Btcsignals
$BTC 1W showing Hidden BullishCRYPTOCAP:BTC 1W showing Hidden Bullish
What Is Hidden Divergence?
Hidden divergence is created when the price of a cryptocurrency carves a higher low, while the indicator creates a lower low. Typically a hidden divergence can also be categorized by a bullish or bearish hidden divergence.
For example, a bullish hidden divergence happens during a correction of an uptrend when the value of an asset makes a higher low. However, the oscillator is still showing a lower low. This usually translates that the bullish trend continuation signals trader to take profit.
Bearish hidden divergence, on the other hand, is the opposite. Meaning the value of an asset makes a lower high, but oscillators are showing a higher high. This signals a trend reversal in which a trader should stop loss and sell-off as soon as possible.
Possible Bottoming pattern forming It is very much possible that Bitcoin is forming a bottom as we speak , we have just had that distribution uptrust after a big move down where everyone thinks its going to reverse and then it comes back into range then everyone panics its going lower.
But really what happens is far more boring , we go back into a range for a breakout later when everyone been rekt both ways.
This bottom pattern appears in many different time frames , the larger the timeframe the bigger the move.
If we do breakdown further , CME gap at 20k is likely to close
Bitcoin scalping ideaBINANCE:BTCUSDT.P
Possible Targets and explanation idea
➡️We got Daily FVG marked with levels
➡️On 1H timeframe 3 main pools, 2 of them we swiped
➡️Walk from liquidity to another liquidity. now road to 27761 and 28701
➡️ At this levels need to see price reaction from sellers.
➡️ If there is no reaction road to 35-48 possible in October till May 2024 if we take a look globally
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BTC/USDT D ( downtrend & longterm ) BINANCE:BTCUSDT
Hey there dear attendants
It will be a pleasure if you could brace me with your supportive likes & comments if you would have tested my strategies
According to my analysis the downtrend of btc has been started and we should wait for 17000
is not financial advice
Bitcoin (Gann Fan Update)Its a very important time for Bitcoin in my opinion , within the next 8-10days we will get a large move above or below the 1/1 Gann , for weeks now we have been holding just under it.
Here is a zoomed in view on the daily.
As you can see we reach this apex 24th of August 2023 , of course its also possible we trickle sideways above the 1/1 but historically breaking the 1/1 on Bitcoin during this part of the cycle we get some type of action.
2015
If we go back and take a look on how price reacted to the 1/1 we can see a lot of violent swings ranging from 25-40%.
2019
This year was had way more reactions to the 1/1 and almost everytime it resulted in fairly large swings , this time ranging 45-60%.
2023
So for this year we have touched 1/1 once and it was the local high of the year , candle closed right on it.
2/1 Gann and Time
The bull market doesn't start until we break and hold support the 2/1 , the last two cycles it has taken about the same time 640days .
So if it repeats Bitcoin would be somewhere around 36500 during this period.
We also know it takes about 750 days from cycle low to reach previous cycle high.
So that would be Bitcoin back at 69k sometime in December 2024.
Conclusion
If the cycle repeats the Bull market will start sometime August 2024 at 36500 and Bitcoin will reach previous cycle high at 69k December 2024 which would then make a new cycle high October 2025.
BITCOIN The secret buy based on the GOLD/SPX ratio!This is not the first time we post this analysis but it as it starts to get increasingly relevant again, we thought it would be the perfect timing to refresh your memory. As you can see we are on the 1W time-frame, charting Bitcoin (BTCUSD) against the GOLD/SPX ratio(blue trend-line). The conclusion that this comparison offers can be very valuable.
When the GOLD/SPX ratio peaks and starts pulling back, Bitcoin starts the Parabolic Rally of its Bull Cycle. At the moment the GOLD/SPX ratio is at the bottom of a Channel Up similar to 2018 - 2019. When the ratio broke that Channel to the upside, it peaked as in February 2016 and started to decline. At the same time Bitcoin kick started its Parabolic Rally.
Will you be on the look-out for such a spike and then buy or buying now is as good as any? Feel free to let us know in the comments section below!
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$OGN Performing Falling wedge in 4h Breakout doneNYSE:OGN Performing Falling wedge in 4h Breakout done
Falling Wedge
The falling wedge can either be a reversal or continuation signal.
As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next.
As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern.
In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows.
Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows.
If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips!
A good upside target would be the height of the wedge formation.
If you want to go for more pips, you can lock in some profits at the target by closing down a portion of your position, then letting the rest of your position ride.
$FLOKI performing Descending $FLOKI performing Descending Triangle in 1d Yes I am interested to buy here
What Is a Descending Triangle Chart Pattern?
A descending triangle is a powerful technical analysis pattern with a predictive accuracy of 87%. The pattern is flexible and can break out up or down, and is a continuation or a reversal pattern.
A descending triangle has one declining trendline that connects a series of lower highs and a second horizontal trendline that connects a series of lows. A descending triangle can be bearish or bullish or a reversal or continuation pattern, depending on the direction of the price breakout.
A descending triangle occurring during a price uptrend, with a price breakout above the resistance line, is considered a bullish continuation pattern. (See chart below)
Conversely, a descending triangle occurring during a price downtrend, with the price breaking out above the resistance line, is considered a reversal pattern.
KEY POINTS
The descending triangle has a horizontal support line and a declining slope resistance line.
If the price breaks out of the triangle in the direction of the previous trend, it is a continuation pattern.
If the price breaks out of the triangle in the opposite direction of the previous trend, it is a reversal pattern.