from 2021 to today, BTC has formed a major channel. The Range value area and POC also match cleanly with the move from ATH.
DOT ETH pair is trading at the lowest levels going back to the beginning of the pairing. Up only, baby! DISCLAIMER: I am not a financial advisor, this is not financial advice; do your own research; brush your teeth everyday; change your oil every 3k-5k miles.
I’m guessing it pops to the upside, b/c if not, then the market is f’d
4-HTF confluence with fibs, speed fibs, high volume node, range anchored vwap, and 55 vwma.
After falling outside of the Big Mothaforkin' Pitchfork BTC hugged along the 1.236 until it reached a key level on the Big Mothatimin' Fibtime . My expectation is that it continues up with reactions at key pitchfork levels... the 50-53k range seems to be the first up for a major reaction.
Compelling macro cycle activity pending for gold. Each previous cycle has moved 800% or more from the previous bottom. That puts GLD at approx. $8k be the end of the decade with few setbacks along the way.
The Big MF'n Pitchfork says that there is a Huge MF'n Fibtime next weekend
These charts always get the best likes b/c people like to be happy. Also, I should mention that I am biased to the parameters of the log growth curve, b/c Math. I would also point out the March 2020 was a strong reinforcement of the log curve bottom, and if we get a hyper deflationary general market, i would expect a similar wet paper support, and this could...
618 bounce... blue skies ahead (until rejection at the .5)
what if there are fewer cycles then typically imagined? did btc just hit the 1.618 from a previous cycle marking a new bear market? how low will it go? when will it recover and how high will it go?
one of my most memorable trades was gold in '05 and '08. this consolidation between 618s is very reminiscent of those times right before that 2nd move.
Take a look at the 2017 bull market that started when BTC went over and held the 21 week EMA. It on to touch the 21 Weekly EMA several times before running away to parabola land.
What is this fractal prior to the 2017 run? I remember that %60+ drop. This is where the market put me to sleep until the final ATH.