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Btcusdsignals

BITCOIN Major bullish signals aligned.Powell's icing on the cakeLots of euphoria yesterday after Jerome Powell's Press Conference where he gave the markets what they wanted to hear regarding future policy and how inflation is under control. The rates got increase by +0.25% but on a lower rate than the previous meeting. This may just be the icing on the cake for Bitcoin (BTCUSD) as technically we are close to three major indicators aligned for a huge triple buy signal. We have moved up a time-frame to 3W to see an even longer term perspective that successfully filters out all the noise of short-term fluctuations. As you see, the RSI is already above its MA, the LMACD should complete the Bullish Cross on the next candle while STOCH is just below the 49.50 level. This is the last hurdle to overcome before BTC issues this triple buy signal as it is the level where STOCH got rejected on June 2015 and delayed the rally for another 2 months with one last low. However the LMACD Bullish Cross was formed after this low so if we get it on the next candle then most likely STOCH will be above the 2015 rejection point as well, or it will be invalidated. Will this final alignment put the new Bull Cycle beyond doubt? 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! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
9
BITCOIN The Super Cycle Theory based on the USDThis is not the first time we look into the Super Cycle Theory, which is the idea that Bitcoin (BTCUSD) may have just finished its 2nd Cycle instead of the traditional notion of the Four Cycles driven by the Halvings. It is however the first time we look into it using the U.S. Dollar Index (DXY) and our favorite CN02/CN20Y ration (Chinese Bond Yields 02Y/20Y). As you see on this 1W chart, this correlation is indeed eye-opening as it paints very efficiently the picture of the two Super Cycles. The DXY (strong) pull-back shows that we are past leg (6), which is the bottom of the Super Cycle and have entered the rally phase. The Higher High on the CN02/CN20Y shows that we could be much closer to the start of the parabolic part than we think. If the DXY extends its aggressive decline, it will confirm the latter notion but a rebound and multi-month consolidation (on the DXY) will take us more smoothly into the rally phase. Do you agree with this Super Cycle Theory based on the USD? 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! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
10
BITCOIN The new Geometric Cycle has begun. $150k within reach.Bitcoin (BTCUSD) is rebounding aggressively after the LMACD on the 1W time-frame hit and bounced on its historic Support that formed the 2015 and 2018 Cycle bottoms. This suggests that the new Bull Cycle has begun and to keep a better perspective, we have plotted the Geometric shapes from bottom-to-top. Along with the Ichimoku Cloud and Fibonacci MAs, they paint a fair projection of where the price will trade to from now on. First consider that the next Cycle bottom could be around October 2026 if the (approximately) 1430 day (205 week) time range holds. The next (and final according to this model) bullish confirmation of the new Cycle is the price entering the (red) Ichimoku Cloud. When this happened in June 2012, October 2015 and May 2019, the Bull Cycle never looked back (obvious exception of course is the March 2020 crash due to COVID). Then a break above Multiple 3 of the Fib MAs, will most likely kick-start the Parabolic Rally (but most likely this will be after Halving 4), as it has done during all previous Bull Cycles. A nice touch of the current study is the plotting of the past Cycles inside the projected current one. With its geometric adjust, all fit fairly easily within. On average, we should see the next Cycle Top around August 2025. Do you agree with the above? 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! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
7
BITCOIN The month is closing on an enormous buy signalWe only look at Bitcoin (BTCUSD) on the monthly time-frame when it is necessary to keep a long-term perspective and not miss the big picture. This is one of those times as the monthly (1M) candle, following January's hyper strong rise and impressive start to the year, is now testing the 1M MA50 (blue trend-line). This is a critical Resistance and last time BTC closed above it was on July 2022. Needless to say, a close above it will be a massive buy signal. The true catalyst though may be the 1M RSI. As you see it is also testing its MA trend-line (yellow), having been trading below it since May 2022. The real interesting fact here is that every time the 1M RSI broke above its MA, Bitcoin was well past its bottom and trading on its new Bull Cycle. An astonishing feat is that the time range between those RSI monthly break-outs is quite similar, 39 months then 42 months and if it closes above it now, then 45 months. We can say that each sequence is 3 months longer. On top of that, the 1M candles that made those break-outs are not far off in terms of rises, each representing very strong monthly closings (+47%, +33%, +33% and now +40%). Based on all the above, it appears that the market is on the verge of breaking out to a new multi-month rally. Do you agree? Feel free to let me 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! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
36
BITCOIN It's blue-print is Gold and it is a bullish one.Bitcoin (BTCUSD) is displayed on this 1W chart alongside Gold (XAUUSD) by the black trend-line. The text will be short as the chart is pretty much self-explanatory. Every time Gold breaks its Lower Highs trend-line, BTC is past its bottom and well into its Bull Cycle, starting an aggressive rally. Right now Gold is dangerously close to that Lower Highs trend-line, while Bitcoin is already posting an impressive rally this first month of the year. If Gold breaks its trend-line again, will you take it as an additional signal that the new BTC Bull Cycle has officially started? Feel free to let me 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! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
3
BITCOIN Yuan and China bond yields point to a mega rally!This is not the first time we emphasized the strong correlation of Bitcoin (BTCUSD) with Yuan (USDCNY) and the Chinese Bond Yields (CN02Y and CN20Y). We made an analysis right in the aftermath of the FTX crash, indicating why those indicators have all aligned, paving the way for BTC's new Bull Cycle. As you see that happened and this time we incorporate the element of CN02Y/CN20Y. This shows that every time the ratio's Lower Highs broke in the past, Bitcoin started the first phase of the Bull Cycle. For shorter or longer periods, this was achieved within a Channel Up (green). Right now we have started the new one. Adding the fact that every time the USDCNY topped and dropped as aggressively as it has been doing since October 24, Bitcoin has started the most aggressive part of the Bull Cycle, the parabolic rally. This mix is incredibly bullish for Bitcoin technically and it prompts to a mega rally next, the likes of which we may have not seen in the past. Do you agree? Feel free to let me 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! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
1
BITCOIN This is the Bullish Cross that will take it to $33kBitcoin (BTCUSD) just made a hugely important and unique Bullish Cross on its LMACD. Those who follow us regularly over the years, know that we like looking into assets (and Bitcoin in particular) from different time-frames that provide a more spherical overview of the market and the direction. This time we analyze the 15D chart as it just formed a Bullish Cross on its LMACD indicator. This is a very rare pattern which below the 0.00 (LMACD) level has always formed straight after a Bear Cycle Bottom. Even during Bitcoin's first Cycle (2011/12) and the March 2020 COVID crash, the Bullish Cross was formed marginally above the 0.00 level. Now the 1W MA50 (red trend-line) comes into the spotlight, as it is the Resistance to beat. Every 1W MA50 break following a 15D LMACD Bullish Cross, hit at least the 0.5 Fibonacci retracement level in a maximum of two weeks. We can make a case about the 0.618 Fib as well, which failed to get hit only marginally on October 28 2015. As a result, with the 1W MA50 currently at 25615, we can expect another sharp 2-4 week rally once BTC breaks it, that will target at least the 0.5 Fib at $32900 with a riskier extension being the 0.618 Fib at $38900. What do you think? Has this 15D LMACD Bullish Cross shaken your last bearish bias and if so, will you buy the 1W MA50 break-out confirmation? Feel free to let me 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! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
14
BITCOIN Transition from a Wedge to an Inverse H&S showing 33.5k?Bitcoin (BTCUSD) is up +40% since the start of the year and did so by breaking above its former Falling Wedge pattern that was holding since the June 18 2022 Low. On this 1D time-frame, we see that there is a high probability of the Wedge break-out to transition BTC into the next pattern that could be an Inverse Head and Shoulders (IH&S). Such patterns are technically market bottom formations and initiate sharp recoveries. Right now the price is forming the Right Shoulder and could range within it as it did on the Left Shoulder. The rise after the completion of the Head until Saturday's High is around +44%. After BTC breaks above its Right Shoulder, we can measure another +44% to find out the target of the IH&S pattern. At the moment that is a little over $33500. By the time it reaches that level, it may coincide with a test of the all important 1W MA100 (green trend-line), which has been the last long-term Support that Bitcoin broke on May 06 2022. If you are looking for confirmation of this move, keep an eye on the potential 1D Golden Cross (blue 1D MA50 crossing above the orange 1D MA200) and a break above the 1W MA50 (red trend-line), which has been untouched since April 05 2022. So what do you think? Will we hit $33.5k that fast after the Inverse Head and Shoulders break? Feel free to let me 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! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
13
BITCOIN ahead of 1st 1W Death Cross in history! End of rally?Bitcoin (BTCUSD) has started 2023 with a relentless +40% rally, completing a +50% rise from the November Low. But perhaps the biggest technical development of the upcoming days is the emergence of the Death Cross formation on the 1W time-frame. This is when the 1W MA50 (blue trend-line) crosses below the 1W MA200 (orange trend-line) and on Bitcoin in particular this will be the first such pattern in history. It is inevitable and it will be formed in the next or 2 weeks maximum. Being a technically bearish formation, will it affect the price negatively and restore the bearish trend long-term? Well we need a examine a few more parameters in order to determine this. ** Up by 50% ** Like we said, BTC is up +50% from its November Low. Throughout in history, every time the price rose by +50% or more after hitting the 1W MA200, it was a Cycle bottom, with the exception of the January - March 2015 rise. ** The RSI > 60.000 factor ** The one condition however that when fulfilled, always indicates that the Cycle bottom is in, is when the 1W RSI breaks above 60.000 after hitting the 1W MA50. We can see that typically, those take place at the same time. The January 2020 break doesn't fall into that category as, not only did it take a once in 100 years event to crash the price (COVID lockdowns March 2020) but also BTC wasn't on a rally rebounding on the 1W MA200 (previous condition we set). As a result, the RSI > 60.000 is a Market Bottom rule. ** Where are we now? ** At the moment, the 1W RSI is at 56.520 and the 1W MA50 around 25620. As mentioned, we are in a peculiar spot, largely uncharted territory for Bitcoin ahead of this inevitable 1W Death Cross, as in addition this time the rebound is being done way below the 1W MA200 and not on it. However, a simultaneous RSI 60.000/ 1W MA50 break, being at more than +50% from the Low, checks all the boxes for being past a Cycle Bottom, effectively starting the 1st rally of the new Bull Cycle. Do you think the 1W Death Cross has the power to eventually invalidate the Bull Cycle? Feel free to let me 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! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
25
BITCOIN 33k seems inevitable next. This pattern always delivers.We talked yesterday about how beautifully Bitcoin's (BTCUSD) Adam and Even (A&E) pattern delivered a textbook short-term target at 21650: We looked into such past occurrences more and discovered even more interesting clues for the immediate future. As this analysis shows, every Bear Cycle bottom has been formed on an A&E pattern (even the first Cycle in 2011 but on the current analysis we look into the 2014/15, 2018/19 and 2022/23 Cycles). Following the A&E pattern and break above the 1D MA200 (orange trend-line), if no unexpected black swan event takes place (such as the FTX crash in November or the Bitfinex crash in August 2015), BTC can start a relentless rally, the first of this Bull Cycle, and if supported by the 1D MA50 (blue trend-line) can reach at least as high as the 0.5 Fibonacci retracement level as in October 2015 and May 2019. Right now the 0.5 Fib is exactly at 32900. In 2015 it took the price 114 days and in 2019 82 days from the completion of the A&E pattern before reaching the 0.5 Fib. If we take the maximum 114 day extension as a projection, we can expect it to hit 33k by early May. Do you think that is a realistic immediate target? Feel free to let me 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! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
8
BITCOIN's Adam & Even was spot on! What to look for next.Bitcoin's (BTCUSD) rise last week took many by surprise but what few noticed is that it basically made the theory into practice. The application of the Adam and Even (A&E) pattern that started forming since the November FTX crash went under the radar but was spot on with its target. As you see Wednesday's peak wasn't just a consequence of the 21500 Resistance that was formed by the November 05 top but also completed a +18.00% rise from the December 14 High, which was a proportional rise (18%) from the November 21 Low. Like we said, the application couldn't have been more precise! So what to look for right now? Well BTC is now sideways and about to test the 4H MA50 (blue trend-line) for the first time since January 06. A break can seek the 4H MA200 as its last Support. You should look for confirmations that will either lead to that correction or the extension of the rally. First keep an eye on the 4H MACD. A Bullish Cross will be a signal to buy into round 2 of the rally. The 4H RSI has a clear Higher Lows trend-line as its Support and a Lower Highs trend-line is leading it there. A break above the Lower Highs earlier, will again be a buy signal. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
26
BITCOIN The Bollinger Bands delivered when no-one expected!Exactly 2 months ago right after the FTX aftermath, we posted an alternative analysis using a not so popular indicator, the Bollinger Bands Width (BBW): For a broader perspective, that was in combination with the Fib MAs as the MA350 (green trend-line) offered Support. As this held and the BBW rebounded, we mentioned then (which was a time of fear and panic in the market) that this was a sign of a bottom formation, similar to all prior Cycles (indicated by the circles). The BBW delivered this beautifully and now Bitcoin has broken all the Bear Cycle Resistances and has technically entered its new Bull Cycle. This time we add a few extra elements to the BBW. Number (2) is where the BBW starts to rise and picks, which officially starts the first rally of the Cycle. This means that you should keep an (very) close eye to the BBW in the next few weeks, as a potential surge will be the 2nd best buy entry that the new Bull Cycle will offer. Are you waiting for this or any other signal to buy or are have you already in? Feel free to let me 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! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
8
BITCOIN Three mega rally indicators flashing green all at once!This is not the first time we look at Bitcoin (BTCUSD) on the 3D chart , but it is the first time that three major trend indicators all give a big long-term buy signal at the same time: 1) The Super Trend indicator, which we have used extensively to maintain perspective during the Bear Cycle, just waved a green flag for the first time since December 2021. 2) The price broke inside the Ichimoku Cloud for the first time since December 27 2021. 3) The Mayer Multiple broke above its MA period for the first time since November 2021. The last times all those indicators aligned their buy parameters at the same time was at the end of Bear Cycle bottom sequences, right before the first rally of the new Bull Cycle started: January 04 2012, July 09 2015, April 04 2019 (note Mayer MA data don't data before September 2012)). This mix of green flashes make up a strong buy signal for the long-term and the real question now is how aggressive this new first rally of the new Bull Cycle will be. Will it be as aggressive as April - June 2019 or February - August 2012 or less aggressive as August - November 2015? Feel free to let me 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! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
40
BITCOIN rhymes perfectly with previous Cycle bottoms. 25k next!Bitcoin (BTCUSD) on Friday above its 1D MA200 (orange trend-line) for the first time since December 31 2021, which is the level we have rendered all this time as the one that will start the new Bull Cycle. On this analysis on the 1D time-frame, we compare BTC's current Cycle bottom to those of 2018/19 and 2014/15. As you see, during those Bottoms, when the price broke above the 1D MA200, it quickly hit the 1W MA50 (red trend-line) within 3-4 weeks, always having the 1D MA50 (blue trend-line) as Support. On the April 02 2019 1D MA200 break-out in particular, the 1D RSI hit the 89.00 level before retracing, just as it did today. These RSI retracements don't indicate trend reversals, just a re-balancing of the enormous buying pressure. It is interesting to add that on both previous bottoms, the 1W MA50 was hit on a Resistance level (red zone) made by a previous Lower High during the Bear Cycle. This time the strongest candidate for this level appears to be 25300 (August 15 2022 Lower High). What could happen after that? Well, as long as the 1D MA50 supports, Bitcoin can continue the rally past the 1W MA50, as it happened in May-June 2019. A break below the 1D MA50 though, could deliver one last major pull-back to the 19k-20k or even 17k supply zones, similar to what happened on August 2015. Feel free to let me 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! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSDLong
by TradingShot
6
BITCOIN is massively undervalued and here is why.On this 1W time-frame analysis we make a case why Bitcoin (BTCUSD) is massively undervalued in relation to a technical factor as well as the effect that the U.S. 10 Year Government Bonds Yield (US10Y with the black trend-line) and the U.S. Dollar Index (DXY with the green trend-line) have. Bitcoin's rise this week may come as a surprise to most but it is no coincidence. The 1W RSI has been on Higher Lows since the mid-June 2022 Low, while BTC has been trading on Lower Lows. This is a technical Bullish Divergence and a lengthy one. The times the 1W RSI prints Higher Lows sequences that low, have always been Bear Cycle Bottoms. At the same time, we see the US10Y and the DXY (aggressively) decline simultaneously. The previous four times this happened were on a Bitcoin (aggressive) rally phase. The fact that we get those two occurrences taking place at the same time, simply shows the underlying strength on the market at a level that macro-economically is treated as a market Bottom. Possibly indicating that if it wasn't for last year's fundamental crashes of FTX and LUNA, the price potentially would have already been much higher, showing how deeply undervalued BTC is right now. Feel free to let me 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! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
3
BITCOIN Major 1WRSI bullish breakout but heavy Resistances aboveBitcoin (BTCUSD) broke above its 1W RSI Lower Highs trend-line that was holding since January 2021! As you realize this is a major bullish break-out on the long-term scale and as the price turned the 1D MA50 (blue trend-line) into a Support, it is staging a bull run. However there are still significant Resistance levels ahead. The first is the Lower Highs trend-line that started on the August 15 2022 High but perhaps the most critical one is the 1D MA200 (orange trend-line), currently at 19545, which is unbroken since December 31 2021. The Lower Highs trend-line of the November 10 2021 High may be the oldest Resistance running, but technically there is more weight on the 1D MA200. Finally, breaking above the 25200 August 15 High, would mean the first Higher High since the 2021 market top. There is still significant road to cover, as the Bullish Megaphone pattern that BTC is trading in since the November FTX crash could be another sell accumulation pattern, common within the 2021/22 Bear Cycle (see the dotted Rising Wedge, Channel Up patterns). As a result, a break below its bottom (Lower Lows) can lead to the 15500 Support again, even a new Low closer to 15000. But arguably the 1W RSI Lower Highs break-out after 2 years, is a signal that shouldn't go unnoticed but unfortunately such signals among extreme psychological states (greed/ fear) tend to go unnoticed near market tops of bottoms. Do you think this is an early sign of a market bottom and bullish reversal? Feel free to let me 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
9
BITCOIN Closed above 1D MA50 for the first time in 2 months!Bitcoin (BTCUSD) has closed a 1D candle and is now comfortably trading above its 1D MA50 (blue trend-line) for the first time in 2 months (since November 07 2022), turning it into a Support. The pattern since the August 15 High is a Channel Down, within a Falling Wedge (since the June 18 2022 Low). Having lasted for almost 6 months, this can be viewed as a huge accumulation zone. In any case, there are certain fully distinct formation within this pattern. The price action since the FTX crash started on November 06, is quite similar to that since the August 15 High. As you see both peaked on a (red) Channel, made their fist fake-out above the 1D MA50 on the (red) circle, second on the (red) Flag and the price is now back above it as it was on October 25/26, potentially forming the final Channel that will test the top (Lower Highs trend-line) of the Channel Down. There is also an inner Lower Highs trend-line involved (dashed). The 1D RSI is also repeating a similar pattern. So where do we stand now? Well a break below the 1D MA50, or even more accurately the Internal (dotted) Higher Lows trend-line) should be bearish targeting the 15500 Support (November 21 Low) or even a Lower Low on the Falling Wedge's bottom. On the upside, a break above the top of the Channel Down/ Wedge, is the first bullish sign but we won't consider it confirmed on its own. Ideally we want to see a closing above the 1D MA200 (orange trend-line), which has been unbroken since 2021 (December 31), in order to justify a long-term bullish reversal. In that case, potential targets in succession will be the Fibonacci retracement levels, which as you see since the June Low, align (almost) perfectly with Support and Resistance levels. What do you think will happen next? Do you expect BTC to break again below the 1D MA50 or hold it and finally test the 1D MA200 first? Feel free to let me 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
5
BITCOIN Perfect symmetry with 2015 shows recovery is imminentBitcoin (BTCUSD) has been practically flat since the early November FTX crash, which was a big blow fundamentally for the market. On the 1W time-frame, this is not the first time though we see similar RSI and MACD behavior. On this chart we compare Bitcoin's price action since the April 2021 High to the Bear Cycle of 2014/15. ** The true Cycle High ** As you see there are certain striking similarities. First of all, as we've mentioned numerous times on Tradingshot , BTC's true technical top of the previous Bull Cycle was in April 2021. The October/ November 2021 rise was the extension at the peak of the tech bubble caused by trillions of 2020 rescue packages. ** Lower Highs, 1W MA50/100, RSI and MACD ** The first similarity is that the duration between each Cycle's High 1 and High 2, which is where the Lower Highs trend-line (dashed) started, was 30 weeks in 2021 and 27 weeks in 2014. During that time, the 1W MA50 (blue trend-line) was supporting. After the price broke below it, following the start of the Lower Highs trend-line, it hit the 1W MA100 (green trend-line). During that whole time, the 1W MACD was on a decreasing rate, as the red histogram shows, while the 1W RSI formed an identical print. After a rejection on the Lower Highs trend-line, Bitcoin broke below the 1W MA100 and dropped significantly, forming the lowest RSI level. That started a Higher Lows (RSI) trend-line, which is holding to this day. At the same time the MACD has flattened. It is also interesting to see that the duration from the RSI Low up until the Bearish Cross between the 1W MA50 and 1W MA100 was 12 weeks in 2022 and 13 weeks in 2015. Again almost perfect symmetry between the two fractals. ** Where are we today? ** Getting closer to today, this time BTC maintains a considerably distance from its 1W MA50 (roughly at 26700 now) that it was in May/ June 2015 after breaking above the Lower Highs (dashed) trend-line. A rejection on the 1W MA50 caused one last low before the recovery started with Bitcoin never looking back on Higher Highs and Higher Lows. This time however the MACD is already near the same distance as in July 2015. The last low in August 2015 was 18 weeks after the 1W MA50/100 Bearish Cross. Today, we are on the 17th week since the September 05 2022 1W MA50/100 Bearish Cross. Does this mean that the recovery is imminent? It looks like even with a few weeks of delay, Bitcoin may be close to starting the first rally of the next Bull Cycle and never look back. Do you agree? Feel free to let me 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! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
10
Will Bitcoin rise back above 20k in the start of 2023?In the past months, Bitcoin trading was boring, to say the least with the ranges becoming smaller and smaller. However, the recent low is above the previous one which could be an indication of some gains in store for the main crypto. More, since mid-December BtcUsd formed a double bottom with confirmation above 17k. A break above this pattern could lead to a rise at 18k resistance and in the longer term, would confirm 16k as a higher low and Bitcoin could rise even to 21k.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
25
BITCOIN The January effect. Bottom's in?January of 2023 finds Bitcoin (BTCUSD) on an interesting place. There is a recurring pattern on every BTC Cycle in relation to the January after a Bear Market. As this 1W chart shows, every time Bitcoin is sitting within the MA350 (green trend-line) and Multiple 2 (blue trend-line), the market has already formed its Bottom and the price either consolidates or starts rising almost immediately. This has previously happened on January 2019, January 2015 and January 2015. After the price broke above Multiple 2, it never looked back (exception COVID March 2020 Black Swan event) and rose for 1.5 - 2 years. At the time of the January bottoms, the PSO was historically oversold at -1.00. Same level it is now. Do you think we have a new "January effect" and the market has bottomed? Feel free to let me 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! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
17
BITCOIN Happy New Year! 2023 the Year of Recovery?First and foremost on this second trading day of 2023, the TradingShot team would like to wish everyone on this community a Happy New Year, may each and everyone's goals be achieved! 2022 ended, took a whole of negative fundamentals with it (war, LUNA, FTX) and closed the yearly candle in (deep) red. As you see on this 12M (12 month) time-frame, Bitcoin (BTCUSD) had another two red 12M candles throughout its history and naturally those were the Bear Cycle years. Three green yearly candles followed after 2014 just as another three after the 2018 Bear Cycle candle. Technically, the year that follows the red 12M candle is a recovery candle that hits and closes around the 1W MA100 (yellow trend-line). That level is currently at 37627.10 and running flat (sideways). Do you expect history to repeat itself following the 2022 Bear Cycle candle and close 2023 around $37k before the Bull Cycle really takes off? Feel free to let me know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
14