What's happening right now on the 2 week chart merits a TA.
Stochastic on the 2 week about to do something very rare, we have 14hours left of the 2 week candle to close but if it closes with a cross best buckle up.
Last three times we had massive moves to the upside , the amount of momentum required to get a cross in 2 week is massive , we only had three in four years.
On the lower time frames like the daily Bitcoin has had three bearish drives of divergence and its recovered
This shows major strength we could be in for a surprise.
In one of my last TAs I go over the theory on where this rally would stop and pullback using usdt chart , have a look below
We are now very close to that trendline .
So mixed signals for now , daily on the USDT chart saids that there is major support on that trendline but this 2week stochastic cross cannot be ignored "IF" it crosses in 14hours from this TA and I very much think it will cross ,prepare.
A while back I posted this TA below
Called it the dream run of 2013 ,where we corrected 75% just like now and then went on to put cycle high , well click play on that TA , as crazy as it sounds bar pattern is playing out plus we have a 2 week cross.....
Expect the unexpected with Bitcoin,been in this market long enough to know that anything is possible with Bitcoin , human emotion is volatile.
Stochastic on the 2 week about to do something very rare, we have 14hours left of the 2 week candle to close but if it closes with a cross best buckle up.
Last three times we had massive moves to the upside , the amount of momentum required to get a cross in 2 week is massive , we only had three in four years.
On the lower time frames like the daily Bitcoin has had three bearish drives of divergence and its recovered
In one of my last TAs I go over the theory on where this rally would stop and pullback using usdt chart , have a look below
We are now very close to that trendline .
So mixed signals for now , daily on the USDT chart saids that there is major support on that trendline but this 2week stochastic cross cannot be ignored "IF" it crosses in 14hours from this TA and I very much think it will cross ,prepare.
A while back I posted this TA below
Called it the dream run of 2013 ,where we corrected 75% just like now and then went on to put cycle high , well click play on that TA , as crazy as it sounds bar pattern is playing out plus we have a 2 week cross.....
Expect the unexpected with Bitcoin,been in this market long enough to know that anything is possible with Bitcoin , human emotion is volatile.
Comment:
Clear cross
Comment:
Cross nearly the same time last 2 cycles , about 50days after first Bitcoin capitulation
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