dudebruhwhoa

dudebruhwhoa Updated 

Here's that image again as I am seeing it, it usually gets messed up when publishing a chart so I've saved it here: Though this is not coming out of a downward move, the pattern looks incredibly similar to Wyckoff Accum Schema # 1, and just coming out of the Spring, moving towards LPS and then SOS. We could see a strong move up for ETH here. I have shown some...

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Alt dominance may be repeating its prior pattern, where it wicked up to it's ATH after a series of drops, and then dropped hard before making a new ATH. I still question whether it will actually make a new ATH this time, but imagine it will at least revisit the area of previous ATH. Related idea linked below - a falling wedge breakout that is targeting previous ATH

dudebruhwhoa Updated 

Bitcoin is in a parallel channel in an uptrend on the 4h chart. A breakout targets 50k on the dot. A breakdown targets 38.7k, which is near middle of a support level that sits between 36.5 and 40k.

dudebruhwhoa

Just for fun: Here's a scenario where a 2024 market crash could coincide directly with the upcoming presidential election. The crash would be self-evident right around the time of the two party conventions and the first presidential debates (if those actually occur).

dudebruhwhoa

If the weekly wedge is drawn from the line chart like this, it gives us a bearish rising wedge that has already had a weak and failed attempt to breakout from the top. Failed breakouts (or failed breakdowns) tend to be strong indicators that - if another breakout attempt doesn't succeed soon after - expect the breakdown instead. Should ETH see that breakdown,...

dudebruhwhoa Updated 

Bitcoin Dominance may move down to daily support around ~48-49%. Confluence: It has failed to remain above 53.2%, which is the bottom of a resistance area Not pictured: it has also lost the 50 day SMA and is presently pushing on the 50 day EMA It has formed a smaller rising wedge as it moved into resistance and broke down from the bottom of that wedge...

dudebruhwhoa Updated 

If Bitcoin loses 40k, it'll likely move down to test this daily support level between 35.5 and 38k, with measured targets around 37.7k and 36.2k which suggest it may hold that support level, possibly holding the top of it if only reaching bearish TP 1. Alternatively, if it holds above 40.7k and sees a break and hold above 44k, Bitcoin will sooner see a move up...

dudebruhwhoa Updated 

There's a falling wedge with a failed breakdown on the 3 day chart. That failed breakdown highly increases the likelihood of a successful breakout. RSI has been diverging from price, and that divergence recently strengthened. Bitcoin dominance recently bounced from the top of an expanding wedge and looks like it wants to head down, finally making its new...

dudebruhwhoa Updated 

I haven't looked into this company, but the chart looks interesting to me - and its ticker news shows it recently had some promising trial results.

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What's shown in the chart here represents what I think may be a best-case scenario for Bitcoin and the crypto market as we move into 2024-25. I have a long-running theory that TVC:DXY will eventually turn back up and move above its Sept '22 highs (112-114), and when it does, we'll enter one of the longest bear markets many of us have seen in our lifetime. I...

dudebruhwhoa Updated 

A quick look at how Bitcoin could drop as low as 25-26k or even 22-23 and remain bullish. Bitcoin first broke above an inverted HS, which ultimately led to a parallel channel breakout on the weekly chart. We haven't yet re-tested the top of that channel. A re-test doesn't always occur, but if it does a re-test at 25-26k is easily still bullish and remains...

dudebruhwhoa

Copied the bars pattern from the Jan 2019 lows and scaled to match the current lows pattern. Targets line up with measured bull targets through 2025 should the stock break 30.5 SEK and head to ~39 and ~45. This may become bearish again if 23.35 is lost, it could see 17.8 and then 15.5 instead

dudebruhwhoa Updated 

Double Top possibility here, expect it to be much more likely to occur if the US Dollar Index TVC:DXY moves back above the red box shown below: This has been a long-time theory - if DXY moves above the 112-114 highs from a while back, we'll see double tops across many markets, crypto and stocks. Stocks may be the first to drop as they're already approaching...

dudebruhwhoa

BINANCE:HBARBTC weekly bar chart has formed a falling wedge over the last couple of years, starting around September 2021 until now. Bullish Scenario A move to wedge top with a breakout would target the "Google Pump" era highs of March 2020, and with a potential secondary target at or above ATH. To see a bullish breakout, it needs to hold the 150-160 sats...

dudebruhwhoa

Ethereum has formed a wedge on the daily. A break below the wedge has two possibilities: 1.) 1x measured move down that tests a daily support level that begins around 670 usd 2.) A double bottom at the halfway point near 1k that either succeeds and moves to bull options below, or fails and moves down to support at option 1. A break above the wedge similarly...

dudebruhwhoa Updated 

Within the four panels above are comparisons of major US market and the international Bitcoin indices with the US Dollar Index, $TVC:DXY. From top left to right: TVC:DJI SP:SPX NASDAQ:NDX BNC:BLX As we can plainly see, each one acts a a near mirror image going back to 2017. When looking at correlation via an indicator, like...

dudebruhwhoa Updated 

A possibility where Bitcoin could immediately turn down hard after hitting the top of this rising wedge. Confluence - DXY has already broken bullish from its falling wedge. DXY and Bitcoin are macro negatively correlated (long-term they will eventually do the opposite, even if they do the same thing short-term).

dudebruhwhoa

Bitcoin and Bitcoin Dominance may be about to move up should the 52% dominance level be successfully held. Expecting a sharp move up to 55-57% for dominance and 40-43.5k for Bitcoin, and alts to lose value vs. Bitcoin: Should the 52% level be lost, we may re-test 50 or 48% dominance levels instead. Bitcoin needs to cleanly break through the 36.5-40k area to...