After the bullish break-out of the crude inverse head-and-shoulders pattern (suggesting momentum reversal) as well as the 200 weekly SMA (thick orange line) in March, following a retest of the 200 weekly SMA, BTC appears to have returned to a long-term bullish trend. Important levels to consider next are the dotted horizontal red-lines as indicated on the chart.
S&P is back above the red 21 weekly EMA, after bouncing off the green 50 weekly SMA. Long-term chart is looking strong again, after previously getting rejected by the 21 weekly EMA as resistance (in Sep'22). .. excitement over AI? Bear market adverted? More money printing have quietly commenced, or further FED interest rate rise ahead?
After piercing below the 200 daily SMA, ADA retraced to the 61.8% Fib retracement level, before eventually falling below the 61.8-65% (golden pocket) interval -- turning the ~61.8% Fib retracement interval (previously as a potential support) into resistance. The measured target is the green interval, which might be a good range to re-accumulate back into ADA. If...
Elastos (ELA), "China narrative", recent partnership new with Alibaba Cloud (from their twitter page), base layer is merged mined using BTC-hash coupled with "BPOS" in a "Hybrid Consensus" system, EVM-side chain with growing(?) ecosystem, founder Rong Chen was a senior engineer in Microsoft. Been suppressed under the (thick orange) 200 daily SMA since Feb 2022,...
GALA rejected by 4hrly 200 SMA, and have fallen below the daily 200 SMA. Measured move at 78.6% Fib level, but may start re-entering position in GALA at around and below the 61.8% Fib level. On the 4hrly: 4hrly 200 SMA and continues to be rejected by the green 50 SMA and the red 21 EMA. Ichcloud had turned and remains bearish.
BTC have broken above the 200 SMA (thick orange line) on the daily, now at the 7th consecutive bullish candle. Ichimoku cloud flipping green as well. Next VPVR resistance level at ca 23k USD. Expect a retest of the range (19.5k~20kUSD) where the 200 SMA presently sits.
BTC is presently testing the 200 SMA resistance (thick orange line) on the daily on the BTC CME futures chart. If it drops below the 200 VWMA (thin orange line), then it will likely fall back to retest the Ichicloud at ca. 19.4K USD, recently flipped bullish again (green). This will also enable the CME gap to be closed sooner rather than later first, before a...
Head and shoulder like pattern indicates reversal in bullish momentum vs. ETH on the daily chart. BNB have also now pierced below the thick orange 200 SMA. First target is at the 61.8% Fib retracement level. Measured move is below the 78.6% Fib retracement level.
BTC will have a chance to retest the 18.5k USD level and potentially the 20k USD level if it is able to first break above the long-term yellow descending resistance line, and find support first. Bearish if the purple support line fails, with the first target at ~13kUSD. Resolution of either case expected to occur before 14Dec'22.
Presently continuously monitoring this chart atm as the candles approaches the end of the sym-triangle. Need to wait for a break out and retest for confirmation. Presently more bullish-biased after the recent fake-down with a strong rebound back into the triangle.
BTC have successfully pierced above the 4 hourly 200 SMA (thick orange) line. Ichimoku Cloud have finally turned green ahead (which could serve as a fresh support level at around the 20.2k USD level) after flipping bearish since ~20 Aug, but still remains thin (i.e. weak atm). Will need to wait awhile longer for it to thicken and "solidify". Fusiongap 50/15...
Waiting for "BUY!" signal to flash on the daily LVDT.BTC indicator to start reaccumulating more significantly. Will update this space as the BTC:USD chart evolves.
Waiting for Fusiongaps {50/15} histogram to return to green on the monthly, as an indication that the worse of the bear market is truly over. The FG{50/15} histogram had never been in the negative since 2015 where this indicator can be computed on the BITSTAMP BTC chart. Plunging into the negative would indicate a severe and unprecedented bearish change in...
Historically, a significant "spike/plunge" down on the weekly RCDI (Relative Candle Directionality Index) had consistently indicated that the bottom is/was in (in the past two cycles). Time will tell if this is valid for this cycle, while the world anticipates a severe global recession, if not depression.
SOLANA bounce after retracing to 61.8% Fib. which coincided with the 200 VWMA (thin orange line) on the hourly (note: Thick Orange Line is the 200 SMA). Higher high on the hourly set, hinting on a possible reversal of the short-term downward trend. Waiting for potential bull flag breakout vs. BTC. Ichicloud on the hourly turned bearish though, but will...
Bullish target at 0.00183 BTC. Accumulate at ~0.001755 BTC. Stop-loss at slightly below 0.001665 BTC. Bullish cross in PRISM OSCILLATORS SET to be confirmed upon candle close on the hourly in 8 mins.
Bought in at ca. 0.0000888 BUSD and sold at 0.0004 BUSD, and just re-entered at 0.0002888 BUSD. w-pattern forming (which is more apparent viewing on the 5mins timeframe -- which TV disallowed publication at that fast timeframe, hence I'm showing this on the 15mins chart ). If LUNA can break above the white line at ca. 0.0004 BUSD and hold, measured move target...
Been buying back into Waves again within the golden pocket, after having DCAed out of my position during the recent significant pump. Price have now just broken out above the sym triangle as defined by the cyan dashed lines. Presently setting stop loss below the 65% line, just below the golden pocket. WIll revert to a trailing stop loss strategy if the price...