Hello Traders, This is Bitcoin Bullish Percent Index script. First lets talk about what the Bullish Percent Index and how it is calculated: "The Bullish Percent Index (BPI) is a breadth indicator based on the number of securities on Point & Figure Buy Signals, Developed by Abe Cohen in the mids. Because a security is either on a P&F Buy or Sell Signal, there is no ambiguity when it comes. First off, I'd like to shout out a fellow trading view analyst @filbfilb who predicted with high accuracy a $20, top and a regression to the mean of $3, in December of by using a similar style chart of analyzing a parabolic curve on Bitcoin. I'm taking his concept and applying it to the current trend and There are so many macroeconomic events that are creating a bullish vaccum. Cotações em tempo real; gráficos gratuitos e ideias de trade de experts. O TradingView é uma rede social para traders e investidores em ações, futuros e mercados forex!
Br tradingview bitcoinBTCUSD — Bitcoin Chart and Price — TradingView
I'm taking his concept and applying it to the current trend and From the parabolic chart, it appears that we are currently breaking out of the Base 3, which is one of the fastest acceleration points for an asset. Based on Google trends, there is barely an uptick in retail interest so far, which means that this is being driven by institutional interest and not so much retail. I had previously been anticipating a cycle high at the If you don't remember those fibonacci zones, I derived them from the following equations beyond the 4.
This also coincides with an intermediate cycle top that corresponds to Positive Crypto's golden ratio multilpier as well that Crypto Hamster took and made into an indicator on Trading View just search Golden Multipler. First off, lets start with low time frame. Comment: Got the dump and the scalp long entry. Well done to anybody that trades along with me. If we close above , we can expect This is a quick short-term update on Bitcoin.
The price is close to the 4H MA50 and so far it has held three times on respective Higher Lows attempts. This is causing BTC to consolidate within a Triangle. Triangle's are common within the dominant medium-term pattern, which since late October is a Bullish Megaphone and I have analyzed this extensively numerous Hi, Welcome to this analysis about Bitcoin, we are looking at the minute timeframe perspective.
Since Bitcoin formed this significant bull-trap yesterday after moving above the level and pulling back to previous zones with an emerging impulse it is forming an interesting formation now that will be the determining source within the upcoming times, BTC is facing resistance along the 0. Bitcoin hitting top bolinger on 15 min. Also resistance level with many highs on 4hr. Take most of profits here.
Most likely will decline back to 35 ema. I'm waiting that price can continue uptrend. We can open long position as soon as BTC will break nearest resistance. Next resistance It was developed by our experts for intraday trading purposes.
What does this Videos only. Will History Repeat itself? Remember you heard it here first! Wyckoff Distribution says Bitcoin will go down,don't get trapped. Breakout Imminent!!! Bitcoin potential breakout from triangle.