dudebruhwhoa

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...

dudebruhwhoa

Yearn Finance CRYPTO:YFIUSD may perform similarly to Chainlink CRYPTO:LINKUSD , or vice versa. Their structures are near identical. YFI has persisted longer in its range than LINK and may see a stronger breakout as a result. Conversely, LINK could follow YFI instead and drop back down to its prior range after its breakout held for some weeks, where YFI's...

dudebruhwhoa

Very simple - a classic cup and handle formation, already confirmed and re-testing a breakout: - has already broken out of the handle forming a 2nd smaller cup - and since broken above and held above the weekly cup's neckline It has held above for several weeks and is now re-testing that neckline. Targets are TP 1 and 2, measured from the length of the...

dudebruhwhoa Updated 

Bitcoin Dominance may be topping out here - a possible triple-top. Meanwhile many alts are bottoming vs. Bitcoin. A couple of examples shown here in contrast with CRYPTOCAP:BTC.D are BINANCE:ETHBTC and BINANCE:HBARBTC which may also be forming triple bottoms. This could occur as soon as next week. Other possible scenarios could be: Scenario 1:...

dudebruhwhoa Updated 

A "What If Chart" - what if we are repeating the same pattern that made the two 2021 tops to the 2022-23 Bottom, on a much larger timeframe. The highlighted area is copied and expanded using the bars pattern tool and overlapped with present price action, starting from the last lower high in 2021). This is a bearish scenario where we are presently making the end...

dudebruhwhoa

Very simple: Two Adam & Eve double bottoms repeating leading into confirmation of one giant Adam & Eve double-bottom with a price target in the long-predicted 2-5 dollar range, presently measured at 3.78.

dudebruhwhoa

Ford has broken out of two falling wedges, targets for both shown on the 2 weekly chart above, and should be headed back towards its January of 2022 highs. The smaller falling wedge and the larger one have measured moves to TP 1s that sit just below ($22.80) and above ($29.20) its January of 2022 highs ($25.87). If it can break and hold above 26, TP 2 for both...

dudebruhwhoa

If Bitcoin is unable to get above the bottom of this long-term rising wedge, the top may be in when it fails to reclaim it upon re-test. It could still go as high as 85-106k, or even higher the longer it takes to reach wedge bottom. Given this turns out to be true, when this top is finally in we may see the deepest and longest correction in Bitcoin's history,...

dudebruhwhoa Updated 

Was asked to look at this one by request, otherwise not super familiar with this chart but am familiar with the token. A quick and simple take on QNT's weekly chart, showing the daily 50/200 EMAs: Long-term, Quant looks like it exited a triangle with a bullish breakout back in November. It has since re-tested and remained above. Some confluence for this is...