Get started

Btcusdsignals

BITCOIN The complete Cycle mapping. Will you miss out on this?This is Bitcoin (BTCUSD) on the 1W time-frame. The current and past Cycles have been classified into Bull (green Channel) and Bear (red Channel). With an (unorthodox) use of the Pitchfan we identified the key trend-lines that have historically shaped both Bull and Bear Cycles and might continue to do so in the future. The recent Bear Cycle has been driven by the 0.7 Pitchfan F (dotted). The new Bull Cycle should evolve around the 1.0 PF (solid blue) as the last two have mostly traded below their respective lines but peaked exactly after hitting them. This is of particular interest to us as the 1.0 (Bull Cycle) blue line leads to the 0.8 (Bear Cycle) orange line. Long-term investors should consider their crossing as the High of the next Bull Cycle may form there. As to when to buy? Well where couldn't be a better time than now. The recent FTX low has been 1428 days since the bottom of the 2018 Bear Cycle, which is the exact same time as it took itself from the previous (2014) Cycle. Moreover the STOCH RSI is at the level where BTC historically bottomed and started the new Bull Cycle. Do you think this is a unique long-term buy opportunity for Bitcoin and if so can the next top be near 200k? 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:BTCUSDLong
by TradingShot
14
BITCOIN The RSI is the key and is hanging from a thread.Bitcoin (BTCUSD) on the 1D time-frame is consolidating while the RSI just bounced on its Higher Lows trend-line that started after the FTX crash (November 09). This is as tight as it can get in terms of a Support as throughout the whole year, when the RSI broke below its Higher Lows, the price dropped aggressively (red zones). Right now we are on a hold or break point. Do you think this pattern will continue and a break below the RSI Higher Lows will deliver a new drop of at least -26% (that would push the price to around 13500) or this time is different? 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
10
BITCOIN Has a mountain to climb but theres light down the tunnelIndeed Bitcoin (BTCUSD) is far from being at its best shape as not onlt was it rejected last week on the 2D MA50 (blue trend-line) but the RSI did so also on a Resistance Zone holding since last March. The pattern since the June low is a Falling Wedge and that won't seen to be able to break to the upside unless the price breaks above the 1D MA200 (red trend-line) which by the first week of January should enter the Falling Wedge. Only then, after breaking this trend-line that has been intact since December 31 2021, can we expect Bitcoin to turn bullish long-term. Until then, the top (Lower Highs trend-line) of the Falling Wedge poses as the next rejection point/ Resistance. The only indication showing that there may be light down the tunnel for Bitcoin is the U.S. Dollar Index (DXY). This has been dropping significantly since September 26 and even though as you see on the chart they have a negative correlation, Bitcoin broke this after the FTX crash. With the Dollar continuing to drop, it would appear that when the crypto market gets past this fundamental effect of fear and uncertainty it left, it will shoot up aggressively to cover the lost ground to the upside. Do you think the market is far from getting back to normal again and capitalize the Dollar drop? 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
2
BITCOIN 50% of stocks above 1D MA200 = RallyThis is Bitcoin (BTCUSD) on the 1W time-frame compared to the S&P500 index (SPX) illustrated by the blue trend-line. The indicator below (black trend-line) shows that historically when 50% of the S&P500 stocks break above their 1D MA200, both Bitcoin and the S&P500 start a rally soon. Initially a few weeks of volatility takes place but the process already kicks in. Bitcoin's RSI is displayed in orange to give a better perspective of where we could be historically compared to prior bottoms. As you see, it tends to lag behind the stocks' indicator when it breaks above 50% . Do you think the pattern will be repeated again? 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:BTCUSDLong
by TradingShot
6
BITCOIN Pivot rejection, important 4H MA50 test! Buy or sell?Bitcoin (BTCUSD) immediately got rejected upon entering the 18200 - 18900 Pivot Zone (blue), which as we mentioned in our previous analysis was the former Support Zone from June until November (having multiple rebounds/ circles) now turned into a Resistance. The price broke again below the 1D MA50 (blue trend-line) and is headed towards the Support of the 4H MA50 (red trend-line). This is a critical Support level as within the greater Falling Wedge pattern that started on the June 18 Low, every time the price broke below it after a Lower High, a major sell-off was initiated. However all Lower Highs (peaks) within the Falling Wedge, have take place after BTC broke above the 1D MA100 (green trend-line), even marginally (green circles - August 15, September 13 and November 05). This hasn't happened yet on this Nov/ Dec rally and the 1D MA100 is currently just above yesterday's peak, inside the Pivot Zone and a little lower than the Falling Wedge's top (Lower Highs trend-line). As a result, unless the 4H MA50 breaks, we still believe there is (at least) some upside left on this BTC rally. Perhaps the 1D RSI can give an additional edge to finding the top after it enters its Resistance Zone. Below the 4H MA50, we expect 16000 to be tested while even a Lower Low on the Wedge's bottom is possible. As for the long-term, only a break above the 1D MA200 (orange trend-line) which is unbroken for nearly 1 year (since December 31 2021), can restore the bullish trend and confirm the new Bull Cycle. So what do you think? Is there one left High to make or Bitcoin will break below the 4H MA50 first? 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! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BITSTAMP:BTCUSD
by TradingShot
5
BITCOIN Can a 5th straight monthly inflation drop save the day??The talk of the day is the U.S. CPI which moments ago came out lower than expected (7.1% against a 7.3% forecast), marking the 5th straight month that inflation dropped. This is in fact the 2nd straight month of lower than expected CPI. The question is, will this be enough to mark the end of the Bear Cycle on Bitcoin (BTCUSD) and save the day? Well that also depends on the Fed which tomorrow decides upon the new Interest Rate. Technically though, BTC broke today above the 1D MA50 (blue trend-line) for the first time in over 1 month (since November 08) and the FTX crash. Even though that is a strong bullish signal alone on the short-term, the picture is more complicated on the long-term. As you see, the price has been trading within a Channel Down since the July 26 low. The RSI on the 1W time-frame though has been on a Channel Up, signaling a Bullish Divergence here, potentially hinting to a long-term bullish break-out. Until then, the focus is on the Resistance levels in the form of the Fibonacci levels within this Channel Down. But perhaps the biggest pressure will be on the (red) Pivot Zone, which from June 18 until November 08 had multiple test and hold events, and now is the Symmetrical Resistance. A break above should happen at the same time the price breaks above the top (Lower Highs trend-line) of the Channel Down. Beyond that point, we will be looking for a break above the 1D MA200 (orange trend-line) to confirm the uptrend, as it has been untouched for nearly 1 year (since December 31 2021). That would target the 22800 Resistance (1) and 25275 Resistance (2) on the medium-term. On the other hand, a Pivot and Channel top rejection will be a bearish signal targeting at least the 0.5 Channel Fib. Which scenario do you think is more likely? Is the CPI and Fed coming to the rescue? 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! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:BTCUSD
by TradingShot
6
💥Weekly Timeframe Analysis for $TOTAL#TOTAL (UPDATE) Here is what to expect on crypto total market cap for the next few months. $TOTAL is clearly bearish. But we may see a small pump towards $850B - $900B for market to seek liquidity before the drop. If price should drop from $900B market cap to $640B then $558B, imagine the outcome on Bitcoin. Also, if the crypto total market cap should drop from its CMP @ $804B market cap to $400B which is -2x, what price do you think Bitcoin price will fall to?? $8,500; $9,500; $10,500, $11,500? What’s your perspective? Not a financial advice 🙅🏼‍♂️ Share your opinion in the comment section✍️ Please support this idea with a 👍 if you find it useful😋 Happy Trading💰💵💸
CRYPTOCAP:TOTALShort
by PetrockFxTrading
4
BITCOIN Historical Buy Signal is flashingBitcoin (BTCUSD) remains supported on the 1W MA350 (red trend-line) following the FTX crash. A rare indicator, the Gaussian Channel (GC), remains red but based on previous Cycles, by the time it turns green, Bitcoin already has the first mini rally of the new Bull Cycle. The previous two GC Cycles from the end of the previous red period to the end of the next red period extended for 1260 and 1280 days respectively. If the 1280 day max is repeated during this Cycle also then the GC should flash green by January 30 2023. That means that historically there isn't much time left to start the 1st rally of the new Bull Cycle. Also by using the Fibonacci extension and retracement levels we see that the first two Cycles topped a little over the 1.414 Fib extension, while the bottoms of the first three Cycles have been above the 0.618 Fib retracement level. As diminishing returns are in effect on each Cycle, which in theory should narrow Bitcoin's channel long-term, the last Cycle topped lower on the 1.236 Fib (which is where the last High before the Top was formed in the previous two Cycles). If the channel does narrow down, then we bottom should also be higher and the next candidate would be the 0.5 Fib, which is slightly below the recent November low. With the Gaussian Channel pattern pointing to the 1st rally soon, the MA350 holding and the 0.5 Fib potentially the new Cyclical Support, we have perhaps the strongest buy signal of this Cycle flashing right now. Do you think that's the best time to buy? 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:BTCUSDLong
by TradingShot
20
BITCOIN, Yuan and China bond yields point to rally ahead!You might be thinking what the Chinese Yuan (USDCNY displayed by the red trend-line) and China's bond yields (CN20Y displayed by the blue trend-line) have to do with BITCOIN (BTCUSD). This chart comes to show just how strong the correlation is. As you see since 2012, every time the CN20Y broke above its Lower Highs trend-line, Bitcoin started its Bull Cycle rally. This makes the two assets strongly positively correlated. In addition, when that happened, it always coincided with the USDCNY starting a major fall (red circle on the chart, making the two assets mostly negatively correlated. In fact Bitcoin has had its Bull Cycles in major long-term USDCNY falls and its Bear Cycle in major USDCNY rises. Right now the CN20Y is testing the 2021/2022 Lower Highs trend-line again. Do you think a break above it would start Bitcoin's new major Bull rally? 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
10
BITCOIN Bullish Cross aims at $21000 at least.The MACD on the 3D time-frame is about to complete a Bullish Cross today. If the session closes that way, it will only be the 5th time since July 2021 of this occurence. The past four events made Bitcoin (BTCUSD) rally on a minimum of +26.50% and maximum of + 65.15%. From the current levels, that gives a min rise at $21000 and maximum at $27500. Even the minimum would put BTC above the 1D MA200 (red trend-line), which has been the strongest Resistance of this Bear Cycle, rejecting the price since the start of the year. What do you think? Will this Bullish Cross push Bitcoin to at least 21000 and if it does, will the 1D MA200 break-out be the start of the new Bull Cycle? 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:BTCUSDLong
by TradingShot
16
BITCOIN The Golden 51%-49% Ratio is back! Is this the next top?After the interest that the revised version of my Logarithmic Channel model attracted, I thought I'd extend it by adding a few more elements, most notable of which Tradingshot's very own Golden 51%-49% Ratio! Basically I've been asked continuously to make an update on that legendary chart, so here is an extension, though I promise I will also make an update with the original minimal pattern. For those who don't know how this Ratio works, it basically suggests that on each Cycle, the phase from the Bottom to the Halving is 51% of the whole Bull Cycle while the rest (Halving to Top) consists the 49%. Practically it claims that the Halving is roughly at the middle of each Bull Cycle. As the Logarithmic Growth Channel suggest that November 2022 was the absolute bottom of the 2022 Bear Cycle, we can now use the next Halving (number 4) and apply the 51%-49% Golden Ratio. Halving 4 is projected to be on May 26 2024 and based on the Ratio that puts the High of Cycle 5 near the end of November 2025. On every Cycle, once the Bear Cycle Lower Highs trend-line broke, BTC started officially the Rise, which after the Halving turns parabolic. Do you think a $200k Bitcoin realistic during Cycle 5 based on the combination of this two patterns? 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:BTCUSDLong
by TradingShot
36
BITCOIN Long and painful but necessary bottom process!We rarely post Bitcoin (BTCUSD) analyses on the 1M (monthly) time-frame, but this one does justice is showing the complete long-term picture. On a monthly basis, Bitcoin has been forming a bottom since the June Low, within a zone formed by the Fibonacci MA and Multiple 1. At the same time the 1M RSI has been trading exactly at the bottom of the Channel Down pattern that goes back to April 2013. This is the painful but necessary bottom process that BTC has to go through on all of its Cycles and it appears that it bears more resemblance with the early 2015 sequence. The cyclical pattern on every Cycle is the same. Lower Lows, a Resistance and a Cup like formation which after it breaks the Resistance starts the parabolic rally to the new Cycle High. Based on this model, the next Resistance break-out may not happen until early 2024. What are your thoughts on this? Is Bitcoin about to complete a painful but necessary bottom process? 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
41
BITCOIN Log Growth Curve the only pattern that matters right nowOn this chart we seen Bitcoin (BTCUSD) on its historic Logarithmic Channel (LC), the channel that has been trading in since its inception and will put emphasis on its Growth Curve which is the pattern we popularized here since early 2019. See how well the model has been containing the price action going more than 3 years back: Back to today now. As you see on this chart, which as we mention is the only chart you should care about right now, Bitcoin following the FTX crash hit the bottom of its Logarithmic Channel (LG), displayed by the green line, which historically has proven to be the ultimate buy level, with strong rallies following shortly after. Since then it has been trading on the green line, which we call the Growth Curve (GC), showing the first signs of a new, and most likely the final, accumulation phase. As long as it stays within the GC and the dotted line above, BTC will continue to accumulate. Above that, the first historic Resistance in an upcoming Bull Cycle is the Blue line, which kept the price at bay for most of the 2012 and 2015/16 Cycles, before the parabolic rally that capped the Bull Cycle. The yellow line is a typical pivot line during both Bull and Bear Cycles, as you see it held the first waves of the 2021/22 Bear Cycle before eventually failing. The orange line, is the level where investors typically look to sell and exit the Bull Cycle, while the zone formed by the upper dotted line and the red one has historically been an absolute (extremely overbought) belt. Right now the price is on the absolute bottom of this model that has never failed while having the Multiple 8 (grey trend-line) just below it, which also has never been broken and marked the bottoms of March 2020, August 2015 and November 2011. Are you a buyer or a seller based on this? 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:BTCUSDLong
by TradingShot
21
BITCOIN & the USDT Dominance point to a fast reversal!This is Bitcoin (BTCUSD) on the 1W time-frame drawn against the USDT dominance. For better comparison purposes both are displayed in candle bars, BTC being on top, USDT Dom at the bottom. The essence of this comparison is to find a behavioral pattern that can help us estimate which phase of the Cycle BTC could be at. As you see, the USDT Dom is printing a pattern, technical top formation that has been previously associated with market bottoms on Bitcoin. In the past two weeks, the USDT Dom has started to pull-back and that very same sequence in July 2020 and February 2019 extended the drops, which was translated into an instant rally on Bitcoin. Even in the case of the August 31 2020 week and the injection that sent the USDT Dom (much) higher following the initial pull-back, the price quickly get back to its harmonized levels and fell back massively. BTC has already started to react favorably to this 2-week USDT Dom pull-back. Do you think it can keep up this momentum and if this is indeed a USDT D. top are we ahead of a strong rally? 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:BTCUSDLong
by TradingShot
8
BITCOIN Weekly RSI has bottomed and leads the way to 19k first.This is Bitcoin (BTCUSD) on the 1W (weekly) time-frame. The focus is on the Bearish Megaphone that has been running since the April 12 2021 High, drawn on the weekly candle bodies, ignoring the wicks. This is the pattern that has been dominating the whole Bear Cycle since its beginning, with the October - November fake-out rally excluded as its was the peak of a stock market euphoria at the end of the post COVID quantitative easing. As you see, since the FTX crash (November 07 2022 candle), BTC is trading sideways on the 3rd straight flat week ranging within 15550 - 17150. At the same time, the 1W RSI hit the top (Lower Highs trend-line) of the Bear Cycle's Falling Wedge, and has been rebounding. This could be an early indication that the long-term trend is shifting. On the short-term a potential rebound is limited to the Inner Lower Highs trend-line (dashed). The medium-term turns bullish only above the 1D MA200 (red trend-line), which has been intact for the whole year (since January 02 2022). If broken the medium-term targets are the 1W MA200 (orange trend-line) and 1W MA50 (blue trend-line). On year-to-year basis, the target can be much higher. Look at how the current FTX Low was made on the -1.0 Fibonacci extension, counting from the first High and Low of the Bearish Megaphone. If the exact same symmetry plays out on the upside, then the 2.0 Fibonacci extension is located a little over $120000 (see chart below or narrow down the horizontal axis on the main chart). Is this the start of a long-term bullish move for Bitcoin? 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:BTCUSDLong
by TradingShot
3
BITCOIN Targeting $18500 short-termSimple 1D time-frame analysis on Bitcoin (BTCUSD) showing that since the March 28 High, every drop was followed by a rebound to the 0.5 Fibonacci retracement level. Out of a total 3 occasions, in two of them the 0.5 Fib top matched by a 4H MA200 (orange trend-line) rejection. Right the 4H MA200 is exactly on the 0.5 Fib at around $18500. Is that your short-term target? 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! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BITSTAMP:BTCUSDLong
by TradingShot
12
BITCOIN If this level holds, expect 50k on the next rally.This is an interesting finding on the 1W time-frame, showing Bitcoin (BTCUSD) within a Channel Up since December 2017 High (of the previous Cycle). Below we analyze frame by frame the similarities and differences, key pressure levels and how those can make a projection for the following months. ** Triangle.. then flush ** A key component of this is the pattern that preceded the FTX crash. As you see that was a Triangle (blue), with the FTX crash displayed by the strong 1W red candle that followed. Before that crash, the price was effectively supported on the 0.236 Fibonacci level. The very same Triangle was seen on the 2018 Bear Cycle, up until the week of November 12 2018. Two strong 1W red candles followed, which after a rather flat green, gave way to another two red weeks that priced the bottom. Notice that during both Triangles, the 1W LMACD flattened. So far following the FTX candle, we've had another (flat) red and this week (so far) a green one. Relative to the 2018 fractal, the price should be proportionately positioned where the red circle is. This implicates that after the green 1W candle, another two red ones should follow and the bottom will be in. How far those final red candles can go is anyone's guess but if they follow the (not so strong compared to 2018) FTX candle or even more so the flat 2nd red week that followed, then they could be rather limited in extent. This however goes in contrast to the total correction of the 2018 Bear Cycle, which was approximately -84%. A repeat of that magnitude would put BTC below the bottom (Higher Lows trend-line) of this long-term Channel Up, but the same took place on the week of March 09 2020, with the COVID flash crash, which broke the Channel's bottom rapidly on a wick and then rebounded almost instantly. ** The 1st Support - 1st Resistance pattern ** Another important aspect of this Channel is where the price had its 1st Support after the Top was made and the Bear Cycle started and where it found its 1st Resistance after the bottom and the start of the new Bull Cycle. In early 2018, BTC had the 0.5 Fibonacci level as the 1st Support level that contained the downfall before the eventual sell-off to the Triangle. In 2021/22, that 1st Support level was on the 0.618 Fib. In 2019 the 1st Resistance level that put a stop to the first rally on the new Bull Cycle was again Fib 0.5, displaying a perfect symmetry. If the same pattern is continued, then the initial rally that will follow in the new Bull Cycle, should stop on the 0.618 Fib, i.e. slightly above $50000. For a more effective comparison, we have plotted the 2019/20 sequence (black trend-line) on today's price action onwards. Not surprisingly, it is rejected on the 0.618 Fibonacci level, a little over $50k. That is of course, assuming that the next two weekly (1W) candles will be not as aggressive as in late 2018. If they are and the bottom of the Channel is hit, we can expect a bottom within $13000 - 12000. Do you think we are very close to pricing the bottom and if so, is this model correct to predict 50k on the next rally? 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
21
BITCOIN $19000 and the importance of the Channel's medianSince the May 31 High and the subsequent sell-off, Bitcoin (BTCUSD) has been trading within a Channel Down pattern. We've plotted the Fibonacci retracement levels and the +/- 0.5 upper and lower extensions, in order to see potential pressure points/ levels. As you see, the Channel's median (Fibonacci 0.5) has been dominating the price action with six so far (including the one three days ago) touches, all of which initiated rebounds. The 1D RSI and MACD (Bullish Cross) sequences indicate that the current consolidation on Fib 0.5 resembles that of August 28 - September 07. That pattern fueled a rebound that stopped just above the 1D MA50 (blue trend-line) and the 0.786 Fib. As long as the 0.5 Fib holds, the short-term target is the 0.786 Fib. It is worth mentioning that the 1D MA200 (orange trend-line), unbroken since December 31 2021, is now closer than even to the Channel Down. A closing above it can potentially test the 1.5 Fibonacci extension of the Channel. On the other hand, two closing in a row below the 0.5, can target instantly the 0.236 Fib, even the bottom of the Channel. Which way do you think Bitcoin will break to first? Top or Bottom of the Channel? 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! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BITSTAMP:BTCUSD
by TradingShot
10
BITCOIN Huge volume signaling the end of the Bear Market?Two weeks ago, we saw the strongest weekly volume in more than a year, fueled by the collapse of FTX. This is a good opportunity to historically examine the effect of such huge volume spikes on Bitcoin (BTCUSD). On this 1W chart, we see that such volume spikes tend to be associated with trend reversals on BTC. In recent price action in particular, we've had a similar volume spike on June 13 2022. Practically same volume spikes between a 5 month period. As this chart shows, volume spikes of such a period or shorter have historically been either Bottom or Top formations. The previous such volume pattern was between January 11 2021 - May 17 2021 and was the formation of the Bull Cycle Top. The one before was between November 19 2018 - May 13 2019 and was the bottom formation of the Bear Cycle. Before that we've had the Bull Cycle Top formation of the December 18 2017 - February 05 2018 volume spikes. Finally the Bottom formation of the 2014/15 Bear Cycle was made on the January 12 2015 - November 02 2015 spikes. The latter is the pattern that has the most similarities with the current one (June 13 - November 07 2022) as there is a Lower Highs (Bottom) trend-line involved. Can the November 07 volume spike be the moment that gives the trend reversal to bullish and get Bitcoin out of this two year Bear Cycle or is it simply a short-term rebound at best like the June 13 2022 and February 05 2018 volume spikes? 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
11
BITCOIN The Fib-Dollar Cheat sheet says the bottom is formedThis analysis is centered around Bitcoin's (BTCUSD) Halvings and their important to the market due to the supply shock they fundamentally deal and have done so historically and the U.S. Dollar Index (DXY being the green trend-line). On this 1W time-frame, we've applied time and horizontal Fibonacci levels on each Halving Cycle, from start to end, to classify the different phases that BTC has traded and determine where we are at now (always based on the model). ** The Time Fibonacci levels ** As you see, the price tends to rally aggressively after each Halving (Fib 0.0) until Fib 0.236. We classify this as the Parabolic Phase. From Fib 0.236 to 0.382, BTC tends to make the final rally and forms its Cycle Top. We classify this as the Top formation. From Fib 0.382 to 0.5, BTC has officially entered Bear Market territory. We classify this as the Bear Phase. From Fib 0.5 to 0.618, BTC is in the final staged of the Bear Cycle, preparing for its last (and most aggressive) fall. We classify this as the Despair Phase. From Fib 0.618 to 0.786, BTC traditionally forms the Bottom of the Cycle, signaling the end of the Bear Market. We call this the Bottom formation phase. From Fib 0.786 to 1.0 (next Halving), BTC officially starts the new Bull Market. Categorization: Bull. ** The horizontal Fibonacci levels ** Those are measured from the bottom of the Halving candle to the top of each Cycle. Those are mostly useful in calculating a potential bottom level. The first Cycle bottomed after the 0.382 Fib broke. The second Cycle bottomed after the 0.5 Fib broke (a Fib level lower than the previous Cycle), while the current Cycle has already broken Fib 0.618 (a Fib level lower than the previous Cycle). Not surprisingly, this recent (FTX led) low is timed right within the 'Bottom formation' Phase (blue zone). In the 2018/19 Cycle, the price rebounded relatively early after the 'Bottom formation' Low, while in 2014/15 in did so towards its end. The phase's end is in May 2023. ** The Dollar's importance ** Among all the Fibs and classifications, the USD Index (DXY) plays its own highly important role during BTC's Cycles. Right now the DXY has been on a +1 month (aggressive) decline. Typically, as it is valued in USD, Bitcoin tends to rise when the DXY falls. The stop of USD's previous run was in March 2020, right on the COVID crash. What Bitcoin did then was bottom out and start the 2020/21 Parabolic rally. The previous USD top was on December 2016, when again Bitcoin was in its 'Parabolic Phase'. The USD's previous top was in March 2015, right at the start of the 2015 'Bottom formation' phase. From all the about, we could reach a (always with a certain degree of error/risk) conclusion that the combination of a new (fundamentally led/ FTX) Low within the "Bottom formation" phase of this Halving Cycle, while the DXY is dropping aggressively, could be Bitcoin's new bottom. Whether the price rebounds now as in 2019 or twards the end of the phase as in 2015, it remains to be seen, and certainly depends on a lot of variable factors, most of which fundamental. Stability in the stock market is definitely among the top ones. But what do you think? Has Bitcoin priced its new Cycle Bottom as this Halving model suggest, especially if the DXY is starting a new long-term decline? Or the global fundamentals are so strong that it will be invalidated? 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
12
BITCOIN Strongest sell signal since 2021! This time's different?Those who follow our channel for long, know that we like to look into Bitcoin (BTCUSD) on many different time-frames for a more all-around perspective. The 3D time-frame is one of the most accurate for long-term price projections and this time is no different as since last week its MACD formed a Bearish Cross. As you see, since March 2021 we've had this formation another four times, all of which delivered a new Low. The September 16 2021 Cross was limited to 'only' a -18% drop but the other three delivered enormous -50%, -52% and -57% drops. A 'standard' (according to this model) -50% drop from today's Bearish Cross' candle would push the price down to a little below the $10000 barrier, a huge psychological level undoubtedly. Add to the mix that BTC got rejected on its 3D MA50 (blue trend-line) same it did in late March/ early April 2022 before the last MACD Bearish Cross and the -57% drop. Now, what's different this time? The only parameter that differs is that in the past four events, the build-up to the Bearish Crosses was a Channel Up. This time it was a Channel Down. How important can that be and whether it can cause the opposite outcome (a rise), it remains to be seen. A good indication that this time it might be different would be if the price breaks above the Channel Down, thus the 3D MA50 (currently at 20386) as well. What do you think? Are we about to see Bitcoin at $10k in the next 2 months or does the Channel Down signal the end of this bearish model? 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
16