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Bitcoinsignals

BITCOIN Complete 1H analysis. Buy above this level only!Bitcoin (BTCUSD) is falling back after the Fed's +0.75% Rate Hike and Powell's press conference. From a technical perspective on the 1H time-frame, the price remains within a Channel Down pattern (blue) since the October 29 High but on the longer term within a Channel Up (dashed lines) since the October 13 Low. We can see an interesting finding on this chart as this Channel Down is a recurring pattern since October 07. The price drops with the 1H MA50 (blue trend-line) as its Resistance and the catalyst that gives a confirmed signal to buy is a break above the 1H MA200 (orange trend-line). In remarkable fashion, both previous MA200 break-outs, gave an instant rise of +2.50%. Based on the 1H MA200's current level, a +2.50% rise would approach the $21000 mark. Until the 1H MA200 breaks, the Channel Down would aim lower. A break below the Channel Up bottom (Higher Lows trend-line) can target Support (A) and further break-out Support (B) at 19240 and 18650 respectively. On the bull side, if the Channel Up extends fully to its Top to form a new Higher High, it can hit $22000. Which break-out do you think will come first? 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
5
BITCOIN Can it reach the 250-500k range based on the DXY Cycles?This is Bitcoin (BTCUSD) against the U.S. Dollar Index (DXY) on the monthly chart. It is obvious how the two are (naturally) negatively correlated. When the DXY rises (green channel), BTC enters a Bear Cycle (red channel), when the DXY trades sideways (blue), BTC accumulates and starts the new Bull Cycle (blue), when DXY falls (red), BTC registers the 1 year parabolic rally of the Bull Cycle (green). Last month, the DXY closed its first red candle after 4 straight green months. If this is the top of DXY, based on this model we should see it turning sideways, prompting BTC into an Accumulation Phase (blue). What is really interesting is that since April 2015, we see a clear Pivot Zone for DXY, which the price always revisits. At the same time, BTC has its own Pivot Zone which also revolves around its previous two Accumulation Phases. If the same pattern is repeated and DXY's pull-back of roughly -14% hits its Pivot Zone, then Bitcoin may register the top of its next Bull Cycle within a (wide indeed) range of 250k - 500k USD by late 2024/ early 2025. How realistic can this scenario be? 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:BTCUSDLong
by TradingShot
24
BITCOIN Fibonacci charts the new Bull Cycle! It's already began!This is Bitcoin (BTCUSD) on the 1W time-frame displaying all of its Cycles historically. I've used the Fibonacci Channel extensions to identify any possible correlations and how this can create a roadmap moving forward and project the next Cycle. To start putting the chart's indicators into perspective, the 1W MA50 is the blue trend-line, the 1W MA200 the orange, the 1W MA300 the red, while the yellow represents the Multiple 5 and the green the Multiple 6 of the Fib MA's. ** The next High ** For starters, I've made several publications on why the +.382 (horizontal) Fibonacci extension roughly calculates the Highs. I've plotted that on this chart again and as you see so far the 2.382 Fibonacci extension has roughly predicted the December 2013 High while the 3.382 extension, the December 2017 High. The previous Cycle though broke that progression and topped on the 3.786 Fib extension instead. This means that the top of the next Cycle doesn't have to be on the 4.382 Fib extension (roughly at $350k) but most likely will be in the lower 4.236 (230k) or even 4.0 (120k) tier. ** The Fibonacci Channel extensions ** But let's circle back to how the Fibonacci Channel extensions can relate to these patterns. As you see, the first two Cycle Highs have been (naturally for the first) on the 0.0 Fib with bottoms outside of the 0.5 Fib. The High of the next Cycle was on the 0.5 Fib with the Low outside of the 1.0 Fib. The Highs of April 2021 and November 2021 were outside of Fib 1.0 and the Low of June 2022, closer to the middle of the 1.5 Fibonacci extension of the Channel. This pattern, though not perfect, it shapes fairly well Bitcoin's parabolic path over the years. Based on that, the next High should be either on or on the left of Fibonacci Channel extension 1.5 but most likely after its middle and the Low either on or left of extension 2.0 (probably middle). ** The Triangles and the bottom based on LMACD ** Notice also that all Cycles have traded inside an Ascending Triangle pattern until they hit their prior (All Time) High, and after turned parabolic for some months to complete the Cycle's Top. As for those who are unsure if June was the bottom and if a new Bull Cycle now is not plausible amidst the current high interest and inflationary fundamentals, they can seek answers, only technically, on the 1W LMACD. As you see, we have completed the Ultimate Bottom Pattern: Formed a Bullish Cross and after a red rising histogram narrowed down, it has turned into green territory. MACD-wise, there isn't any other condition left to fill. So if the bottom is in, is a top by late 2024 a wild projection to make? Can those Fibonacci Channel extensions identify the logarithmic path of Bitcoin and if so is $120k, $230k or $350k the next top? 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:BTCUSDLong
by TradingShot
17
BITCOIN: Can hit 24k next month. Major breakout on 1D RSI/ MA100Bitcoin hit the 1D MA100 (green) last week for the first time in 1.5 month with the 1D RSI crossing above the Lower Highs trendline that started on January 05 2021. We have seen similar RSI Lower Highs breakouts in all previous Bear Cycles, namely on February 16 2019 and June 13 2015. Common characteristic is that the RSI breakout happened at the same time with a breaking above the 1D MA50 (blue) and caused an instant test of the 1D MA100. It took 15 days in 2015 and 40 days approximately in 2019 to reach (and break with ease) the 1D MA200 (orange). Based on the above Bear Cycle bottom occurence, we should be expecting a test (and break) of the 1D MA200 next month, which is now at 24,665. Thumbs up if you agree! ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
INDEX:BTCUSDLong
by InvestingScope
1
BITCOIN The winning signal for the new Bull Cycle!This is Bitcoin (BTCUSD) on the 1W time-frame, where we will be basically adding elements and making an extension of our June 17 idea that projected the bottom on the 1W MA300 (red trend-line): As you see, BTC hit the 1W MA300, the Ultimate Support Band as we called it and since then traded sideways in our designated Bottom Phase. On the current analysis, we are taking a slightly different approach, still focusing around the Halvings but also introducing new key Resistance trend-lines as well as the the element of the Vortex Indicator (VI). ** The ATH Lower Highs and 1D MA50 test ** The price is having a bullish week so far that took a stop yesterday. Still, we don't have a major break-out yet, as it is not only below the 1D MA200 (orange trend-line) but the 1D MA50 (blue trend-line) as well. The chart shows that the first major bullish break-out in Bitcoin's past Bear Cycles occurred when the price broke above the All Time High (ATH) Lower Highs trend-line, after which it immediately tested the 1D MA50. The 1D MA50 typically broke after some consolidation. ** The Vortex Indicator signal ** A critical indicator that basically confirmed the ATH Lower Highs break-out was when the 1W Vortex Indicator (VI) made a Bearish Cross (red line crossing below the blue). In past Cycles this Cross took place right on the LH break-out, practically calling for the 1D MA50 test next. We can see that the past two Cycles made the LH break-out 55 weeks on average before the next Halving. The next Halving (no 4) will be in early March 2024. That gives us a projected range for the LH break-out and 1D MA50 test within the Jan 30 2023 and Feb 27 2023 1W candles. With the VI diverging from a Cross, it confirms so far this scenario. Do you agree with the above model? Is a break above the ATH Lower Highs the roadmap to follow into the new Bull Cycle and if yes will it come when the model predicts or earlier if the VI makes a Bearish Cross? 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
30
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