So it's been a little bit but I've been trying to get a chart for this wild rollercoaster. Here's what I see now. Next goal for me to see is 100k but I think that's already signed and sealed so 120k after that looks like the next target.
I don’t have much experience charting the parabolic projections, but this is what I see. I mostly use these ideas as a personal trading diary anyways. But I definitely see DOGE eyeing its all time highs again. My personal belief is 1$ soon. It’s just so bullish, especially with the connection to Elon from the 2021 cycle and throughout. But now it’s connected to...
I think this parallel channel has some historical and technical significance here. This can go a lot higher. The top of the channel is about 84,000$ right now. I think that Bitcoin could see some consolidation at 84,000$ or even a correction. Or it could just keep plowing through that. I think ultimately it will continue it’s breakout and price discovery.
DXY just bounced sharply from 100 back to the 200D MA at 103.7. I suspect a pullback and bounce back down now. especially because of interest rate cuts and expectations
This is a strong trend back above the 200 Daily MA. The bears tried bringing BTC down and they did but BTC is back above the 200 and stronger than ever. I'm now looking for a test of 70,000 again at least. Maybe more down could happe, but ultimately my view is upwards and onwards 🥳🤩
Finally BTC comes back above the 200 daily MA. There has been high volatility so I don't know where it's going next. Its more probable Bitcoin will test 68/69K again. That's the last all time high and the high of the current pattern. And the downsides are 62k - 45k or so right now. As long as we stay above the 200 Daily MA at 64K now, then I believe its bullish....
On the high time frames, BTC has held that support at 59000 and made an extended move away from it so far. the weekly candle still hasn't closed. And next weekly candle is also monthly close so look out for that... It is above the 200 D MA which is big. Now, I just want to see the weekly close above the MA and also next week too.
This feels so satisfying and I don't know why. Anyways, Bitcoin gapped up in July and then gapped down to fill that gap in August creating a new gap. And now we bounced back and filled that gap. Just to spell it out😂
Will Bitcoin close above the 200 daily ma. It's really all I care about right now in the crypto markets. 🫣
So I will say. This capitulation and bounce looks strong. But that has fooled me before. Though I want to say this time looks different. I mean it felt a little black swan-y. Maybe there's more capitulation. But I think it's over? More chop is probable...
Okay so I did a little research today on the older Bitcoin Futures CME Gaps. Since today the gap formed where I said in my last post. We created a gap up in July at the same spot that we now are gapping down now. I studied some of the past gaps. There is similar action in 2018 and 2019 that I saw. As far as I know the BTC! CME Futures don't have data before 2018...
Wow I don't think I have ever seen this in my few years of following Bitcoin and also looking at the old charts 😮
Right now Bitcoin cme futures has a gap from July at about 59500-60600
Bitcoin has been gunning for that area today and even reached most of it. I think it hit about 60100. However it's Saturday so the cme futures are not trading so if things close...
Well this certainly looks like the last dump to me for Bitcoin if we are continuing up from here. As you see we fell below the 200 daily ma again today for a little bit. I really hope Bitcoin falls more actually to about 59650 to fill that cme gap it left a couple of weeks ago. This dip is too much too fast so far. It has been almost straight down. Typically when...
And there she goes everybody 👏
I don't even need to say much. The price is curving up. The moving averages are getting higher than last year's bull market. The weekly rsi is low. The 200 ma was flipped as support in July. Etc. I could list so many factors. If we don't go up from here or the next pullback, then I will eat a spicy 🌶️🥵
