Earlier in the week we saw ETH broke through the bottom of the long term regression channel that goes back to December 2020. I believe this to be a bullish sign, with selling pressure finally alleviated. I've drawn a very short term regression channel just to visualize the 5 days of bullish price action that followed. We see that RSI is turning up, as well as...
After an unprecedented profit-taking surge to liquidate $2.6B in longs over the past 12 hours, we might be asking if ETH will ever break $4,000 gain. But if you accept my theory that there is a natural regression channel that ETH has been following all year, this drop today seems perfectly within balance to keep the price moving toward the mean. While we saw a...
I wanted to see if there was a two week cycle happening in cryptocurrency since January 2021. Certainly seems like the first half of the month is when all the gains are made. This 2 Week interval chart of the TOTAL Cryptocurrency (Large Cap Index) is showing us confirmation that the past 18 weeks have been alternating between red and green fairly consistently.
COINBASE:BTCUSD Waiting to see if 2.618 provides support for the price going forward. It's troubling to see that we broke through and made a strong move down toward the 1.618 line. If my Fib Retracement is applied correctly, this break-through may signal a further correction to $42k for Bitcoin. But today we observed the price returning to 2.618 and perhaps...
The purpose of this idea is to track the recent bearish trend of the past two weeks, and determine if it's going to break out through the bottom of the longer bullish trend going back to January 1st. I've picked April 1st as the day this chart should indicate, rather clearly, if we remain in the long-term bullish trend toward $60-70k. Or will BTC break through...