After this morning star candle, I’ve added to my posisition based on the divergence and setup bounce.
We need to break 0.61 resistance and close above 347.5 B to confirm a move to the 0.5 on this reverse fib. If not, we could be set back for weeks, perhaps dropping back to 0.78. TA educational note: if this plays out, I will start to favor reverse fibs on bear to bull market reversals. Fibonacci would have been a crypto trader.
Painful scenario if this superdivergence plays out. Deflation. Dollar king again. No Credit in the markets. All assets down. Commercial banks chokeholding the FED. Shit and fans!
This would be great! Bounce on this TD9! Don’t think it will reverse the strong Altcoin trend though. But always be ready for an explosive Bitkong move!
This chart says NO. Macd signals a lot more downside. And 50 mma will lead the way until? Perhaps a multi year head and shoulder? Even more bearish for maxis...
If this week breaks the 0.78 and holds, the altcoins market cap will move to 200 b. Fibonacci would have loved crypto! Used reverse fib by the way...
The 100 wma could be losing steam for a while. Perhaps 30 weeks of pressure in favor of alts! What does that tell you about the blockchain industry?
A 1 to 4 volatily correction to the 200 dma will end friday. Expect a mega increase in volatility starting this weekend and lasting the entire next week!
3 targets, last being the atl. Only down, always faster for the next 24 months.
In exactly 4 weeks we print the double top. And if you followed my previous posts you know this will probably coincide with a double top I expect on the s&p500. Get some cash ready!
After the Doji reversal on the 2m, the ratio failed to break the 18 mma. This means history will most probably rhyme. Downtrend confirmed imo! Stay tuned for timeframes and targets ;-)
I've never used a ma trend line cross before. I don't know if it even has a name?? But somehow this one seems relevant. Last time (nov 16) this cross happened while ratio was already favoring bitcoin and pushed the ratio way down. This time the cross happens while ratio is favoring gold in short term. And with gold near ath...
Just playing around... Dominance would hit 37 by January 2022. How would the Cardano operate at this point?
We will print a 9p buy and a 13 countdown on the sequential on July 9th. Perfect setup for a trend reversal if I ever saw one. Have your btc positions ready and your stops in place. Gorilla move coming up in 2 or 3 days!
Rejection of the 200 dma with a 9p sell on the sequential. If price can’t get through, it’s coming down to find balance on the very slippery 50 dma. Meaning btc will pickup some momentum while gold will take a rest.
Flipside of yesterday’s coin in favor of gold. Does this mean btc crash or Gold ath??