Orriginal

Orriginal

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...

Orriginal

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...

Orriginal

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...

Orriginal

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 &...

Orriginal

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,...

Orriginal

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...

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...