Bitcoin rejects the 50K resistance area and goes from 49K to 41,500 over a two day period. If you have been following my analysis on here you should NOT be surprised. I have been highlighting the extreme risks above 46K in my articles AND my streams since the beginning of the month. Is this an adequate pullback to buy into? I will address that now. The first...
Mid-Cycle Top? So far we are repeating 2019 Scenario Same RSI overbought level🔻 Same rejection off the Major Resistance🔻 All I think we need to see a correction for 💰 $BTC. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and...
Hi. Bearish divergence is playing out☑️ Now we need to break below the cluster of 50 MA + Dashed S/R Trendline 📉 ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
Correction wave 'ABC' Running flat start from 2023 Dec 23 to 2024 Jan 24. it took a month if my count is right, we are now face with new phase of Impulse wave 3th unless it breaks $40,750 in my opinon this is golden time to buy and the next target will be $55k
I have been yelling to whoever will listen and I think we have a big drop in store. Of course nobody is perfect but I have had a gut feeling about most the major turns on record and I'm getting the same now. I suck at a lot of things but I called the Feb top 2020 a day before the drop, called for a huge drop in Feb 2022, called for the December 2022 bottom, I...
Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009. Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any...
Bitcoin has entered an interesting zone here on my chart. Lets see if BTC has a bounce here off upsloping resistance and 200 ma on 55m. Right here , right now where the red line meets the yellow. Speculative at best. Not financial advice. Never trade real coin ;)
It has been 14 months (November 14 2022) since we published our first (and to this date most important) Bitcoin (BTCUSD) Cycle comparison between 2022/ 2023 and 2014/ 2015: www.tradingview.com As you can see the main driver behind this comparison was the FTX crash in November 2022 and the Bitfinex crash in August 2015, which both acted as catalysts for the...
Bitcoin remains at the highs at the beginning of 2024, so we assume that more upside can be seen as recovery is acting like an impulse. As such, be aware of further gains within a five-wave cycle, where we are tracking higher degree wave III up to around 48k - 50k area. Looking at the 4-hour chart, we can see some sell-off after Matrixport’s latest report claims...
We have another BTC correlated stock in a descending triangle breakout. A back test of the triangle is underway and my feeling is that it could run if bitcoin holds steady or goes sideways. We are showing oversold conditions with oscillators swinging momentum to the upside. According to the company itself it "ranks in the top tier of global mining operations,...
Bitcoin is crashing after the BTC ETF launched on Nasdaq - iShares (ticker IBIT on TradingView). This is not looking good; the crash looks really strong on the 1-minute chart. Everyone bought into the ETF News, and now the whales are taking advantage of it and want liquidity at approximately 39k. Why 39? We can see multiple swing lows in this zone. I turned...
We have another Bitcoin miner with a nice descending triangle +oversold oscillators, and once again momentum to the upside. 1st target $3.60 and 2nd target is $5.30, Not financial advice, DYOR.
Because of the manner if which price has extended I am still looking for a proper wave 4 and OMH that will get BTC closer to it's ATH of just under $70k. I did a cursory check of contributed ideas on trading view and there appears to be many people calling for a top. Currently, there is nothing suggesting that. Currently we are in the beginning areas of a wave...
Exactly a year ago (January 18 2023) we posted our last Fibonacci MAs study and called for a calculated rally while the rice was still at 20k: It is now time to expand on our original idea and update it using the Mayer Multiple Bands. Basically, as you can see on the chart below, the Mayer MA helped us on June 17 2022 identify the Bottom Phase on the 1W...
Lets recap the bear market, 1. Retail destroyed ☑️. 2. Fraudulent exchanges shutdown prior to intuitional bank exchanges opening ☑️. 3. Bitcoin halving next year in 2024 ☑️ 4. Bitcoin sitting at an all time time low on the strength index ☑️. 5. Every halving has led to a gigantic blow off top of adoption ☑️. 6. Intuitions have allocated to Bitcoin via MSTR /...
On June 28, 2010 Tesla was listed on Nasda, after that 4144 days later tesla stock high. Exactly on 4444 days according to my attached idea there was a start of strong growth on bts from the beginning of bitcoin listing on bitstamp exchange and its first day of trading, it happened on October 16 and the price rose from 26500 to 30000 dollars. Now from the bottom...
Today at 4:11 PM EST (UTC-5) the @SECGov Twitter account posted confirmation that Bitcoin ETFs had been approved. Bitcoin price spiked immediately on this news but the following price action is most interesting. The hacker that made the Tweet, presuming the news would create a large, sustained bullish move, likely LOST MONEY on his illicit trade. Tradingview...
Bitcoin is now in the middle of the range given by 45.7k-47.2k. Wait for one of the 2 levels to be taken before taking action.