Today, The Weekly candle closes and as we can see right now, there is a lot of indecision about which direction the Crypto Market is going to go. On the MACD and StochRSI, it is overbought on a Weekly chart and this does point towards that long awaited drop. We are in a Classic area of resistance from the 2021 Bull run and once we break through this, we are...
Bitcoin dailyr chart Bitcoin PA does seem intent on staying in this current channel and the MACD on the Lower time frames has been ranging. The 4 hour MACD is now Neutral and could obviously continue Lower. But that Daily MACD has Just turned BEARISH. We have 7 days before PA begins to get squeezed by the Fib Circle and Fib line. We then have 6 days between...
Bitcoin Dominance chart ( BTC.D) It exaplains itself really but the ALT Season, where ETH based and other "ALT Coins" run better than Bitcoin, has historicaly run AFTER the Halving and is shown on the chart as GREEN areas. These are the 2 main ALT SEASONS we have seen. After Halving, The Bitcoin PA ( price ) tends to flatten out ( on average) for a whioe..this...
This is an idea I have been posted for months now and I admit, I thought maybe it was getting to late......BUT.... We are currently in position D with talk of a pull back / Correction. Many are saying another 20% Drop, Maybe to 30%.........all very possible. And we are at a marker of 61 days before Halving. Look at position B, Marked at 61 days before...
On the main image, As noted on the Day counts, See how the 50 EMA ( red) was under the PA at the ATH but dropped below arounf 270 days later. It then remained below PA for around 700 days from ATH and then, now it has broken above again, we are climbing. Now compare that to the 2013 / 2014 PA Same days counts and PA back above, it Rose steadily to a New ATH...
As we can see, BTC PA is up against a line of resistance, that is reflected in many charts, LOG or Linear. On this LOG Heiken Ashi Chart, we see PA hitting up against a line of a Fib Speed Fan. Looking back down the chart, we can see that PA has had a problem breaking UP into a New Channel for a while now. The Last Time, It lasted a few days and then got pushed...
#Bitcoin Monthly, SMA and Trend lines The chart is #BTC PA from January 2014 to now. Each vertical line in the Month of January of each year. The upper and Lower Trend lines are created by going through the January candles where there was a minimum of 3 candles that touched....making these Valid trend lines. The SMA lines, Green - 20, Red - 50 and Blue -...
Below is the chart #BTC usdt since ATH 2013 The Vertical lines are roughly Mid Dec of each year since. This was done to look at the PA on a year by year basis. And it is very interesting how close the last 2 years of PA have been to the 2014 / 2015 2013 ATH to the same period in 2014 saw a -71% Drop From Mid Dec 2021 to the same period in 2022 was also a -71%...
Welcome to a New Set of Fib Circles on a Bitcoin weekly chart These circles are confirmed as you can see on the chart. In the previous Set, we had the March '21 and Nov '21 ATH. rejected by the 1.618 and the 2.618 respectively. Look at how this New Set has also shown rejection at very similar positions. Also note how the 2,618 Fib circle crosses the long term...
A Few Things to note on this Weeks WEEKLY #Bitcoin Chart First thing is the RED Spinning Top candle - This points towards indecision, uncertainty and as it closed Red, in the Bears favour. We have Data coming in this week about Jobs and incomes in the USA, that could move markets but maybe not a huge amount. Simply put, We are waiting, just hanging around and...
Just been looking at this idea again Bitcoin double Bottom and Halving dates The Chart explains fairly clearly The Double Bottom after the 2017 ATH began around 364 days later The same happened after the Nov 2021 ATH In 2018, it was 413 days between Bottoms and we may be heading for a similar span this Time We also have the similarity in days after to the...
Just been looking at this idea again Bitcoin double Bottom and Halving dates The Chart explains fairly clearly The Double Bottom after the 2017 ATH began around 364 days later The same happened after the Nov 2021 ATH In 2018, it was 413 days between Bottoms and we may be heading for a similar span this Time We also have the similarity in days after to the...
Why is "Going to the Moon" actually a very accurate statement for #Bitcoin ? Please do read this through and Let me know what you think Look at the chart - The Orange Arc is a Fib Arc ( calculated in other chart and Valid) Since PA began is rise, it has used that Arc as a boundary during its "Launch", using the Arc as resistance in June 2011 and, at the same...
I think it is important to show this chart. A LOT of people keep pointing towards the BTC Dominance chart as a signal for the Next ALT season. The Green Boxes show us where the 2 Major seasons occurred ( Green Boxes ) and how BTC.D rose and then has entered into a Descending channel , Fell below lower trendline and has since re-entered it and, since Dec 2022, ...
How has Volume changed over the years? Crypto TOTAL Market Cap and Volume The vertical lines are key moments in TOTAL PA Starting back in 2017 and again in July 2019, Note how the volume on the Standard VOLUME indicator ( right under PA ) would seem as expected. It increased steadily Till Jan '21 and has been decreasing since, despite a New ATH in Nov '21 Below...
#Bitcoin, FED Rate Rises, US Inflation index & Key moments For me, The FED interest Rate raise had little Direct effect on BTC PA What DID have bigger impact were the effects on companies like LUNA and FTX ( though that was very possibly Always going to Crash) - the increase in Loan repayments being the Cause of instability and so people got cold Feet BTC PA is...
The Chart is possibly one of the most important to me right now, While everyone is waiting for Bitcoin to push back up and be the "store of Value" that everyone needs in this age of unsettled Finance, the old School is still saying that GOLD will do just that, as it has in the past The main difference between the two is that People Jump for Joy at a 10%...
Old chart now topical With the USA "Debt Ceiling" being talked about more and more in public, it looks like this fractel may now loose some accuracy but I do expect PA to run along these lines. The Longer PA follows a fractel, the more chance it has of Falling off Hopefully, the 200MA (Yellow) will continue along current path and PA remain above the MA The Big...