Zooming out from my last analysis of Bitcoin weekly ichimoku, the last time Bitcoin price held above the weekly cloud kickstarted the last bull market. The trigger, was a fall to the senkou span B line, as my last analysis has called for. This could be the last dip ever in Bitcoin.
Bitcoin price continues to hold bullish above the weekly ichi kumo. However, price has now closed below the senkou span A and there's a kumo twist in the cloud turning from green to red. Kumo twists are weak points in the cloud, so even though BTC is holding bullish, the twist could allow it to pass through more easily. A fall to senkou span B in the low $7000...
Past data shows that Bitcoin remains range-bound and under resistance until the United States Presidential Election has passed. Wells Fargo says that a potential Biden win isn't yet priced into the stock market. If Biden wins, a post-election crash may follow due to stock market correlation.
ADX growing and a DMI crossover suggests that Bitcoin is ready for more downside. Take a look at past instances for confirmation.
Bitcoin volatility, as measured by BB Width, is showing the third time in four years the asset reached such lows. One time, post-halving, it kicked off the last bull market. The other, Bitcoin fell by over 50% to its bottom at $3200. What will this time bring. Third time's the charm? Or more chaos from corona?
The pitchfork tool clearly shows a long term channel, now testing the bottom of the lower quadrant. If it holds, a similar rise to one of the upper quadrants would be expected. IF that happens. Alts rekt.
A deeper drop this week cannot be ruled out - even a VERY deep drop. However, over the next month, it will be the last chance to buy XRPBTC at such lows. Price action is up against, it not through multi-year downtrend resistance. A massive bullish wedge is formed. Lows were just swept, breaking through a key level on the TD sequential indicator, just as 13 and 9...
Bear flag breakdown speculation. Bounce into right shoulder, delaying altcoin season further.
Correlation shows they both may share a similar result following the event in the stock market. However, Bitcoin contracts expire next week - as much as 60% of open interest.
Looking at how the Federal Reserve has saved the S&P 500's parabola. With USD on thin ice, the end of the US superpower is near. Can BTC, born during the Great Recession save the day?
Bitcoin price is exhibiting a similar price pattern as it did prior to testing $14,000 last June. Another test looks likely soon.
Bitcoin has closed above the weekly kumo on the ichimoku indicator. Another retest is in progress and thus far continues to hold. Bullish uptrend is further supported by bullish crossover of the two senkou spans.
Even at just a glance, it's hard to deny Bitcoin could be ready for another bull run. This is a deep comparison to past cycles. Note the timeline from top to breakout, and the three instances of miner capitulation.
Bitcoin $BTC has been trading inside an impressively symmetrical triangle since the $20,000, 2017 top. Symmetrical triangles can act as continuation, if the prior established trend has been up. The triangle itself meets the four points minimum with two trendlines with three touches each. Price action is past the 1/2 to 3/4 ideal breakout point toward the apex,...
This is an analysis of the echo-bubble fractal formed across Bitcoin resulting in two bear markets. One more is possible, or at least another dip before the bull market starts. I have begun to lean more bullish, so this analysis maybe invalidated.
Sincerely hoping this isn't true, but made this chart for *fun*.
Bitcoin's recent uptrend doesn't look finished, according to the last bull rally. Both rallies had a golden cross of the 200-day and 50-day moving average, and each time resulted in an immediate ~10% crash. After that, there was an enormous upside. Even both 'bottom' structures look extremely similar.
The Ichimoku indicator is signaling that a new uptrend is starting in Bitcoin. Although a massive, record-breaking drop occurred yesterday, causing Bitcoin to drop $1,000 in one hour, the fall is currently holding at important support. According to the Ichimoku indicator, price has fallen to the Chikou Span after penetrating the cloud, but failing to get through...