Bitcoin (BTCUSD) is already more than +5% for the day after Grayscale prevailed against the U.S. SEC in a historic ruling over the conversion of the Grayscale Bitcoin Trust to a spot Bitcoin ETF in a lawsuit. This legal win could be a pivotal step towards having the first ever spot Bitcoin ETF authorized in the United States. Technically the price reclaimed the...
Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Consolidation Phase R Channel in Short Time Frame as an Correction Fibonacci Level - 61.80% Break of Structure Strong Support Zone
This Bitcoin (BTCUSD) study is centered around the MACD Bullish Cross that took place on the 1M time-frame two months ago. Since 2014, the 1M MACD has formed a Bullish Cross another 3 times. In all cases the 0.786 Fibonacci retracement level was hit either before (only time the June 2019 Libra hype) or after. At the same time, the Symmetrical Support level from...
Bitcoin (BTCUSD) had a noticeable correction recently, bringing the price back to mid-June levels and spreading fear across the market. This effect isn't however until we zoom out to the larger time-frames (1W on the current study) and the multi-year Cycles that we realize that this is a natural technical phenomenon, an early Bull Cycle correction after the first...
Bitcoin (BTCUSD) hit yesterday the 1D MA200 (orange trend-line) for the first time since the March 10 2023 Low and closed a 1D candle below it for the first time since January 12 2023. Can this be an early warning that the worse have yet to come? It certainly could, considering that the price also broke and closed below the Higher Low trend-line that started...
Hello Everyone. I want talk about Bitcoin price prediction. We are close to high movement. in this idea i will talk about everything and the reasons why i am going to long it. After big consolidation we saw price came slowly down but not strong, it stopped to 2023 High , tried to brake that LVL many times but there was strong sellers who dropped the price, in...
After BTC fell from the daily high of 31800 Now there is a shock rise The next wave will continue to fall Trend line 29600-29700 first layout a wave of short selling The current price of 29400 is directly short This wave of empty orders is best to deviate from the bottom of the daily line level Below the target of 28500, we are considering doing more
This is not the first time we post this analysis but it as it starts to get increasingly relevant again, we thought it would be the perfect timing to refresh your memory. As you can see we are on the 1W time-frame, charting Bitcoin (BTCUSD) against the GOLD/SPX ratio(blue trend-line). The conclusion that this comparison offers can be very valuable. When the...
Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Bullish Channel in STF as an Corrective Pattern Support Level Impulse Correction Break of Structure Consolidation Phase
BTCUSD wait for breakout and trade in the direction of breakout. Manage your risk according to account size!
Hello traders, BINANCE:BTCUSDT is trading in a range that we identified on May 2022 as a liquidity gap. As predicted trading turned into this box to fill te previous liquidity gap. At the moment we need a validation to confirm a break below or above this box. There are good chances of a break as there is a large bullish flag pattern on the daily timeframe. ...
Back in May we first showed on this channel the unique Bullish Cross that the KST indicator was about to make and how the previous three clear (July 2020, January 2016 and June 2013), all have kickstarted major Parabolic Rallies. The Bullish Cross was completed in late May, BTC rose again in June on a new yearly High but failed again to break above its 3W MA50...
Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Consolidation Phase Completed Impulse and Corrective Wave " ab " Divergence - RSI Break of Structure S / R Level
Bitcoin (BTCUSD) has made a 1D Double Bottom and seems to have priced the final low before a new rally that will take it to a new yearly high. The price is already on a 15 day high and it is an excellent time now to look at potential highs for this Cycle. As we've done in the past, we will rely on the long-term time-frames for a more meaningful illustration of...
Bitcoin (BTCUSD) just completed a new Golden Cross pattern, this time on the 3D chart. Naturally the price is trading above both the 3D MA50 (blue trend-line) and 3D MA200 (orange trend-line). In the previous 2 Cycles, once the Cross took place, the 3D MA200 turned into a Support (technical exception of course is March 2020 and the COVID crash, which is though a...
Bitcoin ... I see for now the price is more likely to bearish. If you look at the market structure (if you have trouble seeing the market structure, I help with H-L-H-L notation) the possibility of continuing the bearish trend is still quite high. Although there is a possibility of limited bullish up to SND, but I am sure prices still tend to bearish in the next few weeks.
Bitcoin (BTCUSD) has been extending its recovery since late November, following the FTX crash but is doing so on a Decreasing Volume. In fact the volume is currently on historically low levels. Decreasing volume is associated with easy price manipulation and rightly so it is getting a lot of market participants worried as during rallies it tends to make the trend...
This is a break-through analysis on Bitcoin (BTCUSD) on the 1W time-frame that we posted a while ago but couldn't look more relevant today and can accurately explain the low consolidation of the last few weeks. It compares the current Cycle with that of 2014 - 2017. ** Amazing Cycle symmetry justifies current consolidation ** As you see there is so far an...