This is Bitcoin (BTCUSD) on the 1W time-frame drawn against the USDT dominance. For better comparison purposes both are displayed in candle bars, BTC being on top, USDT Dom at the bottom. The essence of this comparison is to find a behavioral pattern that can help us estimate which phase of the Cycle BTC could be at. As you see, the USDT Dom is printing a...
This is Bitcoin (BTCUSD) on the 1W (weekly) time-frame. The focus is on the Bearish Megaphone that has been running since the April 12 2021 High, drawn on the weekly candle bodies, ignoring the wicks. This is the pattern that has been dominating the whole Bear Cycle since its beginning, with the October - November fake-out rally excluded as its was the peak of a...
Simple 1D time-frame analysis on Bitcoin (BTCUSD) showing that since the March 28 High, every drop was followed by a rebound to the 0.5 Fibonacci retracement level. Out of a total 3 occasions, in two of them the 0.5 Fib top matched by a 4H MA200 (orange trend-line) rejection. Right the 4H MA200 is exactly on the 0.5 Fib at around $18500. Is that your short-term...
This is an interesting finding on the 1W time-frame, showing Bitcoin (BTCUSD) within a Channel Up since December 2017 High (of the previous Cycle). Below we analyze frame by frame the similarities and differences, key pressure levels and how those can make a projection for the following months. ** Triangle.. then flush ** A key component of this is the pattern...
Since the May 31 High and the subsequent sell-off, Bitcoin (BTCUSD) has been trading within a Channel Down pattern. We've plotted the Fibonacci retracement levels and the +/- 0.5 upper and lower extensions, in order to see potential pressure points/ levels. As you see, the Channel's median (Fibonacci 0.5) has been dominating the price action with six so far...
Two weeks ago, we saw the strongest weekly volume in more than a year, fueled by the collapse of FTX. This is a good opportunity to historically examine the effect of such huge volume spikes on Bitcoin (BTCUSD). On this 1W chart, we see that such volume spikes tend to be associated with trend reversals on BTC. In recent price action in particular, we've had a...
This analysis is centered around Bitcoin's (BTCUSD) Halvings and their important to the market due to the supply shock they fundamentally deal and have done so historically and the U.S. Dollar Index (DXY being the green trend-line). On this 1W time-frame, we've applied time and horizontal Fibonacci levels on each Halving Cycle, from start to end, to classify the...
Those who follow our channel for long, know that we like to look into Bitcoin (BTCUSD) on many different time-frames for a more all-around perspective. The 3D time-frame is one of the most accurate for long-term price projections and this time is no different as since last week its MACD formed a Bearish Cross. As you see, since March 2021 we've had this formation...
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...
BTCUSD - By now the OVERALL CRYPTO SENTIMENT has become NEGATIVE with the collapse of FTX to BTCUSD. Therefore, BTCUSD is being SELL. - FUNDAMENTALLY THERE IS NO GOOD ENVIRONMENT FOR CRYPTO YET. But with the FED being NEUTRAL, CRYPTO can expect a good POSITIVE UP TREND in the future. - US CPI DATA has been released by now, it is a very NEGATIVE DATA. Due...
This is Bitcoin (BTCUSD) on the 1W time-frame, on the left displaying the 2021 - 2022 price action while on the right the 2014 - 2015. For the record we need to make clear that FTX crashed and filed for bankruptcy while Bitfinex on August 17 2015 experienced a flash crash. At the time, Bitfinex claimed to had the most liquid exchange but the flash crash was...
BTCUSD Breakout range zone, daily cloud and 21-EMA And RSI below 40
Bitcoin (BTCUSD) is having an initial bullish reaction before the U.S. session opens following a more than expected -0.5% drop on the U.S. CPI to 7.7% from 8.2% in the previous month. This reading beat the forecast by 0.3%. Is a drop to inflation truly bullish for BTC? To answer this, we should look at the previous 3 times that the CPI had a monthly fall. Since...
Here is my view for BTCUSD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Bitcoin (BTCUSD) is following the overall panic sentiment of the market after the Binance news and tested the Support Zone of the June 18 Low. A break below can set in motion a sell-off similar to that of May 09, which first hit the 1.5 Fibonacci extension and after some consolidation, moved to make the June 18 Low on the 2.0 Fibonacci extension. What stood out...
Despite today's drop, Bitcoin (BTCUSD) is still on its path of completing an Adam and Eve (A&E) pattern since the June crash, which is a formation consistent with market bottoms. In fact as we see on this analysis, which is made on the 1D time-frame, every market Bottom on BTC's previous Cycles was formed on a A&E pattern. Despite the different eras, even the RSI...
Bitcoin (BTCUSD) has been trading on a red (bearish) Supertrend on the 3D time-frame since November 2021, i.e. a year. If the price breaks above 23k, this very reliable indicator will turn green (bullish) again. On this time-frame in particular, it has the highest historic accuracy. With inflation being the cause of this 2022 Bear Market so far (asset wide), a...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.