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....
TOTAL Crypto Market Cap PA Got back above the Neckline of the "FTX Drop" and got swiftly pushed back below But this is OK, It took PA to overbought and so now, we need to cool off and gather strength for the next push Should use trendline as support PA above 200 EMA now, also support FED tomorrow so this is very well timed.
DXY PA is approaching the upper trendline in its descending channel. Rejection here could lead to 100 to 98 Alternatively, we may see the FED on 1st Feb, provide support for the $ by raising interest rates above 50 points, possibly 75 It is all to play for
Using 2 sets of retracement Fibs on this chart. The LArger set comes from the Nov '21 ATH....PA came down to the 768 and ranged along it apart from a short drop below after FTX, NAd in the recent push up, came back to the 702 ( technicaly Not a Fib line but often met) The Shorter Fib retrace is of the "Local" high after the recent push up. I can see PA coming...
Big week for DXY with the DXY SUPPORT GROUP ( FED ) making a rate Hike on 1st Feb PA still has room to drop to 100 mark and is likely unless the Fed announce a 75 point raise. BUT, if PA hits 100 - 98 , expect a hard bounce with a possible target in time of 118, maybe by Nov '23 DXY is gettign to be OverSold now but the real question maybe When is the Treasury...
After 3 weekes of climbing, it maybe time for BTC PA to take a breather now while Sitting on the 1.236 Fib extension The real question is, Will that Hold ? We Have the FED coming out this week with latest Rate Hike. Expected between 25 - 50 Points, in which case markets will be OK, 75 and its a blood bath. On the whole, as shown in previous chart, BTC PA is...
Posted this chart a while ago and pointed out the Death cross Bu tLOOK..the 50 EMA is starting to lift It has a way to go yet to avoid this Death Cross but if the bulls can keep this up...We may well avoid it... Biut it is not going to be easy....I think Delayed maybe more realistic..the amount of money required to lift that 50 MA enough is HUGE......surely...
BTC is about to come into an area of Strong resistance and also bumping into the crossing 50 & 200 SMA, creating a Death cross, that PA is trying VERY hard to stop. The Coloured horizontal Bars are areas of Volume as displayed by VRVP on the right. Not how these Ranges also match up to previous PA from 2017 As I mentioned last week, it is ighly likely that PA...
#Bitcoin Weekly & 618 Fib circles One Thing that tells me things have changed is the fact that PA is climbing UP a 618 circle. 1 & 2 were rejection, 3 was neutral & 4 is support NOTE the Arrow on 4.236 ( usual rejection ), when FTX went down & Fed put in 4th 75 point Rate hike- the perfect storm for a wash out. For Me, Fib Circles are more important that many...
Bitcoin Bear PA key moments are listed here - the RED vertical lines are interest rate riaises by US FED. Nov '21 TAPROOT installed on Bitcoin Network, after which PA reverses. Slow "Bear" market takes hold and PA slides down FED has 1st Rate Hike in a very long time in March '22, Bitcon PA actually Rises. 2nd Ratehike by FED on early May News comes out that...
When you Look at the MATIC LOG Weekly chart, seriously, what is not to like about this. This is one coin that has shown so much positives, even during the Bear. Weekly MACD is now at 0, leaving room for further upside, however, MACD is overbought on lower TimeFrames so range or Dip likely. Also hit underside of 0.382 fib line and has yet to break above it. This...
TOTAL3 is pretty well ALL ALT COINS but does include BNB and al its BNB Chain coins.......(maybe time to NOT call BNB an ALT anymore but thats another convo ) This Daily chart shows us how PA has been stuck in a descending channel since around May '22 and how, repeatably, PA has hit Top trendline and been rejected. And here we are again Shorter Acting StochRSI...
The TOTAL PA has made a massive push over the last few weeks and has pushed up to the neck line of the Pre FTX Crash, by using a double Bottom pattern to gain strength.But now, it has another battle. PA is overbought on most timeframes and is still under the neck line of that previous PA There is support on the Newer Trendline and the question is, Can it break up...