Also pierced below the ascending channel while going sideways since 24th Mar '20. If the bearish scenario doesn't play through more strongly and violently soon, that's a window for the bulls to take over after the Sunday candle closes. (a) If that holds, establishing the next high low, expects a bounce to set a new higher high. (b) If that fails, expect it to...
BTC retesting the 61.8% Fib retrace level of the recent massive dump -- as drawn from top to bottom of the dip since it produces higher degree of confluence wrt to the VPVR levels. If the current 3hrly candle, retesting the 61.8% Fib, closes above, I will be going all in (Long) with the rest of my BTC trading account; with stop-loss set and constantly updated at...
50/200 SMA Death Cross incoming on the 1D chart. Continued to be rejected by the weekly 200 SMA, as well as the 3hrly 21 EMA (with bearish ichicloud rapidly and significantly thickening as well). 3hrly chart: CYBER ENSEMBLE {PREMIUM} PRISM (pSAR+MACD derived Oscillator. With PRISM-Momentum/Acceleration/Jerk Oscillators; aka MAJ) Speculation: Bear...
See previous detailed analysis of BTC and comparison with traditional market: Lividitium analysis: SPX normalised Bitcoin (XBT) chart analysis: Traditional market (SPX) analysis:
Expected to retest it again, and then will see where it will go from there. If it finds support, expect BTC to continue higher to 38.2% level. If it fails to find support above the 61.8% Fib level, there's a high possibility of it falling all the way down to 3800 again. See also XBT/SPX ratio analysis: More current XBT/SPX update:
Optimised dynamic fib channels for BTC on the 1D chart. Major "BUY!" signal triggered. SCRIPT URL:
Now that a new somewhat trending market structure is starting to form after the recent "blackswan" triggered dump correlated to the tradition markets, here's a re-look at the SPX normalised Bitcoin chart to look out for bullish decoupling in a time where the traditional market remains bearish. In summary, for BTC to switch into a bullish "decoupling" phase wrt to...
See also my previous analysis, examining historical behavior and confluences with indicators. + Fractal based speculation of how far down the index might go.
Previous long-term speculative prediction attempts. Extrapolated LIVIDITIUM {parallel dynamic fib levels} analysis update Fractals + some inexperienced attempt at time analysis Trollish Prediction Earliest prediction using (now renamed to) LIVIDITUM {parallel dynamic fib levels}
See also my analysis of the S&P 500 which BTC is heavily correlated to atm:
I am cautiously accumulating back in (via cost averaging) again now with stop loss set and constantly updated now.
Slowly cost averaging back in (50%) with stoploss set at 115 USD, and continually observing the 3hrly chart as well. Will enter with the rest once there are further confirmation from Cyber Ensemble + PRISM Oscillators. Previous analysis.
BTC is still presently being treated as a risk asset. IMO, only when the need arises globally (i.e. significant or even hyper-inflation), could it then potentially decouple (i.e. think Venezuela), and be treated more as a safe-haven. This chart shows the Bitcoin (XBT) chart normalized by the S&P 500 index (SPX). A 50/200 SMA golden cross have only just emerged...
Continuing from:
Will the orange 200 weekly SMA hold? If the index dips below this historical support, it will mark the start of the next recession as it did in 2008. Daily Chart:
Bullish: Coming down to 8732 USD and bouncing off, establishing a higher local low? Bearish: Dropping back down to the 50% Fib level @ 8507 USD, and probably will then retest 8732 USD before failing and falling deeper down. Present course of action?: Wait & watch for next move. Price likely to drop lower first for both cases. Set stop-loss for bearish case...
Suggesting a possible start of a momentum swing to the upside at the higher-timeframe. Need to wait for candle close for confirmation. Will be more bullish if/when the buy signal is triggered on CYBER ENSEMBLE as well. PRISM Signals CYBER ENSEMBLE {PREMIUM} See also shorter timeframe analysis: Furthermore, price also...