We have published quite a handful of Bitcoin (BTCUSD) analyses that compare in detail the current Cycle with that of 2014 - 2017. A representative sample of such study is the one below that we made on July 31:
People were still in denial that BTC would extend the recover that started after the FTX crash but we analyzed in detail why we thought that was the...
👋Hi, everyone; I hope you all have a positive Portfolio these days (be happy).
✅Bitcoin managed to break the 🔴 Resistance zone($38,650-$37,000) 🔴 [ In previous posts, my resistance zone was 🟡Price Reversal Zone(PRZ)🟡 ] and Important Resistance line during the weekend. However, this zone was not expected to break on Saturdays and Sundays when trading...
🏃♂️Bitcoin is moving near the 🔵 CME Gap($40,325-$39,290) 🔵 and Support line .
🌊In terms of Elliott wave theory , Bitcoin seems to have completed its 5-wave downtrend near the support line.
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
🔔I expect Bitcoin to Go UP at least until the end of wave 4 and at the next target of...
Part 1
The bar pattern continues to play out like clockwork, but for how long? There comes a time when every bar pattern decouples and fails to mirror. One of the most amazing bar patterns I followed was in 2022, where a distribution bear market fractal from 2018 started forming at all-time highs for Bitcoin.
For the next 218 days, this bar pattern mirrored...
The final run is starting, ahead of schedule it seems!
The fractal did not play out the same during this section; it seems we are running much faster! Normally, during this part of the zigzag fractal, Chainlink takes 12-15 days to bottom, but we seem to have done so in only 6 days, half the time it normally takes. I have covered this in all the previous...
In my latest analysis of BITSTAMP:BTCUSD , I emphasized that the $35,000 mark serves as a robust support level for BTC.
As long as this threshold remains unbroken, the anticipation was for further upward momentum towards $40,000.
Now, with two weeks having passed since that analysis, Bitcoin has not only surpassed the $40,000 mark but has shown remarkable...
It's been a while since I did a Bitcoin TA; I've been focusing on Chainlink mostly these days. Still, I spent the last few days going over everything to come to this conclusion as the most probable outcome next two years . There's a high chance we won't see an all-time high until late 2024.
Like always, it's never easy to predict what Bitcoin is going to do next....
Bitcoin (BTCUSD) broke yesterday above the Bullish Megaphone pattern that kept it at bay since the October 24 High. The previous Bullish Megaphone of September - October technically served as a consolidation belt before the price broke upwards to deliver a +31.86% peak from the Megaphone's last Higher Low and +40.50% from its first Low.
The ROC shows a similar...
Bitcoin (BTCUSD) broke above the psychological 40000 mark, trading now even above 41k. Those are levels that we haven't seen since the week of April 18 2022! And we don't know yet where this euphoric (on Fed, ETF anticipation) candle will stop.
Technically, the next Resistance level is the 48220 High that was the first Lower High made after the November 2021 All...
✅Bitcoin moved as I expected in previous posts and was able to touch the upper line of the Ending Diagonal again ( MicroStrategy helped in this movement by buying $600 million of Bitcoin).
📚The Ending Diagonal Pattern ( Elliot's point of view) is the same as the Rising Wedge Pattern ( Classical Analysis point of view).
🌊According to the theory of ...
💡Bitcoin tried many times to break the 🟡 Price Reversal Zone(PRZ) 🟡 but failed every time.
🌊In terms of Elliott wave theory , Bitcoin seems to have found microwave 5 of the main wave C at the 🟡Price Reversal Zone(PRZ)🟡 and the upper line of the Rising Wedge Pattern .
💡One of the confirmation signs of our wave counting can be the presence of Regular...
On today's study we plot Bitcoin (BTCUSD) against two unique formulae that encompass the basic essence of the global money supply. The formula in blue has a differentiation towards Chinese bond yields while the orange on the Chinese Yuan. Both are regressed against the U.S. Dollar and the batch of the U.S. Balance Sheet, Chinese Central Bank Balance Sheet and the...
Following our recent Bitcoin (BTCUSD) Thanksgiving study on the trend-line angles, we decided to expand it a bit further and apply a similar reasoning on the RSI, this time on the 1M (monthly) time-frame.
The result is more than informative as, with the additional use of the Fibonacci Channel levels for better display, we see that from bottom to top, every Cycle...
Let me begin by wishing everyone in the TradingView community a Happy Thanksgiving! A day of joy, gathering and happy family moments!
Aren't you curious to see where the price of Bitcoin (BTCUSD) was trading on this day in the previous years? If so, have a look:
2010: $0.28
2011: $2.49
2012: $12.51
2013: $813
2014: $376
2015: $328
2016: $739
2017: $8,771
2018:...
✅As I expected, Bitcoin could NOT break the previous Top and important 🟡Price Reversal Zone(PRZ) 🟡.
🏃♂️Bitcoin has been moving in an Ascending Channel near the 🟡Price Reversal Zone(PRZ) 🟡for the past few days but managed to break the ascending channel and Support line(1) a few hours ago.
🌊According to Elliott's wave theory , all the waves inside the...
In my previous BtcUsd analysis, I said that 35k-35.5k is strong support for bitcoin and the main cryptocurrency remains bullish as long as this level is intact.
As we can see from the chart, BtcUsd touched and reversed from this zone 3 times in the past month suggesting there is a strong demand under 36k.
Yesterday the price rose back to resistance and I'm looking...
Bitcoin (BTCUSD) is seeing in the past 30 days the first legitimate medium-term rally since March - April. The ETF acceptance anticipation has been cited as one of the reasons but after the SEC's latest delay, we see that it hasn't affected BTC's price as much and the reason is something else. Perhaps the strongest technical reason why Bitcoin has been rallying,...
Bitcoin (BTCUSD) will complete this week or the next the first 1W MA50 (blue trend-line) - MA100 (green trend-line) Bullish Cross since the week of December 02 2019! Such a bullish pattern, exactly 4 years after, is a Cyclical buy signal which technically is the last we are going to get during this Cycle.
With the Halving being a fundamental signal, this Bullish...
