TIA has had a good few days. On lower timeframes it looks like a HS could be forming. That is if we now break decisively higher. On the longer timeframe it looks like we broke the descening line. Feels bullish now. But we only start being bullish if TIA succeeds to break $7.70-ish. Previously this has been a bottom area. But in july the price tried to reclaim...
ATOM BTC broke out of a falling wedge. Last days we had a retest of the trendline. It held. This makes me expect higher prices for the next weeks.
The weekly parabolic SAR has been an indicator that follows long term trends in bitcoin. If the weekly bar would close now, the dots flip from bearish overhang to bullish support. Looks promising long term. At least a bear really. Perhaps, this year, Q2 the fib 0.618 is possisble? This has been the analysis Kevin Svenson did in the previous cycle. It would be...
EVMOS looks like it is forming a bottoming construction.
The bull-run of 2017/18 topped around 20k and the following bear market bottomed at 3.1k. If you use a Fibonacci tool. The summer rally (to 13k) was at the 0.618 fib level, and the next bull cycle top was near the 3.618 level. (note that this is on the regular scale. when you use the log scale the fib levels are 0.786 for the mid-rally and 1.618 for the next cylce...
I have heard no people talking about the Bollinger Bands on the large timeframes. So I decided to look it up. On the monthly, we are at the bottom of the range. Before a next bull market it is likely the bands need time to contract. I do not expect the price to fall below the lower Bollinger Band. This may be the bottom. Backtesting the relevance of the...
BTC trades in a descending broadening wedge, a bullish pattern, with bullish divergence on rsi and macd.
The end of 2021 the current ATOMBTC level of around 450 sats, has been support. In the last month Atom has rallied up to this point. Will we encounter resistance, or breach this previous support?
This looks like the alts are stronger than BTC currently is. Fascinating to see that despite current turmoil BTC does not reclaim dominance percentages of previous cycles. While I still believe BTC to be the best and safest store of value, I feel the dominance shows how several Alts are maturing, and people feel more comfortable holding some blue chip alts in the...
There are about 3 times as many longs as there are shorts. In the 2018 bear market, the 3.1 ratio has been the top, in the bull market, this ratio has been the bottom. Current shorts feel like a proper reset for a later continuation of the bull cycle. I am expecting moves to the upside when the Bitfinex whales are going to send it.
iExec has had amazing gains last days. Current resistance is a macro down-trend. If we break these levels, RLCBTC gets even more bullish. But this seems to be a logical place to cool down and consolidate before breaking to the upside.
In the last bull run temporary highs topped around the 2.4 Mayer Multiple. And the final blow-off top, topped at the 3.5 MM. So far this run it has played out identically. The current consolidation has put the btc price below the 1.7 MM again, so we can go up for another leg up. The current 2.4MM is around 92k. With a still rising 200MA 100k is not unlikely as...
If the right shoulder will form in a similar length as the left shoulder, then the breakouw will be in March. Target is near R/S line. Let's see
We are currently held by the 2.4 Mayer Multiple. This is very very bullish. The 3.5 Mayer Multiple was a level where BTC has topped out before. I added linear extentions of the current mayer multiples. these are way more conservative that what the mayer multuple will be, because the 200MA is curving up, i.e. not-linear. If this continues as it is, a summer target...
The 2.4 mayer multiple has in the previous bull cycle been a good point for the Bulls to pause and consolidate. As linear (i.e. conservative, because it is more likely to curl up) extention of the current 2.4Mayer Multiple trajectory can get BTC to 34k in January, or at least 39k in March
The 15.8k/16k level is previous resistance flipped for support. Also around the .618 fib level of the current 10-20k rally. There is too much interest, hype, and necessity given global monetary policies, to let the price drop too far.
Head and Shoulders would be a proper reversal. Creating a double bottom ($2,60 both yesterday and october the 7th).
We are above the logarithmic trendline of the previous bull cycle.