fifty2kph

fifty2kph Updated 

OK, so I decided to spice up the regular long term monthly Bitcoin market cycle chart with adding the Coppock Curve with orgasmic results. Here is what ya need to know , or not! It's not financial advice; you need to know whatever you decide you need to know ;) + Above 7 MA indicates a bull run is well under way + The bull runs and bear markets, so market...

fifty2kph Updated 

I know, I know: no two bear markets are exactly the same, but with THIS many similarities, who would deny the chance of such a juicy comparison? What is similar on the Bitcoin monthly chart? + The MACD's shape and current position + The MACD's histogram + The RSI's shape and current level + The volume pattern Any questions, comments or constructive...

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Time to BATter up? RSI In the past when the RSI has become oversold, BAT has seen a positive reaction. Will it this time? Trendlines Previously when a longish downward trendline was broken, the price moved upward, this time it didn't have that immediate move and the price is still moving down. Support & Resistance (S&R) Zones I hope I have drawn all...

fifty2kph Updated 

After a few weeks of watching numerous YouTube videos of how to draw support & resistance (S & R) zones and learning why they are arguably the most important part of technical analysis, I have spent the last 8 days making this chart. My main takeaway is: drawing S & R zones + being a perfectionist = migraine, the other is special fried rice. (Dad jokes are funny...

fifty2kph

After just completing an update to the previous Bitcoin 3rd cycle chart, I noticed something: After Bitcoin got rejected by the overhead former support line, it bounced on the 6k line a few times, each bounce lower than the last like a bouncing ball that eventually stopped bouncing and just rolled on the line whilst volume was dropping then the momentum slowly...

fifty2kph Updated 

If being addicted to finding patterns and then presenting them clearly in a chart is wrong, then I don't wanna be right. After making the last weekly chart showing the basic framework of support & resistance lines for all of Bitcoin's 3 market cycles, I decided to make a more detailed daily chart showing all the major support and resistance lines for this...

fifty2kph

Hello fellow silver lovers and TA fans. I'm a big silver coin fan, but have held off buying them for a while since I started to become aware of the importance of support and resistance (S & R) zones. It's fascinating how some areas can consistently act as support or resistance throughout the years, some as long as THIRTY years after they were first established...

fifty2kph

While just looking at the weekly gold chart, it suddenly hit me that the pattern has a striking resemblance to the Bitcoin daily one. This is just an observation, I don't actually believe it is following it and think Bitcoin will go down to test $3000 big resistance level. There will be a chart soon about all the support and resistance levels on the Bitcoin...

fifty2kph Updated 

The usual events took place: saw a pattern, researched it and made a chart about findings: it seems Bitcoin on the daily time frame could be displaying a bullish pennant. What is a bullish pennant? A bullish pennants occur just after a sharp rise in price and resemble a triangular flag as the price moves sideways, making gradually lower highs and higher lows....

fifty2kph Updated 

Human emotions are represented as candlesticks or lines on charts. Human emotions haven't evolved enough to not make these candlesticks and lines relevant today. I realize that most silver fans don't believe in technical analysis (TA) and couldn't give a monkeys about lines, but maybe if you open yourself up to this side of things, you may be pleasantly...

fifty2kph Updated 

I only make charts about things I believe have a long term future; I'm not a day trader. Enjin is one of these things, therefore I decided to make a chart (daily) showing the support levels for buying opportunities. The strongest support in terms of buying volume is the third line down, the buying volume is almost double the selling. This level has also...

fifty2kph Updated 

*updated + Using monthly timescale, not weekly for clarity + Using the 7 and 50 MAs (moving averages). Why? Above the 7 has previously confirmed a bull run has began and the 50 has shown strong support in a bear market Why did I make this? I wanted to clearly display the data of the past and present bear markets and past bull runs and let the viewer draw...

fifty2kph

I'm fortunate to have a boss who majored & mastered in finance and thesis on use of lagging indicators such as RSI, MACD, Stoch etc. and day trader of 20 years. Yesterday, we had a discussion about TA in general. He said the most important factors are volume and patterns. I hadn't really considered regular time volume as important before so I decided to compare...

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I bet you loved that title; nothing quite like the sweet smell of hope on a boxing day morning, is there? No, there is not. Well, maybe bacon sandwiches and coffee. I see some positive signs here on the 4 hour BTC chart. I find the 4 hour chart is the sweet spot between the 1 hour and the 1 day. BUT it is just the 4 hour so it is still a short term look at...

fifty2kph Updated 

I know every bear and bull market is different and I hate to do this, BUT it was just too interesting to NOT compare this time and last time's "way to the bottom". Kissin' the RSI? If you observe, the RSI playfully kissed the oversold line once before going in for the "killer smooch". Will this happen again? Who knows. What's Your Angle? Both last time's and...

fifty2kph

What the heck are all those pretty and colourful bars on the right? I hear you cry. That my feathered friends, is the VPVR, of course. www.tradingview.com It's basically showing you how much beautiful Bitcoin was bought (blue) and sold (green) at that specific price level. It's useful to spot support & resistance levels. You can clearly see it cut through the...

fifty2kph

Another day another pattern spotted; it seems this one is called a Double Bottom Breakdown. It's the first time I've used these geometric shapes so I hope they look OK. FYI: Double Bottom Breakdown definition: stockcharts.com Since the fall from the "artificially" held $6000 level, BTC has been stepping down through the levels testing each one when it reaches....

fifty2kph

We can observe on the Bitcoin 4 hour chart that since the drop has been working in different channels between the price volume (coloured bars on right) resistance levels. It seems to test the price strength on each level, one bounce lower than the next, then falling down to next level, looks weak (due to lack of volume?). The RSI has also been a reliable...