Following the CPI release this week, the 3rd straight month of decreasing numbers with potentially high implications on the USD, I thought it would be relevant to look at the U.S. Dollar Index (DXY) and how it's current state can affect Bitcoin (BTCUSD) relative to key turning points and correlations of the past. ** Bitcoin's Bull and Bear against the Dollar **...
Bitcoin is rebounding massively on its September Support Zone following the CPI release despite a higher than expected reading. Being still lower than the previous month, the markets strong defense reaction on this Support level may change the bearish narrative of the past two months. The immediate Resistance level is the 1D MA50 (blue trend-line) but the...
Bitcoin remains grossly bearish and if you look at the price with a bullish bias, all you have to do is turn the chart upside down. The price action in the past 3 months clearly suggests a continuation to the downside and all Bitcoin needs now is a trigger for the break of support. Although FOMC minutes yesterday proved to be a non-event, today's CPI could be a...
From the past few months we have been watching bitcoin, and the price is holding the support level of 18000 to 19000. This level is very important and is working as a strong support area. But for now the bulls are not able to push the price above 24000 which is acting as a resistance, BTC now hitting the support level of 18000 again and again and this might...
As Bitcoin (BTCUSD) is struggling to break above the Lower Highs trend-line that started after its November 2021 All Time High (ATH), the RSI on the 1D time-frame has been printing (since June) a sequence similar to that of mid-July - early-Nov 2021. As you see with the candle comparisons (orange for 2021 and blue for 2022), even though the RSI patterns were...
For 4 months now, Bitcoin is staying above 19k support. However, looking at these past months' price action we can see that, after the 25k peak the main crypto is pressing in this support and every rally is sold. I'm bearish as long as the price is under the recent 20.500 high and I expect a break of this support and down continuation towards 15k
This is Bitcoin (BTCUSD) on the 1D time-frame where we might be having perhaps the biggest development of the current Cycle. What do I mean by that? Well the 2021/22 Bear Cycle has been largely sustained 'thanks to' the Lower Highs trend-line that started on the November 10 2021 All Time High (ATH). The first major rejection it had was on the March 28 2022 Lower...
Crypto market update Pakistan Time: 10:00 PM Bitcoin support levels - 19,000 and 18,500 USD strong Support (is Ka Matlab yahan buyers hain) Bitcoin resistance - 19,500 and 20,500 USD strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin) Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud...
Bitcoins has made a lot of gains in price appreciation but the reverse is eminent as a fall to around $17k is possible except the NFP news did otherwise but i am optimistic that the NFP will ONLY even help to fast track the falling momentum .
BITSTAMP:BTCUSD Hello folks!!!, This is my analysis brought to you after deeply analyzing the Crypto Currency BTC/USD from a technical, trend and fundamental perspective: *Pivot Point : 20,470.00 *Stop Loss : 20,756.74 Take profit : 17,000.00 Entry Price : 19,975.94 Risk/Reward Ratio : 1 : 4.02 ⭐If this post was useful to you, do not forget to like ❤️ and...
This is Bitcoin (BTCUSD) on the 4H time-frame as we are looking into the short-term price action on this particular analysis. As you see the price got rejected just below the Symmetrical Resistance that was first formed on the August 30 High. Since then we had another three (excluding the current) rejections or near rejections. However, an even more important...
Those who follow our channels for long know that we are supporters of Halving approaches. Today we bring you such an approach that we've done in the past only this time is on its simplest version as we focus on one thing: purely Bitcoin's (BTCUSD) bottom. As you see, we have drawn all past three Halvings plus the next one (around March 2024) and plotted on them...
Hello Community, Welcome to this analysis about Bitcoin on the 4-Hour Timeframe Perspective. Bitcoin in recent times managed to hold above the preliminary crucial level of $18,500 which is now pointing out important support above which Bitcoin is moving on to form an inverse head-and-shoulder formation in which Bitcoin also already increased with volatility...
Lately we see the stock market (for this analysis the S&P500 is used (blue trend-line)) falling sharply while at the same time Bitcoin (BTCUSD, orange trend-line) falls at a much lower rate or even at times remains stable (even increasing on some occasions). While this phenomenon might seem odd, especially in the eyes of people believing dogmatically that Bitcoin...
This two chart layout depicts Bitcoin (BTCUSD) at the top and the Volatility Index (VIX) at the bottom. A rather simple correlation analysis between the two assets. As you can immediately realize, VIX can give buy signals on BTC (green circles) when the price is High and sell signals (red circles) when it is low. More specifically we see a clear Higher Lows...
🔰You can see Bitcoin analysis in 15 minutes time frame (BTCUSDT_ 15min)💣🔍 💥If the price can break the Support🧡 to the bottom and stabilize❗ below it, then it can have a fall to the DEMAND zone🔻 But if the price can break the Down trend line🖤 and stabilize❗ above it, it can experience an upward trend until the SUPPLY zone🚀🔺 which direction will the price go to...
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This is Bitcoin (BTCUSD) on the 1W time-frame and displays a projection both in terms of pricing and timing of its next Cycle modelled out of the previous three using the following attributes: * The Halvings. * Fibonacci extensions from Cycle Top to Bottom to calculate the next Top. * Top-to-Top-to-Bottom-Bottom-to-Halving stats and vice versa. Basically this...