Sporia

Sporia Updated 

follow up to my last TA have a look below. Its the end of the line ,either bitcoin forms a double bottom or W pattern formation or its over short term. Bitcoin can't seem to break 4/1 Gann , never seen such strong resistance coming out of a Gann its like slamming into a brick wall. If we do break this support I do not see how a May cycle top will come in...

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Does chainlink even have bear cycles? , one can say price just goes into a long accumulation period before heading up once again. Secondary Long term channel still intact , I did have another I was charting but it broke that one. Chainlink has had a double rejection off the 8/1 Gann so far. The longterm channel and the end of the 8/1 Gann cross March 14th 2022...

Sporia Updated 

Just a short term TA on the current price action . Bitcoin has formed an ascending wedge and got rejected once again of the 4/1 Gann . We can't seem to break this level finding it has major resistance , Monday is a big day for Bitcoin we decide if we carry on up and break the 4/1 Gann or resume the downtrend. As always set some time fibs , keep in mind this is...

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Litecoin dominance has been a downtrend for four years by the end of February 2022 the pattern will break. As you can see even though its not the perfect Gann placement we still get very good reactions off the 4/1. Also not sure how the MFI is exactly working on the dominance chart but it is so we can clearly see that it does show divergences pretty accurately....

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So I have been going over Log Fibs quite a bit the last few weeks and found amazing patterns regarding the Blue Fib log you see in front of you, take a look at the TA below . What I noticed was that Bitcoin tends to do a double bounce off the Blue Fib log before moving higher, right now with just had that double bounce. Now looking further into each bounce we...

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Does it sound so crazy 185k May 2022? Is it really such a massive move? All we are talking about here is a 290% move from 52k , it did that in October 2020 to January 2021 , in just four monthly candles Bitcoin moved 300%. If we close this months candle at 52k or above it will increase the chances dramatically of triggering the last phase of the cycle and since...

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A few weeks ago I posted the TA Satoshi Prophecy , check it out below . In that TA i laid out my entire thesis on why the top will be May 2022 and how we are still in a bull market. Nothing has changed since since December 12th 2021 since i published that TA , my timing on that chart was off but everything else is still intact for now. After everything I have...

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Sell in May and walk away . Why check the two TA's below.

Sporia Updated 

Litecoin is pretty much in the same spot as Bitcoin , in a descending wedge but at least with LTC we also have bottom support with the 4/1 Gann which is making the lower part of this descending wedge pattern. There is a Fib time on the 24th of Jan 2022 that could play out to lines up with the end of that wedge but I doubt we will grind down to the tip of the...

Sporia Updated 

Throughout the history of Bitcoin there has been one fib log that holds the key to parabolic moves and that is the blue Fibonacci log. Underestimating this Fib log on a Bitcoin uptrend is a grave mistake as you can see every time Bitcoin is on a macro uptrend and bounces off the blue Fib log it triggers massive momentum. This is why now its most important to...

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This is a follow up to to my previous TA please take a quick look at this one . Right so yesterday on the TA above I went over how powerful the blue Fib log is , I realized that every time we are on a macro uptrend and Bitcoin bounces off blue fib log it triggers massive momentum. Now taking a deeper looker at what exactly happened during that period we can...

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Expending on the previous TA . Market structure same as MId cycle 2017 : 2017 40% pullback Lower High Descending Wedge Bounce off Fib log 2022 40% pullback Descending Wedge Bounce off Fib log As of this moment technically still a lower high with the last swing closing at 40700 (Yellow Circle) , at the moment no daily close under 41000 so for now we still have...

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Just imagine if this played out haha a disbelief rally at peak fear! Very similar price pattern from the Mid cycle 2017.

Sporia Updated 

After going through hundreds of hours of Bitcoins history and past cycles I now believe that the most important cycle to look at is the 2019/2020 period. Call this period whatever you want but the fact is we are repeating the pattern so closely one can not ignore it. Going over the 2013 and 2017 cycle would have given you some insight into movement but nowhere...

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The green boxes are Greed and the Red boxes are fear. These are the readings we have had all year a lot of ups and downs but the overall structure is still technically up . The moment we close a daily or a weekly under the last swing low which was 40900 (yellow Circle) I will turn bearish . Right now Fear is at 10 basically Covid crash lows but what is more...

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Right what you see in front of you is the secret on how to call tops and bottoms on Bitcoin and as a bonus I mapped time a time sequence on it next time count is 25th April 2022. This market cap USDT chart has been in ascending channel now for years and as you can see every time we touch the tops or bottoms of the channel it has resulted in a major cycle or local...

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So the money flow index is showing a similar pattern from the October 2020 breakout its not exact but pretty dam close.The only major difference is the yellow circle which was most likely caused by the massive liquidation event on December 4th , cascade of liquidations must have triggered this movement of the MFI . Will include version 1 and 2 below, really at...

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Is the Bitcoin price boring you? It seems like nothing is happening with Bitcoin just boring sidways movement , or is it possible we are setting up for a launchpad to 100k. The October 2020 breakout took Bitcoin 48 days to regain 12500 dollars from where it dropped. At the moment its only been 29days where will price be on the 48th day? will the pattern repeat?...