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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- New leg up- probable, FOMO- not advisableBitcoin reversed around 30% from November's low with more than 20% made this year, and I already see a lot of people calling for a bottom. Indeed, this is a strong reversal, but calling for a bottom is a little early and, in my opinion, the economy is not out of the woods, by far. Nevertheless, in short term, I'm strongly bullish and I expect a new leg up. Yesterday, Bitcoin had an intraday correction and this could be it and a break above 21 could again accelerate gains to 23k. However, from a speculator's point of view, a buy here is not making sense from a risk perspective In conclusion, dips under 20k should be considered good buying opportunities, with a stop loss under 18k and a take profit around 23k
BITSTAMP:BTCUSDLong
by Mihai_Iacob
18
Bitcoin- Traders should be careful with buy trades nowPretty quickly my target of 21k was reached and, as explained on Monday's post, my trade closed in TP with 1:4 R:R. My optimism from now on is very reserved though... Indeed, we have a higher low in place and Bitcoin is well above 18k support, however, the last 3 days are marked by an almost 20% rise and a correction could follow soon. Technically speaking, above 21k is the resistance zone and from this zone, a correction could start. Looking at a 1-hour chart we can see a small consolidation that resembles a small pennant, so a new high is not out of the question, but, as I said, if you are not scalping the market, in my opinion, is not worth the risk of a buy trade. In conclusion, I will look to buy around 19k and if is not dropping there it can go "to the moon" without me:)
BITSTAMP:BTCUSD
by Mihai_Iacob
23
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- Mini bull run in the first semester of 2023?The long-term trend for Bitcoin, in fact, for all the crypto market, is bearish, and there's no question about this, and, to be honest, I'm almost sure we will have new lows in the future( as sure you can be when it comes to markets). However, at this moment, I think we will have a rebound for a few months and, as there's no straight up in a bull trend, the same is no straight down in a bear one. In this post, I will explain my reasons for thinking this, both technically and using common sense, and share my current trade and risk management. Technically: At the beginning of November, Bitcoin has broken under important 18k support and reached 15500. After a retest of the broken support, BtcUsd fell again, but, instead of making a new low, made a higher low and started to consolidate again and even made a small double bottom in the past month or so. Now the neckline of this double bottom is broken (17k) and the target for this is towards 18k resistance. In the eventuality of a rise to 18k, 16300 is confirmed as a higher low and there is a high chance of a break back above 18k which would confirm a false break and a bear trap. This whole outcome could lead to further gains and my first target is 21k. Common sense: First of all, after the 18k break back in November, the drop lacked continuation, instead, we have consolidation and even a lot of bad news came from the crypto market Bitcoin stud still. Second... This "invitation" to sell on a stable market because all will drop is something I don't buy. Selling at 16-17k and rebuying it at 10k would be too simple. My Trade: I know there are a lot of "ifs" in my analysis, but if you traded long enough you know that, in fact, you should work with "ifs" and take a trade step by step. Only idiots have certainties(and know that Bitcoin will go to 1mil or 0, depending on the bias), intelligent people have doubts, I'm not an intelligent man, so I have stop loss...:) So.. here is my personal trade at this moment: Bought at 16700 in anticipation of a break above 17k (so far I'm correct) Stop loss is around 16k, but for the sake of round numbers, let's say 15700 Take profit, at this moment, is at 21k Considering a buy trade of 1Btc, the potential loss is 1000usd and the potential profit si 4k, this would mean 1:4 R: R which for me, as a speculator, is fabulous. As I said, a lot could happen, and if the price is breaking 18k and going towards 20k with buying power I even can aim for 25k and remove TP from 21k. Nevertheless, my potential loss for this trade is already counted for and now is the market's turn. Have a nice trading week! Mihai Iacob
BITSTAMP:BTCUSDLong
by Mihai_Iacob
21
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
BITCOIN, Wyckoff Dynamics to Setup HUGE ALTERATION!Hello Community, the year 2022 has finished and the start of 2023 has been initiated. The year 2022 was a year of extremely volatile market conditions showing the results of a longer series of economic events like fallouts in supply chains and partial sectors on the verge of a completely new way of overthinking their place in the economy causing the financial markets to reiterate the positions of assets and showing massive disruptions within the financial markets and so also in the cryptocurrency market, huge chain-reaction events triggered massive volatility within the markets and caused the central banks to intervene against inflationary pressures spreading with the roots in several factors which fuel the heavy inflation like energy shortage, monetary expansion, and supply chain disruptions. And in all of this market turmoil remain Bitcoin and the Cryptocurrency market while the price action was highly volatile with many peaks and valleys continuously through the year 2022 the technological adoption and preparedness of Bitcoin and Cryptocurrency to be adopted on a mass scale have not declined to pre-levels seen before 2022. Now with these given factors established in 2022 the question of how the dynamics will develop through the next times moving forward into 2023. With this lineup, it is preeminent to consider the technical analysis components as I have done it in my Wyckoff analysis put together the puzzle pieces of fundamentals and market behavior in the visual element of technical price action. In my chart, you can watch the underlying Wyckoff dynamics within the Bitcoin price action and I am going to discuss them in the following, where Bitcoin is standing now out of the Wyckoff perspective and what movements are likely to be expected when applying the Wyckoff projections during the current market phase. Completed Phases Phase A: Within the first phase of the Wyckoff accumulation dynamics to be watched with Bitcoin massive selling pressure hit the market and Bitcoin moved into important support zones to first establish the PS- Preliminary Support point where Bitcoin moved into previous supports and an initial inner price action bounce has showed up indicating that the area between $19,500 and $20,500 can be a good point of support for a potential reversal. Once Bitcoin completed the PS Bitcoin moved into the final SC- Selling Climax point where the most selling pressure in the whole structure unloaded in the price action and Bitcoin reached the initial low of $17,700 from where the first bounce emerged. Now the AR- Automatic Rally was driven by investor's and trader's silver lining to see a fast and strong recovery in the whole cryptocurrency market and a relief rally because of faster Web3, Metaverse, and NFT adoption and developments, this rally has been partially fulfilled with some solid volume coming in to establish new highs that preceded the PS lows. Phase B: The second phase B has been the phase in which the market literally prepared on the FTX collapse that caused Bitcoin and Cryptocurrencies to dump sharply. The significant factor here is the 40- Moving Average of Bitcoin because the price action the whole time stayed below the 40-MA marked in blue in my chart this was the first important indication for Bitcoin to dump more sharply as Bitcoin did not managed to form new highs and indeed this was also a difficult time as the market also struggled because of the Luna, Celsius, and Voyager Digital crashes aftereffects. And then the final trigger for the massive dump and sharp decline to the downside has been the final FTX collapse with the information of misuse of customer funds in the FTX exchange the market reacted immediately on this news and Bitcoin as well as the whole Cryptocurrency price plummeted heavily to initiate the phase C in the Wyckoff accumulation dynamic. Phase C: This is the most determining phase in the whole Wyckoff accumulation dynamic to watch in my Bitcoin price chart because after the heavy FTX collapse the market managed to hold crucial support below the previous support level at the $15,500 zone and do not break below this level which was an important sign of strength within the market and Bitcoin showing that there is still potential for a reversal after the market crashes. while data showed that Bitcoin holders accumulate further Bitcoin and smart money market operator's open interest also increases in Bitcoin this caused the main stabilization in this area and Bitcoin initially rallied to test the previous support which is now still resistance at the $18,000 level. what is important in this phase C is also that right after the market crashed major volume moved into the market and caused the initial price rally, higher volume at such lower prices is always an central indicator of price stabilization. Upcoming Phases Phase D1: Now as Bitcoin initiated the final test of the spring which is the most determining part of the whole Wyckoff accumulation dynamic this is a phase where Bitcoin is finally in the end-stage of the decision phase and when Bitcoin managed to bounce in this test area again and show a solid support dynamic from where Bitcoin breaks out above the $18,200 level this will be the sign that Bitcoin has the abilities to continue further and finish the whole Wyckoff accumulation dynamic as it is appropriate. Also a really paramount factor, in this case, will be the fact that when Bitcoin bounces above the $18,200 level this will be a setup from where Bitcoin also bounced above the 40-MA marking a final reversal of the 40-MA as the resistance and confirming it as support. With this setup, Bitcoin will provide the final cornerstone of a further completion of the whole Wyckoff accumulation dynamic. Phase D2 and Phase E: As phase D is the phase in which Bitcoin shows the final completion of the whole accumulation the second stage of phase D is where the initiation process into a new volatility area is going to emerge. Once Bitcoin has finalized the test and the breakout above the $18,200 zone together with the 40-MA this will be the point where Bitcoin is likely to bounce above the $21,400 resistance and above this area forming an LPS- Last Point of Supply in which Bitcoin will have good chances to stay above the previous resistance and confirm it as support, also a goos factor, in this case, will be when Bitcoin increases the volume moving forward to offer a final bounce into the upper areas and showing an SOS- Sign of Strength in which the volatility, price action, and volume should bounce massively to complete the whole Wyckoff accumulation with the final breakout into the phase E and continuation of the established positive trend dynamics. Now as I described the underlying factors of the Bitcoin Wyckoff accumulation dynamics going on here we can already see that Bitcoin is moving into a really interesting and amazing decision phase in which Bitcoin will decide if the ability to convert into a massive expansion potential despite seemingly negative macroeconomic developments will unfold again as it happened several times in the past. What has to be mentioned is that this is not the first time Bitcoin is in such a market phase and it always turned out to be a silver lining as Bitcoin and the Cryptocurrency market always managed to come back stronger as established before and return to new heights. Especially as inflation is on a way to lower levels than established during 2022 and the FED looking to slow down more aggressive rate hikes this has good potential to be an additional positive factor contributing to the fact that Bitcoin completes the Wyckoff accumulation dynamic as it is projected. I am going to monitor the dynamic and see how the developments move in the further trading sessions. In this manner, thank you everybody for watching. Hopefully, everybody of you had a good start to the New Year of 2023 and in this manner let us move into the New Year together and celebrate a New Year also for Bitcoin and Cryptocurrency. The information provided is only educational and should not be used to take action in the markets.
by VincePrince
30
BITCOIN always rallied when these 3 indicators alignedThis is our last Bitcoin (BTCUSD) chart for 2022 and brings together the CN10Y (purple line), the U.S. Dollar Index (green trend-line) and the LTCBTC pair (orange trend-line). We've mentioned countless times in the past the importance of the DXY on Bitcoin and the strong effect that Litecoin (LTC) has as a leading indicator. Recently we've also made cases of the strong correlation of China's Bond Yields with BTC. This cross study brings together all three and compares their price action against BTC. As you see, since BTC's early days, every time the CN10Y made a V-shaped reversal and started to rebound breaking its Lower Highs trend-line, while the DXY started to fall after a rejection on its Higher Highs trend-line and the LTCBTC pair broke above its Falling Wedge, Bitcoin was in the early stages of a hyper aggressive rally. With the stock markets not at their best but having posted a 2 month recovery, while the cryptocurrency market's credibility viciously hammered by the FTX and LUNA collapses, will this strong 3 indicator emergence be enough to put Bitcoin back into long-term bullish territory? 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
6
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 has always started a rally when Dow did this.This is the Dow Jones Industrial Average Index (DJI) against Bitcoin (BTCUSD) illustrated by the black trend-line. Every since September and the touch of its 1M MA50 (blue trend-line), Dow has been rallying, having recovered more than 50% of the 2022 losses. With regards to Bitcoin, perhaps the most important development is that Dow is rebounding after its 2M RSI bounced off the Support that is holding for more than 10 years (since 2011). This level has always started BTC's strong rally within Dow's Secular Macro Bull Cycle (SMBC). At the same time the LMACD made a Bullish Cross shortly after. Right now the indicator is close to making the first Bullish Cross since October 2020. Is this time 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! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJI
by TradingShot
9
BITCOIN: Local Update, Next Formation to Point to Final Setup!Hello Community, Welcome to this Update-Analysis of Bitcoin on the local timeframe perspective of mine. Since my recent analysis of the local timeframe perspective of Bitcoin, the major inverse head-and-shoulder formation I mentioned has finally been completed and Bitcoin moved on to reach out to all projected target zones appropriately. To have a better view on the technical developments going on here I changed the timeframe from the 2-hour to the 4-hour timeframe perspective as the formation Bitcoin is forming here has extended. As when looking at my chart now we can watch there how Bitcoin since moving into the final inverse head-and-shoulder target zones has firstly pulled back below the ascending trendline again and is now forming an interesting decisive formation from where further determinations need to be awaited. Especially important in this case is the $16740 support marked in my chart in orange which is also the price equilibrium of the channel Bitcoin is forming in this area. The Price-Equilibrium-Channel marked in orange in my chart is the region from where Bitcoin will show up with the final breakout either in the upper or lower direction. Now it is essential to notice here that Bitcoin has still strong support confirmed by the 60-MA and as long as Bitcoin is holding above this support it is a base from where Bitcoin has a higher likelihood possibility to build upon and form a final bullish breakout as seen in my chart rather than breaking to the downside and confirming the MA as resistance. Therefore as long as Bitcoin remains above the support zone the possibility for a final breakout is 65% and if this scenario emerges Bitcoin will run into the $17600 resistance again, if Bitcoin manages to breakout above this resistance there are even more potentials activated. For now the final confirmation will point to the final scenario and once this happened further conclusions are going to arise. In this manner, thank you everybody for watching. Let's move forward together. The information provided is only educational and should not be used to take action in the markets.
by VincePrince
5