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Bitcoinsignals

Euphoria BlindnessWouldn't it be amazing if there was an indicator out there that would pint point Bitcoin cycle tops. Does such indicator even exist? Well what you see in the chart is in fact the best indicator ever created and everyone is quickly to forget what the Pi cycle indicator was telling you three days before the cycle top. Now I know what your thinking November 2021 technically went higher than April 2021. April 14th 2021 - 64900 November 10th 2021- 69185 (segment taken from previous TA) The top in April 2022 was the true cycle top the one that followed after was just pure manipulation , that run to 70k was just a trap , with only half of the Bitcoin address active for that run , price still managed to get to all time high and like clockwork the 7-10 year old wallets come in again and sell a massive amount of Bitcoin creating yet another Bitcoin top. So yeah that run was created by the few ,there was no hype , no retail just whales. Take a look at the link below of on-chain data. ibb.co My theory on why April was the true cycle top and not November. Indicator Overview The Pi Cycle Top Indicator has historically been effective in picking out the timing of market cycle highs to within 3 days. It uses the 111 day moving average (111DMA) and a newly created multiple of the 350 day moving average, the 350DMA x 2. Note: The multiple is of the price values of the 350DMA not the number of days. For the past three market cycles, when the 111DMA moves up and crosses the 350DMA x 2 we see that it coincides with the price of Bitcoin peaking. It is also interesting to note that 350 / 111 is 3.153, which is very close to Pi = 3.142. In fact, it is the closest we can get to Pi when dividing 350 by another whole number. www.lookintobitcoin.com So this indicator predicts cycle tops three days before its peak and guess what we had a cross April 12th 2021 and we peaked three days later on on April 14th 2021 (counting 12 as a day) the Pi cycle crossed marking a Bitcoin cycle top. At the time the euphoria in the market was so powerful that it blinded everyone from what this indicator was telling you. It was the first time since the last cycle top and cross that everyone used this indicator and I remember countless of traders calling out the Pi cycle indicator for failing. Its incredible how blind euphoria and greed can make you, we had the signal right there in front of us with just a simple cross and yet most of the market disregarded it. This is the most powerful cycle top indicator ever created and when the next cross comes and euphoria is all time high , will you sell ? or will you disregard it?
INDEX:BTCUSD
by Sporia
7
WARNING: BITCOIN Bear-Flag Can Determine Fierce Drop To $42,500!Hello, Welcome to this crucial analysis about Bitcoin and its 2-hour timeframe perspectives. In the last days Bitcoin managed to breakout the pivotal $45,000 resistance with a solid bounce above this level however as for now Bitcoin did not manage to move above the $48,000 resistance and form a new high above this level which is needed to keep the trend going. From there on Bitcoin pulled back and severely tested the $45,000 level again which means the more often Bitcoin tests this level the weaker it gets. Also coming into the interface here is the 200-EMA marked in red in my chart below which Bitcoin previously determined the bearish extension. What forms now in this whole range here is a decisive channel-formation, this channel-formation can complete as a devastating Bear Flag Formation once Bitcoin has settled below the lower boundary of the formation and below the 200-EMA. Such a breakout is likely to move Bitcoin into the $42,500 level from where a possible reversal can be considered. For now it is better to keep patient rather than rushing into a short position as Bitcoin already dropped mainly from its high at $48,000 and especially as a breakout of the flag formation can also lead to a sharp snap back into the range. Therefore it is better to look on how the market evolves here before moving on to further conclusions, it will be an important development ahead. In this manner, thank you for watching the analysis, all the best! "The past, like the future, is indefinite and exists only as a spectrum of possibilities." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
46
BITCOIN Formed the 1W LMACD Bullish Cross! Historic rally ahead!Two weeks ago I mentioned that Bitcoin (BTCUSD) was trading 'perhaps the most critical week' of recent times, mainly due to the fact that the price was testing the 1W MA50 (blue trend-line), which was the Resistance for 12 weeks straight, as every week closed below it: Well not only did the price close a 1W candle above the 1W MA50, but at the same time, the 1W LMACD made a Bullish Cross! That is the focal point of today's study as all previous LMACD Bullish Crosses on the 1W time-frame have delivered major rallies in recent years. The last 1W LMACD Bullish Cross for reference was on the August 09 2021 1W candle. Another element I want to add, is the similarities of the rather neutral price action in 2021 - date with the phase of 2019 - early 2020. First, in terms on LMACD, there are clear legs that draw a similar pattern. A key characteristic is that the Support then was the 1W MA200 (orange trend-line) while now is the 1W MA100 (green trend-line). This could mean that this time the rally may be more aggressive. A rather radical illustration can be made on the Fibonacci Channel scale using the extensions. Can it go as high as the 300k - 350k USD in such short period of time? That's has a big question-mark besides it and it would require massive bullish fundamentals, but they could be just around the corner. What we should keep from the current study is that the break above the 1W MA50 and the 1W LMACD Bullish Cross, can be enough to take Bitcoin past its previous All Time Highs. 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! --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSD
by TradingShot
60
Bitcoin Entries + Exits! The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately. All likes/comments and feedback are very much appreciated! How to play my chart: Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there. The same exact thing goes for resistance sell/break plays!
BITSTAMP:BTCUSD
by ExclusivelyFX
BITCOIN ahead of important long-term bullish break-outsAs I've mentioned a few weeks back, Bitcoin is running on very critical long-term levels. Basically this idea is a combination of two previous analyses: Bitcoin (BTCUSD) closed the 2nd straight green monthly candle, first time since August 2021 to do so while at the same time closed above the 1W MA50 for the first time in 13 weeks. This time I am looking at the 2W time-frame, in order to highlight the similarities in the RSI (mostly) structure of 2019/20 and 2021/22. The price action is also fairly similar if we exclude of course the Black Swan event of the COVID sell-off in March 2020. I've highlighted the RSI phases between the two periods. Right now it appears that we are past the price bottom (leg 4) and with the RSI attempting to make the bullish break-out above its MA (black trend-line) which in April 2020 led to a test of the leg (3) High. What's unique in the current situation is that the price is at its closest to the upper Bollinger Band since early November 2021. A break above it, was what initiated the Parabolic Rallies of early 2019 and late 2020. What do you think will happen this time? Will a break above the upper BB kick start a new rally? 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
22
BITCOIN - The FORMATION That Can Lead To A SURGE ABOVE $100,000!Hello, Welcome to this analysis about Bitcoin on the 4-day timeframe perspective. In recent times Bitcoin is developing crucial determinations from a fundamental as well as technical perspective. As mentioned in my previous analysis of Bitcoin there is a higher possibility given that Bitcoin has the ability to manage to hold above the $35,000 area and to form a reversal formation above this area. In this case now when looking on the more broader global perspective I detected a massive formation that Bitcoin is forming which already formed severely in Bitcoins history. This formation when completed will have a massive impact on Bitcoin's further development. Of course, it is also necessary to consider the fundamental side nevertheless in this case we can also watch positive movements going forward as the technological adoption of Bitcoin is moving forward with Exchanges adopting the Lightning Network, Bitcoin-ETF establishments making progress, and authorities looking to legalize Bitcoin. If there do not come any major disruptions or recession/depression dynamics as we have seen it within the Corona-Crash in 2020 these processes can go further. In this case, I detected the most important structures from a technical view and what to consider in this manner. As when looking at my chart we can watch there how Bitcoin already once completed this decisive Broadening-Wedge-Flag-Formation which came along after Bitcoin managed to recover from the devastating abnormal Corona-Crash-Dynamics which hit all global markets in May 2020. The Broadening-Wedge-Formation has completed after these critical events and from there on Bitcoin showed up with greatly expanded volatilities. The Broadening-Wedge-Flag-Formation that forms a second time now is having a much bigger scale and completion of this formation will just have a much stronger effect as the formation completed after the Corona-Crash-Dynamics. In this case, there is wave D and E remaining with approaching the upper and lower boundary of the formation before completion can show up. The completion of this paramount formation will activate targets above the $100,000 mark. For now, it will be important how Bitcoin completes this pattern and if it finalizes appropriately Bitcoin is looking into a bright development with the completion of the formation, it will be an interesting development. In this manner, thank you for watching the analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
41
Bitcoin Capitulation May 2022It takes on average 400 days for Bitcoin to go from cycle peak to 200 weekly moving average. Last two cycles after cycle peaks we found a bottom at the 200 weekly will it be different this time round? It would definitely be different this time round if Bitcoin does not put in a bottom at the 200 weekly at this point. The week of May 23rd 2022 would be 406 days since the cycle top April 2022. The top in April 2022 was the true cycle top the one that followed after was just pure manipulation , that run to 70k was just a trap , with only half of the Bitcoin address active for that run , price still managed to get to all time high and like clockwork the 7-10 year old wallets come in again and sell a massive amount of Bitcoin creating yet another Bitcoin top. So yeah that run was created by the few ,there was no hype , no retail just whales. Take a look at the link below of on-chain data. ibb.co Its important to note that Bitcoin has never closed a weekly under the 200 weekly moving average but has wicked down twice below it on average 30% , so a worst case/black swan scenario would take Bitcoin down to as low as 14k and close that week at 22k coming May 2022.
INDEX:BTCUSDShort
by Sporia
23
BITCOIN just broke below its Bull Flag! How low can it go?Bitcoin's impressive rally since March 14 has seen for the first time break below a Bull Flag pattern and not above it. Is this alarming and if so how low can the price go? ** The 1H MA200 and Higher Lows trend-line as Support ** Well at first, it doesn't seem alarming, at least not as long as the Zone consisting of the 1H MA200 (orange trend-line) and the 2-week Higher Lows trend-line (started since the March 14 low) are holding. Those form the first Support Band on the short-term. If this breaks however, the price could seek the lower Fibonacci extensions (-1.0, -1.5 and -2.0) towards the next Support trend-line of the 1D MA50 (yellow line). ** The 1D MA200 as Resistance ** On the other hand, there is a clear Resistance, in the form of the 1D MA200 (red trend-line), that has already had a rejection on the price three days ago. A candle closing above this, would most likely sustain this 2 week rally as the price seeks the next unfilled Fibonacci extension level, which is the Fib 2.0. Until this Resistance and the Support Zone mentioned above break, a scalping opportunity is presented in the form of a Triangle. ** The 2 week RSI Buy Zone ** Don't ignore the 1H RSI, which just entered the 2 week Buy Zone (green zone) that started exactly when this rally took off on the Higher Lows trend-line. As for where Bitcoin (BTCUSD) stands on the longer-term, take a look at the 1D time-frame below. The current Bull Flag, could be similar to that of mid August 2021, which was formed half-way to a 1D MA50/100 Bullish Cross. Right now the new 1D MA50/100 Bullish Cross is emerging. This can be enough to sustain one last 2 week rally before a stronger correction: -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSD
by TradingShot
20
TOTAL CRYPTO-CAP, Paramount Formation With Pennant-Potential!Hello, Welcome to this analysis about the Total Cryptocurrency Market-Cap on the 3-day timeframe perspective. Many determining factors in recent times have contributed to important developments in the Cryptocurrency Field in the recent times. In this case Cryptocurrency is getting more and more public mainstream attention as institutions as well as old economy participants moving into Cryptocurrency. In this case it is also important to take the technical aspects into consideration and therefore I detected important factors that will alter the whole dynamics in the next time. Therefore I detected the most important formational structures, price-levels, and upcoming determinations to consider here. As when looking at my chart now we can watch there how the Total Cryptocurrency Market-Cap is building this huge descending triangle formation with important supports within the structure and the coherent wave-count from A to C that has been already completed. Now the Total Cryptocurrency Market-Cap bounced within the lower boundary of the triangle and also matched with the momentous ascending trend line marked in blue in which the asset also bounced. Besides that the Total Cryptocurrency Market-Cap is holding greatly above the 65-EMA as well as 20-EMA and there is a high likelihood possibility given that the Total Cryptocurrency Market-Cap from here on shows up with a breakout above the upper boundary of the formation which will activate the further developments. In this case, the first target will be the initial target-zone and when this has been reached and the Total Cryptocurrency Market-Cap has developed strongly enough then the Wave-C-Extension-Target-Zone will be the next target to be pointed, it will be an interesting development ahead. In this manner, thank you for watching the analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
CRYPTOCAP:TOTAL3
by VincePrince
7
BITCOIN broke its 3 month consolidation! What's next?Bitcoin finally broke above the 3 month consolidation that started after January 05, which was in the form of an Ascending Triangle pattern. Yesterday, the price broke above the Triangle's Resistance and at the same time the 1W MA50 (red trend-line) and is about to test the 1D MA200 (orange trend-line) for the first time since January 02. As mentioned on my most recent analysis two days ago, the 1D MA200 was BTC's first target in the event of a Triangle break-out: Now let's look at the dynamics more closely and see how the price action over the past 12 month period can set parameters for this rally. First, the long-term Channel Up that Bitcoin (BTCUSD) has been trading in since the April 14 2021 High (All Time High at the time), is not a new concept. It is an idea that I first introduced on the 1W time-frame, back on January 25: ** The Channel Up, the 1D MA200 as a pivot and the 4H MA200 as a Support ** So, based on the last rally that started after the previous Higher Low (bottom) on the Channel Up, if the price breaks the 1D MA200, it could continue as high as the 0.618 Fibonacci retracement level (55300) at least, before considering a pull-back. If it gets rejected though on the 1D MA200 and fails to close a 1D candle above it, BTC could seek the 4H MA200 (green dotted line) as a Support before it resumes the uptrend. That trend-line (4H MA200) is critical to the current break-out, as in the July - September 2021 rally, it maintained the bullish momentum and when it broke (after the price marginally broke above the 0.618 Fibonacci), the pull-back of Bullish Phase 1 came. As a result, if the current rally breaks above the 1D MA200, look for the first signs of a pull-back when the 4H MA200 breaks. ** The 1W RSI peak ** A similar benchmark that may indicate the peak of Bullish Phase 1 of this new rally to a Higher High, is the RSI on the 1W time-frame. It seems that the current leg is fairly symmetrical to the July - August one, so if the 1W RSI hits the 62.10 Resistance and fails, look for a price pull-back. This pull-back shouldn't be much lower than the 0.382 Fibonacci retracement level (46800). If we see buy accumulation there, then the Bullish Phase 2 could start and complete this rally near the Higher Highs trend-line of the April 2021 Channel Up. Do you agree with this road map to a new All Time High? 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
25
BITCOIN, Breakout 200-EMA, MASSIVE Double-Bottom VALIDATED!Hello, Welcome to this analysis about Bitcoin and the daily timeframe perspectives. In recent times important changes occurred in the whole Cryptocurrency Market Interface and this has been reflected in the Bitcoin Real Price-Action with Bitcoin again establishing a major underlying paradigm-shift to break through key levels within the last establishments. From a Fundamental News Perspective, we have seen important institutional developments such as Exchanges like Binance or Coinbase moving forward with their expansion in the Cryptocurrency field as well as classical economy sectors, we have also seen the CME group launching its Micro-Sized Bitcoin- and Ethereum Options as well as other Countries speculating about the adoption of Bitcoin and Crypto as a legal tender. All these developments showing a fundamental demand still present and in this case I detected the major underlying formational structure to consider now, Bitcoin also showed up with the more likely bullish breakout off the main triangle-formation that I mentioned, if you did not see it already I highly recommend to watch it to have a full-depth-overview. As when looking at my chart now we can watch there how Bitcoin greatly formed the breakout above the 200-EMA resistance, the 200-EMA in this whole development is a highly crucial EMA because it served as support- and resistance several times in Bitcoins developed price-actions. Now Bitcoin managed to heavily breakout above this EMA also matching with the main $44,300 resistance determined by the neckline of Bitcoins massive double bottom formation. The fact that Bitcoin now exploded above this critical intersection-point has confirmed the completion of the whole double bottom formation as seen in my chart and activated the target zone. In the near future a validation formation above the neckline is likely from where Bitcoin will have the abilities to build upon and continue to the target-zones in the $52,500 level seen in my chart. Once Bitcoin will have reached out to these zones it will be determining on how Bitcoin continues from there and if Bitcoin manages to move forward with a continuation formation or firstly pulls back, if Bitcoin then finally manages to breakout above the $52,500 level this will lead to the continuation within the Bullish-Paradigm-Continuation-Zone, it will be an interesting development ahead. In this manner, thank you for watching the analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
19
BITCOIN puts the conditions of previous market bottoms to testBitcoin is yet again approaching the Resistance under which it's been trading since January 05. Practically the whole year so far has been a consolidation within a Triangle pattern, which technically resembles accumulation phases of the past. More specifically, those accumulation phases are seen in market bottom structures and in this analysis I quickly present the two most recent: the March/ April 2020 (following the COVID meltdown) and the December 2018 - March 2019 (following the bottom of the 2018 Bear Cycle). As you see, the similarities between the three are so far remarkable. All three Triangles show an ascending 1D RSI reading. The 2020 and 2019 ones both formed a 1D Golden Cross, after the price broke above the Triangle's Resistance and the 1D MA200 (orange trend-line). Before doing the Resistance break-out, the 1D MA50 (blue trend-line) had turned into a Support. Right now, the 2022 sequence, is very close to its Triangle's Resistance and the 1D MA50 has turned into a Support for the past 10 days. The 1D MA50 and MA200 are again converging and this may be an early sign that the Golden Cross will be formed within 3 - 4 weeks, which as per the previous bottom fractals, will be well above the Triangle. As a result, breaking the Resistance is the ultimate market bottom buy signal. Do you think that if it breaks, while the 1D MA50 is supporting, we'll have already priced the new market bottom? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSD
by TradingShot
13
BITCOIN Can it ever reach the magic Fib 3.0 extension of 1m USD?Since its inception and after it started trading, Bitcoin (BTCUSD) has been making (much) higher tops on each of its market cycles. Everyone reading this knows that is growth rate is tremendous and has been supported by its Parabolic Growth Curve (the black trend-line on this chart) over the years. The last two Cycle Tops have come close (but didn't hit) to the Fibonacci 2.5 extension. The previous Highs made contact with the lower Fibs of 2.0 and 1.5. Naturally, the question that comes to mind is will it ever reach the next Fib extension in line, the 3.0, and if yes, when could that be? Well based on its historic pattern performance, it is a question of when and not if. The when is hard to answer, as Bitcoin may very well continue trading the next Cycles within the Fib 2.0 - 2.5 extensions, as it has been doing for more than a year (from Dec 2020 until now) and even fulfil the parameter of touching the Growth Curve at the bottom of the next Cycle, without breaking out of range. The longer it goes, the more the market will mature and as Bitcoin receives mass adoption, the extraordinary gains of the past will become less and less realistic. It can be argued even that if the Support Growth Curve dictates the lows, there should be a Resistance Growth Curve that sustains the Highs of the Cycles. That is the mathematical logic behind logarithms that Parabolas turn asymptotic and that suggests that at some point this Growth Channel (of Support and Resistance) may turn asymptotic and stabilize the prices, neutralizing the massive volatility of BTC as we've known so far, as massive adoption of the technology is achieved. Apart from this theory, and to answer the question of this idea, I believe that it certainly can reach the 3.0 Fibonacci extension level, and most likely when it does, it will reach the $1m mark, making Bitcoin a million dollar asset! Technically that is any time after October 2023. Perhaps that would be one of the next times that the 1W RSI hits its historic Resistance Zone (as this matches the hits or near hits of BTC on the Fib extensions). So what's your view on this? Can Bitcoin reach the 3.0 Fib extension and turn into a 1 million USD asset? 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
49
BITCOIN Perhaps the most critical week of allWe are seeing Bitcoin recovering since last week and so far into the current, we sit on the 2nd straight green 1W candle. This is perhaps the most important week that may show if BTC will restart the long-term bullish trend, or will dip and make a new bottom much lower that the 2022 low. The key here is the 1W MA50 (blue trend-line), which will most likely be tested by the end of this week. The price has failed to close a 1W candle above it, for 12 straight weeks. It is obvious that a break above the 1W MA50 will be a major buy signal. What may be even more important that this, is the 1W RSI, which is forming a pattern that was previously seen in the bottom sequences of December 2018 - January 2019, November 2019 - December 2019 and May 2021 - July 2021. A common feature on all of those sequences is that the break-out came with the LMACD making a Bullish Cross, while at the same time the price broke above the consolidation's Resistance. Right now Bitcoin is very close to the LMACD Bullish Cross, while the RSI is on Higher Highs and is starting to break to the upside. The consolidation's (bottom sequence) Resistance is just below the 46k mark. Coincidentally, this is exactly where the 1W MA50 currently is. Has the time finally come for BTC to break above it? 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
46
TOTAL CRYPTO-CAP, Bullish Perspectives As Bull-Flag Builds Up!Hello Cryptocurrency Community, Welcome to this new analysis of mine about the Total Cryptocurrency Market-Cap displayed as the market-cap valuation in US-Dollar on the 4-hour timeframe perspectives. In recent times many mixed signals have hit the market however what is a prevailing imperative in this market environment is that the Bitcoin and Cryptocurrency technological mainstream adoption is actually moving forward, this is also why we did not have seen a devastating breakdown to the downside yet. There are further mainstreams adoptions markable such as Rio de Janeiro saving a part of its GDP to hedge against inflation, old economic investment bank Goldman Sachs completing its first Bitcoin Over-The-Counter trade or Malaysia considers to make Bitcoin a legal tender which would be the second country to move on with this fundamental action. These establishments show that the demand to adopt Bitcoin and Cryptocurrency is not decreasing however, in this case, it is also necessary to watch on the actual Price-Action-Determinations therefore I detected important signs, formations, and what to expect in the upcoming times. As when looking on my chart now we can watch there that the Total Cryptocurrency Market-Cap Price-Action recently managed to breakout above the 710 Billion US-Dollar valuation mark and increased bullishness above this region to form a higher high in this zone. Besides that, we can watch a main ascending-channel-formation developing in the range marked in my chart with the orange channel. In this channel the Total Cryptocurrency Market-Cap is developing a wave-count of which the waves A and B are already completed. Now as the Total Cryptocurrency Market-Cap is approaching the main local resistance this is indicative for a pullback to the downside which will complete the wave-count with the wave C. When this happens the Total Cryptocurrency Market-Cap has substantial support within the major Structure-Support marked in my chart in blue, when the Total Cryptocurrency Market-Cap manages to bounce in this zone it will be the appropriate origin of the completion of the whole channel as a bull-flag once the price-action settles above the upper boundary it activates the main target-zone seen in my chart. In this manner, thank you for watching the analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
CRYPTOCAP:TOTAL3
by VincePrince
2
BITCOIN The Vortex Indicator shows the bottomThis is Bitcoin on the 1M (monthly) time-frame where the short/medium-term noise is filtered out and cyclical behavior can be better illustrated. A rather 'unappreciated' indicator is the VI (Vortex Indicator), which on this long-term chart, gives a clear signal on where the bottom might be in. As you see, every time the red line of the VI crosses above the blue line (Bearish Cross) on the 1M chart, then by the next 1M candle, the market bottom is priced in. Basically in a total of 4 occurrences since 2011, all bottoms have already be in by the time of the VI Cross, and only the January 2015 candle priced the bottom straight after the Cross. Right now, the VI is on course to form a new Bearish Cross, probably by April or May. If this sequence continues to play out, then by the May or June monthly candle, Bitcoin should price the bottom (if not already in). Note that on the August 2012 and September 2020 monthly candles, BTC was above the 1M MA20 (green trend-line), while on the January 2015 and December 2018, it was below. Do you think the price will break below the 1M MA20 by May/ June or the bottom is already in? 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
33
BITCOIN close to a LMACD Bullish Cross. What does the past show?The LMACD (MACD on the logarithmic scale), is a very useful indicator when trying to identify trend shifts, especially on the long-term time-frames. It is particulary fit to Bitcoin when analyzing its historic Cycles on the 1W chart. It appears that the LMACD is only 2-3 weeks away from forming a Bullish Cross (blue line crossing above the orange line) on the 1W time-frame. As the specification suggests, it is a bullish formation technically, and history certainly agrees with it as in a total of 16 LMACD Bullish Crosses only 2 failed to deliver a Higher High. In fact, both of those where the first Bullish Cross in the last two Bear Cycles (red Rectangles). Assuming that since April 2020, BTC is running on a new Bear Cycle (the smoothest as I've called it in past analyses), we see that it has already made one Bullish Cross that delivered a rally and not a new Low. If the upcoming Bullish Cross fails to post a new rally, it will historically be the first time to do so as a 2nd Bullish Cross within a Bear Cycle. It is obvious that odds are vastly against this scenario and most likely the next LMACD Bullish Cross on the 1W time-frame will deliver a rally that will leave behind the Cycle's market bottom. Would you agree or you think this time is different and the next Bullish Cross will deliver a new Low (likely the market bottom)? 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
12
💥UPDATE - HERE IS WHY BITCOIN WILL DROP TO $15,000😬Please support this idea with a LIKE👍 Not a financial advice🙅🏼‍♂️ My bias is based on the fact that after a particular region has been serving as a reliable support for a very long time as seen here, it will become weak and price will eventually break it and hit a low. Extreme fear will set in, then price will take off for a new high. This idea is based on historical price movement on the chart. This idea is a speculation, not an affirmation. Before you criticize, read my reasons here👇👇 If you study the chart closely, you will notice that in DEC’2017 , Bitcoin price hit an all time high at $19,000 . Then it started to drop. Price was falling from DEC’2017 - OCT’2018 with $6,000 price serving as a reliable support. Unfortunately, the controversies between Bitcoin Cash developers in 2018 and some other factors made Bitcoin break the major support level at $6,000 in November'2018 . Then price dropped from this support level breakout from $6,000 to $3,200 Then Bitcoin price spiked from $3200 to another high at $14,000 in JUN’2017 Then price kept falling from this high in a descending channel pattern. Then later broke the support region which made Bitcoin price crash from $7,400 to $3,800 in March’2018 . This Bitcoin crash was caused by the COVID’19 outbreak. Then surprisingly, Bitcoin spiked from $3800 to a new ATH at $64,700 in APRIL’2021 Then price dropped to a new region which became a reliable support for Bitcoin at $29,000 - $31,000. Price has tested this zone 3-4 times. Therefore, I expect Bitcoin to test this region again and break it. As indicated on the chart, each time bitcoin break the support region, it falls by 47% - 49%. Therefore, I expect a crash by 47% from the $29,000 - $31,000 support region to $15,000 - $16,000 region. Also, a major/global crisis is always the determinant factor that influence the support region breakout. In 2018, it was influenced by the Bitcoin Cash developers disagreement. In 2020, it was influenced by the coronavirus outbreak. For 2022, the support region is yet to break . Which crisis did you think will break this support region? Share your opinion in the comment section✍️ You can also demand for analysis of your preferred coin Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Short
by PetrockFxTrading
14
BITCOIN $100k or $25k? Comparing today and 2015.Two fractals of now (2021/22) and then (2015/16), two different time-frames (3D and 2D respectively). It is evident that price-wise the two sequences look the same. The MA50 (blue trend-line) is the Resistance, when it broke in 2015, the rally of the recovery started. A Higher Highs trend-line on both. However, the RSI in 2015 has been on Higher Highs too but currently, since 2021, it is on Lower Highs. Potentially that indicates a hidden Bearish Divergence. So far the MA200 (orange trend-line) is supporting but if we close below it, this RSI Bearish Divergence could develop into a price bearish trend. A break above the MA50 invalidates that and should be enough to kick-start the rally towards $100k. Which of the two will prevail? The RSI Bearish Divergence or the MA50 will break? 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
53