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BITCOIN Pay attention to VIX. Big gap upwards for BTC.On today's analysis we compare Bitcoin (BTCUSD) to the Volatility Index (VIX) on the 1W time-frame. An often neglected instrument, which measures the market volatility (decline = risk on conditions, increase = tension), VIX has been trading within a Channel Down for the past 12 months. Almost for the same period of time, BTC has been trading within a Channel Up, showcasing the negative correlation of the two instruments, as a decline on VIX favors investment on risky assets. Naturally, if this trend continues on VIX, Bitcoin should extend its Channel Up. Even more so, we can notice a big divergence in the past 3 weeks, with VIX on 3 red candles having tested the June - July Support Zone, while BTC is on 3 flat red ones at the bottom of its Channel and June Support Zone. As you can see the gap to fil is almost a respectable $5000. But what do you think? Will it catch up to VIX and even more so break higher, if the Volatility Index declines on new Lows? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
8
BITCOIN The importance of the 1W MA50 for reaching $250k.Bitcoin (BTCUSD) remains under heavy bearish pressure for almost 2 months, making market participants anxious to say the least. In times like this, it is always best not to lose sight of the bigger picture and look for clues on the wider time-frames. This chart is on the 1W time-frame and illustrates a very unique pattern that splits BTC's historic price action into 4 phases that can potentially not only reveal the next cyclical Top but also give us an idea whether the recent correction can endanger the new Bull Cycle or not. This is practically the framework of a previous study we've conducted but we some new updates. ** The Two Phases ** As you see, the Cycles are divided into Bear-to-Bear (blue) and Bull (green) Phases. The Bear-to-Bear begins at the start of the Bear Cycle and ends at the bottom of the next Bear Cycle. The Bull Phase starts on that bottom and ends at the top before the Bear begins. We are currently on the new Bull Phase, which in accordance to the previous Bull Phase, the price is pulling back (ellipse shape) through consolidation towards the 1W MA50 (blue trend-line) that is technically the long-term Support during this part of the Cycle. The 1W RSI has been pulling back after turning overbought since April, similar to what happened on December 14 2015. It is easy to understand that the 1W MA50 is the most critical Support right now as it never broke downwards during the previous Bull Phase. Technically we have to assume that as long as it holds, BTC remains on a long-term bullish trend. ** The RSI symmetry ** The 1W RSI is particularly helpful when it comes to mapping those Phases and identifying identical spots in time, as the symmetry between Phases is astounding. The Cycle Top is easily revealed by the RSI, followed by Lower Highs that drive it to an oversold state, where investors can start buying again. Another distinct characteristic is the Overbought Volatility of the RSI as the price rises within its Bull Phase. Technically the RSI remains on a bullish trend as it just hit this week the Higher Lows trend-line that started after its bottom. This is again a similar behavioral pattern as with the previous Bull Phase and the Higher Lows test in February 2016. If the 1W MA50 is indeed the long-term Support again, then we should see the 1W RSI bouncing now on this Higher Lows trend-line and approach the overbought territory by the end of the year. ** The Cyclical Pivot ** What is perhaps the most important part of this cheat-sheet, is the Cyclical Pivot trend-line. That starts at the bottom of the Bear-to-Bear Phase, supports all the way and then gets broken near the start of the Bull Phase. The key attribute is that when BTC hit it again on December 11 2017, the Bull Phase's Top was formed. As a result, we can argue that when BTC hits the new Cyclical Pivot trend-line again, we could have the new cyclical Top. ** The Fibonacci Time levels and Halvings ** Since the Phases appear to be getting longer, we can use metrics that incorporate this sense of proportionality, such as the Fibonacci Time Zones. The first Bull Phase peaked just after Fib Time extension 1.8. Halving 1 was a little before the middle (Fib 0.5) of the Bear-to-Bear Phase, while Halving 2 was at the middle of the Bull Phase. On the last Bear-to-Bear Phase, Halving 3 was almost on its middle. If the nw Bull Phase extends as long as Fib 1.8, then Halving 4 will also fall exactly on its middle. Indeed an interesting symmetry, a behavioral pattern that BTC often follows. We can expect the new Bull Phase to last up to 187 weeks (1309) days, which is where the 1.8 Fibonacci Time extension is. If so then it is possible to hit the Cyclical Pivot trend-line at a price of $400k by January 2026. If it is as long as the previous Bull Phase, i.e. at least 152 weeks (1064 days), then by that time a technical contact with the Cyclical Pivot can be at around $250k. That's at least how the model develops itself so far, but what do you think? Can the 1W MA50 hold and lead BTC to at least a $250000 new Top? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
4
BITCOIN Needs to break the 1W MA100 to confirm bullish extensionBitcoin (BTCUSD) is rebounding after hitting the 1M MA50 (blue trend-line) for the first time since the June 12 1W candle, which provided a rise. Technically on the 1W time-frame, the trend has been neutral basically with the 1W MA50 (blue trend-line) supporting and the 1W MA100 (green trend-line) as the Resistance, having the July 10 rejection. In fact, the 1W MA100 has been unbroken ever since the May 02 2022 bearish break-out that started the final and more aggressive decline of the Bear Cycle. If BTC reclaims it, technically it should turn into Support until the next Bear Cycle. At the same time the price continues to respect the 1M Support/ Resistance Zones, which is part of an analysis we conducted in June. The Resistance Zone (red), was previously a Support in 2022 having closed all 1M candles up to April 2022 above it, despite some large wicks that broke much lower but where bought back aggressively in the end. That Support Zone is now the new Resistance Zone, in a similar way as the Resistance Zone of July - August 2022 (green) is now the new Support. The 1W MA50 is within that Support Zone, in a similar way the 1W MA100 is trading within the Resistance Zone. All this while the 1W RSI is within a Channel DOwn since it hit the 70.00 Overbought barrier on April 10 but is close to the Higher Lows trend-line of June 2022, which is the current Cycle's Support. As a result, the price is currently within a huge Neutral Zone that although based on the 1M candles closings, a 1W candle closing above the 1W MA100, will be the first bullish break-out signal towards 45900 - 48500, which is the next Resistance Zone ahead and our medium-term target. But what do you think? Will Bitcoin break above the 1W MA100 (Resistance) or the 1W MA50 (Support)? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
7
BITCOIN Grayscale prevails against SEC! Ready for +30% rally?Bitcoin (BTCUSD) is already more than +5% for the day after Grayscale prevailed against the U.S. SEC in a historic ruling over the conversion of the Grayscale Bitcoin Trust to a spot Bitcoin ETF in a lawsuit. This legal win could be a pivotal step towards having the first ever spot Bitcoin ETF authorized in the United States. Technically the price reclaimed the 1D MA200 (orange trend-line) with ease after breaking below it 12 days ago. A 1D candle closing above it would confirm this sentiment. After all, the August 22 low was exactly at the bottom of the 5-month Channel Up, making a Higher Low sequence. On top of that, the 1D MACD just completed a Bullish Cross, the 4th such formation these months. As a result, BTC has both the fundamental and technical backing for a new medium-term rally. The previous two rallies to a Higher High have been around +29% so we are expecting at least $32500. Interestingly enough they both took only (around) 30 days to be completed since their bottoms (Higher Lows). But what do you think? Is this the start of a new +30% rally for Bitcoin or just a fake-out move based on news? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸
CRYPTO:BTCUSDLong
by TradingShot
6
Bitcoin is getting Ready to Break the 🟢Support Zone🟢(15Min)💡After coming below the Resistance Line , Bitcoin violated the scenario of re-attacking the 🔴 Resistance Zone($26,980-$26,350) 🔴. 📎Bitcoin has formed a Descending Channel in the last few hours. 🌊In terms of the structure of Elliott waves , Bitcoin is completing its 5 descending waves inside the descending channel so that the 3rd wave was completed in the lower line of the descending channel. 🌊Bitcoin is currently completing wave 4 . 🌊Most likely, wave 4 will be completed in 🟡 Price Reversal Zone(PRZ) 🟡. 🔔I expect wave 5 to be completed below the 🟢 support zone($25,870-$25,720) 🟢. 📚 Educational Tip : When wave is extended, wave 1 and wave 5 tend toward size equality ( 100% ) or 61.8% relation. 📚 Educational Tip : Since the structure of wave 2 was simple ( Zigzag ), we can expect the structure of waves in wave 4 to be Complex or Triangle (time break). -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Whales and Sharks Accumulated $300 Million in BTC Since the Mid-August Crypto Crash. Bitcoin (BTC) Should Hit $135,000 After Halving, Says Pantera Capital. Bitfinex Turkey offers zero-cost deposits via local banking giant. Ripple Emerges Among Top 100 Companies That Care About Employees. 🌐➖ Negative News ➖🌐: Bitcoin (BTC) Will Crash Like the Stock Market in 1930, Bloomberg Analyst Predicts. -------------------------------------------------------------------------------- Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
59
BITCOIN Can it hit $50000 by the end of the year?This Bitcoin (BTCUSD) study is centered around the MACD Bullish Cross that took place on the 1M time-frame two months ago. Since 2014, the 1M MACD has formed a Bullish Cross another 3 times. In all cases the 0.786 Fibonacci retracement level was hit either before (only time the June 2019 Libra hype) or after. At the same time, the Symmetrical Support level from the last Lower High of the Bear Cycle held and closed all 1M candles above it (exception of course is the Black Swan non-technical irregularity of the COVID flash crash on March 2020). This is the position that the recent price decline has brought us to, testing that Symmetrical Support, which has held twice already in June and May 2023. The situation is more like the December 2015 1M MACD Bullish Cross, which took 6 months until it reached the 0.786 Fibonacci level. This time range is completed in 4 months, which means that by December 2023 BTC can reach the 0.786 Fib, which is at $50000. So do you think that this Bullish Cross will have history repeated and make firstly the Symmetrical Support to close the month above it and secondly that the price will reach $50k by the end of the year? Is this the final red monthly candle before a relentless rally? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸
CRYPTO:BTCUSDLong
by TradingShot
25
⚔️Bitcoin is ready to attack the Resistance Line⚔️(15-min)🏃‍♂️After decreasing a few hours ago, Bitcoin is again close to the Resistance Line . 🌊In terms of Elliott wave structure , Bitcoin has completed five impulse waves and is currently completing corrective waves . 🌊It seems that the structure of the corrective waves is of the type of Expanding Flat(ABC/3-3-5) . 🔔I expect Bitcoin to start going up from one 🟡 Price Reversal Zone(PRZ) 🟡, break the Resistance Line , and reach the 🔴 Resistance Zone 🔴. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Bitcoin difficulty jumps 6% to a new peak as miners ignore the BTC price dip. Bitcoin (BTC) May See Another Big Obstacle: Bloomberg's Mike McGlone 🌐➖ Negative News ➖🌐: FBI: North Korean hackers may be looking to sell $40 million worth of Bitcoin. Nearly 90% of Bitcoin Short-Term Holders Are Underwater, Onchain Data Show. -------------------------------------------------------------------------------- Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
76
BITCOIN Not many opportunities to buy it at a better discount.Bitcoin (BTCUSD) had a noticeable correction recently, bringing the price back to mid-June levels and spreading fear across the market. This effect isn't however until we zoom out to the larger time-frames (1W on the current study) and the multi-year Cycles that we realize that this is a natural technical phenomenon, an early Bull Cycle correction after the first rally of the new Bull market. As you can see we compare today to where the price was in 2019, 2015 and 2012 all 238 days before the Halvings of their respective Cycles, which is how long away we are currently (238 days/ 34 weeks) from Halving 4 (estimated in April 2024). In 2012 and 2015, the price was within the 0.618 and 0.786 Fibonacci retracement level, same as today. The exception is 2019 when the price was considerably above that zone, mainly due to the sheer aggressive nature of the 2019 rally. However the correction that followed was equally strong as (even excluding the COVID crash), the price scratched the top of the 0.618 Fib. As a result, we can argue that BTC is exactly where it is supposed to be during that respective phase of the Cycle, based on its historic cyclical activity. This doesn't mean that it can't fall some more, but most likely there won't be many opportunities to buy it at a better discount. Do you think that's the case or are you waiting for a (much) lower price to buy? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸
CRYPTO:BTCUSDLong
by TradingShot
15
Bitcoin scalping ideaBINANCE:BTCUSDT.P Possible Targets and explanation idea ➡️We got Daily FVG marked with levels ➡️On 1H timeframe 3 main pools, 2 of them we swiped ➡️Walk from liquidity to another liquidity. now road to 27761 and 28701 ➡️ At this levels need to see price reaction from sellers. ➡️ If there is no reaction road to 35-48 possible in October till May 2024 if we take a look globally Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
Will BITCOIN continue its correction? Short trade #1Hello colleagues! We decided to present our thoughts on the cryptocurrency market in the form of trades! We will number all trades and after some time we will analyze all our trades and determine their effectiveness. How do you like this format? Write in the comments! Today, the price of BTC updated the local lows of August 1st. This happened at low trading volumes and without an aggressive reaction from buyers. In our previous idea , we indicated the critical point for the medium-term growth wave - this is 28710. This critical point was broken by the sellers, so it's time to see where to open a short position in BTC. A second. But we recently published a long trade on Bitcoin. How to combine it? Everything is very simple. Approximately in the range where we opened a long position, we plan to open a BTC short . If the stop order on the long position is triggered, we will receive a profit on the short position, which will pay off the loss of the long position and the profit will still remain. An identical situation will occur if a stop order on a short position is triggered. The logic of opening a short position: 1. Buyers did not hold the price in the range of $28900-29100 2. After the update of local minimums, buyers did not show their aggression. 3. BTC price growth during August 1-8 looked more like a correction after a falling wave. Entering a short position in BTC - Range 28900-29400. A retest of this range will confirm the weakness of buyers. The width of this range is due to increased volatility in the Bitcoin market. Stop loss is 29782. In our opinion, if the price of BTC reaches our stop order, then nothing will prevent buyers from continuing to grow and disrupt liquidity above 30500-31000 in the form of seller stop orders. The target is 26500-27200. Consolidation took place in this range during May - June, where the positions of buyers accumulated, which they will defend. So there is a chance of a bounce up. We allocate $5000 for this trade. In case of error, we lose $100. If the trade works out, we will receive $344. What do you think about this trade? We are waiting for you in the comments!
Short
by P_S_trade
42
Bitcoin is making the 🚩Contracting Triangle🚩(15-MIN)⏰🚩Bitcoin seems to be forming a Contracting Triangle . 🔔I expect point E of the Contracting Triangle to complete after the next Zigzag correction is completed, and then Bitcoin will start to fall to the lower line of the Contracting Triangle. -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Bitcoin’s Flash Crash to FWB:25K : Long-Term Holders Unfazed by Market Panic. PayPal Stablecoin PYUSD Trading Launches on Major US Exchange. Crypto Market Cap To $145 Trillion: Wall Street Analyst Says XRP Is The Coin To Hold. Oman Introduces a Crypto Mining Center Valued at $350 Million (Report). New asset manager Empowered Funds has filed to list three Bitcoin futures ETFs. Top UK university partners with AI startup to analyze the crypto market. Bitcoin (BTC), largest crypto, might be getting closer to 'last buying opportunity' before radical growth phase. 🌐➖ Negative News ➖🌐: ‘Disappointing’ ETF Decisions By SEC Blamed for Bitcoin Selloff. Vitalik Buterin stirs market uncertainty with $1M Ethereum transfer to Coinbase. Deleted tweet indicated suspension of EUR transactions via SEPA system. Heavy short position by Michael Burry on S&P500 and NASDAQ. -------------------------------------------------------------------------------- Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
9
Bitcoin could rebound, but I'm not very optimistic After almost 2 months of consolidation, Bitcoin dropped hard last week breaking under the channel's trend line support. In my opinion, this break is very important and signals a top at around 30k and the resumption of the long-term downtrend that started 2 years ago. Technically speaking, at this moment the price is above horizontal 25000-25500 zone support and a rebound could follow. This rise should be viewed as an opportunity to sell in anticipation of a break under 25k with a target of around 21k. Only the price back above 30k would negate this strongly bearish structure
BITSTAMP:BTCUSDShort
by Mihai_Iacob
28
BITCOIN First time on the 1D MA200 in 5 months. Disaster ahead?Bitcoin (BTCUSD) hit yesterday the 1D MA200 (orange trend-line) for the first time since the March 10 2023 Low and closed a 1D candle below it for the first time since January 12 2023. Can this be an early warning that the worse have yet to come? It certainly could, considering that the price also broke and closed below the Higher Low trend-line that started BTC's recovery from the Bear Cycle back in December 2022. However the (massive) decline is so far contained within the March Channel Up. As long as it stays above the Channel's bottom, we expect a short-term (at least) rebound to test the 1D MA50 (blue trend-line) at 28800. Below it, we expect the 1W MA50 (red trend-line) to be tested at 24000. In addition, the 1D RSI hit the 20.45 Support level (massively oversold) that was formed on the bottom of June 18 2022. But a weekly candle closing below the 1W MA50 could be catastrophic and reverse the long-term trend to bearish again. Do you think that's the case? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
14
BITCOIN The secret buy based on the GOLD/SPX ratio!This is not the first time we post this analysis but it as it starts to get increasingly relevant again, we thought it would be the perfect timing to refresh your memory. As you can see we are on the 1W time-frame, charting Bitcoin (BTCUSD) against the GOLD/SPX ratio(blue trend-line). The conclusion that this comparison offers can be very valuable. When the GOLD/SPX ratio peaks and starts pulling back, Bitcoin starts the Parabolic Rally of its Bull Cycle. At the moment the GOLD/SPX ratio is at the bottom of a Channel Up similar to 2018 - 2019. When the ratio broke that Channel to the upside, it peaked as in February 2016 and started to decline. At the same time Bitcoin kick started its Parabolic Rally. Will you be on the look-out for such a spike and then buy or buying now is as good as any? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
8
BITCOIN This is the last barrier standing before going parabolicBack in May we first showed on this channel the unique Bullish Cross that the KST indicator was about to make and how the previous three clear (July 2020, January 2016 and June 2013), all have kickstarted major Parabolic Rallies. The Bullish Cross was completed in late May, BTC rose again in June on a new yearly High but failed again to break above its 3W MA50 (blue trend-line). This is the last Resistance standing on a Cyclical basis as in the previous Cycles once the 3W MA50 broke, it turned into Support (exception of course the COVID flash crash in March 2020) that guided the price into the Bull Cycle's final parabolic rally. But what do you think? Is the MA50 the last barrier for Bitcoin before turning it into Support and breaking out parabolically? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸
INDEX:BTCUSDLong
by TradingShot
23
BITCOIN rally starting and next Top expected at least $200k!Bitcoin (BTCUSD) has made a 1D Double Bottom and seems to have priced the final low before a new rally that will take it to a new yearly high. The price is already on a 15 day high and it is an excellent time now to look at potential highs for this Cycle. As we've done in the past, we will rely on the long-term time-frames for a more meaningful illustration of BTC's historic Cycles. Those are patterns that have repeated themselves over and over again, with some variations of course based on the current market conditions. ** The Fibonacci Channels ** Right now the price is above the 1W MA50 (blue trend-line), on a 8-month rally that hasn't been anything like short-term Bear Cycle rallies. The previous Cycles topped near Fibonacci trend-lines of prior Cycle Channels. For example the December 2017 Cycle Top was formed just below the bottom (Fib 0.0) of the orange Fibonacci Channel that started from the previous Cycle bottom. The November 2021 Top was formed just below the middle (Fib 0.5) of the blue Fibonacci Channel. This could be a +0.5 Fib progression and in that case the Top of the current Cycle might be just below the top (Fib 1.0) of the black Fibonacci Channel that started on the December 2018 bottom. ** The Halvings and $200k ** The 1.0 Fib at the time of (the next) Halving 4 (April 2024) will be above $200000, and as we know after each Halving, Bitcoin posts the most aggressive (parabolic) rally of the Bull Cycle. So that leads us to assume that the Top of the current Bull Cycle will be at least $200k. To give a relative sense of pathing, we have plotted the 'post Halving rallies' of the previous three Cycles on the current Channel starting on Halving 4. Do you think that we will see $200k by 2025 Q3? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
30
BITCOIN 3D Golden Cross just formed! Road to ATH begins!Bitcoin (BTCUSD) just completed a new Golden Cross pattern, this time on the 3D chart. Naturally the price is trading above both the 3D MA50 (blue trend-line) and 3D MA200 (orange trend-line). In the previous 2 Cycles, once the Cross took place, the 3D MA200 turned into a Support (technical exception of course is March 2020 and the COVID crash, which is though a Black Swan event, the price would have continued upwards if it wasn't for that). With the 3D MA50 guiding the price, the next stop for the uptrend that started was the All Time High (ATH). Due to the Libra euphoria and other positive fundamentals regarding adoption that delivered the 2019 3D Golden Cross faster, it took BTC around 100 days more to reach the ATH in 2020. It could be a fair estimate that Bitcoin would have reached the current ATH ($69000) by around this time next year. But what do you think? Is this final Golden Cross the ticket to a new ATH? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
23
BITCOIN volume is decreasing, yet price is rising. What to do?Bitcoin (BTCUSD) has been extending its recovery since late November, following the FTX crash but is doing so on a Decreasing Volume. In fact the volume is currently on historically low levels. Decreasing volume is associated with easy price manipulation and rightly so it is getting a lot of market participants worried as during rallies it tends to make the trend fragile. ** Decreasing volume in previous Cycles ** A simple look however, at past Bull Cycles is enough to provide a good understanding of the current situation. This chart (4D time-frame) shows that there was Decreasing Volume following all previous major market bottoms, especially in times of extreme capitulation such as the March 2020 COVID crash, or the August 2015 Bitfinex crash. With the FTX crash in early November 2022 being such a capitulation even, there should be no surprise that the volume has been decreasing ever since. BTC however has doubled since then, indicating that this whole period has been nothing but another Accumulation Phase for smart money near the bottom of the Bull Cycle. We can strongly claim that this is a standard post-bottm Cycle rally. ** The Vortex Gap ** Besides this correlation, you may also have a look at the Vortex Indicator. Every time the Decreasing Volume leads to a Low, the VI- (red) crosses below the VI+ (blue) and opens the gap. A VI- hitting 0.5000 has historically happened when BTC made a Higher High within the new Bull Cycle. Right now it is still only at 0.9100, potentially indicating that there is significant potential for a deep Higher High. But what do you think? Are you worried about this decreasing volume while the price has been rising or agree with the historic modle that this is common after Cycle bottoms? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
13
BITCOIN Amazing historic symmetry targeting $49000 in NovemberThis is a break-through analysis on Bitcoin (BTCUSD) on the 1W time-frame that we posted a while ago but couldn't look more relevant today and can accurately explain the low consolidation of the last few weeks. It compares the current Cycle with that of 2014 - 2017. ** Amazing Cycle symmetry justifies current consolidation ** As you see there is so far an astonishing symmetry between the two, with the current price consolidation, after almost hitting the 0.5 Fibonacci retracement level, resembling that of late February - early April 2016. For the Fibonacci calculations we have used the price top and bottom as suggested by the 1W RSI, which is the backbone of the analysis. This indicates that the Cycle Top (on RSI terms) was on the week of April 12 2021 (and not Nov 08 2021) while the Cycle Bottom was on the week of June 13 2022 (and not in November 2022, which was in the aftermath of the FTX crash). ** The Phases of the Cycle ** So far the three Phases have lasted almost the same time. We are now half-way through Phase 4 (green), which in 2016 lasted for 28 weeks and on its end hit the 0.786 Fibonacci level. As a result, this is a highly probable target, with the 0.786 Fib being at $49000 and the 28 week span ends on November 13 2023. See how similar the 1W RSI fractals are between the two, forming a Triangle pattern with top and bottom on the exact same values. ** Halving, 1W MA50 and conclusion ** Basically Phase 4 is the first bullish attempt of BTC within the new Bull Cycle, after Phase 3 (yellow) which is the bottom of the Bear Cycle and the first Accumulation period. Phase 4 is essentially the prologue of the market before the parabolic rally and the introduction to the Halving event. The next Halving is expected in April 2024. Based on this symmetry that is holding very strongly so far, BTC should have hit at least $49000 by then. We need to point out that from Phase 4 onwards, the 1W MA50 (blue trend-line) has turned into the Bull Cycles absolute Support level. Pull-backs near it are technically strong buy opportunities. With the price having almost filled the 0.5 Fibonacci gap, do you think BTC will finish Phase 4 in a strong fashion and hit $49000 and the 0.786 level? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
14
BITCOIN Holding key Cycle Support, preparing for 35k and 43k!Bitcoin (BTCUSD) is above the 0.5 Fibonacci Lower Lows trend-line that provided Support numerous times during the previous Cycle but when it finally closed a 1W candle below it (June 06 2022) it started the final bearish sequence. Currently this is very positive for the upside's chances as the price has cleared the 0.5 Fib for more than a month and is currently on the 0 Fib level that closed all 1W candles above it from May 17 2021 to June 28 2021. BTC has managed to close above that for 5 straight week and if it repeats that again, we can see the final two bullish waves to 35000 and 43000 taking place. The key factor for such a price rally is the Higher Lows trend-line since the market bottom which is holding, while the 1W MA50 (blue trend-line) hasn't been re-tested in more than 4 months. In fact, trading below the 1W MA50 was the majority of the Bear Cycle's price action (red arc). Since the closing above it 4 months ago we can argue that this is how the Bull Cycle's price action will unfold (green arc). So do you think that the 0.0 Fib will give Bitcoin the necessary push for the 35k and 43k levels? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
10
BITCOIN Our China bonds ratio is giving a huge buy signalIt is not the first time we look into how the Chinese bonds (with our unique CN02Y/CN20Y ratio displayed by the blue trend-line) affect Bitcoin's (BTCUSD) Cycles: With the addition of the Sine Waves to better illustrate the Cyclical behavior of the bond yields ratio, we can see that it matches almost perfectly BTC's Cycles. Every time it bottoms, BTC bottom as well and start a cyclical rally. Additionally, you can see that the ratio has been on a Channel Down for the past 10 years, supporting the bullish expansion on Bitcoin. At the moment the ratio is pulling back in a similar fashion as March 2013, January 2017 and December 2019. On those occassions Bitcoin started a Parabolic Rally afterwords. Do you think we are that close to a huge buy signal as suggested by the Chinese bonds ratio? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
11