Orriginal

Orriginal

Bitcoin weekly looking uncertain We have had a DOJI and now a White Spinning Top candle weekly closes, both show indecision, and thew week is currently in RED but PA is trying to push back up $30K just above is going to need strong PA and we are currently overbought on Daily timeframe thogh Lower are OK-ish Weekly in Good shape but a strong push now could lead...

Orriginal

I like this chart. So very easy to see whats what and look where PA is currently The coloured bands show borders of historical Support / Resistance PA is currently up against stiff resistance and everything points towards a pull back in PA, to reset MACD etc. A Technical Target is the 0.618 Fib line around 25200 ( though I have a buy order at 24800 ) If you ...

Orriginal

As we can see, Bitcoin PA is getting to a point where it needs to react. The 100EMA(Blue) just crossed over the 200 ( Yellow) and so now the EMA's are in Bullish order However, you can see the MACD below is turning BEARISH as very overbought now but RSI is Neutral and StochRSI is oversold This alll leads to an open book on which way Pa will go BUT the real...

Orriginal

It is worth noting the action of BTC.D at the times leading up to Bitcoin ATH. It is NOT as one would expect, where the Dominance would be Topping out as an ATH is reached. It is the opposite. The PA of BTC.D Drops sharply And as more "Alts" coins come into the space, the dominance of Bitcoin WILL drop, as can be seen on the chart also. The Green box Bitcoin has...

Orriginal

Odds are on that PA will pull back to 25.5, 23800 or 21400 areas MACD is turning Bearish on a weekly chart and this can lead to a long slow drop or a wuick dip and climb back Should PA drop slow, this could be an excellent opportunity for the ALTS to gain some and it loks like XRP has already begun Keep your eyes open Guys and GAls

Orriginal

GOLD is still trying to break long term overhead resistance and it seems to be a struggle despite the recent banking issues. For 6 months now, GOLD has on average increased in price by 24% but that is only $300 per ounce.There are better investments PA is currently pushing against that overhead line and it has more room on the MACD &RSI than it had last time....

Orriginal

DXY has suffered a pull back in recent weeks due to a number of factors and now finds itself in an interesting position PA is now on its long term "Cup" line of Support, which historically, in the 3 Cups DXY has produced since 1971, have NEVER been broken. So likelyhood is that PA will bounce soon, likely not till April opens, but bounce it will. But there us...

Orriginal

After a week of battles, Bitcoin closed with a RED DOJI, showing short term uncertainty in the favour of the BEARS To many extents, this was to be expected as PA is overbought, RSI on a weekly is up high for instance..But the Weekly MACD has only just crossed 0 and the signal is on it, so BTC PA has plenty of room to continue upwards once it has caught ts...

Orriginal

I have posted this idea before but it seems it has just been confirmed (for the moment) The number of days PA spent below the 50 SMA since ATH is 434 and that is identical to the PA from 2013 fter that ATH. So similar in fact that PA came back up and tested the 50 as resistance 84 days after it went under on both occasions. Not only this but PA went under the...

Orriginal

Bit of Data- Bitcoin USD index Left to Right 50 SMA (RED) goes under 100 SMA (BLUE) for 413 days Next time is for 294 days, Shows greater sentiment 50SMA crosses back over 100 for 1001 days before dropping below again on both occasions. Many reason why this could have happened but it just adds tp the ever growing "Patterns" that BTC PA makes. 50SMA currently...

Orriginal

So, after the latest 25 point raise by the FED, Bitcoin PA reacted with a minimal Dip that could actually be attributed to the simple fact that P awas overbought on many timeframes and needed to cool off As this history clearly shows, Bitcoin does not react to Rate raises but more to the collapse of other companies. But PA has now very nearly recovered all...

Orriginal

Weekly #Bitcoin shows clearly the channel we are in, with a touch on upper trendline around the $30K mark if we maintain "local channel" (Dashed lines) POC around $19K and is possible low if PA decides to drop to cool off overbought RSI &StochRSI ( & MACD on lower timeframes) PA has crossed back over the 200EMA I Yellow) right on target and has just crossed...

Orriginal

Imagine YOU were the FED You have enough Liquidity to bail out the important banks, been setting it up for days. The Shrimp banks can default, happened before in 2008 and the DXY INCREASED in Value You HATE Crypto, its taking Your money Increase Rates by 50- job done ? This is a very real scenaro as far as I am concerned. Traditional finance is under attack by...

Orriginal

BULLISH Bitcoin Weekly candle closed above the 200EMA for the 1st time in a Long time Mayer Multiple Still above MA RSI up high Sentiment Strong PA currently getting rejected off the 1.618 - look back along this fib line, STRONG support once crossed, bounced to ATH each time previously THIS is the hurdle Bitcoin needs to cross now. Once over, apart from what is...

Orriginal

As we can see from the chart, PA is coming to a point where it is going to get squeezed from a number of places Still Stuck under the 2.618 Fib circle and with FED on Wed, we could see PA cool off for a bit BUT, this is BITCOIN, 24/7 trading, it may run up to that Long term Resistance. If rejected from t here, a return to $25K is possible but that would be...

Orriginal

As you can see from this chart, the DXY has been creating CUPS ever since the $ de-pegged from the GOLD standard on the order of President Nixon in 1971. Not only that but, with the exception of 1982-1986, there has been a "Ceiling" or Strong line of resistance, that PA will not cross BUT the Cups have been getting Deeper on each occasions. No gains, bigger...

Orriginal

Those that know me from other platforms will know of my love of Fib Circles and the effect that does seem to play out And here we are, once again, a "Local fib Circle" set in action once again The major events are usualy on 618 circles and in this chart we can see 1.618 rejected firmly, I expect 2.618 to be similar, 3.618 usualy has a reaction earlier and so...

Orriginal

As you can see from this long term chart on Bitcoin, it has the vast majority of its life ABOVE the 200 EMA ( Yellow) In the week of 13th June 2022, the unthinkable happened and PA dropped below it and many believed that was it, BTC was Dead For the last few Weeks, PA has been banging up against it and This week, PA has fully broken above. On the USDT chart, PA...