DXY currently testing .786 fib resistance. Watching for a rejection here to validate a possible bearish butterfly harmonic.
Each colored section per chart is the same amount of bars/days. These are 4 trends on Bitcoin that are all coming to an end of a 3 phase cycle in the same window of time. Extremely rare occurrence. Expect a major change in trend when these cycles complete.
Heres how and where I drew this fib spiral using the 2013 high. Enjoy!
Currently testing Anchored VWAP support starting from top of 2017 market cycle.
Current trend compared to last bull cycle using time based fibs and trend based fib extensions
BTC previous bull cycle comparison using time based fibs and trend based fib extensions
OTHERS dominance chart in a possible inverted head and shoulders while BTC dominance is in a possible head and shoulders. The real ALT season begins when BTC dom breaks support.
2WK Log scale idea for BTC on the BLX chart. Fib channels and trend based time fibs with fib retrace extensions set to log scale fibs. RSI showing an interesting inverted head and shoulders patters suggesting a possible break higher from this ascending channel.
This is a Log scale chart on BTC/USD from Bitstamp. Utilizing fib channels with 618 extensions, trend based fib time, and regular fib extensions.
Possible bearish crab on BTC Weekly chart. Bitcoin closed a very bullish weekly candle recently and I believe the bull run has officially started.
Previous idea invalidated by a strong move higher for BTC and BTC Dom. We may assume the PA will continue in this broadening wedge until something changes. Alt seasons will be great on these pullbacks, including the possibility of the broadening wedge breaking lower at some point.
Could see an ALT rally if this gets rejected and divergence confirms.
BTC Dom is in a rising wedge and just tapped the resistance as a possible bearish retest of the double top neckline. Alt season could start very soon if this begins to capitulate. Looking for a move down to the .5 or the .618 fib retracement level.
Recent pullback played out as the fractal suggested. Looking for the trend to continue sideways with similar swings.
Looking for a range similar to previous peaks after a big run up.
Heres a few bearish ideas for BTC Dominance. Alts will run very well if this continues the downtrend.
BTC price action swings are a nearly identical to the previous downtrend only 'flipped'.