This is a chart on the 1W time-frame of Bitcoin (BTCUSD) and Litecoin (LTCUSD). This is not the first time we do this analysis, those who follow for long will know that during the previous BTC Cycle, right when it was consolidating after the December 2018 bottom, we used LTC's price action to identify similarities with historic price runs. And yes, in the past...
Bitcoin (BTCUSD) is falling back after the Fed's +0.75% Rate Hike and Powell's press conference. From a technical perspective on the 1H time-frame, the price remains within a Channel Down pattern (blue) since the October 29 High but on the longer term within a Channel Up (dashed lines) since the October 13 Low. We can see an interesting finding on this chart as...
BTCUSD intraday trading alert 3 steps must fulfill before entry 1. 1st breakout done 2. Retracement done 3. 2nd breakout and see you in the home ⬇︎ More info in my profile.. Good luck traders..
This is Bitcoin (BTCUSD) against the U.S. Dollar Index (DXY) on the monthly chart. It is obvious how the two are (naturally) negatively correlated. When the DXY rises (green channel), BTC enters a Bear Cycle (red channel), when the DXY trades sideways (blue), BTC accumulates and starts the new Bull Cycle (blue), when DXY falls (red), BTC registers the 1 year...
This is Bitcoin (BTCUSD) on the 1W time-frame displaying all of its Cycles historically. I've used the Fibonacci Channel extensions to identify any possible correlations and how this can create a roadmap moving forward and project the next Cycle. To start putting the chart's indicators into perspective, the 1W MA50 is the blue trend-line, the 1W MA200 the orange,...
Bitcoin hit the 1D MA100 (green) last week for the first time in 1.5 month with the 1D RSI crossing above the Lower Highs trendline that started on January 05 2021. We have seen similar RSI Lower Highs breakouts in all previous Bear Cycles, namely on February 16 2019 and June 13 2015. Common characteristic is that the RSI breakout happened at the same time with a...
This is Bitcoin (BTCUSD) on the 1W time-frame, where we will be basically adding elements and making an extension of our June 17 idea that projected the bottom on the 1W MA300 (red trend-line): As you see, BTC hit the 1W MA300, the Ultimate Support Band as we called it and since then traded sideways in our designated Bottom Phase. On the current analysis, we...
Here is my view for BTCUSD on H4. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Bitcoin (BTCUSD) is having an impressive two-day bullish stretch as it is up +8.00% from yesterday's Low. The first key development that this price action gave us is that it broke above the Lower Highs trend-line that started on the August 15 High and as we mentioned 2 weeks ago on the following post, was dictating the pace of this corrective wave: Now the...
This chart represents Bitcoin (BTCUSD) on the 1W time-frame. With the price action sideways for a whole month, holding the 1W MA300 (red trend-line) as Support, comparisons with past Cycles in order to determine whether we've priced the bottom or not, are inevitable. The comparison of the current Bear Cycle to the past two, leaves us with one main impression: how...
Bitcoin (BTCUSD) has been consolidating throughout the whole month of October so far and as the short-term direction is neutral, it is useful to look again on the long-term charts to get a better understanding of where we might be at compared to previous Cycles. ** The 2W MA150 supporting ** This time I bring you this analysis on the 2W time-frame. Key points...
*** *** For this particular analysis on Bitcoin we are using the BTCUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where Bitcoin ( BTCUSD ) is about to confirm or invalidate a very accurate signal provided by the RSI throughout the whole 2022. As you see, the RSI is currently supported on a Higher Lows trend-line that started on...
Bitcoin (BTCUSD) is getting at that point where, based on its previous two Cycles, will provide a decisive move in the next weeks, as presented to you on this 1W time-frame analysis. The three charts represent Bitcoin's three Bear Cycles: 2021/22, 2018/19 and 2014/15 as they appear from left to right. The LMACD indicator (logarithmic MACD) is what makes most of...
Following the CPI release this week, the 3rd straight month of decreasing numbers with potentially high implications on the USD, I thought it would be relevant to look at the U.S. Dollar Index (DXY) and how it's current state can affect Bitcoin (BTCUSD) relative to key turning points and correlations of the past. ** Bitcoin's Bull and Bear against the Dollar **...
BTC got rejection from 19500$ level, price saw a good spike in price but it did not able to sustain it. Next support 18500$ to 18300$.. For a good upside move it need to close above 19500$👆 to march upward... H1 Resistance level is marked at 41.92% to 41.86% level from where the price action got rejected and and went down As the volume decrease in bitcoin which is...
Bitcoin is rebounding massively on its September Support Zone following the CPI release despite a higher than expected reading. Being still lower than the previous month, the markets strong defense reaction on this Support level may change the bearish narrative of the past two months. The immediate Resistance level is the 1D MA50 (blue trend-line) but the...
BTCUSD intraday trading alert 3 steps must fulfill before entry 1. 1st breakout done 2. Retracement done 3. 2nd breakout and see you in the home ⬇︎ More info in my profile.. Good luck traders..
As Bitcoin (BTCUSD) is struggling to break above the Lower Highs trend-line that started after its November 2021 All Time High (ATH), the RSI on the 1D time-frame has been printing (since June) a sequence similar to that of mid-July - early-Nov 2021. As you see with the candle comparisons (orange for 2021 and blue for 2022), even though the RSI patterns were...