Orriginal

Orriginal

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...

Orriginal

Just putting this up here now as, well, we can see, something HAS to happen soon. Take care..Could go either way

Orriginal

The figures here are hypothetical , just remember that please But........... Since the ATH of Jan 2018, It could be said that the Total Market cap has created a Classic Cup and Handle Pattern, with current PA hoovering around the $1 trillion mark So, If this Classic trading pattern plays out, a Measured move puts PA in the $ 8 Trillion Mzone, or more. And how...

Orriginal

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. Now if you think about the number of ALTS that got released in the...

Orriginal

Measured move completed MACD now oversold & may turn Bearish but RSI already retreated and may offer support to PA to Keep it above long term resistance line now used as Support 7 days till FED Rate Hike Enough time to reset a little, maybe needed - All depends on the FED choice of the expected 25 or 50 base point raise. As a result of where PA is now, we can...

Orriginal

Lets keep this easy - Look on the Left. We were under this line of resistance and also came up to the line fairly fast and then got rejected. If we keep it Simple and just lok at the candles, thats 3 weeks before we broke out and I think we may possibly be doing the same now. PA may well wick up and out on a Weekly chart but he body will remain below while...

Orriginal

GOLD has traditionally been used as a Store of Value, even after the UK stopped backing its currency with it in 1931 and the USA followed in 1971 when Markets seem bearish, GOLD ( and others) have taken the money. increased and then sold when Markets were more Bullish Since November 2012, GOLD has been painting a classic CUP and HANDLE pattern and is now on the...

Orriginal

This chart projects nothing, Just shows you what is and has been And now, after the last 2 weeks of Green, we have reached a Major barrier and Bitcoin needs to break through of face rejection back down to long term support. This line of resistance has never been crossed and has origins on the 2.618 fib circle in Nov '21 It will be a tough fight between the Bulls...

Orriginal

The chart pretty well explains its self Since 2013, BTC PA has run 2 completed "Cup" patterns and then pushed past the neckline, to set a new neck line and start again. As you can see from the chart, the periods between set points have been similar on the last 2 occasions and so, lets suggest the 4rd will be around the same number of days. To many extents, this...

Orriginal

Sine the late 1980's, DXY has often pushed up in the high 20% marks before changing trend The main problem we have now, is figuring out just what trend we are about to see after its most recent high 20% push up and its subsequent 10% pull back For me, there is little doubt, based on its performance in the past, that it is about to turn The push up recently looks...

Orriginal

Most of the explaination is on the chart I have updated this from the last time I posted it due to the recent push up, which appears to have happened earlier than expected ( Arrowed ) This has also ossibly happened early in response to the DXY and the FED predicted Rate hike on Feb 1st. People are talking about a 25 point rise and not a 50 - If 50 or higher...

Orriginal

#Bitcoin Weekly Chart shows how PA is now up against a line of resistance it has NEVER crossed Caution should be the order of the day as there is also a Weekly Death Cross coming in Daily shows overBought but still a little room to trendline so Rejection Not happened yet PLEASE be careful We all want PA to cross that Trendline and Sentiment is very overjoyed...

Orriginal

Daily TOTAL chart shows we near completed to the neckline of FTX crash recovery MACD, RSI & StochRSI all overbought 4 hour shows similar state and so it is very likely that PA will remain range bound along the trendline now, but as support VERY BULLISH for future moves But I think we still need to take care that is not turned into a Bull trap by those BEars with...

Orriginal

I see a lot of people jumping up and down about ATLS running but this chart shows a level of caution should remain That 200 SMA has rejected PA harsly before and may well do so again - However, on the 4 hour chart, PA is being supported well by the 50 But, may not be enough.... Once PA gets through this 200, than I am all in Untill then, please remain cautious

Orriginal

PA dropped below its support but has hung on to it ever since but by midnight tonight ( Friday) it has to make a choice To break over that line of resistance and try higher again or maybe take a step down and try again later. RSI is overbought & 1 hour StochRSI is Overbought so likely to drop, though can range. MACD is in better shape on a 1 hour DXY can try...

Orriginal

TOTAL crypto Market cap maybe about to hit resistance Approaching Fib Circle. Usual Resistance PA surrounding the Left circle appears to be playing out on a bigger scale and if this is valid, Dip incoming as validated by Fib Circle Support offered by a Low MACD though StochRSI overbought This and with Fundimentals like the US dept of Justice saying thet Tough...

Orriginal

For the first time on a Weekly chart, BTC is facing a Dearth Cross on the 50 SMA ( red) and the 200 ( Yellow) Chart also Shows that the 50SMA is starting to lift off projected path towards the Death Cross This has never happened on a BTC chart before and I do not see how it can be avoided now BTC has ignored these on a daily- Jun '21 for instance, Where PA...

Orriginal

Half way through the week, I think its important to look at the bigger picture right now, after a week of "Bulls" return Strong resistance met, initial rejection despite Fundamentals Double Bottom played perfect But a LOWER HIGH CAUTION until we break free PA needs a reset anyway but the real test is that long term resistance that began before the 1st ATH in '21