Orriginal

Orriginal

Reposting this WEEKLY Bitcoin chart with the addition of the 2 most recent Events in financial world and the impact on Bitcoin Price We have a way to go yet but PA is recovering losses since the LUNA collapse and is showing strength where many did not expect to see it It would seem that, Long Term, Bitcoin has More of a future than TradFi is comfortable...

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GOLD has been getting rejected off this upper trendline since August 2020 and it looks like its going down again This could simply be because despite the issues with banking, the DXY has , as ever in times of trouble, been gaining value. Will GOLD Ever break this trendline ? I have been asking this since 2020, when PA came out of the CUP pattern it had...

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I posted this idea a while back, saying that this was a possibility. Just amazing how this appears to be playing out Bitcoin PA repeats 2013 action, to the day. From ATH to the day PA went under the 50MA, then the number of days Till PA retest resistance of 50MA, went back under and then, finally managed to break above 50MA has Just gone back blow PA...

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This chart has a lovely little item called US INFLATION indicator. As you can see, on this daily chart, it is showing the current rate of inflation at the bottom of the chart Forecast figure was 6 with a previous of 6.4 - it has not been reached and yet, signs are that the FED will likely not raise interest rates again at the end of the month From now till the...

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As with many other Markets, Crypto took a Dive as fears about SVB came tot he surface but as soon as ideas of safty came out, Look how it recovered. This is one of the MAJOR advatages of Crypto, it really is 24/7, trading any day and at any time. Some people Still cannot get their heads around that. Anyway, Look at the Volume that came in. thats shows Huge...

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As we see the DXY slide back down and confusion in the TradFi markets. Money is moving out. GOLD is the traditional path for retaining Value but it has been in a long Term horizontal channel and is currently facing strong resistance on the upper trendline. Meanwhile, Huge amounts of money have come into the CRYPTO SPACES Gold id in a good position, above the 50,...

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#Bitcoin Weekly Still in channel, MACD Bullish , just come up to 0 RSI hoovering around 0 Mayer Multiple still over MA PA just waiting on FED nxt week and SVB now. Over all, PA Bullish but under resistance Fundamentals need to allow PA to push higher, the Money is there to do it. We have to see how the TradFi copes with SVB over the next few days and what...

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Bitcoin made it back over the 392 fib line over the weekends trading as sentiment becomes more positive This week will be important and BTC PA is likely to range between the 236 and 382 till we know what the FED is doing with interest rates and what is gong to happen to SVB Cation is a good idea but intraday could be beneficial

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So, Lets get this Right - BINANCE ( the worlds Largest Crypto exchange by volume) faced and survived a Bank Run last month, with out a single flutter Silicon Valley Bank faced a Bank Run and had to close under emergency procedures with in hours And you telling me CRYPTO is a liability ? Simple fact is this may cause "contagion" and the DXY will reflect that - IT...

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The chart speaks for itself mostly. PA still in long term descending channel, Wicked down to lower trendline and found support VRVP shows a lot of resistance above and not a lot of support below IF PA breaks out of channel Fundimentals right now are very Biased against Crypto and to many extents, unjustified. IT is the simple Fact that Crypto has been relent on...

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To many extents, this pull back by Bitcoin could be considered healthy, testing new support before continuing up. But as many know, this pull back is being blamed on the SilverGate bank closure. But while the fundimentals appear to be spelling Doom and Gloom for Crypto, I am still looking at how Oversold it all is now. We have around 2 weeks till the FED...

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As you can see in the chart, it would seem that history is repeating itself a little on the PA There have been many that look at the PA from 2013 and draw similarities but I've not seen this and so I will post it again It Must be noted that there is a tolerance of 7 days to these numbers as a weekly chart has 7 days, but its near enough as you can see Using...

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So, After Mr Powells speech of doom and Gloom, Bitcoin lost around -3.3% PA wicked down to the 200EMA and bounced off that. It is important for PA to remain above this level as it is also the neckline of the FTX Crash recovery. Dropping back into that area would not help Sentiment. this also happens to be the 382 fib retracement line. Usually acts as...

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Here is the cause of inflation - OIL As its price rises, initially, nothing changes ( Arrows) But once the increase in cost is begun to be felt Retails prices rise to cover increase costs of manufacture, transport, staff Staff demand more wages so they can buy goods Repeat Then The FED comes in , raises the cost of Borrowing, putting pressure on retail to...

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DXY 4 hour PA coming into an area where it is getting squeezed, Currently may reach 104.7 before it faces rejection or needs to push through long term resistance today / Tomorrow Mr Powell ( Fed, DXY support agency) will talk and either upset or support markets with news of the FED opinion on rate rises. Expectation is that 25 points is incoming but some talk of...

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The daily chart once again shows us that Bitcoin has got a huge amount of support. Despite repeated FUD against BTC by banking organisations like the FED and IMF, it continues to run along the lower trendline of the channel. The latest "trouble" by Silvergate has produced a lower sell off that I think people expected The TA show us very nice things MACD &...

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Bitcoin, on a TA basis is in a great position now. MACD coming up from under to touch 0 and is still Bullish, PA is above Long Term resistance and still with a lot of support below. The Danger for Bitcoin right now is more from Sentiment and other Markets. Gold for instances is showing strength once again as people run back to the stable "store of Value" but,...

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For the last 6 weeks, DXY has been held back by te 768 fib line and yet it kept trying, and so, now, we see PA approaching OverBought The StochRSI is getting near OverSold, so we may see PA push towards some support as this climbs but PA is approaching another Fib circle in the next few weeks and historically, as shown in previous charts, DXY doe snot react...