This is a short, mostly illustrative study that makes a good argument of how Bitcoin acted as a Safe Haven during the Iran Conflict. In doing so I am comparing Bitcoin to Gold, which is the traditional standard of Safe Haven. I don't want to go into much detail through the timeline of the Iran Conflict, as the chart comparison is pretty explanatory itself. You...
This will be a short analysis and the indicator I am using couldn't make the picture much more clear. The Bollinger Bands Width (BBW), when Bitcoin is in a Bull Cycle, indicates periods of high volatility and accumulation. We see on the chart that at the moment the price is in on an extended consolidation process after the June top, which relative to the 2015/16...
Bitcoin is now near the top of the Channel Down that started after June's 2019 peak, about to test the Lower High trend line. This should come as no surprise as since the drop on November 22nd, the Channel pointed towards a Lower High above $8000 as I posted on the idea below: So what are the scenarios now? Well if the price is rejected below the Lower High...
i mentioned 3 possible major prices that bitcoin hopefully will meet it take care
New year for Bitcoin and a whole new possibilities ahead. On this study I will share my 2020 year-end projection. There is no better place to start with than using the previous Bull Cycle, namely the start of it (2016 - 2017), as a reference point. *The time from All Time Highs (ATH) to ATH test* I think it is useful to point out that during the previous BTC...
here is my last view with bank data !! let see what happen next !! good luck , i will buy in bank level buy zone how about you ? if not you will lose your capital soon
First of all allow me to start off with wishing everyone a Happy New Year and a prosperous and profitable 2020 ahead! Now, Bitcoin is just picking up right where we last left it. Consolidation, nothing more nothing less (see my previous BTC study on this accumulation at the end of this text). There certain criteria that will favor the Bull Case and other that...
Before starting my analysis I want to wish everyone Merry Christmas ! Now, I have made this chart in an attempt to put all correlating factors of Bitcoin's previous and current cycle into perspective. The parameters that I am focusing on are the MA150/200, the Cycles' High Volatility Zone, the 2nd and 3rd Halvings and the LMACD. *MA150/200 Buy Zone* I don't...
Just a quick reminder on the position Bitcoin is at on its long term cycle. As the title says there are just too many bullish indicators at this stage to ignore if you are a long term BTC investors. That doesn't mean that the price "can't" drop lower e.g. 5 - 5.5k but after the June decline and given Bitcoin's long term trend, we won't have too many opportunities...
I rarely look at short term set-ups but I cannot overlook this pattern. The recent rebound on the 1D Support Zone (6,515 - 6,420) has so far found Resistance and rejected on the 4H MA200 (orange line). That made a new Lower High on a pattern that appears to be a Descending Triangle. Typically I expect a continuation of the downward sequence towards the 1D...
BTC/USD LONG Entry 1 6,515 ENTRY 3 6,358 Sl 6,000 Tp.1 7250 Tp.2 8000 Tp.3 8,600 Tp.4 9,400
Even though I've done various comparisons of Bitcoin to other traditional assets like indices, commodities and stocks (see the bottom of this study for ideas), the current one is more out of curiosity to see what the public sentiment is like (especially now that BTC is on decline) among cryptocurrency traders when it comes to Bubbles. As you see on the main chart...
BTC/USD LONG Set Up (CHART BITMEX:XBTUSD) by MavRich_Trading BTC/USD BUY LIMIT ENTRY 1 6,786 Entry 2 6,538 ENTRY 3 6,358 Sl 6,000 Tp.1 7400 Tp.2 8000 Tp.3 8,600 Tp.4 9,400
Undeniably both fractals look similar. The November - December 2018 sequence with the November - December 2019 sequence. The first provided the bottom of the latest Bear Cycle. Can the current one provide the bottom of the June correction? This is what I will address on this study. Let's start off with the similarities of the two sequences: *It all starts...
I have been into ETHUSD for a very long time and was always interested at the fundamental similarities with BTCUSD. I always thought that Ethereum was repeating Bitcoin's first Cycle and even published this study: I am not going to go into much detail on this analysis. The candle action resemblance of ETH with BTC's first cycle is striking. I am gonna leave...
Yes the title may be catchy but as you'll see in this study, both features (LMACD and Triangles) draw a very accurate mid-term trading pattern for Bitcoin. *The LMACD* We have analyzed the LMACD indicator numerous times (see the charts at the bottom of this study) and has helped us identify buy and sell entries with great consistency within the Channel Down...
BTC/USD BUY LIMIT ENTRY 1 6,358 Entry 2 6,268 Sl 6,120 Tp.1 6,700 Tp.2 7,000 Tp.3 7,350 Tp.4 7,700