Bitcoin has rallied over 10K points from the 52K break out level that I wrote about in my previous article and refuses to deliver a meaningful pullback. In situations like this, you must not give in the the hype and fear of missing out. I see talk of 100K, etc. and all the video titles popping up on my feeds. What you should be focused on is how to best...
This chart compares the Bitcoin chart to the St Louis Fred. A very different view of what Bitcoin could do next if this neckline breaks. Will be watching these fib extension levels overhead and add more cycles as I see fit.
Bitcoin (BTCUSD) is closing the monthly (1M) candle today and to the surprise of most, it is near the November 2021 All Time High (ATH). In fact it is exactly at the level where the ATH monthly candle (Nov 2021) made its closing. As a result if the month of February closes today above it, we will have a new ATH monthly closing!
** The importance of the monthly...
Bitcoin technical analysis update (Weekly Chart)
Bitcoin's weekly RSI falling from the last 2 years, In December 2020 weekly RSI touched 95 overbought levels, at the time BTC was trading at $42000 after that RSI started falling.
In the above chart, you can see Bitcoin 2 year-long Weekly RSI breakout above its trend resistance line, this is a good bullish sign for...
Hello There!
Welcome to my new analysis of BITCOIN in the daily timeframe perspective. The current bull run is still holding on and BITCOIN does not back off and is printing one hew high after the other. This uptrend is backed by real events that support the bullish case such as the Bitcoin ETFs release which is the preliminary fundament of new and fresh volume...
Bitcoin (BTCUSD) is on the 3rd straight month that the 1M candle has touched the top of the Bollinger Bands (BB). At the same time the Bollinger Bands Width (BBW) is on the rise while the 1M MACD is well past its Bullish Cross.
When all those three catalysts took place together in the past, BTC has extended the rally on top of the BB, which is something we...
Bitcoin continues to find support around the 50,500 area. This is particularly important for intraday strategies. The consolidation that Bitcoin is within is still part of what looks like a Wave 4 configuration. This wave can expand to 48K and even lower and still maintain the integrity of the broader bullish impulse structure. The idea here is to look for trade...
This is the only way.
TV wants me to say something more, I can´t, because this is the way!
gosh, TV ruin the chart, so,
Green = % change change
Red = days/bars change change
remember, the only way.
Pi cycle indicator has shown a bottom signal in July month, that’s the third time in the history of bitcoin.
This indicator accurately predicted the 2015 and 2018 bitcoin bottom.
If this indicator works for the third time then we are at the bottom of the bitcoin bear cycle.
Thanks
Hexa
Bitcoin (BTCUSD) made last week a closing that is going under the radar by the market. The closing of the last 1W candle was made above the 0.786 Fibonacci retracement level from the November 2021 All Time High (ATH). But why is that of such a significant value? Because every time in BTC's history it closed a 1W candle above the 0.786 Fib of the ATH, the price...
Bitcoin has pushed the 50K resistance area and peaked in the 52Ks. The recent bearish pin bar has signaled a swing trade short which is not following through (no surprise there). Over the coming week it is within reason to see a retest of the 48K area support. This is the price location where a high probability swing trade long setup can appear and where I am...
BUY/LONG ZONE (GREEN): $35550 - $49240
DO NOT TRADE/DNT ZONE (WHITE): $30320 - $35550
No sell/short zone shown.
The market has a clear bullish sentiment and I would not look to enter shorts here. I've drawn the levels and zones (from the daily and weekly frames) that I would look towards when entering. Price reaction to these areas would be significant in...
Bitcoin is very near golden crosses of its 50/200 MA (dotted lines) and EMA (solid). It is also just below resistance.
If it is going to get a re-test near wedge top, where it broke out (green wedge), or near the 50 MA or EMA, it'll happen soon.
It could just run to ~26 and ~30k, get those golden crosses, get above resistance and head towards double-top...
Bitcoin (BTCUSD) has been trading within a long-term Channel Up pattern since the November 21 2022 market bottom. The price broke today above the psychological level of $50000 and is about to touch that very top (Higher Highs trend-line) of the Channel Up.
As the 1D RSI broke above its 4-month Lower Highs trend-line and is largely overbought near 80.00, this...
Bitcoin is now pushing into the 50K AREA resistance zone while presenting a potential momentum continuation pattern (inside bar). A break of the inside bar high can lead to a test of 50K and possibly higher. The zone between 50 and 51K (blue rectangle on chart) is a high probability bearish reversal zone which means unattractive place for new longs, especially for...
- What you can see if you remove Bars and replace them by Lines ?
- Congratulation, you just removed the noise in the chart.
- Everything is in graph.
- Covid19 Black Swan included.
- Not a price prediction.🤷♂️.
Happy Tr4Ding !
On today's post we are basically upgrading our previous analysis (see chart below) with the addition of actual circle shapes on Bitcoin's (BTCUSD) Cycles and pies on their phases:
As you can see this reveals a groundbreaking illustration of the historic Cycles. We don't want to get you in the technical details of the trend, you can find everything by clicking...
Suggesting a large continuation of the current up trend
I expect the market to perform well in the coming months/year with Bitcoin possibly going over 100K.
Very bullish from me.
