Orriginal

Orriginal

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...

Orriginal

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, ...

Orriginal

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...

Orriginal

#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...

Orriginal

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%...

Orriginal

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...

Orriginal

And on a longer Term Bullish note I been watching this CUP & HANDLE since late 2018 Note : the vertical orange line from Dec 2018 Low to neckline is the same length line from Lower trendline to Top trendlineon right in Channel ( Measured Move od CUP ) It fits the trendline GAP perfectly Also Note the similar day count to Double Bottom IF PA comes back down to...

Orriginal

As you can see from the arrows, PA has pulled back everytime a 618 Fib Circle has intersected with the trendline formed off the 2017 ATH This may not happen but on the previous 4 occasions, it has happened. And the Daily chart shows us with a bearish pennant, with an apex on that line IF PA does pull back, 25K is an expected Target and should find...

Orriginal

Of all the "Projections" about Bitcoin future price, THIS is the most Valid projection for me 2013 ATH to when the 50SMA went under PA to when it rose back above PA is the SAME number of days EXACTLY as now if Valid, Leads to a near $800K BTC by April 2025 Will it remain Valid ? Impossible to say BUT world circumstances right now could lead for the need...

Orriginal

So while we wait on the next instalment of the DXY support Group ( FED) and its expected 25 point rise, which may possibly be the last one for now, I post the updated chart of its effect on Bitcoin PA and the US inflation index, which the rate rises are meant to be curbing You will alos note that the rate rises have had a minimal effect on BTC PA really, it has...

Orriginal

Bitcoin Monthly closed Green but as we can see very clearly, under Massive resistance, which, once turned, this will be Strong Support as it was previously before PA ran up to the current ATH Volume dropped significantly last month though. Possibly led by uncertainty to world economic circumstances, However, Bicoin is outperforming Gold Overall, Crypto is...

Orriginal

think it is also worth considering this as a possible ABC correction, with C going down to around 24K , on a trendline, before we really see a recovery The Move to B may not be over yet though. Look at the MACD. Went below 0 last time before recovered fully COULD happen again Time Will tell

Orriginal

Bitcoin Weekly Close Red Engulfing No problem really as there are plenty of occasions where this has happened and it has been ignored shortly after. PA rejected off the "global" 5.236 fib circle, which also is the "Local" 4.236 Previous pull back "Localy" was 21.4 % - if that happens this time, we Will vists 24300, which I think is unlikely but anything is...

Orriginal

Bitcoin has often completely ignored BEARISH signals but a RED Engulfing candle Such as the one that looks like being the weekly close is worth paying attention to We do have the 200MA (yellow) below which may or may not offer support The Word of the Week HAS to be CAUTION

Orriginal

There is little doubt that Bitcoin Has created a Cup and Handle pattern but the real question is, Which do you believe is more accurate. The LOGARITHMIC chart shown has a measured move to $128K in time ( by end of August if it follows the upper line of resistance since 2017) The LINEAR chart however only goes to $42400 and probably within the next month or so ...

Orriginal

There are a number of reasons, even just in this chart, to be buying and holding Bitcoin right now. This is obviously, Just my opinion and NOT ADVICE Before I explain why, it should also be remembered that the Real world Fundamentals right now can turn this all up on its head, so ALWAYS have a plan for Every outcome So, the main chart shows a number of...

Orriginal

PA continues in channel and has remained above the 1.618 fib line but has now bumped into some overhead resistance. On a weekly chart, MACD has also remained Bullish and just above 0 , so th eout look is good However, looking at the daily we can see that MACD & RSI is very Overbought for a long time now On th eshorter Time frames, 1 ^ 4 Hour, MACD is near...

Orriginal

As we can see on the weekly chart, PA os now coming to the upper trendline of the long Term descending channel Not only This but on the daily chart we can clearly see how it is also coming to the Local 4.236 Fib Circle ( Red circle) - This is often a point of Rejection as it has been on many occasions in thie "Cycle" The Daily MACD is OverBought, as is the...