bhx10

bhx10

I have plotted the yearly OHL. White line shows year open. If you think BTC is bullish then you buy the year open and hold till EOY or hodl till your heart desires. Alternatively you could gamble and wait for a dip below year open and buy then. Or perhaps you can wait till there's a dip below year open and then wait for a reclaim back on top of the year open...

bhx10 Updated 

Everyone is watching this 60% level on CRYPTOCAP:BTC.D for the potential reversal from bitcoin dominance into alts. And I agree based on the order block and golden zone confluence. The next step I take if I believe an alt season is soon, which is around the corner sooner than one would think, is to hawk the btc and ratio pair charts. Here are a few that have...

bhx10

With BINANCE:BTCUSDT at a new ATH of 90k it brings up the rest of the market and raises all boats. We are still in November of 2024 right after the election. Lots of people remained sidelined and lots of capital is sidelined. Come next year all the investments that are up on the year that have been invested in equities and any other assets will get their...

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Here I have the TOTAL2 chart overlaying the BTC market cap chart. - Black: BTC - White: TOTAL2 - Yellow vertical lines: BTC Halvings The main alpha here is identifying the moments where TOTAL2 > BTC. This means the rest of crypto is valued greater than that of BTC, people are going further down the risk curve to seek greater returns, and peak euphoria has set...

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Clear inverse relationship between the longs and shorts on SOL. White (longs) Orange (shorts) Right now the longs have reached the same level as when SOL hit its high of 200 back in march this year. Longs got dumped on recently on this small sell off but interest remains at elevated levels. Shorts coming off their lows and seem to bottom when SOL price...

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BYBIT:BTCUSDT Seems we typically experience some downward volatility in the first week of each month since June. I certainly have noticed a trend: July 4/5 bottom, Aug 5 bottom, Sep 6 bottom. Let's see what the rest of the week has in store for us. -- -- -- -- Using the 50 period on the 12H for the ROC it seems we could be near a local top which has...

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While I remain very bullish on crypto and alts I think this recent pump is not quite the true breakout. I like the OKX:OPUSDT chart because it's price action has been a nice cheat sheet/ indicator for where the crypto market is. Significant peaks are usually the tops and clear support zones are usually the bottom in the market. OP here seems to be replaying...

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Please study and look back on the history of CRYPTOCAP:OTHERS.D This trendline has acted as major support with each touch marking key reversal points of alts before moves higher or at the very least moving away from their lows. Light blue is CRYPTOCAP:OTHERS with the grey boxes marking the touch points and the yellow vertical lines being the BTC halving...

bhx10

Earnings next week. Kitty head master tweeted. Let's see what happens. Looks nice on the weekly but who knows if it has another move in it. Keeping an eye on volume. If anything GME could see one last major move higher but that's based purely on gut feel and chart setup right now. Could also dump, but $20 seems to be pretty sound support. The break of the...

bhx10

No analysis but wanted to share this color scheme I have concocted. It's nice to look at a beautiful chart if you're going to be staring at it for hours on end. I like to avoid very bright or jarring colors on my charts. I also avoid red as much as possible because it's not ideal for keeping a calm collected mind required for trading (IMO). I went for a cool...

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BINANCE:SOLUSDT Based purely off technicals SOL looks to be bottomed or very close to one. 130 support 126 previous year (2023) high Solana bottomed after 8 straight down days on Aug 5th and has experienced the same just now Anytime Sol has suffered 5+ straight down days it has typically marked a local bottom or THE bottom 12H, 50 period MA speed...

bhx10

So ETH broke down. Send it lower. Found some interesting areas of interest using the OHL (open, high, low) this year and previous years. There is a strong interest zone between 2400 and 2000. Found lots of confluence. Yearly open marked by red line with the yearly highs and lows marked in black. 1. Yearly open at 2282 2. Yearly low at 2095 3. 2023 yearly...

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Yea ETH is getting dummied and chewed up all over the timeline and on the charts. It is still underperforming BTC and SOL. However, amidst all the FUD it has an ETF and some diehard users. ETH likes to die, come back to major support, then slowly grind higher. The market is a discounting mechanism for participation. Everyone wants to sell ETH or short it and I...

bhx10

Last time BTC reclaimed the 200d MA it was around this time last year after a couple of months of sideways chop boringness. Price broke out and held above the 200d for a couple of days before the absolute piss missile green dildo and up only. I have zero idea on what's gonna happen next but I remain a bull. The monthly flipping bullish and creating a...

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This is the first time BTC has gone through a halving event where yields have been HIGH. The past 3 halvings yields were LOW and then slowly rose until there was a local top in yields. This time is different... Looks like yields are about to fall of the cliff and reverse down. The DXY is about to fall. Foreign currencies getting bid up. Frankly IDK if a...

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BTC and the DXY dollar index showing an uncanny resemblance. What do you think happens next??? BTC chart here is inverted to give a different perspective. Market does not like uncertainty. And today after Jackson Hole JP we got a little more certainty. Euro, pound, yen, and lots of other currencies gaining strength against the dollar. Equities gobbled up the Aug...

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BTC has failed to close below 58k on the weekly for 3 straight weeks. It will be 4 straight weeks if this weekly candle closes green. There are signs this was the bottom: 1. Huge volume spike with lots of liquidations on the Aug 5th Japan carry trade unwind dump 2. Equities V shaped recovery from the Aug 5th dump 3. BTC barely touching 50k, bouncing hard from...

bhx10

BINANCE:PEPEUSDT Invalid if it breaks below the Aug 5th capitulation. Same playbook as the past two previous times it got sold off. Bears are noise. Chart says all. Good RR, good probabilities, easily manageable risk, and can accept both outcomes. Ignoring the chop and remaining patient. A large swing in one direction is followed by an opposite swing...