-White Vertical Lines = Previous ATH -Blue Box = Distribution/bear market -Green box = Break out from previous ATH to new ATH - We are just BARELY seeing BTC breakout from the previous ATH. - Based on past cycles, I'm guessing this Bull Run will gain 100-300% and peak between August '24 and Jan '25. - The yellow, orange, and red lines show where these % gains...
- Resistance coming in at 37900 has been broken - Indicators appear to support the breakout - Look for 37900 to become new support - Volatility is putting in a higher low - RSI is about to cross the EMA and enter bullish control -Volume is above EMA showing that it supports the move
- Resistance coming in at 37500, which happens to be that legacy trend line I put in years ago -Support 34400 -Volume is above EMA showing that it supports the move -Volatility bouncing off the bottom edge and heading upward -RSI above EMA and well within bullish control. -My plan is to DCA and buy big dips -LETS GO!
Happy Halloween! Its a boring morning in Bitcoin land, pretty much the same analysis as the last couple days. -34500 resistance -Waiting to see where support catches it, I'd guess around 33k, but right now it looks like it could even be 34k. -Volatility remains high (91%)but waning -RSI remains just above the EMA, but will cross below it if price reaches...
10/29 -34500 resistance -Waiting to see where support catches it, I'd guess around 33k -Volatility remains high in bullish control but waning -RSI remains above the EMA, it took a little dip but kinda bounced off the top side of the bull zone and has actually begun to curl back upward slightly. -Maybe this gives BTC another little up move but I still expect...
10/27, BTC, 4hr - Looking at it todays price action from a 4hr perspective tells a slightly different story. -10/23 printed a bearish divergence, the move was met with low volume and may even be played out now that ocsilators are turning back up -RSI seems to be resisting off the bottom of the bullish control zone, but it looks like it wants to maintain...
10/27 (same rough idea as 10/26) -Current price 34165 -Hit some resistance at 34500 again -Support at 32900 -Volatility still at 80% and beginning to curl over -RSI has curled over and will continue falling below 34500
-Current price 34165 -Hit some resistance at 34500 again -Support at 32900 -Volatility still at 80% and beginning to curl over -RSI has curled over and will continue falling below 34500 -I'm looking for indicators to cool off and reset before the next move in Price -Worth keeping in mind that volatility is still high and now that RSI has turned downward, COULD...
10/25 -Maintaining 34k -Volatility is at 80% and has started to wane. -Volatility will likely begin a reversion to the mean, however, high vol. is still high vol. meaning big moves may still be possible. up AND down. -RSI actually continues rising above 34k. -I think we likely see price action go sideways for a bit and let the indicators cool off before setting up...
10/24 - Broke 30700, smashed right through our next target at 31800 all the way up to 35k. - 32k is now support -Volatility is almost maxed out, suggesting the moves will be getting smaller as it reverts to the mean. HOWEVER, I do not make bets against high volatility, it is STILL volatile and pointed upwards. in a high vol. environment, these big moves can go...
I don't think any explanation is really necessary for this lol
Oscillator crossing oversold levels back into the bullish control zone, RSI EMA has a nice upward slope. Price action bounced nicely off of the 200 EMA, SSL has flipped Green, and VWAP has just crossed back about the mid line while money flow is in the positive. Looking for another small move, but mostly testing out a new strategy. Lets go!
Oscillator flashed BUY signal a few days ago, but the EMA of the RSI still had a downward slope so I wanted to wait until it started to turn upwards. Price confirmed bullish bias with a bounce off of a year long support line. SSL has also flipped green. Not looking for a huge move, but I think it's fair to expect to reach the 1ATR level, at which I will lock in...
Personal Journal. Position info on chart First trade trying out new strategy
Alright, Possible bullish setup currently forming. about 4 minutes left on this candle. If this next hourly candle closes in the lower Donchian Channel,but above the 50MA, I will look for a new high on the next candle, which will be my initial trigger. If that is the case, I will wait for the green SSL to cross above the red one. If these occur at the same time, I...
Bitcoin 4 hour chart is showing me a bullish signal. Price has been in the lower Donchian Channel but staying above both the 50 and 200 ma, which are exactly where I had previous SR levels drawn. I'd like to see it on a Daily, but the 4h seems to be on of the most accurate for crypto. Probably due to most crypto people being impatient. That price action combined...
Higher Lows in Price Action, Lower Lows on the Stoch. Hidden Bullish Divergence...We'll see about that