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🔍BTC is too bearish to be bullish🔍Here together with you we already discussed price action and structure on BITCOIN before. And because BTC hasn't seen any structural changes from HTF, we remained bearish on it. This is a chart update at the beginning of the week. Please use split screen for better view. 📉 Text marks: 🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL. 🔹 ph, pl = protected high or low, which holds current structural impulse. 🔹 bos = break of structure . Based on candle body close below/above previous structural impulse. 🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup. 🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation. 🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action. ☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment. 👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection. 🚀Thanks for your BOOSTS and support🚀 💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
BITSTAMP:BTCUSDShort
by Yelli_trades
27
Will Bitcoin break under support?Again, Bitcoin is under pressure, and, after an abrupt reversal triggered by CPI data last week, the main crypto si pressing in extremely important support that lies between 18000 and 18500. The price action in the past 3 months is an H&S and a new drop is looming. The target for this pattern is around 12k which coincides with a previous zone that acted as support or resistance. As long as 21k is intact, bears hold the upper hand and only a daily close above this figure would lift some of the weight.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
13
Bitcoin forecast and idea 🧐Hi traders, ⭐ After the price hits the resistance line and a view of the fall of Ethereum, we will most likely see a fall in Bitcoin price. Probably a short-term fall and the reach $17,500 price for a little time ------------------------------ ✅ ✅ 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 that you want to be analyzed, and ask any questions about chart analysis. Thanks for your attention
Short
by Arash-RK
1
BITCOIN 1W Chaikin and Stoch show we are entering the new BullThis is a Bitcoin (BTCUSD) analysis on the 1W time-frame using the Chaikin Oscillator and the Stochastic. It is not common to see those two indicators, especially on such an asset, but despite being overlooked, they offer an excellent explanation of where the price is trading relative to its previous Cycles. ** The Chaikin Oscillator ** The Chaikin Osc, which is displayed by the red histogram has been mostly trading below the 100.00 level since the start of the year (Jan 2022). We saw the same trading pattern during the late 2014/ early 2015 Cycle bottom formation and to a shorter extent during the November 2018 - March 2019 Cycle bottom formation. Observe how symmetrical the peaks (which made Lower Highs during the Bear Cycle) of the Chaikin are. ** The Stochastic ** Now take a look at the Stoch, which also forms Lower Highs during Bitcoin's Bear Cycles, a pattern that is again consistent throughout the current Cycle. At the same time, there is a noticeable Support Zone. At the end of that zone, after the last Lower Highs, the Stoch prints a Higher Lows formation, quite volatile, which then aggressively breaks to the upside the breaks the 80.00 level. It appears that BTC is currently at this exact stage. Every such Chaikin - Stoch combo in the past Cycles has always come after the Bottom and indicated that BTC was at the start of the recovery Channel (green), which slowly but methodically led the price to the previous All Time High that gave way to the Parabolic Rally that eventually ended the Cycle with the new High. Do you agree with the above evidence. Has BTC entered the Bull Channel or we haven't seen the Bottom yet? Feel free to share your work and let me know in the comments section below! P.S. Because the chart having the Chaikin Osc plotted together with the BTC candles, it is not constant and may appear distorted based on your screen's/ browser dimensions. The original looks like this below, so if yours doesn't, adjust the vertical/ horizontal axis in order to make it look like this and better understand what is illustrated: -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSDLong
by TradingShot
69
BITCOIN Bottom completed. Bull Flag about to start the 30k rallyBitcoin (BTCUSD) is having a red week so far (1W time-frame) following last week's rebound. The worse than expected CPI is leading this pull-back fundamentally. Technically though, the price remains both above the Support provided by the 1W MA300 (red trend-line) and the Channel Down that started after the mid-August High. As long as no further Low is made, this Channel can be technically considered a Bull Flag, and is consistent with both prior Cycle bottom sequences. ** Past Cycles bottom formation ** As you see on this chart, the pattern that emerged after each prior Cycle bottom, was this Bull Flag. The price basically started to break above the Flag when a 1W MA50/ 1W MA100 Bearish Cross (1W MA50 in the blue trend-line crossing below the 1W MA100 in the green trend-line). Once the 1W MA50 break, the price never looked back and the parabolic rally of the new Bull Cycle took off. The 1D MA200 (black trend-line) is the first level of Resistance on the medium-term and is currently around 29800. The importance of this is high because on those past Cycles, every time the 1D MA200 crossed below the 1W MA100 to form a Bearish Cross, the Cycle's Bottom was priced. ** The Fibonacci levels as Targets ** Back to the 1W MA50, once it broke, the price reached the 0.5 Fibonacci retracement level, which was just above the 1W MA100, very quickly in fact in a matter of 3 weeks. The next Target on the medium-term (and Resistance) for both prior Cycles, was the 0.786 Fibonacci. In 2016 it was hit in 32 weeks after the 0.5 while in 2019 in just 6 (but that was a rapid growth based on, among others, the Libra fundamentals). ** What's next? ** All the above suggest that if the same cyclical pattern continues to play out, Bitcoin should complete the Bull Flag now and start rising as the 1W MA50/100 Bearish Cross has been formed. A realistic technically target towards the end of the year would be the 0.5 Fib at $33900, where by that time it can make contact with the 1W MA50 potentially. We can then expect a 0.786 Fib test at just above $49000 by Q2 2023. All this calculated as the average projection of the past 2 Cycles. Do you agree that this Bull Flag, following the MA50/100 Cross is about to start a rally to test the August High and then $33900 before the year is over? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSDLong
by TradingShot
32
Bitcoin- A flower doesn't make it springIn my previous analysis, I said that a break above 22k resistance could lead to further gains and a test of the next important resistance at 25k. However, after the break and a local high of 22.700, CPI data from US triggered a massive selloff and Bitcoin dropped more than 10% from top to bottom. Considering this false break, the large bearish engulfing, and the downwards direction of the trend, most probably Bitcoin will break also under 20k soon. In my opinion, this will be Bitcoin's next move and a visit to the 18k previous low is now unavoidable. Sell rallies against 22k is my strategy for BTC for the short term In the longer term, a break under 18k would bring panic into the market, and 12.500 would be in focus next. (Considering my outlook for SP500 and other US indices this is a very probable scenario)
BITSTAMP:BTCUSDShort
by Mihai_Iacob
30
BITCOIN The 3D cheat-sheet approaching a major Bull break-out!This is an analysis of Bitcoin (BTCUSD) on the alternative but highly informative 3D time-frame where we can claim that its cyclical behavior is most accurately displayed. As always, the MA50 is shown with the blue trend-line, while the MA200 with the orange trend-line). ** Bear Cycles & the Death Cross ** First let's start with the Bear Cycles. As you see, when the 3D MA50 crosses below the 3D MA200 and forms the popular Death Cross pattern, the market tends to give the last warning of a huge sell-off. On all Cycles, that was the last drop before the Cycle forms its market bottom. ** Accumulation and MA50 break-out ** Then on a Higher Lows trend-line as Support and the MA50 as Resistance, the market enters its Accumulation Phase (blue Triangle pattern), until the MA50 breaks and it officially starts rising on the new Bull Cycle. At the moment, with the MA50 at 25500 and declining rapidly, BTC is at the closest it has been to it since May 04. On top of that, the 3D RSI just broke above its Bear Cycle Lower Highs trend-line, just like it did on January 04 2019. ** Parabolic Rally above the MA200 ** So what now? Well if the price breaks above the MA50, chances are that Bitcoin will start rising (not necessarily as aggressively as in April - June 2019, which was based on outside factors as well), assuming that the macro-economic conditions don't get worse. Then, a new break above the 3D MA200 will most likely place BTC on the infamous Parabolic Rally course of the Bull Cycle. Notice how in the previous two Cycles, when the price broke above the MA200 and the Golden Cross was formed (MA50 crossing over MA200), the price used the MA200 as the Support of the Parabolic Rally (excluding of course the COVID crash in March 2020, which is a once in a life-time event). So what do you think about those 3D patterns and conditions? Does it offer a comprehensive road-map of this new Cycle and if yes, are you expecting a strong rally when the MA50 breaks? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
55
BITCOIN Testing the most important long-term Resistance levels!Bitcoin (BTCUSD) is currently on a strong +17% four day rally, the strongest since July 29. By doing so, it is about to test the important short-term Resistance of 22000, formed off the August 24 High. There is however a trend-line and cluster of critical Resistance levels on the long-term as well that the price is about to hit, and outweigh by far the short-term technicals. ** The ATH trend-line and Bullish - Bearish extremes ** That is the Lower Highs trend-line that started on the November 10 2021 All Time High (ATH). Basically this is the Lower Highs trend-line of the Channel Down pattern (log scale) that has been dominating the price action for most of the past 10 months. As you see on this 1D chart, the price has broken outside of this Channel Down twice these past 10 months. Once on March 22 where it made a Bullish Extreme but still was contained below the 1.382 Fibonacci extension and once on June 18 where it made a Bearish extreme but still was contained above the -0.382 Fibonacci extension. ** The 1D MA100 ** The last time BTC attempted a break above the ATH trend-line was on the August 15 High where it wasn't just rejected on the top of the Channel Down but also on the 1D MA100 (green trend-line). Excluding the Bullish Extreme, the price has been trading below the 1D MA100 since December 03 2021 with three clear rejections on it. At the moment, the 1D MA100 is trading exactly on the ATH trend-line and has been doing so since the August 15 rejection. It is obvious that at the moment, this is the most important Resistance Zone that BTC is facing. A break and close above it though doesn't 'guarantee' the end of the long-term Bearish Trend as that took place when it broke on March 22 but was still rejected on the 1.382 Fib ext. As you realize, only a break above the 1.382 Fib turns the odd in favor of a long-term Bullish reversal and can sustain a rally invalidating bearish bias of March 29 - April 05. On a different occasion, the 10 month Channel Down will continue to dictate the trend. But what do you think is going to happen? Will a close above the ATH line and the 1D MA100 accumulate enough buyers to finally push above the 1.382 tolerance level and into a new Bull rally or we will get again rejected and stay within the long-term Channel Down? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
4
BITCOIN The Double Bottom effect on Cycles. Huge rally starting?Bitcoin (BTCUSD) made a Low two days ago and today we are seeing a strong rebound on the biggest 1D candle (so far) since July 27. Based on the Cyclical Double-Bottom Effect, we can argue that this low is a hit on the Double Bottom zone of the June 18 market Bottom. What is that effect? Well it appears to be not just a Theory but a pragmatic phenomenon that has been seen on every Cycle bottom on Bitcoin's past three Cycles. On this 1D chart, you can see the current Cycle on top of the previous ones for a more effective illustration of the Double-Bottom effect. The range of the Double-Bottom is the green zone. Cycle 1 is displayed with the black trend-line making the 2011 Double Bottom, Cycle 2 with the blue trend-line making the 2015 Double Bottom and Cycle 3 in the orange trend-line making the 2019 Double Bottom. As it is shown, the Double Bottoms are fairly structured in the same way on each of the past Cycles and straight after each one was formed, a strong rally followed. The past cycles have been adapted in order to fit the Green Range, which is formulated by the current Cycle. Still, the bullish trend following each Double Bottom is obvious. This study isn't designed to show the time-length, but rather the bullish move that follows. You can view each Double Bottom plotted on top of each other, with the current Cycle being the green trend-line, in the chart below: So what do you think? Has the market double bottomed and if so, based on the above, are we about to witness a strong multi-month rally as the new Bull Cycle is starting? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSDLong
by TradingShot
27
Bitcoin- Was the recent break a false one? Will it rise to 25k?Since the recent high at 25k and the break under the rising wedge, Bitcoin has fallen, but the drop is in steps, with tight lows, and is drawing a falling wedge. All this for me suggests no selling power at this moment and bullish accumulation on levels. The recent drop under 19500 support can very well be a false one and a break back above would confirm this outlook and give scope to continuation to at least 22k. In the longer term, the price can even rise to 25k and swing traders can have a 1:4 R: R on their trades considering a stop loss under the recent low.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
22
Bitcoin analysis and signalHey dear traders! A trade signal for Bitcoin , in short term. I will let you know the opening and closing times of my Trade. in case of canceling this setup, I will quickly inform you in the comments. --------------------------------------------------------- Bitcoin . BTCUSD Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Short
by Arash-RK
BTC Long! - Support Needs to Hold for Double BottomBYBIT:BTCUSDT BTC looking like printing possible Double Bottom. $17,600 needs to hold though. Possible fake out to $16,400 for aggressive reversal. However, if it's a Bearish Retest of $17,600 downside targets I am looking at are $16,400, $12,000, $10,000 "zones". Have a trading plan so that you can react and wait for entries at areas of value for quality trades. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Long
by imr4nkh8n