Well eventually all projections for a $6500 price on Bitcoin have proved to be correct. The following study in particular came incredibly close to estimating 6500 on December 1:
*The 4th contact sell-off*
What I want to focus on today is an analysis I posted 5 days ago (see the chart right below) when the price was at 8200 showing that a break below the...
Again yet another decline on Bitcoin had traders surprised. We shouldn't be surprised. The signs were there illustrated by very precise indicators.
Clear Sell Signals like the LMACD cross signal while the price was still trading at $9200:
Or the more recent where the former Support turned into a Resistance, the 4H MA50 kept the Lower High trend line intact...
It is beyond obvious that Bitcoin is on a critical 'make or break' level. The President Xi candle (price jumped from 7,350 to 10,500) failed to initiate a new Bull run, trapping retail longs in the process.
*The black and yellow Higher Low trend lines*
The price is now testing the February Higher Low trend line (yellow line) on the first important Support test...
Following the continuation of Bitcoin's November correction (to what is otherwise known as President's pump to $10500) towards my first $8400 target based on the following LMACD cross Sell Signal:
I thought it would be productive to see if the wider +4 month correction (since the $13800 late June Top) is related to the upcoming May 2020 Halving. In doing so,...
I will keep things very simple this time in my attempt to determine if we have started a new Bulls Cycle on the Alt Coins.
On this chart I compare Bitcoin to Alts Dominance.
It seems quite obvious to me that when a certain patterns form both on BTC and ALTS at the same time, a new Alt Season starts. What are those? For Bitcoin you may treat the formation as a...
Bitcoin is in a very unique place as it's dominance chart is correlating heavily with gold which also affects BTC's price in the same direction. The S&P 500 surprised institutions after breaking new highs and continuing the 12-year bull cycle, it seems as if liquidity is flowing slowly away from the storage-of-value hedges like Gold and Bitcoin back into...
Hello Traders,
We're seeing a lot of confluence on BTCUSD (more than one analysis method give the same trade signal which often lead to greater accuracy).
Confluence 1. Resistance Become Support
The last lower high in a downtrend often become a good support level if it breaks (price makes a higher high) and price retrace to that level.
Confluence 2....
Good day,
Selling XBTUSD between 9450-9500$ with stoploss ~ 9630$
Take profit #1 - 8950$
Take profit #2 - 8530$
idea invalidated with 4H close and open above 9630$ .
#RR ratio ~ 7
Good luck,
Stay safe.
On today's BTCUSD analysis I stay on the medium term, looking at the 1D chart and what trading signals this pattern can provide.
Since the June 26th market top, Bitcoin as entered into a very structured Channel Down (basically extending into the 1W time frame). This pattern has never broken actively (only marginal break outs whose candles still closed within the...
This is just a simple long term observation on Bitcoin's 1M chart using two indicators that have previously never failed to keep the long term trend bullish and basically start the final (and more aggressive) stage of the Bull Cycle.
MA10/20 cross and RSI
This combination involves the MA10/20 cross and the RSI within the 66-70 zone. During the previous 2 Bull...
The Descending Triangle on 4H is testing the 8900 Support that was made right after Saturday's 10500 peak. At the same time the Triangle is just below the Lower High trend line with no room for extension so a break out will come either way.
What are the scenarios?
* If the Triangle breaks to the upside, I am expecting a 0.618 Fibonacci rebound before a -12%...
The past three days have been more than crazy with Bitcoin soaring 40% following the comments of China's President Xi. Saturday's 26th candle printed a rare formation with more than 50% retrace on closing from the daily high. I thought it would be useful to see how this rare candle pattern traded in the past.
Since 2012 I managed to find another 5 occasions of...
A lot of talk is being made recently regarding the Death Cross of Bitcoin on the 1D chart. Today's extreme spike appears to be ignoring this usually bearish formation and I thought it would be productive to see how the 1D Death Cross pattern has traded in the past, both in Bull and Bear Cycles.
2018 (Bear Cycle)
I start with the obvious comparison with the...
Well you can't say today's flush wasn't expected. After all the signs have been pretty clear lately and I tried to put the into context with my latest studies (see the most important of those at the end of this analysis).
I do not want to get into much detail as I rarely comment on short term price action. However there are a few points that stand out and wish to...
Following the latest analysis on Bitcoin's Symmetrical Cycles (2017/18 vs 2019) on the 1M chart (you can find it at the bottom of this study), I have decided to take the research one step further and attempt to time the bottom of the current correction.
In doing so I have scaled down to the 1D chart using again the MA1000 and MA1400 periods as the long term Buy...
My recent long term analyses on Bitcoin were focused on the $6000 region as a potential buy and more particularly the demand zone that certain Moving Averages (among other technical indicators) provided around this region. The first studies were centered on the 1D and 1W time frames (shown just below), this time I take it a step further on the wider 1M time...
The technical analysis is a simple method of market analysis,
but when we talk about BTC (especially BTC), we must look beyond standart trendlines, indicators and other instruments ot technical analysis!
What the TA show us?
In the last months we have strong downtrend and by the TA rules, we have to looking for short positions!
If we focus around these days...
