On the previous analysis we talked about Bitcoin's (BTCUSD) emerging Golden Cross on the 1D time-frame and how it is clashing with the emerging Death Cross on the 1W time-frame. Well the 1D Golden Cross has been formed today and automatically draws our attention to the 1D Golden Cross of April 23 2019. This was formed just after the early 2019 rally begun. So the...
I've been bearish on Bitcoin since 22500USD. Now that the price is breaking through structure, I'm convinced that Bitcoin has reached its local high.
Why is the top in? The price went up for 34 days, which on average is half of a whole Bitcoin daily cycle. If we're lucky, the top will fall in the right half of the cycle, but this is too early to tell. We must...
Two major technical events are about to be materialized for Bitcoin (BTCUSD). On the 1D time-frame a 1D Golden Cross, which is when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line), is about to be formed, while on the 1W time-frame a 1W Death Cross, which is the opposite, is about to be formed. So what do those conflicting formation...
Attention for the entire coin market
during this period when the crypto market is quite sensitive as BTC has reached ~24300.
If the market corrects sharply, BTC can drop 20%, equivalent to altcoins dropping 30-50%.
So if you are holding a Long position. make sure your account is still profitable if this bad case happens.
(This is for reference only)
In continuation of our recent BTC-DXY cross comparison studies, we will quickly bring you today a trend-line that may have gone overlooked and can pose a real Resistance to Bitcoin (BTCUSD) in 2023.
As you see, if we exclude the March 2020 COVID crash period which is a non-technical irregularity, there is an underlying trendline on both assets, which on Bitcoin...
We only look at Bitcoin (BTCUSD) on the monthly time-frame when it is necessary to keep a long-term perspective and not miss the big picture. This is one of those times as the monthly (1M) candle, following January's hyper strong rise and impressive start to the year, is now testing the 1M MA50 (blue trend-line). This is a critical Resistance and last time BTC...
This is a really simple Bitcoin study on which I calculate the remaining days of the current Bull Cycle we are in based on the Top, Bottom and Halving of each Cycle. These parameters are effectively used to distinguish the Bull from the Bear Cycles. Tops are obviously where the Bull phase ends and Bear starts, while the Bottoms are where the Bear phase ends and...
Lots of euphoria yesterday after Jerome Powell's Press Conference where he gave the markets what they wanted to hear regarding future policy and how inflation is under control. The rates got increase by +0.25% but on a lower rate than the previous meeting. This may just be the icing on the cake for Bitcoin (BTCUSD) as technically we are close to three major...
Bitcoin (BTCUSD) is rebounding aggressively after the LMACD on the 1W time-frame hit and bounced on its historic Support that formed the 2015 and 2018 Cycle bottoms. This suggests that the new Bull Cycle has begun and to keep a better perspective, we have plotted the Geometric shapes from bottom-to-top.
Along with the Ichimoku Cloud and Fibonacci MAs, they paint...
After the interest that the revised version of my Logarithmic Channel model attracted, I thought I'd extend it by adding a few more elements, most notable of which Tradingshot's very own Golden 51%-49% Ratio!
Basically I've been asked continuously to make an update on that legendary chart, so here is an extension, though I promise I will also make an update...
This is not the first time we look into the Super Cycle Theory, which is the idea that Bitcoin (BTCUSD) may have just finished its 2nd Cycle instead of the traditional notion of the Four Cycles driven by the Halvings.
It is however the first time we look into it using the U.S. Dollar Index (DXY) and our favorite CN02/CN20Y ration (Chinese Bond Yields 02Y/20Y). As...
Bitcoin (BTCUSD) just made a hugely important and unique Bullish Cross on its LMACD. Those who follow us regularly over the years, know that we like looking into assets (and Bitcoin in particular) from different time-frames that provide a more spherical overview of the market and the direction. This time we analyze the 15D chart as it just formed a Bullish Cross...
This is not the first time we look at Bitcoin (BTCUSD) on the 3D chart , but it is the first time that three major trend indicators all give a big long-term buy signal at the same time:
1) The Super Trend indicator, which we have used extensively to maintain perspective during the Bear Cycle, just waved a green flag for the first time since December 2021.
2)...
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...
Bitcoin (BTCUSD) has started 2023 with a relentless +40% rally, completing a +50% rise from the November Low. But perhaps the biggest technical development of the upcoming days is the emergence of the Death Cross formation on the 1W time-frame. This is when the 1W MA50 (blue trend-line) crosses below the 1W MA200 (orange trend-line) and on Bitcoin in particular...
Bitcoin (BTCUSD) on the 1W time-frame is flashing some bottom signals we can't ignore. The core of this post is the Bollinger Bands Width (BBW) indicator which rebounded on a level (blue line) that has historically preceded major rallies and market bottoms (circles).
The period that bears more resemblance with today is the BBW rebound that started on the week (1W...
Bitcoin (BTCUSD) is up +40% since the start of the year and did so by breaking above its former Falling Wedge pattern that was holding since the June 18 2022 Low. On this 1D time-frame, we see that there is a high probability of the Wedge break-out to transition BTC into the next pattern that could be an Inverse Head and Shoulders (IH&S).
Such patterns are...
We talked yesterday about how beautifully Bitcoin's (BTCUSD) Adam and Even (A&E) pattern delivered a textbook short-term target at 21650:
We looked into such past occurrences more and discovered even more interesting clues for the immediate future. As this analysis shows, every Bear Cycle bottom has been formed on an A&E pattern (even the first Cycle in 2011...
