The modified Schiff pitchfork seems to show that we've currently reached a top, or at least a tough resistance area. Will we break above, or go down into the crypto abyss?
Taking the Anchored VWAP from lows on the chart yields some interesting results. For one, a line generated from the 2015 low, and start of the third and longest bull run, coincidentally also served as support for the 2018 and 2020 lows. Going by this idea, and systematically generating AVWAP lines from these two lows in 2018 and 2020, makes a box or zone appear...
Google Trends is waning. Liquidity is waning too. Market mover buy-ins will push price up too much up before Bakkt, and when Bakkt arrives, they have a better alternative. We're pretty much at the 70% mark. It's break or break.
Whether Bitcoin CME Futures closes over or under the D 55 SMA today (brown line) may prove significant for the coming week or two. If price closes under the D 55 SMA, it means that price could move down and find new support at the 100 EMA (dotted green line). Price could then find a lower target of around $8200 within a week or two. Bitcoin CME Futures would thus...