Bitcoin - Trend Line Flips From Support To ResistanceHello traders, here is my analysis for BTCUSD.
BTC has broken below the trend line which it was previously using as support.
- If you remember in my last post I stated that if BTC was to break below it's possible that this trend line could become resistance.
- This is exactly what happened, as you can see BTC is now using the trend line as resistance and is following it precisely.
- This doesn't really change much in the overall analysis for BTC, however it does add an extra step if price was to break out.
*Here are the Bullish signals to watch if price is going to break out.
1) Price will need to break above the trend line and remain above. (It's okay if it dips below just as long as it doesn't close below on the daily TF.)
2) Price will need to break and confirm above resistance at $31.4K. (Previously price did break above however it did not confirm, hence why it dipped back into the "Grey Box Zone" after a couple days.)
3) Once those 2 requirements are met, BTC will be in a great position to head up to $33K (Take Profit #1) and above.
***Important note***
- This week I believe will be the week that BTC makes it's move whether to the upside or downside. (Probabilities still favor the upside.) The FED will be speaking about inflation this week and if I remember correctly some economic data is scheduled to be released as well. Based off prior events it would stand to reason that this could be the catalyst that BTC needs to finally make a move.
- If the data is positive BTC should pump.
- If the data is negative BTC should dump.
This is an important week for crypto and stocks,, keep a close eye on the news and be ready for a move in crypto.
Thanks everyone and best of luck trading!
Btcsignals
#BTC/USDT 4Hr UPDATE !!Hello, dear traders welcome you to this BTC /USDT chart analysis.
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#BTC/USDT ANALYSIS:- BTC/USDT It bounced from the point of control support and currently facing horizontal resistance. It is again back in the previous range and a rejection from the current resistance will confirm further consolidation in between the marked horizontal support and resistance zone, while a sustained breakout will confirm an upward move.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
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BTC Analysis - Keep An Eye On The Ascending Trend LineHello Traders, here is my analysis for BTCUSD.
Tonights post is going to be short again, there really haven't been any new major developments so my technical analysis from my prior posts are still applicable.
The only change from yesterdays analysis is that BTC is now trading on an ascending trend line. As you can see price has bounced from the trend line 3 times which is a good indicator that traders are playing this trend line.
- As long as BTC bounces from this trend line the trend is intact.
- If price drops below the trend line then the trend is no longer valid and we will need to re-asses for the next trend.
- If price did drop below, this trend line could potentially act as resistance later on so keep that in mind.
That's it for tonight's analysis, thanks everyone and best of luck trading!
BTC Analysis - Understanding Price Action Within ZonesHello Traders, here is my analysis for BTCUSD.
I'm sure a lot of you are concerned after the large drop in price BTC faced today. At the moment there is nothing to worry about...
- As traders we let the chart guide us
- The key support levels are still intact and have not broken. Until that happens BTC is still in a position to make the next move up.
Use the chart as a guide to help you understand any future price movement and what it could potentially mean.
- As long as BTC holds the Support Level around $28.5, there is nothing to fear. That would just be more "Consolidation".
- If BTC breaks below $28.5K then be slightly more cautious however BTC could still retest the low around $25K and create a double bottom before getting a bounce and making a move back up.
**The "line in the sand" is if BTC breaks the $25.2K support level. This is where I would become far more Bearish and would expect BTC to dump.
That's it for today's BTC post. Remember, the market is designed to push people to the brink of fear and anxiety to extract as much capitol as smart money can from the pockets of inexperienced traders. Read the charts and don't let the FUD affect you.
Thanks everyone and best of luck trading!
BTC/USDT ANALYSIS 30 May 2022BTC need breakout and closing above orange line, i think will rejection to retest first and then back to try breakout the resistance
cause, we can see the indicator in 1H and 4H timeframe showing in overbought zone and if we see in lower timeframe chart BTC also overbought
if after retest BTC can sustain potential breakdown the key support and going to $26k
Just info : Any Nearly CME Gap $28.970 - $29.1k
Latest situation in BitcoinThere is not much to add to my past analysis, but I would like to share my thoughts again at the request of a few friends. The general belief of the triangles principle is that the direction of refraction can break the algorithm of the triangle. I believe that the breakout on the 4-hour chart gives a downward signal.
I will not evaluate indicator data at all. But let's count the up triangles and the down triangles together by looking at the image below.
Signal majority is pointing down . I consider this a bearish signal.
When we look at the weekly chart, we see a harmonic pattern and a normal chart formation.
If the measurement is not wrong in the Head & Shoulders formation, it shows the average 18-20K range. If we accept that the D leg of the harmonic pattern will extend up to 1.27, this shows the same levels on average.
In the chart above, the previous closes of the candles being above the opening and the high volumes may indicate the continuation of this decline.
Although a small upward spike extends in the 4-hour time frame, candles and volumes on the weekly chart show us that the trend direction has not changed yet. The money volume tracking indicators offered by the exchanges to their users still show that the sellers are superior.
I think that the region that the common data of fibonacci trend channel and schiffin shows as the accumulation area cannot be passed.
When we make synchronous measurements with Gann measurement tools, we see that the same region is a strong support one.
This area we are talking about is the common intersection of fann 4/1 and gann-fib 0.25 levels. it also seems to be angularly synchronous to the old accumulation zones.
Now, if we try to see the time interval with fib levels by making a different measurement;
In the chart above, you can see that green tones represent an uptrend and red tones represent a downtrend. That's not what matters. See the levels that matter
In the graphic above, everything depicts fragments of chaos hidden within a grand order. Starting from the beginning, there are arrows in the gann box that correspond to the fib levels. The slice intervals of the Gann box form a box pattern for each trend. arrows move synchronously as 1 forward 1 back. 2 forward 2 back. This pattern seems to be fully consistent with fann and gann fib levels.
So what does this show us?
It signals that a cycle is about to be completed and a new process will be entered. In my own personal opinion, the downtrend cycle will end by extending the decline to 23k and below. I think it will start a new upward movement later on. In addition, when we looked at the data we pulled through the api of the order boards of the exchanges, I saw that there was a loaded long order between 18-25K.
Considering that these are big buyers, they probably wouldn't place orders there if the price wasn't going to go down there.
Now, when we look at the small movements of btc, it gives the impression that it will start an upward movement. I hope I'm wrong. Thus begins a new bull season. Thus, small investors win or not lose more easily. However, I wanted to develop a perspective that you can consider as an additional plan c to your own strategies.
NOTE: This is not investment advice.
Bitcoin is thinking of falling more ??Hello dear friends
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Bitcoin is thinking of falling more ??
As shown in the chart, based on my analysis, this is likely to happen and the next floor will form around 22,000.
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#BTC/USDT DAILY UPDATE !!Hello, members and welcome to this BTC /USDT quick daily chart analysis.
Nothing much has changed yet in this daily time frame.
As we can see ash the above-mentioned chart that BTC /USDT still trading still inside and at a lower trend line in support of descending channel pattern.
This is not a piece of financial advice.
Then, hit the like button and share your chart in the comment section if you like it.
thank you.
BITCOIN The accurate LMACD bottom projectionOn this analysis, I am looking into Bitcoin (BTCUSD) on the 1W and 1M time-frames and how a certain LMACD level has previously revealed the bottom.
** The LMACD's Triangle **
The chart on the left is on the 1W time-frame. This isn't the first time I approach the LMACD (MACD indicator on the logarithmic scale) using this method, I've mentioned this a couple years ago, but as you see, the LMACD has been trending within a Triangle pattern. The indicator is very close to the Higher Lows trend-line (bottom) of the Triangle. If you notice, the price bottom of BTC's Bear Cycles has always been marked before the LMACD touched the Higher Lows trend-line on every Cycle. In fact, in January 2015, it didn't touch that trend-line and before it made a Bullish Cross, the bottom was already priced in. This Cycle's LMACD final correction phase is much more similar to 2014/15 then the other Cycles.
** The LMACD bottom trend-line and the RSI Support **
Perhaps the most important indication that the LMACD can give us in long-term Cycle analysis is on the 1M time-frame, which is the chart on the right. As you see, every Cycle bottomed before the 1M LMACD hit the Higher Lows of the Triangle. That trend-line is common on every Cycle and happens to be the 0.7 Fibonacci retracement level (0.14). That was the level that the 1M candles of January 2015 and December 2018 made bottoms on the 1M MA50 (blue trend-line). Most likely, the LMACD will touch this level by the end of this month.
Also it is interesting to point out how symmetrical the Highs and Lows are in this Triangle. Naturally the first High and Low were on the 0.0 and 1.0 Fib respectively. The ones that followed were on the 0.1 and 0.9 Fibs, while the last High was on the 0.3. If this symmetry continues, the current Low should be on the 0.7, so besides its historical importance, we have another reason to expect a bottom there.
At the same time, we shouldn't ignore the 1M RSI, which is approaching the 43.70 - 44.50 level, which has been its long-term Support Zone since its inception. Most likely by next month the latest, the RSI will make contact with that Support. Note that in January 2019, which was the last Support test, the price bottomed the month before.
** Conclusion **
This is an indicator that has never failed so far and for those who remember or have been following me here, it was the indicator that helped me project the bottom of the 2018 Cycle. Do you also think that Bitcoin will price the bottom by the end of this month? Feel free to share your work and let me know in the comments section below!
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BITCOIN Closed 7 straight red weeks for the 1st time in history!Bitcoin (BTCUSD) closed this weekend its 7th straight red weekly (1W) candle, which is a feat seen for the first time in history. More specifically, the last time we had 6 straight losing weeks on Bitstamp was from August to September 2014:
** Healthy stock market needed **
Needless to say, this development is very negative for BTC, especially from a psychological standpoint as the market being full of weak hands and late buyers during corrections, it tends to be dominated by fear, uncertainty and doubt. That accelerates more selling until the market stabilizes and high capital investors (whales, big institutions etc), enter the market again methodically.
Much will of course depend on the outlook of the stock market. Once the correction that began at the start of this year ends and the disappointing macro-economic environment stabilizes, institutional investors can again enter the riskier crypto-market. Until then we can expect more of that volatility at best.
** First week below 31600 since Dec 2020 **
However there is a certain basis we can work on and a few patterns to relate to. First, last 1W candle wasn't just the 7th straight red but was also the first weekly closing below 31600 since the December 21 2020 1W candle, thus reaching levels of almost 1.5 year back. The 1W MA200 is now at 21960 and as I've mentioned in previous posts, it is the weekly Support of the typical Bear Cycle.
** The importance of the 0.5 Fibonacci level and the 1W MA200**
Also last week's candle, left a big wick below as it rebounded strongly from roughly 25400. Such candles were last seen on November 29 2021 and May 17 2021. Both of those started a consolidation of at least 1 month. The difference was that the November one failed to break its 0.5 Fibonacci retracement level, thus kickstarting further decline, while the May one eventually broke above the 0.5 Fib, shifting the trend to bullish. The 0.5 Fib is currently a little over 35000. A weekly close above it, could be enough to restore the long-term bullish bias, even though technically there is still the massive Resistance of the 1W MA50 (blue trend-line) to consider which rejected last time the uptrend (March 2022). A weekly closing below last week's low, should deliver the, much anticipated by the majority of market participants, capitulation blow on (and even slightly below) the 1W MA200, where Bear Cycles bottom out and typically consolidate for 4-6 months before initiating the new Bull Cycle.
So what do you think will be the case this time? Will the market deliver the 1W MA200 to us? Or if the 0.5 Fib breaks, a new Bull Phase will start regardless? Feel free to share your work and let me know in the comments section below!
P.S. The last time the 1W RSI has been that low was on the March 09 2020 1W candle, which was the bottom of the COVID crash.
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AVAXUSDT has formed a long wicked hammer on DailyAVAXUSDT has formed a long wicked hammer on Daily, The price also is at a very significant support zone, The large green candles indicate that the price might go for a temporary pullback to FIB 0.382 before it continues the bearish move
💎 AVAXUSDT
🔵 Entry zone 27.53 - 31.84
🟢 TP1 36.30
🟢 TP2 42.30
🟢 TP3 51.50
🔴 SL 23.10
Good Luck 🎲
BTC New Entries + Exits (Best Reverse Strat Ever)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!
BITCOIN entered the 1D oversold zone for the 3rd time in 1 year.Last time Bitcoin (BTCUSD) broke the 30.000 oversold barrier on the 1D time-frame, was on January 21 2022 and May 19 2021. Practically today marked the third time in the last 12 months that this event took place. During both of those capitulation candle sequences, Bitcoin formed a Support and turned sideways for around 2-3 months. During this process, it hit certain trend-lines.
First, it took 10 and 15 days respectively for those events to hit the basis (red trend-line) of the Bollinger Bands (green pattern) and from that point another 56 and 65 days respectively to hit the 1D MA200 (orange trend-line).
Given the max scenario in each case, Bitcoin could reach the Basis line of BB by May 24 and then the 1D MA200 by July 28. In addition, we are just above the Support Zone formed of the May 19 2021 (30100) and June 22 2021 (28600) lows. There is also a Lower Lows trend-line involved with a max extension around 27000.
Do those indicate a bottom? And if so, will Bitcoin enter a 2-3 month consolidation on its way to the 1D MA200 yet again? Feel free to share your work and let me know in the comments section below!
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BTCUSDT Is at a major Support
BTCUSDT Is at a major Support and we can expect a pullback to $34500 which is at 0.382 FIB level. The major support which BTC is at currently has been a major support Jan 2021and it is expected that the price makes a pullback at this zone.
💎 BTCUSDT
🔵 Entry zone 30456.57 - 31363.91
🟢 TP1 32840.00
🟢 TP2 34870.00
🟢 TP3 38000.00
🔴 SL 29650.00
Good Luck 🎲
APECOIN - Massive POTENTIAL In A Volatile MARKET!Hello Cryptocurrency Community,
Welcome to this pivotal analysis about APECOIN / APEUSD on the daily timeframe perspective. The Cryptocurrency Market is going up and down with many altcoins being volatile in their ranges. In such market developments, it is necessary to pick those setups that have potential to move forward and look to the underlying factor. APECOIN /APEUSD was also a coin we executed great profits in the Elite VIP Channels in these recent volatilities. Now as APECOIN pulled back it is still having potential given on a broader scale. Therefore when looking at my chart we can watch there that after these massive volatility spikes APECOIN now moved on to dip and test the lower boundary of the paramount symmetrical triangle again where it has solid supports within. Once APECOIN manages to appropriately bounce in this section and continue to complete the whole formation this will offer the setup for further expansions and the wave C of the huge wave-count will emerge as it is marked in my chart. Furthermore, APECOIN has a Stochastic RSI signal as marked in my chart and once the whole symmetrical-triangle-formation together with the broadening wedge, which is the second additional simultaneous formation forming have been completed the first target will be within the 36 USD level, once this level has been reached and APECOIN can hold its pace the full technical target will be the 60 USD target. It will be an interesting movement ahead and remember that not every coin is building such formations, therefore it is crucial to look at the gainers within the market which is the philosophy of our Elite VIPs.
In this manner, thank you for watching the analysis, all the best!
"Good fortunes come when opportunities meet preparations."
Information provided is only educational and should not be used to take action in the markets.
GMTUSDT can go lower to FIB 0.5 level
GMTUSDT can potentially break below the trend line after forming a double top. We also see that the price can't get away from the trendline which is another indication that there is no buying pressure at this level which can lead then price go lower
💎 GMTUSDT
🔵 Entry zone 3.32891 - 3.61485
🟢 TP1 2.67000
🟢 TP2 2.06000
🟢 TP3 0.90000
🔴 SL 3.90000
Good Luck 🎲
LUNAUSDT is moving down in the bearish channel
LUNAUSDT Has formed a flag after the rejection from the top of the channel. On higher time frame we can clearly see that LUNAUSDT is in a bearish channel and the last red large candle indicates that the price has the potential to go lower after the breakout. The first target profit will be 77.77
💎 LUNAUSDT
🔵 Entry zone 88.43 - 83.42
🟢 TP1 77.77
🟢 TP2 70.70
🟢 TP3 58.00
🔴 SL 93.50
Good Luck 🎲
Bitcoin And U.S. Interest Rates: A Historical Examination!Hello,
Welcome to this analysis about Bitcoin and the comparison to the U.S. interest rates history. When looking at the current market situation it has to be marked that the global economy is shifting heavily and changes occur in a dramatic manner. These dynamics began since the Corona Pandemic shocked global financial markets, global supply chains, and global government policies in a manner bearly comparable to what has happened before. Since these devastating occurrences, Bitcoin and other assets managed to recover, for Bitcoin an accelerated technical and fundamental adoption has taken place with countries adopting Bitcoin as a legal tender and Bitcoin getting acceptance on a broader scale. All these factors drove the price of Bitcoin upwards till it now reached a high-base while in the stock market the floods of cheap money drove the prices simultaneously the real economy is still damaged by the disruptions and is long not at the point it has been before these historical alterations. Now the Federal Reserve Decided upon increasing the interest rates to tackle ongoing inflation, for the stock market the reaction, in this case, is historically given by a decline however for Bitcoin the story needs to be assessed differently, therefore I am explicating these dynamics.
The FED Interest Rate Hikes Together With Bitcoins History:
Since Bitcoin was founded in 2009 by the infamous Satoshi Nakamoto it has shown up with a massive expansion and disruption within financial markets creating a boom around Bitcoin and Cryptocurrency which formed the first initial wave. After that till November 2015 Bitcoin moved into a correctional phase till the FED decided upon moving forward with increasing the interest rates from zero upwards. This decision also simultaneously marked the Bitcoin bottom in 2015 as it is seen in my chart and from this point on Bitcoin showed up with its massive bull market. The Bitcoin bull market moved simultaneously with the interest rate increases as it is seen in my chart and from the beginning on Bitcoin printed a whooping 65X till it peaked in 2017. According to these factors now there is an indication given that Bitcoin does not react negatively to interest rates like it is the case in the stock market, in fact, the complete difference holds true. The interest rate hikes were positive for Bitcoin as Bitcoin served as a hedge against fiat depreciation and declines in the stock market.
Gold In Interest Rate Hikes, Bitcoin In Interest Rate Hikes:
When comparing Bitcoin to other assets it becomes clear that Bitcoin is a similar asset to precious metals, mainly Gold, not without reason Bitcoin is called the digital Gold and in fact, there are many similarities. As gold has a 5000+ years-long history it gives a good indication on what is likely to happen during rate hikes. As it is shown within the chart below this text Gold also reacted similarly during rate hikes like it is the case with Bitcoin. From 1954 to 1981 a massive bull-market showed up in Gold with a huge expansion and the exciting thing is that the interest rate increases moved exactly simultaneously with the Gold price action showing a clear correlation. After that when the rates decreased again Gold also decreased again. The same dynamic can be watched with the rate increases in 2004 and 2015, always when the rates increased Gold also increased. Therefore, when considering this second crucial indication it gives a sight on what is likely to happen with Bitcoin during this next rate hike period, according to the factors Bitcoin is also likely to increase with these determinations.
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.
BTCUSDT Has formed a wedge
BTCUSDT Has formed a wedge, we also see divergence on RSI which indicates the price can potentially go higher after the breakout. The last price which BTC got rejected was $37400 and it seems that this is the last rejection before the breakout.
💎 BTCUSDT
🔵 Entry zone 37470.29 - 38556.59
🟢 TP1 39550.00
🟢 TP2 42215.00
🟢 TP3 47454.00
🔴 SL 36265.00
Good Luck 🎲
KAVAUSDT can go lower after the pullback
KAVAUSDT can go lower after the pullback. We can see a lot of selling pressure from the sellers after the breakout however we might have a pullback to retest the channel before it continues to go lower. Some traders prefer to wait for the pullback to enter the trade.
💎 KAVAUSDT
🔵 Entry zone 5.059 - 4.688
🟢 TP1 4.310
🟢 TP2 3.660
🟢 TP3 2.770
🔴 SL 5.550
Good Luck 🎲
BITCOIN, Major BROADENING-WEDGE To APPOINT BREAKOUT!Hello,
Welcome to this analysis about Bitcoin and the 4-hour timeframe perspective. In the recent times, important and crucial changes have occurred within the whole market and we can watch here institutional interest is increasing for Bitcoin, furthermore, there are countries such as Mexico looking to adopt Bitcoin as a legal tender, and institutions such as Micheal Saylor with MacroStrategy buying further Bitcoins. These factors indicate a continued increasing positive sentiment moving on for Bitcoin while adoption is still moving on. Nevertheless, it is also necessary to watch for the technical factors and see where Bitcoin is likely to heat within the upcoming times from a short-, middle-, as well as long-term-perspectives. In this case when watching on my chart we can see there that Bitcoin is building this main broadening-wedge-formation with the coherent wave-count within the formation almost already completed with the waves A to C and now as Bitcoin bounced within the lower boundary this is actually building the setup from where Bitcoin has the ability to build upon and continued to setup finally developing a breakout. Once the breakout happened above the upper boundary as marked in my chart this will be the setup from where Bitcoin has potentials to continue with and this will activate the target-zones within the $47,000 level marked in blue in my chart. Once this target-zone has been reached the situation needs to be elevated again and Bitcoin needs to show how it continues from there on and if a possible further formation can lead to a continuation, it will be an interesting 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.
Bitcoin 10days Cheat sheethey everyone hope you all are doing good . i am using oscillator this time to find bottom and and i believe we have already made bottom and we could wait until july-august for another final bottom before making new highs . you can see the bottom was found around -14, -18 , -10 , -21 & -15 but final bottom i expect to be near -25 after it we will see new highs but until then i have made a cheat sheet of btc price action which can help you all for intraday levels as we going to consolidate until july. Good luck