Bitcoin has tested the 22K resistance area and rejected it followed by a new sell signal at 21,170. The environment and price structure both favor lower lows still. A break of the 17K low and test of the 14K support are still scenarios that are possible for the coming week. How best to use this information? First, it is important to comprehend that trade...
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...
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...
Bitcoincash on a 100 buks in 2022 i letterly insane. Never tought to see 100 bucks ever again. Those who are looking for an entry point, you got one now... I basically piss a 100 bucks, im buying no doubt! What a world... 😆
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...
Bitcoin (BTCUSD) is under heavy volatility as ever since the June 18 Low, the price attempted a short-term rebound only to be rejected on the 4H MA100. An overlooked parallel lines pattern as well as a Bearish Cross may give as a clue to where we are compared to the bottom of the previous Cycle. ** The peculiar pattern ** First of all, see the parallel...
Bitcoin SV (BSVBTC) is likely to have completed its correction based on the volume profile. We can see high volume on the "B wave" while volume is much lower on "C wave". The fact that BSVBTC dropped by 97% and there is a strong long-term bullish divergence with the RSI also supports our statement above... Only time wil tell of course. We have a short-term...
Bitcoins Monthly RSI..... looks beautiful :) but who knows
Bitcoin Next Bull Run Target will be $200k+ BTCUSDT Big Accumulation zone For Long Term Players. Always Big Players Tweeted when Bought #Bitcoin at Top ( $40k/$50k ) but now No one Posting that's Mean Buying More #bitcoins Be Smart And Invest With Patience.
#Bitcoin Next Bull Run Target will be $200k+ #BTCUSDT Big Accumulation zone For Long Term Players. Always Big Players Tweeted when Bought #Bitcoin at Top ( $40k/$50k ) but now No one Posting that's Mean Buying More #bitcoins Be Smart And Invest With Patience.
Bitcoin (BTCUSD) made a historic first in Cyclical terms as it broke yesterday the Top of the previous Cycle (Dec 2017). It did so within a Channel Down pattern on the short-term 4H time-frame. So what's next for the immediate price action? Well as long as the Channel Down is intact, BTC should trade lower within it. As I mentioned on my previous analysis, the...
Bitcoin dominance price at resistance and this might give altcoins a relief rally.. a much needed relief rally to say the east as the market has taken such a beating. Nasdaq has risen today, bitcoin hasn't, alts are doing better but a much bigegr correction could be next.. Let's see how this weekend plays out. One Love, the FXPROFESSOR
Bitcoin Cash hits a new All-Time Low while at the same time hits oversold on the RSI. We have a strong bullish divergence with the MACD. Based on other market factors not visible on this chart, we believe that Bitcoin Cash can bounce at this support level. The last low around $107 should be the stop-loss in a manual way as we use it. Any trading above this...
Bitcoin (BTCUSD) is now below its 1W MA200 (orange trend-line) for the first time since the March 2020 COVID crash. As I've mentioned numerous times, that has been the trend-line that marked the bottoms on both previous BTC Bear Cycles (all candles closed above). On this analysis, I am extending my previous publications on this Support by adding a variety of...
Bitcoin Cash vs Bitcoin (BCHBTC) just hit a new All-Time Low while trading within a descending channel. We believe that this new low will work as support and can lead to a trend reversal. The last low at 0.005210 should work as the stop-loss. A full candle close below this level and the above analysis is invalidated. Trading above this level opens the door for...
BITCOIN USDT Looks like a head and shoulders pattern
Bitcoin (BTCUSD) finally hit the 1W MA200 (orange trend-line), which as I outlined on numerous analyses previously, has been the Support and bottom formation on every Bear Cycle, hence the ultimate buy level. What's also very interesting this week though, is that the 1W RSI hit the 27.40 mark, which is the lowest ever recorded level! On the bright side, the 1W...