putnatirgo

putnatirgo

Some comparisons of the current consolidation with the range from the first half of 2021, which played out as distribution, are circulating. However, there may be key differences to consider. Judging by RSI and OBV in 2021, the only bullish signals were hidden divergences, typically suggesting trend continuation due to underlying buying interest. However, the OBV...

putnatirgo

Nearing VWAP and fib retracement, ARKM shows signs of trend exhaustion and sell absorption.

putnatirgo Updated 

From March till November of 2024 Bitcoin experienced a downtrend consolidation, eventually achieving a 7-month macro accumulation. Following a breakout, BTC underwent a rapid markup, reaching $90,000, where it formed an upward channel of 1-month distribution. After breaking down from this channel, BTC seems to be entered a range that could persist for several...

putnatirgo Updated 

FIL, DOT INJ, ARKM, and TAO may be still in accumulation area judging by volume profile and VWAP. However, DOT seems to have relatively more risks as it has comparably smaller retrace and price is above both POC and VWAP. FIL, INJ ARKM and TAO seems to be most promising to due to 0.5 retraces, price being at either POC, or VWAP or both. TAO seems attractive due...

putnatirgo

TAO has retraced, potential opportunity to add for longs

putnatirgo

Altcoins are positioned to increase their dominance in case BTC initiates price discovery.

putnatirgo Updated 

Some details in the INDEX:BTCUSD chart that can be considered when averaging in: Price has reached the average bear market target threshold – 83±8% (range from 6 to 16 k, from Fib level 0.236 to 1). Bullish RSI divergence on Weekly, which can be maintained with further drop. In 2018 bottom was 200WMA, in 2020 - 300WMA, 400WMA (~13 k, Fib level 1) can be...