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Hashem

Bitcoin LongTerm AnalysisToday I'll be watching Weekly, Monthly, and Bimonthly timeframes and get trigger trades from a Daily perspective. Bitcoin's weekly candle closed with a good posture and didn't break the $ 11500 level. also on the Monthly, it is literally an uptrend and $ 14000 target. But in the 2M it's still processing. If the 2M candle closes like this, the 2M timeframe will be in an uptrend and again $ 14000 target ( in the longterm ). So if a Daily closes below $ 10900 , it's probable going to fill the CME gap @ $ 9600 ~ $ 9700 . ( and then we must re-analyze the charts ) And if a Daily candle closes above $ 11900 ( or better $ 12000 ), probably bitcoin starts to test $ 13000 and $ 14000 in the mid and long term. Because of the Nasdaq and SPX indexes and the bullish posture of them, the above breakage of bitcoin is more probable than correcting below $ 10900 ~ $ 10800 .
BITSTAMP:BTCUSD
by rhawshemi
Bitcoin LongTerm & MidTerm AnalysisAfter Weekly close above $ 11600 now bitcoin caused a change of behavior on the weekly scale. Weekly & Monthly Charts suggests a test of $ 14000 but in the ShortTerm, there will be some corrections and pullbacks. For the ShortTerm, we can get $ 11800 as a pivot. For the MidTerm, we can get $ 11500 as a pivot. For the LongTerm, we can get $ 10800 as a pivot. "As pivot" I mean if it's a break, it is a change of behavior in that scale and time frame. Bitcoin on Macro is Bullish until it is above $ 10800 .
BITSTAMP:BTCUSD
by rhawshemi
Bitcoin MidTerm and LongTerm AnalysisFinally, bitcoin broke its range and showed some life about it. According to HVP and momentum, probably bitcoin creates a range between $ 10500 and $ 11500 . A Bullish Range for preparing for higher tests. If a 4H candle closes below $ 10500 , it could test $ 10200 . and if that breaks, it could test $ 9900 ~$ 10000 . this 10k is a pivot level. So as long as bitcoin is above $ 9900 ~$ 10000 , it is bullish and this breakage is not a trap.
BITSTAMP:BTCUSD
by rhawshemi
1
NASDAQ Futures and Bitcoin AnalysisAs of the 10 years history of Bitcoin and Correlation between SPY or NASDAQ Indexes and Bitcoin, we could say that if bitcoin manages to range in this area, could actually be bullish for it. the Nasdaq futures are at ATH and beyond so if these indexes are correlated with bitcoin, On the macro it could go up and break this triangle to the upside. but this is crypto and full of traps. So if bitcoin breaks down (by closing a Daily candle below $ 9000 and $ 8600 ), it could test $ 8100 and Mid 7000s and because of Nasdaq and other bullish asset indexes, it will give an opportunity.
BITSTAMP:BTCUSD
by rhawshemi
1
Bitcoin Analysis Update (LongTerm & ShortTerm)After some ranging & frustrating price action, now Bitcoin is ready for a massive move and explosion. Direction? No one knows. If a 4H candle closes above MA 200 , it could test the $ 9600 , and if it takes out that wick, the test of 9900 is probable. But if it comes down to the EMA 200 , it could build a Death Cross in the 4H TF and could trigger other bearish factors. But If PA tests the previous Weekly candle wick, the explosion probably would be in favor of Bears .
CME:BTC1!
by rhawshemi
Bitcoin Long-Term AnalysisAfter some heavy corrections due to playing out some divergences and negative momentum, now Bitcoin tested the 12H and 2D Golden Crosses. So far so good. But the Change of behavior is when a 12H candle closes below MA200 and/or a 2D candle close below MA200 . that is when I say this is not a healthy correction and probably BTC will test mid $ 6000 s. Also, the 61.8 is at $ 8200 . so that would confirm that level as a change of behavior. But as long as that wouldn't happen, Bitcoin is not in danger. I am long from $ 8200 (now it's risk-free) and my Stop would be the condition above that I said. (but not in weekends)
BITMEX:BTCUSD.P
by rhawshemi
Bitcoin Mid-Term AnalysisAfter some ranging price action, now the 12H Golden Cross and EMA21 tests are confirmed. The 2D Golden Cross is on the way but not confirmed yet. As you can see MA200 on 2D TF is good support. If a 4H candle closes below $ 8617 or wick below $ 8527 , it would probably test the lower support zone ($ 7800 ~$ 7900 ). If a 12H candle close above $ 9070 or a 4H candle close above $ 9200 , it would probably first test $ 9300 and upper resistance zone ($ 9600 ~$ 9700 ). Prices are on BitMEX.
BITMEX:BTCUSD.P
by rhawshemi
Bitcoin Long Term It's hard to be bearish if the BiMonthly candle closes like this. on the other hand, if the Monthly candle closes above EMA21 it's no longer bearish in the Macro and Long term. But note that Bitcoin could test lower levels such as $ 6000 for playing out a Correction . About that 2D Death Cross: The first change of behavior was the candle close above the EMA55 . And now the change of behavior will be confirmed if a 2D Candle close above EMA200 and could turn the Death to Golden Cross...
BITSTAMP:BTCUSD
by rhawshemi
Bitcoin 2D Golden/Death CrossesBitcoin 2D (Golden/Death) Crosses case study shows that after these crosses, price action will test one or more EMAs to confirm the cross and Bots & Algos. Will it happen again this time? With every 2D Candle close, the momentum between EMA200 and EMA55 becomes stronger to the downside. Meanwhile, Bitcoin could test the 2 EMAs but the change of behavior is when a candle closes above EMA200. So as long as BTC is below EMA21, I am Bearish. but if a candle closes above EMA200 ( fake the death cross ) - based on PriceAction - I become Neutral or Bullish.
BITSTAMP:BTCUSD
by rhawshemi
Bitcoin $BTC AnalysisWeekly CME has been closed bullish. A Higher High is now Confirmed on CME Weekly scale. Also an Inverse Head and Shoulders is present which its target reach to $12k on CME chart and which is an unfilled gap in there. It's weekend so expect some crappy candles. But the bigger picture is building quite bullishly. The Open Interest is also quite high that suggesting a big and Explosive move is near. But on the other hand if a 12h candle closes below 9600 ( or 4h below 9500 ) it would recommend that the test to the 5 digits BTC is delayed. AND if Bitcoin loses $9200 the bullish case will be closed and down-side targets are back in the game. ( Mid $8k and $7K ) Besides the Weekly RSI is out of the bearish zone and Neutral zone with positive EMA slope.
CME:BTC1!Long
by rhawshemi
BTCUSD Bearish FormationBitcoin on the higher time frames created a bearish formation on the lows. on the 2D it's a Triangle which the measuring point would be the bottom trend line (Macro descending channel) . The 2D SMA 200 could be a Support but I don't think it'll hold. Then there is the bottom horizontal support line. It could bounce on there even it can go through and fake the breakage. 2D Stochs are rejected by the Bullish Control Zone: The VPVR on the $6000 horizontal has the last node of the populated area: Hidden Bearish Divergence on 2D RSI(14) is present: Although the Divergence is present in the Bearish control zone and it's a Hidden . So I don't put too much weigh on that. But it can drive the price to the bottom of the range and the horizontal support which is approx. $6800 . So after all, if BTC Close a 2D candle below $6900 , the downside chain reaction would be started and could bring it the low $6000 . From there probably a bounce and ranging ( and even downside continuation ). But before all this BTC could pump from here to the upside of the channel but if this happens nothing will change all of this because the Weekly is on a DownTrend . when a Weekly candle closes above $9600 it would make a Higher High on the Weekly scale, but until then the Weekly and higher time frames are bearish . -Hashem
COINBASE:BTCUSDShort
by rhawshemi
2