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Btcusdsignals

BITCOIN Can it ever reach the magic Fib 3.0 extension of 1m USD?Since its inception and after it started trading, Bitcoin (BTCUSD) has been making (much) higher tops on each of its market cycles. Everyone reading this knows that is growth rate is tremendous and has been supported by its Parabolic Growth Curve (the black trend-line on this chart) over the years. The last two Cycle Tops have come close (but didn't hit) to the Fibonacci 2.5 extension. The previous Highs made contact with the lower Fibs of 2.0 and 1.5. Naturally, the question that comes to mind is will it ever reach the next Fib extension in line, the 3.0, and if yes, when could that be? Well based on its historic pattern performance, it is a question of when and not if. The when is hard to answer, as Bitcoin may very well continue trading the next Cycles within the Fib 2.0 - 2.5 extensions, as it has been doing for more than a year (from Dec 2020 until now) and even fulfil the parameter of touching the Growth Curve at the bottom of the next Cycle, without breaking out of range. The longer it goes, the more the market will mature and as Bitcoin receives mass adoption, the extraordinary gains of the past will become less and less realistic. It can be argued even that if the Support Growth Curve dictates the lows, there should be a Resistance Growth Curve that sustains the Highs of the Cycles. That is the mathematical logic behind logarithms that Parabolas turn asymptotic and that suggests that at some point this Growth Channel (of Support and Resistance) may turn asymptotic and stabilize the prices, neutralizing the massive volatility of BTC as we've known so far, as massive adoption of the technology is achieved. Apart from this theory, and to answer the question of this idea, I believe that it certainly can reach the 3.0 Fibonacci extension level, and most likely when it does, it will reach the $1m mark, making Bitcoin a million dollar asset! Technically that is any time after October 2023. Perhaps that would be one of the next times that the 1W RSI hits its historic Resistance Zone (as this matches the hits or near hits of BTC on the Fib extensions). So what's your view on this? Can Bitcoin reach the 3.0 Fib extension and turn into a 1 million USD asset? 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
49
BITCOIN The Vortex Indicator shows the bottomThis is Bitcoin on the 1M (monthly) time-frame where the short/medium-term noise is filtered out and cyclical behavior can be better illustrated. A rather 'unappreciated' indicator is the VI (Vortex Indicator), which on this long-term chart, gives a clear signal on where the bottom might be in. As you see, every time the red line of the VI crosses above the blue line (Bearish Cross) on the 1M chart, then by the next 1M candle, the market bottom is priced in. Basically in a total of 4 occurrences since 2011, all bottoms have already be in by the time of the VI Cross, and only the January 2015 candle priced the bottom straight after the Cross. Right now, the VI is on course to form a new Bearish Cross, probably by April or May. If this sequence continues to play out, then by the May or June monthly candle, Bitcoin should price the bottom (if not already in). Note that on the August 2012 and September 2020 monthly candles, BTC was above the 1M MA20 (green trend-line), while on the January 2015 and December 2018, it was below. Do you think the price will break below the 1M MA20 by May/ June or the bottom is already in? 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
33
BITCOIN close to a LMACD Bullish Cross. What does the past show?The LMACD (MACD on the logarithmic scale), is a very useful indicator when trying to identify trend shifts, especially on the long-term time-frames. It is particulary fit to Bitcoin when analyzing its historic Cycles on the 1W chart. It appears that the LMACD is only 2-3 weeks away from forming a Bullish Cross (blue line crossing above the orange line) on the 1W time-frame. As the specification suggests, it is a bullish formation technically, and history certainly agrees with it as in a total of 16 LMACD Bullish Crosses only 2 failed to deliver a Higher High. In fact, both of those where the first Bullish Cross in the last two Bear Cycles (red Rectangles). Assuming that since April 2020, BTC is running on a new Bear Cycle (the smoothest as I've called it in past analyses), we see that it has already made one Bullish Cross that delivered a rally and not a new Low. If the upcoming Bullish Cross fails to post a new rally, it will historically be the first time to do so as a 2nd Bullish Cross within a Bear Cycle. It is obvious that odds are vastly against this scenario and most likely the next LMACD Bullish Cross on the 1W time-frame will deliver a rally that will leave behind the Cycle's market bottom. Would you agree or you think this time is different and the next Bullish Cross will deliver a new Low (likely the market bottom)? 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
12
BITCOIN $100k or $25k? Comparing today and 2015.Two fractals of now (2021/22) and then (2015/16), two different time-frames (3D and 2D respectively). It is evident that price-wise the two sequences look the same. The MA50 (blue trend-line) is the Resistance, when it broke in 2015, the rally of the recovery started. A Higher Highs trend-line on both. However, the RSI in 2015 has been on Higher Highs too but currently, since 2021, it is on Lower Highs. Potentially that indicates a hidden Bearish Divergence. So far the MA200 (orange trend-line) is supporting but if we close below it, this RSI Bearish Divergence could develop into a price bearish trend. A break above the MA50 invalidates that and should be enough to kick-start the rally towards $100k. Which of the two will prevail? The RSI Bearish Divergence or the MA50 will break? 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
53
COUNTER-DOUBLE BOTTOM BTCUSDT As I said in my last signal BTC could reach 39K again., now what? you are good? calm down, I have some rebel counter for a double bottom strategy. for now, the price of BTC is dependent on the conflict between Russia and Ukraine. That's the condition I mentioned in the previous signal regarding the conditions that can make BTC prices go down. because the bear is still the king. Don't counter the sentiment of market transactions right now. Buy Setup (Leverage: x1-x3 -> 3% Margin) BUY: $38,910 - $36,612 - GOLDEN PRICE ( $34,469 - $32,835 ) SELL: $41800 - $42,300 - $43,600 - $44,700 - $46,000++ HELL CONDITION: IF BTCUSDT PRICE GO BELOW THE HELL GATE, BTC WILL DRAG YOU TO $20K-25K CONGRATS
Long
by nurmilham_
2
BITCOIN / NASDAQ ratio. Time to cut from tech & go heavy on BTC?I present to you a very interesting symbol combo, the Bitcoin/ Nasdaq ratio. In recent years one has outperformed the other and vice versa, which those interchanges being caused by the market fundamentals and macro-economics at the time such as Musk and China ban favoring Nasdaq over Bitcoin last year. In recent days however we see the current war climate in Ukraine favoring Bitcoin over the tech index. In fact, the ratio hit its 1W MA50 (blue trend-line) this week for the first time since late November 2021. Currently we are within a Triangle pattern. The last two times the ratio broke above the 1W MA50 after the Sine-wave bottom, a buy signal was triggered. In fact it was a massive one in both cases. Check also the RSI sequences, all three periods look very similar. Currently the RSI is testing its Lower Highs trend-line. A break, most likely tells us that the bottom is in. So will a break above the 1W MA50 mean we should cut from our Nasdaq portfolios and go heavier into Bitcoin? What do you think? 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
11
BITCOIN started a new Bull Cycle last time the Dollar did this.On this chart I've plotted Bitcoin against the U.S. Dollar Index (DXY) on the 1W time-frame. It is a simple comparison of time phases. As you see, the DXY (black line) has reached in recent weeks a symmetrical level which during 2019 it started forming a Channel Up. At the same time Bitcoin (orange line) made the bottom of its 2018 Bear Cycle and started the new Bull Cycle. Right now the pattern formed on Bitcoin is very similar to that of the December 2018 - January 2019 Bear Cycle bottom. I have made a case in previous publications that Bitcoin may be in a mini (I called it in fact the 'smoothest' ever) Bear Cycle since the April 2021 High. Now that seems to be very consistent with that fractal comparison on DXY. Do you think the symmetrical pattern that DXY is forming may be an indication that BTC has bottomed? 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
49
BTCUSD | Perspective for the new weekBTC suffered a plunge to a significant support level at around $34,000 area after news of Russia attacking Ukraine broke out. However, the appearance of a double bottom structure at a significant level of $34,000 incites potential recovery that is due for a relief rally as the Bulls take control with a target at $54,000 area in the meantime. Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom/Breakout) Observation: i. A visual representation of a trend after connecting a series of prices with a line drawn over pivots highs shows the prevailing direction and speed of price in the last 4 months. ii. On the 4-hour time frame, It is obvious that the overall momentum of price action has been bearish with the bearish trendline going as far as October 2021. iii. However, at beginning of this month, we witnessed a breakout of this trendline to signal that the bearish trend might be losing momentum thereby giving way for the bulls to thrive. iv. $34, 000 level seems to have held price "supported" in the last 34 days to signal a reversal set-up in the form of a Double bottom structure. v. The appearance of a Double Bottom within the identified Demand zone at $34,000 describes a possible change in trend and a momentum reversal from prior leading price action with confirmation at Breakout of Key level ($45,000) which is also the neckline of the pattern. vi. From my personal perspective, I will like to join the potential rally early so that I can have opportunities to stack my position if the price moves in the intended direction. vii. In this regard, I shall be looking to open a position at breakout/retest of $40,000 (identified on the chart with a purple barrier) and anticipate adding to my exiting position at breakout/retest of the neckline of structure at $45,000. CAUTION: Considering the overall bearish momentum, a breakdown of the demand zone at $34,000 shall render this narrative invalid as I will continue to hold a bullish bias above $40,000 ... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 12,000 pips. Risk/Reward : 1:10 Potential Duration: 7 to 20days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
COINBASE:BTCUSDLong
by darcsherry
BITCOIN Will 20k happen?A lot of talk has been happening lately, whether Bitcoin has found a bottom or if the June 2021 breaks will see even lower prices such as 20k. Well, we can never rule out anything in the investing world, everything is open as a possibility. Based on BTC's historic price action though, we can get a fair understanding of the probabilities involved. ** The Green Zone and the Black Swan that broke it ** As you see, this is BTC on the 1W time-frame from 2012 to 2022. Since mid January 2022, the price entered the long-term Buy Zone (green area) and immediately reacted with a rebound. However, due to the recent events in Ukraine, we've been seeing a pull-back, which is still a Higher Low though. Wars are considered a Black Swan event, similar to the COVID flash crash in March 2020. As shown on the chart, that event was enough to make the price break below its multi-year Buy Zone and only find Support one Fib extension lower (2.0 Fib). As a result we can assume that if the current conflict between Ukraine and Russia escalates more aggressively into a war involving more countries, it could turn into another Black Swan event. The probabilities for that though depend on each person's understanding of reality. ** Previous Peak never re-tested ** Realistically that event doesn't have the highest probability to happen. As a result, it is most likely that the current levels are the new bottom of the long-term price action. At the same time historically, Bitcoin has never hit the Peak of the previous Cycle. Anything can happen of course, but it is a fact that the $32.00 peak "never happened", the $1250 peak "never happened", so most likely we won't see BTC hitting the $20000 peak of the previous Cycle either. In fact, the 1W candle action since the November High, and in particular that since the mid January low, resembles the price action of every single Bear Cycle bottom: November 2018 - January 2019, July - October 2015 and January - May 2012 (Circle inside Blue Pattern). So what do you think? Will 20k happen for Bitcoin? 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
38
BITCOIN Inverse Head & Shoulders short-termI rarely publish a short-term analysis on Bitcoin but a very structured pattern is being formed on the 4H time-frame and thought it'd best to share it with you. As you see this is an Inverse Head & Shoulders (IH&S) pattern, which is a structure technically formed on market bottoms, with the trend changing from bearish to bullish. However there are several other dynamic parameters to consider: * The price got rejected yesterday on the 4H MA200 (orange trend-line) and today on the 4H MA50 (blue trend-line). This means we have a successive double MA rejection in a few hours. * Those rejections come straight after the formation of a 4H Death Cross, which is a technical bearish pattern. However such crosses haven't been that accurate lately as the 4H Golden Cross (the opposite of a Death Cross) on February 08, was formed on a short-term Top. We have to acknowledge however that this is the first 4H Death Cross since November 19 2021. * There are three Lower Highs trend-lines involved. The latter 2 have already been broken but Trend-line 1 remains (which happens to be perfectly aligned at the moment with the 4H MA100 (green trend-line)) and is the one that started after the February 15 High. * On the positive side though, the 4H RSI has been on a Higher Highs and Higher Lows Megaphone since for the past 5 days, indicating buying pressure. As you realize, even though the IH&S pattern and the RSI point towards a recovery, BTC has to get past and close above the 4H MA50 and MA200 first and then the final Lower Highs trend-line 1, which at the moment apply selling pressure. The technical target of the IH&S pattern typically is the 2.0 Fibonacci extension, which is currently at 44350. This aligns almost perfectly with the 44800 Resistance of the February 15 High. Which formation do you think will prevail? Let me know in the comments section below! -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSD
by TradingShot
24