JohnnyBGalt

JohnnyBGalt

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JohnnyBGalt

The charts don't lie....

JohnnyBGalt

A little more complicated. 4 log retraces on the 2019 bull market. 1. Bottom to top. 2. Daily averages. 3. Weekly averages. 4. Monthly averages. More detail than lesson 1.

JohnnyBGalt

Part 1. This isn't very special or complicated. You retrace the 2019 bull market from bottom to top using both the Linear and Log settings. Both of these together do a good job and don't require a lot of time....less crowded chart.

JohnnyBGalt

Support found on macro and median bullish angular support. Bottom Confluence with logarithmic .5 retrace. Medium bottom Confluence with .618 Lanier retrace. Uptrend rejected Northern side of macro and medium bullish angular channels. Confluence with the linear .5 Rejection projection. Price corrects to the .5 relative to the latest impulse. Confluence with the...

JohnnyBGalt

Let's see what happens.

JohnnyBGalt

I've outlined what I believe is a most likely path based on retracement theory. This is only a test!

JohnnyBGalt

In this study, we’re going to discuss pendant features and how logarithmic retracements help determine the likely direction of a breakout. A neutral pendant occurs when price consolidates through an equilibrium formed by the convergence of two inversely related Fibonacci channels. If the bullish and bearish influences are balanced, each market impulse inside of...

JohnnyBGalt

On the daily, the RSI is reaching an overbought condition that suggests the linear .5 around 8500 is acting as resistance. The fat yellow lines represent the angular divergence between the price and the RSI. I’ve used an ABC Elliot wave tool to highlight a likely trajectory the price could take. I’ve also made a bearish argument with a triple combo wave tool....

JohnnyBGalt

I’ve replaced the fib channels with parallel channels since it’s easier on the eyes. The solid EMA bands correspond to the default setting of 14,5, 100 and 200. The dotted lines correspond to the Fibonacci numbers 89, 144, 233 and 377. The 233 EMA acting as the firm bottom. The 100 and 89 acting as firm support. At 7800, the 50 EMA could act as support should we...

JohnnyBGalt

Bitcoin: Long Term TA part 2. I’ve cleaned up this chart by removing the fib channels relative to the 2019 bear market and replaced them with simple parallel channels. It’s easier on the eyes. The fib channel in yellow represents the macro bearish angular momentum with the fib channel in green representing its counterpart. The confluence is obvious and the...

JohnnyBGalt

Bitcoin: Long term TA Part 1. The past 3 weeks have been very exciting for Bitcoin. After reaching a trend low of 6440, the price has rebounded over 30%, pushing over $8400 earlier today. With action that leaves us holding our breath, it begs the question. Was that the bottom? Have the bulls returned? Is this a fake-out. Let’s begin by taking a look at the 2019...

JohnnyBGalt

Revised TA. You get the idea. :-)

JohnnyBGalt

(This TA has a bullish bias. Please consider the risk before making investments. This is not financial advice.) Over the past few days, the Bitcoin bulls have returned to the market pushing the price above the all-important .618 linear retrace relative to the 2019 bull market. ($7250 est) This recent move has caused me to change my sentiment from tentatively...

JohnnyBGalt

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JohnnyBGalt

Alright, folks, this is it. Johnny B Galt is at it again. Here you'll find the latest and greatest Common Man Crypto Bitcoin Chart. This is perhaps the most complete Bitcoin Chart you'll find anywhere. Go for it, find a chart that's better. I dare you! Trust the Common Man TA. www.youtube.com Follow for the latest live streams.

JohnnyBGalt

As

JohnnyBGalt

Why not?