$BTC remains firmly in a bearish descending parallel channel. In spite of negligible volume and price action, risk-off market behavior remains. Bitcoin has never been below the 300 week moving average, until recently that is. Atlanta Fed's Q2 GDPNow posted -2.1% on July 1st, reflecting 2 consecutive quarters of economic contraction. Multiple "well-regarded"...
Here come my thoughts on the Bitcoin situation at a macro scale. 3 deviations (65k, 67k, 69k) to bait longs and tap liquidity in the market. We are clearly in a bear market on the HTF and I don't expect it to be over any time soon. Many sucker rallies happening but don't forget that these easily fade quickly in a bear market. Since the beginning of 2022 Bitcoin...
This analysis is based on elliot waves, chart pattern and moving averages. We can clearly see bitcoin forming a rising wedge and a head and shoulder pattern on 1 d chart of bitcoin. The targets for same are head and shoulder - 9970 and rising wedge - 7710. The Moving averages in daily TF and weekly TF points in bearish trend also with test of support and...
During an uptrend, we have this saying - what comes up, must come down. The similar notion can be said during a downtrend, but in an opposite direction - what comes down, must come up. Following this series of downtrend within the Cryptomarket, we can actually maximize the intra-cycle volatility which we see within the smaller timeframes. In this chart, we...
It looks like BTC is switching to a BEARISH trend. It doe not look good. Other also altcoins dumped fast. I think it could still be a correction. We need to stay above the main BLUE EMA and step out from the decreasing TL. So BTC is NEUTRAL and waits for the retest and more significant movement. When we come back to the BULLISH trend, it will be a massive trigger...
Introduction Bitcoin continues to take a beating and I am producing different styles of charts to reach different styles of investors and traders, hoping to show them something in a system they recognize. I have done divergence on indicators, I have use bollinger bands, I have done volume analysis, everything I can to help. This is to help out the moving...
Everyone is trying to figure out what will be the peak of the current Bull Market. However, when investing, you need to be forward-looking and think ahead. While the price target for the current market cycle is still very uncertain, it may be easier to foresee what will be the price floor of the next bear market. Looking at the previous cycles, in both cases,...
Previous equence 5-7-5-1 and projected sequence 7-5//5-1 Currently in a downtrend but will make new higher soon after...
Since the chart above mentioned the RSI 14 weekly showing signs of btc on a bull run or not..in a candle stick perspective we're already right exact at the resistance area of BTC and it will show either we have a retracement-pullback then go back up to a bull run. Or...this is alraedy the top and another correction dowanrds to $5,500ish. Call me repetitive but I...
playing devils advocate *HYPOTHETICAL* this one gives a better timeline analysis IF this is actually a bear market rally, and how + when bitcoin could will break out of the hypothetical bear market rally this one is primarily so that i can save an idea without actually saving it. welcome to criticism and debate
This chart incorporates the Bitcoin's market cycles inside the parabolic shape factoring in the halving effect. The halving has so far occurred after the bottom of each market cycle was made so based on that (next halving May 2020) the new bottom should take place inside this February - April. What is even more important than that is the lengthening of each...
The chart is self explanatory, in a few words a comparison between how the 2014 - 2015 bear market reached its bottom and the similarity with the price action at hand. Based on that comparison, December's 3150 bottom was a temporary one much like the 278 during 2014 - 2015. A maximum peak at 4600 is to be expected followed by the final blow of -65% for a 1600...
This is a basic but informative illustration of the Death/ Golden Cross occurrence on BTCUSD. During the last bear cycle (2014/ 2015) the Death Cross occurred just before the cycle'c bottom was made in January 2015. The bottom was made 3 weeks after the Death Cross took place. What followed in the coming months was a year long consolidation period that stopped...
Bitcoin has closed 5 bearish monthly candles in a row for the first time (and historically second) since November 2011. That streak was the end of Bitcoin's first bear cycle and signaled the parabolic rise to the April 2013 Highs of 266. So where do we stand on the parabolic curve at the moment? We have done numerous studies on that matter but there is no better...
The crypto world has been so focused at comparing the current bear market to the 2014/2015 cycle, that has neglected to look into another bearish cycle. Bitcoin's very first one from June to November 2011. Of course the duration then was much quicker as Bitcoin was in its first steps towards becoming what it is today, and due to the short horizon can be...
The price is currently trading within a 4H Channel Down (RSI = 43.283, MACD = -41.400, Highs/Lows = -28.0287). Yesterday's inability however to make a full Lower High near 4,100 has created a Falling Wedge within the Channel Down that is narrowing down towards a 3,645.00 target. If we do however consider 4,034 as the Lower High, then it may follow the pattern's...
Binance and Bitfinex are leading the charge on the sell offs over the last 48hrs. As you can see over the last 6 hours, Binance and Bitfinex are selling off at greater slope than Mex or Coinbase.
On this study we quickly examine if Bitcoin's 2018 correction is an unusual phenomenon in financial markets and how it is compared to other industry leaders. For our example we use Alibaba a reformer in the Retail Industry and Netflix a reformer in Entertainment. We consider Bitcoin to be the reformer in the Financial sector. All assets have fairly recently...