BITCOIN(BTCUSD), shown strong bearish momentum, which can be a strong indication of bears taking controll over. While DXY will be extremely bullish in this scenario it would be hard btcusd to create another bullish impulse. If you like my work, do like and comment your views that helps us bring more ideas like this.
Here is my view for BTCUSD on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Bitcoin (BTCUSD) posted last month the first 1M (monthly) red candle closing since December 2022. That was a strong four month bullish streak with the 1M MA50 (blue trend-line) supporting since March 2023. On today's analysis we put emphasis on the importance of the candle closings on the 1M time-frame. As you see, both May and April closed below the Resistance...
Bitcoin (BTCUSD) is very close to forming a Bullish Cross on the 1W time-frame between the 1W MA20 (red trend-line) and the 1W MA200 (orange trend-line). When completed it will be its first such pattern in its history and that is a major bullish signal on its own. In order to get a full grasp of this formation's magnitude, we compare it with the Nasdaq (NDX) on...
Bitcoin (BTCUSD) is currently testing (and so far holding) its MA200 (orange trend-line) on the 1W time-frame for the fourth straight week. This is being cemented as the new Support of the new Bull Cycle. A Bull Cycle which was confirmed after the price broke above the Lower Highs trend-line of the Bear Cycle, as well as the MA50 (blue trend-line), forming a Death...
Here is myv iew for BTCUSD on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
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...
Here is my view for BTCUSD on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
RSI divergence confirm the trade Wait for retest Manage your risk reward ratio this would be swing trade, 10x - 20x leverage would be good.
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 🐋 based on the chart, the price is close to the descending channel resistance, resistance area and breakout of support to the downside completed 📖💡 for any other huge pump, we need more correction to the downside 💡📖 if the breakout of the first support area (25K) to the downside won't happen, we can see more gain from 25k 💡📖 but if breakout of the lower...
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...
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...
Here is my view for BTCUSD on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Bitcoin (BTCUSD) has been on a 1 month pull-back ever since it started the new Bull Cycle rally at the start of this year. We have compared the current Cycle to that of 2015-2017 numerous times and as the market fears (yet again) of a stronger correction/ major trend reversal, the Crypto Total Altcoin Market Cap (OTHERS)/ BTC ratio provides more insight. This...
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...