Even though BTC doesn't seem to be doing much, it's still worth looking at what the indicators are saying - in this video I discuss short term time frames using the Phoenix Ascending and Bad Ass Bollinger Bands indicators by @WycoffMode (free) The TLDR is this: BE CAREFUL Until we see a clear break either way, we're in speculation mode (swing traders). Scalpers...
In this video I use indicators to do what they do best - indicate. They don't predict, not do they tell us what to do. Technical analysis is about finding confluence, and heaping confluences together to increase the odds of a particular price action happening. Here I use three indicators - Market Cipher A (Cryptoface - Paid), Bad Ass Bollinger Bands and Phoenix...
Using the Pi Cycle Bitcoin High/Low indicator, I have a really rough estimate at whether the indicator may cross before the end of the year. Don't look for advice here, or science, or even well rounded Math - this is strictly an artistic look at whether price could cause the moving averages to cross. If you find the thought process entertaining, leave a like,...
At today's daily close we got new 3D, 7D/1W, 2W, 3W, 6W and 9W candles, so now's a great time to have a fresh look at the charts... ...and it all looks bullish long term for Bitcoin! Leave your comments below if you agree, disagree or have questions.
As we come out of a tumultuous week for most markets, Bitcoin indicators are showing a lack of volatility and no real direction yet. That's probably good for those who need sleep... Not advice, only guesses.
ADA is a tough chart to read at the moment in the Near Term - seems to indicate sideways movement until we see a potential Fundamental news item have some effect? That really means the risk is to the upside, so for anyone wanting to invest or invest more into ADA, make sure you consider dollar cost average or simply take the plunge... Well that's what I would say...
Analysis of the charts from 4D to 3H giving us an idea of what to expect from BTCUSD over the next couple of days. This is not financial advice, merely the musings of a munted minstrel.
Forming a triangle pattern right now. have we seen the lowest price bitcoin will ever be, or is there more to this downward momentum?
Well, that moved sooner than I thought but still in the box of fluffy ducks...
Range-bound price action is getting squeezed ever tighter. It looks to me that sometime in the next 1-3 days BTC will move. Which way? Well, the dominant trend is upwards, in a bull market, so it would make sense to move up. However, Market Makers know this, and they may wish to drive prices down first, either briefly on a Liquidation Hunt, or for an extended...
Come Learn With Me: Cardano seems to be moving sideways - where is it going next? This Channel is for sharing what I learn as I learn it - if you're learning as well, join in and share your thoughts in the comments below. Not Financial Advice, for I am merely a clown. Phoenix Ascending and Bad Ass Bollinger Bands by @WyckoffMode
Come Learn With Me: Join in with a little analysis of the recent move bouncing down from $50K This Channel is for sharing what I learn as I learn it - if you're learning as well, join in and share your thoughts in the comments below. Not Financial Advice, for I am merely a fool. Phoenix Ascending and Bad Ass Bollinger Bands by @WyckoffMode
With new candles in the 24H, 2D and 4D charts, what is happening with the energy, the Blue LSMA, Red RSI and our trusty Green Line? This is only a conversation, thinking aloud as we watch the old candles close and their effects on the indicators. Phoenix Ascending Indicator by @WyckoffMode - follow him for more education and much more in depth analysis of these...
Looking at a race beginning between the White Energy in the 90 minute and the Red RSI in the 3H. What does that mean for the indicated price action? Of course, nothing is guaranteed. Except that this is not Advice, merely educational study. Even as I type this the price action has shot up to $47,200 Doesn't mean we shouldn't keep watching closely!
If this Red RSI in the 90 minute closes below 50, then the white energy in the 90 minute needs to close above 50 before the Red RSI in the 3H closes below 50. Right now, with that angle of descent, that looks unlikely. AND, if the 12H Green closes below 50, especially with the Red RSI heading down strong with it, we could see a Bearish move to the Yellow Basis...
This is an updated version of my previous chart - some numbers refined, those in the future either explained or estimated. Also, two indicators added that seem to be consistent in their signals - Pi Cycle Indicator and Puell Multiple, both by Look Into Bitcoin (available to their Patreon Subscribers, highly recommended - go to lookintobitcoin on the internet)
Bitcoin has been consolidating recently after its impulse move to $42K. My analysis suggests a move soon, but to know which way we’ll need to watch price action closely. One possibility is a brief test of $30K, before another uptrend. This aligns well with BTC’s bull market phase, as well as other fundamentals like money printing in the US. But it doesn’t HAVE...
I'm not the first to create this chart, but in recreating it I got a real sense of the rhyme of Bitcoin repeating cycles, and it's a powerful thing! Obviously, everything that "happens in 2021" is a guess right now, but if nothing else this will help me explain to my family why they should be long BTC until this theory breaks.