Closing this week above $9250 should be pretty important. Breaking out of this channel/flag within the triangle.
A scam wick down to the 25 and 200 MA is always there.
All the MA's are more align and bullish now than the two last tops. The hidden divergence on the daily is really something as well.
Declining volume with a lowest low at the emd of the triangle...
If the trend continues, this is just a bull flag. Six days from top to local bottom at 9350, -10%. Same as from 19 January to 24 January -Five days and -10%.
Bitcoin are in a 1 year Cup with handle, inside a 2.5 year symmetrical triangle.
Laddering can really look like a staircase, hourglass. or DNA.
Bitcoin seems to get squezed by 1 fib level down and 1 or 2 levels up per parabola -due to the symmetrical triangle.
50EMA crossing 200EMA as well. Which is super bullish.
This looks like a good opportunity for the MMA50 to cross MMA200. Might be a weekly ascending triangle that would line up well with the MMA cross. Same thing happened in October 2015 as well.
The top before Oct cross, almost crossed. That pump did 95% (from bottom). This summer pump did 340%! Isn't that a sign for a super cycle(?).
Sidenote: Without this summer...
First we had the big bear market descending triangle, then a smaller descending triangle as the start of the bull flag that started in February 2019. In this flag there is a uTorrent, descending scallop and a small symmertrical triangle that had a break out this week.
December montly candle is the only candle that didn't touch the top of the flag. The volume is...
This week will be the turning point if we go down to $8k or up to $10k. 70% longs at the moment. Last time most people got rekted on their longs was 22 October when it was 80-85% longs and got stopped out on a -10% move followed by a 40% surge.
An $8k move makes most sense to complete the bull flag and to touch the right bottom of the parabola.
Im a beginner. So...
This TA is based on a lot of trendlines by monthly and weekly, also by past cycles. This bullish summer indicates a strong demand for Bitcoin and which could be the reason we see a super cycle. I mean, the fundamentals are much better and the overall recognition is much bigger now. On top of that we have countries as Venezuela and Argentina fueling the fire for a...
This TA is based on the linjear bottom lines with the convex parabolic long term, and the concave parabolic bear and bull cycles. Halvings seem to move closer and closer to the center of the parabola, which also seem to make the ATH's in the middle of two halvings, and cycle bottoms closer to the halving. If we look at the halving as a signal hitting a parabola,...
This TA is based on the linjear bottom lines with the convex parabolic long term, and the concave parabolic bear and bull cycles. Halvings seem to move closer and closer to the center of the parabola, which also seem to make the ATH's in the middle of two halvings, and cycle bottoms closer to the halving. If one look at the halving as a signal hitting the...
