While two data points isn't much, and this market is young in the long-term, the last two times the monthly Williams Alligator crossed bullish along with a flip of the monthly RSI MA, it was the beginning of the next bull market.
DJR has been struggling with the '07 ATH since the 2020 crash. Its downturn through 2022 is reminiscent of the '08 GFC shortly before the major equity crash.
TradingView wouldn't let me publish unless I wrote more in this area.
TradingView wouldn't let me publish unless I wrote more in this area.
TradingView wouldn't let me publish unless I wrote more in this area.
People have been tracking what appears to be a repeat of the previous Wyckoff accumulation pattern in 2021. For now, it appears to be completing. Definitely eyes on Bitcoin across the next week or so.
Here you see a potential convergence of numerous bullish signals, putting the entire year of 2021 into context.
- A long ascending triangle that broke down and then recovered.
- A potential cup & handle forming across the year.
- Another way to see the year is as a giant parallel channel, building a giant consolidation area similar to previous bear markets.
Just...
While the greater pennant formation that everyone has been following has a 5% lean towards breaking downward, and continual rejection from the $40k zone suggests a deeper dive may be in store, overall momentum suggests a possible bullish rally in the short-term.
We are significantly over-extended from the 200 EMA and this looks to be leaning towards catching back...
The leader of the crypto market has finally made multiple key advancements indicating, at the very least, we may be in for a relief rally. But before anyone gets ahead of themselves, it should be known that the way above is riddled with landmines. Play wisely, friends.
For the bulls:
• We have finally flipped multiple bearish moving averages (entire EMA ribbon,...
Tesla is approaching the first bearish cross of 50/200 daily MA's since Feb 2019, and the first cross out of a bullish overextension since December 2017. This is also the first time it's wrestled with its 200 daily MA since the pandemic crash in March 2020.
Out of 2017, it traded sideways for roughly 1.5 years, with a swing range of around 30%, before...
The normies are almost completely shaken out, and we are now re-entering the institutional buy zone after the asset class was battle-tested & significantly overheated. If you're trading this zone, I hope you're a smart cookie. I expect some mean surprises in either direction as major players attempt to liquidate each other. Theoretical absolute bottom is 2017...
As concern boils in the stock market, Bitcoin flirts with the weekly EMA ribbon for the first time since just before the pandemic collapse in 2020. Cracking this ribbon was also a component of ending 2017's bull run. I think people are over-stating this, though. The action into this ribbon when reversing trend tended to be aggressive - crashing through 3 ribbons...
As pointed here, Harmony finally broke out and started making a long-awaited next push, only to be redirected back into the wedge during Bitcoin's latest dump!
At least this proves that there energy is, in fact, there for Harmony! It's just that Bitcoin keeps throwing stink bombs into the party =\
