On the daily chart we can now see that Pa has found support on both the Neckline of the FTX recovery AND the 200 EMA ( Yellow) The question is , can it now hold that while the MACD continues to be bearish. RSI has hit zero zone , so we may now range along this line of support Today, leading into the weekend could be an important day and we also need to pay close...
Simply put, PA should bounce off the 200 EMA, which is also on a supporting Trendline. Watch this point..It is critical that PA bounces off it
PA Still holding on to the Neckline of the "FTX crash / Recovery" while the Bearish MACD continues to cool off. PA could visit that lower trendline before MACD turns Bullish again that that would not be a big problem, testing resistance is always a good idea. It may be Noted that TOTAL3 ( Excluding BTC & ETH) has Still not managed to break over this Neckline,...
Bitcoin Dominance (BTCD) is a ratio that measures the market capitalization of bitcoin (the largest digital asset by market cap) against that of all other cryptocurrencies, or altcoins. It's a ratio calculated by taking the market cap of BTC and dividing it by the market cap of all other altcoins. And as More Altcoins are added to the "Space", so the Bitcoin...
This test is in the chart also, to preserve th eidea for a later date Using Log scale, we can see how the Arc of Bitcoin PA started off as a steep angle and slowly, over the years, the Arc it has formed has begun flattening out. It is currently the flatest it has ever been. Could THIS be the signal that this is the end of the First True cycle of Bitcoin...
A very Simple chart that clearly shows how ALTS are lagging behind BTC in the "recovery " phase but are making a HUGE effort to catch up now and break back over the Neckline of the "FTX Crash" line Bitcoin has broken over it a week or so ago and is currently hoovering around the $1trillion Cap price - The ALT market has been catching up at a higher rate as can be...
This is an old Bitcoin Projection that I stopped using in August '22 because it appeared "Broken" but looking at it again a now, it seems still valid. The 618 Fib Circles had intersected with the ghosted PA on 3 occasions perfectly as shown by the 3 Large Arrows. But then it appeared to break away following the Crypto Winter Companies collapses. BUT look at...
After the TOTAL Crypto Marjet cap chart I just posted, which shows possibility of a 2 month cooling period, I thought it would be an idea to show why this MAY happen DXY has a long term habit of rising around 27% and then pulling back aroun 10-12% then rising again for 2 months or so and then dropping further and we may well be in that zone now after the...
I noticed a similarity and thought I'd share March 2020 Drop in PA was sudden and dramatic as was the V shape recovery. What I noticed was the % of rise from the long term trendline to where PA levelled out, while it cooled off before the next move and what PA has Just done. And as you can see, it is very similar and if PA takes 70 days to cool off, as it did...
The simple fact of life is that for everything that goes UP, it has to drop at some point and for BTC, that point maybe soon but this Will NOT be a bad thing, as if PA follows the suggested Path, it will come back to to test support on what has resistance for a long time last year. Shown are the SMA and EMA 50 ( Red) and 200 ( Yellow) As far as I can see, this is...
The BNB coin is one of the main coins I watch and for many reasons, Mostly because I loads at 10usdt each, but thats another story It is a coin backed by so very much, a Strong, Safe Exchange and with Loads of projects sitting on the BNB chain It is an exchange accepted in more Top ranking countries, WITH governmental approval than many others and it has been...
The TVL or "Total Value Locked" indicator is great It is the total value locked in the DeFi staking protocols and represents the amount of assets deposited by the liquidity providers Despite the almost recent Change of Direction for ETH, it is still WAY behind the King of the Pack The Real problem we have with ETH now though is the ability for a Corporation to...
I am still waiting for confirmation that this idea is WRONG Even if it work sout to be correct, the bounce from the True Bottom wil be Epic But there is also a very good chance this idea is FALSE Time will tell
Just going to leave this here as an idea to watch What is interesting, is that if the crypto "Cycles" are in fact Elliot waves, there Will be a ABC correction at some point Or would there have to be ? Interested to know what you think
This is part f a Long Range chart I have and shows a possible path for Bitcoin over the next 18 months. As mentioned, it is part of a Bigger Idea that seems to be playing out but I need more Data For now, the explanations are in the chart but, in short, if this plays out, we are good till Mid year, when world economies will change, and so will Crypto But by...
Posting this again while we wait for the US Federal Reserve ( A PRIVATE Group of Representatives of Private Banks) to come out and announce the next rate Rise. I feel it is important to note how BTC has reacted in the past. Mostly well. The major declines in PA are NOT actually from A Direct result of Rises but more the effect on other things. Both LUNA and FTX...
As we can see from the charts here, it is plain to see that it is BITCOIN that has out performed everything else really when it comes to money Flow The Left hand chart is the TOTAL2 Market Cap, which is everything EXCLUDING Bitcoin and on the Right is Bitcoin itself. And Both charts show us the drop that happened when FTX was brought down. The recovery from...
So the real question we face here now is will PA break over that diagonal trendline or will it get rejected and drop further. Daily MACD is still over sold and turning Bearish so it is a possibility. On th escreen there is the "Local " retracement fibs, just below that is the larger scale retracement line of 0.236, first line of support should we drop more....