Bitcoin / Euro
Bitcoin (BTCUSD) is rebounding aggressively after the LMACD on the 1W time-frame hit and bounced on its historic Support that formed the 2015 and 2018 Cycle bottoms. This suggests that the new Bull Cycle has begun and to keep a better perspective, we have plotted the Geometric shapes from bottom-to-top. Along with the Ichimoku Cloud and Fibonacci MAs, they paint...
Investments are neither complex nor difficult. There is a set of golden rules that help investors stay on track to achieve their ultimate financial goals. When it comes to money management, investments play a key role in creating wealth. At first, it can be difficult for you to decide which product to choose, where to invest, how much to keep, and so on. But as...
We only look at Bitcoin (BTCUSD) on the monthly time-frame when it is necessary to keep a long-term perspective and not miss the big picture. This is one of those times as the monthly (1M) candle, following January's hyper strong rise and impressive start to the year, is now testing the 1M MA50 (blue trend-line). This is a critical Resistance and last time BTC...
This week things are very simple and the stakes are very high. In every significant timeframe, you can see how BTC is at a pivotal point but none other than the 1-week time frame gives us a better view. In this time frame alone you can see Bitcoin price having to overcome the 50MA (yellow wavy line), the 200MA (white wavy line), long-time support (thick straight...
Bitcoin is still in bullish territory but is currently showing some weakness at resistance. Trading under 22.7 is an excellent criterion to de-risk and wait to reclaim above it. While under the ideal bidding, price levels sit at 20.7 or 19.8. Funding Rates look bearish but are the only datapoint in don't like. check the FULL video for my broader analysis!...
This is not the first time we look into the Super Cycle Theory, which is the idea that Bitcoin (BTCUSD) may have just finished its 2nd Cycle instead of the traditional notion of the Four Cycles driven by the Halvings. It is however the first time we look into it using the U.S. Dollar Index (DXY) and our favorite CN02/CN20Y ration (Chinese Bond Yields 02Y/20Y). As...
*Important - Once majority bashes crypto and calls it a scam calling for lower targets (like how many did in 2018 and missed out), that is when I will be all in! Whales/elites will not miss any opportunities into making money. They simply buy the fear, hype up the market, take profit and crash it again after taking profit. Instead of beating then, lets ride with...
After very turbulent days, we have reached a point where bitcoin slowly crawls from high to high. We slightly adjusted our count, we estimate that the high of 23’353$ (21 January!) was the wave (i) high. This adjustment was made because the chart movements since then are straight up “awful” and resemble corrective waves, as the Elliot wave theory suggests. For...
Just throwing out my favorite monthly chart to end the month
Hello traders, I hope you all are doing great. In this update, I am gonna answer all your doubts related to Bitcoin. Out of all the DMs, I have short-listed three questions, 1) Where BTC is heading next? 2) When are we gonna see a bull run in the market? and 3) What is the support and resistance for BTC? Before we begin, let me clarify that this update is based...
looking at this from a EW outlook, we can see 5 waves into supply zone (9-10k) is in play.. gl
Next target might be $30k, half way there already. We might not go there in a straight line (might have a dip or two in between), but we might as well go fast there! What happens next will be revealed later Might, Could, Would, not financial advice
Bitcoin has formed a Head and Shoulders pattern following the break-out below the Channel Up and the MA50 4H. Trading Plan: 1. Sell as long as the price is under the 23500 neckline. 2. Buy above the 23500 neckline. 3. Further Sell under 22300. Targets: 1. 22500 (top of Support 1). 2. 25400 (representing a +13.10% rise, a norm during this rally). 3. 20500 (top of...
BTC is in a good setup for a head and shoulders to the downside. The head and shoulders is a bearish pattern where the price bounces and returns to the "Neckline" support level the 3 times with the final return resulting in a break of neckline support. How to spot The easiest way to spot a head and shoulders is to find a support level that the price is...
A scenario I've been watching. With the way the world is, it could be a possibility. Alternative would be...we have completed wave A of a large correction and currently on B. Either way, let's keep our eyes peeled and move with the money. I'm new to sharing here on TV, so not sure what more to add that isn't on the chart. Ask any questions below ✌🏻
Bitcoin continues trading below MA200 since August 2022 for the first time ever. Bitcoin never stays below this level on the weekly timeframe. The good news is that EMA300, the grey line on the chart, has been conquered since 9-January and this opens the doors for long-term growth. The next barrier is set at MA200 which is also matching EMA50 around $24,843 -...
hai every one ,btc rejected a major trendline in 5 years history , and 50 MA also rejected that has been a major support about 10 years.
Hi there! i think BTC is due for a correction as it has formed a similar pattern in last year. We could absolutely have a bounce to the upside, but sooner or later a correction has to happen. Hopefully we only see a correction to the bottom of rising wedge and not to 18K levels. Confirmed also by bearish div. on RSI and MACD cross. Stay safe!