Bitcoin Indicator Analysis BLXAn idea using more indicators than usual
Patterns within TSI can be identified, assume that the 2017 parabola repeats (green circle on TSI)
Rounded top can be seen to produce consistent results throughout the history of BTC
My gut tells me that another 2017 parabolic wont occur again, and the different in structures on these indicators will account for that
I still believe Ethereum has a lot more potential for long term returns than BTC, and ill keep believing that until it eventuates.
Above is an analysis of the 2018 Bear Market for BTC
BLX
BTC/USDT (Good Sign of Strength?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin is showing signs of strength today
-As the price respected the 9MA in the daily chart
-It also confirmed support of around 48k dollars
-If we want to see a more Bullish scenario
-BTC has to break above the trendline resistance
-And hold for a few days to invalidate the potential fake out
-We still have few hours left before this candle closes
-The weekly candle will potential show a good sign
-To invalidate the previous bearish engulfing weekly candle
-I think we will have more sideways trading action this week
-This will give a good oppurtunity for the Altcoins
-Stay healthy and always plan your next trade setup
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BTC/USDT (New Daily Resistance Line?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin is rejected around 52k dollars area only hitting my 1st target
-The price now pulling back to its previous support range
-This is not good in terms of bullish price action
-Because this test the Bulls if they can still maintain in good shape
-A candle body break below 43k will confirm a daily Lower High at 52k dollars
-And likely to test the 40k psychological support level
-If I want to see strength, BTC must hold its current price level
-For the next 3-4 days with green candles
-And retest the trendline resistance again for a potential upside breakout
-I can't confirm this will play out but we will have a new analysis every day
-We always trade what we see not what we feel
-So please be prepared for both scenarios
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BTC/USDT (The Bulls Are Back?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin reaches my 1st target area from my last published idea
-If and only if BTC can hold above 47.5k dollars
-We will have our next target of around 55k dollars in the next few days
-The bulls are in control for the time being
-The daily must close above 50k dollars to gain momentum back
-For now, the market is safe and I think the Altcoins will try to catch up
⚠️Please always read the description⚠️
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Playing with some cool indicators BLXTarget using this indicator is around 130K
Indicator is called "Top Cap" and "Average Cap"
Plotted the bear runs and bull runs also
It can be seen that the recent bear market was the longest for BTC
Hopefully inversely the new bull run (x) is the longest also
A previous analysis of mine using these indicators
BTC/USDT (Short-term Downtrend Completed?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin bounces strongly at 200MA in the 4H time frame
-Confirming this Bullish descending channel
-If the Bulls can close the daily candle in green
-The chances to test the 53k dollars area increases
-The correction might be over and start a new trend?
-We will have to see how the price reacts above the 50k level
-For now, we are safe and waiting for the Altcoins to catch up
⚠️Please always read the description⚠️
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BTC/USDT (44k Dollars Daily Support?)💎Technical Analysis Summary💎
BTC/USDT
-We have two potential Bullish scenarios for Bitcoin today
-First is to hold the current level and bounce up to 51k-53k dollars
-Because we can see two rejection at 44k dollars support area
-This zone is a confluence of previous resistance and 0.5 Fib level
-That is a good reason for price reaction on the 2nd retest
-The second scenario is a mid correction down to the 50D MA support
-With conjunction of the golden Fib 0.618 which can act as a strong buy signal
-But if the second analysis will play out, expect the over-all market to follow BTC
-So please be prepared for both scenarios as we are in a correction phase
⚠️Please always read the description⚠️
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BTC BEYOND FUDThis is not a dip folks.. bitcoin dropped from 60k to 45k that's insane.. i am assuming tether exit is nearby or maybe it could be some profit taking.. god knows best!
careful if u are in profit maybe consider 50% profit taking and rebuying at lower price.. Remeber those who are here longer makes the most gains.. if you get liquidated or lose them gains you wont be here when btc hits 1 million in 2030. Take profits simps!!! and may god be with you !!!!
this is ugly and i fear we might even go lower to retest 20k break! assume the worst and you wont be surprised :)
BTC/USD (Short-term Weakness?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin failed at 52 dollar resistance zone and has now come back to its recent low
-The 45k local support must hold if we want a shorter consolidation
-And bounce up to break the new resistance trendline around 50k level
-To invalidate these bearish signs in this short term analysis
-Worst-case scenario, BTC will retest the 41k dollar area which was previous resistance
-Plus with the confluence of 200MA in the 4H time frame
-There is a good chance of reaction bounce if the price will go that deep
-So prepare for another correction including most altcoins
-I expect the Altcoins to test their 50D MA support if we get there
-Crucial time for both BTC and Altcoin, we are about to enter the weekend
-Please trade responsibly and follow your plan
⚠️Please always read the description⚠️
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seba26-77 🙏🎉
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BTC/USD (20D MA Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin just had a -23% retracement from its top around 58k dollars
-The price retested the 20D MA for the 3rd day and still holding
-If we want to see a strong uptrend momentum
-Bitcoin must not close below 20D MA in the coming 1-3 days
-Because if it does, we might see a potential test of the 50D MA below
-That would be around -30% retracement and Altcoins will have another correction
-Though the overall market is still in a Bullish cycle
-Expect a much longer consolidation around 40k level if this 2nd scenario will play out
-But I think it will be a good opportunity for the Altcoins to recover during a long period of sideways trading
-Please be prepared for both scenario and have a trading plan before you click the trigger button
⚠️Please always read the description⚠️
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Respecting the Fibonacci Circle - TransitionsThis is the BLX chart
Consistently through 1 - 1.618 a down move can be witnessed as price crosses into the next fib ring.
This is cool because it shows the power these tools have over price, and the power of analysis.
Current price has broken to the upside
Very bullish for BTC however I still recommend ETH (a lot of smart people behind it)
Bet I guess.
Some more analyses for BLX
BTC/USDT (Short-term Consolidation?)💎Technical Analysis Summary💎
BTC/USDT
-The 50k breakout and restest was perfect and hit my potential target of around 57k dollars
-Bitcoin is ready for short-term consolidation again and it failed to go above 58k dollars
-Our guide is the 20MA moving average on 4 hour time frame period
-This has been tested recently the price bounce up by more than 5%
-If BTC will retest this dynamic support again we will have to observe any price rejection
-If it does, I think the 54k-55k area is our new local support
-There is no major red flag today, these are only signs of profit-taking at this high level
-Since Bitcoin's volatility is high, always expect a price movement of more than 5%
-Regarding the Altcoins health, they are still safe provided we will not go below 50k dollars
-We still have few hours left before the weekly candle closes
-And it seems it will close bullish green
-Interesting trading action again for the next 7 days
⚠️Please always read the description⚠️
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If you thought this Bull Run for Bitcoin was ending soon.....Think again and zoom out of those 1, 2 ,5 ,10, 1 hr 4 hr time frames once in a while to get the bigger picture.
Comparing to previous fractals and trend we are not even halfway there yet. Enjoy the ride and most of all have patience!!
We should be fortunate to have access to all of these tools
BTC/USDT (New All Time High)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin broke another All-Time High today at 54k dollars
-The previous resistance of around 50k dollars is retested as new support
-The price bounces up with the confluence of 20 Moving Average
-If the Bulls can send more follow-through in the coming hours
-The potential next target is 56k to 57k dollars
-Please don't short the market especially there is no resistance ahead
-Some altcoins might pullback due to money flow transfer back to BTC
-Be ready with your Altcoins because once BTC starts to a pullback or consolidate
-Strong Altcoins will start moving up again and faster
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to miguelsotelo139 🙏🎉
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Bitcoin BTC Homeostatic Gripline to 80k - 86kHello everyone,
this is a simple proven trendline for the Bitcoin.
It allows you to see where the next big resistance is, a resistance which of course could then become a big support for the years to come.
Please pay attention to it because she is electric!
Best to you !
BTC/USDT (Challenge 50k Level Again?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin is trading just below 50k dollars
-And this level of resistance seems to be strong
-We can see this area has been tested 3x times already
-The Bulls still trying to push the price up to and interested to get in
-Our short-term guide is the 20MA on the 4H time frame
-We will soon have a market breakout direction within 24-48 hours
-Be prepared because the BTC Dominance chart is showing signs of strength
-This will lead to a minor pullback in most altcoins in the coming few days
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to miguelsotelo139 🙏🎉
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
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