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 big part of it is Oil (black trend-line). In fact it is often the leading indicator of inflation. An extremely interesting correlation of Oil with BTC is that every time the Supertrend turned green after a Bear Cycle bottom, WTI Oil was already on a strong, counter trend (as the primary trend was bearish) rally after a Lower Lows bottom.
In ten years, this combination of parameters has always been the start of Bitcoin's new Bull Cycle. Oil has been on a bearish trend since March 2022 but posting a counter trend rally since the September low. Can this be the build-up to a Supertrend green reversal and a new BTC Bull Cycle? Feel free to let me know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
-------------------------------------------------------------------------------
👇 👇 👇 👇 👇 👇
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
With inflation being the cause of this 2022 Bear Market so far (asset wide), a big part of it is Oil (black trend-line). In fact it is often the leading indicator of inflation. An extremely interesting correlation of Oil with BTC is that every time the Supertrend turned green after a Bear Cycle bottom, WTI Oil was already on a strong, counter trend (as the primary trend was bearish) rally after a Lower Lows bottom.
In ten years, this combination of parameters has always been the start of Bitcoin's new Bull Cycle. Oil has been on a bearish trend since March 2022 but posting a counter trend rally since the September low. Can this be the build-up to a Supertrend green reversal and a new BTC Bull Cycle? Feel free to let me know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
-------------------------------------------------------------------------------
👇 👇 👇 👇 👇 👇
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.