Background on $RYCEY Rolls-Royce. Ring any bells? Technically, Rolls-Royce Holdings plc. Airplane Engines. Lower low of RSI trend broken Where is the bottom? Price discovery ongoing, potential development of an accumulation zone.
A theory on control zones for BTC. Channels appear to be respected in recent price action. Monthly: Lowers Lows on Wicks Will we continue the trend of lower lows? Weekly: MACD Divergence The divergence is still valid and is playing out within the decision zone, which may lead to bullish control. 4 hour: 3 touches of local bottom Pretty strong...
Taking a look at historical crossovers of 20 SMA overlaid with 200 MA. Green circles are bullish crossovers, red circles are bearish crossovers. Some whipsaws but not enough to catch you asleep at the wheel.
4 Hour Three well-defined histogram islands on 4h MACD Weekly The same divergence on the weekly that I've pointed out before is still in play. Bulls are dangerously close to breaking the pre-dominant bearish trend line. However, the primary trend is still bearish. Never forget that. We're looking at signs of potential seller exhaustion that counter...
Charles Thomas Munger (born January 1, 1924) is an American billionaire investor, businessman, and former real estate attorney. Based off of this qualitative analysis, where do you think Bitcoin will go?
Santa and his elves are busy printing buys to keep crypto alive. We're going to find out who's been naughty or nice this year! Will you get a nice gift or a lump of coal?
Perspective: We've been in a primary bearish trend since late 2021. That trend appears to be breaking now. But that doesn't necessarily mean it's an instant bull market. There could be significant sideways chop for a while. **Weekly** Massive divergence on weekly MACD playing out. Textbook histogram islands have developed. Bullish PA might push this over the...
Trying to play Overwatch 2 and the servers are jammed. *Daily* Divergence? *4 hour* Super divergence on this badboy.
For the contrarian, it could be a moment of opportunity. Bloomberg quotes bear Dennis Gartman earlier this week as the put volume being "historically unprecedented." The S&P has shed roughly a quarter of its market cap since ATH in Dec 2021.
Trading above 20-period MA (4h) in a tight range after the sell-off. RSI looks healthy again on the 4h, but daily still has plenty of room for growth. This could pop at any moment.
It began with the forging of the Great Coins. Three were given to the Devs, immortal, wisest and fairest of all beings. Seven to the Shills, great miners and craftsmen of the mountain halls. And nine, nine coins were gifted to the race of Hodlers, who, above all else, desire power. But they were, all of them, deceived, for another coin was made. In the land of...
Can Bitcoin rise above its foes and reach the glory of days past? The Enemy has returned...
Bears are looking for a bottom on Bitcoin, but they're facing historical resistance. How will bears cope if Bitcoin rejects them?
As the Hodlers gather in their caves, locking out the supply, will the Coin Wraiths continue to wreak havoc over what remains of the market? The Beacon of Gondor has not yet been lit to usher in the Bullriders of the mountain pass. It is in the hands of Men to decide the fate of Bitcoin. Will they fail?
“I am a servant of the Secret Fire, wielder of the flame of Anor." Will Gandalf's magical line help in the fight against the great enemy Sauron, servant of Morgoth?
This is a simplified take on Dow/Wyckoff phases of the market applied to a log chart.
BTC is showing possible bullish case on MACD for three significant timescales. DXY is showing the opposite. Coincidence?
People always talk about the correlation between BTC and the stock market. Looking over the charts this week I noticed a similar lineup on the MACD structure for BTC & BX on the weekly. So, I thought I'd take a look at how the charts look on the weekly as well. Not sure what to make of it, but it's interesting. Interesting look at these two charts. BTC...