For your consideration. I created this chart on 01/2021 and have been updating it daly/weekly. I calculate the BTC price range and measure it's width. I then apply the measured BTC price range above and below the current BTC price range. As you can see by the chart, it does a good job of determining what price range BTC will be trading in once it breaks...
This pattern is repeating every 66 days (approx.); it has been an excellent gauge in determining market direction based on the DXY.
I like to look for patterns in trading and have been tracking this repeating daily pattern on the DXY since January 2022. The pattern runs approximately 66 days (beginning December 28th, 2021 - March 4th, 2022). I simply drew a rough line over the first itineration of the pattern and copied and pasted it 6 times. Although on the daily or weekly time frame, it...
For your consideration: I have been monitoring this Long Tern Head and Shoulder pattern that began 12/24/2020 and completed 05/09/2022. There are several other Head and Shoulders patterns within the largest one that are color coded and have measured moves to the corresponding price levels... all have played out as expected. The only one left to fully meet its...
Potential BTC H&S forming in correspondence with FOMC meeting... Potential $15K target Break below neckline (@ approx. $19K) with confirmation will put target price @ approximately $15K. RSI rejected @ resistance and turned downward MACD shows loss of momentum to the upside SRSI turned down @ 100 Invalidation: Break of $22K with confirmation would complete "W"...
Looking at BTC as a whole: When the 20 crosses over the 50 = $ UP When the 50 crosses over the 20 = $ DOWN