MY SAME CHART NOW ZOOMED OUT TO THE DAILY AND ALL STILL MATCHES UP WITH BACK-TESTING THE BREAK OF THE 21 EMA, WOULD FILL THE GAP AND A WICK INTO THE GOLDEN POCKET AND REBOUND UPWARD WE HOPE! SEE MY HOURLY CHART CHEFRUSTY
gap has gone up to 7645 with current BTC premium on CME's. I could see a dip to the "Golden Pocket" of the latest swing low to swing high. pointed on chart. then hopefully a higher low is created and we go up and make a higher high above 9500
NOT THERE YET , BUT IS FORMING
BTC CME HAS HAD A PREMIUM OF ABOUT $75-90...GAP IS AT 7625 ON SPOT...HIT THE 32%, BOUNCE UP TO THE 23%, NEXT TO THE 50%, BOUNCE TO 32%, THEN THE GOLDEN POCKET AREA TO FILL GAP
I MARKED A FEW POINTS OF INTEREST ON THE HOURLY,,,A VERY LOW TIME FRAME, BUT A GAP CAN GET FILLED WITH A QUICK DIP TO $7650-ish THERE ARE SEVERAL LEVELS OF SUPPRT UNDER THAT 3 DAY-21EMA BOTH 200'S WITH "X" HOPEFULLY IT DIPS TO FILL AND THE BACK UP AGAIN?? MY GUESS IS DROP TO $7615 SOON, FILL, CATCH A MOVING AVERAGE FOR SUPPORT AND HEAD BACK UP...HOPEFULLY...
IS BTC GOING TO RETRACE TO THE GOLDEN POCKET OF THE LAST UPWARD SPIKE...61.8%-65.0% FIB RET(BLUE SHADED CHANNEL)...= $7610-$7625 ON SPOT?...WITH A CME PREMIUM OF $75-$90....WILL IT HAPPEN SOONER THAN LATER? THAT WOULD ALSO EQUATE TO BOUNCING OFF THE 4HR 21EMA PLAY WITH THE CHART ABOVE...IT'S BUSY BUT LOTS OF DIFFERENT TIME-FRAME LEVELS ARE INLAYED ALONG WITH...
BIG PUMP ON BTC BUT A GAP WAS FORMED BETWEEN 4 AND 6PM ON SPOT...SPOT CHART IS AT 7615...CME'S HAVE ABOUT A $75 PREMIUM
YES BTC IS IN A DOWNWARD TREND, BUT HAS TO BREAK SOME TIME, AND DUE TO TOUCH TOP SIDE OF DOWNWARD CHANNEL...THIS IS THE SAME CHART I HAVE POSTED SEVERAL TIME, SO LOTS OF PERSONAL NOTATIONS...SORT OF "BUSY", LOTS OF MOVING AVERAGES OVER-LAID FROM DIFFERENT TIME FRAMES...AND YES BTC WOULD HAVE TO BREAK PAST THEM, BUT... I DID NOTICE A BULL FLAG ON THE 3 DAY TIME...
200 SMA AND 89 EMA BOTH CLOSE TO 7600...ZOOM OUT...IF WE BREAK TH LARGEST SYM TRIANGLE MEASURED MOVE TO $17000 STILL A BUSY CHART, BUT ONLY WAY TO MEASURE PROGRESS OF A LONG TERM IDEA
$7600 IS THE 50 EMA, AFTER A POSSIBLE DOUBLE BOTTOM...UP FROM HERE TO THE 200 EMS/MA...BUT BEARISH CROSSING OF MOVING AVERAGES???
EXPAND. ZOOM IN, SO MANY TRIANGLES, CAN MAKE YOU DIZZY... EMA's AND MA's... HIGHLIGHTED FROM DIFFERENT TIME FRAMES, USING 2 DAT BTC BITSTAMP. SHOWING LONG TERM UPTREND. I HAVE POSTED SAME CHART JUST KEEP ADDING TO IT. BTC IS BREAKING THE MIDDLE OF THE DOWNWARD CHANNEL, HAS COVERED THE FUTURES GAP, AND SHOULD TEST THE HIGH END OF THE CHANNEL. MANY RESISTANCE...
Just want to share something I noticed on the BTC/USD long term chart(using 3 day in this image). Play with the chart and expand it. BTC is in a HUGE ascending channel , middle is marked in dotted line. Follow my thoughts...Something to ponder...long term... please reply with your thoughts after digging into mine. Starts in 2013 when BTC was only $25 There are 3...
I posted this earlier this week and we are holding the triangle...barely...expand to see bubble notes ...it is messy but lots of info trying to inlay other time frames on the daily...would be really cool if BTC could run up and break the top of the triangle around the 20th-22nd of August and go to 16K....but need to pass the Daily 21 first...or we break down tho...
New to Publishing not Charting, but didn't know you could not change the time frame when viewing as a "Viewer" so.. Here's the same chart using the 1 Day time frame Copy of the 4HR notes below: This chart contains many variables, uploaded on the 4hr time frame. In an UPWARD TREND (Bull Market) ...Once the Golden Cross is confirmed, on the 4hr chart, Price...
This chart contains many variables, Large Blue Triangle is Made on the Daily using Candle Bodies, No Wicks...it was uploaded on the 4hr time frame. Please play with the Daily & Weekly to see what I see. History Shows... In an UPWARD TREND (Bull Market) ...Once the Golden Cross is confirmed, on the 4hr chart, Price Action will come back and test the 200 EMA or...
Still long term bull, but, this shows some weird numbers, both on the top and bottom of the current trend
IF WE CLOSE A 2-4 HOUR CANDLE ABOVE THE 21 EMA OR 11900 OR HIGHER WE BREAK UP TO 16K+ OR IF BELOW THE 377 EMA WE BREAK DOWN TO 8500-
Just a thought