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Bitcoin historical analysis - part 4 2023On the 14th of November 2022 Things are a bit more complicated, the fed is trying to draw money out of the system, and we have had a lot of big companies be taken down through fraud thanks to SBF and his criminals. We have identified the downwards trendline - 2 of them to take note of And the priced has retraced below the 0.768 level The RSI has had a technical breakout And on this date, we had clear bullish divergence . with this and the previous analysis, i suspect that we have had a bottom local bottom of 15 500 before we have some upside. Note that I expect us to come and retest this trendline level ta some point
BNC:BLXLong
by DiscosCryptos
Bitcoin very soon back to 200 MA - $24,500This chart shows the following: Yellow vertical lines - Bitcoin mining reward Halving dates Purple dotted vertical lines - Weekly RSI minimums Blue boxes - shows length of time between halving and next macro bottom Yellow text - number of days for blue box - (time between halving and next macro bottom) As can be seen, Bitcoin has never spent this long at the bottom of a bear market. Bitcoin is very overdue a retrace to the 200 MA - which is currently around $24,500. Bitcoin did actually bottom on the 13th of June, but recently has had a black swan 'fakeout' bottom due to the FUD news event surrounding FTX. As soon as investors realise that FTX is not Bitcoin, we will very likely see a rapid retrace to $24,500. Then it will be obvious that Bitcoin has bottomed. On average - Bitcoin tends to retrace about 250% before the next halving. That would put bitcoin at around $50,000 by May 2024. Enjoy this chart and share ! Thank me later.
BNC:BLXLong
by The_Mummy
1
BTCUSD weekly (04/01/2023)Happy New Year to all traders! I have been waiting for a while and accumulating for these purchase points in Bitcoin, here I leave you a new comparative analysis of the weekly BLX on a logarithmic scale together with the Bitcoin Logarithmic Curves and the Rainbow Price Chart. On this occasion, the purchase points with the highest historical profitability in BTC have been analyzed with various indicators: - 200MA hold or brief break - PA on a macro scale with very high pressure points -RSI touching the lower bands (all of them as minimums of the previous cycles) -BLGC the logarithmic curves in minima - BRPC maximum sales accumulation points In my opinion, I think we are facing the best buying opportunities, perhaps with the best point at 15k or around a few days ago. I am sure that the true BTC and Blockchain maximalists are taking action in these areas. A strong greeting and I wish you a wonderful year! ---------------------------- ¡Feliz año nuevo a todos los traders! Llevo tiempo esperando y acumulando para estos puntos de compra en Bitcoin, aquí les dejo un nuevo análisis comparativo del BLX semanal en escala logarítmica junto con las Curvas Logarítmicas de Bitcoin y el Rainbow Price Chart. En esta ocasión, Se han analizado los puntos de compra con mayor rentabilidad histórica en BTC con diversos indicadores: - 200MA espera o breve descanso - PA en escala macro con puntos de presión muy altos -RSI tocando las bandas inferiores (todos ellos como mínimos de los ciclos anteriores) -BLGC las curvas logarítmicas en mínimos -Puntos máximos de acumulación de ventas BRPC En mi opinión, creo que estamos ante las mejores oportunidades de compra, quizás con el mejor punto en 15k o hace unos días. Estoy seguro de que los verdaderos maximalistas de BTC y Blockchain están tomando medidas en estas áreas. Un fuerte saludo y les deseo un maravilloso año!
BNC:BLXLong
by AVNGL01
BTC : When can you be profitable with Bitcoin again?When can you be profitable with Bitcoin again? I'll tell you what, without many words, just look at the chart. It gives simple signals when to act. 2-3 trades per year, that's all you need. Calm sleep, nice life. When will the next time come when you should buy Bitcoin again? The answer is up there on the chart. This simple but mega-powerful idea was presented to you by ReallyMe. Don't forget where you read it first. Take care & good luck.
BNC:BLX
by ReallyMe
12
Bitcoin TA 2022 - Yearly Candle Pattern-LifeCycle Of Bitcoin.Hello everyone, hope you all are doing good. As I saw many people focusing on Yearly Candle patterns of Bitcoin, so I thought to make a Bitcoin Analysis and Observe it in a bigger perspective. This Bitcoin Analysis is not a financial advice, cryptocurrency market is highly volatile and highly risky, so please do research before trading. It's a New Year season, so I Wish everyone a Happy new year-2023 to you all. Please don't feel bad about me on my current Bitcoin Analysis, since chart speaks everything, am sorry to say but Bitcoin looks bad as of now, the trend is breaking down, If the current year candle-2022 closes above 29k than we are safe and can expect the continuation of trend in upside direction. No means it's a point of concern for every one of us. I also explained everything in the chart, please check it in detail. Thank you, and please like and share my idea/comment if you have any questions.
BNC:BLX
by nmchary
1
Dollar Index vs Bitcoin.Dollar Index ( #DXY ) vs #BTC . Is it true that "DXY up, BTC down. BTC up, DXY down"?. 1. According to the data, when DXY ( orange line) breaks out and starts to go up, BTC will begin to enter its bear market. But if you look carefully, there is something interesting. 2. After DXY undergoes its uptrend for a while, it starts to lose its momentum and enters a sideway mode. This is where BTC has bottomed out and start to make some uptrend/rebound move. 2.1 After sideways, and DXY starts to become bearish and that is when BTC does a parabolic move up. **3. The interesting part in these cycles is that during the sideway movement of DXY , when DXY goes up, it does not mean that BTC will go down. It could be clearly seen that BTC can also go up when DXY goes up. Summary 1. Is it true that "DXY up, BTC down. BTC up, DXY down"? Yes, "but" that is not always the case. 2. So when does BTC move in the same direction as DXY? When DXY loses its uptrend momentum. 3.When does BTC going parabolic again? When DXY enters downtrend.
BNC:BLX
by GolfZaTrader
Bitcoin TA from 2010 to 2022 - According to Elliott Wave theory.Bitcoin in Dec-2017 made its ATH 19k~ and for the first time Bitcoin has entered in the same zone. If we look back from 2010 to now-2022, since it entered in a zone of previous ATH never before, so if we apply Elliott Wave theory to Bitcoin, the current capitulation looks like ABC correction in a larger time frame. (The time frame of this ABC correction is just my thoughts, may prolong or may shorten). since there is no negligible rsi formed, so ignored the first bitcoin cycle. Right now, we are at the end of (12345)-of-wave-A of total ABC correction I made two probabilities, it's just my personal thoughts not financial advice. 1.based on Elliott Wave theory. 2.based on Momentum/Trend based (looking back past history and predict future). For time being am publishing 1, the 2nd one i will publish later. a) 12345 of wave-A of total ABC correction- Bitcoin may end up the wave-A at roughly 13700 or 11500. ( i took based on the volume and the downward trend line) b) abc of wave-B of total ABC correction - Bitcoin may end up the wave-B at max 50k. (i took this number where bitcoin can go maximum up). c) 12345 of wave-C of total ABC correction- Bitcoin may end up the wave-C may be from 4000 to 5000. (i took this number based on maximum volume traded and generally according to Elliott Wave theory, after a 5 wave impulse is done, ABC correction usually end up in the area of wave 4 low.)
BNC:BLX
by nmchary
5
History & Halving of Bitcoin from 2009 to 2022● October 31, 2008, Nakamoto Satoshi, known as the developer of Bitcoin, published a paper called Bitcoin: P2P Electronic Money System on the Internet. ● January 3, 2009, the first open-source Bitcoin client was created. Satoshi Nakamoto obtained 50 BTC through the first mining. This is commonly referred to as the Genesis Block ● May 22, 2010, Rogramer Laszlo Hanyetz delivered two pizzas of Papa Jones and paid for them in 10,000 bitcoins ● August 22, 2010, Bitcoin's first and last technical error occurred ● April 18, 2011, Namecoin, the world's first altcoin, appeared. ● September 27, 2012, the Bitcoin Foundation was formed. ● December 6, 2012, the first Bitcoin exchange in Europe obtained a banking license. ● October 29, 2013, the first Bitcoin ATM was installed in Vancouver, Canada. ● Vitalik Buterin Ethereum was first founded in 2014 ● February 26, 2014, Mount Gox (www.mtgox.com), the second largest Bitcoin exchange, was closed. ● January 6, 2015, Europe's third-largest bitstamp on the Bitcoin exchange revealed that its wallet had been stolen through hacking. ● December 2017, $19764 achieves a new reporting point ● In November 2018, a bill banning Chinese cryptocurrency mining and exchanges was issued ● It has been about 487 days since February 21, 2018, when $11,000 was reached on June 22, 2019. ● Bitcoin was designated as the world's first legal currency in El Salvador on June 9, 2021. ● April 14, 2021 achieved the highest point in Bitcoin history of 68944$ ● February 24, 2022: Ukraine's Russian War breaks out ● May 2022 Luna and FTX incident occurred
BNC:BLXEducation
by WhaleGO_BTC
16
Bitcoin in a Falling Wedge?Falling wedges can break either direction & are notorious both for faking out market participants AND for the speed at which the ultimate move goes. Should this pattern fill out a bit more so that it's crystal clear that it's a FW, here are the break out targets visualized. For breaks to the upside: ~$30,000 (macro resistance) ~$25,000 (highest high in the pattern) For breaks to the downside: ~$9,750 (1.618 extension of move) ~$5,250 (measured move) Armed with these targets, you should be able to begin formulating a plan. Again, markets tend to move VERY quickly once a breakout occurs. I often liken it so someone yelling FIRE in a crowded theater & everyone rushing for the exits at once. Those sidelined & off sides will react swiftly to close their positions (both manually or with stops). Margin cascades will occur fast and fierce. As is often the case during bear markets, LIMIT YOUR MARGIN USAGE!
BNC:BLX
by Crypt0Jack