This is another very informative study that brings together Bitcoin (BTCUSD) and this time, the Chinese stock market (CN50 - blue trend-line). We are looking into the last two Cycles and how in particular the Chinese stocks often lead BTC moves before they happen. Our focus is in the phase after the Bear Cycle bottom and before the Halvings. As you can see during...
This is not the first time we emphasize the strong correlation of Bitcoin (BTCUSD) with Yuan (USDCNY) and the Chinese Bond Yields (CN02Y and CN20Y). We made an analysis right in the aftermath of the FTX crash, indicating why those indicators have all aligned, paving the way for BTC's new Bull Cycle. As you see that happened and this time we incorporate two mixed...
After the reversal from 25k and the reach of my target at 28.500, Bitcoin started to consolidate. Friday we had a new attempt to reconquer resistance and bulls failed again and BtcUsd started to fall again. At the time of writing the price sits on confluence support, but the structure is not bullish at all and we could witness a break down In such an instance, the...
Bitcoin (BTCUSD) has been trading within the (now green) Gaussian Channel since the mid-August decline. It is no surprise that it held that low and trade basically sideways as once the Gaussian turns green historically, it has signaled the phase of the bull market before the Halving. It shouldn't turn red again before the new Bear Cycle. Last time BTC dipped...
Bitcoin (BTCUSD) is consolidating within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) for the last 10 days. This neutrality, this sideways price action may be directly attributed to the presence of the Lower Highs trend-line since the top of the previous Bull Cycle. But it's not only that double hurdle level that BTC needs to overcome. Directly...
🔨Bitcoin started to rise from the 🟢 Heavy Support zone($25,280-$23,900) 🟢 and was able to break the Downtrend line yesterday. ✅Also, Bitcoin has managed to form an Ascending channel . 🏃♂️Bitcoin is currently moving in the 🔴 Resistance zone($28,460-$28,000) 🔴 near the SMA(100) and near the upper line of the ascending channel . 💡Also, we can see the ...
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 -...
🏃Bitcoin is running on 🟢 Heavy Support zone($27,600-$27,300) 🟢 and 🟡 Price Reversal Zone(PRZ) 🟡. 🔔I expect Bitcoin to rise toward the 🎯 Target 🎯 that I specified in my chart after breaking the 🔴 Resistance zone 🔴. ❗️ Note ❗️: if Bitcoin goes below the 🟢 Heavy Support zone($27,600-$27,300) 🟢 we have to expect that Bitcoin will go down more. ...
Bitcoin (BTCUSD) has completed a Bullish Cross on the 3D time-frame and that helped the price last week to start the short term rise that broke above the 3D MA50 (blue trend-line) for the first time since mid August. The previous 3 MACD Bullish Crosses have all delivered a Higher High within the 11 month Channel Up. What's also interesting is how firmly the MA100...
On 27 September I recommended a buy trade for Bitcoin saying that the cryptocurrency could rise and test 28500 resistance. This target was reached on Monday and BtcUsd started to drop again. Although I had a short-term buy trade, my bearish medium-term outlook has not altered and after this new test of resistance I think Btc will roll back down to support At this...
Bitcoin (BTCUSD) may have found Support on the 1W MA50 (blue trend-line) and rebounded but for basically the last 6 months it has been trading sideways/ consolidating. On the other hand, this hasn't stopped the altcoin market (orange trend-line depicting dominance) from breaking above its Bear Cycle's Lower Highs trend-line 6 weeks ago. Historically, when alts...
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...
Bitcoin (BTCUSD) broke above the 1D MA50 (blue trend-line) again today and is very close to registering the first 1D candle closing above it since August 01. At the same time it broke above the Lower Highs of the Falling Wedge pattern that started on the July 13 High. If it succeeds today in closing above it, we hav e high probabilities of seeing the bullish...
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...
Last week we covered the Lower Highs trend-lines involved on Bitcoin's (BTCUSD) medium-term price action (see chart below) and how each break-out would be a Resistance break targeting the next in line: The Lower Highs 1 trend-line broke and almost hit our 27550 Target but the rejection on Lower Highs 2 (started on the July 13 High) has been so far rather...
Bitcoin (BTCUSD) is about to test a major Resistance cluster, the Lower Highs trend-line from the Cycle's 2nd High and the 1W MA100 (green trend-line). The latter was the Resistance level that stopped the rally in July. The price has been essentially consolidating sideways within the 1W MA100 and 1W MA50 (blue trend-line) since. The former (Lower Highs) is the...
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...
Bitcoin (BTCUSD) couldn't avoid the Death Cross formation on the 1D time-frame as a result of August's decline. This is technically a bearish pattern, where the 1D MA50 (blue trend-line) crosses below the 1D MA200 (orange trend-line). So how bad can it be? To answer that, we can look into the historic price action of course through past occurrences of the Death...