Bitcoin has been in a range for a while now and essentially flat for the last month. With the recent 1M TD9 count, it risks going into an extended downward count if the local range highs aren't re-visited soon. Currently finding support at a major fibonacci retrace level of 0.786 which interestingly enough is also the VWAP of bitcoin in coinbase's history of...
by using some unconventional exponential moving averages here we can see an apparent trend forming. When the faster EMAs get below the slower ones, its usually an accumulation period. The real point of interest are the slower EMAs more specifically the death crosses. the first time the fast emas were below the slow ones was in 2011, then again in...
Macro range EQ and high VPVR level has been rejected with price now moving towards the closest weekly demand zone which is coinciding with the monthly as well. Range VPVR is hinting at a move to prior local wick lows at a longer term weekly demand zone. Considering the recent macd shift to positive - even if only short lived - its possible to see a sweep of...
The last time a weekly signal like this happened was in 2016 after a 72% correction.
Here I illustrate the current situation for BTC with marked zones representing areas of interest for both sides. The current price action is very similar in this area once again showing another relatively high volume green TD sequential 9 reversal. The MACD and Stochastic RSI are showing extreme exhaustion conditions similar to prior lows, as well as the sign of...
Monthly candle body support is rising over the 1.618 macro fib level, with the resistance at the 3.618 level, resulting in a massive range, which gives the impression of a rising triangle - a bullish continuation pattern. Currently filled the monthly demand zone and holding over the 2.618 level. I believe the 2.414 level is the absolute line in the sand for...
BTC is currently flashing some similar signals from last year's dump, on multiple time frames. If it loses the 55W EMA chances are it will make a lower low to the same fib level as last time.
Eth failed to break the prior all time high making this a double top formation. The stochastic RSI is printing a hidden bearish divergence and has crossed bearishly. The MACD is shifting towards negative. The TD9 count marks this weekly candle potentially as last one before a major correction occurs. Be prepared to see a lower fib extension hit in the coming weeks...
Flat resistance with a rising demand. Qnt is Printing a rising triangle with the projected target at the 2.414-2.618 fib range. Not financial advice.
Here I illustrate why VPVR is a good tool to find areas of interest but completely unnecessary. The volume bars associated with supply zones tell the story of where the levels of interest are. That coinciding with the Fibonacci levels we can make an educated guess of where price will be driven towards and where sell pressure will be. As you can see the 0.786...
Dero is in a rising triangle with a prospected target at the macro 1.618 fib level. 6H chart 55 EMA is holding support with the 1.1 fib level the mark to break. Not financial advice.
BTC rarely prints this type of buy signal. hash ribbons just crossed up signaling a very powerful reversal signal for a longer term trend.Almost as low as the end of 2019 level which was the only time this signal flashed with a temporary uptrend reversal. Either way from this point we should expect at least weekly supply zone at 56k to be hit. imo this is a long...
Doge had a large pullback from ATH. Stoch rsi is crossing up bullishly. MACD has started to shift as well. NOT financial advice.
HIGH VOLUME DEMAND ZONES AT THE 0.786 FIBONACCI RETRACE LEVEL. MACD BULLISH DIVERGENCE. IF THIS BREAKS DOWN I WOULD EXPECT MUCH LOWER LEVELS TO HAPPEN. NOT FINANCIAL ADVICE.
Slowly grinding into the last demand zone on the 4H. Bullish divergence is printing on the oscillators. This is likely to be a point where the market begins to shift. If this channel breaks down, then in my opinion we would see 27k and an extended long term downtrend to even lower levels. Not financial advice.
Average pullback after breaking 1.618 bullish extension = 60% Average time to cycle top after 1.618 bullish support = 189 days Supper cycle target is $350,000 by November 22, 2021