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Btcsignals

BITCOIN Is it repeating the late 2019 formation?Bitcoin's price action since the May sell-off has drawn many comparisons to blow-off tops of its cyclical Bear Cycles. However as the consolidation since the May 19 low continues, it displays more and more similarities with the late 2019 price action, which was a mini bear phase following the very aggressive rise of April/ May/ June 2019 that was based to a big extend on the 'Libra mania'. ** Similarities with 2019 ** On the 1D time-frame the two sequences (today and late 2019) have one key similarity that stands out. The price was 'squeezed' within the 1D MA50 (blue trend-line) and the 1W MA50 (bold red trend-line) following a 1D Death Cross (when the 1D MA50 crosses below the 1D MA200). The second is that both started trading below a Lower Highs trend-line of a -13o angle. Right now the 1W MA50 is supporting, almost the same way it did in October 2019, and even though it marginally broke in November - December (2019), it was what initiated a strong rebound to the 0.618 Fibonacci retracement. ** The RSI bullish divergence ** The support of the 1W MA50 is key as it is being achieved despite Bitcoin being on Lower Lows (LL) while the 1D RSI is on Higher Lows (HL). This is a Bullish Divergence and was also seen both during October and late Nov - early Dec 2019. This divergence was enough to start the rebound to the 0.618 Fibonacci retracement level. ** Fundamentals took over ** It can be argued that if it wasn't for the 'once in a decade' event of the March 2020 COVID crash, Bitcoin would have extended the rebound past the 0.618 Fib, essentially fully completing the recovery. We can't know that for sure but such an abnormal event should be classified as an anomaly and be taken into consideration as such. We can argue that the May 2021 sell-off wasn't just a technical correction of the very aggressive October 2020 - April 2021 parabolic rise but was also fueled by very negative fundamentals (Tesla, China-miners etc). Have all the negative fundamentals priced in already? We can't know for sure but if they have, the Bullish Divergence on the 1D RSI definitely shows something. What do you think? Is this MA50 squeeze about to kick-start a rebound to the 0.618 Fib and if yes has the market digested all the negative fundamentals so that, as opposed to the COVID crash, it can resume the long-term Bull Trend? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Ether2020 --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSD
by TradingShot
54
BTCUSD: Quick analysis Fib channel and Elliot wave showing our corrective zones for completion of short term correction, 8h chart showing the levels to be watching if no eq break up from a current completed C , BTC still showing she is still yet to complete the end of wave C before further upside, I will go into more detail at a later date , for now playing scalp trades inside the current channel is worth while taking entry notes via stoch rsi , macd , and KC band confluence until we either break up out of EQ into a wave 1 or wave B of primary ss count meaning 1 more corrective leg , we are coming close to the end of a wave, as far as technicals , BTC is looking pretty maxed out on most TF'S not to say full may enter the tank at anytime, but from a technical stand point, a tight scalp stop under and above current wicks playing os/ob conditions or patently awaiting a breakout or breakdown into ranges of technical interest .
BITFINEX:BTCUSDLong
by Contrarianeyeview
BTC could turn bullish again, but the price needs to breach $35KCryptocurrency market is still under the regulation’s pressure. BTC has been moving inside a range between 30-41K USD since 19th of May. 5 weeks without any clear trend - this is a serious psychological challenge for the beginners on the financial market, especially for new crypto-traders, who came for the quickly results. But this is a common situation for the professional traders, for those who have been trading many years. Professional knows that after long consolidations always comes a huge movement. And all you need is to be prepared for this moment. BTC now down around 50% from its April peak. And the main question for crypto community is «So, is it the bottom or not?». Without any doubts, crypto bulls are here, support areal $31’000 per BTC had been worked 5 times already. However, the price didn’t breach the resistance area at $41’000, so the signal of the potential uptrend moving didn’t exist yet. What is the main reason for the crypto market weakness? In my opinion, this is a Chinese crypto ban. But this weakness could be the benefits in the future. Why? Let me explain. The People’s Bank of China has intensified its crackdown on crypto. Government sad that “virtual currency trading activities disrupt the normal economic and financial orders, breed the risks of illegal cross-border transfer of assets, money laundering and other illegal and criminal activities, and seriously infringe the people’s property safety. China focuses on CBDC. But why? The question is - if the PBoC is such against the traditional crypto, why they create its own digital currency? The answer in the one word is «CONTROL». Chinese CBDC, cyber yuan, will stands to give Beijing power to track spending in real time, plus money that isn’t linked to the dollar-dominated global financial system. China plans to be the world’s most advanced blockchain technology by 2025. But it means the centralization and control increasing. The country is currently rolling out its CBDC, promoting them through lotteries across the country - $6.2 million digital yuan is raffled for Beijing residents in the lottery. China has also added digital yuan support to over 3,000 ATMs across Beijing. And several banks in China already offering cash exchange services for the digital yuan. Chinese ban for miners - is it a smart decision? The regional Chinese government in Sichuan announced it would shutting down more than two dozen suspected cryptocurrency-mining operations in the hydroelectricity-rich region. Bitcoin mining facilities in other parts of China received orders to cease operations. Yunnan province, Xinjiang, Inner Mongolia, and Qinghai have also ordered crypto mining operations to shut down amid investigations into the alleged illegal use of power for bitcoin mining activities. The move has also seen China prohibit financial institutions from using crypto services. China was a crypto-mining capital of the world. But that time is over. In the aftermath of the mining ban in Sichuan, which shut down over 90% of the country’s crypto mining, Chinese miners are moving their operations to other, more crypto-friendly nations like the US, Kazakhstan, Canada, and Russia. Mining becomes a geopolitical decision concerning monetary policy and the wealth of nations. Does this affect users? Large-scale bans in bitcoin mining in China have seen the decline in mining hash rate reaching the 2019 levels. Bitcoin’s hash rate was on an uptrend in 2021, hitting 198M TH/s on May 15. It has since dropped to nearly 58.46M TH/s for Jun 27 2021. Bitcoin Network Hash Rate is at a current level of 58.46M, down from 88.19M yesterday and down from 115.23M one year ago. This is a change of -33.71% from yesterday and -49.27% from one year ago. Most Chinese Bitcoin pools like AntPool and F2Pool have witnessed a drop of more than 50% in their hash rate. Miners shut down are temporary. However, a drop in the hash rate means chances of landing on the correct hash to earn Bitcoin are very low. In addition to miners from China trying to shift shop offshore as soon as possible, Bitcoin has an inbuilt safeguard that will push hash rates level back up with time. The largest infrastructure displacement in modern history is taking place - roughly 45% of the bitcoin mining industry is relocating countries and continents. What is a prospect for BTC? The psychological $30K support level has held strong as Bitcoin prices rise back into their range-bound channel. Currently, the price is trying to breach the first resistance level at $35K per BTC. After a potential breakout of the current resistance, the next target will be $41K per BTC. However, as long as the pressure of regulators on the market persists, all we should be prepared for a potential decline to the level of $20K. Disclaimer: All investment strategies and investments involve the risk of loss. Nothing contained in this article should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as a recommendation or as a guarantee of any specific outcome or profit. If you like this article and want to get more, please, share it on your social media. Thanks for your support! Olga Prokhorova Chief Educational Officer VRM trade
COINBASE:BTCUSD
by VRMtrade
2
BTCUSD: Support and resistance Zones for long bias aside shortHolding K.C Band on the 8h chart, for btc to test upper targets we first must break marked resistance blocks for any continuation to the upside, we can wait for a break out of block 1 for a scalp , block 2 for a better R.R intra D swing, a break below current support without a wick up back into cahnnel may spell a further retracement into the 25-22k range before upside movements on a larger scale. , we may have completed our corrective cycle on a macro level around these price points, simply put you can play this a few ways, wait for a break out of res, Long a high r.r from upper support block with a tight stop or dca ladder under prev wick low, or again wait for break down confirmation into a short swing towards 25-22k long blocks., never oveer trade, always plan and remember to look left ;)
COINBASE:BTCUSDLong
by Contrarianeyeview
Bitcoin Roadmap (Version 2) This is an updated version of my previous TA "Bitcoin roadmap" which I will include below. Using the Total Crypto Market Cap (excluding Bitcoin ) chart I have found a potential market cycle top later in 2022 which I go over briefly in "Bitcoin Roadmap" about having a lot of Fibonacci Time Zone dates around that time. Have a look below at this TA how I came up with that conclusion. So if Bitcoin breaks Momentum Shift 1 before reaching Momentum Shift 2 price trajectory will peak in January 2022 but if Bitcoin takes longer to break, Momentum Shift 2 trajectory is April 2022. The orange dotted line across the chart with the blue drop is showing where the top Fibonacci Log regression would be. So we all know that last cycle Bitcoin peaked and then 28days later alt coin market peaked , well looking into this cycle so far exactly the same thing has happened, Bitcoin peaked at 65k and exactly 28days later the alt coin market peaked , incredible how it played out the same way. Cycle Peak Zone 1 Fibonacci Time Zone = 10th January 2022 Fibonacci level 0.5 Fibonacci log growth 150000 Cycle Peak Zone 2 This date is now based on the idea that total crypto market cap will peak around that date , also on top of the Fibonacci Log regression and on 0.618 Fib. Bitcoin Roadmap Version 1
INDEX:BTCUSD
by Sporia
7
BITCOIN Short-term Megaphone patternBTC has been too volatile lately as despite making Higher Highs, it dropped back to Lower Lows and again. The pattern that has those characteristics is the Megaphone (Higher Highs and Lower Lows). Eventually this pattern will break as especially on Bitcoin, I have only found one other time ever that it traded within a Megaphone for a period of at least 1 month. But as long as it holds, it can offer us a few interesting formations. First of following the Lower Low on June 22 and the subsequent rebound, the price is currently pulling-back again, dropping below the 1H MA100 (green trend-line). Every time Bitcoin was below the 1H MA100 (while trading within the Megaphone), that was a bearish sign, except for June 12 when it was an interim bottom that lead to the Higher High. That alone shows weakness and should be considered as a bearish sign. However the RSI has hit today the bottom of the Megaphone's Support Zone (the same low was made on June 08). That day despite hitting that RSI low, Bitcoin went for one last dip for the Lower Low and then rebounded. So do we have one last low to make before the bullish wave for the Higher High? A safer trade could be once the price breaks the symmetrical Lower Highs trend-line (the red line on the chart that was formerly part of a Channel Down). Which way do you think BTCUSD will break to? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> StockSwinger --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSD
by TradingShot
34
Bitcoin Roadmap (Market Bottom)This TA is zooming into a section of my previous TA "Bitcoin Roadmap" which I will include below. Looking at yesterday's price action we can see that price reacted off the 0.382 fib fan pretty aggressively , even though we had a good bounce I still think there is more downside. The 0.5 Fib will act as major resistance and has been since June 19 , yes we did break it June 13 but I wouldn't count that as an organic movement since it was clearly a set up for massive short positions on the market. If we fail to break 35000 and get rejected of the 0.5 fan fib then there is high probability that we come down to 0.5 fib retracement and this is where you load up long term for bitcoin , this golden box is where I believe the market will bottom for this bullrun. I have also included a potential micro date for a shift in momentum using Fib Time zone and that date is July 17. I have been getting a lot of messages asking about leveraged positions if price comes down to this area and I would say not yet, best to just accumulate in this area , when looking at long term leveraged positions you have to calculate funding rate vs price increase overtime ,is it worth paying those funding rate fees when momentum is so low not really. If bitcoin does break the 0.5 Fan fib to the upside before reaching the golden box this analysis is invalidated , this could take 20-30 days to play out.
COINBASE:BTCUSD
by Sporia
5
Bitcoin next 54000hiii everyone hope you are all doing good . i am expecting bitcoin to hit 52-54k within next month. if we check on monthly chart we are at 50% fib correction so i am expecting price to close above 50% which is above 34250$ and if it does it is good support to hit back 50k area but incase we closed below 50% we would likely to touch 618% area at 27128$ or go for 786% area which is 17k as stop loss hunting before hitting back ATH 100K levels that is according to monthly chart but if we check on 8h we are in bull dominated area and lot of orders are accumulating in these areas even if we check on previous we are at same level so we would see 47500 again before falling and if we manage to break and close above it next zone is 54k .
OANDA:BTCUSDLong
by FxSniper_
3
BITCOIN Will this move be a historic first?This is BTC on the 1W time-frame in order to get all of its historic price action on one chart as I'll be looking at each Cycle on a Fib approach. As you see each time Bitcoin made a Bull Cycle Top (red arrow) the subsequent Bear Cycle that followed never reached as low as the Previous Cycle Top (ATH) or even the 0.618 Fibonacci retracement (blue line) from the time the rise (on the previous Bull Cycle) turned parabolic. As parabolic I define the time it started rising aggressively following the last major pull-bac below the (at the time) ATH. I see a growing sentiment in the crypto community that calls for a low at 20k or below. Even though that would represent an excellent long-tern buy opportunity as it would put BTCUSD again inside the long-term logarithmic Growth Curve (the dashed lines zone consisting of the lows and highs during Bear Cycles), it would mark the first time that Bitcoin will make a Bear Cucle Bottom by hitting the 0.618 Fib and the Previous ATH. What do you think? Are we ahead of a historic first for Bitcoin or $65000 wasn't this Bull Cycle's Top? Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> pablito1986z --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
91
Bitcoin: to buy or not to buy? This is the question.In our last article, we analyzed the prospects of BTC and wrote that in long-term movement, expectations are almost bullish. This week Bitcoin is on the rise again, pushing over the $40,000 mark for the first time since late May. The latest news is mostly positive for crypto: + BTC adopted as national currency (by El Salvador). A world first! + Elon Musk has changed his mind. 😊 And maybe Tesla will accept BTC again. + Institutional players are loyal to cryptocurrency. Microstrategy plans to have 5% of its portfolio in BTC. - Indonesia’s central bank will prohibit the use of cryptocurrencies as a payment tool. So, let’s deep dive into the crypto market news and charts analysis. BTC and El Salvador: is it an honor to be a legal tender of a country in anarchy? El Salvador became the first country to make bitcoin a legal tender alongside the dollar. El Salvador’s government also announced a plan to use volcanic thermal energy for BTC mining. Sounds surreal, but it’s true. The Crypto community is excited about this news! Google searches for “El Salvador” reached an all-time high (ATH) following the announcement. Nayib Bukele stated that the government would give citizenship to individuals who invest bitcoin in the country’s economy. To be honest, I doubt There will be a large number of applicants. El Salvador isn’t a rich country. For comparison, BTC capitalisation is 20 times more than the GDP of El Salvador (in 2020 GDP it was 24.61 billion US dollars). The criminal situation in the country is dangerous. El Salvador’s homicide rate is among the world’s highest. Gangs exercise territorial control over specific neighborhoods and extort residents throughout the country. Approximately 60,000 gang members operate in at least 247 of the country’s 262 municipalities, according to media sources. In conclusion, I think it's hard to call the news of BTC adoption in such a country as El Salvador, 100% positive. It’s a milestone, but the question remains whether the designation of bitcoin as legal tender by a country with high-level corruption and criminality has mechanical implications for its treatment in much larger economies under tax law, banking and financial regulations, and other areas. What about crypto adoption in other countries? The president of Tanzania Samia Suluhu Hassan told the East African nation’s financial chiefs to prepare for the wider adoption of cryptocurrency around the world while in the US, the Texas Department of Banking issued a notice last week confirming that state-chartered banks could hold Bitcoin. But it doesn’t mean that all governments have started to be more friendly toward cryptocurrencies. Indonesia’s central bank will prohibit the use of cryptocurrencies as a payment tool. But, at the same time, the country is preparing to launch the CBDC. Elon Musk and his Twitter tweets. Yes, again. The main source for the latest push in BTC is Elon Musk (sometimes I call him “Chief of the Crypto Central bank”. Jokingly, of course.) But Elon’s impact on the crypto-community is huge! 

The Tesla boss suggested that Tesla could start using the digital currency as payment once more if 50% of the energy for its mining would be ‘green’. Seems like the idea with El Salvador’s volcanoes has at least one follower, a quite important one.And that just a month after ruling it out, because of the allegedly unsustainable energy usage involved in mining. After the previous announcement, BTC’s price jumped. Then, when Musk tweeted that bitcoin wouldn’t be accepted and Tesla cited environmental concerns, the price dropped significantly. Another strange thing: Elon Musk sent his previous important tweets about BTC payments and the energy usage involved in mining on the 13th of May and then his new announcement exactly 1 month later - on the 13th of June. Looks like a content strategy. We’re waiting for July. Institutional players are loyal to cryptocurrency. In our last article, we showed that short-term investors had sold off their BTC holdings during the recent crash. But some long-term holders have since doubled down. Such is the case with MicroStrategy. In an official statement on Monday, MicroStrategy disclosed that it has completed the sales of secured notes due in 2028, raising approximately $488 million, all of which the business intelligence company will use to acquire more Bitcoin. The company further plans to allocate another $1 billion in the primary cryptocurrency after a new stock offering. If it’s not clear from all the complicated words, this is the workflow: 1. Raise the capital (sell the stocks). 2. Buy BTC. Simple and brilliant idea! If you’re an IT giant. However, just as a reminder, self-trading on borrowing or debt is a dangerous strategy. The same as walking through the night-time streets of El Salvador, flaunting your new Rolex. Institutional investors were keen on the MicroStrategy offer. The company reportedly received more than $1.5 billion in orders, while its shares surged by over 15% following the announcement. This suggests investors are still bullish on the future of Bitcoin despite the recent market correction. What about the BTC price? At the moment of writing, Bitcoin is at $39,271, recovering and breaking out of its recent trading range, having collapsed from a record peak of almost $65,000 in April. If we have a look at the smaller time frame, we can see that the price is still inside the range. However, after potentially breaching the nearest resistant level at $40-41,000 per BTC, the next target will be at $50,000
 Disclaimer: All investment strategies and investments involve the risk of loss. Nothing contained in this article should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as a recommendation or as a guarantee of any specific outcome or profit. If you like this article and want to get more, please, share it on your social media. Thanks for your support! Olga Prokhorova
Chief Educational Officer VRM trade
COINBASE:BTCUSD
by VRMtrade
Bitcoin at initial stages of Bull Market. As suggested in my previous analysis that Bitcoin will bounce off 34 K zone as it was falling at 0.5 of Fibonacci level and it exactly bounced off the same point. By completing that bounce, things started to look Bullish for Bitcoin. Going by the chart, next major stop for Bitcoin will be at 45K zone at wave 3. However this should take more than a week to reach to that point. The figures on the chart are just estimates, however Bitcoin should move around those figures. Coming weeks will validate these numbers. Overall I am positive on upcoming Bull Market If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks. Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Long
by Manjyot
5
BITCOIN What to look for on the emerging 1D Death CrossYesterday update was on the short-term, as the opportunity inside the Channel Down on the 1H time-frame was too good to ignore: Right now though my focus shifts again on the longer-term dynamics as the Death Cross, an important MA formation, enters the center stage. A Death Cross (when the MA50 crosses below the MA200) is approaching on the 1D time-frame. By definition it is technically a bearish formation as the short-term MA (50) crosses below the long-term MA (200) confirming a trend change from (previously) bullish to (currently) bearish. ** Death Cross on every Bear Cycle ** As you see on the charts above, this has been a distinct characteristic of all of the previous Bear Cycles (2018, 2014, 2011). Even the mini correction during 2019. The only time a 1D Death Cross didn't deliver a Lower Low was in March 2020 on a once in a 100 years event: BTC crashed along with global stock markets as countries declared emergency ahead of the COVID pandemic. However the trillion USD rescue packages managed to reverse the sentiment and lift BTC instantly. ** Death Cross misses ** There have been a few near misses where the 1D MA50 (blue trend-line) reversed right before it touched the 1D MA200 (orange trend-line). That was in October 2020, September 2016, August 2013 and April 2011. The peculiarity of those Death Cross misses, was that the 0.618 Fibonacci retracement level (from the lowest point before the pending cross) was recovered (exception 2016 where the 0.618 was failed to be recover by a very low margin $646 against a $633 high). ** In need of an unrealistic (?) rally ** Currently the 0.618 Fibonacci rectracement level is at $48000 and it appears that even that won't be enough to make BTC avoid the upcoming 1D Death Cross as it would need a monthly closing (June) above $54000 (and of course the same goes for July, August onwards) to marginally avoid it. There are 21 days left on June so that would require an average daily rise of more than $850. Under the current news set-up this seems unrealistic, even though Bitcoin did rise from $3200 to $58300 in 20 days (from February 01, 2021 to February 21, 2021). So since the current 1D Death Cross seems unavoidable, history suggests that a Lower Low is comming either in the greater framework of a Bear Cycle (2018, 2014, 2011) or the mini Bear of 2019. If not, then some really earth shattering postivie news should emerge in order to deliver a March 2020 like recovery after the 1D Death Cross. Are the El Salvador or ETF approval news enough? What do you think? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> crypto-strong --------------------------------------------------------------------------------------------------------
INDEX:BTCUSD
by TradingShot
54