Orriginal

Orriginal

I have posted this before but now I have added anoterh dimension to the list. I have previously commented on the similarities between 2020 -> 2021 ATH PA and the current Path being taken. The Arrows point out Zones of interest previously discussed. But following on from a reminder yesterday, I decided to add the ATR indicator, I used to use this in 2021 and if I...

Orriginal

So many thing to see here but lets keep it simple. Back in late 2020, When PA first took a breath after pushing up for Months ( left circle), it retraced foe a while and then continued its push to the First New ATH. That line of support, the lower Red Bar, acted a a strong line of resistance in this push up in 2023. But we got through it and then broke through...

Orriginal

MACD on the weekly oversold and turning Bearish RSI on the weekly just dropped out of oversold and dropping sharply But can you see the EYE ? Let me help In 2021, this same line acted as resistance and rejected PA - Eventually, PA broke through and we hit a New ATH. We seem to be doing it all in reverse for now....but the question is, will that Lower Eye lid...

Orriginal

That is the Bitcoin chart since the 2013 ATH to now and, as the arrows show, PA is currently following a Very similar Path since The ATH in Nov 2021. The position we are currently in is shown in more detail below This shows that in 2013, we had a -35% pull back, the last week of which was a Sharp drop and recovery. The Current total pull back is -25% June...

Orriginal

#Bitcoin "Sell off" - Why ? Firstly, it is all a very well measure correction, what is sold, is bought up. SO, This CORRECTION of Bitcoin is NOT panic selling, as supported and shown by by the most excellent @_Checkmatey_ and @_checkonchain via X OnChain data tells us what is Really happening. We are seeing more the continued movement of GBTC stock. The...

Orriginal

The Main Chart is the TOTAL Crypto Market Cap and it shows us how the Market is sitting on the Daily POC ( Red Dotted line ) off the VRVP and is gettign sandwiched between the 50 SMA ( RED) Above and the 100 ( BLUE ) Below. - All in all, After the weeks of Ranging, The PA is in Good shape but that VRVP doe sshow resistance over head and possible Lack of support...

Orriginal

Thought I would post this the day after we hear that REPUBLIC FIRST BANK has gone in to receivership in the USA. This is just 5 weeks after the FED's BTFP Banking Suppor tprogram ended. Thsi si likely to be the first of more and the question is now, how will the FED react on Wednesday, 1 st may at their next interest rate meeting. To Pivot now would be an...

Orriginal

If you follow me you will notice my fascination with Fibs. Fib Circles and their effects past and present. This is a Long, in depth Read but please, read it all......It is amazing what is happening. This chart is one I do not talk about often enough and the data in here is astounding if you consider how one set Fib circles here have origins in late 2022 and yet...

Orriginal

DXY $ maybe one to watch over the next couple of Weeks as it seems to be approching Strong support. Fundimentals, as ever, Will pay a huge part in this and so we wait. Today we have personnale spending and income Data BUT the real Biggie is on 1st May next week when we have the FED Interest rate decision made public. If that remains the same ....or...

Orriginal

#Bitcoin Weekly projection to 100K USDT Here is a little something to start the day With. The 3 stages to ATH as seen with current PA and back in 2020/ 2021 The Green Arrows show stage One. The Yellow Arrows show Stage Two Next stage is 1st ATH ( and yes, I think we will repeat what happened in 2021 and we will see two major ATH levels ) But what is also very...

Orriginal

Is #Bitcoin seeing the effects of that 618 Fib circle already ? It is possible that it is reacting early so it can break through on support, which means we may eventually see 59K USDT with either a Wick down or Full candle... I have a Spot Buy order placed in case. See how the last 2 Fib Circles took PA down to that level. The BTC.D chart shows us PA Still...

Orriginal

Many are asking "When will #Bitcoin push again" And while it is impossible to say , we can get pointers from charts and the BTC.Dominance Chart here gives us an idea that BTC.D will meet Support next week, around Last week April / 1st week of May Its a good idea to understand that just because BTC.D Rises, BTC does not always follow but the combination of the...

Orriginal

I am using the ATH points as reference to the 50 EMA ( Red) as we just recently posted a new ATH even though it was only a slight rise, the effect on the push has been significant on the MACD First thing to note is the different "distance" from ATH point to the 50 EMA below. This gives us an idea of the momntum of the Rise. The exponential moving average (EMA)...

Orriginal

Do you like to Dream ? Do you have ideas well above your "station" ? How does a near 500K Bitcoin by October 2024 sound to you ? In 2020, BTC PA broke out of its "Formative triple " Cycles and moved into its " Forever" Channel. This is a very simplified version of this. For instance, that orange Arc, is part of a Calculated fib Spiral, formed using the orginal...

Orriginal

Not posted this chart for a while..so...... My oldest Bitcoin Weekly chart still showing us the true state of things as far as I am concerned. And, as ever, LOOK at that red Fib circle... See what it did ? Thats a 7.236 Fib Circle on the Global scale. Not a Local circle by any means. Look at what happened previously. Rejection. And we come to the 7.618 around...

Orriginal

This is something I am seeing so many people asking and the only Answer is, "It is impossible to say jsut yet. Historically, if we look at the BTC.Dominacne Chart below, we can see that, on average, iit is around 200 days after Halving that we see ALTS seasons. This does not follow that Bitcoin outperform all ALTS however and it is worth noting that Just...

Orriginal

Bitcoin Daily At time of writing, we have 1 day and 18 hours till the Halving. And what will happen then ? On any ordinary day, I would say we are in the perfect position to move off the bottom of the range we have been in since late Febuary, even though we have only retraced -17%.. In that Time, #BTC PA reached oversold twice and maybe about to do it again on...

Orriginal

Sometimes, its a good idea to look away from the PA and to take a look at the other info presented to us as people Buy and Sell #Bitcoin Two Major indicators for me are the MACD and the RSI. The image here is the DAILY #BTC chart for those, since December 2022 At a quick glance you can see that Both MACD and RSI have reset a long way. This gives PA room to...