Btcusdlong
New Bullish Cycle BTCUSDIt appears from our algorithmic analysis that BTC/USD bearish cycle is nearing its end point and would stabilize at equilibrium around 18,100 mark whereby it is expected to take new Bullish Cycle and slowly recede to higher high we expect 26,000 mark to be achieved before the end of December.
#BTC #BITCOIN #ELLIOTTWAVE $BTC FUD. Potential Wave 3.I see Fear Uncertainty And Doubt being spread everywhere either by rate hikes or exchange manipulations and hacks!.. Just like I saw etf at 69k and hope for 100k..
I wasn't a permabull or permabear.. I just trade charts and I regret to this day why I didn't trust my work and... Anyways.. I choose to be rebellious this time.
That's why..
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
I don't trade news. I trust charts.. We have huge weekly divergence retest of weekly horizontal and trend support with low extremely low volume retest and have a potential diagonal as wave 1 of smaller count.. Whatever after that may be the correction and the sharp recent fall we saw today may be wave c which is steep indeed!
Thank you for time.
BTCUSDT goes up? 😊follow meWell, the videos are in Farsi, but I will explain in the comments.
Bitcoin two days ago, I said that it should be corrected and settle two areas. After doing this, the whales of the market made a good purchase. In this situation, I want to say when it will start an upward trend.
We have a meeting in America in the next two days. I can say from now on that the outcome of the American meeting will benefit the financial markets and the trends will be upward.
BTCUSD bottom may be in! Pi Cycle bottom !Every week chart presents a new data and there are more reasons to believe that we already saw a final capitulation.
1. By now, the support´s held and the double bottom is still valid (until it breaks).
2. As we can see in the chart, Pi Cycle bottom indicator suggests that the bottom is in.
3. Moreover, RSI hit its lows in June just before Pi Cycle bottom indicator signaled that the bottom is in and it was also the case in the 2018 when the price found its absolute bottom.
4. Bitcoin Rainbow Price Chart Indicator also shows that it´s a right time to buy now. www.lookintobitcoin.com
We expect the price to consolidate for a few more weeks. If double bottom holds, we may not see lower prices and the Parabola will start.
Sentiment on social media is still very bearish. Everyone expects lower prices. It would not be surprising if market does not give us a chance to buy cheaper and many people will be left behind waiting for lower prices.
Below 20k may be a good price for a long term investment. DCA below 20k !
BTCUSD - Risk Assessment (LOW!) An indicator showing the risk on BTC
Each period in blue down the bottom shows the low of each cycle
Interesting seeing the earlier peaks in red both topping out but the 2022 top is slightly below the top red, this may be an indicator that BTCUSD is becoming less volatile and a more stable asset
Regardless, price is currently within the blue zone, a good buy point
BTCUSD - Long Term Bottom Reversal I have drawn two green trend lines one encompassing the downtrend and one the uptrend that is still forming
A strong bottom formed along the solid white horizontal line allowing for this seamless reversal
This will lead to a consequent disbelief phase and a strong pump upwards out of this current bottom area
Have faith!
Posting relevant Analyses below
BTCUSDT/BTC The sleepiest currencyThe analysis we did for Bitcoin was done with several technical analysis methods. In my view, Bitcoin should have a style for the $20,300 area and after that we can start an upward trend, but the main upward trend will not start for now and our upward trend It will be in 2023, so please be careful in your trades and market whales can cast doubt on you.
BTCUSD long postion.. waitting for inbalance to down side or rejection,, i recomeded everyone to track everything you trade, not one asset, track what ever out there becuse we need to continues learrning, dont limited by your belief. your live your live so your heart is beeting , so try until you get there.. never give up.
Bitcoin monthly delta volume divergence is the largest everThe total volume for bitcoin this month on binance BTC/USDT is the largest on record.
If we look to cumulative delta volume, we can see the insanely large divergence going into the monthly close. This suggests buyers are stepping in and absorbing a lot of selling volume. Not only that, the CVD has pushed back up above the 20MA.
Times of divergence in CVD suggest a change in momentum. The higher the timeframe, the more significant. You can see a similar event on the COVID 1M candle in March '20 where the candle was bearish but delta volume showed buyers soaking up the sell volume.
This is an important time for bitcoin and crypto. Currency and bond markets in turmoil, major companies are facing slowing growth, employment etc and the macroeconomic outlook looks bleak.
If bitcoin is to show its value, its here, otherwise... run.
NB: There are inherent "issues" with CVD that one should understand when interpreting it. The official tradingview CVD indicator gives a great summary about this.