Get started

Bitcoinsignals

BITCOIN is just getting out of this Cycle's bottom. Huge upside!In late February I posted the following analysis regarding Bitcoin's (BTCUSD) clear Bottom patterns on every Cycle, making valid arguments why January - February was a cyclical bottom formation for Bitcoin: The price has posted a new bullish leg since then, and it appears that we are on the right track to start a steady but strong rise again long-term. Notice how the price remains within the long-term Buy Zone, thus staying (in cyclical terms) still a solid long-term buy. On the current analysis, I am extending this chart a bit by adding a very interesting feature on a Cycle's horizon: The measurement from one bottom pattern to the next. As you see, on this 1W time-frame, the distance of the lowest level of the 1st Bottom pattern to the lowest level of the 2nd Bottom pattern was 183 weeks (1281 days). Similarly the measurement from the lowest level of the 2nd Bottom pattern to the the lowest level of the 3rd Bottom pattern was 171 weeks (1197 days). Finally (assuming January 2022 is indeed a bottom pattern), the distance from the lowest level of the 3rd Bottom pattern to the the lowest level of the 4th (current) Bottom pattern has been 165 weeks (1155 days). It is obvious that each sequence gets shorter in time by a factor of roughly 80 - 50 days. As a result in arithmetic progression terms we can claim that +/- some days, Bitcoin is coming out of this Cycle's bottom. The previous analysis of November shows that the price never hits the peak of the previous Cycle, so naturally 20k is out of the question. The big question is will it trend more or less aggressively this time? As mentioned above, as long as the price remains within the green zone, it remains a long-term buy. It is when it breaks above (usually on news/ strong fundamentals of adoption etc) that the real Parabolic Rally begins. I assume noone wants to be left behind. So what do you think about this Bottom fractal chart? Is BTC a good enough buy for you as it is on the current levels? 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
106
ETHEREUM, This FORMATION Can Indicate A CRUCIAL CONTINUATION!Hello, Welcome to this analysis about Ethereum and the daily timeframe perspectives. Since the Cryptocurrency Market recently has shown up with determining increased bearish volatilities the whole market interface has altered and now it will be decisive on how the market moves on further as a whole and especially in which direction it will move on. Therefore Ethereum is an important symbol as it is the second-largest Cryptocurrency within the market and in this case, I detected the pivotal determinations we need to consider here. As when looking at my chart now we can watch there how Ethereum together with these recent bearish declines and the previous price-action has begun to form this major ascending-channel formation in which it has a coherent wave-count with the waves A to C already completed. Now as Ethereum moves on further with the wave D in the structure there is a high likelihood given that Ethereum approaches the main remaining support-cluster within the lower boundary marked in blue in the next times. From there on Ethereum will basically complete the whole wave-count with the wave E moving into the upper boundary again, if Ethereum then pulls back heavily from there on this will lead to continuations and the whole formation will be completed with a breakout below the lower boundary from where Ethereum will activate the lower target-zones showed in my chart, once these zones have been reached the situation needs to be elevated again and Ethereum needs to show in which direction it heads, it will be an important development. 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
7
BITCOIN Is the correction over?This is an update to last week's medium-term analysis that was centered around Bitcoin's (BTCUSD) Channel Up and the bearish - bullish break-out levels: ** Bearish break-out on clear levels ** As you see, the Flag pattern, that started after the price made a new Higher High at the top of the Channel Up, failed to break above the (bullish) invalidation level (48,300) and instead broke below the Flag's bottom (Lower Lows). After a short consolidation around the 4H MA200 (orange trend-line), it also broke below the Internal Higher Lows trend-line. All levels were clearly mentioned on that idea last week. ** The 1st Higher Lows trend-line ** Now on today's analysis, I will make one small but can turn out to be critical addition to the technical mix. That is the First Higher Lows trend-line (green line) which is parallel to those (Higher Lows) of the bottom of the Channel Up. As the chart shows, this has offered a support and bounce point to Bitcoin six times since January 27. The price came yesterday just a fraction before hitting it and we already see a minor rebound reaction. ** The MACD and Death Cross ** On top of all these, the 4H MACD indicator is about to make a Bullish Cross, and is in a similar position as it was on the February 24 bottom. Interestingly enough, that previous (Feb 24) bottom that made a new Higher Low on the Channel Up, took place exactly when the 4H MA50 (blue trend-line) crossed below the 4H MA200 and formed the well-known Death Cross pattern. Technically, we are just one day before those two trend-lines form a new Death Cross. Will those be enough to form a bottom now and extend today's small bounce into a larger medium-term rebound within the Channel Up, or the price will make one last pull-back for a 'clean' Higher Low at the bottom of the Channel Up? 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:BTCUSDLong
by TradingShot
23
Bitcoin update - #BTC Update Technical update Taking a step back and looking at the daily chart we can see that the ascending channel is being respected. Not only that but the 0.78 Fib has been acting as a strong support level. The $39k area is a confluenced support that is comprised of: - Point of control - Bottom of the channel - 0.78 Fib Three technical supports that have held strong. If we look closely at this chart we can see that the ichimoku cloud is thin and was prone to being pierced either way. The Bottom of the channel has been tested 6 times while the top has been tested 5 times, now this is not extremely pertinent because in an ascending channel the bottom has a head start. In any case one of these channel limits will break. Bull Scenario: The market WANTS to go UP! Yess it does, believe it or not , retails and institutionals both want it up right now, and that is at least to the top of the channel. However we will see resistance at fib 0.618 ($41500) and fib 0.5 which is confluencial with ichimoku resistance. Bear Scenario: If we do not manage to hold the point of control, we will be heading for $35k and the next possible supports that are noted on the chart. Trading at the extremities of a channel has it s risks and perks, the risk being that the return to the channel is fake and continuation may occur and the perk being the good RR ratio.
Long
by SublimeTraders
5
BITCOIN Cycle's Fib Supports intact with the 1D MA50 supporting.I have made numerous analysis on multiple time-frames comparing the April 2021 - April 2022 Cycle to that of July 2019 - September 2020. This time I am adding one more element on the 1W time-frame: The Fibonacci retracement levels. As you see, Bitcoin (BTCUSD ) is currently trading within the 0.382 - 0.618 Fibonacci retracement levels with the 1D MA50 (red trend-line) supporting. The 1W RSI has broken above its MA since the March 14 1W candle, which signaled the bullish break-out above the 1D MA50 and the end of the 3 month consolidation phase at the bottom of the correction since the November 2021 High. That is a very similar position Bitcoin had in early May 2020 i.e. trading within 0.382 - 0.618 Fib with the 1D in support and the 1W RSI above its MA. What followed was roughly a 4 month slow rise of Higher Highs and Higher Lows first within Fib 0.382 - 0.618 and then 0.618 - 0.786. What does this mean for us now? This suggests that if Bitcoin manages to hold the 0.382 Fib as Support and consolidate, it is more likely to see a Higher High to 55k (0.785 Fib roughly) and then by the end of Q3 a test of the All Time High. Do you expect it to hold? 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
41
April 10th 2022: Bitcoin prediction $15,000. $38K next.Kuala Lumpur, Malaysia: Bitcoin will be the next move towards the $38K towards the $15,000 price prophecy. We have seen Bitcoin in a bull run and we enjoy the uptrend and sentiments hypes towards the $100K as many analyst bombarded with the demands towards 2 million left to mine. What we see in actually a reverse. What if anything we projected like the analyst told to be $100K is just another sentiment to create hype and it will never happen to make retails traders believe? Our team of crypto whales had a meeting. The actual plan is going to be reverse. We sell the gossip and buy the facts. World is now changing. Trading changing with times. The change is so fast. Nothing in trading is fixed. Our trading environment and style has been change before the pandemic. Now after the pandemic, it change significantly. In cryptocurrency, the system is important. We cant defeat the system. We should follow the system. On the other hand, people rushing and deposit the crypto while the reality is system inside the crypto is going to determine all of works. The system push down so hard in the mining sector. Thus, it makes others deposit become negligible. Next week people will convert their bitcoin into stable coins. We are in the pursuit to stable the crypto system and energy mechanic. In my webinar, I saw lots of people asking to me why the crypto in not like old days. Why the crypto is not hype back then like last year or 2021? They do not understand the system. They do not understand the environment. They do not understand the maximalist (right now silence as they planned something). What they know is deposit- at the end, the system goes down and the price went down. It makes retails trader baffled. I will make a webinar meeting session to explain this in 8 hours session to cover this topic and to reveal what is behind the agenda. Thanks!
Short
by Zezu_Zaza
Are Bears Playing With The Bulls Balls ??Weekly Time-frame Seems like we are respecting the Breakout Area or the demand zone we will see if we are able to hold this position we can expect more to the upside if this holds. We are currently in the High Volume Node in the VPVR which is a good Support. 1D Time-frame We are currently in the demand zone. which most probably will hold We are creating a Bullish Harami. Expect more to the upside for the day. 4H Time-frame Resistance is waiting at $42,911, $43,287, $43,926. We are making a double bottom and also the awesome oscillator is twin peaks bullish. RSI is also bullish, VPVR is Low Volume Node, Higher Volume Node in VPVR is waiting at $43,287. We will discuss more on the possibility on our Live. Stay tune and check with us! Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news Trade Scholar, the best cryptocurrency educational community online! Find the content above difficult to understand? Feeling lost about how to trade? Want to learn how to do your Own Price Prediction? We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together! Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Short
by Trade_Scholar
2
BITCOIN holding critical Support so far! Expect +55k if it holdsThis post is an update to the analysis I made 10 days ago: ** 1D MA200 rejection ** The main focus of that was the price breaking a 3 month consolidation pattern and the importance of the 1D MA200 (orange trend-line) as a Resistance. As you see that Resistance held and Bitcoin (BTCUSD) got rejected back to the 4H MA200 (red trend-line), which it tested yesterday, as the first line of Support on the short-term. This sequence is fairly similar to the start of the rally after Bitcoin's last bottom fractal in late July 2021 within the long-term Channel Up. On the current idea, I've added a few extra levels/ factors, which are important in their own way. Such as the Higher Highs trend-line of the bottom sequence, being a Resistance level on both fractals. ** The Support levels: 4H MA200, 1D MA500 and 0.236 Fib ** As mentioned, the 4H MA200 is the first from a series of Support levels. The 1D MA50 (blue trend-line) is following closely but a key set of levels are the 0.382 and 0.236 Fibonacci retracement levels. The 0.382 was a rejection point in July 31 2021 but this time it marginally broke before rejection. The 0.236 Fib though is roughly where the 1D MA50 is and in 2021 it held upon contact and delivered a strong rebound. ** The 0.618 Fib as the next Target ** The rebound was just above the 0.618 Fib, which is in our opinion the next medium-term Target (roughly above the $55000 mark). Notice also the 1D RSI sequence. The recent High was made roughly around that of the July rejection. If the indicator follows a Channel Down sequence from now on, it would largely confirm that the 2021 fractal is still in play. So what do you think will happen now? Will the Support Zone of the 4H MA200 - 0.236 band hold or this time we will see lower levels? 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:BTCUSDLong
by TradingShot
51
BTC technical analysis 4/2/2022 *NOT FINANCIAL ADVICE*51.4K within 12 days? (4/14/2022) based off inflection point on trend line (arrow 1) I think it will happen by Monday IMO (3 days) this is based on previous symmetrical top (arrow 2) potential marker for near symmetrical retracement based on previous high in bearish cycle (assuming our retrace up looks similar) (arrow 3) My technical reasoning: -Ascending triangle was formed and a breakout was confirmed -Triple bottom formed within the ascending triangle (2 bullish charts is a good sign for me) -Momentum & Money Flow Index are in line with Stoch RSI potentially confirming the start of a larger trend. -MACD is on the cusp of a reset whales & Institutional buys are the brunt of this next inflow. I'm personally going long. Anti-Hedge
Long
by squirrelnutz
The Triangle Of Death (Bitcoin Event May 2022)We have been here before , August 2019 to be exact. Traded the same type of triangle down to a 7k Bitcoin at the time. Take a look below (First TA so rough around the edges ,also ignore the x50 it was a different time lol) Just like 2019 I think there is more a chance that we come down than up. Fib Circle 2.36 Fib Time Zone 2.618 Last week of may 2022 we will most likely break this triangle down to the 200 weekly. 200 Weekly Prices Today - 21000 May 25th -22400 July 23rd -24100 Price can of course wick down lower than the 200 weekly it has historically but we have never closed a weekly under it , take a look below . The last Chainlink fib sequence will come into play , May 23rd 2022 , using LINK/BTC dominance chart I discovered this Fib time sequence that has caused massive moves in LINK and BTC so next and last date May 23rd 2022. So last two death cross on the 3D chart has resulted in Bitcoin moving down to the 200 weekly Predicted cross 19th of May . And finally on average it takes Bitcoin 400 days to go from cycle peak to 200 weekly, which end of may would be 400days. (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 So everything all of sudden is coming together for end of may 2022. 1. End of the Fib circle 2.36 2.End of Chainlink sequence May 23rd 2022 3.200/50 Death Cross 3D predicted cross 4.Average of 400 days from Cycle Peak to 200 weekly Its so crazy seeing everything lining up , Buckle up!
INDEX:BTCUSDShort
by Sporia
1
BITCOIN Is this a Bull Flag or the start of a down-trend?Bitcoin (BTCUSD) has been pulling back since its March 28 Top. That top was a Higher High in the wider pattern of the Channel Up, which Bitcoin has been trading in since the January 24 bottom. ** The Bull Flag ** The pull-back is so far a Bull Flag, which essentially is a Channel Down when an asset is on an uptrend that hasn't broken below its previous Higher Low of the main trend. Those Higher Lows are what I marked as 'Internal Higher Lows trend-line'. ** The 4H MA200 and the downtrend ** The previous Bull Flag that marked the last Higher High of the Channel Up (February 10), was false and eventually failed, i.e. the price broke below its bottom (Lower Lows). After a short consolidation around the 4H MA200, the downtrend eventually made a Higher Low at the bottom of the Channel Up. As a result we should keep an eye on the current Bull Flag's bottom. A break should lead to the 4H MA200 (it's not that far off after-all) and a break below the Internal Higher Lows, will open the way for the new Higher Low. The 4H MACD so far shows that we are in a similar pattern to February. ** Invalidation ** However, a break above the 4H MA50 (blue trend-line) or better yet, the 48,150 High, is the invalidation level of the Channel Up, and most likely will lead to a quick test of the 52150 December 27 High. Which scenario do you think is more likely to take place? Pull-back towards the Channel Down's bottom (roughly 38000 level) or invalidation towards 52150? 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
37
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