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Bycusdt

Montly Bitcoin Monthly close colours since August 2011Please find the monthly chart i have been posting on Trading View and X ( not for much longer) and now on PRIMAL on NOSTRA,the new World. The Monthly Close Colours of Bitcoin since August 2011. These historical sequences can normally lead to an understanding of "Flow". However, I do feel things have changed a little, even though the ETF's are a small % of the total Bitcoin Market, there is influence. So, The hope was that this month would close GREEN as in the past, this has been a the case during a bull run, or lead up to it, after the previous months sequence of colours. This month will close RED it seems and There have been 3 occasions with a Green July followed by a Red August and 2 of them had a Red September following. All 3 occasions could be said to have been in a BEAR. HOWEVER, I have said before and I will say it again, PA seems to be following the 2013-> 2017 run and the 1st one of these 3 occasions was in August 2015, when the candle closed red after months of near static Range PA, as we have just had,..The following September was a small green candle but we then carried on to the 2017 ATH. ( August 2016 also closed RED with a Green September following.) Interesting days ahead as I also have a number of charts that point towards September being a positive month for Bitcoin. We will find out in the next few weeks if they are Valid or not.
BITSTAMP:BTCUSD
by Orriginal
Bitcoin matve recoverj g on PA but there maybe trouble aheadI thought I would Update the Fib Extensions to the Bitcoin Index MVRV Z score. Hate to admit, I had forgotten to look at these recently. And, Simply put, we Are approaching a line of Decision time. That red line below the 236, is a point, that once crossed, is not that easy to rise above again till after hitting the bottom. Vertical lines are ATH dates so, it is easy to see, MVRV has got no where near the usual ATH levels and so give hope for a further push higher, should we recover from dipping below the 236. But as many of you know, that 236 is a Line of tough battles...itis not easy to recover above We need to watch this very closely. I am optimistic for a bounce now but we need to pay attention to the bigger picture. Monthly MACD is turning over, yet to cross bearish but the weekly is recovering nicely.
CRYPTO:BTCUSD
by Orriginal
Back at the 100x longIt looks like btc is bouncing off key support at 56500-59500 usd. Key resistance is now at 72-74k. It has stayed in this trend from going in between these zones since late February (last 4 months). The RSI was also oversold at both 4H and daily. We are now looking for the MACD to flip bullish at higher timeframes 4H-1D (it is already bullish at 1H). When btc confirmed support (looking to at least get a bounce) and broke out of the downward sloping trend. I went in with a 100x long. The trade has been made risk free and I will move my stop loss into more profits (usually under the last bottom) as prices keep rising. Btc and the S&P500 index is also related and the S&P500 index is reversing and has some nasty gaps to fill. I predict that this index will get a correction of at least 7%. This is bullish for bitcoin! But let me tell more about the current trade. The worst possible scenario at the time of writing is that I get a 152% ROI and the best that can happen is that I make a 2000% ROI. This is a good position to be in if you ask me. I will make money regardless!
Long
by Madmantrades
2
Bitcoin PA (Linear) and the 50 EMA repeating patternOn the main image, As noted on the Day counts, See how the 50 EMA ( red) was under the PA at the ATH but dropped below arounf 270 days later. It then remained below PA for around 700 days from ATH and then, now it has broken above again, we are climbing. Now compare that to the 2013 / 2014 PA Same days counts and PA back above, it Rose steadily to a New ATH in 2017, 777 days later. If you Look at the image below, Not only is PA following the Fractal, but thsat 777 day count brings PA right up to the 4.236 Fib line around April 2025, which has confluence with many charts There re so many things going on with PA right now, that just copies the past, it is a little unnerving to be honest but at the same time, IT IS SUPERB These Cycles DO Exist, no matter what is said or done to try and stop them. However, it take three points of contact to make a trend line. Rgus us ibkt rgw 2nd time "Trend Motion" has happened...... It may not end up like this at all and so , please be cautious...However, It is uncanny..... Enjoy
INDEX:BTCUSD
by Orriginal
BTC/USDT: Neutral between 19400 and 24900 (Caution)--- Mid-term Analysis for the next coming 4 weeks to 3 months - Based on Daily Chart ------- BTC/USDT: Neutral between 19400 and 24900 (Caution) Context - The Global Crypto market leads by BTC and ETH reversed a new bullish trend this summer - however the market is now challenging the capacity to go higher, 24900 never been reintegrated - The global macro remains bearish (Crypto + Stocks market) leads by hawkish ton from central bank and a further inflation risk context - BTC could outperform ETH in order to let ETH be aligned in term of price with ETH Previous Analysis 09/09/2022 : Market configuration - Graphical Elements : Graphical Resistance = 24900 & 28800 Graphical Support = 19400 - Mathematical Indicators: EMA ( Exp Moving averages) are resistances at 24900 = Bearish RSI indicator (below) is below 5% with no divergence = Bearish - Elliot & Harmonic Wave (Fibonacci): A last drop to draw the wave 5 C (4) has been completed - however 24900 never been surpassed Fibonacci resistance of the wave (3) = 28800 Fibonacci support of the wave (2) is 19400 Fibonacci upside target = 32600 Fibonacci downside target = 16100 / 14600 / 12400 Conclusion Combining the fondamental situation (Global macro fighting against inflation with hawkish ton from FED) + Technical Elements , it now hard to find element to call for a further recovery, it is better to protect the gains from the summer and wait for clearer situation Neutral : We turn Neutral between 19400 and 24900, a break below 19400 would validate a further downside towards 16100 first max 14100 for the moment - Only a strong short-squeeze reintegrating 24900 would jeopardize the bear market.
by JeanJean1983
4