On today's Bitcoin (BTCUSD) study, we plot the historic Cycles on top one another, classifying them into different phases. This is an alternative but very useful way at looking in BTC's historic cyclical action as it offers a sound perspective regarding our current place on the Cyclical Scale. As you can see, the 2011 - 2013 Cycle is displayed in blue, the 2014 -...
BTCUSD is neutral both on the 1W (RSI = 53.284, MACD = 507.200, ADX = 28.424)) and 1M (RSI = 49.845, MACD = 467.000, ADX = 18.857) timeframes, an encouraging outlook as it is recovering ground from the 2022 Bear Cycle. This is a chart illustrates quite accurately the Cycles of Bitcoin, transitioning from Bear to Bull and vice versa. Right now we are in the retest...
Comparing Alligator cross-over... 1.🔴 2.⚪️ 3.🔵 4.🟢... ...dear BTC and Crypto Nation👀 Will call out loud for you when next 3.🔵 occurs🚨🚨 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 is for educational purposes only and is my...
BTC looks like it will be a good short in the next few weeks we are watching to analyze. I am shorting and selling some BTC for this position. Swing trade for TP: $21,000 for what I am looking to take profits at.
Bitcoin / BTCUSD is testing the Falling Resistance from its All Time High. The historic cycles show that when this Resistance level breaks, it is never retested. Symmetrically wise, as shown on the 1day RSI also, we are now on that prolonged Resistance test which will decide the trend. In 2016 it broke but in 2019 it failed but that Cycle started more...
Bitcoin has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The currency is moving within a rectangle formation between support at 25971 and resistance at 30488 . Pivot Price: 27687 Resistance prices: 29051 & 29452 & 29807 Support prices: 26967 & 25971& 25303
As we delve into the analysis of Bitcoin's price, it's essential to consider the key elements that influence its trajectory. From the recent price movements, it becomes evident that Bitcoin has been following a distinct pattern. Initially, we observed a consistent upward movement, aligning with a long-term ascending trendline. However, this momentum was...
Bitcoin (BTCUSD) is having a strong break-out day on the 1D time-frames and below but this is only on the short-term. Still it is a step in the right direction on the long-term after trading sideways in the last 6 months within the 1W MA50 (Support) and 1W MA100 (Resistance). ** Cycle Peaks and angles ** Today's study brings you the a multi-cycle depiction on...
I make these for myself and I am sharing this as-is to show how you can use alignment, geometry, price/time to capture price action with trends and pivots from intersections. I know how to read it because I built it but I hope this is proves valid confluence for others. The simple way to look at it is to follow the price , and see if it respects the trends ...
Bitcoin (BTCUSD) failed again to break above the 1W MA200 (orange trend-line), closing instead the 1W candle in red and is pulling back. Today's study is on the 1W time-frame and compares BTC's price action through the whole year to the U.S. Dollar's (DXY). You would expect a correlation between the two but as you can see on these charts, it has gotten...
Bitcoin has spiked back into the high 26K resistance. While this is a minor resistance, price can go EITHER way from here. So how to navigate the risk around this highly random situation? The first decision you must make is: are you conservative or aggressive? This will shape how you interpret the price action that COMES NEXT. Having a rules based system helps...
Bitcoin (BTCUSD) broke yesterday above the 4H MA200 (orange trend-line) for the first time since August 09. This was a critical Resistance as it made the emphatic August 29 rejection in the Greyscale aftermath. With the 4H MA50's (blue trend-line) support, the price has now started to test the Resistance levels one by one with the first being the Lower Highs 1...
An idea for BTCUSD Within an up channel however i think this will fall towards a previous point of support Diagonal lines show similar fractals however the first one being within the channel. Resistance turning into support in both situations.
Lower highs often lead to lower lows. If 25K is cleared on Bitcoin, 22K becomes the next relevant support area. Situations like this can be very confusing, but in this article I will explain the mental framework I utilize to effectively shape expectations and manage risk when facing technical conflicts. First we must ALWAYS accept the fact that markets are MOSTLY...
Bitcoin / BTCUSD has been consolidating since the Greyscale pump. The pre pump Support is still holding and the Fibonacci retracement levels offer a strong sense of the Resistance levels. The 1hour RSI displays the same Bullish Divergence on a Rising Support as the pre Greyscale pump. Buy when the price crosses over the 1hour MA200 and target 28000. Follow...
Hi everyone, Let's show some positive news! The trend shows us that we probably started a new BULLISH Trend : We get an amazing GOLDEN CROSS that appeared very recently... Each time we get this Golden Cross, we has started a great bullish trend and for sure, ALTCOINS will follow (after a little delay). Anyway, I'm waiting to see a very hard and fast...
Bitcoin (BTCUSD) is rebounding after hitting the 1M MA50 (blue trend-line) for the first time since the June 12 1W candle, which provided a rise. Technically on the 1W time-frame, the trend has been neutral basically with the 1W MA50 (blue trend-line) supporting and the 1W MA100 (green trend-line) as the Resistance, having the July 10 rejection. In fact, the 1W...
Traders, A few posts ago, you will see that (2) two gaps were being focused on. The question was posed about which might be filled first. Many of my followers understand that my bias was to the upside gap being filled first. Thanks to the Blackrock ETF approval, this has occurred. And, as I stated in my video yesterday, I have unloaded 50% of ALL my positions...