Time for my long term chart again...a small bull flag gets BTC to $8K the Daily 377EMA 200 EMA and the 200SMA are all around $8000-$8200....Not to mention the 61.8% Fib Golden Pocket... Bounce up there , then fall to the bottom red trend line to re-test it. This would respect the follow thru of the 2 Day Death Cross . I would check that out on your charts and...
Long Term Busy Chart, that I have published before...keep adding to it, Look at regression trend lines crossing and where BTC is Right Now! Expand and Zoom In...Look at Fib from 10500 down to 3850. BTC Passed the 23 stopped at 32 ...all 3 trend lines converge...might back test the 23 before attempting to 50...Lots of VPBR at the 50 retracement, Grab Every...
Look at the bottom Trend line I published months ago with a breakout at vertival line. Sym Triangle breakout after halving, so far no weekly close below the line for years!
Pretty neat tool, play with my chart and see how Bitcoin is now trying to breal 9586 and get back into the larger upward "regression channel". There are Gaps below...be careful, but the last time we hit $14K , I recollect that there was a Gap at 8500 or somewhere around there
LOTS GOING ON, SEVERAL POSSIBILITIES...BREAKOUT POINTS ARE, 8220 AND 7950, THERE ARE 2 SYM TRIANGLES FORMING, BOTH ARE HIGHLIGHTED IN BLUE, ....ZOOM WAY OUT TO SEE THE HUGE ONE IN RED FROM $100 TO $20k (some people are seeing downward trending triangles with a base at the 23.6 fib 7987, which matches up to the 3DAY 89EMA) A WEEKLY CLOSE UP .... ABOVE THE WEEKLY...
BTC on CME 2 DAY WE STILL HAVE A $15 GAP IN PRICE ACTION...WILL IT BE COVERED OR IGNORED?? DON'T KNOW, BUT... WEEKLY CLOSE UP ....BUT STOPPED AT DAILY 89EMA VERY GOOD CHANCE , THAT.... SINCE BTC ON CME's, JUST BROKE THROUGH THE 2D 20EMA...THAT IT WILL BACK-TEST THE 20EMA AND THAT WOULD ALSO TAKE CARE OF THAT $15. I HAVE LOOKED BACK AND NEVER CAN I FIND A CAP THAT...
IS THE CME BTC GAP REALLY FILLED, LOOKS LIKE IT WAS FRONT RAN BY $15 NO MUCH BUT HOW SMALL OF A GAP WILL BE OVER-LOOKED? PLEASE REPLY, NOT JUST A LIKE, NEED SOME OPINIONS, CHANGES STRATEGY IF IT'S FILLED OR NOT! THANKS
IS THE CME BTC GAP REALLY FILLED, LOOKS LIKE IT WAS FRONT RAN BY $15 NO MUCH BUT HOW SMALL OF A GAP WILL BE OVER-LOOKED? PLEASE REPLY, NOT JUST A LIKE, NEED SOME OPINIONS, CHANGES STRATEGY IF IT'S FILLED OR NOT! THANKS
MY SAME CHART NOW ZOOMED OUT TO THE DAILY AND ALL STILL MATCHES UP WITH BACK-TESTING THE BREAK OF THE 21 EMA, WOULD FILL THE GAP AND A WICK INTO THE GOLDEN POCKET AND REBOUND UPWARD WE HOPE! SEE MY HOURLY CHART CHEFRUSTY
gap has gone up to 7645 with current BTC premium on CME's. I could see a dip to the "Golden Pocket" of the latest swing low to swing high. pointed on chart. then hopefully a higher low is created and we go up and make a higher high above 9500
NOT THERE YET , BUT IS FORMING
BTC CME HAS HAD A PREMIUM OF ABOUT $75-90...GAP IS AT 7625 ON SPOT...HIT THE 32%, BOUNCE UP TO THE 23%, NEXT TO THE 50%, BOUNCE TO 32%, THEN THE GOLDEN POCKET AREA TO FILL GAP
I MARKED A FEW POINTS OF INTEREST ON THE HOURLY,,,A VERY LOW TIME FRAME, BUT A GAP CAN GET FILLED WITH A QUICK DIP TO $7650-ish THERE ARE SEVERAL LEVELS OF SUPPRT UNDER THAT 3 DAY-21EMA BOTH 200'S WITH "X" HOPEFULLY IT DIPS TO FILL AND THE BACK UP AGAIN?? MY GUESS IS DROP TO $7615 SOON, FILL, CATCH A MOVING AVERAGE FOR SUPPORT AND HEAD BACK UP...HOPEFULLY...
IS BTC GOING TO RETRACE TO THE GOLDEN POCKET OF THE LAST UPWARD SPIKE...61.8%-65.0% FIB RET(BLUE SHADED CHANNEL)...= $7610-$7625 ON SPOT?...WITH A CME PREMIUM OF $75-$90....WILL IT HAPPEN SOONER THAN LATER? THAT WOULD ALSO EQUATE TO BOUNCING OFF THE 4HR 21EMA PLAY WITH THE CHART ABOVE...IT'S BUSY BUT LOTS OF DIFFERENT TIME-FRAME LEVELS ARE INLAYED ALONG WITH...
BIG PUMP ON BTC BUT A GAP WAS FORMED BETWEEN 4 AND 6PM ON SPOT...SPOT CHART IS AT 7615...CME'S HAVE ABOUT A $75 PREMIUM
YES BTC IS IN A DOWNWARD TREND, BUT HAS TO BREAK SOME TIME, AND DUE TO TOUCH TOP SIDE OF DOWNWARD CHANNEL...THIS IS THE SAME CHART I HAVE POSTED SEVERAL TIME, SO LOTS OF PERSONAL NOTATIONS...SORT OF "BUSY", LOTS OF MOVING AVERAGES OVER-LAID FROM DIFFERENT TIME FRAMES...AND YES BTC WOULD HAVE TO BREAK PAST THEM, BUT... I DID NOTICE A BULL FLAG ON THE 3 DAY TIME...
200 SMA AND 89 EMA BOTH CLOSE TO 7600...ZOOM OUT...IF WE BREAK TH LARGEST SYM TRIANGLE MEASURED MOVE TO $17000 STILL A BUSY CHART, BUT ONLY WAY TO MEASURE PROGRESS OF A LONG TERM IDEA
$7600 IS THE 50 EMA, AFTER A POSSIBLE DOUBLE BOTTOM...UP FROM HERE TO THE 200 EMS/MA...BUT BEARISH CROSSING OF MOVING AVERAGES???