
I see the possibility of the market playing a C leg (of the abc pattern) inside wave 3, closing the target between 300k to 400k, but it is necessary that the top of the 30k confirm the support, say that ellon musk is looking to buy right? : D
NOTE: at the same time, I see the possibility of bitcoin going up to 1.8k in this case I do a complete analysis if you help me reach 500 subscribers on t3L3gram :)
I know the graph is polluted, but I put some images below for you to compare;)
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BTC Pullback Areas to Go LongHere are the Bitcoin Momentum Long Downside Entry Areas I'm watching.
On 05 JAN 2023 Bitcoin turned MOMENTUM Long. On 11 JAN 2023 the Day chart went from BIAS short to BIAS Long.
This area and slightly above on the 4D chart would be the swing trade profit areas and the highest probable areas for entering a FADE Short position.
The Entry Reaction Zones
Note: Given the range from this week's open you really don't want to see a week open test. If so it better reject quickly. Watching the 30m chart if this happens will be key.
Also, the RDA is between the fast and slow momentum indicators. That might just be the best entry if there is a pullback momentum check.
The Daily chart provides these levels:
Fast M Check - 18,630 area
RDA - 18,160 area
Slow M Check - 17,640 area
How I Trade This With My System (as seen on chart)
On top of those areas, I would define reaction areas based on levels using the RD Level Rules.
With the Daily reaction areas and levels defined, I then decide on my primary timeframe.
I like the 60m combined with looking at the 30m for structure. For instance, as I write this the 60m RDA is sitting right at 19K. The slow momentum is at 19,4.
More aggressive reaction areas to go long are at these areas I just mentioned.
In these areas, there will be a reaction; how big and if momentum and bias will remain long on the 60m chart is unknown. Looking at 5m and tick charts will reveal when and if price gets there.
Also, you don't want to see the 60m VC range that lasted 22h between 18,770 to 19,080 to be closed below more than 2-3 60m candles. For a continuation of momentum long if this area is tested you want to see that buyers are stepping up on the test.
Risk and Stop Losses
Pretty obvious here. The "protection" stop loss is 16,730, well below the weekly open. This allows for weekly open test overshoot a bit.
For a more managed stop loss placement, I'd use the 60m chart. I'd check in 2-3 times a day. When the momentum on the 60m chart shifts from momentum long to momentum short you now have your upside level. From there, it's really looking at the volatility of those moves. Also, combining with the 30m chart will provide correlating zones.
The bottom line is if you are looking to go long on a pullback other than a quick downward move that you can watch on the 5m chart to find buy support, you're going to have to watch how the 60m momentum plays out. If, in the pullback, it hits upside reaction areas and holds SHORT momentum and bias then you don't argue with the chart.
Bitcoin to break higher?Bitcoin - 24h expiry - We look to Buy a break of 21651 (stop at 21097)
Trading volume is increasing.
A break of resistance at 21630 should lead to a more aggressive move higher towards 22000.
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 22877 and 23177
Resistance: 21630 / 22000 / 22500
Support: 21000 / 20600 / 20250
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Bitcoin BULL FLAGG & anomaly ?This is self explanatory, super simple R:R4 ratio setup. based on BULL FLAG chart pattern with Ascending correction.
This is not supported by the indicators as they are indicating exact opposite. But I think this might be anomaly for the Bitcoin market. If you would like to know more. See my next post.
The time is NOW
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BTC/USDT 1Hr LINE CHART UPDATE !!Hello and welcome to this BTC/USDT LINE chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-welcome to btc line chat looking at btc line chart it looks like btc is forming a flag pattern inside a parallel channel and the same pattern is forming in btc rsi btc is moving between two trend lines now hopefully BTC may bounce from here thanks to a break out above its own separate trade line or parallel channel
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
#BTC/USDT 2hour update !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-BTC breakout $21.5K resistance level but couldn't give a close above it. Now it is consolidating in a parallel channel followed by a bullish move.
Bulls are showing strength, and a solid breakout of the parallel channel would confirm the bullish continuation in the market.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
We’ve bottomedI copied the chart from the 2012 halving to the 2016 halving which is what you see above the current chart. I also copied the area between the 2016 halving and the 2020 halving which is what you see under the current chart. I then placed them exactly at the start of the 2020 halving and stretched them to the next approximate date of the next halving. Done.
Yes, it can be this simple. No fancy trend lines or over-analyzing the chart. As the old saying goes, “History doesn’t repeat, but it does rhyme.” I’m sure everyone is sick of hearing it, but it’s true. See you at the top.
BTC/USDT 4HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-Bitcoin got multiple rejections from the resistance level. Bulls are trying hard to find a crack in the resistance. The weekly resistance is also $21,500-$21,700 zone and this is the key level to flip. A weekly breakout will open gates for a $28,000 area. Keep tight stop loss in all open positions as a rejection from here will send the price back to the $19,500-$20,000 support area.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- Bitcoin (BTC) consolidated to start the week, as the price failed to break out of a key resistance level.
After hitting a high of $21,345.25 on Sunday, BTC/USD declined to a low of $20,681.98 earlier in today's session.
The decline comes as the world's largest cryptocurrency was unable to move above its long-term range of $21,400.
Looking at the charts, this was somewhat expected, as the 14-day Relative Strength Index (RSI) was hovering in overbought territory.
The price strength is currently tracking at 86.65 after failing to move north of the 90.00 mark.
It is likely that further downside could be on the cards this week, with the floor of $20,000 a potential target for sellers.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you