XLM Move?XLM has sputtered out over the past day or so. Falling prices and lowering volume were a bad sign.
However, every time frame has oscillators bottomed out meaning this recent drop could be a shakeout before the move.
I believe we will see a big up side move soon as it is so primed for said move that it would take little volume for large upside moves.
What are your thoughts?
CRPTOCURRENCY
Reversed Gann 185k Cycle Top (Bitcoin)Out of all the cycle top ideas I have published this is the one where things seem to line up together pretty well. Its unreal really how everything lines up, FIbonacci Time Zones , the Genesis line (click link below to see) , the 4/1 ratio at 20k.
Everything points to 185k Sometime in early January 2022
ibb.co = Genesis Line
Ethereum Cycle Top Idea (80k)I know its ridiculous right 80k Ethereum is that even possible ? Well Gann Fan showing that really it is possible , the 2/1 ratio line is most likely going to stop Ethereum in its tracks right I don't see it pushing past this ratio but even if Ethereum just touched this line it would be something special. So lets see what prices Ethereum would be touching the 2/1 line by month
June 2021 12k
July 2021 16k
August 2021 18.5k
October 2021 21k
November 2021 24.5k
December 2021 30k
This area in the yellow circle is where Ethereum will reach its cycle peak most likely. I have included Fibonacci time zones as well and I get a date of June 2022 ,interesting because my intracycle top idea for bitcoin peaks in April 2022. So lets say Ethereum did peak june 2022 on the 2/1 line it would put Ethereum at 80000 dollars.
Puell Cycle Top TimeFrame (BTC)The Puell Multiple is going to be the key for knowing when the cycle top is reaching its conclusion. Is it going to tell us the week or the day? of course not this is one of the reasons the Pi Cycle failed because there will never be a model that gives you the exact date of future events unless you discovered a crystal ball in that case DM me.
So with Puell , we can get a possible idea of the cycle top, you can see clearly that whenever we reach Extreme Zone 2 (Yellow Circles) a cycle top is reached. Also this area I marked in red has a lot of confluence, price reacts very aggressively in this area , last cycle those 40% pullbacks touched this area time and time again.
At the moment we have come right down to this confluence area so a big move is building up in the background. When price broke above this confluence area last cycle , it took 230days to reach cycle top if the cycle repeats the cycle top would land somewhere in August 2021. Something to keep in mind also is that whenever we broke past Extreme Zone 1 (blue box area) price peaked within on average of 21 days , things move very quickly once we enter this zone.
www.lookintobitcoin.com
Gann Fan (BTC)This area here is high risk for entry for longs, wait for at least a 4hour close above this resistance line ratio of 4/1. If we close above we just have one more resistance area to break before we move to all time highs of 70k plus .
Now a rejection here would be a classic bitcoin bull trap and we could see much low levels maybe even a retest of 53-55k. At the moment we have four six hour candles rejected off 4/1.
Inverted Perspective (BTC)Sometimes inverting the chart can give you a interesting perspective on price momentum. simply right click the price list on the right hand side of trading view and a drop down box will will show "invert scale" , you can even do it now as you looking at this TA.
Not looking good for now , if we break 2/1 we could revisit 50k.
Path to ATH (BTC)Price needs to break past a few layers before we can see a all time high again , price hit ratio 1/1 and has had a massive bounce and also closes a 4hour candle above the next ratio 2/1. So far things looking good but everyone should be cautious until at least we break 4/1 at around 59k.
44000 Possible Bottom (BTC)The 4hour RSI is forming a triangle with a decision point by May 4th 2021 which also aligns with a Fibonacci Time Zone.
The 4hour RSI also has formed two lower higher points , to early to call bullish divergence but a third lower high and we would start to see momentum shift.
Important Points
44000 is where there 21 Weekly EMA currently sitting
May 4th Fib Time Zone .
Fear and Greed Index 27 (that's only 15 points of COVID fear levels!)
alternative.me
I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." — Warren Buffett