bhx10

bhx10

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...

bhx10

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...

bhx10

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...

bhx10

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...

bhx10

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...

bhx10

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...

bhx10

BTC, ETH, SOL, alts, and most assets like to swing up and down moving from liquidity zone to liquidity zone. Whales need price to come to these areas of interest in order for them to put on their large position sizes without getting clobbered from slippage and large spreads. They take out the areas where large orders sit then price reverses or finds support/...

bhx10

BINANCE:ETHUSDT ETH is definitely the weakest of the 3 majors (BTC, ETH, SOL) However, I am seeing way too much bearishness on ETH, which is warranted due to its piss poor price action, but that does not mean it is going to teleport down to sub 2k. Signs of over bearishness: - OI divergence and finding support at previous areas (price is lower but OI is...

bhx10

Global liquidity leads all. The winners and main beneficiaries of increased liquidity have been and will continue to be technology and crypto. Do not fight the tape. Halving years and post halving years coinciding with the US presidential election and the debt refinance cycle for the government is a breeding ground for increased liquidity on the horizon....