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Cryptocurrencysignals

BTC / Bitcoin - Consensus of Indicator Analysis / ForecastOn this highly reliable weekly chart I have placed and added various indicators. My review of them is on the chart. Solely from the perspective of my review and analysis and not at all setting aside the idea of BTC to $250K in 2024, Bitcoin may be overbought with a high RSI and MACD about to cross lines over a relatively thin histogram. Price is higher than the 3rd VWAP band line 3 standard deviations above the mean of the anchored VWAP and the mass index is above the threshold for it to fall to trigger a reversal Accordingly, I will not add to my position and will hold what I have. Further, i will take a look at the NASDAQ Cryptocurrency Index and if it appears to be similar to BTC which is the biggest market cap within that index, I will not add to ETHUSD or any of the other "stable coins". I am prepared to short BTC on a forex exchange with leverage once an established trend is seen on a 60-180 minute chart with checking ADX and DI +.
by AwesomeAvani
DOGEUSD The time to buy aggressively is NOW!!Dogecoin (DOGEUSD) has so far fulfilled our July 24 2023 call (see chart below) for 6 months of sideways trading and is about to get out of this Cycle's Accumulation Phase: As you can see on this chart, the price action respected our Accumulation Phase boundaries strictly and is about to form a 1W MA50/MA100 Bullish Cross. When this Cross was formed on each of the previous 2 Cycles, Doge started a rally. In the case of 2020 it was almost instant. We are less than 3 weeks before completing 1050 days from the All Time High (ATH), which during the past 2 Cycles was a benchmark for the start of the Parabolic Rally Phase (green Rectangle). As a result, we are turning aggressively bullish on Doge, aiming at the 0.786 Fibonacci level of the Channel Up at $2.000. That is a fair Target price but we believe that if the market makes an overextension, we can even see it reach as high as $6.000. ------------------------------------------------------------------------------- ** 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:DOGEUSDLong
by TradingShot
18
BITCOIN Today's monthly closing can start a rally to $81000!Bitcoin (BTCUSD) is closing the monthly (1M) candle today and to the surprise of most, it is near the November 2021 All Time High (ATH). In fact it is exactly at the level where the ATH monthly candle (Nov 2021) made its closing. As a result if the month of February closes today above it, we will have a new ATH monthly closing! ** The importance of the monthly closing ** Why is that so important? Because every time in history BTC closed a 1M candle above the closing of the previous ATH candle closing, it started the Parabolic Rally Phase of the Bull Cycle and never looked back until the Cycle top. This is a key level as there were 2 times it got tested but as the 1M candle didn't close above the previous ATH candle closing (August 2012 and June 2019), the price got rejected and took numerous more months before the next test and eventual break-out. ** The 1M RSI and Fib bands ** It is important to highlight that on the tests that were successful and made a new 1M candle close above the previous ATH candle closing, the 1M RSI was overbought above 70.00 (blue circle and arrow), while the 2 times it failed, the RSI was below 70.00. Also during those successful tests, the 1M candle was recently detached from the Fib MA Multiple 3 (blue trend-line) and in reached Multiple 5 (yellow trend-line) within the next 2 months maximum. ** What's next if successful? ** This indicates that if today's monthly candle closes above our critical level, we should see $81000 by April! And if you want to make a rough estimate of the top of the Cycle, it should be at or marginally below Multiple 7 (red trend-line) with a fair projection being $150000. You should also consider to start profit taking once the 1M RSI approaches its historic Lower Highs trend-line, which has timed the pricings of all Cycle tops. And with the exception of the last one, that was on a Double Top on the Lower Highs. But what do you think? Will Bitcoin makes a closing above the ATH 1M candle closing today and if so, will it hit 81k by April? 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! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
8
BITCOIN on the quickest ATH test! Is this a narrative breaker?A few weeks ago we published an analysis regarding the importance of the .786 Fibonacci retracement level in cyclical terms, showing that historically, every time Bitcoin (BTCUSD) has closed a 1W candle above that Fib level, it never looked back and it always tested the All Time High (ATH) soon after. Fast forward to today, BTC has already closed 2 straight 1W candles above that level. On this analysis on the 5D time-frame, we see the completion of the Golden Cross, which has always been present once on every Cycle, this time though formed the closest ever to the ATH. In fact Bitcoin is 'only' another +20% away from its ATH and technically in should get hit within the next handful of weeks. In that case, we will have the quickest rise from a Cycle Bottom (RSI based) to ATH since the 2012 - 2013 Cycle, which was Bitcoin's first and of course not a representative Cycle sample as it was on its first years and naturally on a very aggressive rise due to being a brand new market on low cap. If we do count however from the actual November 2022 bottom (460 days up to now), then the current Cycle goes head-to-head even with 2012 - 2013 (it was 466 days until the ATH)! In any case, this is a remarkable run for the market with still more than a month left until the new Halving! Of course much of this rally is attributed to the newly approved ETF, which is attracting historic attention and capital inflows on Wall Street. Just a side-note, it is worth paying attention to the 5D RSI. A Resistance Zone test can be a first bell that the top is in or very close. But what do you think? How long before we test the ATH? 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! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
5
BITCOIN Is it about to 'Ride the Bollinger Wave'?Bitcoin (BTCUSD) is on the 3rd straight month that the 1M candle has touched the top of the Bollinger Bands (BB). At the same time the Bollinger Bands Width (BBW) is on the rise while the 1M MACD is well past its Bullish Cross. When all those three catalysts took place together in the past, BTC has extended the rally on top of the BB, which is something we historically call 'Riding the Bollinger Wave'. Technically this should give at most a 2-month pull-back, which would of course be a buy opportunity, until the Cycle tops. Will you continue buying every pull-back without fear? 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! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
4
FLR/USDT Major trend. Downward channel. 21 10 2023Main trend. Time frame 3 days. Due to airdrop and the general trend of alts movement, the trend is pronounced downward. The price is moving in a descending channel. With a high probability in the near future may occur after a significant drop in price corrective movement to it, so as not to spoil the logic of the channel for the market maker. The percentages have shown. It is worth noting that locally can be formed as before candle “hammer” (bullish signal). Line chart. Local trading situation at the moment . Time frame 1 day. You should always have a $ reserve of 30% of your position in case the Corona-dump 2020 fractal occurs.
Long
by SpartaBTC
2
BITCOIN Below the 4H MA50. Where does it go from here?Bitcoin (BTCUSD) has broken 3 days ago below the 4H MA50 (blue trend-line) for the first time in 2 weeks and so far remains under it, unable to regain the bullish momentum of the first half of February. But how bad can that be? Does it jeopardize the long-term bullish trend? For now not. Even though the February 15 High was technically a rejection on the Higher Highs trend-line that started on December 05 2023, the medium-term pattern remains a 1-month Channel Up. That pattern is similar to the Channel Up from October 13 2023 to December 17 2023, which broke sideways after a 1D candle closing below the 4H MA100 (green trend-line). The 4H MA100 is currently at 49656, with additional support levels Support 1 (48400) and the 0.5 Fibonacci retracement level (47800), which provided the necessary support on the December 11 2023 Low. As a result, we have a strong candidate zone as the new Support Base that can technically extend the bullish trend of the Channel Up. The short-term target is the Higher Highs trend-line at 55000 and if we get a 1D candle closing above it, Channel Up extension to its top at 60000. Note that the 4H RSI offers a very strong buy signal on its 30.00 oversold barrier. Every time it was hit in the last several months, the price rebounded (even in the cases January 13, 14 and 18, when it was just short-term rebounds). But what do you think? Will BTC provide a bullish extension on the current Channel Up? 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! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
1