Bitcoin on weekly TF formed Ascending Triangle and is struggling to break 14 years resistance zone and previous ATH, if the price of bitcoin breaks these zones and enters into long term curve than we will see bitcoin price discovery and new ATH. On Daily TF bitcoin formed big falling wedge well as inverse Head and Shoulders (Pattern within pattern) and the price...
ETH on Daily FT broke descending ML Trendline and at the same time broke and retested Ascending Triangle which is bullish pattern, the target is almost ATH. RSI is on overbought region.
Clearly we could see that Bitcoin is in accumulation zone. We are experiencing the similarity between the 2015-2016 period in a cyclical sense, I marked this chart into periods and divided them into 4 separate parts. According to this division We should be in the 3rd section now. We will see a new ATH after the 4th part. My guess is the first months of 2025 but...
Important regions are marked on the chart. For Strong Altcoins, Strong ETH! The white horizontal trend line is important! 🍁> The Crypto bull season that we will experience in 2024 & 2025 will be stronger than the previous bull season (2020-2021). We will see big rises in terms of major altcoins. 🍁>In my opinion, we had a weak rally in the previous season, we...
Bitcoin on Daily TF formed Ascending Triangle which is a bullish continuation pattern, we can see clearly the price of bitcoin broke the pattern. All fundamental news were good for the market so far and inflation is kind of easing off.
BTC on weekly time frame shows Stochastic RSI indicator on Oversold zone which indicates a big move to upside is coming, looking on previous history we can see clearly when ever this indicator is on oversold zone then the price of BTC move big move up to 50%. Will it be different this time? Time will tell.
BTC price rejected from previous resistance zone which is now our new support zone. the Weighted Moving Average is forming Bullish Cross which indicates upside momentum. If this scenario plays out than we will a good rally to the upside. This bullish cross happened in 2012 and 2016 where BTC price sky rocked, 2023 will be the same or its different time will tell.
DXY broke the parabolic curve pattern and showing weakness and i believe it will continue to downside. This means BTC and other Stock pairs will continue to the upside. All economic indicators are showing some sort of shifting momentum to downside.
BT|C price is consolidating within a horizontal channel and 0.23 fib level acting as support. if that support level broken then the next support zone will be 0.38 fib level or the price will retrace to the 0.50 or Golden pocket of fib levels. There are important fundamental news coming out this week such as CPI on Wednesday and PPI on Thursday so lets see how the...
DXY on weekly time frame is forming a descending triangle which is bearish continuation pattern, if the DXY breaks the pattern to downside then we will see a free fall and RSI is showing downside momentum.
Bitcoin price movement for the last 12 years showed when ever the price crossed the 20 EMA and broke the descending trendline then Bitcoin gone to price discovery. Will it repeat the same scenario at this time as it crossed 20 EMA and broke multi year level descending trendline?.
The chart shows USDC dropped billions of dollar while USDT gained billions of dollars.
Bitcoin price formed Bump and Run Reversal Bottom pattern which is bullish reversal that begins with serious of descending peaks. Excessive speculation drives prices down until reaching extreme lows. The price action then reverses direction to the upside and marks the end of the downtrend.
Bitcoin retested the previous resistance high and rejected now flipped into support (congestion area). Also formed a falling wedge which is reversal pattern. we can clearly see the 200 week MA heatmap acting as support to the price. If the price breaks the falling wedge then we will see the price continues to the upside. The RSI shows there is a momentum to upside...
Monthly bar chart of the TVC:DXY U.S. Dollar Index from 1992 to the present.
This is another scenario which indicates the bond market is going down. RSI is confirming the momentum shift to the down side. Lets see how the market plays out.
The 2nd way that I use an additional window is for correlation analysis. When certain assets move one direction with other moves opposite direction. Both US 10 yr bonds and Bitcoin formed reversal chart patterns. US G 10 Year Bonds formed Rising Wedge and Bitcoin formed Falling Wedge on weekly Time Frame. Both assets broke and retested nicely on their respectively...
This intermarket analysis really helps to understand how money is flowing. I use it consistently throughout my entire process. Here we’re comparing the charts of US Government 10 Year Bonds (Blue line) and Bitcoin (orange line). As you can see, the two move different directions, you can see the US G 10 Yr Bonds broke and retested the rising MYL trendline also...