Friends, I hope you have all had a wonderful week. I haven't been on TV in a while, as I have been using another platform a bit more this week. That said, I did want to put out a weekly chart that was up to date on TV. The main take away: $BTC has had a remarkable start to the month, and I do not see that momentum changing in the near term. Our next levels that...
Friends I present to you a VERY IMPORTANT Monthly chart of $BTC. What you will find is a very simple, yet very profound chart. We have an RSI/Stochastic that is DEEPLY oversold and what appears to be trying to yield a BULLISH cross. IF this were to happen, what would follow would be VERY BULLISH. The last Bull cross of this indicator sent $BTC from $10,000 to...
Since EVERYTHING hinges on the $USD, it is important to see where we are at the moment. Today I have simply taken a Multi-Year Monthly Candle Chart, and taken a basic Fib overlay to identify a possible Top. What I found is that, although the $USD could have more life in it, the upside seems limited. Also of note, we have a MONTHLY RSI/Stochastic nearing overbought...
Friends, this chart is a classic crashing structure. Maybe one more pump to the upside, then its lights out! PS--Its an Inverted Chart. You want this to crash. :)
Good Morning Friends, I hope you all have a GREAT week. I am taking some time this morning to simply update our WEEKLY support Zone. For now the Key level for $BTC to maintain is between the .236 & .382 Fib. Any weekly close UNDER the .236 Fib is BEARISH. I remain HIGHLY Bullish until our cycle top and all this corrective structure has done, is give people an...
This is just an updated chart to show where we are, and the most important BULL/BEAR line on our chart to date. As long as we maintain weekly closes over that .236 Fib, the Bull rages on. If we lose it on a WEEKLY close, Bears take the upper hand. FWIW, I have actually added a small amount of money to my own bags. Time will reveal all things. :)
Similar to $BTC, $ETH has had a text book back test to support. I continue to maintain a BULLSIH BIAS on the entire complex. As long as we maintain PA over key MA's, the best still lies ahead. :)
So far, so good on $BTC holding above KEY support. For now we still need to get back over $48.6K, but for now the worse is behind us. :)
$94.70 is resistance. If we break above that level then everything falls
If we lose that$37.3K on a weekly close gets me out. Equities and Crypto are tied to the hip
$40.7K is key in the short term. If we lose that we head to the high 30's
Friends, please finds attached the $BTC 4-hour chart with the Fib Overlay. The key with this short term chart is to pay attention to price at our key supports and resistance levels. We also have to keep an eye on equities, but I still think our structure on $BTC is solid. Unless we were to lose $42K on a weekly close would I even begin to be concerned. For now,...
This is a quick chart to zoom in on what we are exactly looking at. The key levels reside within our key Fibs. $48.6-$48.8K remains resistance. For support we need to stay over $42.3K. Range bound until we find which level breaks first. If we break up, we will see a continuation in that direction, BUT....If we break below $42.3K, then I would expect further...
This is a chart that details the short term BEARISH argument. We have been above the 4-hour MA ribbon since late July, but we LOST the 4-hour MA Ribbon on Sept 7th and have yet to reclaim it. The other issue is losing the .5 Fib which we have yet to reclaim. Bulls need to reclaim BOTH the MA Ribbon and the .5 Fib on the WEEKLY to start to play offense, as opposed...
While I have posted this chart on many occasions, I still want to reiterate my belief that we still have a 5th Wave to go. If your a believer in the Four year cycle, then that top comes in sometime prior to the end of the year. If you believe in diminishing returns and lengthening cycles, I still think that we have a shot at a MINIMUM of the 4.236 Fib Extension...