BITCOIN (BTCUSD) – Cash: Selling On Retracement via Blind Entry Or After Price Action Signal Around $18154 Support Level (WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS). Price Action: Price has been forming a Multiple Inside Bar Pattern, with a wide Mother...
Bitcoin (BTCUSD) is following the overall panic sentiment of the market after the Binance news and tested the Support Zone of the June 18 Low. A break below can set in motion a sell-off similar to that of May 09, which first hit the 1.5 Fibonacci extension and after some consolidation, moved to make the June 18 Low on the 2.0 Fibonacci extension. What stood out...
Bitcoin (BTCUSD) has been trading on a red (bearish) Supertrend on the 3D time-frame since November 2021, i.e. a year. If the price breaks above 23k, this very reliable indicator will turn green (bullish) again. On this time-frame in particular, it has the highest historic accuracy. With inflation being the cause of this 2022 Bear Market so far (asset wide), a...
Bitcoin has been trapped in a range between the $18,500 and 25k , lets see what is the most likely scenario.
Bitcoin (BTCUSD) is falling back after the Fed's +0.75% Rate Hike and Powell's press conference. From a technical perspective on the 1H time-frame, the price remains within a Channel Down pattern (blue) since the October 29 High but on the longer term within a Channel Up (dashed lines) since the October 13 Low. We can see an interesting finding on this chart as...
Bitcoin played catch up over the previous week and went from what appeared to be relatively weak to a dramatic short squeeze that has tested the low 21K area (thanks to a strong S&P). Is the bottom in? Are you going to be lured into this "bull market" as a result of the emotional appeals made by all of your favorite fake gurus? Before you succumb to the fear of...
Bitcoin (BTCUSD) has never faced an economic Recession. There is no real comparative metric as to how this new digital asset can behave during such an economic downturn. Looking back into S&P's recent Recessions (2000 Dotcom Bubble and 2007/08 Housing Crisis) could provide some basis as to how BTC could fare relative to the S&P500 index (SPX) during a...
Bitcoin (BTCUSD) is having an impressive two-day bullish stretch as it is up +8.00% from yesterday's Low. The first key development that this price action gave us is that it broke above the Lower Highs trend-line that started on the August 15 High and as we mentioned 2 weeks ago on the following post, was dictating the pace of this corrective wave: Now the...
Bitcoin (BTCUSD) has been consolidating throughout the whole month of October so far and as the short-term direction is neutral, it is useful to look again on the long-term charts to get a better understanding of where we might be at compared to previous Cycles. ** The 2W MA150 supporting ** This time I bring you this analysis on the 2W time-frame. Key points...
Bitcoin (BTCUSD) is getting at that point where, based on its previous two Cycles, will provide a decisive move in the next weeks, as presented to you on this 1W time-frame analysis. The three charts represent Bitcoin's three Bear Cycles: 2021/22, 2018/19 and 2014/15 as they appear from left to right. The LMACD indicator (logarithmic MACD) is what makes most of...
Bitcoin BTC Crypto has broken out of a Triangle this maybe the sign that the bottom is in now?????????????????
Bitcoin is rebounding massively on its September Support Zone following the CPI release despite a higher than expected reading. Being still lower than the previous month, the markets strong defense reaction on this Support level may change the bearish narrative of the past two months. The immediate Resistance level is the 1D MA50 (blue trend-line) but the...
Bitcoin price structure continues to point to lower levels even though this market is out of play. Out of play means it is a good idea to avoid it (especially on smaller time frames) until momentum reestablishes itself. In this article I want to point out some important considerations when attempting to time Bitcoin in this environment. Before I get into that,...
Bitcoin Cash is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity (big blocks). In the same way that physical money, such as a dollar bill, is handed directly to the person being paid, Bitcoin Cash payments are sent directly from one person to another. As a...
BITCOIN (BTCUSD) - Support Retest 📉 Take profit and stop loss levels shown. Please make sure you implement your risk strategy when reaching each TP, by either tightening stop loss or taking partial profits.
Bitcoin (BTCUSD) has been trading within a Falling Wedge pattern ever since the August 15 top. This analysis is on the 1D time-frame but we do incorporate the 4H MA50 (green trend-line) and the 4H MA200 (grey trend-line) to help us understand critical Resistance and break-out level. ** The Falling Wedge and the importance of the 4H MA50 ** What stands out here...
Bitcoin (BTCUSD) is having a red week so far (1W time-frame) following last week's rebound. The worse than expected CPI is leading this pull-back fundamentally. Technically though, the price remains both above the Support provided by the 1W MA300 (red trend-line) and the Channel Down that started after the mid-August High. As long as no further Low is made, this...
Bitcoin (BTCUSD) is currently on a strong +17% four day rally, the strongest since July 29. By doing so, it is about to test the important short-term Resistance of 22000, formed off the August 24 High. There is however a trend-line and cluster of critical Resistance levels on the long-term as well that the price is about to hit, and outweigh by far the short-term...