lysergik

lysergik Updated 

Bitcoin is in a triangular market structure on the 4h chart confronting a major multi-month support/resistance level in bright green as resistance, and a weak (but still clearly visible) highly-volatile bottom from after the mini capitulation we saw last month. Entering the green zone in a healthy breakout move, especially if with significant buying pressure, we...

lysergik Updated 

Bitcoin's triangular consolidation trend continues on the 1 hour chart. After confirming support recently and breaking the point of control with a healthy correction pattern, I think we are likely to retest the bright-green descending trend-resistance soon. (+2.7%) See for a slightly bigger picture of the current trend pattern

lysergik Updated 

The Log Growth Curves Indicator has shown to be very accurate in showing the logarithmic range of the big-picture Bitcoin market-cycle. I've added an extra fib level beyond the two range major support and resistance curves for showing the margin of error during blow-off tops and market dumps during bear markets. All three previous market tops touched values...

lysergik Updated 

Despite support on the 200-day twice now, the 617% move between May 1st and July 1st 2019 was very unhealthy due to the short-term explosive growth. We have already retraced to the 76.4% fib retrace level, and price is now trying to hold support at the golden ratio 61.8% fib level. If we close below the 61.8% level on the monthly and/or weekly chart, that will...

lysergik Updated 

With the moving averages slowly turning upward, and price trying to find support at the 200-day moving average, there is good potential for a bull market incoming here.

lysergik Updated 

New ATH for average volume (weekly), 15 WMA crossing over 15 SMA (weekly), near Golden-Cross (Daily). I expect ETH to retrace soon after some uncertain bullish/sideways movement, then followed by a lot of bullish price movement as we slowly but surely end our overall bear market in crypto.

lysergik

After all so far, the ATOM bulls fought back hard since it began its life on Binance. This, plus the technical bull market, is a very good sign.

lysergik

This healthily long reversal may be a very good sign. Keep an eye on how the price in BTC interacts with the 200-day and 350-day.

lysergik

Having just entered a bull market, and having crossed above the 350 Day moving average, we could easily see VET perform better than btc over the next 3 to 24 months!

lysergik

Higher highs and higher lows, price above 200-day, 50 day above 200 day, 200-day having recently began turning upward. Good signs :)

lysergik Updated 

This simple monthly chart contains the most important levels in all of crypto. The beige 15-month average is major support/resistance during bull and bear markets, and the teal 47-month average is critical support for the entire history of bitcoin. When a new bull-market begins, first, the 47-month MA is confirmed as the price bounces up above it. Next, the...

lysergik Updated 

Moving averages are beginning to cross-over and flatten out on the 4h chart, DI indicator shows a lot of disagreement in the market and that either party can take control of the price, and finally, we have somewhat of a bearish descending triangle. If the fear during the move is low enough, we could easily bounce off the 124 candle (orange) or the 200 candle...

lysergik Updated 

NVT is preparing for a breakdown, Bearish DI cross, Stoch RSI Overbought. How far will this move go down? I expect at least the 50% fib retrace from market bottom to the top of this current swing (~$6100); though possibly the 61.8% fib retrace (~$5450). However, going down to the 61.8% retrace or further would require some serious fear in the market, breaking...

lysergik

Using the CHOP_LRSI (Laguerre's Time RSI with choppiness index overlay) and my Fibonacci Moving Average indicator, I base my long term buy and sell zones by the indicators marked in bullish and bearish ellipses in green and red respectively. A couple of those trend indications are based on support and resistance lines, naturally. These indicators seem to work...

lysergik

Volume increasing on average, MA's beginning to crossover, BTC/USD showing more than one or two signals that show that if we haven't bottomed already it won't be far lower than we've been already; these are, in my opinion, great reasons to presume a significant ROI on this asset over the next 2-5 years. Let's have a little thought experiment by making...

lysergik

With the increase in volume and the golden cross and fib MA cross (golden ratio cross; 61.% of the 200 candles white MA). I expect some sort of a retrace or consolidation soon on the daily chart creating 1 or more bearish weekly candles, in the near future. Afterwards, based on the trend and BTC's general position within its big market cycle, I expect BNB (among...

lysergik

The green ellipses represent basic but powerful MA and trend signals (bullish of course). The blue ellipses represent potential near-future bullish MA crosses, and the red zone represents long-term resistance for future prices (previous major long-term support; naturally). I think when BTC/USD begins its next bearish swing/retrace/consolidation, VET/BTC could rise...

lysergik

Versus the US dollar, Ravencoin has breached into a new high. If the RVN market vs. BTC finds support while simultaneously BTC slowly starts the next bearish swing (or if BTC just goes relatively sideways or better yet continues up), then we can expect RVN to begin a very intense bullish move. This could however be delayed by BTC retracing drastically, or RVN vs....