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Bitcoin-btcusd-btc

Bitcoin: Poised To Break 30K?Bitcoin short squeeze continues to the 30K resistance. In terms of momentum this move is significant and should shape smaller time frame strategies, BUT the bigger picture is another story. New resistance is the 31K AREA, new support is 27.5 to 28.5 AREA. Based on the new developments in price structure, I suspect a potential test of 31K BUT I believe a break is low probability. A test of the 28.5 to 27.5 support area is more likely in my opinion over the coming week. The bullish move (sparked by fake news apparently) appears to be a short squeeze. These type of moves are NOT sustainable over the long run and is nothing more than traders getting shaken out of short positions. Gold has also expressed a similar move almost touching 2K. We can sit here and entertain ourselves as to "why" this may be and why it should continue. We can also watch Youtube videos featuring rocket ships on their title thumbnails (how original!). The REALITY is interest rates are at their highs (see US10Y). As long as money is getting more expensive to borrow, the probability of Bitcoin going beyond 31K is LOW. Sure this may also be money looking for safety, but it is most likely temporary. Sustainable rallies and asset bubbles are driven by cheap money, NOT temporary catalysts based on fear. IF Bitcoin cannot clear 31K decisively over the next week, then I will be looking for the test of the newly established support 28.5 to 27.5K (see drawing on chart). I would consider shorting this to be aggressive since it is against price structure. Waiting for bullish setups around 28K would be conservative. Either way, day trades or swing trades are most appropriate at these levels, these are not attractive levels for investing. Thank you for considering my analysis and perspective.
BITSTAMP:BTCUSD
by MarcPMarkets
103
BTCUSD over the 1W MA100 again after 532 days!It has been 76 weeks (532 days) since BTCUSD traded over the 1W MA100, a Resistance finally broken this week. Even though the weekly closing is critical, this mere breakout itself, opens the way for a Bullish Cross between the MA50 and MA100. The 1W technical outlook is on excellent bullish levels (RSI = 65.377, mACD = 378.900, ADX = 35.081) increasing the high probabilities of such a Bullish Cross. The pattern is so strong that every time Bitcoin formed it, an uptrend started that never looked back and led it to the Cycle's parabolic rally (exception COVID crash which is a different set of fundamentals). Along with that pattern, the 1W MACD always formed a Bullish Cross and as you see, we may only be days away from a new one. See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
The Clearance Theory Dear Followers As an analyst I always watch the market and take a notes I would like to share one of my theorys today I did notice this pattern did happen before throw the last few years I call it the The clearance it did happen before when the market was about to move strongly toward a new direction and for making sure it will face a weak resistance the market will try to fulfill most of the pending orders before his final move it takes the pending orders and dumb it till all the major orders fulfilled, Then >>>>>>>> Good luck everyone
CRYPTOCAP:USDT.DShort
by AlQasim_Analysis
2
BITCOIN Yuan & China bonds tell you everything you need to know!This is not the first time we emphasize the strong correlation of Bitcoin (BTCUSD) with Yuan (USDCNY) and the Chinese Bond Yields (CN02Y and CN20Y). We made an analysis right in the aftermath of the FTX crash, indicating why those indicators have all aligned, paving the way for BTC's new Bull Cycle. As you see that happened and this time we incorporate two mixed elements, the USDCNY/CNY20Y (red trend-line) and the CN02Y/CN20Y (blue trend-line). ** The CN02Y/CN20Y ratio ** Every time the CN02Y/CN20Y ratio's Lower Highs broke in the past, Bitcoin started the second phase of the Bull Cycle. Typically this was achieved while BTC was within a Channel Up (green). Right now the CN02Y/CN20Y ratio is testing its Lower Highs trend-line. ** The USDCNY/CN20Y ratio ** The CN02Y/CN20Y break-out has historically taken place a little after the USDCNY/CN20Y ratio peaked and started to decline. Not unexpected based on hard economics as a cheaper currency favors capital flowing to risky assets (such as Bitcoin). Right now the USDCNY/CN20Y ratio has started to decline but not emphatically yet, even though the 2023 rally is very similar to the ratio's peak rallies of January - March 2020 and June - October 2016. ** The harmony of the Sine Waves ** It is very interesting to point out the high degree of symmetry between those CN02Y/CN20Y break-outs and USDCNY/CN20Y rejections. We have applied the Sine Waves tool on them and the trend turns out so harmonic, almost like a Cycle itself. This shows that at the bottom of the Sine Waves, it has never been a bad idea to buy historically. This mix is incredibly bullish for Bitcoin technically and it prompts to a new parabolic rally as we get closer to the next Halving, the likes of which we may have not seen in the past. But what do you think? Is this pattern good enough for you to buy when the ratio's Lower Highs break-out takes place? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
INDEX:BTCUSD
by TradingShot
13
BITCOIN The Gaussian giving one of the rarest buys you can get.Bitcoin (BTCUSD) has been trading within the (now green) Gaussian Channel since the mid-August decline. It is no surprise that it held that low and trade basically sideways as once the Gaussian turns green historically, it has signaled the phase of the bull market before the Halving. It shouldn't turn red again before the new Bear Cycle. Last time BTC dipped inside a green Gaussian Channel after breaking into while red, was in October 2019. December - January 2020 followed with a strong rise before the non-technical and outside of any model's reach Black Swan event of COVID (which is an irregularity and doesn't count on our models). As a result, such Gaussian green dip and trade is a rare buy opportunity during a Bull Cycle while prices are still relatively low. For reference, such an opportunity didn't emerge in the 2016 - 2017 Bull Cycle. Perhaps a 1W RSI at 40.00 would be the most ideal buy entry (lowest risk/ highest return). But what do you think? Is this Gaussian pattern good enough for you to buy? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
9
BITCOIN Cycle mapping like you've never seen it before!On today's Bitcoin (BTCUSD) study, we plot the historic Cycles on top one another, classifying them into different phases. This is an alternative but very useful way at looking in BTC's historic cyclical action as it offers a sound perspective regarding our current place on the Cyclical Scale. As you can see, the 2011 - 2013 Cycle is displayed in blue, the 2014 - 2017 Cycle in orange, the 2018 - 2021 Cycle in black and the current one 2022 onwards in red. The phases are: Bear (red), Accumulation (orange), 1st Rally (blue) and 2nd Rally (green). The three most recent Cycles are plotted as they are in terms of duration but the 2011 - 2013 one is stretched in order to fit the phase classifications and relate to the more recent Cycles. As a result, its Halving (1) is also moved to its respective spot. It is no coincidence then that all Halvings (1 through 4) fall close to each other on what we call "the Halving Belt". Now this Cycle display gives a sound sense of Bitcoin's Cyclical perspective in relative terms (for Cycle 1). The "we are here" vertical line reveals the respective place relative to the past Cycles. As you see, it is about to end the Accumulation Phase and as it approaches Halving 4, start the 1st Rally Phase of the Bull Cycle. So what do you think? Does this chart give a fair sense of where we are now? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
8
BTCUSD: The key to aggressive expansion.BTCUSD is neutral both on the 1W (RSI = 53.284, MACD = 507.200, ADX = 28.424)) and 1M (RSI = 49.845, MACD = 467.000, ADX = 18.857) timeframes, an encouraging outlook as it is recovering ground from the 2022 Bear Cycle. This is a chart illustrates quite accurately the Cycles of Bitcoin, transitioning from Bear to Bull and vice versa. Right now we are in the retest phase of the Bear Cycle's Support that broke in order to create the bottom. Every Cycle did that retest and in all cases it was performed on the green part (buy level) of the accumulation that preceded the Aggressive Expansion phase. If the top dashed line breaks, the Aggressive Expansion starts. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSD
by InvestingScope
6
Bitcoin - BTC comparing Alligator cross-over 1.🔴 2.⚪️ 3.🔵 4.🟢Comparing Alligator cross-over... 1.🔴 2.⚪️ 3.🔵 4.🟢... ...dear BTC and Crypto Nation👀 Will call out loud for you when next 3.🔵 occurs🚨🚨 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
BNC:BLXLong
by Crypto4Everybody
1
BTCUSD If it breaks out, it breaks out.Bitcoin / BTCUSD is testing the Falling Resistance from its All Time High. The historic cycles show that when this Resistance level breaks, it is never retested. Symmetrically wise, as shown on the 1day RSI also, we are now on that prolonged Resistance test which will decide the trend. In 2016 it broke but in 2019 it failed but that Cycle started more aggressively. Note also that this time Bitcoin is under the 1week MA100 as opposed to the other Cycles on that particular phase of the Cycle. If it breaks, will it break for good? Follow us, like the idea and leave a comment below!!
CRYPTO:BTCUSD
by TheCryptagon
4
Bitcoin Price Analysis As we delve into the analysis of Bitcoin's price, it's essential to consider the key elements that influence its trajectory. From the recent price movements, it becomes evident that Bitcoin has been following a distinct pattern. Initially, we observed a consistent upward movement, aligning with a long-term ascending trendline. However, this momentum was momentarily halted as Bitcoin encountered a formidable resistance level, leading to a brief pause. Subsequently, the cryptocurrency resumed its ascent, targeting the long-term descending trendline. This marked the beginning of a multi-month correction phase. Remarkably, the conclusion of this correction phase witnessed a sudden and sharp breakthrough of the long-term descending trendline. While this breakthrough appeared promising, it's essential to remain cautious as it may potentially be a false signal. Moreover, during this journey, Bitcoin managed to surpass a strong resistance line, which has now transformed into a formidable support line. Currently, Bitcoin is poised to confront another significant resistance level. The outcome of this encounter may dictate the cryptocurrency's future path, including the possibility of reuniting with the long-term ascending trendline. Stay tuned for further updates on Bitcoin's price dynamics as we continue to monitor this ever-evolving market. Thank you for your attention, sincerely yours, Kateryna♥️
BINANCE:BTCUSD
by RocketBomb
15
BITCOIN Cycle unlocked with Angle Theory! Can we reach 140-150k?Bitcoin (BTCUSD) is having a strong break-out day on the 1D time-frames and below but this is only on the short-term. Still it is a step in the right direction on the long-term after trading sideways in the last 6 months within the 1W MA50 (Support) and 1W MA100 (Resistance). ** Cycle Peaks and angles ** Today's study brings you the a multi-cycle depiction on the 1W time-frame of BTC since the peak of its very first Cycle at $32. Those that followed ($1250, $19800, $69800) all made contact with the Logarithmic top Growth Curve, a historic pattern that is holding since BTC's inception. It appears that every peak-to-peak measurement is roughly half of the previous peak. The automatic angle measurements on the (red) dotted lines may differ based on the screen's display and how the horizontal/ vertical axis move but on ours (and the screenshot of the idea) goes like this: 38°, 19°, 10°. We estimate a 6° angle for the new Cycle peak on the log Growth Curve. ** Next Cycle peak? ** If we take all previous Cycles and apply them to fit the new price action towards the top of the Log Growth Curve, that 6° line gives a projected Cycle peak within $140000 - 150000. It is also interesting to apply the same angle principle to the Cycle bottoms. We can see that those (green dotted lines) can also roughly be half of what the previous bottom was (though the variations are higher). The new bottom is estimated to be on a 7° angle. Remarkably the angles of the tops and bottoms of each Cycle have approximately the same measurements, indicating that despite being logarithmic within a curve, they can be viewed separately in Channels. So what do you think? Can Bitcoin reach $140-150k during this Cycle? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
2
My noisy chart. Yes, I trade these.I make these for myself and I am sharing this as-is to show how you can use alignment, geometry, price/time to capture price action with trends and pivots from intersections. I know how to read it because I built it but I hope this is proves valid confluence for others. The simple way to look at it is to follow the price , and see if it respects the trends or fails/rejects them. Pivots are marked with vertical lines and most are colored to correspond with what should be continuation/momentum. These colored areas will be great data regardless as you will be able to at minimum be able to use them as divergence (mark the price/time with a crossline) if the price does not react (change direction) that may also be data worth having because these pivots/zones are 100% meaningful. Horizontal lines can be added at all MAJOR intersections for simple price levels. You can add Fib tools and Gann fans to and from corners and intersections to build your own chart. This will also allow you to extend the chart past the current drawing limits as these trends will work for at least a few more months. COINBASE:BTCUSD BINANCE:BTCUSDT INDEX:BTCUSD Short term N Long Look I am always long on BTC big picture.
COINBASE:BTCUSDLong
by CaptBlackBeard
4
BITCOIN Don't expect any rebound as long as the USD is rising!Bitcoin (BTCUSD) failed again to break above the 1W MA200 (orange trend-line), closing instead the 1W candle in red and is pulling back. Today's study is on the 1W time-frame and compares BTC's price action through the whole year to the U.S. Dollar's (DXY). You would expect a correlation between the two but as you can see on these charts, it has gotten increasingly tighter lately. BTC's last two medium-term declines are the direct consequence of DXY's price increases. When DXY bottomed and started to rise, BTC topped and started to decline (vice verse DXY topping, BTC bottoming). Obviously a far riskier asset like Bitcoin is trading in a more aggressive pattern like a Channel Up while the more stable by nature currency is trading/ consolidating within a Megaphone. DXY the approaching the top of that Megaphone pattern, in fact it is very close to the 105.900 High of March. Having broken above its 1W MA50 (blue trend-line) this month, while BTC is still supported on its own, we can't be realistically expecting Bitcoin to rebound as long as the DXY continues to rise, unless an outside catalyst such as very favorable (adoption) news hit the market. Until then Bitcoin should seek a Support confirmation on its 1W MA50, while DXY should start forming a top in October. But what do you think? Will Bitcoin rise irrelevant of what DXY will do, or we need to see a top on the latter first? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
13
Bitcoin: Bearish And Bullish?Bitcoin has spiked back into the high 26K resistance. While this is a minor resistance, price can go EITHER way from here. So how to navigate the risk around this highly random situation? The first decision you must make is: are you conservative or aggressive? This will shape how you interpret the price action that COMES NEXT. Having a rules based system helps immensely in these situations because it removes any indecision or emotional reactions. Whether you are conservative or aggressive will make it easier to take the trade once the criteria is met, or to avoid the setup altogether WHETHER the trade has a positive outcome or NOT. This is precisely why I developed my trade scanner. It is a rules based trend following momentum reversal system. And it even tells me the stop loss and take profit levels. All I have to do is evaluate the context around the trade idea to see if it fits into a conservative or aggressive framework. For example: the broader trend on Bitcoin is still BULLISH until the 25K support is compromised. This is CONTEXT. Price has presented a double bottom and has reversed in an area where such a probability was HIGHLY likely. The trade scanner (tracking smaller time frame momentum) has been generating SHORT signals into a major support area It is at this point where you must make a judgement: Are you conservative or aggressive? If you are conservative, you should NOT take short signals going into a major support. While it can work, the probability of a positive outcome is smaller. If you are aggressive, you can consider these highly risky trades, KNOWING that probability is working against you. This requires heavy monitoring and being quick to exit the trade BEFORE the stop is reached if momentum is not following through. Aggressive trades should be taken on PAPER if you are a beginner. As of now, the trade scanner has generated a number of short signals across alt coins like Litecoin, Polygon and a few others. Bitcoin is also in a position where IF 26,200 is taken out, and momentum follows through, a test of the 25K low MAY be tested AGAIN. While this is all well and good, we must NOT overlook the broader context: price still flirts with a major support. IF price takes out 26,850 area, a squeeze can potentially push into the 28K area. Which side do you choose? Are you conservative or aggressive? Its NOT about accurately FORECASTING the future because markets are MOSTLY random. It is about considering a number of scenarios and ADJUSTING expectations and risk as price provides NEW information. If you're confused, stay out altogether. Protecting capital is the number one priority ESPECIALLY in this extremely conflicted economic environment. Use this time to learn the reality of how markets work so that when the markets get better, you are prepared and confident. Thank you for considering my analysis and perspective.
BITSTAMP:BTCUSD
by MarcPMarkets
5
BITCOIN Above the 4H MA200 starting to test the Resistances.Bitcoin (BTCUSD) broke yesterday above the 4H MA200 (orange trend-line) for the first time since August 09. This was a critical Resistance as it made the emphatic August 29 rejection in the Greyscale aftermath. With the 4H MA50's (blue trend-line) support, the price has now started to test the Resistance levels one by one with the first being the Lower Highs 1 trend-line that has been in effect since the August 08 High. If BTC closes a 1D candle above it, we will have the first bullish break-out signal and we will buy targeting the 0.382 Fibonacci level and Lower Highs 2 trend-line at 27550. This trend-line has been in effect since the annual High of July 13. Note that if this target is achieved, BTC will most likely form a Golden Cross on the 4H time-frame (would be the first since June 22). Beyond that, we will only engage in buying if a 1D candle is closed above the 1D MA100 (red trend-line), a key level which is located slightly above Resistance 1 (28150) and slightly below the 0.5 Fibonacci. In that case our target will be 30220 (Resistance 2), marginally below Fibonacci 0.786. Among all this, notice the significant Bullish Divergence that has been unfolding on the RSI, which has been on Higher Lows while Bitcoin traded on Lower Lows. So what do you think about this critical test of the 4H MA200? Is it the first Resistance to break and many more will follow? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
8
Bitcoin: 25K Support Vulnerable.Lower highs often lead to lower lows. If 25K is cleared on Bitcoin, 22K becomes the next relevant support area. Situations like this can be very confusing, but in this article I will explain the mental framework I utilize to effectively shape expectations and manage risk when facing technical conflicts. First we must ALWAYS accept the fact that markets are MOSTLY RANDOM. I do NOT expect to "forecast" a market which implies a degree of certainty. Instead I attempt to assign loose probabilities to scenarios based upon clues that are present on the chart. The confusion comes in when price is flirting with a major support while bearish short term momentum continues to persist. It is easy to obsess over the support and believe it will not break because the broader structure is bullish. The thing is, price should not linger too long at the support if the market is in fact strong. Momentum reversal setups should follow through, NOT establish lower highs (see blue squares). The fact that price has attempted to squeeze twice and has failed within a major support area implies weakness. I have found it is better to anticipate momentum will continue until proven otherwise. To prove otherwise in this situation, a resistance needs to be taken out, like 27K to 28K area OR at LEAST a higher low formation. All we have is persistent tests of support. If this price action does not change, it implies that a support break is more likely which can lead to a test of the 22K area in the next week or two. This is NOT a forecast, it is a scenario that carries a greater probability and shapes my expectations for trade strategies. For example, I recently called a swing trade long at 26,200 which filled. While the trade has not gone to the stop, chances are it will and why I am calling for an early exit. Meanwhile my trade scanner (automated system) has been calling shorts the entire time. It's most recent short on Bitcoin was called at 25,985 and is still in play. The system follows momentum while I consider a broader context. Which is better? While the bot can get caught at times because it can't see context, it has been outperforming me because it follows its rules without exception. It is not perfect, but it takes emotions out of the game and improves performance efficiency dramatically especially for a trader with little to no experience. The best case is when you can recognize context and use that to better shape your expectations for the automated signals. In the Bitcoin situation shorting into a major support should be considered high risk, even though it can work. Knowing this, you can trade smaller, expect less or avoid the signal completely. Success is not defined by profits, it is defined by how you measure and take risks. Thank you for considering my analysis and perspective.
BITSTAMP:BTCUSD
by MarcPMarkets
9
BITCOIN : Moon SignalHi everyone, Let's show some positive news! The trend shows us that we probably started a new BULLISH Trend : We get an amazing GOLDEN CROSS that appeared very recently... Each time we get this Golden Cross, we has started a great bullish trend and for sure, ALTCOINS will follow (after a little delay). Anyway, I'm waiting to see a very hard and fast correction (US recession?) between the end of 2023 and the spring 2024. Just a normal part for a cycle market... Let's get the ball rolling! Stay safe! PS: it's not a Financial Advice.
BITFINEX:BTCUSDLong
by Horus83
4