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Cryptocurency

BITCOIN is massively undervalued and here is why.On this 1W time-frame analysis we make a case why Bitcoin (BTCUSD) is massively undervalued in relation to a technical factor as well as the effect that the U.S. 10 Year Government Bonds Yield (US10Y with the black trend-line) and the U.S. Dollar Index (DXY with the green trend-line) have. Bitcoin's rise this week may come as a surprise to most but it is no coincidence. The 1W RSI has been on Higher Lows since the mid-June 2022 Low, while BTC has been trading on Lower Lows. This is a technical Bullish Divergence and a lengthy one. The times the 1W RSI prints Higher Lows sequences that low, have always been Bear Cycle Bottoms. At the same time, we see the US10Y and the DXY (aggressively) decline simultaneously. The previous four times this happened were on a Bitcoin (aggressive) rally phase. The fact that we get those two occurrences taking place at the same time, simply shows the underlying strength on the market at a level that macro-economically is treated as a market Bottom. Possibly indicating that if it wasn't for last year's fundamental crashes of FTX and LUNA, the price potentially would have already been much higher, showing how deeply undervalued BTC is right now. Feel free to let me 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! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
3
Gala To Retest $0.02 Cents 4 Hourly Time FrameReally nice pump out of Gala on the 4 Hourly. Fully blown and overbought on all oscillators and we have formed a nice peak. Remember it's all about the peaks and the troughs. If you're shorting wait for those troughs to play out. This wave is starting to loose momentum on the 4 hourly. Looking for us to retest around 2 cents for support or come down at least 5% from these levels. I'm a long term bull on Gala and will be accumulating more below 2 cents. Short term bearish on the 4 hourly. Much peace, love, health, and wealth!
Short
by peacefuljustin
1
MARKETFollowing last week's analysis of 4 important indices in the markets, as we can see in the daily chart of these indices, in the last two days of the last week, gold, which had lost its support, is pulling back to it, but the American stock indices have their key daily supports with The members of the Federal Reserve paid attention to the contractionary talks, and most interestingly, Bitcoin did not have a strong seller, and apparently, risk aversion in crypto is less than that of reliable assets such as gold and stocks, which is probably the reason for the decentralized nature of this asset compared to others. . However, the reopening of the markets in this trading week is very vital and it should be seen that Bitcoin and consequently the crypto market can be supported against other assets or it will lose daily support following them and in order to confirm the weekly analysis. And monthly, which has not yet received a return signal, will continue to fall to the lower areas.
COINBASE:BTCUSD
by MrHunterTradeInsight
BTCUSDThe monthly Bitcoin candle will be closed for the next few hours, with this condition, its close will be under the key support of 19,890 and it is unlikely that it will be able to rise above 20,000 in the remaining hours, although it tried today and was unable to maintain the high price of the area. It was 20,000. Having said that, if we want to move according to the previous price and time cycles and consider the amount of movement of the last cycle as the first cycle, in the next two months we can expect the price to reach the area of 10,000 to 11,000.
COINBASE:BTCUSDShort
by MrHunterTradeInsight
ETHUSDTThe decrease in the length of the downward extensions and the increase in the slope of the upward corrections in the 4-hour time frame indicate the increase in the power of buyers. On the other hand, the distance of collisions with the downward trend line has decreased, which can increase the probability of its failure. The resistance of 1550 will be determined until the closing of this candle. In this situation, Dominance Bit is also down, it seems that Ethereum is the main market leader, which is still waiting for the results of the market, and it should be seen whether it can change the market trend or not.
by MrHunterTradeInsight
DXYIn the last week, we have seen a significant growth in the dollar index, which shows the desire of traders to liquidate and convert their assets into dollars, which will naturally cause selling pressure in risky markets such as crypto. With the opening of global markets today, we are witnessing the registration of a powerful candle and an attack on the previous daily ceiling, that this latest moving log is advancing with more momentum than the previous one, and it is likely that it will be able to cross the resistance of 110 and advance to 112 in the coming days. be
TVC:DXY
by MrHunterTradeInsight
BTCUSDAfter reaching the support area of 20800, Bitcoin is still suffering and completing within the time frame to continue the movement, which due to the higher time frames and the breaking of the ascending channel and more pressure from the sellers, this movement will be in the direction of falling, but until it is not filled within the time that is probably It will last for two or three days, any movement can form a neutral pattern, and it seems that in this situation, maintaining short positions is a more suitable option to see if the support of 20800 will play a supporting role for the growth of the price. The area will also be lost.
BITSTAMP:BTCUSD
by MrHunterTradeInsight
BTCUSDAs mentioned in the previous analysis, the first weekly falling candle is closing as it fills up in time, and the type of closing will be determined by tonight (which is unlikely to create a long run from the bottom due to the closure of the markets). If it closes in this way, the body will cover the previous three candles and create a strong bearish candlestick pattern, and the possible positives of the next week will form more attractive selling trading opportunities.
BITSTAMP:BTCUSD
by MrHunterTradeInsight
BTCUSDTBitcoin is still trying to break the resistance of 24300 and increase the volume in the upward trend and its decrease in the correction shows the continuation of the upward trend in the 4-hour time frame, and if it breaks the 24300 area with high volume, it can increase as much as the previous log up to around 25300 experience a price growth, the condition for invalidating this scenario is the breaking of the support range of 23600.In the daily time frame, we have seen the formation of a candlestick with a strong body with a larger volume than the previous days, which can be a confirmation of the continuation of the upward trend of the market, although with the decline of Bitcoin's dominance in the past weeks, the yield is much better than that of altcoins. We have seen Bitcoin.
by MrHunterTradeInsight
BTCUSDTAccording to the previous analysis, Bitcoin was able to resume an upward trend after the fake breakout from the bottom of the channel, and currently it has broken the resistance of 23600 with adequate strength and volume, which shows the increase in volume in the upward trend in this time frame, which indicates the possibility Most of the continuation of the upward trend. The serious resistance in front of Bitcoin is the static resistance of 24300 and the midline of the rising channel, which seems to be able to break this area in the coming days and move to the next tubes that have been labeled and The condition of its fielding is the return of the price below the area of 23600.
by MrHunterTradeInsight