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Btcusdsignals

BITCOIN above the August High! Congratulations buyers!Bitcoin (BTCUSD) rebounded on the 1D MA200 much more easily and much faster than anticipated as per our Inverse Head and Shoulders buy signal 4 days ago: The long-term target of 41300 is intact but as the price broke above the 25250 August 15 High with force, we are taking our perspective on the more short-term again, on the 4H time-frame. As you see, if we exclude the naturally unexpected sell-off of March 09 -10 due to the Silicon Valley Bank (SVB) bankruptcy news, the pattern that stood out was the Bullish Megaphone. That was technically supporting until the SVB fundamentals took over. Now that the price is close to the top of the Megaphone (Jan 21 Higher Highs) and the 2.236 Fibonacci extension, we expect a technical pull-back towards Pivot Zone 2 (Pivot Zone 1 was the range that supported the previous Megaphone correction) and the 1D MA50 (red trend-line). The short-term target is 28500, a little below the 2.786 Fibonacci extension. On a side-note, notice the 4H RSI testing its Lower Highs trend-line. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
2
BITCOIN is about to explode as GOLD/DXY is leading the rally!This is Bitcoin (BTCUSD) on the 1W time-frame against the Gold/DXY ratio. As you see, since 2016 the Gold/DXY ratio has been a leading indicator to BTC's trend on the long-term, filtering out what's needed. In the last two Cycles, the ratio bottomed out first before BTC, broke above its Bear Cycle Support and posted a Bull Flag before BTC and topped before BTC. At the moment the ratio just broke above its Bull Flag, while BTC is rising too and will have a crucial week, attempting its first 1W candle closing above the 1W MA50 (blue trend-line). We have claimed for weeks on our channel that Bitcoin is currently in the same symmetrical level it was in April 2019. A closing above the 1W MA50 would validate this and set a short-term target on the Bear Cycle Support around $29000 and then pursue our longer term targets. Do think that the Gold/DXY ratio is the leading indicator for Bitcoin's new rally? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
9
BITCOIN Huge Inverse H&S bottoms and targets $41300!Bitcoin (BTCUSD) hit its 1D MA200 (orange trend-line) for the first time since January 13, which was half-way through the first rally of the new Bull Cycle. The long-term pattern since the November 21 2022 bottom can be seen as a big Inverse Head and Shoulders (IH&S) that has started to form the Right Shoulder. The short-term Resistance is the 1D MA50 (blue trend-line) and the pattern's core Resistance is 25250, which has rejected two tops already (August 15 and February 16, 21). Right now the price hit the Bear Cycle's Lower Highs trend-line, which broke upwards on January 20 and confirmed the new Bull Cycle. Along with the 1D MA200 they form a formidable Support Cluster, with the IH&S neckline being a little lower at 18150. This is also where the Higher Lows trend-line that started on the November 21 bottom is located at. That is the second and final Support Cluster. The 1D RSI is below the oversold barrier of 30.00 and has a Support at 20.50. Being also on Higher Highs, this is a Triangle pattern. The technical target on the IH&S is the Fibonacci 2.0 extension, measured from the Head of the pattern to its Resistance (+63.17%). That gives a $41300 Target. Are you long on this one? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
34
BTC/USDTBitcoin should have gone down because it had a divergence in rsi and had filled sell orders at 25k and also encountered heavy resistance. On the other hand, it was very good that the cme chat was also filled. If he can close today's close candle above the ma 100 curve, he can hope for a rise in the short term, otherwise he can go down to the purple box that I specified. At the moment, a full 5-wave Elliott pattern has also been observed, but the length of the 5th wave can change.
by mohsenomidy
BITCOIN Can this wick keep the 2019 fractal alive?Bitcoin (BTCUSD) is not having the best 3 week stretch as it broke below its 2 month Channel Up. The April 2019 fractal, that has drawn widespread comparisons with the current price action recently, broke its Channel Up on a 1D candle wick, hit the Support made off the 1st Low and rebounded. Once the MACD formed a Bullish Cross, the next bullish wave started. Today's pattern (on 2D) has the Support of the 1st Low at 20500, a little above the MA50 (blue trend-line). Is this the last resort keeping the the 2019 fractal alive or totally irrelevant in your opinion? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BTCUSD
by TradingShot
11
BITCOIN Hidden Inverse Head & Shoulders pattern points to $165k!As Bitcoin (BTCUSD) is battling to break its 1W MA50 and extend the rally of the new Bull Cycle, as all previous Cycles did, we looked at the 1W time-frame from a different angle and present to you an outlook that may have gone overlooked. As you see, every BTC Cycle Bottom can be viewed as the Head of a giant Inverse Head and Shoulders (IH&S) pattern. The first two Cycles topped on the 3.0 Fibonacci extension counting from the 0.786 retracement level of the previous Cycle's top-to-bottom. The most recent Cycle topped on the 2.0 Fibonacci extension. As you see an uncanny constant on all Cycles so far is that the first High coming out of the Bear Cycle (that gives a pull-back that breaks below the 1W supertrend indicator) has always reached (or almost) the 0.786 Fib of the previous Cycle's Top. Assuming that is the completion of the Right Shoulder of the IH&S pattern, we measure the Fibs from the bottom and end up with the 3.0 Fib extension Top on the first two Cycles and the 2.0 Fib Top on the third (previous) Cycle. A repeat of the moderate 2019 - 2021 Cycle to the 2.0 Fib extension gives as a projected Top for the current Bull Cycle at $165000! Do you agree that this is realistic in the next 2 years? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
12
BITCOIN A Fibonacci Circles Roadmap you've never seen before!This is a unique representation of the Bitcoin (BTCUSD) Cycles using the Fibonacci Circles, a tool than certainly prints a very interesting Roadmap relative to the previous historic Cycles. The chart focuses on the last two Cycles but for a more complete projection we also incorporate 2015 - 2017. Each Cycle's epicenter is located on the candle that breaks and closes below the horizontal Bear Cycle Support. The 2022 Bear Cycle bottomed on the 2.618 Fib extension while the 2018 Bear Cycle started rising on the 1.618 Fib. It is no coincidence that the current struggle on the 1W MA50 (blue trend-line) is done exactly on the 2.618 Fib as in April 2019, the same 1W MA50 struggle was done on the edge of Fib 1.618. The symmetricity between the Cycles is striking indeed. In that regard, the current Bull Cycle appears to be more similar with the 2015 -2017 Bull Cycle as its 1W MA50 struggling was also made on the 2.618 Fib. That Cycle didn't really start rising before hitting Fib 3.618 as you can see on the chart below: We have plotted both of those two past Cycles on the current Bull Cycle, based on which Fib they bottomed. As you can see the representation offers valuable insight as to how the current Cycle may evolve. It is very likely to see a pull-back to Fibonacci 3.618 before the 1W MA50 finally breaks and starts the real Bull Cycle rally. Do you think that's a realistic scenario or the next Cycle Fib will be breached at a much higher (than the current) level? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
6
BITCOIN Moment of truth to confirm or dismiss the 2019 fractal!There has been tons of talk about Bitcoin's (BTCUSD) similarity of the current bottom reversal with the 2019 one. A lot of comparisons have been made, we've started doing that since November, but the time has come that BTC either confirms or dismisses the 2019 fractal. As you see on the left chart (2023) the consolidation within the Bullish Megaphone that Bitcoin has been trading in for the whole month of December is naturally creating an RSI Bearish Divergence due to the aggressive January rally. We can see the very same formations in 2019 (right chart), with the RSI supported by a Higher Lows trend-line. The time-frames are different (3D against 2D) to account for the fundamental noise and serve better the purpose of comparison. The market has now no other choice but to make its move by either validating the 2019 fractal by breaking above the orange trend-line or negating it and end the comparison discussions once and for all. What do you think the market has in store for us? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
15
BITCOIN The Channel Up is holding perfectly. $26300 next Target.Bitcoin (BTCUSD) completed a strong drop yesterday on session's close but that technically reached the bottom (Higher Lows trend-line) of its 1.5 month Channel Up pattern. As with the previous Higher Low drop, the price completed a -12% decline. The 4H RSI is replicating a similar pattern to that previous drop and broke below the 30.00 oversold barrier as it did on February 09. ** Death Cross and rise to $26300 ** A slightly more drop is possible to make a perfect touch on the Channel's bottom but if you see the 4H RSI rising, that would be a sign of buying accumulation at the bottom. On February 14, a 4H Death Cross sealed the bottom and was the last Buy Signal before the +18.25% rally to the Channel's top (Higher Highs trend-line). We are probably half a day before a new 4H Death Cross, thus we are already buying in expectation of a new +18.25% Higher High rise. Our medium-term Target is 26300. ** The importance of the 1W MA50 ** However we will keep an eye on the 1W MA50 (red trend-line) which is key for Bitcoin on the long-term. If the price fails to close a 1W candle above it, much like it did in mid-February, we will book the profit earlier and consider a pattern change. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BTCUSDLong
by TradingShot
13
BITCOIN Limited by the weekly candle body Resistance.Many have been focusing in the past days at the inability of Bitcoin (BTCUSD) to close above the 1W MA50 (blue trend-line). Surely that is essential for maintaining the pace of the January - February rally and as we've analyzed recently, it draws comparisons with the past Cycles where they were testing their own 1W MA50. ** Resistance/ Support levels based on the 1W candle closing ** Another, overlooked for sure, aspect on the 1W time-frame the Resistance/ Support levels enforced by the 1W (weekly) candle closings. As you see on this chart, BTC not only failed to close (despite breaking it) above the 1W MA50 in the previous 2 weeks but also failed to close those candles above the 24360 Resistance which has been formed since the weekly candle of July 18 2022. As you see no candle closed above that Resistance level in July - August and the recent failures certainly show its importance. The same can be said about the 1W candle body Support at 18750, which held all weekly closings above it from June until the FTX crash. ** The Vortex Indicator ** As a result, a weekly close above 24360 will achieve a double bullish break-out as not only will it close above the 1W MA50 for the first time since April 25 2022 but also above the most important horizontal Resistance on the 1W time-frame. In order to keep things into a long-term perspective, we have added on this analysis the Vortex Indicator (VI), widely used in previous years, that has been on a Bullish Cross since mid-January. This shows that the new Bull Cycle has started and is still in its early stages. ** Projection ** It appears that even though they are not absolute, the Fibonacci retracement levels will play some part as Resistance levels in this new rally. Once BTC makes this double bullish break-out, we have the 1W M100 (green trend-line) as the next pressure level, hence potential Target and if the second part of the rally is as strong as January, it can make contact with the 1W MA100 around the 0.5 Fibonacci level, which is roughly at $32650. So what do think? Is this 1W candle body Resistance the level to break? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
7
BTC/USD market commentary on 3/3/2023On the daily chart below, we can see that the buyers failed to break the 25K level with conviction and gave way to the sellers. The top came exactly at the previous August 2022 high and the divergence with the MACD signals that the price is likely to fall back to 21500 level which is the first target for the sellers. There was some uncertainty in the market given the talk of seasonal factors skewing the economic data based on the month of January, but since the S&P Global US PMIs are based on the recent month of February and they came out strong, the market got that extra confirmation that things are really turning for the worse. On the 4 hour chart below, we can see that the price has pulled back a bit into the 50% Fibonacci retracement level and it’s now eyeing a breakout to the downside of the counter-trendline. The breakout will be the signal for the sellers to start piling in with the target at 21500. Yesterday, the market got some bad news again from the ISM Manufacturing PMI which showed a notable bounce back into expansion of the “priced paid” sub-index, used as a proxy for inflation. The market is increasingly worrying of another wave of inflation and a more hawkish Fed. These are bearish developments for the crypto market. On the 1 hour chart below, we have a more closer look at the near-term price action. For the sellers the breakout of the counter-trendline is the one to watch, while for the buyers, the breakout above the 24000 level would give some hope for another test of the 25000 top. Tomorrow, we have the ISM Non-Manufacturing PMI which is another key economic report. Strong readings will push the prices even lower, while weak data may give the buyers some relief. Recommendations for trading BTCUSD: SELL BTCUSD ( 24.200 - 24.000 ) Stoploss : 24.600 Takeprofit 1 : 22.700 Takeprofit 2 : 21.500 Takeprofit 3 : 21.000 BUY BTCUSD ( 20.800 - 21.000 ) Stoploss : 20.500 Takeprofit 1 : 21.700 Takeprofit 2 : 22.300 Takeprofit 3 : 23.500 Note: Always install TP and SL in all cases
B
by DNAchampions
BITCOIN 1 year left until the next Halving! Start to DCA!As we left February behind, few realize that there is only 1 year left for Bitcoin (BTCUSD) before the next Halving (no4) as it will experience this supply shock event in March 2024! This 1W time-frame, is a simple illustration of why it is still a good idea to start Dollar Cost Averaging (DCA). ** Similarities with past Cycles. 1W MA50 test ** We see a lot of similarities with past cyclical positioning on this date, particularly with the previous two Cycles. As you see 371 days (53 weeks) before their Halving events, both Cycle 3 on April 29 2019 and Cycle 2 on June 29 2015 were already on the 1W MA50 (blue trend-line) attempting to break it, but at the time failing to. This is exactly where BTC is at right now. This symmetry is uncanny. Needless to say that it doesn't hold on Cycle 1, which was much more aggressive, hence shorter. ** The 0.618 Fibonacci at the time of the Halving ** It is equally interesting to see that at the time of each Halving, the price was on or marginally above the 0.618 Fibonacci retracement level from the Cycle's bottom. In November 12 2012 it was at $12 (marginally above Fib 0.618), in July 04 2016 it was at $690 (little above Fib 0.618) while in May 04 2020 it was at $10000 (exactly on Fib 0.618). This model suggest that if Bitcoin is trading again at least on its 0.618 Fib at the time of Halving 4 (March 2024), then it will be around $40000. Whether it breaks this level earlier and then retreats back to it, this projection doesn't associate with, it simply suggests where it could be at the time of Halving 4. Do you think we will be at $40k then by March 2024? Feel free to let us know in the comments section below! Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this analysis!
INDEX:BTCUSDLong
by TradingShot
4
$BTCUSD BitcoinBitcoin (BTC) price has increased today. The price of Bitcoin (BTC) is $23,693.95 today with a 24-hour trading volume of $29,607,630,597. This represents a 1.30% price increase in the last 24 hours and a -3.00% price decline in the past 7 days. With a circulating supply of 19 Million BTC, Bitcoin is valued at a market cap of $457,812,511,932. What is Bitcoin? Bitcoin is a cryptocurrency launched in January 2009 with the first genesis block mined on 9th January 2009. It is a decentralized digital currency that is based on cryptography. As such, it can operate without the need of a central authority like a central bank or a company. It is unlike government-issued or fiat currencies such as US Dollars or Euro in which they are controlled by the country’s central bank. The decentralized nature allows it to operate on a peer-to-peer network whereby users are able to send funds to each other without going through intermediaries. For more information on Bitcoin, do read CoinGecko's How to Bitcoin book. Who created Bitcoin? The creator is an unknown individual or group that goes by the name Satoshi Nakamoto with the idea of an electronic peer-to-peer cash system as it is written in a whitepaper. Until today, the true identity of Satoshi Nakamoto has not been verified though there has been speculation and rumor as to who Satoshi might be. How does Bitcoin work? While the general public perceives Bitcoin as some kind of physical looking coin, it is actually far from that. Under the hood, it is actually a distributed accounting ledger that is stored in a form of a chain of blocks, hence the name blockchain. In a centralized system like the ones operated by a commercial bank, given a situation where Alice wants to transact with Bob, the bank is the only entity that holds the ledger that describes how much balance Alice and Bob has. As the bank maintains the ledger, they will do the verification as to whether Alice has enough funds to send to Bob. Finally when the transaction successfully takes place, the Bank will deduct Alice’s account and credit Bob’s account with the latest amount. Bitcoin conversely works in a decentralized manner. Since there is no central figure like a bank to verify the transactions and maintain the ledger, a copy of the ledger is distributed across Bitcoin nodes. A node is a piece of software that anybody can download and run to participate in the network. With that, everybody has a copy of how much balance Alice and Bob has, and there will be no dispute of fund balance. Now, if Alice were to transact with Bob using bitcoin. Alice will have to broadcast her transaction to the network that she intends to send $1 to Bob in equivalent amount of bitcoin. How would the system be able to determine that she has enough bitcoin to execute the transaction and also to ensure she does not double spend that same amount. Here is where mining takes place. A Bitcoin miner will use his or her computer rigs to validate Alice’s transaction to be added into the ledger. In order to stop a miner from adding any arbitrary transactions, they will need to solve a complex puzzle. Only if the miner is able to solve the puzzle (called the Proof of Work), which happens at random, then he or she is able to add the transactions into the ledger and the record is final. Since running these computer rigs cost money due to capital expenditure for buying the rigs and the cost of electricity, miners are rewarded with new supply of bitcoins that is part of its monetary system and some amount of fees paid by the person who wishes to transact (in this case it is Alice). This makes the Bitcoin ledger resilient against fraud in a trustless manner. While it is resilient, there are still some risks associated with the system such as the 51% attack where by miners control more than 51% of the total computation power and also there can be security risks outside of the control of the Bitcoin protocol.
Long
by BADQOMOCAWGOWLD
1
BITCOIN Breakthrough Fibonacci Grid mapping the new Cycle!This is a unique analysis of Bitcoin displayed on a grid pattern made of the Fibonacci retracement levels (black trend-lines) applied from the top of the previous Bull Cycle to the bottom of the Bear Cycle and the Fibonacci extension levels (blue trend-lines) applied on the Lower Lows and Lower Highs of the Bear Cycle. Using the Symmetrical Pivots as the new Resistance levels/ gaps to be filled, we have mapped a potential course using those as targets on Bitcoin's way to reach its $69000 All Time High by Halving 4 (March 2024). Can that be useful in identifying potential volatility zones and mapping a course on this Bull Cycle that has just started? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
5
BITCOIN The Fear & Greed Index prompts to an immediate rally!On this chart, Bitcoin (BTCUSD) is shown on the 1W time-frame using the Fear & Greed Indicator (F&GI). A month ago it broke above 50, which is the neutral level between Fear and Greed. Since then it has stabilized sideways around 55 as the market is split with some being greedy for further rise while others waiting for a good pull-back to enter. Historically however, every time the F&GI broke above 50, the Cycle bottom was in and BTC was at the beginning of an aggressive rally. In both of the previous 2 Cycles, the immediate target before a mid-Cycle pull-back was the 0.786 Fibonacci (green flag). This level on the current Cycle is at $50000! Do you think this will be next? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
7