Bitcoin (BTCUSD) is seeing a very disappointing start to this week's (1W) candle. This development however is making the price getting closer and closer to fulfil the strongest technical condition of Cyclical behavior: the bottom on the 1W MA200 (orange trend-line). That level is now around 22290 but perhaps an even more interesting technical feat is that the...
Bitcoin cash supporters are known for spreading adoption over the years and 2022 is no different. This year, the peer-to-peer cryptocurrency bitcoin cash has seen significant adoption throughout the islands of the Caribbean, alongside places like Dubai, and Mumbai. Bitcoin cash is also accepted at Burger King St. Kitts and the island’s Panda Supermarket accepts...
Bitcoin (BTCUSD) just made a Bearish Cross between the MA20 (red trend-line) and the MA100 (green trend-line) on the 1W time-frame for the first time since the previous Bear Cycle. In fact that is a technical feat only seen during Bear Cycles and most notably around the bottom. More specifically, in the 2018 Bear Cycle, this Bearish Cross took place 1 week after...
Bitcoin (BTCUSD) is now on the third week (1W candle) after the May 09 weekly low and the first week (so far at least) that is green after a historic streak of 9 red weeks. For this analysis I am using the 1W time-frame as it better displays what I want to show you today and that is a Fibonacci Channel on the log scale that started after the June 24 2019 1W...
Bitcoin - Intraday - We look to Buy at 29828 (stop at 29148) Short term bias has turned positive. Trading close to the psychological 30000 level. We look to buy dips. We are trading at oversold extremes. Our profit targets will be 31488 and 31988 Resistance: 31000 / 31400 / 32000 Support: 30000 / 29000 / 28600
Bitcoins dominance can be used to help understand the market cycles and the mechanisms of money flow that happens within a cycle Last bear market Bitcoin made a reclamation move of 77% on Bitcoin dominance. This bear market the clear target is a 20% reclamation move of dominance. What does this mean? The ascendency of Bitcoin dominance is the indicator of a bear...
BITCOIN (BTCUSD) – Cash: Inside Bar Pattern (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 formed an Inside Bar Pattern overnight. Price formed a Potential Bullish Multi-Bar Fakey Setup last Thursday (We did not consider trading this...
Bitcoin struggling to break over and head towards the 34,000 Resistance: 30900 would be the level we could dare to increase our Long positions whereas 28,600 looks like a more probable scenario. At the same time, BTC Dominance is finally under resistance again and this calls to switch focus very fast to Altcoins: In any case, this will be very interesting...
Bitcoin (BTCUSD) has seemingly recovered from the correction of the first 2 weeks of May and is trading +20% higher from the May 12 Low. However the question remains, can this recovery be sustained or the bottom isn't yet in? A comparison with the corrections of 2020 and 2018 can help us draw meaningful conclusions. Let's see the similarities and differences...
Bitcoin (BTCUSD) closed this weekend its 7th straight red weekly (1W) candle, which is a feat seen for the first time in history. More specifically, the last time we had 6 straight losing weeks on Bitstamp was from August to September 2014: ** Healthy stock market needed ** Needless to say, this development is very negative for BTC, especially from a...
Bitcoins BTC - next untouched point of controls with magnetic attraction. After the POC at $26.604 from December 31th 2020 was touched... Next lower POC $24.929 $24.456 Next higher POCs $31.397 $34.552 Which one will get touched next dear Crypto Nation? Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial advice do your...
Bitcoin has taken out 35K effortlessly which was a strong possibility that I have been pointing out for WEEKS (read my previous analysis). With this major support cleared, the 30K level is the next area to anticipate significant support. In this analysis I am going to highlight other relevant levels that may be in play this week. Either way, price structure has...
"bitcoin fixes this maaaaan" "it's hard to hodl when your cost point isn't below $25k" (soon enough) "bitcoin is sound money maaaan" "global currencies maaaaan" "satoshi's vision maaaaaan" You've heard it all. Don't be fooled by the crypto gurus and the blockchain dog park movement. Just wanted to provide a quick update as bitcoin continues to collapse from...
Bitcoin (BTCUSD) has been trading within Falling Wedge pattern on the short-term ever since April 11. The pattern is close to exhaustion point as the upper (Lower Highs) and lower (Lower Lows) trend-lines are getting too narrow. The direction to which the price breaks, should determine the trend of the next 2 weeks. The MA periods on the 4H time-frame play a...
Bitcoin (BTCUSD) has been trading within a Falling Wedge pattern since the March 28 High, always within the wider outlook of the 1 year Channel Up. The 1W MA100 (red trend-line) is right below as the long-term Support, and hasn't been that close since the COVID crash months. A similar Falling Wedge was formed when the price was bottoming on the previous Higher...
Bitcoin Dominance had been going sideways in what we called 'slow death April 2022'. Well, early in May the price is attempting (right now) to exit from the descending wedge and it appears to be doing that going North (Up). When Btc dominance rises it's bad news for Altcoins so let's be careful and see how the price behaves at resistance. Keep you posted and...
Bitcoin is trying to establish yet another double bottom like formation, but there is no reason to get excited. Momentum across the board is bearish which means any buy signals are likely to be limited and/or lack follow through. Focus more on the levels ahead that offer some possibilities, NOT try to guess where Bitcoin is going next. In case you haven't...
Bitcoin is going to take a Joyride in the Force and give us some weekend Profit, Entry on the pull down - Padawan what does this mean- Hand me the Dark saber