Bitcoin / Euro
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...
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...
Last year was characterized by a tightening of monetary policy as higher interest rates were introduced to combat rising inflation. As a result, investors became disillusioned with risky assets, including growth stocks and cryptocurrencies. Even bitcoin suffered a crushing defeat, falling 65% in 2022. But things may be changing for the better, as bitcoin jumped...
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...
On several socials I've seen a lot of people talking about Bitcoin and the weekly death cross which is about to happen. A death cross occurs when the 50 period SMA crosses under the 200 period SMA. We've seen it happen often on the daily chart, but never before on the weekly chart. White: 50-week SMA Yellow: 200-week SMA A lot of people are very afraid of the...
Is it possible to provide an indication that pre-empts the classic "death cross"? Traders use different systems to judge the market outlook on patterns, as well as an important indication for them. It is perfectly normal that someone can be wrong, and someone will be lucky to read the market correctly. This post is about anticipatory indication and prejudice....
Progressive resistance and daily bearish divergence approaching weekly death cross signals a probable trend reversal to the downside for up to several weeks or months.
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...
If you are in this game for the long-run, you are wise to know that the market moves in cycles, red and green. We have long-term cycles and short-term cycles. We have bearish waves within bullish cycles and bullish waves within bearish cycles... It goes on and on. If a major crash is ahead, we will call it or consider it just what it is, another bearish...
Bitcoin will hit $45k-$50k at the end of Q1 or shortly after. It will then head significantly lower and retest current levels until the next "halving" occurs, after which it will move to a new ATH. Nobody will trade this move long from right here, all of you will buy in at 35k+, this is a bull trap but it doesn't have to be. Buy now, take your 2x profits, sell at...
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...
Looks like Trading view killed some data for this chart we lost lost of content. So we are back to 0 We are right in hard resitance here, which matches the bear market unfortunately. The only hope is a strong rally by BTC to 26-30k Otherwise we will fade. Update with regards to NFT work, it is moving along, don't give up on the space. Watch the macro news, that...
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...
You can find 1:1 relationships everywhere. As shown on this chart, the relationship (between Bitcoin and gold) is one-to-one. Primary Bull Market (there are traces and shadows of it everywhere): As I've warned before, the bear is officially over.
BTC still in that ascending broadening wedge we all know it's bearish right? Ain't that right? Right?
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...
We first called the crypto short on October 15th, 2021. Today, we are adding to the short position. Sadly, many have been deceived by the crypto hysteria. NOT US! Acts 19:19
I designed this indicator based on the ratio of Onchain volume to transaction. This indicator can be used to detect the top and bottom of the market. Find the explanation related to this indicator in the link below: This Cycle can be a test of the performance of this indicator. This indicator shows the approximate conditions of the bottom of the market in the...