All lower time frames are BULLISH. Medium time frames are all BULLISH. Only Daily needs Gaussian Channel to turn green for confirmation of continued uptrend. Close above $9586 looks to be outside Daily channel, causing Gaussian Channel to turn green (BULLISH). If we get a full candle open and close above $9586 in next few days, we are setup for daily and weekly...
Everything lining up to be Bullish on 1HR and 4HR charts. Bullish EMA Cross, bullish Wycoff Trend, and Bullish RSI divergence on 1HR. This should carry to the 4HR chart, and thus to the Daily. Weekly and monthly trend is BULLISH. If we close around today's highs, we may get a bullish hammer which should continue the uptrend. Thank you for liking, commenting,...
There is a SMALL possibility of bearish reversal if price closes below red dash line (8PM EST new daily candle). I DO NOT EXPECT BEARISH REVERSAL. Since Weekly view is bullish and indicators on 1HR chart are bullish, or just turned bullish, the LONGER TERM BULLISH TREND IS INTACT. Based on Gaussian Channel and price exactly hitting the bottom channel, I feel this...
All signs on 1HR chart point to completion of the Bull Flag pattern on 1HR chart. Completion of this 1HR pattern should see us get past 10K to prime this rocket engine for liftoff to 20K pre-halving. Price above EMA ribbon is positive. While bull flag completes and is above EMA ribbon, pressure build and then we get a big move. Anytime Gaussian Channel and EMA...
GBTC has now finally gone down to touch it's 200MA. I think we go up from here. Only gapfills are above current price action. Possible reversal here but this is getting close. Reasoning GBTC inflows highest since inception (current quarter). More Bitcoin wallets holding over 1000 BTC. Smartmoney is buying. Dumb holders buying high and selling low are giving...
From my original post – “Bump and Run Reversal Bottom?” I see our current GBTC pattern as identical to the BTC pattern as a “Bump and Run Reversal Bottom” with a few differences. ThePatternSite defines the shape as a frying pan, tilted down, with the handle on the left. It is ranked 1 out of 56 (1 being best). See my other post for more details on this pattern. ...
Let's see which one plays out...