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For the first time in years, we have witnessed a diversion in Bitcoin's RSI, which could possibly mean a huge reversal in BTC's price. Here is my point of view about this: This is the RSI Multi-Length, which is a type of RSI that varies its length. For simplicity's sake. I’ll be referring those as just RSIs, because they behave as an RSI, just a bit...
Looking at the chart analysis, you can see a few things: 1. The Bollinger bands' upper and lower boundaries are squeezing, which likely means a big move is happening. If the price goes over the basis, it will most likely break upwards, while if the price continues being under the basis, then it will most likely break downwards. 2. The “Descending triangle” that...
With the 2022 recession ever coming closer, more hints that it’s nearing appear. One of those hints include this graph, which shows the 1 year bond surpassing the 4% mark, and it’s more than any other bond. For the first time in more than 15 years, the 1 year bond surpasses 4%. The yield curve has been inverted for more than 1 month, and it’s still inverted. At...
Looking at the graph, we can see a very high-quality inverted head and shoulders pattern, because the second top made a way higher top than the first top. To add to that, the volume is decreasing rapidly, meaning we are very near the next bottom. This would be definitive for the ETF, because if this ETF increases in price, than the house prices would drop. This...
The graph you are seeing is about moments before Black Monday happened in 2008, and, as you can see, there was a clear 10% increase in price before Black Monday happened. That is what is happening right now. As soon as the USA reported that its inflation rate decreased 0.6% (9.1% - 8.5%), people became greedy and fomo bought stocks/etc. They thought the trend was...
As you can see from the chart, the 3 recent tops Bitcoin had done were becoming weaker and weaker, meaning the uptrend is losing its power and is ready for a dump. To support the prediction, we can also see the volume is decreasing, hence the momentum loss. With the incoming recession, this means Bitcoin has still room for dumps.
In the 2 hour timeframe, we can observe BTC is very close to a support zone, and it also shows the volume is decreasing as well. This shows that sellers are getting uninterested, and will most likely switch sides. Also, this descending triangle's resistance line is dangerously close to breaking out, meaning in the near future, we can expect BTC to pump all the way...
BTC is about to begin a bullish rally and here's why: Looking at the graph, we can see a candle with an extremely big wick pointing upwards has formed (A.K.A. Inverted Hammer). There are also other reasons why it's about to happen. They include: - Price hitting the 200 EMA and not crossing - Price hitting the 61.8% fib line - The downtrend is losing its...
Yesterday's candle (as of publishing this idea), was a Doji candle with a lot of buy power entering in the market. If today's candle closes above the upwards wick, then a bullish reversal is extremely likely. BITSTAMP:BTCUSD
On the weekly chart, you can see a slanted head and shoulders pattern formed. The pattern is higher quality, and recently it failed to make a higher low. Combine that with the fear and greed index being under 25, and you've gotten a bearish market. SP:SPX
BTC has broken through the very important support line a few days ago, and it is not losing its bearish momentum. Worst case scenario is that it will pump and bounce off the new resistance line. My projection is that BTC will dump to 28k, or even worse, dump to 18k. CRYPTOCAP:BTC
Bitcoin has just entered into a bullish trend, and just as it has started, it showed us a falling wedge. Using the Heikin Ashi candles, we can see this pattern is extremely accurate. A bullish trend is starting. CRYPTOCAP:BTC
As you can see from the graph, there is a recurring pattern using Heikin Ashi candles. When a doji star happens and it is dumping a lot, it goes up. This means that S&P500 will pump. To support the claim, the price just hit the support line.
In my opinion, I believe Bitcoin is going to go up all the way to the resistance line, and then drop down past the support line and crash. It is probable, since the bearish flag has been forming since last year. It is also reliable, since the time frame is very big and the flag has a massive range. DISCLAIMER: This is a prediction and can’t be considered till...
A few months ago, in late August of last year, the S&P 500 entered in a falling wedge. It looks like it is actually respecting the falling wedge, meaning the pattern is working. We don’t know how long this falling wedge will be here. All we know is that if this pattern continues, the falling wedge will be a success and the S&P 500 will explode. SP:SPX
Because Fantom hit oversold in the RSI indicator, it is probable that it goes up towards the resistance line, then bounces back and consolidates, breaking through the resistance line. This means Fantom will revert and turn bullish. DISCLAIMER: This is a theory and can’t be approved till further notice BINANCE:FTMUSDT
I just woke up to look at APECOIN, only to witness an ascending triangle forming with the pivot point. This is very important, since APECOIN might already be reversing. Let's watch what happens so that we can make something out of it. Also, the graph is hitting key spots on the triangle. KUCOIN:APEUSDT