Bitcoin Brutal Megatrend MAs are Turning Bullish

Bitcoin Technical Analysis

  • Bullish SHS pattern variant
  • Rounded bottom
  • Quarterly and Monthly support
  • First TP 18000-18800


D1 Chart Bitcoin

Bitcoin price
  1. Bullish double bottom 
  2. Bullish SHS variant
  3. Entry zone
  4. Target

The Bitcoin is in retracement mode. Crypto winter is not over yet but we see signs of zone protection and consolidation. I am bullish on BTC/USD.

Citing the source “the global cryptocurrency market cap was trading mildly higher around $866 billion, gaining as much as 2% in the last 24 hours. The total trading volume jumped about 9% to $33.10 billion.”

This is bullish in all aspects as we can also confirm with TA. 1600-16500 is the zone where we can see the bounce and a signal for a possible retracement. MEGATREND MAs are slowly turning bullish and if the price makes a close above 17000 this week we should have a move to the upside, possibly to the TP zone. Q L3 stands in the way 17467 zone but we might see a volatility kick and stop grab above this level.

This analysis, all the patterns and all entry signals and targets are a part of the Megatrend system and a trading course. 

Cheers and safe trading,


Summary of October trading results is HERE (click to see)

Cheers and safe trading,


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