BITCOIN The potential Resistance in 2023 based on the DXY.In continuation of our recent BTC-DXY cross comparison studies, we will quickly bring you today a trend-line that may have gone overlooked and can pose a real Resistance to Bitcoin (BTCUSD) in 2023.
As you see, if we exclude the March 2020 COVID crash period which is a non-technical irregularity, there is an underlying trendline on both assets, which on Bitcoin was the Support since late 2016 while on the U.S. Dollar (DXY) was its Resistance. A more controlled rise/ decline respectively may provide the true Resistance level in 2023.
What are your thoughts?
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Btcsignals
BITCOIN Major bullish signals aligned.Powell's icing on the cakeLots of euphoria yesterday after Jerome Powell's Press Conference where he gave the markets what they wanted to hear regarding future policy and how inflation is under control. The rates got increase by +0.25% but on a lower rate than the previous meeting. This may just be the icing on the cake for Bitcoin (BTCUSD) as technically we are close to three major indicators aligned for a huge triple buy signal.
We have moved up a time-frame to 3W to see an even longer term perspective that successfully filters out all the noise of short-term fluctuations. As you see, the RSI is already above its MA, the LMACD should complete the Bullish Cross on the next candle while STOCH is just below the 49.50 level. This is the last hurdle to overcome before BTC issues this triple buy signal as it is the level where STOCH got rejected on June 2015 and delayed the rally for another 2 months with one last low. However the LMACD Bullish Cross was formed after this low so if we get it on the next candle then most likely STOCH will be above the 2015 rejection point as well, or it will be invalidated.
Will this final alignment put the new Bull Cycle beyond doubt? Feel free to let us know in the comments section below!
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BITCOIN The new Geometric Cycle has begun. $150k within reach.Bitcoin (BTCUSD) is rebounding aggressively after the LMACD on the 1W time-frame hit and bounced on its historic Support that formed the 2015 and 2018 Cycle bottoms. This suggests that the new Bull Cycle has begun and to keep a better perspective, we have plotted the Geometric shapes from bottom-to-top.
Along with the Ichimoku Cloud and Fibonacci MAs, they paint a fair projection of where the price will trade to from now on. First consider that the next Cycle bottom could be around October 2026 if the (approximately) 1430 day (205 week) time range holds. The next (and final according to this model) bullish confirmation of the new Cycle is the price entering the (red) Ichimoku Cloud. When this happened in June 2012, October 2015 and May 2019, the Bull Cycle never looked back (obvious exception of course is the March 2020 crash due to COVID).
Then a break above Multiple 3 of the Fib MAs, will most likely kick-start the Parabolic Rally (but most likely this will be after Halving 4), as it has done during all previous Bull Cycles. A nice touch of the current study is the plotting of the past Cycles inside the projected current one. With its geometric adjust, all fit fairly easily within. On average, we should see the next Cycle Top around August 2025.
Do you agree with the above? Feel free to let us know in the comments section below!
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BTCPERP NEAR FUTURE ANALYSIS (4H Chart)Technical Analysis Summary
BTC/USDT
TREND ANALYSIS
We have 1 Downtrend in red color (Short Term).
Be careful trends need to be modified when broken to the new peaks (Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White levels Levels are very tight stop losses that could be used in high leverage future trading.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
BITCOIN Yuan and China bond yields point to a mega rally!This is not the first time we emphasized 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 the element of CN02Y/CN20Y. This shows that every time the ratio's Lower Highs broke in the past, Bitcoin started the first phase of the Bull Cycle. For shorter or longer periods, this was achieved within a Channel Up (green). Right now we have started the new one.
Adding the fact that every time the USDCNY topped and dropped as aggressively as it has been doing since October 24, Bitcoin has started the most aggressive part of the Bull Cycle, the parabolic rally.
This mix is incredibly bullish for Bitcoin technically and it prompts to a mega rally next, the likes of which we may have not seen in the past. Do you agree? Feel free to let me know in the comments section below!
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BITCOIN This is the Bullish Cross that will take it to $33kBitcoin (BTCUSD) just made a hugely important and unique Bullish Cross on its LMACD. Those who follow us regularly over the years, know that we like looking into assets (and Bitcoin in particular) from different time-frames that provide a more spherical overview of the market and the direction. This time we analyze the 15D chart as it just formed a Bullish Cross on its LMACD indicator.
This is a very rare pattern which below the 0.00 (LMACD) level has always formed straight after a Bear Cycle Bottom. Even during Bitcoin's first Cycle (2011/12) and the March 2020 COVID crash, the Bullish Cross was formed marginally above the 0.00 level.
Now the 1W MA50 (red trend-line) comes into the spotlight, as it is the Resistance to beat. Every 1W MA50 break following a 15D LMACD Bullish Cross, hit at least the 0.5 Fibonacci retracement level in a maximum of two weeks. We can make a case about the 0.618 Fib as well, which failed to get hit only marginally on October 28 2015.
As a result, with the 1W MA50 currently at 25615, we can expect another sharp 2-4 week rally once BTC breaks it, that will target at least the 0.5 Fib at $32900 with a riskier extension being the 0.618 Fib at $38900.
What do you think? Has this 15D LMACD Bullish Cross shaken your last bearish bias and if so, will you buy the 1W MA50 break-out confirmation? Feel free to let me know in the comments section below!
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Ascending Wedge BTC 1h/2hAn ascending wedge is a bearish chart pattern that forms when prices are trending upwards but with a narrowing range, creating a wedge shape. The pattern indicates that buying pressure is decreasing and that a downward trend may be forthcoming. Traders typically look for a breakdown below the lower trendline of the wedge as a signal to sell or short the security.
$BTC BEAR MARKET/RECESSION OUTLOOKMy realistic estimate would be that $BTC continues to rally at least to $25k, possibly even $28-30k as this is likely going to be a strong resistance level, then, if/when Q1-Q2 earnings are awful, it dumps back down IMO to $13.8k. I think the bottom could be as low as ~$10.8k or as high as ~$15k (approx. previous low, double bottom), however, I feel that $13.8k is the most likely between these 3 targets. I would reconsider bearish position if we break above the $28k-$30k level and hold it at support for a monthly close.
BITCOIN is massively undervalued and here is why.On this 1W time-frame analysis we make a case why Bitcoin (BTCUSD) is massively undervalued in relation to a technical factor as well as the effect that the U.S. 10 Year Government Bonds Yield (US10Y with the black trend-line) and the U.S. Dollar Index (DXY with the green trend-line) have.
Bitcoin's rise this week may come as a surprise to most but it is no coincidence. The 1W RSI has been on Higher Lows since the mid-June 2022 Low, while BTC has been trading on Lower Lows. This is a technical Bullish Divergence and a lengthy one. The times the 1W RSI prints Higher Lows sequences that low, have always been Bear Cycle Bottoms.
At the same time, we see the US10Y and the DXY (aggressively) decline simultaneously. The previous four times this happened were on a Bitcoin (aggressive) rally phase.
The fact that we get those two occurrences taking place at the same time, simply shows the underlying strength on the market at a level that macro-economically is treated as a market Bottom. Possibly indicating that if it wasn't for last year's fundamental crashes of FTX and LUNA, the price potentially would have already been much higher, showing how deeply undervalued BTC is right now.
Feel free to let me know in the comments section below!
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BTC/USD 30MIN BREAKDOWNGreetings dear traders on my first analysis of the new year! Today we look directly at Bitcoin on the 30 minute chart, from a daily perspective I see a lot of liquidity at the level between $16520 to $16600 where the whales could take a short term swing long and appreciate a little over 3%
BITCOIN Happy New Year! 2023 the Year of Recovery?First and foremost on this second trading day of 2023, the TradingShot team would like to wish everyone on this community a Happy New Year, may each and everyone's goals be achieved!
2022 ended, took a whole of negative fundamentals with it (war, LUNA, FTX) and closed the yearly candle in (deep) red. As you see on this 12M (12 month) time-frame, Bitcoin (BTCUSD) had another two red 12M candles throughout its history and naturally those were the Bear Cycle years. Three green yearly candles followed after 2014 just as another three after the 2018 Bear Cycle candle.
Technically, the year that follows the red 12M candle is a recovery candle that hits and closes around the 1W MA100 (yellow trend-line). That level is currently at 37627.10 and running flat (sideways). Do you expect history to repeat itself following the 2022 Bear Cycle candle and close 2023 around $37k before the Bull Cycle really takes off?
Feel free to let me know in the comments section below!
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BITCOIN always rallied when these 3 indicators alignedThis is our last Bitcoin (BTCUSD) chart for 2022 and brings together the CN10Y (purple line), the U.S. Dollar Index (green trend-line) and the LTCBTC pair (orange trend-line). We've mentioned countless times in the past the importance of the DXY on Bitcoin and the strong effect that Litecoin (LTC) has as a leading indicator. Recently we've also made cases of the strong correlation of China's Bond Yields with BTC.
This cross study brings together all three and compares their price action against BTC. As you see, since BTC's early days, every time the CN10Y made a V-shaped reversal and started to rebound breaking its Lower Highs trend-line, while the DXY started to fall after a rejection on its Higher Highs trend-line and the LTCBTC pair broke above its Falling Wedge, Bitcoin was in the early stages of a hyper aggressive rally.
With the stock markets not at their best but having posted a 2 month recovery, while the cryptocurrency market's credibility viciously hammered by the FTX and LUNA collapses, will this strong 3 indicator emergence be enough to put Bitcoin back into long-term bullish territory?
Feel free to let me know in the comments section below!
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BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- BTC effectively breakdown the ascending triangle following the downward move. As of now, it is holding over the marked low of $16,559.
If bulls won't show strength here, then the downward move will continue toward the horizontal support or the lower marked strong low support.
For the bullish confirmation, bulls need to break out the horizontal resistance around $16,940 with a retest above it to confirm a decent bullish rally in the market.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTCUSDT Are You rdy for SELLHello to all my dear friends, I have done a bitcoin analysis for you.
In this analysis, we want to take the sell of bitcoin, and our entry point will be $16,712, as well as the desired targets, $16,472, $16,097, and $15,591, the loss limit that we have determined. It is 16,788 dollars.
Also, we will enter into this transaction with 50% of the original capital.
Good luck, dear Manouchehr Azar.
💥Bitcoin to rise to $20k before a dump below $15k#BITCOIN (UPDATE)
Clearly shown on the chart is bearish breakout from the trendline support and a pullback in play. When the pullback is complete, then another drop below $15,000
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BTC/USDT 4HOUR UPDATEHello, welcome to this BTC/USDT 4Hr chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-BTC successfully bounced after taking some correction and hunting stops below the mid-range and this could be the completion of the corrective wave.
Currently, bulls are showing momentum and a move above the previous high of $17,424 with a retest above it, would be the indication of the continuation of bullish impulsive waves.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
L9 - BTC Trend Analysis (Cycle/Halving)This chart is the study of previous cycles of BTC;
• BTC take appx 47-48 months to create new ATH from the previous one.
o As per the projections next ATH will be created in the Months of Sep-Nov 2025.
• BTC takes 12-13 months to create the bottom of the cycle from ATH of the cycle.
o As per the projections, BTC will create bottom in the months of Dec’ 22 – Jan’ 23.
• BTC normally drops between 84%-86% after creating ATH in next 12-13 months.
o At 85% BTC bottom for the cycle is projected at $10,000
DeGRAM | BITCOIN potential shortBitcoin formed a box after sell off.
Notice how price action is moving: extension, pause, and extension.
We expect further bearish move and break the box then retest the main support
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Financial Wave. BTC m15Our preferable scenario for BTC - the rise in wave C to the level of $19500 - remains the same. We have added short-term targets to our wave scenario that BTC can reach quickly. A rise in small wave 3 could take Bitcoin prices to $18,000 and $18,800. A drop in the BTC price below $16,000 cancels this scenario.
📉✌BTC 1H Long Position✌📈BINANCE:BTCUSDT
COINBASE:BTCUSD
Hi traders, first take a look at my previous analysis and positions.
💥Three Drive pattern💥
between now and the yellow area, you can open a short position in two steps.
If the price falls and reaches the risk-free level, you can risk-free the position.
TP1-2-3-4-5-6-7 are on the chart.
The optimum stop-loss is above the determined area.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
Bitcoin- New leg down?In my previous Bitcoin analysis, I said that in current market conditions selling rallies is the safest way to trade and I indicated 18-18.5k as the zone to do this.
Indeed, after the break of support and the steep drop from the beginning of the week, Bitcoin rose, corrected the dive, and confirmed the 18k zone as new resistance.
The price action from the past 2 days is drawing a small triangle on our short-term chart and this could be an indication of continuation to the downside.
The base of the triangle is around 3kusd and this gives us a target of around 14k for the next drop.
Only the price back above 18-18.5k in terms of daily close would put a pause on the drop and signal a potential range trading for BTC.