BTC is moving up and stalled in the third healthy pullback. An indication of a continuation patter can be read in pullbacks reducing the price variance between high and low, and are also becoming shorter in time-range.
The rate of SNP at which recovered since the bottom on March 23rd 2020 is regressing into a logarithmic recovery (see blue line), which is similar to the bottom of December 2018, although not as steep as 2020.
In 2018 the recovery stopped when we reached the previous high around $2,940, then we saw a a fibonacci retracement to the second level ~$2,726 .
If this...
The movement of the SPX are reflected in the VIX (volatility index) but the signal seem to arrive when the SPX index is already too advanced in the retracement. The SKEW signals earlier on. The signal from SKEW starts with lower lows, then the volatility increases and SPX dips.
Sell when the SKEW starts hitting lower highs, then BUY when the VIX index is peaking.
$BTC is currently trending down within the pink channel. It could bounce off the pink line representing the bottom of the channel, or go a little lower to touch the 50 SMA.
Currently the ALTs are also suffering and bleeding, but not at an alarming rate like when major bad news occur.
Is probably ok to remain in the market at this stage, as this might be a simple...
We finally started bouncing back of the 50 SMA on the daily. This also matches with the parabolic channel (in red), the fibonacci levels and is also approaching the end of the previous bear period ( about 58 days). At this point the price could still fall through the 50 SMA but I am more bullish and think to enter a long as soon as we see clear upward momentum.
I...
$BTC seems to bounce back and forth between MAs like a pinball on the moving averages. Some price levels are on the 1H chart, some other on 2H, 4H andwe might be approachign the daily levels of the 50 SMA too so I have made a Pine Script to plot all the SMA with an increment of 50 on the same timeframe. Pinks are the 50 and 200 SMA.
At this point I am not...
This is a very long shot, but there seems to be a good correspondence with a fibonacci sequence an the time at which these retracements are occurring. Based on time analysis I have looked at how much each wave has pulled back using the Fibonacci for the price. Based on this it seems that each wave pulled back between 30/50% before going up again.
This gave me...
