Hi guys, if we see bitcoin in weekly time frame and from another angle we can see an uptrend wedge, I predict three scenarios for the next move. , Scenario 2: Reject Bitcoin 53 but suffer for a while to stabilize above it and continue to climb again. Continue the upward trend and finally be able to pass 53. You should always look at the prices and use the trend...
So. Bitcoin is down -40% from the November 10 High (and All Time High (ATH)) and once more the market is on full fear mode. This is not the first time we have come across a sell-off like this, in fact we can argue that such big pull-backs are a necessary process during a long-term bullish trend and have historically paved the way to even stronger and more...
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...
Bitcoin has lately taken a pause on its monthly rally that followed the July bottom, and what better time to look at some highly accurate old models and work around them to produce projections.
This is what I've done on today's idea, I've basically extended a high precision technical pattern of May 2019, which was extremely accurate at predicting the March 2020...
This is Bitcoin on the 1W time-frame. I am using this long-term chart today because I found a unique formation occurrence that I want to share with you.
As you see BTC is currently pulling back within a Channel Up that started after the July 2021 market bottom. The 1W MA50 (blue trend-line) is currently in support around $46500. The exact same Channel Up was last...
Those who've been following me for years here (and previously on reddit) should know how fond I am of Cycle comparisons. I am a big supporter of the Lengthening Cycles and Diminishing Returns Theory (each Cycle measured from the bottom is longer than the previous and offers a diminishing ROI) and find Bitcoin's cyclical behavior and patterns highly reliable and I...
I can't help but make this a festive post as Bitcoin finally broke the previous All Time High (ATH) of $64900 made last April, a level many thought it wouldn't reach again for many years to come if ever! So let us take this short opportunity to congratulate everyone. All the HODLers. For all those who had to endure 5 months of stress, anxiety, discomfort and pain...
The scene is familiar. Bitcoin drops and there is panic in the crypto market. This time the catalyst being used is the new COVID variant which is feared to be spreading across Europe. This shouldn't divert you from your goal and make you lose sight of the bigger picture, which is an uptrend since July's lows.
Before I start, I want to point out that today's study...
This is a comparison of Bitcoin's three major Cycles: The current one (2018 - 2021), the second (2014 - 2017) and the first (2011 - 2013).
As you see each Cycle starts with its Bear Cycle, with the second and the current one making a bottom on the 1W MA200 (orange trend-line) and then starting the first phase of the Bull Cycle.
The 1W MA50 (blue trend-line)...
I will keep this idea short. Bitcoin is reversing strongly the past two days and is testing the October 20 All Time High (ATH) of $67000. This leaves little room for the correction (even a short-term one) that many have been expecting. On the contrary it will most likely break above it and according to historic patterns, when ATH levels break, it tends to...
Following a recent idea on how Bitcoin behaves after breaking an All Time High (ATH) level (following a major crash of more than -50%), I've extended my research and discovered the following occurrence.
Many people (and rightly so) compare the May correction (and subsequent consolidation of June-July) to the April - October 2013 sequence. That fractal occurred...
This is a quick reflection on Bitcoin's Fibonacci Channel's within its long term parabolic growth curve.
In the two previous cycles, the price touched the -0.382 Fibonacci retracement level before it rebounded. This marked the end of that market's bear cycle and that bottom gave way to the new bull cycle.
This time it hasn't done that (price touching the -0.382...
Hello Traders,
Due to strength of USD price of bit coin drop drastically. By looking on channel look like price may drop more, but I you can see there is support on the way (red line 53668. Perhaps this support will stop price but we have observe market.
This support is on last long black candle. Support and resistance always shows on open close and 50% of the...
This analysis is on the shorter-term than what I usually do, the time-frame is the 4H, but I had to bring forward to you this key Pivot Line. As you see since the October 20 High, Bitcoin has bounced on this Pivot trend-line 4 times (including today). Two time got rejected as a Resistance (red arrows) and another two bounced as a Support (green arrows). Actually...
This is a quick short-term update on BTCUSD as the price hit the 1D MA50 (blue trend-line) for the first time since October 01.
In doing so, it established the presence of a Channel Up (blue) that has been trading inside since the October 20 High. This gives rise to 2 scenarios:
a) Either the 1D MA50 holds and sustains the Channel Up whose upper break-out will...
Every since the May 2021 sell-off, Bitcoin has been trading inside a Channel Up. On the larger scale, this is roughly within the 0.5 - 1.5 Fibonacci levels of a Fibonacci Channel Up that started after the March 2020 COVID led melt-down.
The time-frame is on the 1D and the key MA periods are the MA50 (blue trend-line) and the MA100 (green trend-line). It appears...
This study is exactly what the title suggests. I have plotted all 3 of Bitcoin Cycle's on the same chart, centered around their Halving. If you've got a little lost maybe the snapshot below can make things a little clearer:
So back to the main chart. The vertical orange line is the Halving. That's H1, H2, H3 for each of...
Hello Traders , Welcome to this analysis, we are looking at the BTCUSD, the 15M- timeframe.
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