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Bitcoin-btcusd-btc

BITCOIN Adam & Eve = a common bottom patternBitcoin (BTCUSD) failed to break above the 4H MA200 (orange trend-line) last week and the pull-back is testing the 4H MA50 (blue trend-line) today. Despite the short-term weakness, we have the completion of an encouraging pattern, the Adam & Eve (A&E). I've displayed next to today's price action, three A&E patterns from recent history (Sep 2020, March 2020, Dec 2018), all of which formed bottoms on BTC. Notice the formation of a Golden Cross following the completion of all patterns. A new Golden Cross (when the MA50 crosses above the MA200) is close in today's sequence as well. In addition, the RSI sequences are also quite similar on all. Do you think a break above the 4H MA200 confirms this pattern and essentially the bottom? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSDLong
by TradingShot
12
BITCOIN Bear Market ending this summer. Charting the next Bull.This is an analysis of Bitcoin (BTCUSD) on the 1M (monthly) time-frame where its long-term (historic) Cycles are best viewed. This is a combination of some previous studies of mine with adding the element of Cycle Channels instead of the Parabolic Growth Curve. ** The LMACD ** As you see those also effectively depict the notion of decreasing volatility and diminishing returns over time, which is a natural consequence of increasing adoption. This is also illustrated by the LMACD indicator (bottom pane), which shows slowing volatility and right now has completed 10 months in the red. During the previous Cycles, it recorded 10 and 12 months during the 2018 and 2014 Bear Cycles respectively before BTC formed the bottom. This shows that the bottom is either already in or should be priced by September. ** The Halvings ** Another factor that completely matches that date is the pre Halving nature of Bitcoin that during the previous two events, bottomed 17 and 18 months respectively for Halving 2020 and 2016. The next Halving (no 4) is expected for March 2024 and 18 months before the event, place the bottom this September as well. ** The MA Fibonacci multiples ** The added element of the MA multiples on this chart, gives a fresh idea of the huge Support offered by the 1.62X multiple (green line). Each Cycle though has found Support a Fib level higher each time. M21 (red trend-line) and M13 (orange trend-line), are the candidate levels for the Top of the upcoming Bull Cycle. That is currently within 107k and 173k approximately. Do you also think the new Bull Cycle is closer than most expect? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
26
Bitcoin: 14K Support Test This Week?Bitcoin has established a lower high just below the 22K resistance zone and is poised to close below 20K by tonight's weekly close. While price action is slow and appears to be out of play, the bearish factors cannot be ignored. In this report I will share potential scenarios that can unfold in the coming week. Earlier in the week, Chairman Powell had a speech and Bitcoin attempted to produce a bullish reversal signal (see bullish pin bar on the 29th). In those situations, momentum should follow through, but instead, bearish price action continued into Friday. This further confirms the weakness in this market. There is NO reason to be long or be optimistic about higher prices any time soon. This is not an opinion, this outlook is based on two factors: price structure AND economic environment. While it is possible to have bear market rallies, they have very little potential and sustainability. Price could not even reach the 22K MINOR resistance zone in its previous rally attempt. Lower highs often lead to lower lows and not only is 17K likely to be tested this week, but a break is also favored by the current structure. A break of 17K can take price into the 14K area which is the next historical support zone. And in light of the current environment, bearish catalysts are more likely to appear and have more of an effect than any bullish catalysts. Is shorting a good idea now? For day trades, sure because if there is a squeeze you can exit quickly for a small loss. For swing trades, the risk is too high at this location. While price is not favored to rally, it is still closer to a minor support. The probability is low but an irrational squeeze can appear out of no where and take price back into the 22K resistance. Are you willing to take that chance? While swing trade shorts are favored, I would consider them to be aggressive at these levels. A more conservative scenario would be to see price break 17K followed by a retest of the 18 to 20K area which would be the new resistance to evaluate for positions. Its not about forecasting the next move, its about preparing for potential scenarios, and then letting the market come to you. You can't react, you have to anticipate and that begins with good preparation. Good preparation is rooted in objective analysis. Analysis and trade decisions are NOT the same process. How would you describe your analytical process? Thank you for considering my analysis and perspective. I hope you find it helpful.
COINBASE:BTCUSD
by MarcPMarkets
63
BITCOIN Gaussian Channel & RSI turning upwards. Bottom forming?Bitcoin (BTCUSD) is on the 5th straight week after the Gaussian Channel (GC) turned red on the 1W time-frame. In the past two Cycles, the market formed a bottom 6 weeks after the GC turned red on the December 10 2018 candle and 4 weeks on the January 12 2015 candle. Additionally, the 1W RSI has reversed upwards after last week's double bottom. Those formation are consistent with all prior Cycle Bottoms. The 1W MA300 (red trend-line) is at 16790 and, as I mentioned numerous times, is the trend-line that supported BTC on March 2020, Aug 2015 and Jan 2015. A case against the bottom can be made by the fact that the price is trading below the 1W MA200 (orange trend-line) for the 4th straight week. That has never happened before in BTC's history and is certainly a factor to worry about. In the event of a weekly (1W) candle close below the 1W MA300, the next trend-line that lastly supported a Bear Cycle was the 0.5 X multiple of the 1W MA300 on the October 17 and November 14 2011 Bottoms. Do you think the above is enough evidence of a bottom being formed right not on BTC or you're expecting a break much lower than the 1W MA300? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
25
Bitcoin's Multiple Descending Wedge Setups provoking Rally?Macroeconomic backdrop:: With sentiment in markets rising slightly from peak fear, due to recession fear provoked significant pull backs in commodity prices. Providing a likely reprieve in expected rising inflation concerns. This might in turn, influence central bank interest rate decision makers, too slow the rate in which they hike rates. Although we can only speculate on their desired intensity to crush demand, growth and inflation. We can assume that some decision makers, will look for the right opportunity to ensure slowing growth rates globally do not over extend downwards. Likely pausing or slowing the tightening measure as inflation falls. This could provide the macro set up for a bear market rally to occur. Bitcoin Long Trade:: In the short term we see a relatively small neutral wedge. The upside currently being tested at the time of this published idea. I believe that a breakout will occur to the upside, made viable by neutral to slightly rallying equity prices. The next significant resistance will be the bearish descending turquoise resistance line, that has been created from April and June significant rejections. This resistance line will be bolstered slightly by the falling 50 day moving average, which is lying close to this turquoise trend line. Depending on the macro and equity set up at the time when/if BTC's price enters the orange circle area. Further progression to the upside or a strong rejection will occur. Although bear market sentiment might suggest the case for a rejection is more probable, a short squeeze could allow odd price action to occur. This trade idea is enveloped in the larger descending orange wedge line. That might suggest a controlled further fall in this bear market. I believe that it will remain resistance if the global macro climate continuous to tighten, regardless of worries of over tightening and causing significant recessions. Significant recessions might will naturally correlate with significant job losses. Further degrading global production levels and decreasing supply. It doesn't take a crystal ball or goats entrails, to forecast the enlarged social welfare programs that will arise to support the unfortunate of us that will lose our jobs, due to over vigorous tightening. Best of Luck in your trading!
BITSTAMP:BTCUSDLong
by FortunaAlgoAnalytics
#BTC / #USDT : Analysishello? Traders, welcome. Notes related to this analysis : In this chart, we have a strong downward trendline from which the price has been rejected twice On the other hand, if we want to look at the chart horizontally, in the same zone where the price is located, a resistance zone has been formed, which the price has been unable to cross. In addition, we seem to have a divergence in the Macdi histogram As I wrote in the chart, I think we can have a safe selling position by breaking the trend line (red line). ------------------------------------- If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day
Short
by alirezanaderiTrading
Bitcoin: Daily Review and How to Trade around $20 000Market Conditions The market is in the bearish trend. We can see the consolidation around $20 000. Valuable Areas For bulls, it is 20MA and $21 888 resistance. For bears, it is $17 622 support. Trade Opportunities The price has been moving around $20 000 round number level. The prise action around it may give possible trade opportunities for day traders with close targets. For swing trading, I would wait for reversal and false breakout signals from the resistance and support levels in the hourly time frames. It is a workable option for trading in range. And it makes sense to join a momentum after a breakout from the consolidation. If so, profit targets for bulls will be 50MA and $28 000 resistance. Profit targets for bears will be $14 000 and $10 000. As for investing, it is possible to start building long positions using DCA approach and the proper money management. The true bottom may be between $14 000 and $10 000. The main profit target should be the ATH. P.S. for amateur traders, who search for exact directions and numbers, I recommend you to read this post "TOP SECRET Revealed" ! It will give you better understanding, what the true trading is about. And I advice you to start reading books about trading and watch videos about the same. Because without it, you will always dream about someone, who will make you rich by saying when to buy Bitcoin or any other asset. Also, I ask you to provide your feedback one more time. For me, the information I write in this post is more than enough for planning EXACT trades. For me, it is very valuable information. But for YOU, probably it is not so obvious. That's why I would like to see your feedback and ideas how to improve this format. So, please, share your thoughts in comments. And I will write a post why we need "Market Conditions", "Valuable Areas", "Trade Opportunities" and which role they play in planning any day, swing and position trades. But I want to do it AFTER getting your feedback. Thank you.
by DLavrov
17
BTCUSD weekly (06/07/2022)Today we are going to see the extended triangle model that is forming the price of the BTC /USD pair in weekly candlesticks, below of the pattern we have left the acclaimed 200-period moving average (200MA), one of the most important resistence on the bitcoin cycles, we are below that resistence but only temporary. RSI in addition touches on the relative outside lows (oversold). Last cycle ATH is making furthermore a Buying level. A possible trend change is coming around that leves in the next weeks/months. Remember that it's very important to have liquidity for these macro-scale price action zones. I hope that this analysis will be of great help to those who doubt about entries in these areas ;D
BITSTAMP:BTCUSD
by AVNGL01
What is the potential of the crypto market and Bitcoin?📈👀 As everyone gets used to crypto, big players and institutional investors are starting to adopt it. For example, just today the CAR launched its national cryptocurrency, and Timberlane launched an animated monkey music video called BAYC, following Snoop Dogg and Eminem. Let's examine the potential of BTC and crypto in general. In the main picture you can compare the capitalization of different parts of the financial market. The largest capitalizations are in forex, futures, and funds. Then, with a big gap, the other components of the market go, including crypto, with a current capitalization of only about $700 billion. That is, the crypto can still get scammed) Why isn't crypto being adopted faster? First of all, because there is no stability in it. No matter how much crypto-enthusiasts talk about Bitcoin as the new gold, in reality it is a very speculative asset and most bitcoins are in the hands of private investors. States are afraid of what they don't control, so they don't invest in crypto, but rush to issue their own digital stablecoins. - Except for El Salvador's, which everyone is laughing at (they've already bought BTC) How much can a BTC be worth? Bitcoin is the face of the entire crypto market, as it grows and updates historic highs, it attracts new investors and more people learn about it. At the time of the bull run in 2021, at $69,000, BTC had a capitalization of just $1100 billion. To reach the desired mark of $100,000, BTC needs a capitalization of about $2100 billion at the current turnover of 21 million coins. Even if that happens, the crypto market will still be incomparably small compared to other parts of the economy and the potential is truly great. We are the pioneers of this industry, and as we know, it is the first ones who make the most profit. Under what conditions will the BTC break through the $100,000 mark? 1. Adaptation Cryptocurrency adaptation is when every third person will have a cryptocurrency wallet installed on their phone and will be able to use it to buy clothes or pay for groceries in the supermarket. 2. State stablecoins The launch of digital national currencies will force people to adapt to the new reality and use blockchain in their daily lives. Many people will have to learn what crypto is and how to use it. At the same time, trust towards crypto will increase. 3. Education in schools Just like now parents and teachers explain to children that every country has its own currency and that you can buy a piece of a company if you have money, in the future they will also have to explain that every country has its own stablecoin and you can buy a piece of some cool project on the blockchain. Cryptocurrency - Blockchain - will absorb at least x10 liquidity from other markets, IT’S ONLY QUESTION OF TIME!
by Artem_Dishel
4
BITCOIN Hyper-Cycle model shows we're where every cycle bottomedBitcoin (BTCUSD) has started the 3rd straight week of consolidation above the 1W MA300 (red trend-line) after nearly hitting the level on the weekly candle of June 13. I've made extensive publications on the importance of this level as a Support and this time I want to elaborate on the Hyper-Cycle Theory (HCT) that reveals a progression on the extension of each Cycle and projects where we are now relative to each Cycle and how far we might go. As you see each Cycle (Cycle 1 with the red, Cycle 2 with the green, Cycle 3 with the blue and Cycle 4 with the black trend-line) up to the April 2021 top is approximately 0.819 of the previous one. Based on that, Cycle 4 should be roughly extend for 148 weeks (1086 days) from the April High (181 weeks Cycle 3 / 221 weeks Cycle 2). That however puts the next Cycle Top exactly on the next Halving which is on March 2024. This comes in contrast to all prior Cycles that had their most aggressive Bull runs (parabolic rallies) right after the supply shock of each Halving. Of course if this theory of lower volatility for Bitcoin as adoption becomes greater in time, should at some point create fewer and fewer market extremes with smaller Cycles of Highs and Lows and break this Halving model. For projection reasons, I've plotted each of the past three Cycles starting at the April 2021 High. Surprisingly, each candle projection roughly fills the remainder of their respective Cycle. This may indicate that in a symmetric way on this Cycle, we are at the point where all prior Cycles formed their bottoms proportionately. If that's the case, then BTC is still before the middle of the Cycle, even if the 0.819 progression model stands, giving plenty of time for the next Bull Run, even if it peaks before the Halving. Proportionately though, a repeat of Cycle 3 or better yet Cycle 2 would appear to be more fitting to the Halving model. But lets stick to the HCT model for now. Obviously a repeat of Cycle 1, that high that quickly especially, would be too unrealistic in market cap terms. So which projection is more fitting according to you? Do you agree with the model predicting a Cycle Top before the next Halving? Feel free to share your work and let me know in the comments section below! Important Note: Axis movements clearly distort the Cycles on the chart. If they get out of context on your monitor, try moving them to their original position based on the snapshot of the original snapshot of the chart: -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
44