NebraskanGooner

NebraskanGooner

Please see notes on the chart. Looks like a HTF breakdown which usually sees at least a 50% retracement if not FULL. A close below the 99sma (orange line) would fully confirm trend change.

NebraskanGooner

🚨ON BALANCE VOLUME INFOGRAPHIC Why do we like On Balance Volume (OBV)? It can often be a LEADING factor of price action (Volume precedes price). Notice OBV leading price here and even breaking out prior to the price break out, leading to a beautiful move to the upside.

NebraskanGooner

Here's my primary Bitcoin scenario barring a close above or below this line which sits at 43,800. More notes on the chart.

NebraskanGooner

Possible 4H bottom forming here with bullish pattern breakout. I think this can revisit $13 area.

NebraskanGooner

Here's a different view of the bitcoin vs nasdaq fractal

NebraskanGooner

This double top structure on Bitcoin is a bit concerning especially when we see how similar it is to NASDAQ and how that played out.

NebraskanGooner Updated 

Just something I'm monitoring on the Bitcoin 4 hour chart. Volume profile matches up pretty well.

NebraskanGooner

Could see a pullback to sub $4 here as I'm cautious of this breakdown. I'll be considering setting some bids in the green area for a nice bounce play.

NebraskanGooner

Weekly looking bullish here with a cup and handle pattern. Top Goon X (my custom indicator) also giving us fibonacci criteria for a move. Breakout target: $5,000+

NebraskanGooner

Directional Movement Indicator is historically very reliable for clues on trend direction. I separated the indicator into two parts down below to make it easier to view. Currently the indicator shows us in bearish/neutral territory. Long term it's showing extremely bullish trend. More notes in the chart:

NebraskanGooner

Something I noticed as price has reached an important resistance level. Figured I'd share.

NebraskanGooner

With last week's close Top Goon X confirmed a "strong sell approaching" alert. This is only the third time the alert has been given on the weekly time frame. Top Goon X is an indicator developed to read bullish/bearish trends and warn of reversals.

NebraskanGooner Updated 

If we're in a bear market, we could expect to see Bitcoin revisit sub $20,000 one more time before it's eventual move to over $200,000. Possible targets are $17,000 and $8,900. I'd expect a very strong rebound if price reached $8,900 and I think the next month would be the biggest green candle in Bitcoin's history.

NebraskanGooner Updated 

What could trigger the next parabolic bull run? A monthly close above $13,900. Historically when BTC closes above the previous ATH close it rises an average of 4,000% in 182 days. A conservative valuation based on previous cycles would make 1 BTC worth over $76,000.

NebraskanGooner

The most bullish thing Bitcoin can do right now is correct back to $40k levels During 2017 bull market exactly 217 days after the 0.382 fib retest from the previous ATH we saw a 30% correction We're now exactly 217 days from 0.382 fib retest of the previous ATH. A dip would be an absolute gift. I would expect an extremely parabolic move to follow if a dip occurs.

NebraskanGooner

The last day of each month has closed red in a tight range almost every month since December. The one green close was a doji. BTC price tends to see a small drop prior to a bullish move to start the month. Interesting to see if the pattern continues.

NebraskanGooner

Looks like BTC is developing a bullish descending channel. Great for the future, not great for the present. Rejection of my EMA's will likely see us drop to new local lows. I'm still hoping to see my long term LTC target of $18 which would match up well with a drop on BTC to $2900.

NebraskanGooner

My indicator is showing a "strong buy approaching" signal on Litecoin's weekly chart. The "support buy" is not based off the indicator. It's more of a level I may consider buying as a support level. It's a logical bounce spot if I were just using PA to chart. The two lower levels are conditions set by the rules of my indicator. The 0.786 fib level is typically a...