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Btcusdsignals

BITCOIN Critical test for this uptrend. CAUTION needed.Bitcoin (BTCUSD) was rejected on Monday on the 1D MA100 (green trend-line) with the selling accelerating today as the price broke below the 1D MA50 (blue trend-line) for the first time since July 27. This is a critical test for this uptrend as the very stable Channel Up that started after the June 18 Low, is approaching its Higher Lows (bottom) trend-line). ** An identical Channel Up ** The 1D RSI shows that we are testing the symmetrical Support Zone of another Channel Up, that of January 24 - May 04, similar in structure with the current one. As you see as long as that Support Zone held, the price was contained within the former Channel Up. In fact that Channel was also rejected at first on the 1D MA100 and fell below the 1D MA50 (twice also) but recovered and hit the 1D MA200 (orange trend-line) where the eventual rejection started to the June 18 Low. ** 1D MA200 or 1W MA300? ** As a result, the RSI shows the limits where trading inside the current Channel Up can be prolonged. A break above the Higher Highs (top) trend-line of the Channel could be enough to hit the 1D MA200 but a break below can be extremely alarming as not only the long-term Support of the 1W MA300 (red trend-line) may be tested but if failed, even a downside extension to the 1.5 Fibonacci extension level is possible, which is exactly the first level hit when the former Channel Up broke. What scenario do you think is more probable? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
2
BITCOIN This 3D RSI rejection is far from ideal. CAUTION needed!Bitcoin (BTCUSD) is trading today on the fourth straight red 1D candle and even though the pull-back is insignificant so far, there is a certain pattern on the 3D time-frame that is worrying. As you see, the 3D RSI hit last week the Lower Highs trend-line that started on January 07 2021 and defined this whole Bear Cycle. This week, we see that 3D RSI turning lower as the test turned out to be a rejection. This has also happened on March 26 2022 and November 06 2021, which marked the last two Highs of the market. Based also on the 3D MACD, which has been steadily rising since June 30, this pattern resembles the bottom sequence and subsequent first rise of the recovery phase during the previous Bear Cycle of 2019. As shown, the 3D RSI had a rejection exactly on the same level as today's one, while the 3D MACD was rising. As with today, the rejection came before hitting the 3D MA50 (blue trend-line) and took place on the 0.382 Fibonacci retracement level (counting from the top of the last collapse, essentially the 3D Death Cross). The resulting pull-back found Support on the Higher Lows trend-line and the 0.236 Fibonacci level and after some more consolidation both the RSI Lower Highs and the 3D MA50 broke and a very strong rally took place. Now, the fundamentals behind that rally were different and a 3D MA50 break-out doesn't have to necessarily follow 2019 into such a strong rally. But still it will be evidence of the new Bull Cycle. If you are a short-term trader though, that 3D RSI rejection tells you to proceed to the next days with caution and look for that more confident lower buy. Do you agree? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
27
BITCOIN monthly is making a huge shift to the upsideThis is a simple Bitcoin (BTCUSD) analysis on the 1M (monthly) time-frame, using two powerful indicators that are often overlooked. Those are the Aroon Oscillator and the Vortex Indicator. The chart illustrated the Fibonacci MAs to give a sense of the long-term Support Zones, a level where we clearly are at now. As you see, every time the Aroon Osc turns sideways following a huge downfall, the Cycle bottoms. We are now sideways since June and that is typically the market accumulation phase. Once the Aroon shifts upwards even slightly, the first rally of the Bull Cycle will have already began. At the same time, the Vortex Indicator has already made its first Cross since April. Once the lines cross again, it will be an indication that the accumulation phase is over and the rally will begin, which is consistent with all prior Bear Cycle bottoms. That wraps it up on this short BTC update. Remember that sometimes, it is useful to keep a long-term perspective, especially in the crypto market. And that currently tells us that most likely we won't get a better opportunity to accumulate for the new Bull Cycle. Do you agree? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
7
BITCOIN hit its 1D MA100 for the firsts time since April!Bitcoin (BTCUSD) has been trading within a sustainable Channel Up every since the June 18 Low and today hit the 1D MA100 (green trend-line) for the first time since April 21 2022. The trend looks strong considering that the MACD on the 1W time-frame is on a Bullish Cross, however if you are a short/ medium-term trader you should be skeptical of these levels. The reason isn't just the fact that the 1D MA100 is a Resistance but as you see, the last 1W MACD Bullish Cross (March 30) was formed on a market top and failed to deliver a sustainable rise. As a result, we should be looking for a break above the November 10 2021 Lower Highs trend-line (started after the market's All Time High), which would be a bullish break-out signal towards the 1D MA200 (orange trend-line). On the long-term, only a break above the 1D MA200 can call for a long-term trend reversal to bullish, as the MA200 was the one that rejected BTC on the March 28 High. Also on the long-term, it would be useful to consider the importance of the 0.382 - 0.5 - 0.618 Fibonacci retracement levels, when the 1D MA200 breaks, as the highest volatility of this Bear Cycle has been seen within those levels. Feel free to share your work and comment below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
19
BITCOIN Radical Cycle Comparison gives the next Top around 140k!This is not the first time I use the fractals of the previous Cycles under a certain rules of parameters in order to make a projection. This is by far the best methodology to make long-term projections on Bitcoin (BTCUSD) as its cyclical behavior has been extremely consistent over the years. This time is no different and the dynamic under which I compare the Cycles is a Lower Highs zone. As you see if we start all Cycles from their market Bottom on the same straight (Support) line, they all make their Top on the same Lower Highs zone. As a result I've used all past Cycle models (July 2010 - October 2011 = Black, November 2011 - January 2015 = Blue, February 2015 - December 2018 = Green, January 2019 - June 2022 = Orange), and fit them under this Lower Highs zone to expand the model with an average projection. If we then take all those new projections and start them on the actual price action (time-frame on 1W) starting from the June 2022 Low, we can get a fair estimation. It is interesting to see that with the expection of the first (black) Cycle which was the most aggressive, the remaining three all give an estimated top within 115 - 140k! The first Cycle (black), being quicker, rising to the Lower Highs zone much higher, gives the next Top around 230k but it is unlikely to get that aggressive price action again. Again, those are just projections based on Bitcoin's 10+ year price action and a certain set of parameters. The future trend doesn't have to follow any of those but all of them bundled together do make a fair average projection indeed. So where do you personally have the next Cycle Top at? Do you think this model can offer a good projection? Feel free to share your work and let me know in the comments section below! P.S. Because the chart has these bar projections (different colors) plotted and not constant, it may appear distorted based on your screen's/ browser dimensions. The original looks like this below, so if yours doesn't, adjust the vertical/ horizontal axis in order to make it look like this and better understand what is illustrated: -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
9
👽 BTCUSD 👉 Time to make money 😁👽 BTCUSD 👉 Time to make money 😁 The lower border of the rising channel provides an opportunity to buy on the rebound ❤️ If you find this helpful and want more FREE predictions on TradingView . . . . . Please show your support . . . . . . . . Click the 👍 LIKE button . . . . . . . . . . . Leave your feedback below in the comments! ❤️ I use all my transactions in real trading in my account, my account has already reached Profitability: 1549.04%🙏!❤️ It's your turn! Be sure to leave a comment and let us know how you see this opportunity and prediction.
BITSTAMP:BTCUSDLong
by QuantumLabSignals
3
BITCOIN Failed to close 3rd green week but positive signs remainLast week, Bitcoin (BTCUSD) marginally failed to close its 3rd straight bullish 1W (weekly) candle, a feat that hasn't been achieved since the November 08 2021 weekly candle. This isn't ideal as BTC's last big rally (late July - late November 2021) started off with three straight (strong as well) green weeks. Despite this however, there is a growing number of positive indicators showing that this could be a sustainable accumulation period, preceding the start of a rally and the new Bull Cycle. ** The positives ** First and foremost, the price succeeded at closing above the 1W MA200 (orange trend-line) for the 2nd straight week. As you see on the chart below, this is essential during Cycle bottom formations and every time the price held above this level in past Cycles, it lead to a rally eventually: Secondly, the 1W MACD just formed a Bullish Cross, the first since late March 2022. Now of course that last pattern led to a new sell-off and Lower Low eventually but was much closer to both the 1D MA200 (yellow trend-line) and the 1W MA50 (blue trend-line), where the price got rejected. Now those levels are around 33223 and 40625 respectively, so there is much more room to grow before we can discuss about a rejection/ pull-back. Among all the above, we shouldn't forget to acknowledge the fact that Bitcoin has kept the 1W MA300 (red trend-line), which is the basic Support of the Cycle. As you see, on the snapshot above, that was the level that supported the market during the March 2020 COVID (black-swan) event. If it held that huge psychological test, there is on reason not to believe that it won't hold this time as well. ** Some hurdles ** We see the biggest Resistance levels, on the short-term at least, on the Fibonacci patterns drawn. The Fib Channel that is illustrated has kept the price closing below its 0.5 Fibonacci retracement level on 3 straight weekly candles. Similarly, on the horizontal axis, the price has failed to close (broke it on the July 25 candle but failed to close above it) above the 0.236 Fib retracement level (orange) also for 3 straight weeks. It is apparent that this Fib cluster forms a strong Resistance, at least on the short-term. Breaking above it, opens the way for the 0.382 Fib, potentially testing as well the 1D MA200. Rejection on the 0.236 Fib can result in short-term selling back to the June Support, on a similar Double Bottom scenario as in July 2021 and February 2022. Do you think this would still be enough to support the market and start the new rally in September/ October? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
7
BITCOIN formed a MACD Bearish Cross. Time to prove Bear is over?Bitcoin (BTCUSD) has made a confirmed Bearish Cross on MACD on the 1D time-frame. Every such formation within 2022 has so far been extremely bearish, marking a top to a subsequent aggressive price fall. It may be above the 1D MA50 (blue trend-line) and still within a Channel Up but we've seen similar patterns leading to MACD Bearish Crosses, followed by price falls. Currently BTC has failed to break even the 0.236 Fibonacci retracement level where it was rejected exactly on July 30 and the 1D MA200 (orange trend-line), which is intact since December 31 2021, is on the 0.5 Fib level, a strong Resistance. Do you think it is time for Bitcoin to finally invalidate a MACD Bearish Cross and prove that the Bear Cycle is indeed over? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSD
by TradingShot
71
BITCOIN following Apple's 2008/09 Bear Fractal. Bottom is in!This is Bitcoin (BTCUSD) on the right along with Apple (AAPL) on the left chart on a very interesting comparison on the 1W time-frame. I will keep it short as the picture is quite self-explanatory. As you see, Bitcoin's 2021/22 Bear Cycle has been very similar so far to Apple's 2008/09 Bear Cycle during the Housing Crisis. Following a rough Double Top (1 & 3) they both dropped below the 1W MA50 (blue trend-line) and started slowing down only after breaking the 1W MA200 (orange trend-line) but at the same time keeping the 1W MA300 (red trend-line) intact. Both turned their 1W RSI into oversold territory exactly when they broke below the 1W MA200 and recovered above their MA (yellow trend-line). That is where BTC is at currently. For Apple that RSI MA break was the start of a three month consolidation before the parabolic rally that took the stock into the new age of growth of the past 13 years. For comparison purposes I've plotted that same Apple recovery pattern on Bitcoin to give us a rough idea of an estimate. It doesn't have to follow that sequence of course but it makes an interesting projection. Perhaps the most useful conclusion we can draw from the whole comparison is that, assuming investor psychology doesn't differ among different asset classes, with history showing that psychological models in extreme market conditions tend to stay the same, Bitcoin has strong probabilities of already having priced its bottom. What is your opinion on this comparison? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
29
BITCOIN starting a recovery similar to post COVID.Bitcoin (BTCUSD) has been trading within a very structured Channel Up following the June 19 Low. Both charts are on the 12H time-frame, which illustrates remarkable similarities between the current pattern of 2022 and that of late 2019/ early 2020 following the COVID bottom. As you see at the moment, the price has turned the 12H MA50 (blue trend-line) into a Support, with the 12H MA200 right above, posing as the Resistance. The 1W RSI has just crossed above its MA (yellow trend-line) putting us potentially in the exact same position as late April 2020. As you see, BTC was also within a Channel Up at the time that eventually broke above the 12H MA200. However due to the instant recovery on the March 13 2020 bottom and the price jump attributed to the expectation that the trillions of USD printed will keep the economy moving from the lockdowns, that Channel Up was formed much higher than the current one, which is technically a Bear Cycle bottom. Typically their transition is slower. I have plotted the 2020 recovery sequence on today's price action in order to make one possible projection. As you see, many aspects on the two patterns are similar: both had their MA50 and MA200 cross three times before the bottom, both got rejected on the 0.786 Fibonacci, their Lower Lows were roughly on a -35° angle and both rebounded on the 1W MA300 (red trend-line). Do you think we will have a similar recovery to that of post COVID? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSDLong
by TradingShot
17
BITCOIN correlation with Nasdaq on market bottoms.Rally imminentThis is a simple long-term analysis on the 1M (monthly) time-frame, comparing Bitcoin (BTCUSD) to Nasdaq (NDX), with a focus on their market bottoms. On the left chart I have Bitcoin's price action with Nasdaq on top of it (green candles) and on the right, Nasdaq alone. Both have their respective RSI sequences below them. As you see, BTC has been (naturally) following closely the tech index over its years, being a technological breakthrough itself. What's even more interesting, is that during every BTC Bear Cycle, Nasdaq only pulled back later (and some times much later) into the Cycle. This somewhat validates our belief that the true top during BTC's current Cycle has been in April 2021 and not November 2021, which coincidentally was when the Nasdaq topped and started correcting. On July's monthly candle, we saw a strong reaction on both assets. Note that this is the first 1M green candle after three straight monthly losses. Nasdaq in particular hadn't seen this since December 2018. So right now the two seem to be in sync and the positive news for Bitcoin come from the NDX's long-term behavior. As you see on the right chart, July's rebound came after June made a (near) bottom on the 1M MA50 (blue trend-line). Such rebounds following near hits on the 1M MA50 have been the ultimate buy entries on Nasdaq since the recovery started after the 2008/09 Housing Crisis (more specifically since July 2010). As a result it is much more likely that this is the start of a new long-term rally on the tech index. With its correlation with Bitcoin being so tight at the moment, this is more likely to be the start of the new Bull Cycle as well. Last but not least, notice that both on BTC's and NDX's 1M RSI sequences, the price is currently retesting the prior Support as a Resistance. A break above it is technically a very bullish sign. So do you think that the Nasdaq can now drag Bitcoin to a new powerful rally? Feel free to share your work and let me know in the comments section below! P.S. Because the chart on the left has two assets together, it may appear distorted based on your screen's/ browser dimensions. The original looks like this below, so if yours doesn't, adjust the vertical axis in order to make it look like this and better understand what is illustrated: -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSDLong
by TradingShot
6
👉 BTCUSD Emergence of new volumes on the market👉 BTCUSD Emergence of new volumes on the market The previous forecast has fulfilled 100% the continuation of the emergence of an ascending channel ❤️ If you find this helpful and want more FREE predictions on TradingView . . . . . Please show your support . . . . . . . . Click the 👍 LIKE button . . . . . . . . . . . Leave your feedback below in the comments! ❤️ I use all my transactions in real trading in my account, my account has already reached Profitability: 1549.04%🙏!❤️ It's your turn! Be sure to leave a comment and let us know how you see this opportunity and prediction.
BITSTAMP:BTCUSDLong
by QuantumLabSignals
BTCUSD (HIGH PROBABILITY SELL SETUP SOON)Hello traders, hope you all are having a good weekend, Here's a quick brief news update regarding Bitcoin, cryptocurrencies undisputed KING. Bitcoin tumbles to new 18-month low as crypto sell-off accelerates. The world's largest cryptocurrency fell as much as 7.8% to $20.289, its lowest since December 2020. It has lost around 28% since Friday & more than half of its value this year. Since its record high of $69,000 in November, it has slumped about 70%. Here we can see the clear Divergence on the RSI Indicator from the actual price action on the chart, baring in mind we're using H1 time frame for a clearer view of our analysis, hence we can't predict the duration of the market moves, Keep a close eye on BITCOIN world's no1 cryptocurrency, Happy PIP hunting traders.
COINBASE:BTCUSDShort
by FX-PIPHUNTER
6
BITCOIN bottomed and prepares the post summer rallyAn increasing number of long-term indicators have been showing lately that Bitcoin (BTCUSD) is past its bottom for this Bear Cycle. On this analysis I am shifting to an even longer-term time-frame, the 4W, using an overlooked but often very powerful indicator: the Williams Alligator. During the past two Cycles, the bottom was formed when the green trend-line (lips) crossed below the red trend-line (teeth). On both of then that took 15 bars from the Top of the previous Bull Cycle. Then the green trend-line Bearish Cross below the blue trend-line (jaws) ushered the Accumulation Phase and it wasn't until the red trend-line crossing below the blue that we had the final signal of the first strong rally of the new Bull Cycle. This time the Green/ Red Bearish Cross took place on the current candle, 17 bars this time from the top. The Green/ Blue Bearish Cross has been formed on the September 12 candle, while the Red/ Blue on November 07 2022. As result this prints a quite reliable roadmap on how BTC's price action might trade in the coming months. It basically suggests that by late October, Bitcoin could be ready for a strong end-of-the-year rally. At the same time, we shouldn't ignore the, always reliable on long-term projections, RSI indicator. This shows that it hit the Support, which has formed the bottoms of 2014 and 2018, two candle's ago and is now rebounding. Additional strong information is that when the RSI broke above its MA (yellow trend-line), the rally started. Do you agree with the Williams Alligator that the bottom is behind us and we've entered the Accumulation Phase of the new Bull Cycle as BTC prepares for a Q4 rally? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
16