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BITCOIN The rally is about to startThis is a direct reference and extension of my "Rally kickstart test" analysis I've published two weeks ago: As you see, Bitcoin did indeed find Support and closed a 1W candle above the 1W MA50 (blue trend-line), which completed the first condition for the new parabolic rally to start. The second is of course the 1D MA50 (grey trend-line) which if broken, it confirms the start of the new rally. The reason is simple and it has to do with a comparison of the last consolidation phase of the previous Parabolic Rally in August - September 2020. This time I am illustrating the fractals a little bit differently than in my "Rally kickstart test" analysis, as this way the comparison becomes more evident. As you see it was on the October 05 2020 weekly (1W) candle, when the price broke and closed above the 1D MA50 that the Parabolic Rally started. Notice how even the 1W RSI sequences of the two fractals are virtually identical and hit the exact same pressure levels top and bottom. The RSI has now made a Higher High and is taking off. Will BTC follow? 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
102
SHIBUSDT Technical Analysis💎 SHIBUSDT has broken above the descending channel and has been making HHS and HLs. After the breakout it has done the retest and had already a successful pullback. It has the potential to go higher. 💵 Invest Only 5% of your Portfolio 🎳 Entry now or from 0.00003826 - 0.00003412 ☕️ TP1 0.00004355 🍺 TP2 0.00005010 🍻 TP3 0.00005597 🍾 TP4 0.00006250 🍷 TP5 🍸 TP6 🍹 TP7 🎁 TP8 🚫 SL 0.00003344 - 0.00003075 Good Luck 🎲 Check the Links in Description and if you LIKE this analysis, please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
Long
by Fibonacci-Signals
1
ETHUSDT Technical Analysis💎 ETHUSDT on H2 has been moving in the ascending channel . After the rejection from the support zone it is expected that it continues to go to the next resistance. 💵 Invest Only 5% of your Portfolio 🎳 Entry now or from 4077.73 - 4016.62 ☕️ TP1 4137.59 🍺 TP2 4239.86 🍻 TP3 4352.11 🍾 TP4 4500.00 🍷 TP5 🍸 TP6 🍹 TP7 🎁 TP8 🚫 SL 4005.39 - 3945.53 Good Luck 🎲 Check the Links in Description and if you LIKE this analysis, please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
Long
by Fibonacci-Signals
6
ADAUSDT Technical Analysis💎 ADAUSDT on H4 after breaking above the major resistance and the descending triangle it has been making HHs and HLs . it is expected that after breaking above the resistance it continuers to go higher 💵 Invest Only 5% of your Portfolio 🎳 Entry now or from 1.483 - 1.383 ☕️ TP1 1.618 🍺 TP2 1.754 🍻 TP3 1.912 🍾 TP4 2.072 🍷 TP5 2.220 🍸 TP6 2.400 🍹 TP7 🎁 TP8 🚫 SL 1.372 - 1.280 Good Luck 🎲 Check the Links in Description and if you LIKE this analysis, please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
Long
by Fibonacci-Signals
4
FTTUSDT Technical Analysis💎 FTTUSDT has broken above the descending channel. It has also has been making HHS and HLs in the channel. After the pullback we can expect that the price goes higher. 💵 Invest Only 5% of your Portfolio 🎳 Entry now or from 43.27 - 40.84 ☕️ TP1 46.67 🍺 TP2 51.21 🍻 TP3 55.63 🍾 TP4 60.00 🍷 TP5 🍸 TP6 🍹 TP7 🎁 TP8 🚫 SL 40.49 - 38.99 Good Luck 🎲 Check the Links in Description and if you LIKE this analysis, please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
Long
by Fibonacci-Signals
3
BNBUSDT Technical Analysis💎 BNBUSDT has broken above the resistance. After the pullback and retest, we can expect that the price continues to make the second impulse move. At the entry level if you see a Bullish setup, you can go long 💵 Invest Only 5% of your Portfolio 🎳 Entry now or from 547.5 - 533.6 ☕️ TP1 572.1 🍺 TP2 598.5 🍻 TP3 624.6 🍾 TP4 650.0 🍷 TP5 🍸 TP6 🍹 TP7 🎁 TP8 🚫 SL 532.6 - 518.7 Good Luck 🎲 Check the Links in Description and if you LIKE this analysis, please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
Long
by Fibonacci-Signals
2
Merry Christmas BITCOIN! BTC-SANTA Is Coming With GIFTS!A Happy Christmas for you precious Cryptocurrency Community and for Bitcoin sincerely from my side. The time has come and Bitcoin is moving into a Merry Christmas, what a lucky coincidence that especially into this date Bitcoin is showing up with pivotal price actions and the main formation I discovered which means the BTC Santa has some gifts for us. In this current development, I detected the main formation structures to consider here as Bitcoin recently increased volatility above the 49.000 USD level this is a great structure where I detected the proper derivations off. From my side, definitely a Merry Christmas for all of you, may all fulfilling luck be on your side and when it comes to trading and Bitcoin we are looking at the dynamics now and in the prospected journeys ahead for us in the Elite VIP and in the coming opportunities for Bitcoin, therefore I explicate the fundamental structures and determinations to consider in BTCs Christmas. Formational Developments: Taking the objection into my chart now we can watch there that Bitcoin in this actual recent time increased with this great volatility move and printed a gracious volatility candle in the structure, this move has finally completed the whole descending triangle formation I mentioned in my analysis before, I will link it into this analysis to have a look on this dynamic as the analysis is still valid. Besides that now we can watch that Bitcoin managed to breakout above this paramount descending-trend-line marked in green and especially above this trendline breakout Bitcoin managed to increase the volatility dynamics. What we can watch here now is a double bottom formation forming with the first and second bottom bounced off the 45.850 USD support and with Bitcoin now penetrating the neckline at the 51.350 USD level marked in orange. Also, we can watch Bitcoin testing the 200-EMA in cyan matching with the neckline. Prospects For Bitcoin: Bitcoin in this current dynamic has a good ability to hold the established range and build up above the 100-EMA in red as it is shown in my chart. There is a high likelihood given that Bitcoin actually holds this level to finally form the breakout above the neckline which will complete the whole formation bullishly to the upside and Bitcoin will activate the further continuations and target zone as it is shown in my chart within the 58.820 USD level in black. Currently, Bitcoin already increases with volatility in the local range which means there is a good possibility given that this happens. In this manner, we will watch out how this whole formation potentially appropriately completes being prepared on the dynamics and for Bitcoin showing an astonishing Merry Christmas Party with price-action-gifts for all of us, therefore we can expect some interesting determinations moving forward with BTC at this great times to celebrate. In this manner, thank you for watching the Bitcoin Merry Christmas Analysis, a happy holiday for all of you, many luck for you and your families. It will be great when you support the idea and when we move on together for more market insights and together progress in the markets. "Every choice we make can be a celebration of the world we want." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
17
BITCOIN Pitchfork and Historic Fibs target + $300kThis is not the first time I use the Pitchfork tool on Bitcoin and certainly it won't be the last as despite not being a popular indicator among traders, it has proven to me how effective it can be, even on the long-term at projecting Bitcoin trends. Last time I published such an analysis was on May 21: See how accurately the price has been trading within the 0.236 levels with the median as the pivot ever since the May sell-off. ** Application of the Pitchfork ** On today's analysis, I am applying the Pitchfork even wider on the 1W time-frame. Starting from the November 2011 bottom and using the December 2013 as the High and the January 2015 as the Low, we see that BTC has been trading almost entirely within its levels, with just two break-outs in August 17 2015 and December 04 2017. That is why I've added the 1.5 (dotted black) line, which contained the price during those break-outs and the 2.0 (blue) line as future reference. ** The Buy Zones, the Channel Up and the 1W MA50 ** As the chart shows, the lower 1.0 - 0.5 lines provided in 2015 - 2016 the Buy Zone (exception being as mentioned the August 17 2015 candle) and during 2019 - 2020 that role was taken by the lower 0.5 - median lines (exception being the March 2020 COVID crash candle). This ascending pattern of the Buy Zones is attributed to the fact that since the December 2013 Cycle Top, Bitcoin has been trading within a Channel Up (blue pattern) and that's why the 1W MA50 (blue trend-line) has been moving the Buy Zone in each Cycle higher and higher. ** The +.382 Fib progression ** Those who follow me on TradingView and Reddit before, know that the 0.382 Fib progression is a concept I've introduced years ago. That includes that, starting from the June 06 2011 and the November 14 2011 1W candles as High and Bottom respectively, every BTCUSD Cycle Peak that followed was on a 0.382 progression: the December 2013 was just below the 2.382 Fibonacci extension while the December 2017 on the 3.382 Fibonacci extension. Naturally, if this pattern continues to replicate this progression, the next Cycle Top should be near the 4.382 Fib extension, which is around $375k. A level a little below that number, combined by the introduction of the Pitchfork and its 1.5 'extreme' level, would be around $300000. So it wouldn't surprise me to see that as a Cycle peak within 2022. What do you think about the above? Should we expect 300k based on this Pitchfork and Fibonacci combo? 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
AVAXUSDT Technical Analysis💎 AVAXUSDT has been making HHs and HLs in the ascending channel. After 2 rejections from the support line it can go t the upper band of the channel, 💵 Invest Only 5% of your Portfolio 🎳 Entry now or from 118.78- 112.03 ☕️ TP1 126.47 🍺 TP2 137.77 🍻 TP3 149.40 🍾 TP4 160.14 🍷 TP5 171.00 🍸 TP6 🍹 TP7 🎁 TP8 🚫 SL 111.40 - 107.00 Good Luck 🎲 Check the Links in Description and if you LIKE this analysis, please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
Long
by Fibonacci-Signals
BITCOIN is still far from a Cycle Peak according to the 2Y MA.A lot of talk is being made lately about whether Bitcoin has made its peak and is entering a new Bea Cycle or not. In a previous long-term article, I've introduced the concept of how BTC behaves when new ATH is made without previously hitting the former Cycle Peak. On today's publication I plot alongside those 'Triangles' idea the 2Y MA Multiplier indicator in order to more efficiently illustrate why having a Cycle Peak already is not likely. As you see on the chart, the time-frame is the 1W (weekly) but the MA periods shown vary. Starting with the bold, the green line represents the 2Y MA while the red one displays the 2Y MA Multiplier X5. The orange line is the MA200 on the 1D time-frame while the blue is the MA20 on the 1M time-frame. As you realize, the 1M MA20 follows the 2Y MA quite closely. Historically, every dip below the 2Y MA has been a buy opportunity and the good news is that this has risen significantly to the 28650 level currently. The 2Y MA50, which is the focal point of this analysis typically raises a flag of a Cycle Peak formation when it breaks. In February 2021, the price got rejected just below that level, which historically indicates that the current Cycle hasn't peaked yet. At the same time, the 1D MA200 and the 1M MA20 have started to converge. Every time that happened, BTCUSD started an aggressive rally shortly after. It is very probable that we are on the last consolidation phase (blue Triangle) before the last parabolic rally of the Cycle (which I've illustrated on numerous ideas before) that will eventually break above the 2Y MA x5 Multiplier and form the Cycle Peak. Do you agree with this? Are you waiting for the 2Y MA x5 before starting to call for a top and sell? 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:BTCUSDLong
by TradingShot
38
ADAUSDT Technical Analysis💎 ADAUSDT Has broken above the descending triangle and also has got rejected at very important support zone. After the pullback it can go higher,. We might see the pullback at the previous resistance. 💵 Invest Only 5% of your Portfolio 🎳 Entry/Pullback now or from 1.358- 1.279 ☕️ TP1 1.517 🍺 TP2 1.693 🍻 TP3 1.867 🍾 TP4 2.043 🍷 TP5 2.222 🍸 TP6 2.400 🍹 TP7 🎁 TP8 🚫 SL 1.271 - 1.155 Good Luck 🎲 Check the Links in Description and if you LIKE this analysis, please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
Long
by Fibonacci-Signals
6
BTC, Develops Third Historical Wave-Count-Expansion-Fractal!Bitcoin is in a crucial situation right now especially with the price-actions that established over the weeks which are highly determining. In fact, as I discovered Bitcoin is forming the same historical fractal that it already formed two times in Bitcoin history. We can watch Bitcoin on the weekly timeframe perspective now reaching out and testing the 50-MA in which it already bounced several times in the past and we can watch Bitcoin holding above the 45.000 USD support so far which is an important setting to consider, we should also not underestimate that a new wave of Bitcoin adoption and mainstream acceleration is moving on as Bitcoin ETFs (Exchange-Traded-Funds) getting approved, in this case now I detected the important levels and upcoming determinations to consider with Bitcoin on the weekly timescale. Bitcoins Historical Wave-Count-Expansion-Fractals: As when looking at my chart now we can watch there how Bitcoin already completed this major Wave-Count-Expansion-Fractal two times in history. This whole fractal can be divided into three stages, stage 1. actually building the wave-count-bottom which is marked in orange in my chart, this wave-count-bottom is characterized by the fact that Bitcoin bounced off the lower-boundary-trend-line marked in black and from there on marked the beginning of the wave-A of this massive wave-count. The second stage 2. is showing how Bitcoin forms the pre-setup-channel in which Bitcoin actually forms the major wave B and sets up to form a huge incoming volatility breakout. The third and last stage 3. is marking the final target-zone of the wave-count and ending of wave C to finalize the whole wave-count always in the 4.618 Fibonacci extension. Upcoming Dynamics And Determinations: Taking these factors into consideration now we can watch that Bitcoin is in the third historical fractal with stage 1 almost already fully completed and now with stage 2 we can watch there the pre-setup-channel develops marked in green, if Bitcoin now manages to hold the 50-MA and actually bounce above the 45.000 to 45.500 USD level this can be a great origin of the proper breakout above the upper boundary of the pre-setup-channel from where Bitcoin will enter the stage three and appoint the 4.618 Fibonacci extension as it was the case already in the fractals beforehand. If the Bitcoin and Cryptocurrency adoption moves on at this pace as it currently is, with inflows into the market increasing further this will also offer a green light from the fundamental perspective, it will be an interesting journey ahead. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The past, like the future, is indefinite and exists only as a spectrum of possibilities." Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
89
BTSUSDT Technical Analysis💎 BTSUSDT has been making HLs and LLs in the descending channel. After the last rejection we can expect that it continues to go to the upper band of the channel. 💵 Invest Only 5% of your Portfolio 🎳 Entry Now or at 0.03440 - 0.03181 ☕️ TP1 0.03690 🍺 TP2 0.04096 🍻 TP3 0.04550 🍾 TP4 0.05014 🍷 TP5 0.05478 🍸 TP6 0.06000 🍹 TP7 🎁 TP8 🚫 SL 0.03156 - 0.02950 Good Luck 🎲 Check the Links in Description and if you LIKE this analysis, please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
BLong
by Fibonacci-Signals
BITCOIN The 2020 COVID fractal says we've bottomedIt's been prove that more often than not, fractals on Bitcoin work and consist a great deal of the analyses I publish here for TradingView's audience. Past/ historic behavior is a great way at making future projections and within these lines, I've prepared today's analysis too, by comparing this year's sell-off due to Musk/ China's ban and subsequent recovery to the 2020 COVID sell-off (and subsequent recovery). I won't be getting into too much detail, but as you see by the markings and explanations I've plotted on the chart (1D time-frame), the two fractals are extremely similar: a) The basic structure consists of a Lower Highs (red arrows) and a Higher Lows (green arrows) trend-line, which provide initially Resistance and then Support levels respectively. b) When the MA50 (blue trend-line) crosses below the MA100 (green trend-line), BTC is around a Bottom. Similarly, when the MA50 crosses above the MA100, BTC is around a Top. The last MA50 crossing above the MA100 marked a rally (step 7) in mid October 2020. c) The RSI bottoming sequences are also identical, marking a bottom on the last Lower Low of the trend-line (second green arrows), which is basically where we're at right now. So based on this fractal do you expect BTCUSD to make a bottom soon and will the next 1D MA50 crossing above the 1D MA100 initiate a new parabolic rally? 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
34
BITCOIN getting ready for a MONTHLY PARABOLIC RALLY as in 2013!I've compared Bitcoin's current cycle to that of 2011 - 2013 more than a dozen times but it never fails to deliver. The May sharp correction gave more validity to such comparisons as that sell-off and subsequence accumulation phase drew many similarities to that of April - August 2013. Now, even though the current Cycle is longer as not only 2011 - 2013 was the first full BTC Cycle, but also the Lengthening Cycles Theory (LCT) suggests that each Cycle lasts longer with diminishing returns. This time I've added some more elements to the last time I compared the two: * First of all I've plotted all the basic Fibonacci retracement and extension levels, in order to identify key pressure points and similarities between the two cycles. As you see during the initial rise of the Bull Cycle, both took a first stop and rejection on the 0.786 Fib and the true 1st Phase of the Parabolic Rally started after the 0.618 Fib held. Then in the mid-phase, BTCUSD took a second stop and rejection around the 1.618 Fib and bottomed and recovered on the 1.236 Fib. We are currently around the 1.5 Fib (as displayed by the blue circle), which in September 2013 was where the price consolidated, held and started the 2nd (and final) Phase of the Parabolic Rally. The Cycle's top took place within the 2.382 and 2.236 Fibonacci extension levels. * Secondly, I've added the always useful Ichimoku Cloud. As seen, the first red area on both Cycles was when the first stop on the 0.786 Fib took place and the green that followed after the 0.618 (notable exception is the period of the COVID market melt-down which distorted the charts). The Ichimoku turned sideways around the 1.5 Fib, which is where we are at right now. * Last but not least, I've inserted the element of Top to Bottom on an Angle with a trend-line (dotted line on the chart) that starts from the Bottom of the Bear Cycle and ends at the Top of the Bull Cycle. In 2011 - 2013 that line was on roughly on a 60° angle and touched exactly (excluding the big wick on that April 08 2013 1W candle) the 1.618 Fib top of the final accumulation phase. If we do the same projection on the current (2018 - 2022) Cycle, then remarkably the very same 60° angle trend-line also makes direct contact with the 1.618 Fib and lands on the 2.382 Top at the start of April 2022. From all the above we can come to a conclusion that the Bull Run is very much alive and ongoing. The current spot we are in places us right before a strong (the 2nd) monthly Parabolic Rally which aims within the 2.236 (roughly $193k) and 2.382 (roughly $250k) Fibonacci levels. Now, as for the April 2022 projection, it is very hard to estimate the timing especially if the Lengthening Cycles Theory holds. But still, it is something we can keep in mind. So what's your take on today's analysis? Does this help at clearing things up and are you expecting a strong rally early in 2022 or history will be different 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:BTCUSDLong
by TradingShot
26
FTMUSDT Technical Analysis💎 FTMUSDT on H4 has broken above the descending triangle and the major resistance. After the Pullback and retest successfully It is expected that the price continues the bullish move to TP1 at 1.7069 🌐 Tradingview 💵 Invest Only 5% of your Portfolio 🎳 Entry/Pullback now or from 1.4881 - 1.2807 ☕️ TP1 1.7069 🍺 TP2 2.0280 🍻 TP3 2.3576 🍾 TP4 2.6872 🍷 TP5 3.0000 🍸 TP6 🍹 TP7 🎁 TP8 🚫 SL SL 1.2494 - 1.0704 Good Luck 🎲
Long
by Fibonacci-Signals
2
DOGEUSDT Technical Analysis💎 DOGEUSDT on H4 has broken above the symmetrical triangle and the major resistance. It has done the Pullback and retest successfully. It is expected that the price continues the bullish move to TP1 at 0.2016 🌐 Tradingview 💵 Invest Only 5% of your Portfolio 🎳 Entry/Pullback now or from 0.1816 - 0.1623 ☕️ TP1 0.2016 🍺 TP2 0.2271 🍻 TP3 0.2519 🍾 TP4 0.2748 🍷 TP5 0.3000 🍸 TP6 🍹 TP7 🎁 TP8 🚫 SL 0.1598 - 0.1394 Good Luck 🎲 Check the Links in Description and if you LIKE this analysis, please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
Long
by Fibonacci-Signals
6
BITCOIN This remarkable fractal symmetry indicates it's bottomedAfter my most recent BTC analysis compared fractals on the wide long-term 1W time-frame, since the price is currently consolidating on such a tight range, I decided it would be productive if I looked for fractal comparisons on the narrower short-term time-frames, on 4H in particular. The key observation made was between the current pattern of December and that of late September - early October. As you see it is interesting to say the least, that the structures of the two formations have been (so far) virtually identical. Both are major consolidation / accumulation phases (Rectangle pattern), starting with a Lower Highs trend-line (steps 1 & 2) above the 4H MA20 (red trend-line) and continuing with a rejection on that MA20 (step 3). So far this is were we are on the current December structure. On September 30, that was followed by the third break above the 4H MA20, which presented the 1st Bullish Signal, then moved to a break above the Lower Highs trend-line (step 4) and extended quickly to a break above the 4H MA100 (green trend-line) which gave the 2nd Bullish Signal and marked the start of the complete recovery for Bitcoin (step 5). The structure was then completed by a break into the Resistance Zone and a short consolidation towards the 4H MA20 that really boosted the October rally. How do you perceive this structure? If we are currently on step (3) we should be really looking for that third and final break above the 4H MA20 and the Lower Highs trend-line (step 4) that will basically confirm the recovery. See also how even the RSI structures are identical, with the RSI's consolidation basically starting on step (1). What is your opinion on that? Will this fractal be repeating in the exact same order? Have we bottomed in your opinion? 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
56
BITCOIN and the 'Rally kickstart Test'Many members of the community have asked me to look into greater detail at the popular analysis I made about 10 days ago that partially looked at Bitcoin's RSI pattern on the 1W time-frame in relation to the current market structure and that of mid 2020: Well, you were right in doing so as by expanding this pattern and elaborating more on the similarities of the two structures, I discovered that if we look into the RSI from a slightly different perspective and by disregarding the March 2020 crash due to the COVID irregularity, we can see that the prevailing pattern is a Triangle (green pattern) that after an initial "soft" break-out to the upside (blue Arc pattern), it pulled back to test the (former) top/ Lower Highs trend-line of the Triangle. After that held the test(August 2020), the massive parabolic rally of October 2020 - April 2021 started. I call that point the 'Rally kickstart Test'. The 1W RSI followed a similar structure during that time, holding and rebounding on its Pivot line (formerly a Resistance). On today's structure, we see that BTC currently had that 'Rally kickstart Test' candle two weeks ago. On top of holding the former top zone of the Triangle, it also closed above the 1D MA50 (blue trend-line). The RSI is currently on its Pivot and holding. If we have successive 1W candle closings above the Triangle's top, does it mean that we have a new parabolic rally in the making? What do you think? 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
69
Bitcoin RoadmapNow that Bitcoin has broken the 0.618Fib we can go over the second path evolving for Bitcoin , in my previous TA I went over the idea of a V shape recovery like Covid March 2020 or a much longer recovery coming down to 0.75 Fib , it now seems highly unlikely that we have a V shape recovery and the idea of lengthen cycle theory seems more likely. This analysis is invalidated as soon as bitcoin breaks and closes under the last blue line of support at 0.75 FIb. Market Bottom Using Fibonacci Resistance Fan and Gann Fan when could speculate a time frame and price for a market bottom. The timeframe would be July 1 to 21 at around 26000-28000 Dollars. The red dotted line within this time frame would be 0.5 Fib fan which has been a Fib that has had a lot of reaction points this bullrun. Momentum Shift Starting September 18 we will start to see a momentum shift to the upside if bitcoin has held the 0.75 fib. Vertical Fibonacci Resistance Fan (0.75) ends -September 18 (Blue dotted line ) Gann Fan 8/1 ends -October 11 (Pink dotted line ) Fibonacci Time Zone -October 6 (Red dotted line) Once we break the 8/1 Gann Fan ratio and the Vertical 0.75 Fib Fan we can then leave behind some major resistance. Cycle Peak Zone 1 Fibonacci Time Zone = 10th January 2022 Fibonacci level 0.5 Fibonacci log growth 150000 I go over in detail here Cycle Peak Zone 2 I have not looked into things much past January 2022 but I do get a lot of Fib Time Zones around that time so I thought I would add this potential lengthening cycle peak. Red Circles First red circle is a potential date when we would reach an all time high again or close to it at around 60000 Dollars. Second red circle is the Cycle top peak 1 at 150000 Dollars Third red circle Cycle Peak 2 at 170000 Dollars Below I will include a previous TA going over this long recovery process.
COINBASE:BTCUSDLong
by Sporia
31
BITCOIN is right on track for $200k mid 2022Long-term charts tell the truth. Especially on Bitcoin they tend to be particularly accurate. Its historic long-term patterns on the logarithmic scale have never been invalidated to this day and show that each cycle shares more characteristics than not with the previous ones. I don't need to re-post the countless log charts on its historic growth curve that accurately caught bottoms and tops. The big thing about those long-term charts is that they manage to keep investors and traders on track when the market appears to be losing direction. The latest good example is the recent -40% sell-off from the November All Time High. Today's analysis contains BTC's three Cycles. I won't be getting into much detail due to lack of time but as you see, this was most likely part of the "Last shake-out" phase that BTC historically makes before the final most aggressive rally of the Parabolic Bull Phase. As you see this typically takes place at the top of the Cycle (1.0 Fibonacci line). The final rally makes the Blow-off top just below the 1.5 Fibonacci extension (orange line) of the Channel and the 2.382 Fibonacci extension (blue line) on the horizontal. This repetitive pattern has never failed to deliver. Will it now? Time will tell. But if not, we can see BTCUSD near $200 - $250k by mid 2022. The key currently is for the price to keep closing above the 1W MA50 (bold blue trend-line). Do you think history will repeat itself again? 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:BTCUSDLong
by TradingShot
248