Ungovernable

Ungovernable

MFI is basically the RSI but accounts for Volume as well. We've only seen this daily low of MFI twice before nearly a year ago before it's huge run up. Does this suggest a near-bottom? I'd suggest so - see related ideas. I think it's a rather safe bet as we likely won't see a liquidation flash crash as most people are bearish and longs are at a low. If anything,...

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Last time we saw this setup we had a nice 45% pump. RSI has reset and we're seeing STRONG bullish divergence. I know tomorrow is iffy for the entire stock markets so... not sure what to expect outside of crypto... but SKL looks GREAT

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RSI has been reset enough to allow for room to grow much more. BTC looking similar. Things looking more bullish than bearish yet, so I think it's a nice long setup to get out before Sept 22nd .

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Seeing a lot of bullish divergences showing up. Sell pressure is weakening. On-chain metrix still bullish - it was just an overleverage liquidation event. Maybe we see another hidden bullish divergence event similar to our reversal in July before another takeoff...

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Bars pattern isn't manipulated at all. Seems to correlate with current price and data action.

Ungovernable Updated 

4 Charts - 3 Different times we were in similar predicaments. Scenario 1: following 2017's All Time High, we capitulated and rebounded to the 0.702 retracement and went into a bear market. This is currently sitting at about 54k. Scenario 2: July we reversed the downtrend , and had a semi-substantial drop in Sept/Oct to as low as the 0.5 fib or the ...

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We're going there 😏😏😏 Compare data from Nov-Dec of '20. "BEARISH DIVERGENCE" Please... There's an equal and opposite reaction to every divergence. We still have more bullish divergence than bearish if you look at the 12H OBV. People are ACCUMULATING big time. Few.

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Unique structure and indicator patterns. Haven't been able to find much for backtesting it against prior cycles. Found similar patterns. One was in a downtrend of 2017, and the other was in an uptrend as seen in this chart. Since we're currently in an uptrend. I would argue that we'll follow suit. Considering that we've followed 2013 and 2017 July/August...

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When we had capitulated in May-July, I was measuring every fractal possibility known to man. One of them had similar characteristics in the price action, fib levels, and indicator patterns. That fractal is the final capitulation of the 2017 cycle. Then I thought... why not compare an alt-coin like LINK back to that time as well... and you get something kinda...

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Comparable to every other cycle, but more precisely last August into September. Many DEFI coins have been far oversold relative to the rest of the market recently This gives them room to run if BTC decides to follow a similar price action leading into September . I say last chance - but this is obviously relative to the part of the bigger cycle that we're...

Ungovernable Updated 

From the previous cycle's ATH and ATL following that, drawing a fib up for the next cycle has proven to have 2 fibs that are highly contested - the 1.618 & 1.272 In 2013, the first wave found resistance around the 1.618 , and found support around the 1.272 . In 2017, the first wave went to the 1.414, found support at the 1.272 , rose to the 1.618 ,...

Ungovernable Updated 

Compare & contrast 2017's final capitulation to our current capitulation. 1: One last attempt for 33.5k 2: Once it drops from the failed push & the RSI's bottom trendline I've marked is hit, capitulation begins 3: A rounded-recovery instead of a V-recovery would help validate this scenario -- if it makes it that far 4: This may or may not reset the accumulation...

Ungovernable Updated 

Fib-based trendline, structure, & pattern What I'll be looking for 1: Small pennant to form nearing the end of this larger pennant similar to what I reference to and draw out. 2: Higher timeframe congruence on RSI 4h-24h (no significant bearish divergence on the way up) Foreseeable short-term bearish scenario linked below

Ungovernable Updated 

First - for the more obvious bullish divergences on OBV, RSI, & MFI. I had a hell of a time trying to find anywhere with a similar divergence But the places that I did find them had a massive pump following Additionally, you're probably confused about the TLT chart. These are 20 yr bonds that fluctuate more or less with the strength of the dollar, interest...

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I think we'll bounce around up top here for a little bit before a larger correction next week. We'll see whether things shake up anywhere or some convenient news comes out.

05:27

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I wanted to make a video version on how I came to this conclusion as I don't have much time on my hands. Everything that happens between the range is noise, and until we definitively exit above or below it, I have no trajectory to offer within. Enjoy!

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I'm no expert in bull/bear flags, but I have looked into whether this bullmarket is over or not...which it definitely is not... which made me think after drawing some lines in the sand... is this not just a disgustingly big bull flag? Let me know your thoughts.

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Although the left is on a more clear uptrend than the current, the fractal has a very similar price action amongst other things. Bitcoin is more than likely early to the proper euphoric bull market cycle, and perhaps this is the fractal that helps illustrate that timeframe MACD was starting to turn around, but perhaps there's one more dip that plays out...