newbitcoinuser1

newbitcoinuser1

Hi Tradingview Crypto community! Today has been a day when the second weekly Bitcoin candle has closed above 21 EMA. This scenario indicating about the potential change in the trend from bearish to bullish. However, I would not rush to make such conclusion yet. We would need to see what the Bitcoin price will do in the next few weeks. Although there is a...

newbitcoinuser1

Hi Crypto community! Today I am sharing my idea with a view on the most recent Bitcoin upside run. There is a lot of sentiment in the market where's people believe that Bitcoin bear market is over. Rather than voicing my personal biased opinion, I would like to analyse the Bitcoin price chart, see what it is doing and share some facts about a potential trend...

newbitcoinuser1

Hi Tradingview Crypto community! Today I would like to share my TA idea and explain why I think Bitcoin is still due for 50% capitulation. After doing a technical analysis of the previous bear cycle of 2018-2019 it has been spotted that Bitcoin is following the previous price pattern almost like for like. I have copied & pasted it, and overlaid it over the...

newbitcoinuser1

Hey Tradingview Crypto community! I am back with my Technical Analysis on Bitcoin. Today I am going to share with you a few reasons why I believe that the latest Bitcoin run is a fake "suckers rally" and a short-lived bulls market pump. Reason 1: Looking at the Bitcoin Futures Long vs Shorts positions, there was a huge number of bears trying to short market...

newbitcoinuser1

Hi Tradingview Crypto community! We have stepped into New 2023 Year and today I would like to list and share the most common reasons why new crypto beginners are getting “rekt” and end up losing money. Whatever your crypto investment or trading strategy is, these should be considered as a priority. Once you address these mistakes first, you will be able to make...

newbitcoinuser1

The last few months and since June when Bitcoin has made its local bottom, its price has been moving in the sideway direction within the range between $18k and $22K. It feels like after dropping 75% below its All Time High value the volatility has exhausted itself. Hence why, Bitcoin has no more fuel (at least for now) to push its price to significantly higher...

newbitcoinuser1

Hey Tradingview Crypto community! I have started my daily DCA into Bitcoin after realising that its price is sitting just below or around its fair/true value that is measured with 200 Daily Simple Moving Average on a weekly timeframe. With true value of Bitcoin being at $22,496.70 its current price is sitting just below at the moment. The price of Bitcoin...

newbitcoinuser1

Hey Crypto Community! In this idea I am sharing my Bitcoin CME gaps technical analysis. Bitcoin downtrend has managed to close most CME gaps in the range between $24k and $40k that were left behind. There are last three CME gaps to be closed before bottoming out: $18,200 $11,200 $9,700 On the way down Bitcoin has created a couple of new CME gaps at $27,200...

newbitcoinuser1

Hey Tradingview Crypto community, Today I am sharing one of many indicators confirming that Bitcoin has not reached its capitulation phase. Despite the price of Bitcoin is fluctuating above and below $30k level, I believe that it is due for a further decline in the short to mid term. The first indicator is 200 Day Moving Average that has been a strong support...

newbitcoinuser1

Hi Crypto Community, In my following ideas I will be sharing few indicators and buy signals for Bitcoin which are indicating that we are very close to its final capitulation zone. It might not happen in the next day or so, but most likely that Bitcoin will find its bottom between now and November 2022. The most important indicator showing that we are near the...

newbitcoinuser1

Hey Crypto Community! Following the UST/LUNA and related FUD events last week Bitcoin has dropped from $35,000 all the way down to $25,200. It has re-bounced back to $30,000 level on the following day and is currently trying to re-test significant resistance level of $30,000. It is important to monitor crypto markets tomorrow and see at which level Bitcoin...

newbitcoinuser1

Hey Tradingview crypto community! Today I am sharing a couple of more ideas confirming that the price of Bitcoin is due for a further slip to the downside. First of all, I would like to bring to your attention a bearish flag pattern formation on the daily timeframe of Bitcoin chart. After some sideway moves within the band of this bearish flag, we are finally...

newbitcoinuser1

Hey Tradingview crypto community! Today I would like to share my TA on the price of Bitcoin and explain why I believe that it is in the bear downtrend teritorry. In this idea I have my focus on the following few scenarios: 1. Looking at the weekly Relative Strength Index, we can see that there is a bearish divergence with RSI trending down and is...