Since the 2008 crash, there has been 3 touches of the .236 deviation of the century VWAP for the Nasdaq 100. March 2020, came close. Will we see the bottom of this bear market at the .236 deviation? The upper deviations shown are .236, 1 and 2.5. The lower band is 2.5
This Weekly chart includes two indicators: VWAP and RSI The VWAP is set to the Century timeframe, with deviation bands set at 1 and .5 The Blue verticle lines are the BTC halvings. The gray verticle lines are the Cycle bottoms. The gray verticle lines also indicate the weekly RSI bottoms, at around 28+/- One can see that the primary support band for the bottom...
This chart shows the Weekly BTC Price against the Decade VWAP (Since Jan1, 2020). Deviation bands at .5, 1 and 2. Previous patterns might indicate that the price will bounce to the .5 at around $38,500. Before descening again to the -.5 at $20,500. Notable: the Century VWAP sits at about $22,500.
This is currently the third touch of the 26 Month Ema for 2022. Combine this with the touch of the 2nd Deviation on the VWAP wihtin the Quarterly TF. It would seem like this is a probable bottoming point for BTC. Historical data helps to validate this POV. If this bottom does hold, it could be argued that we are now entering wave 3 of a new Elliot Wave. This...
According to this indicator in both the Daily and Weekly timeframes, Bitcoin has completed a full Elliot Wave cycle. It shows that Bitcoin has completed the full cycle separately on the daily and weekly timeframe.
There has been a lot of talk about the Bitcoin correlation with the S&P. So, I wanted to see what the correlation between Bitcoin and the S&P has been over the last few months. Here is what I saw: The scale of this charts comparison isn't super important. But the general movements and relative time frames are super interesting. imo Sept 29th - Oct 20th:...
The hourly 50 ema has crossed above the hourly 200 ema for the first time since it lost its upward trend in late November.