Bullish divergence confirmed on the daily , short term target would be most likely to the fib level at 52500. As you can see on the Daily RSi we still inside this triangle, been following the RSI on the daily now for more than one month still no brake to the upside. Fib time zones give me the date May 31st , could we finally brake this triangle on the RSI this...
Bitcoin Dominance almost reaching all time low and hitting the 8/1 Gann ratio. I inverted the chart to give a different perspective , will the 8/1 ratio break ?
There is only one king , bitcoin . Everyone going on about the "flipping" ETH will pass BTC etc , come on there is only one true coin BITCOIN . The KING WILL RULE ALL ALWAYS , YOU CANNOT STOP THE INTERNET U CANNOT STOP BITCOIN! “Too many kings can ruin an army”
The stage is set , we break the 8/1 ratio line and get ready for takeoff .
Two possible entry points for the move up to 75k Entry 1 - A retest of the top of the triangle at 56k (Green) Entry 2 - A test of the bottom of the triangle at 51.5k (Red) Date - May 31st
Stochastic about to confirm downwards momentum technically we have to wait for both moving averages to drop under the 80 line to confirm ,there is also declining volume.
Out of all the cycle top ideas I have published this is the one where things seem to line up together pretty well. Its unreal really how everything lines up, FIbonacci Time Zones , the Genesis line (click link below to see) , the 4/1 ratio at 20k. Everything points to 185k Sometime in early January 2022 ibb.co = Genesis Line
Bull Flag in play here , volume contracting targets 59.5k.
Is Bitcoin in a triangle? did 5 days above this line break the formation of the triangle ? or can we discount this "organic" price movement. As long as we stay in this triangle and create lower highs we are still on track for much higher prices Important date , May 23rd 2021
Bitcoin has created ascending wedge high chance that we drop down more here , possible retest of 55k to the VWAP with a strong bounce. Anywhere from 55k -56k
I know its ridiculous right 80k Ethereum is that even possible ? Well Gann Fan showing that really it is possible , the 2/1 ratio line is most likely going to stop Ethereum in its tracks right I don't see it pushing past this ratio but even if Ethereum just touched this line it would be something special. So lets see what prices Ethereum would be touching the 2/1...
The Puell Multiple is going to be the key for knowing when the cycle top is reaching its conclusion. Is it going to tell us the week or the day? of course not this is one of the reasons the Pi Cycle failed because there will never be a model that gives you the exact date of future events unless you discovered a crystal ball in that case DM me. So with Puell , we...
This area here is high risk for entry for longs, wait for at least a 4hour close above this resistance line ratio of 4/1. If we close above we just have one more resistance area to break before we move to all time highs of 70k plus . Now a rejection here would be a classic bitcoin bull trap and we could see much low levels maybe even a retest of 53-55k. At the...
Sometimes inverting the chart can give you a interesting perspective on price momentum. simply right click the price list on the right hand side of trading view and a drop down box will will show "invert scale" , you can even do it now as you looking at this TA. Not looking good for now , if we break 2/1 we could revisit 50k.
Price needs to break past a few layers before we can see a all time high again , price hit ratio 1/1 and has had a massive bounce and also closes a 4hour candle above the next ratio 2/1. So far things looking good but everyone should be cautious until at least we break 4/1 at around 59k.
The 4hour RSI is forming a triangle with a decision point by May 4th 2021 which also aligns with a Fibonacci Time Zone. The 4hour RSI also has formed two lower higher points , to early to call bullish divergence but a third lower high and we would start to see momentum shift. Important Points 44000 is where there 21 Weekly EMA currently sitting May 4th Fib...
A lot of people are panicking because the Pi cycle top indicator is very close to crossing and every time its crossed within 3 days its called the cycle top, but what we have to keep mind is that this was created after all the cycle tops , so its the first time it will actually be used during a bull run. We are just under 3% measurement to cross if we compare...