Orriginal

Orriginal

This is the 4 hour chart from, on the left, the Low after the FTX Scam to current PA and as you can see, even though people are worried, PA has not even retraced back to the 382. There is a possibility that the next few weeks may well see PA drop lower and there is as much chance it may go higher Fact remains, PA is approaching OVERSOLD and as you all know (...

Orriginal

On this weekly chart, we can clearly see how PA possibly going to come down and test that diagonal line that was resistance, as support., if it falls through the short term line ( Dashed) of support. Should that solid line, that comers off the ATH, fail as support, then a chance of revisiting the 2017 ATH line ( Blue) is a very real possibility and would be a...

Orriginal

So, last week Bitcoin had a 5% pull back, very possibly caused by a single seller according to some on chain metrics. Maybe as a part of the Silvergate "issue". There was a report earlier last week of a Whale movement of a "Large number of dormant BTC being moved from a wallet to an exchange" Either way, a 5% pull back is nothing really new in Crypto markets,...

Orriginal

As we can see, BTC PA dropped over 5% rapidly already on this chart and recovered. This time, the problem maybe more deeply rooted but the simple fact that PA is Still in channel and sitting on Trendlind line ABOVE the next line of Fib retracement ( 382 ) shows that BTC is not ready to fall over and submit to Bad business practice. As a result of this 5% drop,...

Orriginal

To put it simply, “total value locked” represents the number of assets that are currently being staked in a specific protocol: this value is not meant to represent the number of outstanding loans, but rather the total amount of underlying supply that is being secured by a specific application completely. And it has broken through long term resistance and is...

Orriginal

So, I wake up to hear Screams, the Chilling sound of Fear and Loss But WHY ? So, Bitcoin has Dropped 5% - Yes..Same as it did on 9th Feb...and look what happened there. But Notice also, on Both occasions, PA came down to the Lower Trendline and STOPPED - PA has done this before and now look at that MACD. It is near 0 again..This is GOOD. PA also wicked down...

Orriginal

I often do this and am showing this for the 2nd time here in TradingView as I feel this daily chart shows some interesting data Top Left Bitcoin What is VERY clear here is that BTC has nothing but GAIN since January, over 50% in fact and even while retraceing a little, it has kept above any lines of support with out even testing them . This is not to say that...

Orriginal

As we can see from the chart, PA has got above the neckline of the FTX drop and more importantly, is now using it very clearly as support while things cool off This line of support also happens to be the 236 Fib retracement line. Golden Cross on 500 / 200 MA MACD & RSI all in good shape to push up again. The Only thing is the StochRSI on the weekly, which is...

Orriginal

There are just some of the Key points on the chart but the real trick is to watch the RSI here ( the blue line above the US inflation index at bottom of chart) The US inflation indicator shows RED after 1995, when inflation is above the 2% dictated by the FED as Good. Inflation peaks are marked on chart with thin solid vertical lines. Compre these to RSI and PA...

Orriginal

Bitcoin is once again, sandwiched between the upper 50 EMA ( RED) and the Lower 100 EMA ( Blue) but the difference this time is that "Indecision candle" - Neither The Bulls nor the Bears are winning there right now and while pressed up against the resistance of the 50 EMA, the options could be limited BUT, as it goes, they are looking ok Last time we had a...

Orriginal

Could DXY be following a pattern painted over 2017-2018 ? To many extents, it could be and if so, a 3% + drop is incoming. From its over 28% rise in 2017, DXY then retraced back around 10% where it bounced off the 0.5 fib line and rose 3.9%, where it once again got rejected and dropped a further 6.7% to the 382 Fib line, where it bounced slowly and...

Orriginal

Bitcoin PA still in Mid ground on ascending channel, currently finding support on the 236 fib retracement line and, if I am honest, Looking strong StochrRSI is now oversold so able to move up, RSI on 0 and with MACD close behind, all pointing towards PA being able to maybe go back to the upper trendline We also had the Golden Cross on 50 and 200 EMA, which posts...

Orriginal

From the ATH in 2013, PA dropped till it touched the 50 EMA (red), it bounced off that and then. after 266 days, it went below the 50 EMA 84 days later, PA came back up from Under the EMA to test it as resistance, Got rejected and fell back From when the PA went under the 50 to when it broke back above, was a total of 427 days We seem to have reproduced a...

Orriginal

The Bitcoin weekly candle closed red after the Bulls did try and push it to Green with some late trading - Even though they failed, it does show that Bitcoin really is 24 / 7 and things can happen at anytime. ALWAYS have safeguards in place The week has also opened on a small red candle, so, whats in store ? PA is now sitting on the 1.236 Fib line which should...

Orriginal

So, the expected BTC pull back has begun and everyone is wondering just where will that pull back Stop We have a number of points to watch out for, the 1st one, as mentioned in a very good article in Trading View. is the B.I.D Wall which is set around 22250. Currently, this could be consodered the last line of defence from the Bulls before a bigger drop...

Orriginal

BTC PA should find support on the 382 fib line anyway but the 200 sitting there may well also help give PA support but this is not a certain thing. Be Cautious

Orriginal

This is just an idea But could Bitcoin now be in an ascending channel ? The Lower trendline is Very Valid in my eyes, the upper needs another touch to verify But what I find interesting is how the descending "local" ttrendline" touches the lower trendline around the same time as we are expecting the Next Rate Rise from the FED. As we have seen in other charts, ...

Orriginal

Has PA completed 12345 and now about to start a ABC correction ? Very possible ( though 5 maybe a little short) and so we need to look at where A maybe. The Fib retracements give us some ideas and, for me, I have to say that I consider that 382 line, the Neckline of the FTX recovery, a very real possibility....but fisrt we have to see what happens at 236...