Im seeing confluence of last bull market cycles potential pennant target(yellow dotted line) and the current bitcoin cycle flag’s measured move line (purple target). Now I’m not suggesting that we will definitely reach this target level on the current bull market, as we have already seen this was a target from the pennant we broke up from during the last bull...
Hi guys
The long-term uptrend line is broken with the downside!? This trend has been respected from the beginning. On the other hand, we are exactly tangent to the midline of the descending channel.
The long-term downward trend line on the RSI index has been broken to the top. Has this pullback to the level been broken?
But the downward trend has strong...
xbt is trending in bull reversal, and we have an hourly pullback from the current day high that is showing price will revisit one of these levels. the most bullish case is we stay long sss and qqe 15 minute and bounce off signal or moving average and that is marked out in dark green. the slightly less bullish case is if we go for a touch of rising trama. if we...
The dominance of USDT (Dollar Tether marketcap in relation to the total marketcap of all cryptocurrencies) is at a key point.
See graph with red line.
Which translates into a great time despite today's chaos.
We are close to finding the next BTC bottom.
Furthermore, on the RSI we have a bullish descending wedge.
Hey guys.
In this study I compare the dominance of the dollar in the crypto market, against the price of Bitcoin.
The dominance of the dollar in stable coins represents the percentage of capital in this asset in relation to the cryptocurrency market as a whole.
When this percentage rises, it means that people are more positioned in dollars.
On the contrary, when...
On the intraday chart we have an ascending wedge, which is a bearish pattern.
I believe it doesn't break the $50,000 right away, which is a psychological resistance.
Expecting a dip in the Fibonacci region for a more consistent rise.
Hello traders.
Lately I've been doing my technical analysis alone, due to lack of time to clearly write ideas.
But this time I managed to share. I hope it helps.
Any suggestion or idea, just say the word.
Some things I say very briefly to save space.
Here I will analyze some aspects that I think relevant.
1. Stochastic
On the weekly chart, looking at the...
Hi. Hope you all are well.
Price analysis
Considering the Arnaud Legoux averages, I can see the strength of the trend within the price chart itself.
What we have?
The average of 32 (green) has crossed below the average of 64 (blue), and there is now an expansion in width between these two averages.
And the average of 128 (white) started to slant down.
This...
Daily Graph
NVT (Network Value to Transaction) indicator
This indicator describes the relationship between volume of transfers and market capitalization.
It is also described as the price/earnings ratio of cryptocurrencies.
The calculation is done by dividing the network value by the daily volume.
At the moment, we can verify an indefinite moment.
A good...
#Bitcoin Index $XBT Analysis🧩// Head and Shoulders.
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Bitcoin is still Bearish📉 A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. as technical analysts, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish...
Greeting from IRAN to whole trading community 💙✔
BTC D. made a new ATL in 2018 which was about 38%
After that index started an uptrend which brought back the index above 50%
In 2019 and 2020 we haven't seen BTC D. dropped under 50%
In early 2021 BTC D. was above 70% and after that it started a downtrend which last until now
BTC D. is in the lowest level since...
Disclaimer: This is not financial advice. I am not a statistician. I am not a trading/investing expert. I am a wildlife biologist. This is just a regurgitation of my research, thoughts, and opinions, along with my attempt at having fun with numbers to create an incredibly speculative model for Bitcoin’s future price action. Hang in there folks, this is a long one....
Bitcoin versus major world currencies. Bearish market for now, no doubt. I would not go long at any case.
Breakdown below yearly S1 will send BTC to the lowest yearly low of S3 or even S4.
I have bearish look because:
1. Price below yearly pivot and year CPR (opened below those, tested and rejected from both)
2. Price below monthly pivot and monthly CPR (opened...
Seems like there is potential for there to be an inverse head and shoulder parttern to form on the BTC.D chart with the neckline at the 67.94% mark.
What could this mean if so?
Seeing an increase in Bitcoin dominance could mean two potential things:
1. Bitcoin breaks out beating the rest of the altcoin market
I see this as unlikely as given the current macro...
There is a nice leg up on BTC today which looks impulsive so we think market may stay in uptrend. Possible scenario for BTCUSD Potential targets on the chart.
Resistance Level: 6345.00$
Support Level 1: 6000.00$
Support Level 2: 5800.00$
![BTCUSD: Bitcoin at a turning point [EN-US]](https://s3.tradingview.com/m/MUXnpl0B_mid.png "Bitcoin at a turning point [EN-US]")
