Bitcoin short-term viewBitcoin short-term view
(a) BTC lost $16,500 after spending much time here
(b) next lower volume support at $15,460
(c) if we get above $16,500 again the volume resistance $18,000 is our next #bullish target
Have a great Day dear Crypto Nation🤗😎
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Bitcoin-btcusd-btc
Bitcoin in connection to Home Sales 🚨🚨Update:
Bitcoin in connection to Home Sales
We just saw a channel break dear Crypto Nation - last time seen at Corona sell-off🚨🚨
If Home Sales find the way back into the channel BTC might recover as well
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BITCOIN The Fib-Dollar Cheat sheet says the bottom is formedThis analysis is centered around Bitcoin's (BTCUSD) Halvings and their important to the market due to the supply shock they fundamentally deal and have done so historically and the U.S. Dollar Index (DXY being the green trend-line). On this 1W time-frame, we've applied time and horizontal Fibonacci levels on each Halving Cycle, from start to end, to classify the different phases that BTC has traded and determine where we are at now (always based on the model).
** The Time Fibonacci levels **
As you see, the price tends to rally aggressively after each Halving (Fib 0.0) until Fib 0.236. We classify this as the Parabolic Phase.
From Fib 0.236 to 0.382, BTC tends to make the final rally and forms its Cycle Top. We classify this as the Top formation.
From Fib 0.382 to 0.5, BTC has officially entered Bear Market territory. We classify this as the Bear Phase.
From Fib 0.5 to 0.618, BTC is in the final staged of the Bear Cycle, preparing for its last (and most aggressive) fall. We classify this as the Despair Phase.
From Fib 0.618 to 0.786, BTC traditionally forms the Bottom of the Cycle, signaling the end of the Bear Market. We call this the Bottom formation phase.
From Fib 0.786 to 1.0 (next Halving), BTC officially starts the new Bull Market. Categorization: Bull.
** The horizontal Fibonacci levels **
Those are measured from the bottom of the Halving candle to the top of each Cycle. Those are mostly useful in calculating a potential bottom level. The first Cycle bottomed after the 0.382 Fib broke. The second Cycle bottomed after the 0.5 Fib broke (a Fib level lower than the previous Cycle), while the current Cycle has already broken Fib 0.618 (a Fib level lower than the previous Cycle).
Not surprisingly, this recent (FTX led) low is timed right within the 'Bottom formation' Phase (blue zone). In the 2018/19 Cycle, the price rebounded relatively early after the 'Bottom formation' Low, while in 2014/15 in did so towards its end. The phase's end is in May 2023.
** The Dollar's importance **
Among all the Fibs and classifications, the USD Index (DXY) plays its own highly important role during BTC's Cycles. Right now the DXY has been on a +1 month (aggressive) decline. Typically, as it is valued in USD, Bitcoin tends to rise when the DXY falls. The stop of USD's previous run was in March 2020, right on the COVID crash. What Bitcoin did then was bottom out and start the 2020/21 Parabolic rally. The previous USD top was on December 2016, when again Bitcoin was in its 'Parabolic Phase'. The USD's previous top was in March 2015, right at the start of the 2015 'Bottom formation' phase.
From all the about, we could reach a (always with a certain degree of error/risk) conclusion that the combination of a new (fundamentally led/ FTX) Low within the "Bottom formation" phase of this Halving Cycle, while the DXY is dropping aggressively, could be Bitcoin's new bottom. Whether the price rebounds now as in 2019 or twards the end of the phase as in 2015, it remains to be seen, and certainly depends on a lot of variable factors, most of which fundamental. Stability in the stock market is definitely among the top ones.
But what do you think? Has Bitcoin priced its new Cycle Bottom as this Halving model suggest, especially if the DXY is starting a new long-term decline? Or the global fundamentals are so strong that it will be invalidated? Feel free to let me know in the comments section below!
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Bitcoin: Where's The Bottom?Bitcoin price is now consolidating between the 15K and 18K range. The 18,500 range high has established another lower high in the context of the bigger picture. As long as this level stays intact, it would be unreasonable to expect a spectacular bullish outcome ANY TIME SOON. What is reasonable? A test of the 14K to 12K support area.
In one of my recent streams, a troll with nothing better to do accused me of being a perma bear. The reality is, I am a Bitcoin bull, but I do NOT let my opinions get in the way of market intent. All of my articles and streams since June have had a bearish bias, simply because long term price structure and economic context favored and continue to favor a BEARISH OUTCOME. My extremely simple "less is more" market view has helped me to avoid the FTX situation (which NO ONE saw coming), and from accumulating any meaningful inventory too early. All while being completely ignorant of news, rumors, fake gurus, Twitter, and other mainstream nonsense that motivates the retail trader.
I am a believer in the idea that price factors all the known information in the world at any given moment. And right now, price structure and economic context continue to point to lower prices. The 18,500 resistance has been established as a new lower high and 20K has been completely compromised. This puts the 14K to 12K support in play which means these levels should be accounted for in terms of RISK. IF this price structure maintains itself, a test of lows is favored, but just keep in mind, that does not guarantee price WILL test these levels. There is NO way to be CERTAIN where price will go next. The best we can do is estimate risk and then determine how we want to interact with that risk. Anyone that pretends to know the future is exposing themselves as a novice, while attempting to capitalize on your ignorance.
In my precious article I pointed out the 16,300 break will activate a new sell signal which has been in play but lacks follow through. Price is not likely to move until a new catalyst surprises the market, especially in light of the holiday week on the horizon. While the short side still offers potential, the current level carries a lot of squeeze risk. The more conservative choice would be to WAIT for a signal to appear upon the test of the 18K resistance. Short squeezes happen but should not be confused with a trend reversal. Do not react. Gauge your probabilities and assess your risk. Prepare in advance for these scenarios.
Thank you for considering my analysis and perspective. I hope you find it helpful.
Bitcoin - timing scenario percentage🔵and time⚫️Bitcoin
Using RSI & SMA delta Indicator by MarcoValente (changed settings)..
.. BTC might be on the outlet of the bear market
Using the average of pre-gains in percentage🔵and time⚫️..
..we might have to be more patient dear Crypto Nation
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BITCOIN Strongest sell signal since 2021! This time's different?Those who follow our channel for long, know that we like to look into Bitcoin (BTCUSD) on many different time-frames for a more all-around perspective. The 3D time-frame is one of the most accurate for long-term price projections and this time is no different as since last week its MACD formed a Bearish Cross.
As you see, since March 2021 we've had this formation another four times, all of which delivered a new Low. The September 16 2021 Cross was limited to 'only' a -18% drop but the other three delivered enormous -50%, -52% and -57% drops. A 'standard' (according to this model) -50% drop from today's Bearish Cross' candle would push the price down to a little below the $10000 barrier, a huge psychological level undoubtedly. Add to the mix that BTC got rejected on its 3D MA50 (blue trend-line) same it did in late March/ early April 2022 before the last MACD Bearish Cross and the -57% drop.
Now, what's different this time? The only parameter that differs is that in the past four events, the build-up to the Bearish Crosses was a Channel Up. This time it was a Channel Down. How important can that be and whether it can cause the opposite outcome (a rise), it remains to be seen. A good indication that this time it might be different would be if the price breaks above the Channel Down, thus the 3D MA50 (currently at 20386) as well.
What do you think? Are we about to see Bitcoin at $10k in the next 2 months or does the Channel Down signal the end of this bearish model? Feel free to let me know in the comments section below!
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Bitcoin - remember the signal🟢since 757 days🚨🚨🚨Bitcoin
HUNT HISTORICAL BITCOIN VOLATILITY PLOT
New signal🟢since 757 days🚨🚨🚨
Imagine these were your BTC entry points over the years😉
What will the smart money do❓
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Bitcoin short-term view - ready for a big move🚨Bitcoin short-term view
Have drawn a bigger triangle
(a) seems BTC is getting ready for a big move🚨
(b) bullish target at $19,450 - $19,892
(c) bearish target at $13,696 - $13,028
Get ready dear Crypto Nation😎
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Bitcoin and the Philly Fed Manufacturing Indexive 🔴☑️⭐️🟢Bitcoin and the Philly Fed Manufacturing Index
possible bullish scenario when...
1. Index is negative 🔴☑️
2. Index breaks trendline⭐️
3. enjoy the #BTC bull run🟢
Today bad value -19.4 ➡️ more patience necessary🚨
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BTC Covid Crash vs FTX CrashPublishing to track this possible Bitcoin fractal.
BTC COVID Crash
vs
BTC FTX Crash
$16k needs to hold for fractal to stay active.
Most bottoms form on big players getting wiped out, huge volume capitulation candles. Both instances had volume over 3-4x normal volume at the bottom.
We all know what happened after this last $BTC dump to $4k on COVID lockdown news.
BTC BTCUSD Bitcoin BitcoinUSD
-@CryptoCurb
Bitcoin bull run brake sponsored by FTXBitcoin bull run brake sponsored by FTX
Nice BTC behavior when the DXY left the overbought area on the weekly RSI
But if DXY still follows the downwards channel a Crypto bull run might occur 🟢
RT & FOLLOW appreciated 🤗
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Bitcoin traffic light scenario🚦Bitcoin traffic light scenario🚦
🔴Bearish phase
TKD indicator turned from green to red
🟡BTC accumulation phase
TKD indicator forms a top
🟢Bullish phase
TKD indicator turned from red to green
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Bitcoin - next Fisher breakout ahead with trial no 5🟢❓🚨Bitcoin
Next Fisher breakout ahead with trial no 5🟢❓🚨
March 2015 and 2019 those breaks led to a huge #Bullish run dear BTC and Crypto Nation 🚨🚨🚨
But FTX misery might act as a time block🤔
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BITCOIN Bollinger W rebounding, does it mean the bottom is near?Bitcoin (BTCUSD) on the 1W time-frame is flashing some bottom signals we can't ignore. The core of this post is the Bollinger Bands Width (BBW) indicator which rebounded on a level (blue line) that has historically preceded major rallies and market bottoms (circles).
The period that bears more resemblance with today is the BBW rebound that started on the week (1W candle) of November 12 2018. This was a strong red week, which was immediately followed by another, even stronger one. The bottom was made three weeks after on the Higher Lows trend-line (dashed) that was almost half the angle (16°) of the previous one (30°). If this is any pattern to follow, then the bottom of the current Cycle could be made on a 8° angle Higher Lows trend-line. All those lines start on the last major low before each Cycle Top. Keep in mind that depending on your screen's dimensions, the angles can change but they do so proportionally, so the analogy remains. In any case, on the current weekly candle, the Higher Lows trend-line has a downside limit (Support) around $14000. The more the price doesn't drop, the higher this level gets.
Is the bottom close?
Feel free to let me know in the comments section below!
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thoughts on btc weekly chart?personally, i am shooketh at the market rn. fear is at an all time high, we broke below previous lows of last years bear, and market looking weak A F.
we're not too far from testing the weekly 200 EMA @ 25 K, and if we break lower into goblin town i pray for major support around 20 K / previous bull 2018 highs.
thoughts?
(im posting this in hopes of a bottom signal) hehe
Bitcoin critical week🚨🚨🚨Bitcoin critical week🚨🚨🚨
After last switch🔴🟢of DPPM Oscillator by LazyBear the back-switch 🟢🔴might occur
Last time seen at Corona and All Time High sell-offs
Can BTC avoid this back-switch❓
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Bitcoin - BTC never lower than $17,607 again❌🟩❓Bitcoin
BTC never lower than $17,607 again ⁉️
Invalidation sponsored by FTX misery🚨
But TRIX indicator again with next clear higher point❌that might give a hint for the next BULLISH run dear Crypto Nation😉👀
Weekly close important
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Bitcoin's Price Prediction For 2024 HalvingIn this chart Bitcoin's price is lined up from previous cycle peaks showing the duration of the bear market until next halving of the miner's reward.
What do you think from the perspective on this chart.
Do you think Bitcoin's price will be above or below $24,000 at the next halving?
Crypto could get UGLY3 weeks ago we saw fakeout from major bear edge getting sent down to slide the edge until a minor uptrend was established
Now seeing this minor uptrend rejected on the parent downtrend resistance we can see that this downtrend's support and bear edge form an average level at the June low support
This level also matches the downtrend fib extension 1.618
What is most alarming is the latest rejection can also be interpreted as confirmation of 786 fib extension and intent for full extension...
taking the optimistic doom case we can expect ~20% down on total crypto cap
full doom call would be full extension ~40% down
Bitcoin lost $18,435 since 102 weeks🚨🚨🚨Bitcoin lost $18,435 since 102 weeks🚨🚨🚨
But what next for BTC dear Crypto Nation❓
Considering the volume profile and LogFIB...
BULLISH🟢
price reclaims $18,435 and goes higher
more likely🟠
price founds support at $13,696 at FIB50%
Bearish🔴
price even loses $13,696
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Bitcoin: 14K Support In Range?Great lessons to learn about risk, perception and how easily the herd is mislead in the most deceptive industry in the world thanks to FTX. Were you exposed to this unexpected event risk? My recent sell signal (mentioned here) from 20,250 reached its profit target and then some. Price is now within the 17K to 14K support zone which I have been accounting for since June (read my previous articles).
I don't short Bitcoin, and I am not about to start, but I share the trade ideas if the signals appear. One thing I can at least say for sure: I HAVE NOT called ANY longs for months. My "less is more" analytical process helped me steer clear of this sell off because there was NEVER a compelling reason to go long. NO ONE saw this coming, yet I managed to avoid the long and shared a sell signal without following ANY public information, news, "experts", etc. I FOLLOW PRICE.
As I have been pointing out for MONTHS, Bitcoin refused to compromise any major resistance levels (22K to 25K). Along with that, we have had a rising rate environment which reduces the chances of a sustainable rally even further. That is ALL you had to know to make a rational decision. All it takes is an unexpected catalyst, and next thing you know we are breaking supports (which is in line with a BEARISH environment). The market was pointing to this possibility the entire time and never offered ANY evidence of a trend reversal, bull market, or any other optimistic NONSENSE that is regularly pushed in the mainstream news.
So what now? This situation is a result of the extreme LACK OF OVERSIGHT in this industry. It began with a "leaked" balance sheet? Exposing a much more REALISTIC picture of the FTT token which comprised more than 60% of the companies assets? The valuation was FAKE. This should make you wonder about the numerous alt coins out there that were overly hyped and possibly "engineered" to encourage a "perceived" value? How many other exchanges engage in this type of "market making"? Like I remind my followers regularly, the role of the retail trader / investor in this game is to make others rich. And with no regulation, alt coins are the perfect vehicle to accomplish that. Bear markets expose the frauds in this game. Who's next? Bitfinex and Tether?
Right now price action in Bitcoin is pointing to a continuation SELL SIGNAL upon the break of 16,300. IF momentum continues (which price structure favors) it is within reason for price to test the 14K support over the coming week. There is also a new resistance level in the 18,500 area.
Lesson to learn from all of this: 1) do not trust any exchanges in an unregulated industry. (never keep all of your assets in one exchange). 2) Investors are exposed to this type of event risk. Swing trades are much more effective here because they LIMIT this type of exposure. 3) Learn to make decisions on the LEAST amount of information possible. A chart can help with this.
Thank you for considering my analysis and perspective. I hope you find it helpful.