BTC 1W RSI1W RSI is hovering in an area that historically preceded huge ROI for long term buyers.
It happened in Jan 2015, Dec 2018, Mar 2020. Well, indeed, few points down from here could even show a 20k BTC eventually.
But I've been here don't we? Then how could we handle the top if this height is scary enough? 😘
KR
Bitcoinforecast
Crypto Market Cap REACHED $1 TRILLION . buy before its too lateHello there, it's been a long time since I updated my @TradingView page. All of my prior market updates hit their targets, and the market is presently hovering at favorable buying positions for mid-term and long-term investors. It's still a risky zone to go all-in, but we may try a few entry for a fraction of our portfolio.
I believe the crypto market will return right here at 1T market cap and rise to 2T market cap. This means that all altcoins/tokens will grow at least 2-3x from their present levels.
I believe the market is not prepared for another bull run since all investors who joined the market on the downtrend will exit at possible breakeven. This will lead the market to drop from 2T (or close to it) to 1-1.2T.
Stay safe, peace out!
Best regards
Artem Shevelev
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Bitcoin looks bearish for 2022?I know, even in my chart, #BTC is in beartrend risk-zone.
Still, i am bullish AF.
Why?
Beartrend risk-zone can indicate also a good buy moment, while the zone signalled often a trend change.
If you check on-chain data, inflation and the rising of authoritarian states, i cant believe how cheap BTC still is.
I know that, when majority of the people lost hope (i think its happening now), number will soon go up.
We could see a huge Q1 + Q2 2022 on #Bitcoin (+150-500%) and also huge gains on #altcoins
💥Bitcoin : Support area approach in short term Hi everyone!
From a technical point of view, Bitcoin could be approaching the definitive medium-long term support area.
If there will be the technical conditions, we will post new updates below
NB: Analysis shown is on a logarithmic scale. Trade with care....
💖 Support our idea with your Like & Comment , thank you! 💖
Bitcoin buy zone approaching really quick LAMBO ZONE SOON AFTERFollowing a nice run early this year we have gone through a period of profit taking/distribution. The fundamentals creating the environment for such a nice run up haven't changed much, however there will be a new catalyst towards the end of this summer that will create an environment for a HUGE Bitcoin run above £100k. It's all going to be closely related with COVID and further QE.
Why $25,000 is the buy zone?
Simple maths
ATH - $65,000
Golden Fib - 0.618
$65,000 * Golden FIb = $40,000
$65,000 - $40,000 = $25,000
Major resistance?
$80k
$105k
And then obviously the LAMBO ZONE
Bulls Whispers: How 2015's Ghosts Haunt BitcoinLooking in BINANCE:BTCUSDT past, the similarities between the 2015 and 2023 bear markets are both enlightening and cautionary. In 2015, we witnessed a rapid descent marked by pronounced long wicks on the weekly chart. Fast forward to 2023, the landscape has notably evolved.
A standout pattern on the current chart is the flat top triangle, reminiscent of its 2015 counterpart. However, the nuances are subtle but significant. A rounded bottom and a sharp parabolic rise, denoted by the orange circle, paint a more subdued yet optimistic picture for 2023.
What explains this shift? Market capitalization and trading volume have soared since 2015, lending stability to BITSTAMP:BTCUSD movements. These parallels suggest a cautiously bullish outlook for Q4, 2023.
Yet, caution must prevail. Unforeseen events, akin to the black swan event of the COVID-19 crash, remind us that the crypto landscape, while promising, demands vigilant navigation.
The chart no one wants to see or believe!There is more than one way to skin a snake.
Not only price can hurt you... Time can hurt you too!
How about some up and down action for 3 to 5 years that goes no where? Like shacking the Jar and angering the ants so that they loose faith and confidence, so when the rally really actually starts they won't believe it!
Maybe it got to easy to buy and hold for 2 to 3 years and sell? If you are a hodler for long term, then this should not affect you and you should just keep buying. It actually should be viewed as a gift as prices will come back to low prices for stacking.
In this chart I'm hitting two birds with one stone as I Have added Silver, Gold, S&P500, Nasdaq and the Dow Jones. Why? so we can see how Bitcoin has interacted with these 5 other markets. By taking a glance at them, It is very clear to see that all of these markets have had affect on Bitcoin in one way or another.
This is not to be taken as written in stone and non of the prices or moves are literal and just examples. The point is a long term zig zag pattern and staying range bound to shake out the greed and impatient or weak hands. How about life happening and being forced to sell although you have no intent too? The more that time passes in bad times the likely you'll be forced to sell to stay a float.
Nothing has changed in bitcoin network, in fact it keeps getting stronger and healthier but a pause in price could be healthy in the bigger picture.
So what happens from here? We just stack for 5 years and watch it bounce in between the Nasdaq and Dow? Well, yes and no. There could be other altcoins that run fairly hard during this time period. For example, Ethereum and Ethereum based tokens. Gold and Silver could go on a run. Also narratives could change on a dime. Truth is... no one knows, you just have to keep and ear to the street and pay attention. Don't get caught 1 step behind.
Without a doubt, it's a great time to stack!! No one can argue that.
Thanks for viewing
WeAreSat0shi
Have a blessed new year!
Is something wrong? The halving come early?We are looking at a chart of bitcoins entire history against the stock to flow. The stock to flow is the orange line that price action tends to follow. The green line on the lower part of the chart with the what looks like speed bumps in is the deviation of the stock to flow. Well, the deviation in the past has made moves higher almost precisely the halving. Yet here we are over a year away from the halving and it's signaling something. What is it saying? or could it possible be broken? or is there another underlying issue?
Let's take a look.
First off the stock to flow is sitting right at 52.6k and right now and the price of bitcoin is at roughly 16k. This is the biggest deviation from the stock to flow it has ever had in a bear market. The price now is so detached from the S2F that it could be literally telling us that bitcoin could be as cheap to by right now as it is right before a halving. This is all backed up by the RSI indicator on the bottom that is showing us bitcoin has never been this over sold on the monthly ever before. OK, BUT WHY? why is it so cheap right now? Good old fashioned fear could be the answer. Or is there something else wrong? Is it something nefarious?
Only time will really tell the answer to that. From what I see , I think we are waaay over sold,
so much that the S2F has deviated more than ever and the RSI says the same thing. So does this mean the bottom is in and we won' t go lower ? No, we actually can go lower, What it could mean is that this a very rare anomaly that might just might never happen again. It could be the norm in bitcoins future as it grows. Or it could be the buy of a lifetime and could explode higher in the weeks. One this for sure... it's a damn good time to buy.
Legend
S2F Model Value
S2F Bands Deviation
RSI
let me know what you think in the comments below
Thanks for looking
WeAreSat0shi
Stay Blessed!
The RSI is also the most oversold
Bitcoin Bear Market Bull flagsHi Investors/traders
Today I'm looking at the 2 week chart of BTC on a line chart. We are comparing the bear markets with a bull flag out look. Although they are NOT technical bull flags they bare some similarities with the support and resistance areas along with false breakouts. We will go over false break outs and they usually mean and result in.
There are only two indicators in this chart although one is turned off for the purpose of clarity and keeping the chart clean. The one not visible is the (Bitcoin Fibonacci Log Regression) and the (CM_Ult_MacD_MTF) it is basically the MACD with different colors, a line that marks the zero and dots to mark crosses.
As we can clearly see the 2 week MacD has had an upward cross which has historically marked the bottom was in and momentum is slowly being gained on the upside. This should tell you the fight to battle resistance zones has already begun.
False breakouts whether they are on the upside or downside act the same way. As we can see in 2018 Bitcoin was in a down ward trading channel (Bull Flag) and broke out of it on the downside, it then recovered back into the channel, which is a bullish move as we can see the result was a fairly substantial run afterwards.
Last year Bitcoin did the same thing but opposite. It broke out of the channel but to the upside this time, then falling back into the channel again proving to be a false breakout. This is a very bearish move, But when does is it end? Well, no one knows, probably not the answer you're looking for. Clues for the answer to this question In my experience are in the indicators. One powerful indicator is the MACD, especially on the 2 week. The RSI as well is a very powerful indicator although not in this chart is showing a bullish divergence. Also a third indicator that is very powerful is the Stochastic RSI, which itself is also showing momentum is on the rise as well. Does this mean BTC will flip bullish any moment? No. Does it mean we will not go lower? No. There is no 100% guarantee, only risk management. Historically what we can see here is that it has been a very good time to buy and a reversal would come in the next few weeks or months.
I have two possible targets on this chart, why? First off no knows the actual future of anything. The only thing we can do is use educated guesses. By looking at at history, and using indicators, we can try to plot how the future could happen. After that we just follow a and see where it goes. So, the possible targets.... If you believe in manipulation of outcomes, (covid) being one and the addition of (leverage trading) and (Derivatives). I see people arguing that it affected the price of BTC, the crypto market and caused anomalies. Anomalies always happen, like we said earlier there is no certainty. However, one action begets and equal opposite reaction. so, it there is any truth to these things they will eventually correct one way or another. The only thing we can go by are the facts, the facts are BTC had a bull run, it then pulled back, then it had a false breakout, that then lead to the collapsed, and now is showing that momentum is flipping to upwards again. You could say this is all just junk information, but by comparing it to the stock to flow we can see there is something to it. I have stock to flow comparison charts as well.
Another thing to be aware of is that BTC as of the FTX debacle, is now untethered from the stock market. What does that mean? I don't know. For how long or permanent? I don't know.
Yes, Bitcoins moves throughout it's history have been mirrored to stocks.
I want to add that a break and close below 13.7k is not a good thing and it's not a buy in my opinion. I think a close under 13.7k will eventually lead to a bigger collapse to at least 3k and would take years and years to recover. I do have this scenario in the chart as well, however I don't expect it at this point in time. I'm not saying that the price can't go below and quickly recover, I'm saying if it does go below and does not quickly recover, than there are most likely bigger problems in the market.
Time will answer these questions from above. I think within 6 months a lot of these questions will be answered. So sit tight and let's see.
Thank you for looking
leave questions or comments below
WeAreSat0shi
Surprise Mothafuqueurs!!!This is the dip! If you wait, you might fomo at 50k. Fomo is a hell of a thing.
Hash ribbons already printed a buy weeks back.
NVT Is now preparing for the meal to come. The feast on FIAT will be glorious especially while the bears sit and watch. Not the Chicago Bears but the bear market blues drummers. They're going to starve this winter as the summer was not bountiful and hibernation will tough.
The key word is SURPRISE. It won't be a smooth ride up.
Not financial advice.
Bitcoin: The Bottom of the Bear MarketThis isn't exactly a new idea, but an updated visualisation of what I think the bitcoin price will do in the next three years.
It's been over a year since the peak at $69,000 and we're at the bottom of the power law corridor. It's reasonable to think that the bottom is in, or that we are close to the bottom, but that doesn't mean we are going straight to the moon immediately. After the last two bear markets, the price retraced back to between the 0,786 and 0,618 fibonaccci levels, which is also where the last two halvings happened. If that happens again it means the price will be between $40,000 and $50,000 on the next halving (assuming we don't go much lower than $15,000). The next halving is expected to be around april 2024. After that we can expect the next bull run to begin. Where the peak will be is anyone's guess, but I think it will be somewhere between $100,000 and $500,000.
It wouldn't surprise me if it turns out to be $420,000 just for the meme.
Bitcoin Price Analysis 1h TimeframeHello traders!
Hope this message finds you in high spirits! 🌟 We're here to share some analysis of Bitcoin price action.
Guess what? Our charts are painting a pretty picture – Bitcoin is gearing up for a breakout from a nifty triangle shape on the 1-hour timeframe .
🚀 Now, who doesn't love a good breakout story?
Keep your eyes on the prize because our suggested resistance levels at $45,400 and $45,930 could be your ticket to the gains party.
Of course, we've got your back with support levels too! If the market decides to throw a curveball, we've identified sturdy support at $42,780 and $42,200. Safety first, right?
Now, let's talk indicators. Our buddies, EMA and MA crossover, are whispering sweet bullish tunes in our ears. It's like the market's way of saying, "Hey, good times are coming!"
Remember, trading is an art – and science – so always have a game plan. Manage those risks like a pro!
Questions or just want to chat about your favorite altcoin? We're all ears! Your success is our success. 💪
Happy trading and cheers to those green candles!
Warm wishes,
The Vestinda TradingView!
BTC → Bitcoin Sell-off at $45,800! Time to Short? Let's Answer.Bitcoin made it to the measured move target at $45,800 which was followed by a massive 11% sell-off in the course of an hour. This is the second major sell-off at these levels in under a month. Is this the opportune time to short?
How do we trade this? 🤔
We have several data points in favor of a short. We've completed a Measured Move, three legs up in a bull trend, two massive sell-offs (8% and 11%) in under a month at the major resistance level of $46,000 and an RSI under its Moving Average. I also have my Bitcoin Lifetime Analysis which describes in far more detail, why we need a massive pullback before we see new all-time highs:
We need to wait for a 4HR candle to close below its 200EMA or a Daily candle to close below its 30EMA. You could argue its reasonable to short now, but we lack confirmation, so the probability of profit is lower at this stage. I prefer more probability in my trades.
💡 Trade Idea 💡
Short Entry: $42,600
🟥 Stop Loss: $46,900
✅ Take Profit: $38,300
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Measured Move Complete!
2. Two Sell-offs near the $45,000 area
3. Three Legs Up in a Bull Channel
4. RSI at 52.00 and below Moving Average, Bias to Short.
5. Wait for Final Sell signal, Short 1:1 Risk/Reward.
💰 Trading Tip 💰
There is over a 60% chance of a measured move after the breakout of a major resistance, normally, a trading range. That means the distance from the trading range resistance, to the top of the breakout, will happen again above the top of the breakout.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
$52k #BTC Rally - Bull TrapThis rally could be a MASSIVE BULL TRAP.
Lets hope BTC flexes out of the trend line to the 1.618FIB ($50k - $52k) Mark.
- Retail FOMO: $32k (wave 4)
- Massive FUD about crypto and markets tanking past/this week. (BULLISH)
- The market has been in the dumps, and the bears have done their job, $10k BTC! (BULLISH)
- $24k Retest (200MA) before the the BTC Halvening.
Why are you sitting on your hands?There are numerous indicators screaming buy for the last 4 months. we are in the best buy zone of our time RIGHT NOW!!. The evidence is over whelming that the bottom is in!!! Why are you waiting? Why are you listening to the news? is it different this time? Not really.
In previous history by the time the lower BLUE band flashed the CM ADX the bear market was ending . so lowered prices preceded the blue. This time was different... what?? yes it was. the BLUE flashed and then the price followed, however the stochastics are CM MACD is about to cross up and this is a bullish indicator. One other trend is this blue buy zone is getting smaller every time it happens.
The bear market looks like it will be ending by March/April of 2023.
Thanks for looking
comments and questions down below.
Protesting Your Acquiescence!Stop denying the facts!
Your acquiescence is just fear, conquer it and you will see and think clearly!
The bottom is in, everything you need is right in front of you!
Come, March with me into April and beyond. REMEMBER, WE ARE SATOSHI!!
If you need help comment below.
*Look first, then jump. Tradingview.com*