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Btcusdsignals

BITCOIN Consolidation above the Gaussian starts parabolic rally.Bitcoin (BTCUSD) is establishing a consolidating position above the Gaussian Channel on the 1W time-frame for the 4th straight week. On all of previous Cycles, such break and consolidation above the Gaussian was the start of a parabolic rally. As far as targets are concerned, on the first 2 Cycles, the rally reached at least the 3.0 Fibonacci extension level measuring from the previous Cycle High and the Gaussian break-out level. The last Cycle (no3) reached (and exceeded) the 2.0 Fibonacci extension. Taking this 2.0 Fib 'worst' case scenario, we should be expecting this new rally to reach at least the $160000 mark. Would you agree? Is your expected top higher or lower than 160k? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
2
Bitcoin approaches next resistance level as price drive upAs you may already know, Bitcoin has been on a steady upward trend in recent weeks, and it looks like the next major resistance is near the $27,500 level. This is a significant milestone for Bitcoin, and a close above this resistance might spark bullish moves in the near term. Furthermore, Bitcoin has already broken through the Fibonacci .23 level, which is a positive sign for investors. This means that the next major resistance at $27,500 is within reach, and it could be a great opportunity for you to add to your positions. I encourage you to take advantage of this opportunity and consider adding to your Bitcoin positions. With the market looking bullish and the next major resistance within reach, now is the time to act. Thank you for your time, and I wish you all the best in your Bitcoin investments.
BITSTAMP:BTCUSDLong
by bryandowningqln
BITCOIN Strong long-term buy signal by the BBWP!Bitcoin (BTCUSD) just flashed one of the rarest buy signals on the 1W time-frame. The Bollinger Band Width Percentile (BBWP) bottomed at 0%, giving a narrow width signal. Historically, when the price was above the 1W MA20 (red trend-line) during that signal (4 times/ green circle), it skyrocketed shortly after, while when it was below (1 time/ red circle) it dropped massively. At the moment the price is on the 1W MA20 and it will be interesting to see if BTC closes above or below it, as it can influence the trend of the coming weeks. What do you think, will it close above it and skyrocket or below and decline? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
40
BITCOIN The Megaphone bottoms lower, unless this breaks first.Bitcoin (BTCUSD) made a new Lower Low since the short-term Channel Down started on April 14 and is rebounding in the past five hours. The long-term pattern remains a Bullish Megaphone and this Channel Down is the corrective wave towards the Higher Lows trend-line. For as long as it holds, it is likely to see it bottom on the 1D MA200 (orange trend-line) just like it happened on the March 10 Higher Low. Be prepared though to buy earlier if the price closes a 1D candle above the 1D MA50 (blue trend-line), which hasn't happened since May 06 (exactly 1 month ago). In either case, our target is the next Resistance at 32400 (May 31 2022 High), which is where the 1W MA100 (red trend-line) is headed to, the last remaining MA Resistance. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
5
BITCOIN The importance of the monthly closing.Bitcoin (BTCUSD) posted last month the first 1M (monthly) red candle closing since December 2022. That was a strong four month bullish streak with the 1M MA50 (blue trend-line) supporting since March 2023. On today's analysis we put emphasis on the importance of the candle closings on the 1M time-frame. As you see, both May and April closed below the Resistance Zone (red) that was previously a Support in 2022 having closed all 1M candles up to April 2022 above it, despite some large wicks that broke much lower but where bought back aggressively in the end. That Support Zone is now the new Resistance Zone, in a similar way as the Resistance Zone of July - August 2022 (green) is now the new Support. Within July - August, the 1W MA50 (red trend-line) will most likely enter that Support Zone, in a similar way as the 1W MA100 (green trend-line), which is the long-term Resistance, is now trading within the Resistance Zone. All this while the 1M MACD is about to complete a Bullish Cross, the first since July 2020. As a result, we have a huge Neutral Zone ahead of us until the end of the year and will continue to hold as long as 1M candles close within it. A candle closing above the Resistance Zone, will be a bullish break-out signal towards the 45900 - 48500, which is the next Resistance Zone ahead and our long-term target. So what do you think? Do monthly candle closings have any significance in Bitcoin's trend? And if so, do you agree with the proposed outlook above? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
9
BITCOIN Close to its first 1W MA20/200 Bullish Cross in HISTORY!Bitcoin (BTCUSD) is very close to forming a Bullish Cross on the 1W time-frame between the 1W MA20 (red trend-line) and the 1W MA200 (orange trend-line). When completed it will be its first such pattern in its history and that is a major bullish signal on its own. In order to get a full grasp of this formation's magnitude, we compare it with the Nasdaq (NDX) on the 1W time-frame as well (chart on the right). As you see, Nasdaq has formed its 1W MA20/200 Bullish Cross 2 months already (March 06) and exactly on that formation it started a relentless rally, with both MA periods holding as Supports. The price is above the 0.618 Fibonacci retracement level and aiming at the Next Resistance (15300), which is almost on the 0.786 Fibonacci. BTC has been obviously lagging behind, not even having broken above the 0.5 Fibonacci but with its Next Resistance (48350) also being almost on the 0.786 Fibonacci level. This potentially indicates that Bitcoin has much more upside to it. So what do you think? Can BTC's first ever 1W MA20/200 Bullish Cross start a rally that will fill at least the 0.618 Fib gap in the same fashion as Nasdaq? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
10