Orriginal

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...

Orriginal

Never posted this in here so, thought I'd give it a go Bitcoin has, as we all know, made a full recovery from the FTX crash and is now back to the area of its price Prior to that crash, currently resetting but Bullish Sentiment continues despite the "War cries" from the FED - and Data shows that BTC PA does not react overly badly to Rate rises..and neither...

Orriginal

Looks like PA is likely to come back down and test the Neck line of the FTX recovery, as support This is NOT a bad thing If we continue through the neckline, THATS a bad thing GOOD Things are the possible, Very likely GOLDEN CROSS with the 50 /200 MA on thursday - should lead to more positive Sentiment

Orriginal

This chart shows DXY since 2008, when it began its current Long term trend in an ascending channel, with various events helping it along, Most recently, the War in Ukraine. The Indicator at the base of the chart is US inflation ticker and it goes RED when inflation is over the 2% mark, as suggested by FOMC way back in the 1990's As we can see, PA has once...

Orriginal

#Bitcoin Daily A Number of options here BEARISH divergence on PA and Volume points towards possiible continued Drop / Range - BTC doe snot always obey divergence... PA could be in a an ascending channel on lower line OR in a pennant that may last till Wed next week or a larger on till May We Need to watch to find out trend - impossible to say right now FOMC...

Orriginal

Bitcoin is taking a well earned breather right now and it is a good thing, Cooling off before the next stage and facing the FED, FOMC minutes release today, 22 Feb, which is likely to mention increased / prolonged interest rate rises PA has a number of lines if support to fall back to before we hit the "FTX Neckline", which is the recovery line. The 382 fib line...

Orriginal

PA is ranging while the daily MACD cools off, as it has now done. It could Drop lower and signs are it may well do so. RI is nearer 0 and may bounce of it if PA decides to continue to range and not come back down to test support on the neckline of the FTX Recovery ( Dashed /white line). What has kept the TOTAL PA up while BTC has been ranging are the lower cap ...

Orriginal

The green Arc is a Fib Arc based on ATH's, part of a Fib spiral and was used as resistance till Oct '20 If PA had followed Arc, PA would HAVE to drop now, so PA broke Free to continue in channel I believe these ATH's were perfectly organised to form this "618" Fib arc. And YES, if you do a calculation, which I can explain if you wish, 618 is the result. This...

Orriginal

So, DXY continues its position under the 768 fib line AND the 200 and 100 EMA - PA managed to get above the 50 but will that last Somrthing to possibly note is that, as I have shown previously, DXY does not like Fib circles and 99% of the time, it will be rejected by them, as you can see on 3 previous occasions on this chart alone. And PA is approaching...

Orriginal

I am posting this again as I have seen some people wondering why Bitcoin is continueing to rise despite the Fed ( the DXY Support group) saying that they will continue to raise interest rates On this chart, we can see that 5 of the Rate raises had little Effect on Bitcoin PA and recovery was swift. One of the reasons for this is that Bitcoin is truly GLOBAL...

Orriginal

There is little doubt that the Bitcoin Bulls have shown the world that BTC is far from over and that its uniqueness in being able to trade 24/7 has advantages In fact, BTC has Many advantages, including use cases. Gold for instance, while no longer associated with currencies like £ or $, has little use other than to store value and that is a "on demnd" cycle But...

Orriginal

This chart is a Monthly and so, to many extents, moves take a long time to play out BUT it is easy to see how Bullish BTC PA has become. The previous 2 "Cycles" have all had very similar day spans and there is little reason to assume the same will not play out again. We have reached the "normal" 80% pull back - this does not mean PA will rise from here but is...

Orriginal

Explanation all in the chart but the link between Inflation and Oil is all there to see but NEVER mentioned. It just make sense, as the price of oil rises, so will EVERYTHING from transport to manufacturing and retail. Over 6000 House holds goods require Oil If the price of oil is controlled, then so is inflation Maybe this is why the USA has spent decades...