Bitcoin Technical Analysis

BTC 11092021
Hi all.
Kind of a hard week and hard times at all and here im am again. Is all about Bitcoin lost or its just a healthy correction? Guess what… nothing is lost yet, not at all. Be sure that when something in the Bitcoins life change in negative direction ill admit it but that time isnt come yet. In the next 3 posts ill show you how nothing has changed in Bitcoins technicals (up to this date) after this weeks dip. This 3 charts will be daily, weekly and monthly.

Im starting with the lowest and may be the less interesting chart – daily. In this chart well see a couple of indicators – 50 MA, 200 MA, EMA Ribbon and the fibo levels. The price is still above the 50 MA and a bit lower from the 200 MA – not a 100% bullish but bullish after all. The more interesting is the interaction between both MAs. As youll see from the chart were very close to so called Golden cross – very bullish. What about EMA ribbon? The price is not above it but its also not below it. The ribbon itself is not in a flipping position too. These 2 facts are also more bullish than bearish. Fibo levels you can use as support and resistance levels. If we fall way lower, I believe at least the golden pocket (from $38400 and $37600) will react as a strong support and well bounce from there and this will be around $10000 higher than the previous low – positive for the actual bull run. Thats it for now. Like I said above, this is not so interesting but the next (weekly) chart will be way more interesting and bullish.
See ya and remember… DCA (dollar cost average) all the way. It`s a marathon not a sprint.

BTC 18092021
Hi again all.
Like I told you last time, in 3 consecutive posts ill show you why nothing has changed in Bitcoins technicals (up to this date) and the bull run is not over yet at all. This time will be the weekly time frame so lets go straight to the point. First of all, theres a lot of indicators in this charts. I dont like to over use so much indicators but for the use of this post I must. In the left chart were seeing:

  1. Blue dots – parabolic stop and reverse (PSAR). Very reliable indicator which is still showing bullish signals despite the last week big dip.
  2. Yellow to red lines – EMA ribbons. And again, the price is still above it, bouncing from their top, and the ribbons aren`t flipping, despite the last week big dip. Bullish.
  3. Green channel - Gaussian channel. Almost the same as the EMA ribbons and even better price action. The price is continuously above the channel, bouncing from it`s top, which is what…? Bullish.
  4. The green/red line below the chart - Network Value to Transaction (NVT) and Historical Volatility (HV) combined indicator (NVT&HV). As long as were near to 40, there will be big volatility soon. Last weeks dip spiked HV to almost 56, but looks like its going back down. The color of the like is showing the potential way of the break. Green is bullish, red is bearish. What color its showing now? Green – Bullish.
    In the right part of the charts we`re seeing:
  5. A beautiful long-term upward channel. Like youll see every touch of the top of the channel is the cycle top. Were we now? In the middle of the channel and the scenario can be exactly like 2013 and 2017 – a touch of the middle line, pull back and then a shot to the next ATH and the top of this channel. A conclusion from all this – bullish.
  6. Below the long-term upward channel – Puell Multiple. Very simple – spikes are the tops but they must be over 5. Where it was at $64k price level – around 3,50. Where are we now – 1,24. A plus are the green and red vertical lines. What is the last line – green. Are there any red lines soon – no. A conclusion from all this – bullish.
    Thats it for now. Like I said last time, the weekly chart is way more interesting and bullish than may be all the other ones. Next time – a monthly chart. See ya and remember… DCA (dollar cost average) all the way. Its a marathon not a sprint.

BTC 22092021
Hi again all.
Heres the 3rd consecutive post with which im showing you why nothing has changed in Bitcoins technicals (up to this date) and the bull run is not over yet at all. Despite the last 2 big dips even. This time will be the monthly time frame and wont be so full of indicators and may be not so interesting like the weekly one but lets go straight to the point. The chart actually is a bit of an update to the same one ive shared back in June. When you look at the chart youll see exactly the same price action in the middle from every halving to the next ATH. What do I mean. First we see the halving. Next we see a very good pump. Then we see a correction. And after this correction we see the next cycle push to the next ATH. All this sideway move and correction periods are closed in a very specific and proportional borders. Like youll see in the chart it`s a simple math:

  • The top which we must break to the next ATH is equal to the last ATH multiplied by 4.
  • The bottom which is acting as a support and were fine until the price is above it is equal to the last ATH multiplied by 1.5. Guess what… this pattern is absolutely still intact. Even the last 2 big dips didnt ruined it.
    The new thing in the chart is the added RSI. The three yellow lines are very significant support or resistance levels. Wont go into long explanations here but the most important fact is that even with the $64k top we didnt break the higher line, like back into the last ATHs, which im considering as that we didnt reach this cycle top. Thats it for now. Now you have my full vision about the long-term Bitcoin perspectives. Hope it will help you. Next time ill show some interesting fractal which ive found in the web. Its now mine but its very interesting and I like it.
    See ya and remember… DCA (dollar cost average) all the way. It`s a marathon not a sprint.

Great info, thanks. I have not lost faith in Bitcoin yet and your analysis has really helped.

Glad that i`ve helped. :blush:

1 Like

Ive liked your analysis thanks for posting, you thinking ATH by end of the year now?

Could be by the end of the week or month the way it is looking.