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BITCOIN This 3D RSI rejection is far from ideal. CAUTION needed!Bitcoin (BTCUSD) is trading today on the fourth straight red 1D candle and even though the pull-back is insignificant so far, there is a certain pattern on the 3D time-frame that is worrying. As you see, the 3D RSI hit last week the Lower Highs trend-line that started on January 07 2021 and defined this whole Bear Cycle. This week, we see that 3D RSI turning lower as the test turned out to be a rejection. This has also happened on March 26 2022 and November 06 2021, which marked the last two Highs of the market. Based also on the 3D MACD, which has been steadily rising since June 30, this pattern resembles the bottom sequence and subsequent first rise of the recovery phase during the previous Bear Cycle of 2019. As shown, the 3D RSI had a rejection exactly on the same level as today's one, while the 3D MACD was rising. As with today, the rejection came before hitting the 3D MA50 (blue trend-line) and took place on the 0.382 Fibonacci retracement level (counting from the top of the last collapse, essentially the 3D Death Cross). The resulting pull-back found Support on the Higher Lows trend-line and the 0.236 Fibonacci level and after some more consolidation both the RSI Lower Highs and the 3D MA50 broke and a very strong rally took place. Now, the fundamentals behind that rally were different and a 3D MA50 break-out doesn't have to necessarily follow 2019 into such a strong rally. But still it will be evidence of the new Bull Cycle. If you are a short-term trader though, that 3D RSI rejection tells you to proceed to the next days with caution and look for that more confident lower buy. Do you agree? 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
27
BITCOIN monthly is making a huge shift to the upsideThis is a simple Bitcoin (BTCUSD) analysis on the 1M (monthly) time-frame, using two powerful indicators that are often overlooked. Those are the Aroon Oscillator and the Vortex Indicator. The chart illustrated the Fibonacci MAs to give a sense of the long-term Support Zones, a level where we clearly are at now. As you see, every time the Aroon Osc turns sideways following a huge downfall, the Cycle bottoms. We are now sideways since June and that is typically the market accumulation phase. Once the Aroon shifts upwards even slightly, the first rally of the Bull Cycle will have already began. At the same time, the Vortex Indicator has already made its first Cross since April. Once the lines cross again, it will be an indication that the accumulation phase is over and the rally will begin, which is consistent with all prior Bear Cycle bottoms. That wraps it up on this short BTC update. Remember that sometimes, it is useful to keep a long-term perspective, especially in the crypto market. And that currently tells us that most likely we won't get a better opportunity to accumulate for the new Bull Cycle. Do you agree? 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
7
BTCUSD [BITCOIN USDT]Bitcoin Analysis: After price drop to strong level of support 24172 level we see bulls take the control and push price to upside toward the strong key level of resistance also hit 25k high where 200EMA restest on Weekly timeframe and in short time frame candle close below 25k and also respect its resistance trend line 24936. What next in #bitcoin? Price of bitcoin retest its 200 EMA on weekly time frame and close below the trend line in short timeframe this show bearish market structure also important bearish chart pattern triple top formation show some kind of selling pressure in bitcoin. Also evening star candle stick show bearish sign. ENTRY SHORT 24800$ TAKE PROFIT 24509$ TAKE PROFIT 24131$ TAKE PROFIT 23667$ STOP LOSS 25300$
Short
by naumanfx_
1
BITCOIN hit its 1D MA100 for the firsts time since April!Bitcoin (BTCUSD) has been trading within a sustainable Channel Up every since the June 18 Low and today hit the 1D MA100 (green trend-line) for the first time since April 21 2022. The trend looks strong considering that the MACD on the 1W time-frame is on a Bullish Cross, however if you are a short/ medium-term trader you should be skeptical of these levels. The reason isn't just the fact that the 1D MA100 is a Resistance but as you see, the last 1W MACD Bullish Cross (March 30) was formed on a market top and failed to deliver a sustainable rise. As a result, we should be looking for a break above the November 10 2021 Lower Highs trend-line (started after the market's All Time High), which would be a bullish break-out signal towards the 1D MA200 (orange trend-line). On the long-term, only a break above the 1D MA200 can call for a long-term trend reversal to bullish, as the MA200 was the one that rejected BTC on the March 28 High. Also on the long-term, it would be useful to consider the importance of the 0.382 - 0.5 - 0.618 Fibonacci retracement levels, when the 1D MA200 breaks, as the highest volatility of this Bear Cycle has been seen within those levels. Feel free to share your work and comment below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
19
BITCOIN Radical Cycle Comparison gives the next Top around 140k!This is not the first time I use the fractals of the previous Cycles under a certain rules of parameters in order to make a projection. This is by far the best methodology to make long-term projections on Bitcoin (BTCUSD) as its cyclical behavior has been extremely consistent over the years. This time is no different and the dynamic under which I compare the Cycles is a Lower Highs zone. As you see if we start all Cycles from their market Bottom on the same straight (Support) line, they all make their Top on the same Lower Highs zone. As a result I've used all past Cycle models (July 2010 - October 2011 = Black, November 2011 - January 2015 = Blue, February 2015 - December 2018 = Green, January 2019 - June 2022 = Orange), and fit them under this Lower Highs zone to expand the model with an average projection. If we then take all those new projections and start them on the actual price action (time-frame on 1W) starting from the June 2022 Low, we can get a fair estimation. It is interesting to see that with the expection of the first (black) Cycle which was the most aggressive, the remaining three all give an estimated top within 115 - 140k! The first Cycle (black), being quicker, rising to the Lower Highs zone much higher, gives the next Top around 230k but it is unlikely to get that aggressive price action again. Again, those are just projections based on Bitcoin's 10+ year price action and a certain set of parameters. The future trend doesn't have to follow any of those but all of them bundled together do make a fair average projection indeed. So where do you personally have the next Cycle Top at? Do you think this model can offer a good projection? Feel free to share your work and let me know in the comments section below! P.S. Because the chart has these bar projections (different colors) plotted and not constant, it 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:BTCUSD
by TradingShot
9
BITCOIN Failed to close 3rd green week but positive signs remainLast week, Bitcoin (BTCUSD) marginally failed to close its 3rd straight bullish 1W (weekly) candle, a feat that hasn't been achieved since the November 08 2021 weekly candle. This isn't ideal as BTC's last big rally (late July - late November 2021) started off with three straight (strong as well) green weeks. Despite this however, there is a growing number of positive indicators showing that this could be a sustainable accumulation period, preceding the start of a rally and the new Bull Cycle. ** The positives ** First and foremost, the price succeeded at closing above the 1W MA200 (orange trend-line) for the 2nd straight week. As you see on the chart below, this is essential during Cycle bottom formations and every time the price held above this level in past Cycles, it lead to a rally eventually: Secondly, the 1W MACD just formed a Bullish Cross, the first since late March 2022. Now of course that last pattern led to a new sell-off and Lower Low eventually but was much closer to both the 1D MA200 (yellow trend-line) and the 1W MA50 (blue trend-line), where the price got rejected. Now those levels are around 33223 and 40625 respectively, so there is much more room to grow before we can discuss about a rejection/ pull-back. Among all the above, we shouldn't forget to acknowledge the fact that Bitcoin has kept the 1W MA300 (red trend-line), which is the basic Support of the Cycle. As you see, on the snapshot above, that was the level that supported the market during the March 2020 COVID (black-swan) event. If it held that huge psychological test, there is on reason not to believe that it won't hold this time as well. ** Some hurdles ** We see the biggest Resistance levels, on the short-term at least, on the Fibonacci patterns drawn. The Fib Channel that is illustrated has kept the price closing below its 0.5 Fibonacci retracement level on 3 straight weekly candles. Similarly, on the horizontal axis, the price has failed to close (broke it on the July 25 candle but failed to close above it) above the 0.236 Fib retracement level (orange) also for 3 straight weeks. It is apparent that this Fib cluster forms a strong Resistance, at least on the short-term. Breaking above it, opens the way for the 0.382 Fib, potentially testing as well the 1D MA200. Rejection on the 0.236 Fib can result in short-term selling back to the June Support, on a similar Double Bottom scenario as in July 2021 and February 2022. Do you think this would still be enough to support the market and start the new rally in September/ October? 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
7
BITCOIN formed a MACD Bearish Cross. Time to prove Bear is over?Bitcoin (BTCUSD) has made a confirmed Bearish Cross on MACD on the 1D time-frame. Every such formation within 2022 has so far been extremely bearish, marking a top to a subsequent aggressive price fall. It may be above the 1D MA50 (blue trend-line) and still within a Channel Up but we've seen similar patterns leading to MACD Bearish Crosses, followed by price falls. Currently BTC has failed to break even the 0.236 Fibonacci retracement level where it was rejected exactly on July 30 and the 1D MA200 (orange trend-line), which is intact since December 31 2021, is on the 0.5 Fib level, a strong Resistance. Do you think it is time for Bitcoin to finally invalidate a MACD Bearish Cross and prove that the Bear Cycle is indeed 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! --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSD
by TradingShot
71
BITCOIN following Apple's 2008/09 Bear Fractal. Bottom is in!This is Bitcoin (BTCUSD) on the right along with Apple (AAPL) on the left chart on a very interesting comparison on the 1W time-frame. I will keep it short as the picture is quite self-explanatory. As you see, Bitcoin's 2021/22 Bear Cycle has been very similar so far to Apple's 2008/09 Bear Cycle during the Housing Crisis. Following a rough Double Top (1 & 3) they both dropped below the 1W MA50 (blue trend-line) and started slowing down only after breaking the 1W MA200 (orange trend-line) but at the same time keeping the 1W MA300 (red trend-line) intact. Both turned their 1W RSI into oversold territory exactly when they broke below the 1W MA200 and recovered above their MA (yellow trend-line). That is where BTC is at currently. For Apple that RSI MA break was the start of a three month consolidation before the parabolic rally that took the stock into the new age of growth of the past 13 years. For comparison purposes I've plotted that same Apple recovery pattern on Bitcoin to give us a rough idea of an estimate. It doesn't have to follow that sequence of course but it makes an interesting projection. Perhaps the most useful conclusion we can draw from the whole comparison is that, assuming investor psychology doesn't differ among different asset classes, with history showing that psychological models in extreme market conditions tend to stay the same, Bitcoin has strong probabilities of already having priced its bottom. What is your opinion on this comparison? 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
29
BITCOIN starting a recovery similar to post COVID.Bitcoin (BTCUSD) has been trading within a very structured Channel Up following the June 19 Low. Both charts are on the 12H time-frame, which illustrates remarkable similarities between the current pattern of 2022 and that of late 2019/ early 2020 following the COVID bottom. As you see at the moment, the price has turned the 12H MA50 (blue trend-line) into a Support, with the 12H MA200 right above, posing as the Resistance. The 1W RSI has just crossed above its MA (yellow trend-line) putting us potentially in the exact same position as late April 2020. As you see, BTC was also within a Channel Up at the time that eventually broke above the 12H MA200. However due to the instant recovery on the March 13 2020 bottom and the price jump attributed to the expectation that the trillions of USD printed will keep the economy moving from the lockdowns, that Channel Up was formed much higher than the current one, which is technically a Bear Cycle bottom. Typically their transition is slower. I have plotted the 2020 recovery sequence on today's price action in order to make one possible projection. As you see, many aspects on the two patterns are similar: both had their MA50 and MA200 cross three times before the bottom, both got rejected on the 0.786 Fibonacci, their Lower Lows were roughly on a -35° angle and both rebounded on the 1W MA300 (red trend-line). Do you think we will have a similar recovery to that of post COVID? 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
17
Is The Bottom In?There is a lot of evidence that we have bottomed and I will be presenting all here in this TA. 1. Every cycle bottom we form a triangle formation that eventually breaks to the upside, as you can see in the charts it happened last two times and this time we did the same and have currently broken to the upside. 2. The Mayer Multiple extreme levels! , I go over this in the TA below how Bitcoin was in extreme lows. We even bounced off the last Mayer band like previous cycles . 3.The LMACD was in the same place as the last two cycles and lined up perfectly with the weekly springboard which I cover here . 4. Bitcoin Super Cycle indicator flashed the cycle bottom and before anyone asks this is not a lagging indicator it is real time and happened to see it flash the bottom live while I was on the candle . 5.USDT dominance , this one is really important . As you can see this channel USDT dominance is in , and can pinpoint tops and bottoms . The fact is we hit an extreme on the channel and stockistic has printed bearish divergence on the weekly. 6.Funding rate has finally made a lower higher , since the start of the year funding rate has been making lower lows as of 30th of June we finally got a lower higher , here is a link to the graph ibb.co 7. All major CME gaps closed . That last swing low the 30th of June which created the lower high on the funding rate , closed the gap at 18.4k . 8.Crypto Market cap excluding Bitcoin This chart has formed a hard bottom, finding strong support previous all time high , creating weekly springboard and also creating weekly bullish divergence on the stockistic at the lower level which you can see leads to big rallys. Price has currently created a W formation on the daily which has a technical target of 25k if completed . Price on the 4h looks good , creating an ascending channel and above MTF VWAP . Conclusion 1.Cycle bottom Triangle patterns 2.Mayer Multiple Extremes 3.LMACD same as last two cycle lows 4.Bitcoin Super cycle indicator flashes bottom 5.USDT dominance hit top of channel 6.Funding rate lower high 7.All Major CME gaps closed 8.Crypto Market Cap excluding Bitcoin bottom So as you can see there alot of signs pointing to a market bottom, time shall tell in a few months.
INDEX:BTCUSDLong
by Sporia
6
Bitcoin- "The Good, The Bad and The Ugly"... ScenariosHi traders, in this post I will share my 3 scenarios on BTC, because, even if I bought BTC and some other coins, I was only slightly bullish to begin with, and this optimism is fading with every hour. The Good scenario: - This is very obvious for everybody (or at least 90%) from TV see it: BTC will hold above 22k, will rise, the bear market is over and all will hold hands, sing "Kumbaya" and meet "to da mun" to drink beer The bad scenario: - BTC will break 22k, will go under 20k, reverse again, hover around 20k with spikes up and down for who knows how long and only market makers and speculators will make money (not so sure about the second) The Ugly scenario: - BTC will break 22k but, instead of holding and hovering around 20k, will make a new low and will have another aggressive leg down, probably in the 12-13k zone and will see from there And... although, as I said, I'm in a buy trade at this moment, I'm almost sure it will not be the "Good scenario"
BITSTAMP:BTCUSD
by Mihai_Iacob
22
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 65% chance Bitcoin will Fall from our current entry point. 📉 SHORT BTC - Entry Price : $23,220 📉 💵 Length of trade: we are expecting BTC to hit a $250 scalp, with a high end of $600, and a minimum expectation of $200. 🕰️ Duration of trade: we are expecting this to occur within 4 hours of this signal, with a maximum duration of 6 hours . We would ideally like to exit this trade prior to U.S. markets opening. But if the SP & Dow appear to open negative then we wouldn't mind holding it. Also, if European market close poorly, then that could help indicate the US markets might not be strong.
Short
by VirlVideo
4
BITCOIN correlation with Nasdaq on market bottoms.Rally imminentThis is a simple long-term analysis on the 1M (monthly) time-frame, comparing Bitcoin (BTCUSD) to Nasdaq (NDX), with a focus on their market bottoms. On the left chart I have Bitcoin's price action with Nasdaq on top of it (green candles) and on the right, Nasdaq alone. Both have their respective RSI sequences below them. As you see, BTC has been (naturally) following closely the tech index over its years, being a technological breakthrough itself. What's even more interesting, is that during every BTC Bear Cycle, Nasdaq only pulled back later (and some times much later) into the Cycle. This somewhat validates our belief that the true top during BTC's current Cycle has been in April 2021 and not November 2021, which coincidentally was when the Nasdaq topped and started correcting. On July's monthly candle, we saw a strong reaction on both assets. Note that this is the first 1M green candle after three straight monthly losses. Nasdaq in particular hadn't seen this since December 2018. So right now the two seem to be in sync and the positive news for Bitcoin come from the NDX's long-term behavior. As you see on the right chart, July's rebound came after June made a (near) bottom on the 1M MA50 (blue trend-line). Such rebounds following near hits on the 1M MA50 have been the ultimate buy entries on Nasdaq since the recovery started after the 2008/09 Housing Crisis (more specifically since July 2010). As a result it is much more likely that this is the start of a new long-term rally on the tech index. With its correlation with Bitcoin being so tight at the moment, this is more likely to be the start of the new Bull Cycle as well. Last but not least, notice that both on BTC's and NDX's 1M RSI sequences, the price is currently retesting the prior Support as a Resistance. A break above it is technically a very bullish sign. So do you think that the Nasdaq can now drag Bitcoin to a new powerful rally? Feel free to share your work and let me know in the comments section below! P.S. Because the chart on the left has two assets together, it may appear distorted based on your screen's/ browser dimensions. The original looks like this below, so if yours doesn't, adjust the vertical 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
6
Pain Before Relief Rally This chart right here was one of the reasons I have been right on the money all of 2022 , I always take a look at it before going in for any trade. There is a high chance this bounce ends when we hit this white trendline for USDT, the last two touch points are major Bitcoin events. First touch was an all time high in November 2021 and second was April 5th 2022 which was a very important pivot down and even made a TA on it . So using the last three cycle bottoms as data we can have a potential timeframe on when this bounce can end. If we take a look here at the daily you can see we are currently repeating very similar patterns like past cycles , so according to this we will top out sometime mid August and then begin a retrace that will scare everyone, this also fits with USDT hitting the white trendline about that timeframe. At this point Bitcoin will most likely be at around 29k closing the CME Gap , once that's filled the big bull trap will start and a retracement down the 0.618 at 22.5k will most likely happen.So a red september is likely , nearly all the Bitcoin Septembers have been red so it also fits nicely. If this does happen , expect mass fear , FUD , 10k calls, mass short positions etc but then come October 2022 is when the relief rally starts for real. The amount of Fib time dates I have October is crazy , something big happens that month and as you can see the picture above of the bar patterns with cycle bottoms , October is 108days from cycle bottom which is when Bitcoin historically starts its massive momentum and will also be the moment USDT breaks the white trendline (Green circle) like it did to start the last rally. Everything is lining up perfectly for these events to unfold just like last cycles. If i'm correct this rally will last 140days from October 2022 to February 2023 then it's time to short because its possible Bitcoin will start heading down for its second capitulation phase , check the TA below lines up with the Dow Jones rising wedge.
CRYPTOCAP:USDT.DLong
by Sporia
8
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 60% chance Bitcoin will rise from our current entry point. 📈 LONG BTC - Entry Price : $23,700 📉 💵 Length of trade: we are expecting BTC to hit a $300 scalp, with a high end of $500, and a minimum expectation of $175. 🕰️ Duration of trade: we are expecting this to occur in 3.5 hours of this signal, with a maximum duration of 9.5 hours . Sometimes weekends can drag out or have fast spikes up, more so than weekdays.
Long
by VirlVideo