Following the news that Silvergate Capital Corp suspended its crypto payments network and expressed doubts over the viability of its business, Bitcoin and most other crypto currencies crash to trade significantly lower. Before the news, Bitcoin was trading slightly above the 23,400 price level with market expectations that the price could reach 25,000. However,...
There has been tons of talk about Bitcoin's (BTCUSD) similarity of the current bottom reversal with the 2019 one. A lot of comparisons have been made, we've started doing that since November, but the time has come that BTC either confirms or dismisses the 2019 fractal. As you see on the left chart (2023) the consolidation within the Bullish Megaphone that Bitcoin...
Many have been focusing in the past days at the inability of Bitcoin (BTCUSD) to close above the 1W MA50 (blue trend-line). Surely that is essential for maintaining the pace of the January - February rally and as we've analyzed recently, it draws comparisons with the past Cycles where they were testing their own 1W MA50. ** Resistance/ Support levels based on...
ETH continues to consolidate within the local uptrend. This accumulation is clearly aimed at a retest of the resistance area of the descending channel. The local support trendline indicates that the price is in the long zone. The triangle, the upper boundary of which coincides with the channel resistance, indicates consolidation. Earlier on the daily chart,...
As we left February behind, few realize that there is only 1 year left for Bitcoin (BTCUSD) before the next Halving (no4) as it will experience this supply shock event in March 2024! This 1W time-frame, is a simple illustration of why it is still a good idea to start Dollar Cost Averaging (DCA). ** Similarities with past Cycles. 1W MA50 test ** We see a lot of...
This is a unique analysis of Bitcoin displayed on a grid pattern made of the Fibonacci retracement levels (black trend-lines) applied from the top of the previous Bull Cycle to the bottom of the Bear Cycle and the Fibonacci extension levels (blue trend-lines) applied on the Lower Lows and Lower Highs of the Bear Cycle. Using the Symmetrical Pivots as the new...
D1 - Price respected a strong resistance zone and is bouncing lower. Bearish divergence. Price still has room lower towards the key support zone. H1 - Bearish trend pattern. Currently it looks like a correction is happening. Until the two strong resistance zones hold my short term view remains bearish here.
On this chart, Bitcoin (BTCUSD) is shown on the 1W time-frame using the Fear & Greed Indicator (F&GI). A month ago it broke above 50, which is the neutral level between Fear and Greed. Since then it has stabilized sideways around 55 as the market is split with some being greedy for further rise while others waiting for a good pull-back to enter. Historically...
Bitcoin swing trade long signal in play from the 23,250 level. If bullish momentum follows through, a higher high can follow with a test of the 26 to 28K AREA over the coming week. This move has prompted me to call for a risk adjustment on the short trade that I shared privately from the 24,150 level. At this point, that trade is now RISK FREE if you adjust the...
Bitcoin Price Prediction For Tomorrow, Next Week and Next Month As you can see for few weeks Bitcoin was very low volatile and it seems like bitcoin stock at 25000$ to 24000$ But as we mention we are not in a bull and still hoping for bitcoin to get crash as soon as possible, we Deducted a Pattern which is called Bullish Shark pattern The shark pattern which is...
As Bitcoin (BTCUSD) has taken a short-term paus on its early 2023 rally on the 1W MA50 (red trend-line), following the first Golden Cross on the 1D time-frame since May 2020, we naturally go back to the start of the previous Bull Cycle in 2019 to see how it behaved on this important stress test. ** The 2019 Bull Cycle ** As you see, BTC also took a sideways...
It was an interesting start of the new week as traders gathered round in mass and tried to break support. The dip that should have been bought has passed and now we can only buy in higher. But fear not, this is only the beginning of the new run, the lows are in and we can enjoy months of up only. Macro doesn't matter in these times as greed will only fuel the...
Be like the sea. Bitcoin is finding its feet once more. Bear pressure is lifting. The Chinese are buying. Compare the past and predict inverse price action. Median line illustrated. 33,333 magnet.
Hello,Traders! BITCOIN grew super fast In the last 24 hours and The coin is overbought So as it is retesting The horizontal resistance A bearish correction Seems to be inevitable Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Looking a the past bear markets we can make an educated guess as to when this current bear market might end, when the accumulation phase will start and when we might see another recovery, (and maybe even a bull run in the far horizon). Historically the same happened in the previous bear market, (not shown in the chart), but I will use the last 2 for illustration....
Bitcoin frost zone❄️& heat zone🌞scenario Look at the great Entry🌞and Exit❄️points for a BTC bullish run in past heat zones🌞 And now... next cross ahead⁉️🚨 Give me a ♥️ if you ♥️ Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared...
Why don't we see the Pitchfork tool applied to Bitcoin (BTCUSD)? We show on today's analysis that this often very overlooked technical tool has been particularly spot on at identifying BTC's Bull Runs. It is a simple application and we will keep the commentary that way. As you see on this 1W time-frame, we have applied the Pitchfork from Bitcoin's first Low to...
We have done similar studies before, aligning past Bitcoin (BTCUSD) Cycles to get a projection of the current one. We have used Halvings, Peaks, Bottoms etc but this is the first time that we don't just use everything into one mega analysis, but also incorporate the Fibonacci retracement and extension levels that show not only the Buy Zones put also the peak...