Get started

Bitcoinsignals

BITCOIN, Major BROADENING-WEDGE To APPOINT BREAKOUT!Hello, Welcome to this analysis about Bitcoin and the 4-hour timeframe perspective. In the recent times, important and crucial changes have occurred within the whole market and we can watch here institutional interest is increasing for Bitcoin, furthermore, there are countries such as Mexico looking to adopt Bitcoin as a legal tender, and institutions such as Micheal Saylor with MacroStrategy buying further Bitcoins. These factors indicate a continued increasing positive sentiment moving on for Bitcoin while adoption is still moving on. Nevertheless, it is also necessary to watch for the technical factors and see where Bitcoin is likely to heat within the upcoming times from a short-, middle-, as well as long-term-perspectives. In this case when watching on my chart we can see there that Bitcoin is building this main broadening-wedge-formation with the coherent wave-count within the formation almost already completed with the waves A to C and now as Bitcoin bounced within the lower boundary this is actually building the setup from where Bitcoin has the ability to build upon and continued to setup finally developing a breakout. Once the breakout happened above the upper boundary as marked in my chart this will be the setup from where Bitcoin has potentials to continue with and this will activate the target-zones within the $47,000 level marked in blue in my chart. Once this target-zone has been reached the situation needs to be elevated again and Bitcoin needs to show how it continues from there on and if a possible further formation can lead to a continuation, it will be an interesting development. In this manner, thank you for watching the analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
24
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
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
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
DECRED, MASSIVE Volatility, SILVER LINING To 100% POTENTIAL!Hello, Welcome to this analysis about Decred on the 2-day timeframe perspectives. In recent times the Cryptocurrency Market moved to the south and many Cryptocurrencies developed critical bearish movements. In such phases where the future of the marker looks increasingly uncertain, it is necessary to spot the Cryptocurrencies within the market that are showing up with potential. Therefore in this case there are the anticyclical movers that are developing important formations which can convert into worthwhile setups to move forward with. In this case, I detected that Decred has recently completed the main Descending-Triangle-Formation with a Massive Breakout above the upper boundary and increasing volatility above the boundary as it is seen in my chart. Now that Decred has shown up with such an extraordinary decisive move this completed the whole formation and Decred is setting up to continue in the breakout direction. Also, Decred has this main Ascending-Trend-Line which is a crucial support and also has broken out above the 50- Moving Average which is great support now. With all these factors Decred has a great setup to continue further with and reach out to the target zones as marked in my chart. When Decred also manages to continue with a new formation in this target zone there is the possibility given that Decred continues in the Bullish-Continuation-Zone marked in green, it will be an interesting development. In this manner, thank you for watching the analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
10
BTC New Entries + Exits (Best Reverse Strat Ever)The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately. All likes/comments and feedback are very much appreciated! How to play my chart: Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there. The same exact thing goes for resistance sell/break plays!
BITSTAMP:BTCUSD
by ExclusivelyFX
1
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, MASSIVE Channel, Possible FLAG-FORMATION!Hello, Welcome to this analysis about Bitcoin and the daily timeframe perspectives. In the recent times, important developments happened within the whole Bitcoin and Cryptocurrency Market Interface such as the Bitcoin Lightning Network is being implemented in several important entities, institutional interest in Bitcoin is growing and Elon Musk is looking to buy out all of Twitter which can have a crucial effect on the Bitcoin and Cryptocurrency Market as well. Taking these considerations into the conclusion it needs to be marked that these show a more Bullish Sentiment on a Middle-To-Long-Term-Basis however when considering the more Short-Term as well as the local perspective of Bitcoin it is necessary to also watch out for the technical factors and in this case I detected an important formational structure that can lead to a major decisive outcome for Bitcoin. Therefore I detected the important levels, formational structures, and upcoming determinations. When looking at my chart we can watch there how Bitcoin has moved on to form this major Ascending-Channel-Formation in which it several times bounced and continued with developing this Wave-Count within the formation with the waves A to D already completed. Now as Bitcoin approaches the lower boundary again this is likely to set up the wave E for this whole wave-count and when it moves into the upper boundary it will complete the whole Wave-Count and from there on show up with a pullback from where Bitcoin has a higher possibility to increase volatility again. In this case, it will be highly important how Bitcoin continues and especially when settling below the lower boundary of the whole formation this will complete the whole channel as a Bear-Flag-Formation and Bitcoin is likely to firstly increase Bearish Volatilites till the lower target zones have been reached which remain within the Descending-Trend-Line as marked in my chart. If Bitcoin manages to bounce in this area this can lead to a potential reversal however when this does not happen it will lead to a continuation if Bitcoin shows up with another such formation. In any case, it is necessary to not underestimate the bearish sights that can show up here and be prepared on potentially increased volatility, it will be a crucial development ahead. In this manner, thank you for watching the analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
29
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
ETHEREUM, This FORMATION Can Indicate A CRUCIAL CONTINUATION!Hello, Welcome to this analysis about Ethereum and the daily timeframe perspectives. Since the Cryptocurrency Market recently has shown up with determining increased bearish volatilities the whole market interface has altered and now it will be decisive on how the market moves on further as a whole and especially in which direction it will move on. Therefore Ethereum is an important symbol as it is the second-largest Cryptocurrency within the market and in this case, I detected the pivotal determinations we need to consider here. As when looking at my chart now we can watch there how Ethereum together with these recent bearish declines and the previous price-action has begun to form this major ascending-channel formation in which it has a coherent wave-count with the waves A to C already completed. Now as Ethereum moves on further with the wave D in the structure there is a high likelihood given that Ethereum approaches the main remaining support-cluster within the lower boundary marked in blue in the next times. From there on Ethereum will basically complete the whole wave-count with the wave E moving into the upper boundary again, if Ethereum then pulls back heavily from there on this will lead to continuations and the whole formation will be completed with a breakout below the lower boundary from where Ethereum will activate the lower target-zones showed in my chart, once these zones have been reached the situation needs to be elevated again and Ethereum needs to show in which direction it heads, it will be an important development. In this manner, thank you for watching the analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
7
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
Bitcoin update - #BTC Update Technical update Taking a step back and looking at the daily chart we can see that the ascending channel is being respected. Not only that but the 0.78 Fib has been acting as a strong support level. The $39k area is a confluenced support that is comprised of: - Point of control - Bottom of the channel - 0.78 Fib Three technical supports that have held strong. If we look closely at this chart we can see that the ichimoku cloud is thin and was prone to being pierced either way. The Bottom of the channel has been tested 6 times while the top has been tested 5 times, now this is not extremely pertinent because in an ascending channel the bottom has a head start. In any case one of these channel limits will break. Bull Scenario: The market WANTS to go UP! Yess it does, believe it or not , retails and institutionals both want it up right now, and that is at least to the top of the channel. However we will see resistance at fib 0.618 ($41500) and fib 0.5 which is confluencial with ichimoku resistance. Bear Scenario: If we do not manage to hold the point of control, we will be heading for $35k and the next possible supports that are noted on the chart. Trading at the extremities of a channel has it s risks and perks, the risk being that the return to the channel is fake and continuation may occur and the perk being the good RR ratio.
Long
by SublimeTraders
5
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
April 10th 2022: Bitcoin prediction $15,000. $38K next.Kuala Lumpur, Malaysia: Bitcoin will be the next move towards the $38K towards the $15,000 price prophecy. We have seen Bitcoin in a bull run and we enjoy the uptrend and sentiments hypes towards the $100K as many analyst bombarded with the demands towards 2 million left to mine. What we see in actually a reverse. What if anything we projected like the analyst told to be $100K is just another sentiment to create hype and it will never happen to make retails traders believe? Our team of crypto whales had a meeting. The actual plan is going to be reverse. We sell the gossip and buy the facts. World is now changing. Trading changing with times. The change is so fast. Nothing in trading is fixed. Our trading environment and style has been change before the pandemic. Now after the pandemic, it change significantly. In cryptocurrency, the system is important. We cant defeat the system. We should follow the system. On the other hand, people rushing and deposit the crypto while the reality is system inside the crypto is going to determine all of works. The system push down so hard in the mining sector. Thus, it makes others deposit become negligible. Next week people will convert their bitcoin into stable coins. We are in the pursuit to stable the crypto system and energy mechanic. In my webinar, I saw lots of people asking to me why the crypto in not like old days. Why the crypto is not hype back then like last year or 2021? They do not understand the system. They do not understand the environment. They do not understand the maximalist (right now silence as they planned something). What they know is deposit- at the end, the system goes down and the price went down. It makes retails trader baffled. I will make a webinar meeting session to explain this in 8 hours session to cover this topic and to reveal what is behind the agenda. Thanks!
Short
by Zezu_Zaza
Are Bears Playing With The Bulls Balls ??Weekly Time-frame Seems like we are respecting the Breakout Area or the demand zone we will see if we are able to hold this position we can expect more to the upside if this holds. We are currently in the High Volume Node in the VPVR which is a good Support. 1D Time-frame We are currently in the demand zone. which most probably will hold We are creating a Bullish Harami. Expect more to the upside for the day. 4H Time-frame Resistance is waiting at $42,911, $43,287, $43,926. We are making a double bottom and also the awesome oscillator is twin peaks bullish. RSI is also bullish, VPVR is Low Volume Node, Higher Volume Node in VPVR is waiting at $43,287. We will discuss more on the possibility on our Live. Stay tune and check with us! Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news Trade Scholar, the best cryptocurrency educational community online! Find the content above difficult to understand? Feeling lost about how to trade? Want to learn how to do your Own Price Prediction? We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together! Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Short
by Trade_Scholar
2
BITCOIN holding critical Support so far! Expect +55k if it holdsThis post is an update to the analysis I made 10 days ago: ** 1D MA200 rejection ** The main focus of that was the price breaking a 3 month consolidation pattern and the importance of the 1D MA200 (orange trend-line) as a Resistance. As you see that Resistance held and Bitcoin (BTCUSD) got rejected back to the 4H MA200 (red trend-line), which it tested yesterday, as the first line of Support on the short-term. This sequence is fairly similar to the start of the rally after Bitcoin's last bottom fractal in late July 2021 within the long-term Channel Up. On the current idea, I've added a few extra levels/ factors, which are important in their own way. Such as the Higher Highs trend-line of the bottom sequence, being a Resistance level on both fractals. ** The Support levels: 4H MA200, 1D MA500 and 0.236 Fib ** As mentioned, the 4H MA200 is the first from a series of Support levels. The 1D MA50 (blue trend-line) is following closely but a key set of levels are the 0.382 and 0.236 Fibonacci retracement levels. The 0.382 was a rejection point in July 31 2021 but this time it marginally broke before rejection. The 0.236 Fib though is roughly where the 1D MA50 is and in 2021 it held upon contact and delivered a strong rebound. ** The 0.618 Fib as the next Target ** The rebound was just above the 0.618 Fib, which is in our opinion the next medium-term Target (roughly above the $55000 mark). Notice also the 1D RSI sequence. The recent High was made roughly around that of the July rejection. If the indicator follows a Channel Down sequence from now on, it would largely confirm that the 2021 fractal is still in play. So what do you think will happen now? Will the Support Zone of the 4H MA200 - 0.236 band hold or this time we will see lower 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! --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSDLong
by TradingShot
51
BTC technical analysis 4/2/2022 *NOT FINANCIAL ADVICE*51.4K within 12 days? (4/14/2022) based off inflection point on trend line (arrow 1) I think it will happen by Monday IMO (3 days) this is based on previous symmetrical top (arrow 2) potential marker for near symmetrical retracement based on previous high in bearish cycle (assuming our retrace up looks similar) (arrow 3) My technical reasoning: -Ascending triangle was formed and a breakout was confirmed -Triple bottom formed within the ascending triangle (2 bullish charts is a good sign for me) -Momentum & Money Flow Index are in line with Stoch RSI potentially confirming the start of a larger trend. -MACD is on the cusp of a reset whales & Institutional buys are the brunt of this next inflow. I'm personally going long. Anti-Hedge
Long
by squirrelnutz
The Triangle Of Death (Bitcoin Event May 2022)We have been here before , August 2019 to be exact. Traded the same type of triangle down to a 7k Bitcoin at the time. Take a look below (First TA so rough around the edges ,also ignore the x50 it was a different time lol) Just like 2019 I think there is more a chance that we come down than up. Fib Circle 2.36 Fib Time Zone 2.618 Last week of may 2022 we will most likely break this triangle down to the 200 weekly. 200 Weekly Prices Today - 21000 May 25th -22400 July 23rd -24100 Price can of course wick down lower than the 200 weekly it has historically but we have never closed a weekly under it , take a look below . The last Chainlink fib sequence will come into play , May 23rd 2022 , using LINK/BTC dominance chart I discovered this Fib time sequence that has caused massive moves in LINK and BTC so next and last date May 23rd 2022. So last two death cross on the 3D chart has resulted in Bitcoin moving down to the 200 weekly Predicted cross 19th of May . And finally on average it takes Bitcoin 400 days to go from cycle peak to 200 weekly, which end of may would be 400days. (segment taken from previous TA ,) The top in April 2022 was the true cycle top the one that followed after was just pure manipulation , that run to 70k was just a trap , with only half of the Bitcoin address active for that run , price still managed to get to all time high and like clockwork the 7-10 year old wallets come in again and sell a massive amount of Bitcoin creating yet another Bitcoin top. So yeah that run was created by the few ,there was no hype , no retail just whales. Take a look at the link below of on-chain data. ibb.co So everything all of sudden is coming together for end of may 2022. 1. End of the Fib circle 2.36 2.End of Chainlink sequence May 23rd 2022 3.200/50 Death Cross 3D predicted cross 4.Average of 400 days from Cycle Peak to 200 weekly Its so crazy seeing everything lining up , Buckle up!
INDEX:BTCUSDShort
by Sporia
1
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
Euphoria BlindnessWouldn't it be amazing if there was an indicator out there that would pint point Bitcoin cycle tops. Does such indicator even exist? Well what you see in the chart is in fact the best indicator ever created and everyone is quickly to forget what the Pi cycle indicator was telling you three days before the cycle top. Now I know what your thinking November 2021 technically went higher than April 2021. April 14th 2021 - 64900 November 10th 2021- 69185 (segment taken from previous TA) The top in April 2022 was the true cycle top the one that followed after was just pure manipulation , that run to 70k was just a trap , with only half of the Bitcoin address active for that run , price still managed to get to all time high and like clockwork the 7-10 year old wallets come in again and sell a massive amount of Bitcoin creating yet another Bitcoin top. So yeah that run was created by the few ,there was no hype , no retail just whales. Take a look at the link below of on-chain data. ibb.co My theory on why April was the true cycle top and not November. Indicator Overview The Pi Cycle Top Indicator has historically been effective in picking out the timing of market cycle highs to within 3 days. It uses the 111 day moving average (111DMA) and a newly created multiple of the 350 day moving average, the 350DMA x 2. Note: The multiple is of the price values of the 350DMA not the number of days. For the past three market cycles, when the 111DMA moves up and crosses the 350DMA x 2 we see that it coincides with the price of Bitcoin peaking. It is also interesting to note that 350 / 111 is 3.153, which is very close to Pi = 3.142. In fact, it is the closest we can get to Pi when dividing 350 by another whole number. www.lookintobitcoin.com So this indicator predicts cycle tops three days before its peak and guess what we had a cross April 12th 2021 and we peaked three days later on on April 14th 2021 (counting 12 as a day) the Pi cycle crossed marking a Bitcoin cycle top. At the time the euphoria in the market was so powerful that it blinded everyone from what this indicator was telling you. It was the first time since the last cycle top and cross that everyone used this indicator and I remember countless of traders calling out the Pi cycle indicator for failing. Its incredible how blind euphoria and greed can make you, we had the signal right there in front of us with just a simple cross and yet most of the market disregarded it. This is the most powerful cycle top indicator ever created and when the next cross comes and euphoria is all time high , will you sell ? or will you disregard it?
INDEX:BTCUSD
by Sporia
7