Sporia

Sporia

In the last cycle bitcoin dropped about 5 times to the 21 weekly, 3 out of the 5 times the weekly RSI hit about 53. In fact to start the bullrun last cycle we started off the 21 weekly exactly the same as this bullrun The 21 Weekly moving average sits at about 44000 and the weekly RSI is currently at 57, play close attention here because while every is panicking...

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If bitcoin can hold this support line then we could be just be hours or days away of a major move to the upside. This support line doesn't just go back to February it starts all the way back in December 2020 , I will include my previous TA so you can see that trendline from December 2020. Since February this support has been broken two times , for just 24hours...

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Since the start of the bullrun when bitcoin on the daily enters overbought zone above 70 on the RSI things start moving very quickly upwards. We have a average of 32 days in this overbought zone so far in this bullrun , resulting in major acceleration in momentum. Since the 8th of January though we have been making higher lows. I think breaking this key...

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This is a follow-up to my previous TA which I will link down below. It is very much possible that a blow of top scenario plays out around 100k and if that does happen then the chances of that been a intracycle top increases dramatically. If price does pop at around 100k on June 8th 2021 and then comes back down to the 0.5 Fib and holds, the intracycle top theory...

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Today I have been going over the possibility of intracycle top playing out for bitcoin. In the past there has been one cycle that has had a intracycle top and that was the cycle of 2013 , price peaked and crashed only to come up later that year to put in a higher high. The Fibonacci Time Zones I have set on these dates have been working really well so far at...

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Every time we have created a ATH in bitcoin this bull run its eventually pulled back to the 0.5 Fib. Is it possible that this time round it does the same will it find a local bottom at the 0.5 Fib at 52362? Also Fib Time zones is showing 10th of April for next potential important date. Looking for these key signs for long entry : Strong volume breakout 0.5...

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There is not much to say here really , can it be that easy lol.

Sporia

There many trendlines that you can follow this bull run for me its this one , it has by far the most interesting confluence points and it starts with the run breaking previous ATH. What I have noticed is that this trendline is a catalyst for momentum and more importantly it seems to happen on weekends. Whenever we bounce off this trendline on a weekend we...

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Possible mirco bull flag forming here , trading these bull flags can be very profitable but hard to catch they happen very quickly. If this breaks to the up side I think we will go straight to 61000.

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The MACD on the daily has called major moves in this bullrun, as of today the MACD has crossed on Japanese candlesticks on Heikin not yet . If you looking at your MACD and wondering why yours has not crossed yet thats because not all MACDs are the same you can change the parameters on the input resulting in crosses at different times. I use this free MACD...

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Every Cycle the price has bottomed at the 0.382 Fib ,so if history repeats that would put this cycle bottom at 45924. By following the current trend and by using the resistance line from the last two cycle peaks we get a potential timeframe for this cycle peak which would put it sometime late July to mid August. Also we get the price of 223000 , so what's...

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This is a follow up idea to my previous TA and prediction of 185000 cycle top for this bull run . In my last TA i go over how 185000 Bitcoin could possibly be the cycle top and today I found two potential different paths leading towards that target. White Trend Line The first path is this white trendline, you can see on the chart we have created this very...

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Does the cycle just repeat? It's only February 2020 and the price of bitcoin at the moment is 58000 it's been an incredible run for bitcoin, you would think we would be reaching the top but there is no sign that bitcoin is topping out just yet. Let's take a look at a potential cycle top, investing and buying bitcoin is the easiest part of the trade now comes...

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The CME gap at 24000 would put it at 39% from all time high , that's in line with historical pull backs from the last bull run. Will the CME gap close yet again? In the short term, any price impact caused by a hefty purchase in the futures market will be quickly arbitraged away in the spot market, causing prices to converge. But this could just as well happen...

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Every bitcoin bullrun so far has had pullbacks ,will history repeat itself, at this point we cant deny the fact the stock to flow model is still intact . www.lookintobitcoin.com So everything is setting up what looks to be the first pullback of this rally , as you can see we are coming up to very strong Fibonacci log band , this log band has a history of extreme...

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Looking at the 12month candles we can see a pattern emerge , if we take a measurement from the wick of the of the previous all time high candle in 2013 down to the close of candle of 2016 you get a candle that closed 17% from the previous halving top , if history repeats itself then the yearly candle would close just above 0.236 fib at around 16800. ...

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Maybe its to early to call a direction of bitcoin since its only hit yearly high just under a week ago so there is no clear pattern formation just yet but lets keep in mind that alternative.me Fear and Greed Index showing a 90 one of the highest recorded numbers . We also hit the top of a log growth band and last time that happened the top of the band was...

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1 year chart , second crash incoming?