Long

Bitcoin is bottom in ? (Looks like reversal is coming)

Updated

Hello dear followers,traders and newcomers nor bulls and bears.

In this TA I would like to show you mid/long term follow up of bear / bull divergences as well as share a opinion on current local bottom because of many factors and indicators

You can see Bear div at the ATH (Indicators going down in overbought area & price going still up)
NOW we can see Bull div near very strong support (Indicators going up in oversold area & price still down)

I also tried to copy the fractal from the run up and reversed it and seems this could be the range where algos can switch

** This is not financial advice, so always trade on your own risk and do your own research first before putting your money in and risking them **

Note

Ad. 1 Almost every single indicator is showing bull divergence in this range

Note

Bitcoin shorts also showing some weakness. They had bull divergence at Bitcoins ATH in Nov-Dec 2018 .. Now they are showing bear divergence (Mean shorts should be closing and time to open longs)

Note

The question is not "Is the reversal comming ?" the qustion is more like "When is the reversal comming?"

This is so far highly speculative and I will keep you informed about it but in my opinion this is very likely scenario.

Inverted H&S could be forming now and whole sub 4K range is just a bear trap for shorts before trend reversal. The more shorts bears open the bigger the bitcoin bounce. So market need people to believe it is crashing so dumb money will ad shorts now to be rekt (Same kamikadze as longing bitcoin at 19K range)

If the inverted H&S will play out and shorts will be squeezed we could get interesting closing of monthly candle which is very important for mooving averages

Note

Even the Tether (USDT) looks weak agains BTC here

Note

View on long term / cycles

Note

Some of you asked me if the inv H&S is still valid so here is update. I still see it valid. Added EW and the head made possible double bottom

Note

Updated vizualization of this TA to make it easier for you to understand the divergences and the RSI - Sell when bear div forms in high RSI (Relative strength index) and buy when low RSI or for higher success rate when bull div form in oversold area

Note

USDT allready crossing down agains BTC

Note

Shorts also hammered

Note

First massive shorts closing happend exactly on the line of bear divergence as expected.

Note

Rebounce time

Note

This here might be currently a local top as indicators showing weakness s3.amazonaws.com/tradingview/snapshots/1/1PTmyaz0.png

Note

After a small expected pullback it is still on track s3.amazonaws.com/tradingview/snapshots/c/cp5s3Tf2.png

Note

I´ve just realised that this huge bull div is even bigger and is extended since Feb 2018

( Pink line )

Note

I´ve added same fractal as previous to see the possible path and I will keep tracking it and will inform you

Note

Hello friends. Hope you are doing all great.

12. Dec I´ve posted a long term run expectations and today I´m bringing you another confirmation based on MA trend

Note

Saga of this RSI bull div supp continues

time for bounce

Note

Revisited fractal.

Note

Possible ADAM & EVE pattern in game

Note

View on Weekly chart

Note

Total market cap breakout occured

Whales buying back !! (3 weeks of big buy volume alert)

Note

After sucesfull breakout BTC correction in my opinion is on its way and Alts grow on its way tradingview.com/x/BK9kBqXg/.

Note

Note

Caution here. Strong resistance aboove us

Trade closed: target reached

Taking profits

Note

4h bearish divergence

Note

1000 Days 3000% = 3% a Day .. If you bought at this call of bottom and will hold till 21 Dec 2021 there is high chance to outperform daytraders making 2.5% a day stressing in front of monitor shaking his hands and wasting his life tryharding. Odds are on the Buy and HOLD side now

Trade closed: target reached

Hitting Top red line and forming strong bearish divergernce in April as expected in main idea. Time to leave more bags here and reload lower

Trade active

If you didnt sold/scalped your bags yet. Here is why you should.

Short ACTIVE

Simple RSI analysis (Strong bearish divergence) Sell signal !!

Note

This is something very interesting. I´ve realized that Gold and BTC have literally the same trend. Check this out .. Im sure that it will shock you imgur.com/a/kWYJhHd

Note

Next cycle ?

Anoinvest

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.