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BITCOIN What a real Recession could look like...Bitcoin (BTCUSD) has never faced an economic Recession. There is no real comparative metric as to how this new digital asset can behave during such an economic downturn. Looking back into S&P's recent Recessions (2000 Dotcom Bubble and 2007/08 Housing Crisis) could provide some basis as to how BTC could fare relative to the S&P500 index (SPX) during a Recession. This analysis is on the 1W time-frame and so far it appears that Bitcoin (orange trend-line) is strongly correlated to S&P500 (candles) during the 2022 Bear Cycle. The Dotcom Bubble caused a -50.50% drop on S&P while the Housing Crisis caused a -57.50%. The index has already dropped -27% from its All Time High. Relatively to the previous Recessions, I've marked the analogous level. If the more 'modest' scenario of -50.50% is materialized, the S&P500 looks at roughly 2400 for a bottom. Again there is no absolute formula to measure this but is Bitcoin stays correlated to the S&P in this scenario, it can reach levels around or even below the December 2018 low. Can this be a fair bottom if this turns out to be Bitcoin's first Recession? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPX
by TradingShot
3
Bitcoin - It's TIME ⌚ ...Time to Wait Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 I haven't made an update on BTC for a while because well, not much has changed since the last post. Currently trading in a tight range caused by a fight over control between bulls and bears, Bitcoin could really go either direction after the sideways trading. The sideways trading could also still continue for a while, at least until a clear direction is established. For now, the best thing to do - is to be patient and to wait. There are many altcoins presenting excellent opportunities, I'll be focused on those for now. (Check out our previous ideas to see which alts I am referring to). A really good strategy, is not to force a trade. If the markets are unclear, rather sit it out on the sideline and wait for a clear trading opportunity. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
BITSTAMP:BTCUSD
by CryptoCheck-
42
BITCOIN Close to invalidating the doomsday scenario!Bitcoin (BTCUSD) is having an impressive two-day bullish stretch as it is up +8.00% from yesterday's Low. The first key development that this price action gave us is that it broke above the Lower Highs trend-line that started on the August 15 High and as we mentioned 2 weeks ago on the following post, was dictating the pace of this corrective wave: Now the price broke above even the 20600 Symmetrical Resistance and is about to test the 1D MA100 (green trend-line) for the first time since September 13. This alone is a major buy signal. ** The Doomsday Scenario ** What is perhaps the most important outcome of this 2-day rise, is that Bitcoin diverged from the bearish pattern of the 2018/19 Bear Cycle (black trend-line) that was what we called the 'Doomsday Scenario' as it suggested that the price action since the mid-June 2022 Low was a sideways movement similar to July - November 2019 that eventually led to the final Bear Cycle flush that formed the mid-December 2018 Bottom. ** The 1D MA100 ** The chart on the right is the 2018/19 price action and the one on the left is the 2021/22 period. As you see, we've plotted the 2018/19 fractal on the 2022 sequence and up until yesterday's rise, the pattern were almost an exact match. If the current divergence closes the week above the 1D MA100, then most likely than not, the Doomsday Scenario is invalidated and BTC won't make a 2018 type collapse. ** The 1D RSI ** It is worth paying attention to the 1D RSI, which broke today its Lower Highs trend-line. The same Lower Highs break on February 08 2019, was followed with a break above the 1D MA100. After that, the 1D MA200 (orange trend-line) was hit in 5 weeks and a very aggressive rally started until late June 2019 that was supported by an unbroken 1D MA50 (blue trend-line). Do you think that Bitcoin's divergence from the 2018/19 fractal is an early signal that the Doomsday Scenario got invalidated and a closing above the 1D MA100 will confirm it? And if yes, will it start a similar 4 month rally? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
10
BITCOIN Can this pattern that has never failed before, fail?This chart represents Bitcoin (BTCUSD) on the 1W time-frame. With the price action sideways for a whole month, holding the 1W MA300 (red trend-line) as Support, comparisons with past Cycles in order to determine whether we've priced the bottom or not, are inevitable. The comparison of the current Bear Cycle to the past two, leaves us with one main impression: how similar they've been (so far). The 'so far' narrative may be coming to an end as the only thing that BTC has left to do to complete the full package of similarities is break above the 1W MA50 (blue trend-line). Apart from that, the 1W MA300 (as mentioned) is holding, which did in both previous Cycles and more importantly, the LMACD is past its Bullish Cross formed in late September and has started to open the gap and trend upwards. Notice how all LMACD crossed were formed while the MA50 crossed below the MA100 (green trend-line) to form a Bearish Cross and how the 1W RSI Historic Support Zone was once again respected. As you see during all Cycles, the RSI has bounced on that Support Zone right after Bitcoin formed its bottom. For a more accurate illustration of the comparison between all three Cycles, I have plotted the past two Bear Cycles (Grey = 2014/15 and Black = 2018/19) on the current one (Blue = 2021/22). The symmetry on the pattern followed is evident. The cyclical correlation tends to become stronger right before the Final Drop and straight after the bottom is formed. Then the Cycles diverge again as some are more aggressive than others (fundamentals involved). This graph shows that the current Cycle is lagging a bit as it has been consolidating for too long but still holds a tight resemblance especially with the 2014/15 Cycle. Does this mean that Bitcoin is ready to rebound hard towards the 1W MA50? What do you think? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
20
BITCOIN All bullish signals aligned but one last crucial remainsBitcoin (BTCUSD) has been consolidating throughout the whole month of October so far and as the short-term direction is neutral, it is useful to look again on the long-term charts to get a better understanding of where we might be at compared to previous Cycles. ** The 2W MA150 supporting ** This time I bring you this analysis on the 2W time-frame. Key points here to create a framework: The 2W MA150 (yellow trend-line) has made contact with the price and supported the Bear Cycle since the 2014/15 Bear Cycle. As you see the candles that have made contact so far are Jan 05 2015, Aug 17 2015, March 02 2020 and the current one. Basically this trend-line has been providing an almost flat Support since the crash of early June. ** The MA10 & MA50 ** It is common on both 2 previous Bear Cycles as well as the current one so far, that the price trades below the 2W MA10 (red trend-line), throughout the whole Cycle. In the past two, when it broke above it, a strong (initial) Bull Cycle rally took place. The 2W MA50 (blue trend-line) also plays its part. Every time the 2W MA10 crossed below the 2W MA50 (Bearish Cross), the market formed its Bottom. That happened on the recent price flush in June. When the opposite cross took place (MA10/MA50 Bullish Cross), Bitcoin had already confirmed the start of its new Bull Cycle. ** The final crucial signal that remains ** At the moment, the price has been practically stuck within the 2W MA10 and 2W MA150 since the mid-August High. A break above the 2W MA10 would be an early rally sign. In the past two Cycles, this MA10 break-out has coincided with the LMACD forming a Bullish Cross. Basically that tends to confirm the new Bull Cycle and we can claim that it is the final signal that remains. At the moment it would appear that BTC is a minimum of 2 months away from an LMACD Bullish Cross. However, it would be hard to imagine the price staying flat for such a long time but the RSI, as long as it stays on Higher Lows, shows that the price action can tolerate this. Do you think history will repeat itself and make Bitcoin rally with a break above the 2W MA10 and an LAMCD Bullish Cross? Or a break below the 2W MA150 will invalidate this cyclical pattern for good? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
26
Weekly Bitcoin Analysis: Can We Rule out More Breakdowns?Bitcoin was rejected by the resistance at $19,700. The bulls don’t appear powerful enough to rally. Any substantial movement in the crypto market does not appear likely unless there is a breakthrough on either side of the current range. Earlier this week, the SPX showed signs of a strong reversal which helped Bitcoin recover from the lows that it had formed at $18,100. However, this may not mean that the market has bottomed as the upper resistance has not yet been taken out. Therefore, a potential downside cannot be ruled out just yet. Bitcoin then went on to test the resistance at $19,700 as seen in the chart above. The resistance proved to be too strong for the bulls to flip. It indicates that the buying volume must increase before we see a promising breakout to help take Bitcoin above $20,000. If the upper range is broken, expect the coin to rally toward the next supply zone situated at $20,550. However, if the lower zone is broken, traders should steer clear of any long positions until the support at $18,500 is recaptured. At the time of writing, it is too early to say which side a breakout can be seen, hence, traders should wait for clear signs before taking any positions. For this reason, we will be maintaining a neutral outlook for this week! The major points of interest to watch out for are $18,500 and $19,700. For more expert analyses, check out our trading analysis section! (link in bio)
by CoinMarketCap
1
BITCOIN The Cyclical Bearish signal of the RSI*** *** For this particular analysis on Bitcoin we are using the BTCUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where Bitcoin ( BTCUSD ) is about to confirm or invalidate a very accurate signal provided by the RSI throughout the whole 2022. As you see, the RSI is currently supported on a Higher Lows trend-line that started on the September 06 Low. Throughout the year, when the RSI broke below similar Higher Lows structures, Bitcoin's price dropped sharply. What is even more interesting is that the previous two RSI break-outs happened exactly 64 days since the previous one. This is the first difference from that (otherwise) very consistent pattern: Bitcoin is currently 5 days past that 64 day strike level (October 15). This could be an early sign of a potential invalidation of this Cyclical pattern. I call it Cyclical because see how harmonically the Sine Waves guide the price action. But let's not draw the attention away from the RSI which is the key of this pattern. As long as it trades above the Higher Lows trend-line, the probabilities of invalidation get stronger. Perhaps for a pattern change a strike level can be used and this might be if the price closes above the 1D MA100 (green trend-line), which has been the Resistance since early April. If on the other hand, the RSI breaks below the Higher Lows trend-line, then the Cyclical Bearish pattern is confirmed and we should be expecting a considerably lower price. For comparison purposes I have plotted the previous three sharp drops (grey, yellow and blue trend-lines) after the RSI break-down on the current price action. Pick your poison in that case. By the way, the LMACD indicator also gives an early sell warning on this Cyclical pattern and that is when the histogram attempts to get narrower. We have started such a sequence in the past 10 days. So how useful do you think this RSI Cyclical pattern is? Do you think it will be confirmed for the 4th time in a row or invalidated above the 1D MA100 and practically establish the new Bull Cycle? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
17
Bitcoin needs to make a decisionIf we ignore the spikes above 20k and under 19k, Bitcoin was almost still in the past month. This type of price action is unusual considering its historic volatility and a break in one direction should happen sooner rather than later. My bias remains bearish with a valid break under 19k confirming this outlook. In such a case I expect acceleration to the downside and 15k round figure could provide soft target for bears. On the other hand, sustained buying above 20k could lead to a rise to 25k important resistance.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
35
Bitcoin Idea and Signal |UpdateBitcoin vs Tether Forecast and Signal | BTCUSD / BTCUSDT Bitcoin vs US Dollar ------------------------------ ✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ------------------------------ ✅ Please write any advice or suggestions. Dear friends request any cryptocurrency pair, currencies pair for forex, and any index you want to be analyzed, and ask any questions about chart analysis. Thanks for your attention
Long
by Arash-RK
1
BITCOIN The last stand for Bulls. Failure will be catastrophic!Bitcoin (BTCUSD) is getting at that point where, based on its previous two Cycles, will provide a decisive move in the next weeks, as presented to you on this 1W time-frame analysis. The three charts represent Bitcoin's three Bear Cycles: 2021/22, 2018/19 and 2014/15 as they appear from left to right. The LMACD indicator (logarithmic MACD) is what makes most of the difference at this point we are at, as in the past three weeks, it histogram has broken above the 0.00 level for the first time since March. With the Bullish Cross also taking place in October and the red histogram ascending, all this is consistent with the phases of the past Bear Cycles right after their Bottom and right before a rally to the 1W MA50 (blue trend-line) took place. The price hasn't yet broken above the 1W MA20 (orange trend-line) but the 1W MA50/100 Bearish Cross was formed last month and that was always past the Bottom of the previous Bear Cycles. As you see the 1W MA300 (red trend-line) was always the major Support during Bear Cycles. Do you expect a strong rebound towards the 1W MA50 in the coming weeks as per this Cycle Comparison Analysis or a closing deep below the 1W MA300 will unleash catastrophic consequences? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
24
BITCOIN: USD rejected on 2008 Resistance. Turning point for BTC?Following the CPI release this week, the 3rd straight month of decreasing numbers with potentially high implications on the USD, I thought it would be relevant to look at the U.S. Dollar Index (DXY) and how it's current state can affect Bitcoin (BTCUSD) relative to key turning points and correlations of the past. ** Bitcoin's Bull and Bear against the Dollar ** The chart on the top displays Bitcoin with the Green Channel being a Bull Phase, the Red Channel being a Bear Cycle and the Blue Rectangle predominantly an Accumulation Phase straight after the Bear Cycle where investors bought at a low price in preparation of the Bull Cycle. The chart on the bottom displays the Dollar Index with the Green Channel being a Rally Phase, the Red Channel a Decline Phase and the Blue Rectangle sideways movement/ consolidation. What is perhaps more critical on this 14 year chart, is the Higher Highs trend-line that started during the 2008 Housing Crisis and where DXY has been so far rejected 4 times, including the most recent hit on the weekly (1W) candle of September 26 2022. ** The 2008 Housing Crisis trend-line ** This trend-line is where the Dollar Rallies historically ended. What followed was either a consolidation phase or a decline. And as you see (and I am sure you are well aware of), the Dollar is negatively correlated with Bitcoin, meaning that (typically) when the USD trends towards one direction, Bitcoin trends towards the opposite. This is quite evident on this comparison chart. Red phases on the DXY are typically the Final Parabolic Rallies on BTC's Bull Cycles while Green phases on the DXY take place during BTC's Bear Cycles. ** Are we at a turning point? ** This is exactly where we are at now. The DXY has been on its strongest multi-month rally of recent times (Green) while Bitcoin is having its traditional Bear Cycle. With the DXY hitting its 2008 Higher Highs trend-line, the probability of a reversal gets stronger. The last two times the 2008 trend-line got hit, Bitcoin ended a Bear Cycle (January 2015) and started a Final Parabolic Rally (January 2017). As a result the probability of Bitcoin making a Bear Cycle bottom here increases. It is more likely to see an Accumulation Phase (blue) next as the Dollar tends to consolidate after such Rallies end. But what do you think? Will DXY stay below its 2008 Higher Highs trend-line and reverse, giving Bitcoin a bottom or it will break above it and invalidate this historic pattern, sending Bitcoin even lower and changing the narrative? Feel free to let me know in the comments section below! P.S. Snapshot of the chart below, in case it doesn't show up proportionally on your browser: ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
8
BITCOIN Today's CPI rebound may change the narrative.Bitcoin is rebounding massively on its September Support Zone following the CPI release despite a higher than expected reading. Being still lower than the previous month, the markets strong defense reaction on this Support level may change the bearish narrative of the past two months. The immediate Resistance level is the 1D MA50 (blue trend-line) but the difference maker will be a break or rejection on the August 14 Lower Highs trend-line and the 20600 Symmetrical Resistance, which as we mentioned on last week's analysis shown below, has rejected the price 5 times in just over a month: A break above this highly important Resistance Cluster, can set in motion bullish break-outs that can target the upper Fibonacci retracement levels one by one all the way towards the critical long-term 1D MA200 (orange trend-line) test. On the other hand a closing below the Support Zone, would probably be translated into a break below the 1W MA300, which has been holding since the June low. Below that level, 16000, 14000 even 12000 is possible before Bitcoin bottoms. Which scenario do you think will prevail? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BTCUSD
by TradingShot
25
Bitcoin is waiting for a trigger. Break down looks imminentBitcoin remains grossly bearish and if you look at the price with a bullish bias, all you have to do is turn the chart upside down. The price action in the past 3 months clearly suggests a continuation to the downside and all Bitcoin needs now is a trigger for the break of support. Although FOMC minutes yesterday proved to be a non-event, today's CPI could be a different story. After 3 months of consolidation, a break of support could lead to acceleration and a drop of 20-25% is very probable in such a case. I remain bearish as long as the price is under 22k.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
25
Bitcoin weekly ideaFrom the past few months we have been watching bitcoin, and the price is holding the support level of 18000 to 19000. This level is very important and is working as a strong support area. But for now the bulls are not able to push the price above 24000 which is acting as a resistance, BTC now hitting the support level of 18000 again and again and this might result in breaking of the support level and then reaching the price towards 12700 to 14000 range within few months.
Short
by AmitTrades
BITCOIN 2021 RSI fractal points lowerAs Bitcoin (BTCUSD) is struggling to break above the Lower Highs trend-line that started after its November 2021 All Time High (ATH), the RSI on the 1D time-frame has been printing (since June) a sequence similar to that of mid-July - early-Nov 2021. As you see with the candle comparisons (orange for 2021 and blue for 2022), even though the RSI patterns were fairly similar during their course, the candle patterns diverged halfway through as 2021 was an (aggressive) uptrend while post mid-June 2022 has been a consolidation so far. Regardless of that and as Bitcoin is being rejected yet again on its ATH Lower Highs, does this mean we are on the verge of another sell-off? The RSI certainly points that way. Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
8
BITCOIN Break or fail on the November 2021 Resistance??This is Bitcoin (BTCUSD) on the 1D time-frame where we might be having perhaps the biggest development of the current Cycle. What do I mean by that? Well the 2021/22 Bear Cycle has been largely sustained 'thanks to' the Lower Highs trend-line that started on the November 10 2021 All Time High (ATH). The first major rejection it had was on the March 28 2022 Lower High, which happened to be also on the 1D MA200 (orange trend-line) and started the bearish leg of April-May-mid June, and the most reject minor rejection was on the September 13 Lower High which almost touched the trend-line. As you see, the price touched that trend-line again on October 04, hitting the 1D MA50 (blue trend-line) in the process and after a marginal break on a candle wick above the trend-line on October 06, it pulled-back below it again. However the sideways trading of the past two days is putting BTC on the November 10 2021 trend-line again, adding more to that uncertainty of the trend. What are you treating Bitcoin's persistence to trade around this trend-line as? Is it a break or a fail? So far it couldn't be more unclear indeed. Technically a decisive break can lead the price to the 1D MA200 for the first time since March 28 but that break alone would be one of the most critical steps of this Cycle towards starting the new Bull Phase. On the other hand a rejection has the June 18 Support Zone to test, which is also where the major Support trend-line of the 1W MA300 (red trend-line) is coming to. So is Bitcoin breaking to the upside or failing here? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
22
Bitcoin Crypto market update Pakistan Time: 10:00 PM Bitcoin support levels - 19,000 and 18,500 USD strong Support (is Ka Matlab yahan buyers hain) Bitcoin resistance - 19,500 and 20,500 USD strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin) Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath. ——————————————————————— Analysis - US Unemployment rate figure released at 3.5%. Previous figure was 3.7% and market was expecting 3.7%, this has caused Bitcoin to fell below 19,500$ level. We need to see where does the daily candle closes today, Weekend is almost here therefore there will be very less volume and market can be volatile
by Waqar212
2
BITCOIN (BTC/USD): BEARISH POSITIONS BELLOW 20,470BITSTAMP:BTCUSD Hello folks!!!, This is my analysis brought to you after deeply analyzing the Crypto Currency BTC/USD from a technical, trend and fundamental perspective: *Pivot Point : 20,470.00 *Stop Loss : 20,756.74 Take profit : 17,000.00 Entry Price : 19,975.94 Risk/Reward Ratio : 1 : 4.02 ⭐If this post was useful to you, do not forget to like ❤️ and comment ✍️. ✅Fallow me to be up-to-date with all my posts and updates 🚀. Good Vibes Only, Yasser Tavarez.
BITSTAMP:BTCUSDShort
by elversatiltav
3