The Bitcoin cycles get really repetitive once you layout the movements like I have here we start to see the patterns it creates. I don't daily trade I don't recommend you to either, open your mind to a further time frame and setup prior to these movements giving you freedom to use lower leverage if you do trade. I use the L-MACD (Logarithmic Moving Average...
Bitcoin's weekly MACD has only been below zero a few times in its life... Here we see this event happening between May 2018 to April 2019. From April 2019 Bitcoin grew until November 2021... OK! Here is the chart: The weekly MACD for BTCUSD hit its lowest level ever in July 2022 and now is trending up as if it is the end of the world. It is reaching up to...
Bitcoin's bounce is about to speed up. We are now revisiting our previous trade idea on the short-term but this time, 4H timeframe. Notice we have the classic cup pattern starting to form. The RSI is trending up while gaining bullish momentum. Prices are trading above EMA10. The target remains $22,400-$22,500 in the short-term. Namaste.
No volume here on this exchange as Bitcoin continues to move up, daily. No volume because of no sellers. No volume because of no downward pressure, easy up. Slow and steady growth signals strength. Bitcoin is moving above EMA300 today, after coming out of a multi-year low/strong support for the first time since April 2020. This signal will need confirmation as...
After hitting $23,333 bitcoin has moved above September 2022 and is now at its highest level since August 2022. The $25,209 is the August peak and last barrier, after this level we would see bitcoin trading at its highest price in more than 7 months. The good news? This is only the entrée, we have yet to get the main course. How does market psychology works?...
Bitcoin just hit its highest level since September 2022, the highest level in more than four months but there is even better news... This is nothing yet, this is only a short-squeeze before the real growth starts. We are now at the 21st of January (UTC) and bitcoin is already moving ahead. Just as it happened with the 12-13 January event, where the initial...
The MACD has a story to tell about bitcoin and where we are at in the current market cycle. Let's dive in shall we? Feel free to boost/like 🚀👍 at the end if you enjoy the content. We start with the daily timeframe... The MACD hit bottom in May 2021, just a little after the time when the first 2021 ATH was hit... Here is the chart: Ever since this May 2021 low...
Keeping it simple, here is the path to $48,000 based on the weekly timeframe and a bullish Q1 and Q2. Many signals are pointing to this scenario now becoming the most likely... What do you think? One final note... The sentiment, the market sentiment is really, really bad. The level of negativity we are seeing and experiencing is not something we've seen...
The real meaning of the RSI numbers going above 80 is "strong". The signal can be read as "strong" or "very strong". RSI = Relative Strength Index . Below a certain level we consider weak/oversold. Above a certain level we consider strong/overbought. It works with the trend. You need some context for the RSI. It can go to "overbought" and stay there...
The situation is much worse than anything we thought possible... The bitcoin bears are not in disbelief, they are in complete denial. To the bears, bitcoin is crashing hard and hitting new lows. Forget about the massive bullish breakout, high volume and multiple resistance level taken out in just a matter of days... To them, it is sure it "will continue"...
If this chart doesn't turn you instantly into a Bitcoin bull I don't know what will... We already looked at hundreds of bullish signals but new ones continue popping up . This is the BTCUSD monthly timeframe. Let's get started right away! 1) A bullish candlestick pattern is forming on the monthly timeframe. 2) Full green candle. Notice the current months...
On the 19-Dec-2022 week OmiseGo hit a new All-Time Low vs Bitcoin (OMGBTC). This ATL was hit at 0.00005794. The previous All-Time Low happened early March 2020 at 6000 satoshis (0.00006000). What followed this previous ATL was a 1,250% bullish wave. Here is the chart: That's why I believe hitting new lows is a piece of good news... Because we can't go any...
The Renko chart for Bitcoin (BTCUSD) on the daily timeframe gave the first buy signal after hitting support on 10-Nov. This signal was negated 21-Nov. and on the 30-Nov. and 13-Dec. two additional buy signals... Just to be negated again 19-Dec. but this time within a higher low. It's been a while since we read the Renko chart, we forgot completely about it but...
Stating that the Cryptocurrency market, Bitcoin, is unpredictable is an understatement. It is just not possible to predict how fast things can change. One can expect a relief rally, a small jump in prices but not a change from the worst ever, to a signal that points to long-term gains. Today bitcoin has challenged and gone above MA200 and indicator that gauges...
We have another major development to share with you... (1) The major downtrend that started after Novembers 2021 All-Time High has been broken. (2) Bitcoin is moving back above the June 2022 low. The short period below this level can be considered easily market capitulation, liquidity hunt, etc. (3) Very strong bullish divergence with the RSI. The RSI bottomed...
The last time we looked at this chart was on the 24th of November 2022... You can see it below: Let's keep it simple. Here we have very strong growth potential. Really strong as ETHBTC is trading above MA200. If EMA50 gauges the mid-term, MA200 is for the long-term. After many months of consolidation above this level, expect a strong rise to take place. Namaste.
THETA has an easy path to move upwards with over 100% potential in the coming weeks. We can see a higher low long-term on this chart, Dec. vs May 2022, and this can lead to a higher high. This is the THETABTC trading pair. You can find the targets marked green on the chart while the support levels are marked blue. Thank you for reading. Namaste.
Bitcoin hit a peak/high price first in April 2021 at around $64,000. This new All-Time High was followed by a very strong correction, around 55% and then a new high was hit in November 2021 at $69,000. For us technical analysts this is basically a double top. The new high in November vs April doesn't make much difference. Bitcoin didn't hit a new Fib....