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Long Term Update: The Big Picture part II – Bitcoin Trading Ideas, Analysis
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…
Quick Update and general considerations – Bitcoin Trading Ideas, Analysis
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…
Short Term Update: Still bearish – Bitcoin Trading Ideas, Analysis
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…
Long Term Update: Critical Point – Bitcoin Trading Ideas, Analysis
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…
Long Term Update: The Big Picture – Bitcoin Trading Ideas, Analysis
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 Term Update: Will it work? – Bitcoin Trading Ideas, Analysis
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…
Portfolio Update: Long 1 unit at 22451$ – Bitcoin Trading Ideas, Analysis
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…
Long Term Update: Will it work? – Bitcoin Trading Ideas, Analysis
Since I published the annual forecast last January '22, BTCUSD has already tested the lower limit of the forecast twice, at around $30,000.I don't know whether to interpret this behaviour as a sign of weakness or not. What is certain is that if the TOP of this halving cycle has been made it is very…
Portfolio Update: Long 1 unit at 22451$ – Bitcoin Trading Ideas, Analysis
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…
Quick Update and general considerations – Bitcoin Trading Ideas, Analysis
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…
Long Term Update: Critical Point – Bitcoin Trading Ideas, Analysis
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…
Long Term Update: Will it work? – Bitcoin Trading Ideas, Analysis
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…
Short Term Update: Still bearish – Bitcoin Trading Ideas, Analysis
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…
Long Term Update: No more Tesla. – Bitcoin Trading Ideas, Analysis
".....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…
Long Term Update: Top is probably in for this cycle. – Bitcoin Trading Ideas, Analysis
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…
Crash Update: How many Periods to use? – Bitcoin Trading Ideas, Analysis
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…
Long Term Update: Weekly average broken down! – Bitcoin Trading Ideas, Analysis
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…
Long Term Update: Will it work? – Bitcoin Trading Ideas, Analysis
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…