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BTCUSD Monthly Chart Jan 2021 to present day For all my Italian followers, I am pleased to announce that my analysis are now available in Italian on bit-reminder.com. This Italian website, which I collaborate with, is a valuable resource for those interested in the cryptocurrency world, with lots of information and a technical analysis section…
We are flat, usually it happens so the market finds a strong point (where the indicator of efficiency of kama average reaches values around 0.80-0.85) and stops, at that point it can go in lateral or bounce noticeably.In most cases we enter in a lateral phase which is now defined by the usual bands that…
BTCUSD Monthly Chart with KAMA+Deviation Bands, RSIC oscillator confirming new buy signal In the chart above, there is a new buy signal from a modified RSI oscillator after an apparent four-year interval, with a smoother output compared to the original. My yearly prediction, which I typically release in January, appears to be consistent with the…
LONG TERM1 unit bought at 22451$ SHORT TERMNo position open As someone who is interested in long-term investments, I recently made the decision to buy bitcoin at a price of 22451$. I will explain the reasons that led me to make this decision. The first reason is based on technical analysis. An oscillator indicator, which…
In the last update in May 2022, I hypothesized that Bitcoin would not remain above the annual forecast support, set at 29,800 dollars. At the time, I also hypothesized a possible test down to the first support of my monthly Kama average, at around 22,000 dollars, a test that then materialized. The problem is that…
It is always better to look, as I always say, at larger time frames to understand how to build a winning operating strategy. I invite you first to look at this monthly chart of the BTCUSD, before commenting it. BTCUSD Monthly Chart with Kama Roof/Floor price zones We are clearly compressed in a price range…
In the last update I had pointed out that it was crucial to exceed the monthly kama average (at that time around 40k usd), so bitcoin did and after a very strong bottom in July it resumed the uptrend on the monthly chart. Why a strong bottom? Because it was far above the support price…
Since I published the annual forecast last January '22, BTCUSD has already tested the lower limit of the forecast twice, at around $30,000.I don't know whether to interpret this behaviour as a sign of weakness or not. What is certain is that if the TOP of this halving cycle has been made it is very…
LONG TERM1 unit bought at 22451$ SHORT TERMNo position open As someone who is interested in long-term investments, I recently made the decision to buy bitcoin at a price of 22451$. I will explain the reasons that led me to make this decision. The first reason is based on technical analysis. An oscillator indicator, which…
In the last update in May 2022, I hypothesized that Bitcoin would not remain above the annual forecast support, set at 29,800 dollars. At the time, I also hypothesized a possible test down to the first support of my monthly Kama average, at around 22,000 dollars, a test that then materialized. The problem is that…
I'm writing this update to do a clarification to the analysis posted the other day, as I had said the support range of the price bands that I use had contracted a bit giving me an area of support of 36-42 thousand dollars, why this? Because I use 60 periods to calculate volatility and more…
I think at this point it is very likely that the TOP of this cycle has been done and to see a next top we will have to wait the next cycle of 2024-2028 with a possible top expected in 2025.One could say that Bitcoin could repeat what we saw in 2013 with two successive…
Since I published the annual forecast last January '22, BTCUSD has already tested the lower limit of the forecast twice, at around $30,000.I don't know whether to interpret this behaviour as a sign of weakness or not. What is certain is that if the TOP of this halving cycle has been made it is very…
We are flat, usually it happens so the market finds a strong point (where the indicator of efficiency of kama average reaches values around 0.80-0.85) and stops, at that point it can go in lateral or bounce noticeably.In most cases we enter in a lateral phase which is now defined by the usual bands that…
".....on the daily chart where there is strong support but again it is a question of which timeframe will prevail and at the moment I would bet on the weekly chart, nonetheless there might be a minor rebounce from here...."Last Update April 23, '21 The minor rebound happened, market remained sideways around the daily average and…
I left you on March 31 saying that bitcoin would probably go up with less intensity, that's what it did by making a new top around Coinbase's Nasdaq listing event.It can happen that such events that catalyze the attention of the entire community can mark what I call "buying climax" remember that the main feature…
It is always better to look, as I always say, at larger time frames to understand how to build a winning operating strategy. I invite you first to look at this monthly chart of the BTCUSD, before commenting it. BTCUSD Monthly Chart with Kama Roof/Floor price zones We are clearly compressed in a price range…
In the last update I had pointed out that it was crucial to exceed the monthly kama average (at that time around 40k usd), so bitcoin did and after a very strong bottom in July it resumed the uptrend on the monthly chart. Why a strong bottom? Because it was far above the support price…