BITCOIN MONTHLY CANDLE CLOSE COLORS since 2011 Last time I posted this, I mentioned how we needed to see a GREEN September candle to point towards the upcoming Bull Run. and we are Getting it. Last day of the month today and it will take a massive event to turn this Green candle to a Red one. So, Whats the significance of this Green Candle ? The Arrows point...
I think we need a BIG reality check on some Bitcoin "Expert" analysis speechs over the last 24 hours. While I agree on so many counts, that we are coming out of this long term range, as we did last year at this time,( see chart ) it is WAY TO EARLY to say this is the new Bull run. I mean, seriously, LOOK AT THE CHART. PA has not even broken above Top of Range...
Please find the monthly chart i have been posting on Trading View and X ( not for much longer) and now on PRIMAL on NOSTRA,the new World. The Monthly Close Colours of Bitcoin since August 2011. These historical sequences can normally lead to an understanding of "Flow". However, I do feel things have changed a little, even though the ETF's are a small % of the...
It cannot be much simpler than this. One Trendline that Pa needs to remain above and that is has Dropped below only Twice previously. And it has only just managed to get back on to that Trendline. If we Zoom in, we can see that we aer bang on that line Since 2024, Bulls have pushed and pushed and we have been fighting a hard battle with TradFi to get back on...
#Bitcoin is the Hands down winner. - there is simply no question about it. And any trader will recognise this pattern on the weekly BITCOIN / GOLD chart It is a bullish Cup and Handle The % Gains Bitcoin has had over the last 18 months put Gold rise to its new ATH into shame. And that is clearly seen by the chart above. HOWEVER, Bitcoin by its very nature,...
I have po [sted this previously and I thought I would show the update Thsi is working like clockwork and, combined with other charts, really does point towards 2025 being a year to remember. But please do remember, things can change at any moment. However. this works untill it doesn't, So, The chart says it all and U an looking forward to this
I do not really need to say to much, the image says it all. As I have been saying for over a year now, I strongly believe THIS is what we are doing..... This is the Current Bitcoin PA with the 2013 ATH to 2017 ATH Fractal overlaid and you can see for yourself, it pretty well matches. There were some things that pulled PA Lower, like LUNA and FTX issues but...
This was a superb Test of support on a line that was once Strong resistance. It acted as support during the first push up in 2021 and supported PA on its first hit on a New ATH in March 2021 and it held fopr a number of weeks but eventually broke. The Arrows tell the story THIS NEEDS TO HOLD I am SO bullish on this - However, if this breaks, then we are in...
So, heres an interesting set of "coincidences" for you to contenplate The Bigger Box is the Range Bitcoin has been in since March 2024 We are currently sliding down one of those dreaded 236 Fib circles ( red) and we are also battling the CME Gap ( green box) that is trying to suck PA down to 58K so the CME doesn't loose money and to fill that Gap. Just...
ALWAYS look at the CME chart BITCOIN CME GAPS The Daily chart shows us one that is still open and down to 58900 For me, this is HIGHLY likely to get filled So, SPOT BUY order placed at 59K ( not advice, just what I have done ) - Lets see if it gets filled. What this highlights is simply that the CME is a Major player now. Look at the previous gaps that have been...
NOTE - vertical lines are every January, so one year gaps. Bitcoin is now entering into its 6th month of a tight range. PA has never done this before, and nor in such a controlled manner. As a result, we are sitting mid way in the channel and this does point towards a dramatic rise, should we continue to follow the "Cycle". This points towards December that PA ...
#Bitcoin Monthly Candle Close Count since August 2011. After a poor start, July closed GREEN, keeping to the monthly trend. Previous August closes, there are more RED closes in August than Green, 8 to 5 Respectively. When the previous July closed Green, On 5 occasions August was also Green and on 3 occasions it closed Red. When July and August have closed...
And there iti s, the DXY support Group Keeps rates unchanged September is almost looking like a certain point of change now. This chart is of all rate changes since 2021 and the Key moments. The take away from this is simply that the changes had NO effect on Bitcoin It has always retreated that 9-% after an ATH But DID make changes was the effect on other...
TOTAL 2 is a chart i have posted in the past but not opften enough recently and a post in Tradingview recently . jogged my memory...and this is what I See. TOTAL market Cap is the top 125 Coins minus BTC and so can be seen as a Top ALTS chart, showing the performence of the Top ALTs against Bitcoin And as the chart shows, we have seen a rise recently, a...
Vertical linesa show Previous and Current JULY monthly Bitcoin Candles Currently we have a RED July Candle and that follows on from a RED June Candle. This has Never happened before now. But what is VERY interesting is the repeating pattern from just last year, that may or may not play out. In the Circle, we have a run of Green months, starting in Jan 2023...
I thought I would Update the Fib Extensions to the Bitcoin Index MVRV Z score. Hate to admit, I had forgotten to look at these recently. And, Simply put, we Are approaching a line of Decision time. That red line below the 236, is a point, that once crossed, is not that easy to rise above again till after hitting the bottom. Vertical lines are ATH dates so, it...
#Bitcoin Weekly Closed with a big Red candle. But this has happened before in August 2023 but while there are some loose similarities with the Ranges then and now, we currently seems to be a lot more Volatile. The Low to High of that range in 2023 saw approx a 24% see saw. We currently have a 37% see saw and we may yet go lower But we do seem to have found a line...
I have been posting this chart since around March this year and we have finally reached the 2 arrow line. This has given PA the Tme to recover from the 18 months of Bullish activity we have seen since Jan 2023. It is also now given the Weekly MACD an accelerated descent. This needs to happen to give PA support for a bigger move. However, the weekly MACD is...