Nothing but lower lows and lower highs since inception. No idea why someone would invest in this. Nothing but continuation, imo - - > stay clear Where's Jim Cramer "Dump It" button when you need him.
More log for your pleasure. This is based on Annual Log patterns of BTC.
Looking at this chart, would you look to take a short at the golden fib ratio?
Thought this was an interesting view of BTC in HTF on Log with a Fib time that appears to line up nicely. Based on current PA, don't believe it will hit bottom of the channel. However, $20K-$23K level is looking potentially ripe for a bottom, before another parabolic move upwards for ATH over long term. Would prefer BTC to move down sooner than later. This to me...
I've been exploring CME Gaps for sometime. Here in this chart I go through several of the most outstanding gaps left in the BTC market. Tonight was a wonderful example of how CME Gaps can lead you astray. Generally speaking, CME Gaps are filled relatively quickly, and or the gap price hovers closely over the weekend, so the fill almost goes unnoticed. This...
Gann Matrix Upper levels to watch. Fib + tops - - >
Recently found some interesting confluence around $23.8K for BTC. If you like this let me know, or why you disagree. The entire Global Fib "Golden Pocket" from Bitstamp, happens to overlap with the largest remaining CME Gap yet to be filled from Dec 2020. Fib extension from the very top has a 2:2 smack in the middle of the overlap, as well as a 1:1 Fib extension...
BTC price action seems to be respecting this simple channel atm. Uprising channels generally break downwards. Note global Fib retracement levels. How high will it go before another break downwards below $30K, hitting the global golden pocket?
Appear to have found a potentially epic Fib time, starting from the very beginning of BTCs recorded upward thrust. Thought some might be interested, so am deciding to publish this chart. Note it catches the last cycle high almost perfectly, as well as the most recent high at the 4.618. Fib time 5 shows up on Jan 4th 2022. This is closely aligned with many analysts...
Experimenting with Bitcoin high time frame log charts, I began to notice some patterns. Please note: This is a work in progress and by no means financial advice. Highlighted in yellow are two box areas, the rest is built around them. The similarity appears striking, imo. Does this mean the chart will continue to produce and follow these patterns? Log charts are...
Looking at the current BTC downward market structure in log, here are some observations. Purple fan lines extend from last year March low. The white channel fits perfectly between the two most outreached tops, and 4 bottom major wicks down since April. Most recent local wick down landed on the bottom of the triangle (log) and local structure .618. Major trend...
Looks to be flipping a 2 month long major SR trend line. But is it a fakeout? Everyone is watching. Here are some Fib confluences. Trade the levels, up or down. Looks like a major BTC move is about to come, heading to the apex. So maybe it will just continue sideways for the next couple of months hAh
Experimenting with geometric pattern overlays. Everyone appears to have been aware of the BTC 'triangle' forming over the past week+ However, there was a better triangle pattern forming, imo, from a larger major SR trend line angled from above. Attempted several Fib time relations from various points, highs, lows, low to low, high to high. This particular top...
Gann and Fib Fans lining up for confluence on various levels. Experimenting with triangles to find a BTC chart pattern.
I've noticed several small timeframe Wyckoff distribution schematics unfold during this downtrend for Bitcoin., basically after every major impulse down. Wyckoff schematics, like most things in charting markets, tend to have a fractal nature. See attached article for reference. So it is no wonder when you have a large timeframe Wyckoff schematic playout, you...
TRX Tron is showing confluence for an upside swing to hit 0.175. It has just broken out to the upside after a bump and run, a three drives reversal, within a descending triangle. An additional confluence point to take notice: It has also hit the Fibonacci Golden Pocket retracement level. Overall market structure looks bullish.
Ethereum has been following several channels. ETH spent some significant time inside the bottom two channels, and has now entered a new top channel. Will it spend as much time within this upper channel? If you scroll back you will see this upper 3rd channel lines up with another trend line from months back. Wanted to share this chart, it may be helpful as a base...
Bitcoin appears to be following a short term channel within a larger pitchfork.