BITCOIN LATEST

TUESDAY 24. MAY

 KEYS: 

• Are there changes in the weekly chart pattern?

• Is present seasonal period strong or weak?

• Are shorter term indicators strong or weak?

• Stop loss - adjustments?

• What about sitting on the sideline until next opportunity?

Month Start
Jan 47.450
Feb 38.720
Mar 44.168
Apr 46.324
May 38.343
June 29.564
July 19.376
Aug 23.027

 

The Bitcoin price

BITCOIN SEASONALITY

The Bitcoin seasonality chart compares this year to earlier years. Red signal market in a weaker seasonal period (when Bitcoin historically has tendancy to fall in price). Blue signal Bitcoin market in a stronger seasonal period (when Bitcoin historically has tendancy to rise in price). Do your own analysis and never reply on this as a one and only parameter.

 

BITCOIN IN 2022 UPDATED 23. MAY
Seasonality + 12.1%
Bitcoin - 38%
Current Seasonality Weak to 16. July

 

Looking at seasonality could be very helpful to investing. It is showing you how pricees have behaved in certain timeframes n the past. Be aware of the present timing-point that could act inverse to historical price movements, and trigger / accellerate an already strong existing uptrend or downtrend. Always inhance stop loss at suitable individual levels. They are essential to outcomes. Read Disclaimer below.

BITCOIN PRICE DEVELOPMENT

Daily closings through the lens of strength and weakness.

If readings are Blue or Red depends on the strength/weakness of intraday.se' indicators. This daily overview is not to confuse with the seasonality chart above. The graph shows day to day strength and weakness. 

Don't hesitate to email intraday at intraday.no for more info on the graphs.

BITCOIN MACD AND RSI

These are daily indicators only. There is no directly Bitcoin price action in this chart above. What you see are formulated MACD and RSI levels to signal strength / weakness in Bitcoin.

BITCOIN PRICE CHANGES

This shows you the daily price movements for Bitcoin in percent. Rearly "one day moves alone", meaning if there is one positive (negative) day there is most often another positive (negative) day the day after.

BITCOIN THIS YEAR VS LAST YEAR

Bitcoin for the current year vs last year.

BITCOIN THIS YEAR VS 2 YEARS AGO

Bitcoin for the current year vs 2 years ago.

BITCOIN THIS YEAR VS 3 YEARS AGO

Bitcoin for the current year vs 3 years ago.

BITCOIN WEEKLY

Average weekly trading range in 2022 as of after week 24: USD 5.448.

Each bar is derived from one week of trading activity (should be Monday all the way through Sunday and updated thereafter). Email intraday @ intraday . no for good and bad.

After week 24, weakness prevails bigtime as Bitcoin is - 25% for the week and - 35% so far in June. The chart above is updated after Friday 17. June. Red bars "always" signals weakness, and to change the current view prices should exceed the top of the latest weekly bar at USD 29.785. 

After week 20, there is an inside Red bar on a weekly scale indicating pause to the ongoing downtrend. According to the weekly chart, until Bitcoin is trading above 35.000 there is no change to the current weakness. 

After week 18, chart above updated after trading Saturday 07. May, there is a lower low (34.210) and a lower high (40.313) signalling continued weakness.

After week 16, Bitcoin is showing a lower low and a lower high on a weekly scale. There is weakness in the making.

After week 14, (chart updated post Saturday 09. April) an inside bar is produced on a weekly scale. Trading below USD 42.120 could make the longer term downtrend resume.

After week 10, a lower low and a lower high is seen in the weekly chart. Only trading above USD 43.000 would change the bearish view.

After week 09, there is a higher high and a higher low on the weekly scale. The price movements are choppy over the last weeks and no clear direction. It could all be a consolidation of the latest downtrend, but it is too early to tell. Watch the USD 45.250 area and the USD 37.350 area for further direction.

After week 06, (updated pre Sunday 1302) Bitcoin is making a higher high and a higher low on a weekly scale. Through the Blue bar, this is indicating strength rather than weakness.

After week 05, (updated pre Sunday 0602) Bitcoin is attempting to somewhat turn around seen through the higher low. It still needs to push above USD 42.000 to possibly change the weekly falling trend.

After week 04, another bar of a lower low and lower high is in place. Still heavy unless passing above 41.870 (week 04 high). 

After week 03, there are 10 weak weekly bars. A seasonality turningpoint is just around the corner and could give support to prices in the medium term. For now 34.100 is low to watch.

BITCOIN MONTHLY CHART

The monthly tradingrange for Bitcoin in June was USD 14.358.

May. 14.546, Apr. 9.660, Mar. 11.047, Feb. 11.504, Jan. 15.009.

Each bar is derived from one month of trading activity. Chart is updated after the end of the month.

BITCOIN MONTHLY LAST 3 YRS

How Bitcoin has performed each month over the last 3 years. All negative monthly performances in Red.

BITCOIN MONTHLY PRICE CHANGES

How Bitcoin performs each and every month from January 2011 - December 2021.

BITCOIN MONTHLY #BITCOINMONTHLY

Copyright © 2022 INTRADAY.SE | Tomorrows Trade Today | intraday@intraday.no

2021 - Bitcoin was strong the first 3 months of the year and fell from April through June. Was strong in July and August for then to fall in September, move up in October and remain weak in November and December.

BITCOIN QUARTERLY

Bitcoin prices quarterly developments. Q2 2022 ranged USD 29.800 low to high or high to low. This may differ from the look of the formulated chart below.

This chart shows the development of the Bitcoin price in USD per quarter, where each bar counts as one quarter (3 mnths) of trading activity. Q1 = Jan - Mar,  Q2 = Apr - Jun, Q3 = Jul - Sep, Q4 = Oct - Dec.

Q2 2022, respect to a signalled direction; Following Q1 (low USD 32.972), Q2 was down another - 58% making a new lower high with a lower low. On a quarterly basis prices must get above USD 47.400 to change the longer term weaker view.

Q1 2022, Bitcoin is making a lower low and an lower high on a quarterly scale. The pattern is suggesting weakness rather than strenght going forward.

BITCOIN FEAR AND GREED INDEX

The live barometer from Alternative Me shows the temperature on Crypto Market from 0 - 100. Sentiment analysis consists of: Volatility, Market Momentum/Volume, Social Media, Dominance, and Trends. Latest Crypto Fear & Greed Index

BITCOIN PRICE VS FEAR AND GREED INDEX

Research of the Bitcoin price VS the Fear and Greed index proves there are, at times, significant relationship between the two. This is reflected in the diagram below where the daily price development of Bitcoin is seen through the lens of the Fear and Greed index. Signals are derived into strength (Blue) and weakness (Red).

Bitcoin Fear and Greed via Intraday.se 230522

Rule of thumb to the chart is to be aware the colour of latest bar. Please question or comment the chart to intraday @ intraday.no

BITCOIN AT INSTAGRAM

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BITCOIN IN 2021

Below are details on Bitcoin from the last 2 months of 2021.

Each bar is derived from one week of trading activity (Monday through Sunday).

After week 50, there is another lower low with a lower high on a weekly scale indicating further weakness.

After week 49, there is an inside bar and the color is Red. At the moment, more pressure to the downside than the upside on a weekly scale.

After week 48, the lower low and lower high continues on a weekly scale, working against the historical seasonal trend.

After week 47, a new lower low and lower high is produced on the weekly scale. Seasonality points towards higher prices over the next weeks, but this is against the weekly chart for now.

After week 46, there was a selloff from last week all time high. The weekly chart now shows a lower low (55.670) and a lower high (66.335), signalling weakness rather than strength.

After week 45, Bitcoin has made a new all time high and showing a higher high (68.977) and higher low (60.701).

After week 44, a shorter time-frame seasonal top is in play, but the weekly development is strong, giving the chart a blue bar showing a higher low and a higher high.