Brodie

Brodie Updated 

Post is to capture a custom built indicator I have created based on prior cycle bottoms I have called the Cycle Bottom Indicator or CBT. Are we potentially approaching our first live test (occurs when the Green line crosses under the Red line)? Follow this post to see how it performs....

Brodie

The Hash Ribbons is not an original indicator of mine, but one I coded based on many you can find on the trading view platform and developed by the community. The 'Hash ribbons' indictor looks at the 30-day and 60-day moving average of the Bitcoin hash rate, which is used to show / approximate when sufficient miner capitulation has occurred (shown as a blue buy...

Brodie

Quick update on the CBI. So far this indicator has helped us to navigate the current cycle bottom pretty well. For the current forecast to work out, the scenario I could see playing out is as follows: * Bulls push price up to the daily order block to put in a decent Monthly Close. This would also keep the adjusted long growth curve model intact (shown as the...

Brodie

Hi All, I thought I would do a quick post this Sunday night I have been meaning to do for the last week or so to cover the bearish scenarios and max possible bearish scenarios I think may be possible for BTC current thinking is proven incorrect. My current thought process for a potential new cycle bottom for BTC follows my reasoning in the below charts. Will be...

Brodie

This chart has been developed for use in supplement posts. CME chart reflects the futures treading for BTC derivatives (see link before for more information). www.cmegroup.com CME Futures allowed a lot of investors money to now short the asset. CME Futures like other 'traditional' assets close their markets over the weekend and operate Monday to Friday (Shown...

Brodie Updated 

This post looks at the following items to assess BTC possible upcoming cycle accumulation ranges, next cycle bottom and historic lowest price possible: * Cycle Bottom Indicator & CBI Extensions * Log Chart key support and resistance levels * 200W SMA (Simple Moving Average) Historic Cycle Bottom Support * Historic Cycle Accumulation Zone * 300W SMA...

Brodie

Quick update on the Cycle Bottom Indicator (CBI) tracking + Log Chart post central bank federal funds rate announcement with a 75 basis point increase. See link for announcement: www.wsj.com This was not too much of a surprise, given: 1) inflation numbers after a 2) massive increase in M1 currency supply post COVID (in all tear 1 currencies) and 3) the...

Brodie

Measured Move to the 300W SMA..... Will be interesting upcoming FOMC meeting.....

Brodie Updated 

Failing the $USD 40K region, log chart suggesting support in the $USD 35K levels...

Brodie Updated 

Supporting Chart to be considered with respect to the below posts Cycle Bottom Indicator - First Live Test Approaching? Bitcoin Cycle Accumulation Zones -150W & 200W SMA

Brodie

A quick update relating to our previous post. BTC has continued its trend to quickly drop to the 200W SMA once it has broken the 600D SMA and we are now in our Golden Box accumulation zone between the 150W SMA and the 200W SMA with potential to drop down to the green box and visit the 300W SMA. If our 'BTC - Historic Over Bought / Sold MAs' indicators holds...

Brodie

From purely a TA prospective, structurally RFX (RedFlow) looks to have escaped it's decade plus long downward trend line with a very nice accumulation zone to mark a potential macro bottom (see prior post below)...? With government reform now looking at energy storage solutions piece of the problem, is now RFX time to shine?

Brodie

Alts a very susceptible to heavy devaluation in comparison to BTC when Bitcoin is in the 'Bear Market' phase of its cycle. Alts historically have not been a safe medium term play during this period until at least BTC has put in its cycle bottom and we are on the other side of the coming BTC halfling. HBAR I believe will perform strong in the next bull market...

Brodie

Has RFX finally bottomed and is forming an accumulation range between ~$0.032 & $0.020?

Brodie

If BTC rallies to close out the Monthly this week, thinking a date with the 200D SMA will be my point of focus... Aqua 200D SMA likely intercept with downward sloping trend line at possible price action intercept. Thoughts?

Brodie

Critical point for BTC on the daily for the start of this week. * RSI trend line, break to the upside (green arrow on the RSI); BTC holds local bottom support (20-30K region - green arrow on BTC price chart) and we might see a price rally to 40K (watch for the 200D SMA). * RSI trend line, hold as resistance (green arrow on the RSI); BTC breaks support (20-30K...

Brodie

BTC historically after making a cycle ATH (All Time High) falls below the Ichimoku (IM) Clouds indicator (light and dark gray filled areas on the chart) on the 3D chart and holds it as ~ resistance during the Bear Market phase of BTCs cycle. BTCs chance to escape once falling through the IM Clouds (shown at the orange arrow) is at the intersection between the...

Brodie

* Possible Falling Wedge (FW) price fractal in play for BTC (both in price action and aligned with RSI). Set-up would require price to go lower from here but is a common setup for market reversals. * FW moves would take us down to Daily OB (Order Block) support (Blue rectangles) and retest the 200W SMA. * Any pump from current levels, watch for the 200D SMA for...