TheChartGuys

TheChartGuys

Congrats Bulls! How did we know to give the BTC video a thumbnail titled "Volatility imminent" yesterday? No crystal ball, it is just our good friend the equilibrium which gets to a point where you cannot get any tighter before the break occurs and traders and bots react to it. Every higher high on the daily from here continues to increase the odds that our...

TheChartGuys

BTC has remained in the anticipated 12H equilibrium through the weekend, leading us to a likely break today or tomorrow. Watch for a volume spike to be associated with the break. With a bear break, the daily higher low is at risk, with a bull break, we look for continuation of the daily uptrend to try for higher highs. Currently in a position from the play off...

TheChartGuys

BTC has been pulling back for a couple days now looking for the daily hgiher low to form, and I personally find the most clarity on the 12H chart. The bull move and pullback are significant enough to anticipate the most likely scenario is a bounce to a 12H lower high. If bulls can get over $8,000 we will be shaping up for an equilibrium. I personally had 2 of 4...

TheChartGuys

Congrats Bulls! BTC holding up extremely well after another day with big gains. If we break the equilibrium bullish we will look to $8,500. If we break it bearish we zoom out and look for a 4H higher low with EMA12 support as a guide. The odds our monthly higher low is set continue to increase with every green day. I personally am a believer that BTC is...

TheChartGuys

Congrats bulls! 3D inverse head and shoulders we have been watching for a week has been confirmed, and both neckline resistances broke on the same move for added bull confidence. Our monthly higher low is set! Now we zoom out and look for a monthly lower high over the next couple months for the longer term equilibrium to be in play. Only notable volume across...

TheChartGuys

Bullish weekend with a few green days in a row now. The daily lower highs breaking is increasing the odds of the 3D inverse head and shoulders we have been watching for over a week. Bulls now have enough space to also be looking for a daily higher low when we do top out. A few % away from also breaking the pattern of a lower high every month, giving us the monthly...

TheChartGuys

Note 3D is the 3 day time frame which I have chosen for clarity. This potential pattern was discussed in the crypto video yesterday. Potential short term catalyst with US/Iran tension, though reaction was delayed by a solid hour or two last night from when broader markets reacted. This will mean nothing if the result is just another lower high. It is break...

TheChartGuys

After enough consolidation to be looking for a daily higher low, bulls are trying to put a stop to the consolidation by basing out the last 16 hours. We need to see a bounce to be looking for a 4H lower high... and the 4H trend change will eventually be needed to see the daily higher low set. Looks like many alts are in the same boat looking for a daily higher...

TheChartGuys

While many alt coins have changed their daily trends and seen higher highs, BTC has yet to do so and looks like we may see enough consolidation to be looking for another daily higher low compared to $7,053. It has been notable on shorter term time frames that every time there is a bull break, bear bots force the price back down shortly after, not allowing bulls to...

TheChartGuys

BTC had a bull break yesterday which appeared to favor the daily trend change and follow through, but it was met by a big bear spike in volume and 4%+ drop in a few hours. This has completely shifted momentum and led to BTC being on the verge of breaking the recent daily higher low. We would need to see BTC bulls break $7,225 this morning to regain their short...

TheChartGuys

We currently have a temporary top on the daily being set, and daily consolidation to look for a higher low and attempt the clear trend change. The size of the current 4H bounce will be very telling for either an equilibrium if the bounce is significant, or a lower high and potential lower low to see further daily consolidation take place. With a significant...

TheChartGuys

BTC Bulls keeping control ever since the 4H equilibrium broke bullish. We are watching for this inside bar to be set and the bulls to try and keep the 4H uptrend going with a new higher low and potential bull flag. Keep in mind per my criteria the daily trend has still not changed with a clear higher low pivot into a higher high. We will certainly anticipate a...

TheChartGuys

Key day here for bulls to try and see continuation, otherwise it was a very short lived bull move, and we will give back 50% or more of it with a bear break of this pattern. If we break bullish, we will be looking back at the high of the move and bulls will create more space on the daily for the potential trend change. Aggressive bulls are making a play off the...

TheChartGuys

Just like the post yesterday shown on the hourly, we now see it on the 4H where the "bounces" are not going anywhere but sideways and it is not the price reaching EMA resistance... it is the EMA resistance reaching the price. Bears still have full control looking for a 4H lower high. I personally had some bids set yesterday as my criteria for being interested...

TheChartGuys

We used to see dumps, and bounces that led to tests of EMA resistance on the hourly and 4H charts. Now... we just trade sideways and wait for the EMA resistance to drop down and catch up to the price. This shows me a lack of bull buying. Currently testing hourly EMA resistance and if we get over it, we will zoom out and watch 4H EMA resistance looking for a...

TheChartGuys

We are currently in a downtrend on the weekly, daily, and 4H time frames, giving complete control to the bears... but we are not seeing any all out dumps or extreme RSI levels. This reminds bears to not get too comfortable, as the recent nature of bull moves the last couple of months have been very hard and fast out of nowhere. Note the 20 day average volume is...

TheChartGuys

Still fighting for the daily higher low to try and remain in the equilibrium which would be considered a double bottom at this point if the bulls could pull it off. We have bots battling it out with big wicks in both directions when you zoom in to the hourly chart. If I were more confident in the volume and amount of retail money trading the space I would be...

TheChartGuys

We are currently very close to $7,080 daily higher low support as the bulls try and defend this level to remain in the tightening daily range. Bulls have to break this hourly equilibrium in their favor today to increase the odds we remain tight on the daily. I would be looking to the MOVE contract for BTC volatility in a few days IF we form this higher low and...