This post critically analyses how BTC has behaved after a cycle top with respect to the 200D SMA and 600D SMA, comparing similar periods to 2013-15 and 2017-18 (shown using blue boxes) to the current price behaviour (if indeed BTC has made it’s cycle top this bull run already). PRICE CHART The 200D SMA (shown in Aqua or light blue) and 600D SMA (shown in Teal or...
So I thought I would put some thoughts together breaking down how I am looking at the Macro View of BTC at present, as there is a lot of negativity in the space right now and on CT (Crypto Twitter ). A good way to clear you head from the noise is to step back and look at the chart on the macro level (see the forests from the trees). For simplicity, this analysis...
So I thought I would put some thoughts together breaking down how I am looking at the Macro View of BTC at present, as there is a lot of negativity in the space right now and on CT (Crypto Twitter). A good way to clear you head from the noise is to step back and look at the chart on the macro level (see the forests from the trees). For simplicity, this analysis...
Another way I like to look at BTC's Cycles as measured by the halving's is using zones outlined by historically relevant Moving Average (MAs). Green zones represent historically good accumulation zones and Red zones historically good selling zones (not financial advice, any indicator should be used with confluence with other TA).
A closer look on the previous idea "BTC - Heikin Ashi Candles W-TF" with the Trading Range that is 2021 applied
A good way to look at BTC's intra cycle swings within BTC's Macro Bull / Bear / Re-Accumulation zones is to look at BTC using Heikin Ashi Candles on the Weekly Time Frames (W-TF). This show clearly we have been in a down trend since November 2021. A lot of CT (Crypto Twitter) is bearish long term atm. I have added the 100 Weekly SMA (Orange Line) and the 200...
Same chart showing daily Order Blocks and trend lines.
Showing Weekly and Monthly Key levels and OBs in this chart, we see the trading range that has been 2021 and what appears to be Q1 of 2022. Is this another gift to reaccumulate at the trading range lows or are we done with the bull run cycle of 2021 with a 3x from last cycle ATH and a double top in the mid to high $60USD range?
A Close look at the previous Idea "BTC - Historic Over Bought / Sold MAs"
A Bit of a fun indicator I put together for some dubious speculation; but historically showing we are closing in on intra-cycle over bought / sold territory currently around 35K .... If we fail the according to this indicator we might be looking at macro lows towards the low 20K region....
If we count this cycle as a double peak cycle and we have touched our top on the BLUE line so far this run, then the orange line is our target for the second peak touch (Similar to the GREEN and RED lines in the 2013 Bull Run cycle as measured by BTC Halving).
A closer look at prior published idea "BTC Market Cycles - Worst Case Possibility".
CYCLE ANALYSIS: Most people in the Crypto Market are very fearful at present. While I am still bullish long-term for BTC at this point that we have not reached our top for this 'Bull Run' segment of the current cycle for BTC (as measured by BTC halving's), I wanted to look at what the most bearish scenario I think is possible / worst case conditions most market...
The trend and resistance lines suggests we could either be in for the next break out for silver or another drop in price. Any additional thoughts to add (note I am a newby) :-)?