BTC is above the 3D MA 200 for the first time in 14 months. We could see a brief throwback to 28.5k as the worst case scenario, but in general, I see up from here.
Bull and Bear Case for this next 60 Day Cycle. Revisiting the 200 DMA is most likely before then rebounding to higher highs.
Although the top didn't pan out exactly as I had expected, I think we can expect a similar cycle bottom at 25k which I predicted almost 60 days ago.
This upward-trending trendline is the one to watch for continuous bullish force. Keep an eye out for 28.5 and 32k overhead resistance as well.
Same thoughts as with Gold - cycle low due in late March. A temporary relief rally is due here before breaking down lower. The cycle low will be a great buying opportunity.
Bitcoin's Bollinger Bands are extremely pinched on the 4-hour chart and held ascending trendlines in the most recent low, which I believe to have been the 60-day cycle low. Given these things, I look to the upside for the next move.
Gold Cycle Low due in late March. We could see a short rally here at the MA600, but it won't last.
I will be a buyer at this 22.9k level. A cycle low is expected within the next week, and with the volume profile and EMA 34 confluence, it looks compelling.
To build off the higher low narrative, also a nice ascending triangle formation.
BTC making a nice higher low structure along with the EMA 34 bounces on the 4H chart.
4H MA200, 4H MA500, and horizontal resistance. All coming together. A killer short.
BTC losing the 4H MA200 with the close about to happen. Watch this level closely, it doesn't look good right now but a lot of the downside has probably been experienced. I think we'll trend lower to 19.7-20.4k over the next two-three weeks, but it won't all occur suddenly. We could locally bottom for a week just about $300 below current prices.
BTC seems to have definitively lost the Daily EMA 8. 25.5k doesn't seem like it will be reached, and the high of the cycle is in. Look for a higher low/bottom at 20k.
Nice higher low structure for Oil here. A seemingly easy trade, just don't count on it lasting forever. MA50 and MA600 confluence is slightly worrying.