Orriginal

Orriginal

So, as we come tot he close of MAY 2024, short of a Catastrophe today, MAY will close Green for the 7th time in Bitcoin History, bringing the score to 7 Green - 6 Red for May The Current score for June is 7 Green - 5 Red On 4 occasions, we have had a Green June after a Green May, so odds are higher we will see a Green June, though is os NOT a...

Orriginal

This Monthly Bitcoin chart shows how we could be with in the realms of reality to expect further push high. We have not reached the upper trendline yet. Noy even begun the journey to the next real ATH. BUT...................... PA ( Yellow line) has been in a large ascending channel since Dec 2013. It has touched the upper trendline 4 times and the lower 3...

Orriginal

For those that do not know, The Average True Range (ATR) is a tool used in technical analysis to measure volatility. Unlike many of today's popular indicators, the ATR is not used to indicate the direction of price. Rather, it is a metric used solely to measure volatility, especially volatility caused by price gaps So why do I say a Drop maybe incoming...

Orriginal

I have been using the Heiken Ashi chart with some success over the last 18 Months and so I am looking to it for ideas about where we may be heading with Bitcoin PA The chart simply uses the Heiken Ashi candles ( yjay iron out the Noise of standard candles and give Hints of Trend changes on all time frames ), 2 Fib Spped resistance Fance and the obvious...

Orriginal

I have previously published a more detailed analysis if why this Arc is Valid but for thepurpose of this post, Lets just say that a Valid Trend line is made of a minimum of 3 touches and we have that here. The chart above shows us slightly more detail. I have raised the Future arc ( orange) so we can see it clearly. It also shows us that we have a little...

Orriginal

I have posted this before but now I have added anoterh dimension to the list. I have previously commented on the similarities between 2020 -> 2021 ATH PA and the current Path being taken. The Arrows point out Zones of interest previously discussed. But following on from a reminder yesterday, I decided to add the ATR indicator, I used to use this in 2021 and if I...

Orriginal

So many thing to see here but lets keep it simple. Back in late 2020, When PA first took a breath after pushing up for Months ( left circle), it retraced foe a while and then continued its push to the First New ATH. That line of support, the lower Red Bar, acted a a strong line of resistance in this push up in 2023. But we got through it and then broke through...

Orriginal

MACD on the weekly oversold and turning Bearish RSI on the weekly just dropped out of oversold and dropping sharply But can you see the EYE ? Let me help In 2021, this same line acted as resistance and rejected PA - Eventually, PA broke through and we hit a New ATH. We seem to be doing it all in reverse for now....but the question is, will that Lower Eye lid...

Orriginal

That is the Bitcoin chart since the 2013 ATH to now and, as the arrows show, PA is currently following a Very similar Path since The ATH in Nov 2021. The position we are currently in is shown in more detail below This shows that in 2013, we had a -35% pull back, the last week of which was a Sharp drop and recovery. The Current total pull back is -25% June...

Orriginal

#Bitcoin "Sell off" - Why ? Firstly, it is all a very well measure correction, what is sold, is bought up. SO, This CORRECTION of Bitcoin is NOT panic selling, as supported and shown by by the most excellent @_Checkmatey_ and @_checkonchain via X OnChain data tells us what is Really happening. We are seeing more the continued movement of GBTC stock. The...

Orriginal

The Main Chart is the TOTAL Crypto Market Cap and it shows us how the Market is sitting on the Daily POC ( Red Dotted line ) off the VRVP and is gettign sandwiched between the 50 SMA ( RED) Above and the 100 ( BLUE ) Below. - All in all, After the weeks of Ranging, The PA is in Good shape but that VRVP doe sshow resistance over head and possible Lack of support...

Orriginal

Thought I would post this the day after we hear that REPUBLIC FIRST BANK has gone in to receivership in the USA. This is just 5 weeks after the FED's BTFP Banking Suppor tprogram ended. Thsi si likely to be the first of more and the question is now, how will the FED react on Wednesday, 1 st may at their next interest rate meeting. To Pivot now would be an...

Orriginal

If you follow me you will notice my fascination with Fibs. Fib Circles and their effects past and present. This is a Long, in depth Read but please, read it all......It is amazing what is happening. This chart is one I do not talk about often enough and the data in here is astounding if you consider how one set Fib circles here have origins in late 2022 and yet...

Orriginal

DXY $ maybe one to watch over the next couple of Weeks as it seems to be approching Strong support. Fundimentals, as ever, Will pay a huge part in this and so we wait. Today we have personnale spending and income Data BUT the real Biggie is on 1st May next week when we have the FED Interest rate decision made public. If that remains the same ....or...

Orriginal

#Bitcoin Weekly projection to 100K USDT Here is a little something to start the day With. The 3 stages to ATH as seen with current PA and back in 2020/ 2021 The Green Arrows show stage One. The Yellow Arrows show Stage Two Next stage is 1st ATH ( and yes, I think we will repeat what happened in 2021 and we will see two major ATH levels ) But what is also very...

Orriginal

Is #Bitcoin seeing the effects of that 618 Fib circle already ? It is possible that it is reacting early so it can break through on support, which means we may eventually see 59K USDT with either a Wick down or Full candle... I have a Spot Buy order placed in case. See how the last 2 Fib Circles took PA down to that level. The BTC.D chart shows us PA Still...

Orriginal

Many are asking "When will #Bitcoin push again" And while it is impossible to say , we can get pointers from charts and the BTC.Dominance Chart here gives us an idea that BTC.D will meet Support next week, around Last week April / 1st week of May Its a good idea to understand that just because BTC.D Rises, BTC does not always follow but the combination of the...

Orriginal

I am using the ATH points as reference to the 50 EMA ( Red) as we just recently posted a new ATH even though it was only a slight rise, the effect on the push has been significant on the MACD First thing to note is the different "distance" from ATH point to the 50 EMA below. This gives us an idea of the momntum of the Rise. The exponential moving average (EMA)...