dudebruhwhoa

dudebruhwhoa

Alternative idea for Bitcoin Dominance. Small rising wedge breakdown on the weekly that began forming at the start of a Golden Cross of the weekly 20/100 and 50/200 MAs (and EMAs, not pictured) Often after golden crosses, before the real bull run there is a strong re-test. A re-test of the 100 and 200 weekly MA over the next month or so would target the exact...

dudebruhwhoa

3-daily chart for BTC.D Targets: Possible drop to support support initially. Then TP 1 around 47 TP 2 ~43-44%. Prereqs: Remain below the wedge and lose 54% and then the 200 day EMA/MA just under it. Some confluence: My hand-drawn rising wedge on the log chart above has a measured TP 2 that lines up almost perfectly with the linear chart's "Rising...

dudebruhwhoa Updated 

If 67k is lost and not reclaimed, Bitcoin may target a drop down to ~63k and then 60-61k (around 60.6k). This relates to a couple of other charts previously posted: A smaller double-top on the 4 hour chart that is already confirmed and hit TP 1, which is likely headed towards TP 2: A daily chart that is targeting 73-75k if it can hold 60k:

dudebruhwhoa

Invert the weekly YFI (Yearn Finance) chart and you'll start to see an Adam/Eve double-bottom that has dragged out following a breakout and multiple re-tests of its neckline. It has only ever reached halfway towards TP 1. Hold "above" 10.7k and get "above" ~4.4k to move towards targets: TP 1 - ~1750 TP 2 - ~705

dudebruhwhoa

Here's an idea I haven't seen proposed. What if we're repeating the same pattern we saw between approx 40-50k, on a higher timeframe and between 50-85k. Just like the blue pattern before it, it starts with a new high being made, then a low well above old highs, then a lower high followed by a higher low, then a higher high followed by a 2nd higher low (slightly...

dudebruhwhoa Updated 

Might be a drop here down towards the 200 day EMA/MA and the bottom of this bull flag or falling wedge on the daily. This could provide some reliefs to #alts vs. BTC while Bitcoin corrects down to 60-63k area Short-term short until 53-54% area, then long again, may range within the wedge for a while, too.

dudebruhwhoa

Ethereum dominance has a potential golden cross of its 50/200 day EMAs and MAs in progress as it tests the top of both along the neckline of a W pattern. The question is how high it'll actually go. For Ethereum to become really bullish again vs. BTC, BINANCE:ETHBTC needs to reclaim the 7.2 year uptrend it lost back in March:

dudebruhwhoa Updated 

Dollar index weekly chart still looks incredibly bullish long-term. First, we have a basic falling wedge pattern with targets at 1x and 1.5x measured moves up from the breakout of its wedge. As confluence, I've drawn an trend-based fib extension from the Sept 2022 High -> July 2023 low -> October 2023's high from the wedge break (inverted). Items of Note: ...

dudebruhwhoa Updated 

4 hour chart comparison, negative correlation between Bitcoin and the Dollar Index. I'm still bullish on BTC up to 73k, but I think we'll at least see 67.5k with the way these two are moving, possibly a pullback below 67k to around 60-65.

dudebruhwhoa

Ethereum lost an uptrend it has been in for >6.5 years back in July of this last year. That uptrend also forms the bottom of a rising wedge that has taken shape when drawing a trend from peak to peak over the years. Upon losing its uptrend, it briefly saw a pullback during Feb - March of this year, but then lost it again and has since bounced down from a...

dudebruhwhoa Updated 

Others dominance may be wrapping up a right shoulder on he weekly. The right shoulder may take longer than the indicator has drawn, however so I've drawn my own next to it in white. As confluence for this, the larger pattern began taking shape after a smaller one formed within its head. The smaller inverted HS is already confirmed and is presently re-testing...

dudebruhwhoa Updated 

Ethereum is about to lose most of its value vs. Bitcoin, or gain near equal footing with it instead. What are the scenarios, and why? Bear Scenario: Lost a 7.2 year uptrend - failed to reclaim on re-test, failed to touch bottom of trend on re-test. 50/200 week MAs Death Cross Remain below on any further possible re-tests, expect ETH to lose >90% its...

dudebruhwhoa

After hitting a new ATH around 73k, Bitcoin re-tested the weekly close from its April 2021 high: It initially lost the 50 day EMA during this re-test, then the weekly candle bounced from this level, as the daily TF formed an HSi around the same area. This led to a recovery of and bounce off of the 50 EMA upon the re-test of the HSi's neckline. If Bitcoin...

dudebruhwhoa

SPX has possibly completed forming Waves A and B of a complex expanded flat correction, and may be near starting its Wave C. More likely this is the case should TVC:DXY continue up to and above 112-115. See related chart linked below under related ideas. Another possibility is a running flat correction where it turns back up near the 100% fib instead.

dudebruhwhoa Updated 

The US Dollar Index TVC:DXY is negatively correlated with the macro Bitcoin BNC:BLX chart. Indicators like the Correlation Coefficient indicator will display swings from negative to positive correlation between TVC:DXY and $INDEX:BTCUSD. This can lead to a belief that they are not in fact negatively correlated. But, when you zoom out to a macro view of...

dudebruhwhoa Updated 

TVC:DXY has formed a Quasimodo pattern that is near completion of its right shoulder. Once it crosses ~105.9, expect it to continue up towards ~112.5 and then ~116. This is the scenario I expect will occur, and I am hopeful that it will take as long as I've drawn but it could occur much more rapidly. The longer it takes, the better chance we see extended...

dudebruhwhoa

Zoom out on COINBASE:ETHBTC to reveal an H/S inverted that hasn't yet hit TP 1 or 2 and is re-testing its breakout. For a more conservative set of targets (purple), it consolidated around TP 1 and is now re-testing its neckline. Conditions for success: remain above the yellow and/or purple necklines.

dudebruhwhoa Updated 

Unbiased scenarios for DJT media of Truth Social, based on simple conditions of holding or losing a neckline at 32 bucks. Below $32 = Bearish: A weekly close below $32 that isn't immediately recovered in the following week likely means it is headed further down towards 12.50. There is an unfilled gap around ~17.50-18.50, so at the very least it could revisit...