If we look in the previous bull run, there are few main points: After the breakout of the falling price and weekly RSI resistance, it took BTC approximately 160 days to make a second peak at 0.618 fibo level Such a movement would take us to about 50k at around April 2023 There are actually many similarities - mainly the big channel that the btc stays in the...
Bitcoin BTC Crypto is forming a possible bullish triangle with a +9% increase. We have broken out of the July 2021 triangle indicating the bottom at $17,600. We should be starting to stabilize above $17,600 over the next month. We are now in the Psychology of a Market Cycle called "Disbelief". This will be confirmed over the next month now.
I think 300 W SMA is the bottom of BTC but we cannot rule out 400 WSMA as bottom. I am accumulating as I believe that 300 WSMA was the bottom, and we are ready to chop
The S&P 500 posted a 92% up day on Friday the 4th day with at least 90% advancing volume since the June low. Everyone loves to be a bear, but I continue to believe the lows are in. Inflation has peaked and the Fed is being aggressive to ensure that remains the case. Everything else is already priced in. We also held the 3900 level which was crucial. This is...
Is Volume Flow indicating $17.8 is the bottom? I was looking at different indicators today and found something very interesting on a volume flow indicator... It shows the negative volume dipping sharply since the recent bottom at 17.8k, and conversely positive volume has been rising. They may intersect very soon. I got curious and looked at what happened in 2018...
I have mentioned in my earlier posts that we are in huge rising channel on the weekly timeframe. On the weekly we are looking bullish, however on the shorter timeframes i see some bearishness. On the daily BTC has printed a bearish engulfing candel which tells me that retest of the bottom of the channel is most likely to happen. But that makes me even more bullish...
As I mentioned Yesterday in my Post we are in the rising channel on the weekly Timeframe,However on daily we are in Falling wedge like last year witch i am expecting to breakout to the upside. Volume is declining and as we go sideways i am expecting big volume spike witch will bring as to the ATH very fast. Another indication that we are going to pump above 100k...
NASDAQ:WISH I think there could be decent upside now. This is the idea that I am trading. #NotAFinancialAdvice #DYOR
#Chainlink has been respecting this log pitchfork that we've drawn for months and months now. We recently flirted with the bottom 2.0 deviation. And we're now bouncing back from pretty big previous ATH support. I'd really like to see the price get above the green box, and above that lower 1.5 prong. I wouldn't be surprised at all to see a more clear double...
Here we have our FET daily chart from Bitfinex and you can see what appears to be an Inverse Head & Shoulders pattern forming .This is good .If that is indeed what it is than we are probably finishing the right shoulder formation now . And the target of that should be our 1500/1600 area again . We thought we might go back there after that Butterfly pattern seemed...
BTC has set a higher low on the RSI, while making lower lows on price, we can see this is in a point in time where we should expect to see continued pressure to move sideways at minimum or make a reversal to newer highs. The histogram outlined on the MACD is also indicating that we are forming a trigger wave which is indicating selling pressure is becoming...
Let's see if the bottom is in, needs to breakout of the Wedge
We are currently at the wave B of the 5th Wave of this ending diagonal. Will this be it?
This might be it! The final diagonal before the great bullrun!
BTC/USD need a pullback to cool off after a nice rally from 4000$ to 7500$. The reason why BTC was pumped hard is simple,traders all time shorted BTC and the whales liquidated this positions. BTC/USD now just hitted the first long term 0.236 fib resistance line which is at 7104$ and also the candle closed below this resistance line(bearish sign)+we have a huugeee...
Observing the charts for both Bitcoin and Ethereum last week, I'm seeing strong support for Bitcoin at the $3800 levels and Ethereum at the $130 levels. If this support continues to hold, I'm expecting a huge sympathy play for Qtum (leverages Bitcoin's security while having Ethereum's functionality). I also no longer think we are in a wave 4 cycle as the...
HODL today, buy Lambo next year. Want moon? You have to be bold/patient (is a virtue) when everyone else is fearful. If you are waiting here, you will never get that $3,000 that everyone so desperately wants. Here comes the short squeeze... Merry Christmas to all you good boys and girls. The greedy will get coal in their stockings. Your's Truly, -racethehair
Here you go pedes, right in front of your eyes, let the magic (whale) show begin! Merry Christmas, and a joyous/wealthy 2019 to all you good boys and girls. The greedy who are waiting for sub $3,000 to buy in (90% of retail traders) will get lumps of coal and short squeezed. Your's Truly -racethehair