dudebruhwhoa

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Bitcoin and DXY tend to do the opposite of each other, even if they do the same thing on lower time-frames, they eventually catch up and move in a negatively correlated manner. Bitcoin has dipped after tapping 31k. I believe the dip will be short-lived and we should see DXY continue down into lower 101s while Bitcoin continues up into the 32k area. DXY 4h chart:

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Unpopular idea - CRYPTOCAP:BTC.D could actually be dropping hard here after falling just under resistance at ~53%. It stopped directly where the lowest wick stopped below that resistance, and also stopped at the top of this expanding wedge. Could we see a move down to the bottom of the wedge and finally make the new all-time-low that everyone was expecting a...

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DXY dropped out of its 4h uptrend, presently re-testing a 2nd time after failing to reclaim the channel the first time. RSI is diverging bearish against price.

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This is a 4h view of the daily chart, which has already broken out of a falling wedge. That breakout has created a smaller falling wedge as it has re-tested the top of the daily wedge multiple times since breaking above it. Following its initial breakout, it formed and inverted head and shoulders, and looked ready for a bullish move up. That pattern failed and...

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Could the US Dollar Index revisit its all time high, as the Euro again sees its all time low? TVC:DXY broke a long-term falling wedge, re-tested its top and then moved up. FX:EURUSD broke a long-term rising wedge, re-tested its bottom and then moved down. The Euro has risen slightly above the middle of its "M" or double-top pattern. This could be a...

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Here's an example of a pitchfork drawn on the 2 weekly BNC:BLX chart, measured from the March 2020 low to the Nov 2021 high and completed at the Nov 2022 low, and then extended in direction and levels (up to 9 levels can be added). The chart above makes for a solid example of how pitchforks can be used to derive a trend or channel and find solid support and...

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An example of how a modified Schiff Pitchfork, with lines extended, can be used to ascertain trend and various trend levels for the full chart history of BINANCE:HBARUSD Pitchforks can be extended to detect new bottoms and tops as well:

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If we continue to hold the triangle, Bitcoin should move up to the 32k area. Lose the triangle and we could see a small double-top that revisits the 28k area.

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A bearish divergence between RSI and price on the 2 weekly chart led to a drop in the dollar index. It will likely re-test the upper trendline on the chart, around ~100. From there, it will either bounce or fall below, potentially making a 3rd higher high above the lower trendline, well above ~88-90.

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Here's a look at CRYPTOCAP:OTHERS.D or Altcoin Dominance vs. itself, but without CRYPTOCAP:USDT.D and CRYPTOCAP:USDC.D When removing the calculation of stablecoins dominance from the picture, the pattern looks less like a downtrend and more like a potential bottom that may soon reverse. Most are not expecting this with the present rise of ...

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Should TVC:DXY move back down to the bottom shown on the chart above, the altcoin market could move back to its top. There is also a possibility of this happening if DXY simply moves sideways for an extended period of time. However, if DXY moves back up above 105-108, hits 112-116 and continues, expect the altcoin market to move much further down. ...

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Bitcoin dominance may start to see some resistance to its move up just above where it is now, somewhere between 52-54%. If it is rejected at this level, it could move back down to test the support level around 48-50%. A daily close above ~52.8% or so could lead to higher highs instead, however.

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QYLD has a ton of unfilled gaps on the daily chart. Gaps don't always get filled, but have a tendency to more often than not. All of its gaps are at higher price levels than where it sits now, some heading all the way back up into the low-to-mid 20s

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After first breaking below its falling wedge on the daily, Bitcoin reclaimed it, then moved back to wedge top, and yesterday closed with a breakout on the other side. Initial targets are 29.8k and then 31.5k

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We had a head and shoulders that made a 1.5x measured move down, where it created an inverted HS that saw a 1x measured move up to resistance. Sitting at resistance now, if we don't soon see a push through it, we could move back down towards the support area marked on the chart. As long as that support area holds (or the neckline below it), we should see a...

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DXY has begun seeing some losses on news of lower than expected inflation and the Fed's decision to skip an interest rate hike as a result of that news. Should it continue down, BTC will begin to move back up until otherwise.

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The 8 hour chart shows a rising wedge. Its 1.5x target lies near the bottom of a larger falling wedge as seen on the daily or weekly charts. Short until reaching the bottom of the wedge, then long.

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Each time Bitcoin has entered an uptrend, it eventually reaches a new ATH and then loses the uptrend about a year or so later, and the begins a new and weaker uptrend. Its first uptrend was lost about 2-3 months following its ATH, and the 2nd and 3rd ATH failed to re-test the bottom of that trend. When the 2nd uptrend was lost, the next ATH perfectly re-tested...