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Btcusdsignals

BITCOIN The USD is approaching a level of historic BTC rallies!Bitcoin (BTCUSD) turned again lower on the short-term following yesterday's pull-back on the stock markets due to Powell's remarks on a May 50 basis points hike. The long-term outlook however remains intact and is further enhanced by the U.S. Dollar Index (DXY), which is approaching a critical Resistance trend-line. As this 1W chart shows, every time the DXY (bottom chart) hits its 5 year Lower Highs trend-line, it gets rejected towards the 90.000 level or lower. At the same time, as the USD is devalued against major currencies, Bitcoin starts an aggressive (parabolic) rally. The last two times it was the 2017 rally and the post COVID crash 2020 rally. As you see, I've drawn BTC's own Higher Lows Zone that acts as a Support since 2017. In fact if we ignore the Black Swan event of the March 2020 COVID crash, we see that the Diverging Higher Lows trend-line offers an absolute Support since 2017 with multiple contact points that sustained the long-term logarithmic uptrend, and is now very close to the current price action. So what's your opinion about this potential rejection of DXY? Will it be enough to start a new parabolic rally on Bitcoin? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
50
BTCUSD | New perspective | Follow-up detailsAs speculated in my previous speculation on this pair (see link below for reference purposes), in the last 24 hours, price action has began to express bullish opportunity as we witness a a quick rejection of the bullish trendline identified on the daily timeframe. For those who missed the buy opportunity that happened yesterday, It is pertinent that we take a pill of patience at this juncture in the market and wait for a possible retracement into a significant demand level for another wave if it finally happens. I shall definitely keep you updated on my tradingview account as price action is been monitored, Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
COINBASE:BTCUSDLong
by darcsherry
BITCOIN Can it rise that fast that quickly?As Bitcoin (BTCUSD) is testing the 1D MA50 (blue trend-line) as a Resistance, following a Higher Low two days ago on the 2022 Channel Up, it is time to look into the bigger picture again and see where we are at on the long-term Channel Up that started after the April 14 2021 High, which is a pattern that I first introduced on this channel on January 25 2022: ** Is this a near perfect symmetry ** First of all let's start by pointing out that so far, the time period between the Channel's two Higher Highs and two Higher Lows has been almost the same (210 days against 216 respectively). Assuming the next Higher High has the same distance from the previous, that times it on June 08 2022. Even if we use the distance from the Higher Low to Higher High measurement (which however so far gives only one event), which is 140 days, that places the next Higher High on June 13. Can Bitcoin rise that high that quickly? ** Where are we in relation to the last bottom? Ichimoku, RSI and MACD approaches ** One way to answer this is to determine where we are based on the last bottom/ Higher Low of the Channel Up. The March 28 High got rejected on the 1D MA200 (orange trend-line). A similar but only near rejection was made on June 15 2021, so that is too soon on the previous fractal. On the other hand, the fact that since April 11, the price entered and stayed within the green Ichimoku Cloud, brings us to the similar September 20 - October 01 2021 stage. That is matched fairly well by the RSI of the two periods. Perhaps the most important is the MACD indicator, which is displayed on the 1W time-frame, in order to put emphasis on the Bullish Cross. That happened on March 30 2022 and August 19 2021, roughly when the Ichimoku Cloud turned green. That was just before the March 28 2022 High (1D MA200 rejection) and the September 06 2021 High. Now the MACD is about to cross again into a Bearish Cross, which needs to be avoid in order to keep the fractal intact. Same as it was avoided on September 26 2021, while the price was trading inside the green Ichimoku Cloud. ** What if we are still forming the bottom? ** If the above indicators are the case, then this suggests that this time the uptrend to a Higher High is much less aggressive than in 2021. That is to a big extend justified by the fact that the Ukraine - Russia war kept BTC and the whole market low in February - March, as the (highly correlated) stock market had a strong correction. As a result BTC may not be at its full potential right now and fairly underpriced in relation to the 2021 leg. However, since the 1D MA200 hasn't been broken (yet), we may assume that it is possible to still be forming the bottom and the recent pull-back be similar to that of August 01 - 05 2021, which was half-way through the first phase of the rally that got Bitcoin out of the bottom's consolidation. In that case, there is still enough potential to make a new Higher High (and All Time High as a matter of fact) but could take longer, roughly end of July. Bonus fact: See how important the Fibonacci retracement levels of the Channel Up are. The recent 1D MA200 rejection took place on the 0.382 Fib, the Sept 21 2021 low stopped on the 0.236 Fib, the Sept 06 2021 High on the 0.618 Fib and many other examples. Based on the above facts, do you think it is realistic to expect Bitcoin to rise this fast that quickly? Or are we just getting out of the new bottom formation of the Channel Up? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSDLong
by TradingShot
28
BTCUSD | New perspectiveSince my last publication on this pair, we witnessed over 7,000pips move (see link below for reference purposes) and the price is right back at where we were a couple of months ago. With a significant bullish trendline identified on the daily timeframe; we might want to be looking at a bullish expectation in the next couple of days as long the price does not break below this line. In this video, I explained why I think we should be anticipating a bullish momentum. I shall bring up updates as price action is been monitored in the next couple of days... Stay tuned in! Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
COINBASE:BTCUSDLong
by darcsherry
1
BITCOIN spot market bottoms and reversals using DOW's Stoch RSII've made countless analyses in the past pointing out the high correlation between Bitcoin (BTCUSD) and the stock markets. In that context, I was running a few regressions of BTC against Dow Jones (DJI) in particular and found an indicator that has spotted all of Bitcoin's historic market bottoms with 100% accuracy. That is the rather undervalued Stochastic RSI. As this chart on the 1W time-frame shows, the 1W Stoch RSI of Dow Jones is currently on a slight pull-back having made an absolute bottom on the 0.00 reading in late February. Notice how all Stoch RSI swings at or near 0.00 have been market bottoms for Bitcoin: September 11, August 2015, January 2016, December 2018 and March 2020. When the RSI broke above the 20.00 level again it started a consolidation phase, which never looked back and eventually led to a parabolic rally. As you may see, all initial breaks above the 20.00 Stoch RSI level, posted a pull-back soon after (red and green arrows). Once the pull-back was completed on the green arrow, the Parabolic Rally on Bitcoin started. This is strong evidence that the market has made its bottom on the current Cycle. What we need to pay attention to now is when Dow's Stoch RSI will reverse again. That will be the time that Bitcoin breaks upwards and won't look back. From a long-term investors perspective, Bitcoin's current price level is a good of a buy as it can get. Wouldn't you agree based on this correlation? Feel free to share your work and let me know in the comments section below! * NOTE: I don't know why Dow's price chart also shows up. Drag the Stoch RSI pane in order to maximize it over Dow's price and better see the correlation with Bitcoin. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSDLong
by TradingShot
31
BITCOIN A short-term set-upThis is Bitcoin (BTCUSD) on the 4H time-frame. A good short-term set-up is emerging as both the candle action and the 4H RSI are forming a sequence similar to the March 07 - March 12 pattern, which was a Higher Low on the 'First Support Higher Lows trend-line' that I introduced last Tuesday. As you see, the price is at the stage where it is below the 4H MA50 (blue trend-line) and the Red Ichimoku and is about to come outside of the consolidation pattern. When that happened in March, it took the price around 9 days to break above the previous Resistance, which on the current fractal is at 41590. When that broke, Bitcoin rallied and made a top on the 2.0 Fibonacci extension (roughly above 48000), which was the March 28 Higher High of the 1D Channel Up. The 2.0 Fib extension on the current pattern is at 43960. A break below the Support of 39200 could be enough to invalidate this trading set-up. Do you think it will play out or get invalidated? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSDLong
by TradingShot
18
BITCOIN is just getting out of this Cycle's bottom. Huge upside!In late February I posted the following analysis regarding Bitcoin's (BTCUSD) clear Bottom patterns on every Cycle, making valid arguments why January - February was a cyclical bottom formation for Bitcoin: The price has posted a new bullish leg since then, and it appears that we are on the right track to start a steady but strong rise again long-term. Notice how the price remains within the long-term Buy Zone, thus staying (in cyclical terms) still a solid long-term buy. On the current analysis, I am extending this chart a bit by adding a very interesting feature on a Cycle's horizon: The measurement from one bottom pattern to the next. As you see, on this 1W time-frame, the distance of the lowest level of the 1st Bottom pattern to the lowest level of the 2nd Bottom pattern was 183 weeks (1281 days). Similarly the measurement from the lowest level of the 2nd Bottom pattern to the the lowest level of the 3rd Bottom pattern was 171 weeks (1197 days). Finally (assuming January 2022 is indeed a bottom pattern), the distance from the lowest level of the 3rd Bottom pattern to the the lowest level of the 4th (current) Bottom pattern has been 165 weeks (1155 days). It is obvious that each sequence gets shorter in time by a factor of roughly 80 - 50 days. As a result in arithmetic progression terms we can claim that +/- some days, Bitcoin is coming out of this Cycle's bottom. The previous analysis of November shows that the price never hits the peak of the previous Cycle, so naturally 20k is out of the question. The big question is will it trend more or less aggressively this time? As mentioned above, as long as the price remains within the green zone, it remains a long-term buy. It is when it breaks above (usually on news/ strong fundamentals of adoption etc) that the real Parabolic Rally begins. I assume noone wants to be left behind. So what do you think about this Bottom fractal chart? Is BTC a good enough buy for you as it is on the current levels? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
INDEX:BTCUSDLong
by TradingShot
106
BITCOIN Is the correction over?This is an update to last week's medium-term analysis that was centered around Bitcoin's (BTCUSD) Channel Up and the bearish - bullish break-out levels: ** Bearish break-out on clear levels ** As you see, the Flag pattern, that started after the price made a new Higher High at the top of the Channel Up, failed to break above the (bullish) invalidation level (48,300) and instead broke below the Flag's bottom (Lower Lows). After a short consolidation around the 4H MA200 (orange trend-line), it also broke below the Internal Higher Lows trend-line. All levels were clearly mentioned on that idea last week. ** The 1st Higher Lows trend-line ** Now on today's analysis, I will make one small but can turn out to be critical addition to the technical mix. That is the First Higher Lows trend-line (green line) which is parallel to those (Higher Lows) of the bottom of the Channel Up. As the chart shows, this has offered a support and bounce point to Bitcoin six times since January 27. The price came yesterday just a fraction before hitting it and we already see a minor rebound reaction. ** The MACD and Death Cross ** On top of all these, the 4H MACD indicator is about to make a Bullish Cross, and is in a similar position as it was on the February 24 bottom. Interestingly enough, that previous (Feb 24) bottom that made a new Higher Low on the Channel Up, took place exactly when the 4H MA50 (blue trend-line) crossed below the 4H MA200 and formed the well-known Death Cross pattern. Technically, we are just one day before those two trend-lines form a new Death Cross. Will those be enough to form a bottom now and extend today's small bounce into a larger medium-term rebound within the Channel Up, or the price will make one last pull-back for a 'clean' Higher Low at the bottom of the Channel Up? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSDLong
by TradingShot
23
BTCUSD don't BUY yet!Hi fellow traders, I've been posting many charts on BTCUSD lately because we are getting closer and closer to the point where we will see Bitcoin rise once again. It is important to look at the bigger picture now on the weekly. I believe this is a large corrective structure in the shape of an expanding flat pattern. Thus we will break de previous bottom at 28k and we should see a sharp rise from anywhere within the blue box. I will keep updating the BTCUSD chart on smaller TF's. For now, stay patient guys. Goodluck!
COINBASE:BTCUSD
by OGwavetrader
2
BITCOIN Cycle's Fib Supports intact with the 1D MA50 supporting.I have made numerous analysis on multiple time-frames comparing the April 2021 - April 2022 Cycle to that of July 2019 - September 2020. This time I am adding one more element on the 1W time-frame: The Fibonacci retracement levels. As you see, Bitcoin (BTCUSD ) is currently trading within the 0.382 - 0.618 Fibonacci retracement levels with the 1D MA50 (red trend-line) supporting. The 1W RSI has broken above its MA since the March 14 1W candle, which signaled the bullish break-out above the 1D MA50 and the end of the 3 month consolidation phase at the bottom of the correction since the November 2021 High. That is a very similar position Bitcoin had in early May 2020 i.e. trading within 0.382 - 0.618 Fib with the 1D in support and the 1W RSI above its MA. What followed was roughly a 4 month slow rise of Higher Highs and Higher Lows first within Fib 0.382 - 0.618 and then 0.618 - 0.786. What does this mean for us now? This suggests that if Bitcoin manages to hold the 0.382 Fib as Support and consolidate, it is more likely to see a Higher High to 55k (0.785 Fib roughly) and then by the end of Q3 a test of the All Time High. Do you expect it to hold? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSD
by TradingShot
41
BITCOIN Is this a Bull Flag or the start of a down-trend?Bitcoin (BTCUSD) has been pulling back since its March 28 Top. That top was a Higher High in the wider pattern of the Channel Up, which Bitcoin has been trading in since the January 24 bottom. ** The Bull Flag ** The pull-back is so far a Bull Flag, which essentially is a Channel Down when an asset is on an uptrend that hasn't broken below its previous Higher Low of the main trend. Those Higher Lows are what I marked as 'Internal Higher Lows trend-line'. ** The 4H MA200 and the downtrend ** The previous Bull Flag that marked the last Higher High of the Channel Up (February 10), was false and eventually failed, i.e. the price broke below its bottom (Lower Lows). After a short consolidation around the 4H MA200, the downtrend eventually made a Higher Low at the bottom of the Channel Up. As a result we should keep an eye on the current Bull Flag's bottom. A break should lead to the 4H MA200 (it's not that far off after-all) and a break below the Internal Higher Lows, will open the way for the new Higher Low. The 4H MACD so far shows that we are in a similar pattern to February. ** Invalidation ** However, a break above the 4H MA50 (blue trend-line) or better yet, the 48,150 High, is the invalidation level of the Channel Up, and most likely will lead to a quick test of the 52150 December 27 High. Which scenario do you think is more likely to take place? Pull-back towards the Channel Down's bottom (roughly 38000 level) or invalidation towards 52150? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSD
by TradingShot
37
BITCOIN Formed the 1W LMACD Bullish Cross! Historic rally ahead!Two weeks ago I mentioned that Bitcoin (BTCUSD) was trading 'perhaps the most critical week' of recent times, mainly due to the fact that the price was testing the 1W MA50 (blue trend-line), which was the Resistance for 12 weeks straight, as every week closed below it: Well not only did the price close a 1W candle above the 1W MA50, but at the same time, the 1W LMACD made a Bullish Cross! That is the focal point of today's study as all previous LMACD Bullish Crosses on the 1W time-frame have delivered major rallies in recent years. The last 1W LMACD Bullish Cross for reference was on the August 09 2021 1W candle. Another element I want to add, is the similarities of the rather neutral price action in 2021 - date with the phase of 2019 - early 2020. First, in terms on LMACD, there are clear legs that draw a similar pattern. A key characteristic is that the Support then was the 1W MA200 (orange trend-line) while now is the 1W MA100 (green trend-line). This could mean that this time the rally may be more aggressive. A rather radical illustration can be made on the Fibonacci Channel scale using the extensions. Can it go as high as the 300k - 350k USD in such short period of time? That's has a big question-mark besides it and it would require massive bullish fundamentals, but they could be just around the corner. What we should keep from the current study is that the break above the 1W MA50 and the 1W LMACD Bullish Cross, can be enough to take Bitcoin past its previous All Time Highs. Do you agree? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSD
by TradingShot
60
BITCOIN ahead of important long-term bullish break-outsAs I've mentioned a few weeks back, Bitcoin is running on very critical long-term levels. Basically this idea is a combination of two previous analyses: Bitcoin (BTCUSD) closed the 2nd straight green monthly candle, first time since August 2021 to do so while at the same time closed above the 1W MA50 for the first time in 13 weeks. This time I am looking at the 2W time-frame, in order to highlight the similarities in the RSI (mostly) structure of 2019/20 and 2021/22. The price action is also fairly similar if we exclude of course the Black Swan event of the COVID sell-off in March 2020. I've highlighted the RSI phases between the two periods. Right now it appears that we are past the price bottom (leg 4) and with the RSI attempting to make the bullish break-out above its MA (black trend-line) which in April 2020 led to a test of the leg (3) High. What's unique in the current situation is that the price is at its closest to the upper Bollinger Band since early November 2021. A break above it, was what initiated the Parabolic Rallies of early 2019 and late 2020. What do you think will happen this time? Will a break above the upper BB kick start a new rally? Feel free to share your work and let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSD
by TradingShot
22