Bitcoin (BTCUSD) is on the third straight red 1D candle following Monday's rejection (and closing below) on the 1D MA50 (blue trend-line), the short-term Resistance MA. This maintains the medium-term Channel Down but at the same time the long-term Channel Up since the start of the year remains unbroken. The 1D MA100 (green trend-line) is the first line of Support...
Bitcoin (BTCUSD) is about to close the monthly candle of May and most likely it will be the first red since December. We haven't seen a four month bullish streak since January 2021. Despite the end of this succession, this is far from a discouraging long-term signal as the past two Cycles show that every time the 1M time-frame prints this pattern where a red 1M...
Our last week's buy signal was purely based on the 1D RSI break-out (see chart below) and Bitcoin (BTCUSD) didn't fail to deliver: As you see, the RSI on the 1D time-frame eventually broke above its Lower Highs trend-line, and as it has done all year on three previous occasions, it is starting to rise aggressively. Today the price broke above the 1D MA50...
hello guys Im here again with you on btc. I can see more space to see lower prices but it can be just to remove little traders from market so lets try a buy position :)
Bitcoin (BTCUSD) has been on a minor pull-back phase in the past 5-6 weeks and that is again inflicting fear in the weak hands of the market participants. However, this should make us lose sight of the bigger picture and BTC's long-term goal. This chart on the 1W time-frame illustrates a very unique pattern that splits BTC's historic price action into 4 phases...
Bitcoin (BTCUSD) is yet again testing the 1D MA100 (green trend-line), for the 4th time is 12 days. While this is obviously the Support (if broken then the 1D MA200 can be tested) and the 1D MA200 (blue trend-line) the short-term Resistance, it is the 1D RSI that we might want to be looking at for the next confirmed buy entry. As you see it is currently under a...
CRYPTOCAP:BTC ... I reckon this is the scenario to look out for. - Potential short around $28.5k - Looking for longs at $22- FWB:23K
CRYPTOCAP:BTC #BTC $27,478 testing, this is third attempt since 15th May. Previous daily closed neutral. $27,478 support will help test $28,298. Watch given S/R
Bitcoin (BTCUSD) continues to show strong similarities with the 2015/16 Cycle, which is something we first posted almost a year ago when the market made the June Low. Right now BTC is about to complete a Bearish Cross on the 1W LMACD, the first since April 2022. Even though that's a technically bearish signal, during Bull Cycles it is a sign of a medium-term...
Bitcoin (BTCUSD) turned its Ichimoku Cloud green again on the 1W time-frame for the first time since July 2022. However it is the first time that it goes from red to green since December 2020 and if it wasn't for the March 2020 COVID crash, it would have been the first since November 2019! This shows that on a cyclical basis, this is a very rare occurrence. On...
CRYPTOCAP:BTC #BTC $27,478 testing, $26,650 current support. 1D closed bullish pin bar with bullish engulfing. If followed thru today expect $27,994 resistance test.
Bitcoin (BTCUSD) has been trading within a short-term Channel Down patten since the April 14 31000 High. The recent rebound last Friday was made on the 1D MA100 (yellow trend-line), which was the level that also held and made the price rebound on the March 10 low. Technically this level can alter the current pattern dynamics as it falls in the category of macro...
CRYPTOCAP:BTC #BTC $27,478 resisted, $26,963 support in effect. Last 1D closed bearish. $26,650-$26,963 current support range. $28,298 required as support to avoid fakeout at $27,994.
Bitcoin (BTCUSD) hit today the 1W MA200 (orange trend-line) for the first time since the March 13 weekly bullish break-out. Basically this is the first time that the 1W MA200 is being tested as a Support since the weekly candle of August 15 2022. If it holds, it will be confirmed most likely as a Support and accumulate more buyers for a rebound to the last...
Bitcoin (BTCUSD) has been trading below the 1D MA50 (blue trend-line) for the 4th straight day, inside this 4 month Channel Up. We have spotted a similar Channel Up pattern from May to October 2020. This started a rally after two conditions were met: the 1D RSI hit 35.00 and the price broke below the 1D MA100 (green trend-line) to form a bottom on the Channel's...
Bitcoin (BTCUSD) has failed to break above its 3W MA50 (blue trend-line) but the KST indicator is about to make its Bullish Cross. The previous three clear Bullish Crosses have been on July 2020, January 2016 and June 2013. All have kickstarted major Parabolic Rallies for BTC. Since we have established that the Bear Cycle has technically ended and that we are...
Bitcoin (BTCUSD) has been trading within a Channel Up pattern since the November FTX crash bottom. Inside this pattern, it has already seen a 7 straight week (1W) consolidation phase, two times already and currently it is about to complete the 7th week of the third consolidation phase. This is taking place right at the bottom (Higher Lows trend-line) of the...