Bitcoin / Euro
Bitcoin is down approximately 5% from its high of $24 258. At the moment, we are paying close attention to the price trading near the 20-day SMA. If the price breaks and holds below this moving average (acting as a support), it will bolster bearish odds and hint at a potential trend reversal. Simultaneously, to support a thesis about the reversal, we would like to...
Are you still waiting for 50K? While this kind of forecast is completely unrealistic and out of range, it is ESPECIALLY so in light of the new SELL SIGNAL that has appeared off of the 24K resistance following Friday's NFP outcome. As I wrote in my previous analysis, when 5 waves can be clearly counted, the move has likely run out of steam. While this is still a...
On the previous analysis we talked about Bitcoin's (BTCUSD) emerging Golden Cross on the 1D time-frame and how it is clashing with the emerging Death Cross on the 1W time-frame. Well the 1D Golden Cross has been formed today and automatically draws our attention to the 1D Golden Cross of April 23 2019. This was formed just after the early 2019 rally begun. So the...
We have used the Supertrend indicator on Bitcoin (BTCUSD) extensively, especially on lower time-frames with great accuracy. This time we take a look on the 1W chart where the Supertrend has been green since the second trading week of January. Throughout BTC's history every time the Supertrend turned green after such an RSI rebound, the bottom of the Bear Cycle was...
Hello traders, Dexter here with another update on BTC. This time we will analyze the chart in 3 days timeframe. BTC broke out above the resistance trendline 18 days ago and since then it is swinging in between the support and resistance of $21.5k & $25k. The breakout does look bullish but until and unless BTC breaks above the $25k resistance, we cannot confirm...
The evidence suggests that only a very small proportion of day traders makes money year over year. There are certain patterns which may separate profitable traders from those who ultimately lose money. And indeed, there is one particular mistake that in our experience gets repeated time and time again. What is the single most important mistake that led to...
I've being bearish on BTCUSD for a long time. However recently the market structure shifted. Only one shift to the upside so we are not in a real uptrend yet, and it's possible to see further distribution. However until that PL holds, I'll be more bullish overall.
Bitcoin continues with its sideways consolidation and as this happens the altcoins are starting to grow. It is the turn for the medium and small sized altcoins based on market capitalization. The altcoins moving ahead is a bullish signal for Bitcoin. The Altcoins vs Bitcoin (ALTSBTC) pairs are the interesting ones at this point and moving ahead but feel free...
Hello,Traders! BITCOIN is trading in an Uptrend so we are bullish Biased and the coin is already Making a bullish rebound So I think a further move up Is coming soon Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
As we can see on the Daily timeframe looking at the RSI & MACD, $BTC is beginning to show signs of a pullback in the cards to the $18K - $21K Region around February 13. As long as $BTC can hold in that price range of $18K - $21K, there is no need to worry The Daily Chart is showing a Golden Cross forming for the first time since September 2021, which is good for...
Ok, I'll humor you all for a moment here and take a look at the expanded flat scenario on BTC. Personally, I am not a fan of this because it means we will see NEW LOWS by the end of THIS YEAR . First off, nobody really wants that right now. There's still a lot of bears in disbelief and there are so many out there that have missed on insane profit opportunities...
My bias of BTCUSD is now bullish and this secondary pullback will probably be one of the last chances you may get before the market takes off. This message is a future love letter to myself and my students to show what is possible through the eyes of mathematics and the unique relationship between price and time. My personal confidence in this forecast is around...
Bitcoin weekly after a breakout of the falling wedge, which is a bullish pattern, the price climbed to the resistance level which we mentioned in the last weekly report which you can see in the link below. The issue is most of the volume on this powerful breakout was short covering and short squeeze, not the real buy-and-hold volume. At the moment weekly volume is...
TD Sequential has formed a reversal signal upwards (4H TF) BTC decreased significantly after the divergence, I expect reversal and continuation of growth.
Hello traders, Everything is clear on the chart for you like always. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me.
The bitcoin market operates in repeating cycles, like clockwork. The left chart shows Bitcoin's performance in April 2019, after a significant increase, taking it out of a capitulation range. The right chart displays the current situation, and the strategy so far has been straightforward: just look at history. If the cycle repeats, we can expect a breakout in...
So here we are with a continuation of a bearish outlook. In option 1 BTC retraces to around $20,000 and then tries to retake the 200 MA and succeeds. This is a Goldilocks + Moonboys scenario. In option 2 BTC suffers further losses and retests its previous low and breaks it to retest the previous $10,000 levels. I think this is the more likely scenario. Notice...
Weekly -Taking a look at Weekly we can clearly see Bitcoin has been on a tear these past few weeks leaving many asking when will be the next opportunity to buy back in - It's important to know that on the weekly closure of Jan 23 we closed above the Weekly EQ level that formed the swing we are currently trading within - So where does this leave us now? -Well with...