Orriginal

Orriginal

PA coming under pressure here and is bumping into the 200 SMA for first time since April '22 It is also running along upper trendline of long term channel AND at same time, now hitting the longer term resistance from Off ATH This is a crucial time for ALTS They have already begun a slight pul back in Markets while BTC PA appears to be hanging on for now.

Orriginal

I stand corrected - Looks like BTC PA on the hourly has formed a rising channel and is now approaching the 4.618 "local" Fib line 4 Hour MACD still Overbought so am expecting rejection at some point BUT other coins have already begun to do that and yet BTC is still hanging on. Has the strength of the Bulls increased enough to Keep PA Ranging and not to dip ? DXY...

Orriginal

Things are gettign tight and PA will have to react in the next 24 hours at the Very Longest. could happen any time and, if I am honest, It will be a Drop in PA 1 hour MACD is oversold but the 4 hour is still over bought and has to be cooled off - that may happen after the 1 hour plays out a push up and then gets rejected. Just something to keep an eye on as if...

Orriginal

TOTAL Crypto Cap Everyone screaming BULL but Take Care right now RSI is as Overbought as it was in Jan & Feb '21 when it pulled back 39% & 23% (Arrowed) THEN it went on to reach new highs PA is also now touching upper trendline PA may Range but I feel a Dip is more likely This would allow a reset of MACD &RSI, which would, once again, give PA the ability to ...

Orriginal

This is using the idea of a Fractal taken from DXY PA from 1995 - 2002 - Similar 27% push up and then a retrace and then more But the PA of DXY is pushing against the Neck line of a long Term Cup that has a lid at around 118 - DXY may keep trying to break it as it has previously but failed. As mentioned in a previous post about Bitcoin, It has a choice to make by...

Orriginal

#Bitcoin Weekly 1st thing this chart shows you is that PA HAS to make a Choice by Mid April as it gets squeezed by 2 powerful Trendlines confluence with DXY chart - possible rejection for BTC then Leaving the -29% marker in as still a possibility As we all know, we are in a period of time where anything can happen and I am certain, as it makes good business...

Orriginal

Long Term, I have every belief that #Bitcoin will stay above this long term Lower trendline on a weekly chart However, as we can see from March '20, given certain fundamentals, it can wick down below But recovery was relatively quick Tomorrow, Jan 9th, We have possible another HUGE Crypto problem with the contested Debt that Digital Currency Group ( DCG )...

Orriginal

Bitcoin Weekly chart The Vertical Red lines are Fib Time Zones and these ones are Bearish PA got Rejection off every one and the next one is on week of 2nd Jan which also intersects with the 4.618 Fib circle, As you can see, Previous 618's have also caused Rejection though PA may have descended before hitting the 3.618 End od Dec, Beginning of Jan has many...

Orriginal

They say 3 tounchs on a trendline is minimum to create valid line and so this maybe the 3rd This is purely based on observations of simialr time scales and only time will tell if this is going to work. It does however, marry up well with some other ideas and Bitcoins future path. This does, of course, rely very much n the fundamentals and everything is being...

Orriginal

This is just an idea but since the BTC Nov '21 ATH , on a weekly chart, we have followed a very similar path to that of 2017/18 So, Copying the candles from 2017 ATH to '21 ATH in Feb, I have overlayed them and this is what we get Also Note how th etrendline off the tops of the '21 Highs, when projected, appear to act as support in 2024, at the near ATH maybe...