Hello traders, hope you all are having a good weekend, Here's a quick brief news update regarding Bitcoin, cryptocurrencies undisputed KING. Bitcoin tumbles to new 18-month low as crypto sell-off accelerates. The world's largest cryptocurrency fell as much as 7.8% to $20.289, its lowest since December 2020. It has lost around 28% since Friday & more than half of...
An increasing number of long-term indicators have been showing lately that Bitcoin (BTCUSD) is past its bottom for this Bear Cycle. On this analysis I am shifting to an even longer-term time-frame, the 4W, using an overlooked but often very powerful indicator: the Williams Alligator. During the past two Cycles, the bottom was formed when the green trend-line...
This is an alternative representation of Bitcoin (BTCUSD) and its Cyclical behavior based on the long-term price action of the U.S. Dollar Index (DXY). A simple yet eye-opening approach that links BTC to the USD more than any other asset. ** Traditional Cycle Theory vs BTC/DXY Divergence/ Convergence Theory ** Traditional theory suggests that Bitcoin's current...
This is a very interesting pattern that perhaps was ignored but paints Bitcoin's (BTCUSD) whole picture during this Bear Cycle. ** Mini Channels within Main Channel Down ** As you see the dominant structure has been a Channel Down but with the use of the Fibonacci Channel levels we can see that it can be divided into two secondary (mini) ones that seem to have...
This is Bitcoin (BTCUSD) on the 1M (monthly) time-frame. I am using various indicators to plot the current position relative to past Cycles and the more you add, the closer it looks that the market has bottomed. ** The importance of the LMACD ** As we have 1 week before the end of July, the monthly candle closing can reveal a lot, particularly in terms of the...
This week's big development for Bitcoin (BTCUSD) has been the break above the 1D MA50 (blue trend-line) for the first time since April 21. On this analysis I compare the patterns of the current Bear Cycle and the past two in an attempt to find if this break can be a structured move into a sustainable recovery. First of all, the time-frame on the candles is 1D...
Bitcoin (BTCUSD) has now broken above both the 1D MA50 (green trend-line) and the 1W MA200 (orange trend-line). This is a critical benchmark as it last hit the 1D MA50 on April 21 (3 months ago exactly) and it has been trading below the 1W MA200 since the June 13 1W (weekly) candle (more than 1 month). As I've mentioned before numerous times, since the 1W MA300...
Bitcoin (BTCUSD) hit today the 1D MA50 (blue trend-line) for the first time since April 21. There are various patterns and trend-lines to consider at the moment, but mostly I want to bring forward the similarities with the November 2021 - March 2022 drop. ** Fractal comparison ** That sequence broke its 1D MA50 when first tested but pull-back back near its...
Here is my view for BTCUSD on H1. 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!
BTCUSD made a great dump for several months until it reaches the 17689.13 support zone area. Weeks passed this dump momentum has lost it run and made a beautiful uptrend movement making the buyers taking advantage of the uptrend momentum which clearly made a higher highs and higher lows. It will reach the 21500 area of resistance it is probable that it will break...
This is a very unique approach on Bitcoin (BTCUSD) where I take into consideration the wave length of the RSI on the 1W time-frame in an attempt to identify potential correlations with Cyclical behavior. The result is striking and aligns almost perfectly with Cycle Bottoms. The first step is to turn to the 1W RSI and calculate the middle of the wave length that...
Bitcoin (BTCUSD) is on the 4th straight week of sideways trading following the mid June low. By doing so, it reached the bottom (Higher Lows) trend-line of a Channel Up pattern that fits perfectly BTC's price action since April 2013. With the LMACD hitting the Support trend-line of Feb 2015, all this looks like a Cycle bottom but let's examine this more carefully...
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) failed to break above the 4H MA200 (orange trend-line) last week and the pull-back is testing the 4H MA50 (blue trend-line) today. Despite the short-term weakness, we have the completion of an encouraging pattern, the Adam & Eve (A&E). I've displayed next to today's price action, three A&E patterns from recent history (Sep 2020, March 2020, Dec...
This is an analysis of Bitcoin (BTCUSD) on the 1M (monthly) time-frame where its long-term (historic) Cycles are best viewed. This is a combination of some previous studies of mine with adding the element of Cycle Channels instead of the Parabolic Growth Curve. ** The LMACD ** As you see those also effectively depict the notion of decreasing volatility and...
Bitcoin (BTCUSD) is on the 5th straight week after the Gaussian Channel (GC) turned red on the 1W time-frame. In the past two Cycles, the market formed a bottom 6 weeks after the GC turned red on the December 10 2018 candle and 4 weeks on the January 12 2015 candle. Additionally, the 1W RSI has reversed upwards after last week's double bottom. Those formation are...
Bitcoin (BTCUSD) has started the 3rd straight week of consolidation above the 1W MA300 (red trend-line) after nearly hitting the level on the weekly candle of June 13. I've made extensive publications on the importance of this level as a Support and this time I want to elaborate on the Hyper-Cycle Theory (HCT) that reveals a progression on the extension of each...
Bitcoin (BTCUSD) has just recorded its third worst monthly closing in history amid high uncertainty not in just the crypto market but in the global economy as well, as the negative macro-economic outlook doesn't show signs of reversal yet. This chart is (naturally) on the 1M (monthly) time-frame and as you see, the June candle closed on a -37.32% loss, with only...