cyatophilum

cyatophilum

Using indicators only, we can see MACD crossing down and a RSI bearish divergence. 1st target would be at 1.02 usd, 2nd at 1.00 usd

cyatophilum

The trend is still bearish. Price remains in the descending wedge I drew in red and is creating support above 16000 $. Price has been ranging for a week. A break of bollinger bands could be a signal for the next move. RSI is showing a bullish divergence (RSI rises while price goes sideways). The ascending support RSI is creating has to hold if we want to see some...

cyatophilum

Hello, here is a multi time frame technical analysis chart for Ethereum. We are at the very end of a descending wedge (some people will also see a triangle) on the higher time frames. Price is testing 5-month support area at 1050$ and could be printing a double bottom on the daily chart. We are starting to see some bullish signs on lower time frames but nothing...

cyatophilum Updated 

I believe charts speak better than words. Weekly: Daily: 4H:

cyatophilum

Follow up to my previous idea: To sum up, bitcoin surged again making a new high and stopped right at the upper channel resistance which was the last checkpoint before we could call for a clear rally. What happened today looks like a correction against the bulls. Price is retesting 100 days moving average, which is healthy, but shouldn't break further below...

01:25

cyatophilum Updated 

Quick video to show this little trick using the Replay mode that allows us to load more historical bars than real time, and thus get a better picture at how a strategy can perform over time. The Strategy Tester re-calculate the results everytime we load new bars, as the indicator strategy is correctly applied to these new bars. I got the confirmation from the...

cyatophilum

Hi everyone, The sad truth behind Bitcoin price is that it is still strongly correlated to Nasdaq's. When Nasdaq made its support at 13 000$, Bitcoin dipped to 34 300 $ back in February. Then in March, the Nasdaq tested once again the support, Bitcoin was trading at 37 500$. From 15th of March to April, both prices rallied up, Nasdaq to 15 000$ and BTC to 48...

cyatophilum

Good morning TradingViewers, BNB is fighting this drawn downward resistance in white, reached 460$ early this month, got rejected to 395$ and is currently trading at 420$. I am waiting for a breakout of this trend line and once that happens my first target will be 470$. Until then, price could continue falling in the near future.

cyatophilum

Hello everyone, Yesterday, I said that a breakdown was very unlikely. Today, it looks like Bitcoin found a bottom and is following an upward trend. On the short therm, Bitcoin could range between its current price and 40k. But the next key level is all the way up to 43.7k Looking good for the bulls right now.

cyatophilum

Hello everyone, Today, Bitcoin has been retesting its ascending channel's support and bears' liquidations made the price push up to 41k in just a few hours. The risk reward ratio for long is very good right now. The condition is that we remain in this channel which is in an uptrend by making higher highs and higher lows. The first target is the channel mid...

cyatophilum Updated 

In this idea I will make an in-depth tutorial on how to use the Accumulation Strategy and how to automate it. █ PRESENTATION The strategy is in the form of an invite-only script providing backtesting and alerts. Here is a link to the script page: Goals  • Steady profits. Smalls profits over time and no drawdown as long as you don't sell in loss.  • Peace...

cyatophilum

This above is the well known Bitcoin Dominance chart. It keeps making lower lows and lower highs. I hold zero BTC in my portfolio. In the scope of an investor, there are plenty other cryptos with much more potential. Bitcoin remains the safest cryptocurrency with its proof of work, but people are starting to understand that it has very limited use cases, very...

cyatophilum

Dear traders, we are at a crucial point for Bitcoin, as it once again retests the 45k resistance. We have been in bear market since 19 of November. The most times a resistance gets retested, the higher the chance of breaking it becomes. RSI is now rising above 50. I want to see a clear break above 45400 to turn bullish on the daily.

cyatophilum Updated 

The daily chart key levels show where bitcoin price spends most of its time and volume. Price tends to move quickly from one level to another, and from this we can see where Bitcoin could jump to on his next big move. Currently trading above the 40500 key level, the next one is either 39000 or 46500. On 4H the next level is either 42220 or 39400. Follow...

cyatophilum

Near approaching its daily resistance line at 11.776 USDT, with a potential reverse head and shoulders pattern. The pattern needs to be validated with a clear break above the resistance line, and an increase in volume. Target for NEAR would then be previous resistance levels, 1st at 13.5 and 2nd at 16.2 Bitcoin, of course, needs to show some strength to give a...

cyatophilum Updated 

Most of the info is on the chart. Descending Broadening Wedges tend to breakout upwards. The Triple MACD divergence is also a bullish sign. The signal I am waiting for is a close above the upper trendline of the wedge. The target would be the first (highest) high in the pattern. (40960$)

cyatophilum

People are looking for safe infestment as inflation rises and threaten to accelerate. Gold is one of them. Price is currently fighting this 1900$ resistance and is very likely to break out is the situation with inflation does not get better soon.

cyatophilum

If Russia attacks Ukraine then oil price will soar and speed up inflation. We already are on historical levels for oil, and if there is an invasion, we could see 130, 140 or even 150$ price for oil. If that happens, inflation will literally explode. The actual 7.5% will be nothing. We might end up with 10, 15% like back in 1970 in Europe and USA.