Using Gann fans, admittedly in a way that they are not supposed to be used, it seems to give a reliable indication of when Bitcoin will begin the parabolic move to the top. If you draw a Gann fan from the top to bottom of each cycle, you can see that whenever Bitcoin leaves the 8/1 line of the fan, it appears to start a parabolic move to new ATHs with very...
Uptrend detected. I think it's possible we haven't seen that top of this ascending channel yet. Could have more downside too, and the bottom of the channel is around 19k, but I think it's more likely to approach 30k, especially after the picture perfect retest of the descending channel.
As you can see from the chart, during the last two bear markets, whenever we've exited the descending channel for multiple weekly closes, the bear market is over and the bull is on. Could this be the exception? I don't think so. Another interesting thing to note is that the last time we dipped into the green range was in the 2015 bear market.
BLZ has been rejected at the 50 SMA two weeks in a row. Might head lower to .07 before another attempt.
Compound can't quite break out of its long term trendline and the 50 SMA right above that. Might have an explosive move upward to break all of these levels.
ETH has been unable to capture 1690 and is now being pinched between the 50 and 200 SMA . I'm unsure of which way it will head but if it does go up, could be quite the move if it can clear the long term trendline and the 50 SMA .
It can go sideways fast as you can. Link has been going sideways for quite some time and hasn't had the strength to break out of this range or break above the 50, which is now in the range. We might see some more downside, but if it does travel to the lower reaches of the horizontal range, I think in a few weeks it will make another try to break the 50. It's due...
GALA broke out of its long term trendline a few weeks ago with a nice pumperino. It has still been in a nice uptrend but might fall further into a horizontal range and even further. If it continues to pump it could test the 50 SMA.
AR is looking for a breakout on long term trendline. Volume looks strong right now and I think it will break this trendline soon and head toward 15$. The 50 SMA will be additional resistance but it could break that too.
Sushi has been trading sideways for almost a year now. It had quite a lot of bad news in 2022, but most of that seems to have been left behind. Despite the sideways price action throughout all of 2022, the RSI seems to be rising steadily now. It is still under the long term trendline in red, but is nearing the 50 SMA. I think it will soon break the 50 SMA and then...
Lisk was rejected off the 50 SMA but made a nice retest of long term trendline. Should have another go at the 50.
LTC was stopped at the 200 SMA. I think it might move lower to 83 before challenging the 200 again in a few weeks.
STRAX failed to break the long term trendline and the 50 SMA. We could see a fall further back into the range but I think it more likely that it breaks long term resistance and heads to .7 in the coming weeks.
INJ failed to break the long term trendline but has retested new horizontal support and gained the 50. I think it has a higher chance of breaking the long term resistance and challenging $6 than it does falling below horizontal support.
After the retest expect a bounce toward 37 and then 43 if it has the steam.
Avax with a nice retest of long term trend line. I expect it to be up near $29 in by the end of march or april.
2014/15 cycle shows similarities to 2021/22. The weekly RSI was never lower than it was in June 2022 and it has never bottomed below 30 twice in a cycle, though it nearly did in 14/15. It is turning upward again and I expect it to continue that trajectory.
Possible falling wedge. Though volume has remained steady or increased on most exchanges, it is showing signs of falling off. Possibility that we could revisit the bottom of this channel though mid-channel has shown good support. I expect us to break out some time in early 2023 and be over the 50 SMA about march-may 2023.