BITCOIN The 3D cheat-sheet approaching a major Bull break-out!This is an analysis of Bitcoin (BTCUSD) on the alternative but highly informative 3D time-frame where we can claim that its cyclical behavior is most accurately displayed. As always, the MA50 is shown with the blue trend-line, while the MA200 with the orange trend-line).
** Bear Cycles & the Death Cross **
First let's start with the Bear Cycles. As you see, when the 3D MA50 crosses below the 3D MA200 and forms the popular Death Cross pattern, the market tends to give the last warning of a huge sell-off. On all Cycles, that was the last drop before the Cycle forms its market bottom.
** Accumulation and MA50 break-out **
Then on a Higher Lows trend-line as Support and the MA50 as Resistance, the market enters its Accumulation Phase (blue Triangle pattern), until the MA50 breaks and it officially starts rising on the new Bull Cycle. At the moment, with the MA50 at 25500 and declining rapidly, BTC is at the closest it has been to it since May 04. On top of that, the 3D RSI just broke above its Bear Cycle Lower Highs trend-line, just like it did on January 04 2019.
** Parabolic Rally above the MA200 **
So what now? Well if the price breaks above the MA50, chances are that Bitcoin will start rising (not necessarily as aggressively as in April - June 2019, which was based on outside factors as well), assuming that the macro-economic conditions don't get worse. Then, a new break above the 3D MA200 will most likely place BTC on the infamous Parabolic Rally course of the Bull Cycle. Notice how in the previous two Cycles, when the price broke above the MA200 and the Golden Cross was formed (MA50 crossing over MA200), the price used the MA200 as the Support of the Parabolic Rally (excluding of course the COVID crash in March 2020, which is a once in a life-time event).
So what do you think about those 3D patterns and conditions? Does it offer a comprehensive road-map of this new Cycle and if yes, are you expecting a strong rally when the MA50 breaks? 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!
--------------------------------------------------------------------------------------------------------
Bitcoinsignals
Macro environment winning?Descending wedge still intact , nothing to fear for now.
This is the pattern that decides everything that I have been working on since June 2022 , this pattern breaks to the downside my thesis on where we are in the Bitcoin cycle is invalided.
I'm sure it won't , we have bullish divergence on the 4hour and descending wedge intact.
We also have this very interesting trendline to follow , things are getting interesting!
Bitcoin- Will it break above 22k resistance?After the false break under 19500 support, Bitcoin has reversed strongly and has gained 10% in just one day.
Now the price is consolidating just under 22k resistance and a break above is probable.
The structure is bullish as long as the price stays above 20.400-20.800 zone support and dips towards this zone should be bought.
Next target for bulls is 25k zone resistance
BITCOIN Testing the most important long-term Resistance levels!Bitcoin (BTCUSD) is currently on a strong +17% four day rally, the strongest since July 29. By doing so, it is about to test the important short-term Resistance of 22000, formed off the August 24 High. There is however a trend-line and cluster of critical Resistance levels on the long-term as well that the price is about to hit, and outweigh by far the short-term technicals.
** The ATH trend-line and Bullish - Bearish extremes **
That is the Lower Highs trend-line that started on the November 10 2021 All Time High (ATH). Basically this is the Lower Highs trend-line of the Channel Down pattern (log scale) that has been dominating the price action for most of the past 10 months. As you see on this 1D chart, the price has broken outside of this Channel Down twice these past 10 months. Once on March 22 where it made a Bullish Extreme but still was contained below the 1.382 Fibonacci extension and once on June 18 where it made a Bearish extreme but still was contained above the -0.382 Fibonacci extension.
** The 1D MA100 **
The last time BTC attempted a break above the ATH trend-line was on the August 15 High where it wasn't just rejected on the top of the Channel Down but also on the 1D MA100 (green trend-line). Excluding the Bullish Extreme, the price has been trading below the 1D MA100 since December 03 2021 with three clear rejections on it. At the moment, the 1D MA100 is trading exactly on the ATH trend-line and has been doing so since the August 15 rejection. It is obvious that at the moment, this is the most important Resistance Zone that BTC is facing.
A break and close above it though doesn't 'guarantee' the end of the long-term Bearish Trend as that took place when it broke on March 22 but was still rejected on the 1.382 Fib ext. As you realize, only a break above the 1.382 Fib turns the odd in favor of a long-term Bullish reversal and can sustain a rally invalidating bearish bias of March 29 - April 05. On a different occasion, the 10 month Channel Down will continue to dictate the trend.
But what do you think is going to happen? Will a close above the ATH line and the 1D MA100 accumulate enough buyers to finally push above the 1.382 tolerance level and into a new Bull rally or we will get again rejected and stay within the long-term Channel Down? 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!
--------------------------------------------------------------------------------------------------------
BITCOIN The Double Bottom effect on Cycles. Huge rally starting?Bitcoin (BTCUSD) made a Low two days ago and today we are seeing a strong rebound on the biggest 1D candle (so far) since July 27. Based on the Cyclical Double-Bottom Effect, we can argue that this low is a hit on the Double Bottom zone of the June 18 market Bottom. What is that effect? Well it appears to be not just a Theory but a pragmatic phenomenon that has been seen on every Cycle bottom on Bitcoin's past three Cycles.
On this 1D chart, you can see the current Cycle on top of the previous ones for a more effective illustration of the Double-Bottom effect. The range of the Double-Bottom is the green zone. Cycle 1 is displayed with the black trend-line making the 2011 Double Bottom, Cycle 2 with the blue trend-line making the 2015 Double Bottom and Cycle 3 in the orange trend-line making the 2019 Double Bottom.
As it is shown, the Double Bottoms are fairly structured in the same way on each of the past Cycles and straight after each one was formed, a strong rally followed. The past cycles have been adapted in order to fit the Green Range, which is formulated by the current Cycle. Still, the bullish trend following each Double Bottom is obvious. This study isn't designed to show the time-length, but rather the bullish move that follows.
You can view each Double Bottom plotted on top of each other, with the current Cycle being the green trend-line, in the chart below:
So what do you think? Has the market double bottomed and if so, based on the above, are we about to witness a strong multi-month rally as the new Bull Cycle is starting? 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!
--------------------------------------------------------------------------------------------------------
Bitcoin- Was the recent break a false one? Will it rise to 25k?Since the recent high at 25k and the break under the rising wedge, Bitcoin has fallen, but the drop is in steps, with tight lows, and is drawing a falling wedge.
All this for me suggests no selling power at this moment and bullish accumulation on levels.
The recent drop under 19500 support can very well be a false one and a break back above would confirm this outlook and give scope to continuation to at least 22k.
In the longer term, the price can even rise to 25k and swing traders can have a 1:4 R: R on their trades considering a stop loss under the recent low.
Bitcoin analysis and signalHey dear traders!
A trade signal for Bitcoin , in short term.
I will let you know the opening and closing times of my Trade.
in case of canceling this setup, I will quickly inform you in the comments.
---------------------------------------------------------
Bitcoin . BTCUSD
Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
BTC Long! - Support Needs to Hold for Double BottomBYBIT:BTCUSDT
BTC looking like printing possible Double Bottom. $17,600 needs to hold though.
Possible fake out to $16,400 for aggressive reversal.
However, if it's a Bearish Retest of $17,600 downside targets I am looking at are $16,400, $12,000, $10,000 "zones". Have a trading plan so that you can react and wait for entries at areas of value for quality trades.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
There is nothing else to say .There is nothing else to say .
We keep on doing the same things as last cycles , nothing has changed.
As i type this TA Bitcoin is hovering over the last golden ratio band just like last cycle after capitulation. This is by far the most boring part of the Bitcoin cycle , it seems like nothing is happening for so long but don't be fooled for a second because coming first week of October 2022 we will start the rally and Chainlink will lead.
Here are a few important TAs this year.
The most important one of all this year
The entire market is calling for a Bitcoin crash and a stock market crash , everyone is calling lower , everyone is expecting lower and what is most likely to happen regardless of all the "marco environment" news , war news , energy prices news , inflation news ,
is a rally to the upside....
or is everyone going to be right , is it going to be that easy playing the market and it crashes 50% and everyone wins?
Just think about it for a second what does every previous stock market crash have in common? Its simple , nobody expected it , your telling me that the entire market is a expecting lower prices and for once the market is going to be rational and go down with the herd?
Reality will set in for most when Bitcoin breaks 30k this year.
BITCOIN extends its bearish trend. Our options on the short-termBitcoin (BTCUSD) had yet another strong 4H red candle, consistent to the past two hard selling sequences since the August 15 High. Today's post is an extension to the short-term analysis we made a few days back.
** The selling patterns **
As mentioned, the time-frame here is the 4H (4hours). As you see, since the price broke above the former Triangle, it failed to stay above the 4H MA50 (blue trend-line) and eventually yesterday made that strong 4H sell-off. The common characteristic with the previous two selling patterns that were within the Triangle, is that it did so when the price broke above the Higher Lows trend-line (bold dotted lines) that was supporting until then.
** Fibonacci targets **
The target yesterday was once again the 1.618 Fibonacci extension as with the previous two sequences. If a new Higher Lows trend-line emerges, then in line with the previous sequences, we should be expecting an upwards consolidation that could reach the 1.236 Fib.
** The former Lower Highs trend-line supporting **
What's really interesting is that since BTC broke above the former Triangle, its Lower Highs trend-line has been tested twice (including yesterday) and held. Can that turn into a Support and provide a new trend? Well this is the short-term and we have to keep looking into it and the every-day changes on indicators continuously. If that former Lower Highs line breaks, expect another flash crash, this time to test the ultimate Support level of the 1W MA300 (yellow trend-line).
** Neutral zone, Break-out Buy and a very consistent RSI **
We consider the range within the 4H MA50 and the 4H MA100 (green trend-line) as neutral space, thus a 'no-trade zone'. On the other hand, consider buying if the price closes above the MA100 and target the 4H MA200 (orange trend-line).
Among the fuss, just check how well-structured the 4H RSI has been, with a clear Higher Lows line providing a solid buy entry and a Resistance providing a sell.
So do you think Bitcoin is up for yet another Higher Lows consolidation until it breaks downwards again or an MA100 break will save the day? 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!
--------------------------------------------------------------------------------------------------------
Bitcoin- Dive after overnight spike up?Like EurUsd, Gold, and other assets, Bitcoin also had an overnight spike. However, this was anemic and very short-lived and after rising above the 20k zone we find Btc trading again at the 19700 zone at the time of writing.
As I said in my yesterday's analysis, I expect a break of 19500 support and a dive to the support given by the previous low.
Negation of this outlook comes with a daily close above 20.500 resistance.
BITCOIN Bullish Cross on MACD similar to the 2018/19 bottomBitcoin (BTCUSD) is about to form a Bullish Cross on the MACD (1D time-frame) as it trades below both the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line). The last time it did a similar formation on those levels while Bitcoin was recovering from a market low was on February 07 2019, during the December 2018 - March 2019 Cycle Bottom formation.
What followed was an instant price rebound which around 10 days it broke above both the 1D MA50 and 1D MA100 and a little after 2 weeks it tested the Bottom Fractal's Resistance. Once BTC broke above that Resistance it instantly broke above the 1D MA200 (orange trend-line) also and the Q2 2019 rally, the first of the previous Bull Cycle was already well underway.
At the moment it appears that we are exactly on that kick-start point, supported on the 12° angle Higher Lows trend-line, with the Supertrend indicator flashing red. Do you think that this emerging MACD Bullish Cross, can repeat the post February 2019 sequence? 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!
--------------------------------------------------------------------------------------------------------
Bitcoin needs to decideThere are 8 days now with Bitcoin trading in a tight range of around 5% so the main cryptocurrency should decide its future direction sooner rather than later.
At this moment the levels of support and resistance are very clear at 19500 and 20500 respectively.
A break to the upside would expose the 22500 resistance and a break under 19500 would expose the recent low under 18k.
In my personal opinion, there is a higher probability of a down break with both strong USD and weak indices not being in a favor of an up move.
Making a million - stage 2!To make sure the project has order, it would be wise to dedicate a page for each stage of the project. Stage 2 is now in action: trading within a range of 600-1,500 USD. Accordingly, I will provide my TA on this page with entry and exit points until I move to the next stage. Let's start!
Making a million - swing trading and scalping!The goal of the project is to make 1,000,000 USD from 320 USD on futures. Using trading strategies the project will show mechanisms and nuances of the real intraday and medium-term trading in maximising opportunities and making profit. Place your bets, gentlemen! )
Foreword
I received an email from one of my exchange accounts, which frankly speaking I have completely forgotten about, that 320 USD in commission has been credited to my account by my broker. I have not worked with this broker for a long time due to personal preferences, however, I decided not to withdraw such an insignificant amount and instead turn it into a million dollars by trading it on futures.
What is my incentive?
I made my fortune a long time ago in stocks and forex. When trading futures, I used 1:20 leverage and a hefty deposit, which offered a moderate risk. The incentive in this case for me is to make a million dollars using 1:100 leverage and a small deposit. The risk in this instance is much greater and the amount is less - this is my interest! I also continue to trade my main assets in my other accounts using a similar strategy, but with minimal risk and trading long term.
Trading strategy
My trading style is swing trading. However, in the accumulation and distribution phases I will resort to scalping using 15M. My forecast of price movement is based on various patterns and analysis of trend, candles, volumes, figures and divergences. I confirm my entry and exit points using signals from numerous indicators and oscillators.
The probability of an making error, however, may still be present. Whatever one may say - it is still a market with a degree of uncertainty! Therefore, a careful risk management policy will prevail.
Trading criteria
Leverage =1:100
Stop Out = 50.00%
Main instrument = BTC / USD.
Alternative secondary instruments: Forex, Metals, Oil , Indices,
Timeframes = 15M - 1D
Project management
Technical analyses (TA) will be published under the heading "Making a million". In my TA, I will publish strategies with entry and exit points and keep records of Profit & Loss (PNL). Weekly statement of my balance - will be provided on this page on Sundays. If you are interested in keeping up with the progress, then consider adding this page to your favorites!
The plan for deposit's growth is divided into 15 stages:
1. 320 - 600 USD
2. 600 - 1,500 USD
3. 1,500 - 3,000 USD
4. 3,000 - 6,000 USD
5. 6,000 - 10,000 USD
6. 10,000 - 15,000 USD
7. 15,000 - 25,000 USD
8. 25,000 - 41,000 USD
9. 41,000 - 65,000 USD
10. 65,000 - 100,000 USD
11. 100,000 - 150,000 USD
12. 150,000 - 250,000 USD
13. 250,000 - 400,000 USD
14. 400,000 - 600,000 USD
15. 600,000 USD - 1,000,000 USD
Goal's achievement
I cannot predict how long exactly it is going to take to achieve my goal as a lot will depend on the dynamics and volatility of the market for the selected instruments. To get to a successful outcome, balanced decisions with minimal risks would need to be made. Therefore, there is no reason to rush.
Your participation in the project
I invite you to take part in this project in terms of observers or users! It should be quite an educative rally. It would be good to get your feedback including ideas and comments about "Making a million" project. I am in favour of running a forum format in which you can discuss mutual topics adhering to professional etiquette.
Please note
By providing my technical analysis in my articles, I do not encourage anyone to trade according to my strategies, because risk management and leverage are individual in every single case. Please be aware!
A kind request
Please do not publish any charts or technical analysis on this specific page. This page was created solely for the purpose of the project' presentation and its weekly reporting.
Contacts
I will much appreciate if you do send any PMs! I'm a trader, not an oracle. In my individual articles, however, I will be glad to receive your comments and support! Please be constructive when making your argument to keep it more productive for everyone.
My official content - is on this site!
Profitable trades to you and good luck in trading!
Though I am not aware, it is possible that someone else has already done or is doing a similar project. In any instance, it does not matter. I am doing a personal project the way I see fit and that's the beauty of it!
Start of trading: 10 May 2022 ‐ insignificant trading
Deposit amount: 319.94 USD
An idea for the project: 17 July 2022
______________
3 August 2022 = 968.50 USD (start date of online project and active trading)
BITCOIN Broke above the Triangle. Short-term set-ups to considerBitcoin (BTCUSD) broke above the August Triangle but still got rejected on the 4H MA50 (blue trend-line). This leaves us, on the short-term at least, inside neutral ground and it would be best to consider the following break-out set-ups for short-term trading.
Even in the event of a break above the 4H MA50, we still have to consider the important Resistance of the 4H MA100 (green trend-line), which rejected the price on August 18 and practically caused the first important sell-off since June. As a result, we consider the space between the 4H MA50 and the 4H MA100 as a no-trade zone. A break above the 4H MA100, would be a bullish break-out signal, targeting the 4H MA200 (orange trend-line).
On the other hand, a break below the Lower Lows trend-line of the former Triangle, would be a bearish break-out signal targeting the -0.5 Fibonacci extension.
Notice how so far the former Lower Highs of the Triangle stopped the September 02 sell candle and turned the price action sideways on a Higher Lows trend-line (black dots) similar to August 20 - 26. At the same time, the 4H RSI has been supported on Higher Lows but rejected on a horizontal Resistance, forming an Ascending Triangle.
Which short-term set-up do you think is more likely to prevail? 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!
--------------------------------------------------------------------------------------------------------
DeGRAM | BITCOIN short Bitcoin formed a box after sell off.
Notice how price action is moving: extension, pause, and extension.
We expect further bearish move and break the box then retest the main support
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!