↘️After the SEC approved the Bitcoin ETFs , we saw that Bitcoin has lost more than ➖16% of its value so far ( Buy the Rumor, Sell the News ). ✅As I shared in previous posts , Bitcoin started falling from 🔴 Heavy Resistance Zone($52,100-$45,800) 🔴 as I shared with you. 🌊According to the theory of Elliott waves , Bitcoin went through wave 5 with the ...
On this 1W analysis we see Bitcoin's (BTCUSD) amazing symmetry through its historic Cycles. A symmetry which upto this date, is holding and we will explain why right away. Before we begin, note that the current study can be used in combination with our legendary Golden 51%-49% Ratio publications shown below: ** Three Cycle Phases ** Now as to the...
Expect the unexpected this year. As you know, I flipped bearish in December. Check out the TA below. It's taken a while to rollover, but Bitcoin has failed to break the 0.75 Fib Fan. Just like in 2019, week after week, it closed right under it, and now it's finally making a move down. There are two scenarios that I put together that have probable...
Bitcoin-2024-Scenario-1 Below Let's talk about the thing nobody wants to talk about. THE CME GAP AT 20k! This CME gap is one of the largest Gaps in history. Coming in at 20300 to 21200, it's a huge Gap. I remember very clearly the herd saying the "GAP AT 18K WILL NEVER GET FILLED." 500 days later, what happened, the damn GAP gets filled. How many times do...
Bitcoin (BTCUSD) is on the 3rd straight bearish week (1W) following the 49000 High, which technically was a Higher High on the 1-year Channel Up. This is the 2nd Higher High structure within this pattern (first was on April 10 2023) and technically we are currently on the new Bearish Leg that seeks the formation of a new Higher Low at the bottom of the Channel...
The common assumption is that Bitcoin is crazy and unpredictable. But if we look at the big picture - A technically perfect picture appears, predictable looking at roughly a year and a half of trading. Connecting the lowest and highest points creates an ascending (rising) tunnel with parallel lows and highs. The current floor of the long-term trend is around...
🏃♂️Bitcoin is moving in an Ascending channel with a low slope of 4 days . 🏃♂️Bitcoin is moving in the 🔴 Resistance Zone($43,720-$43,100) 🔴 and near the upper line of the Ascending channel . 🔔I expect Bitcoin to move to the lower line of the ascending channel again and possibly break this channel. ❗️⚠️Note⚠️❗️: An important point you should always...
Over the years we have discovered many historic patterns applicable to Bitcoin's (BTCUSD) Cycles. With a relative degree of volatility every time, since each Cycle has it's own distinct characteristics and fundamental events that shape it, those patterns can help traders/ investors construct strategies for buying and selling on a long-term scale. This time we...
Bitcoin (BTCUSD) had a strong rejection last week shortly after breaking Resistance 1 (48400), which was the high of the March 28 2022 1W candle. That is technically strong enough to initiate a medium-term pull-back on its own. The correction bias get even stronger though if we consider the 3-year Pivot Zone which has been relevant since January 11 2021, initially...
As elucidated in my prior analysis, I maintain the perspective that the correction for BITSTAMP:BTCUSD is not yet complete. In fact, I anticipate a decline below the 41500 support level, targeting the 35-36k zone. From a technical standpoint, we observe a range between 41500 and 45k, with an upward break, followed by a sharp reversal—a type of price action...
The eagerly anticipated ETF has finally arrived, and as anticipated by many, its approval was followed by a correction. After reaching a peak of $49,000, BITSTAMP:BTCUSD experienced a decline to a low of $41,500 yesterday, marking a 20% correction overall. The question now arises: is the correction complete? In my view, Bitcoin could potentially undergo...
Today, I'm going to present to you my thesis on why this rally is over and why the Bitcoin top is in for now, marking the weekly lower high that everyone will be setting as resistance in the coming months. This rally has reminded me a lot of 2019 in many ways; it has played out the same, especially with Chainlink. I have been following a bar pattern fractal from...
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...
👋Hi, everyone. 🌐Today, I want to explain to you the possible scenarios for Bitcoin; during the last week and the beginning of the new year 2024 , Bitcoin has been affected by the News , and we have seen Pumps and even Dumps , so before the SEC decision In the case of Bitcoin ETFs , it is better to trade a little more carefully . That's why I didn't...
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...
🏃♂️Bitcoin is moving near the 🔴 Resistance zone($44,800-$44,160) 🔴 and Inside the Ascending Channel . 🌊According to Elliot's wave theory , wave 3 ended near 50_SMA(Daily) , and now we have to wait for the confirmation of the end of wave 4 . 🌊It seems that the structure of wave 4 is the Double Three Correction(WXY) . 🌊With a lower line of ascending...
Bitcoin (BTCUSD) completed with last week's candle a Golden Cross on the 1W time-frame, its first ever in history! That alone is a monumental development, as the Golden Cross pattern is a powerful technical formation, especially on stable long-term time-frames such as the 1W. Apart from the technicalities, this pattern becomes even more important considering the...
It has been almost 3 months since Cointelegraph's fake ETF approval tweet (October 16 2023), which was basically the start of a medium-term mid-Cycle parabolic rally for Bitcoin (BTCUSD) that saw it grow by +69.10% this week. Yesterday we got the first serious signs of exhaustion as the 1D candle made contact with the 1D MA50 (blue trend-line) for the first time...