In the past the 200MA has provided excellent entries for getting into BTC however will that be the case this time? Only time will really tell. A few observations are - BTC can spend a long time in this region before it takes off, ie 10 weeks in 2019. Quickest has been the V shape recovery for the Cov crash in 2020 with 2weeks. ...
Food For Thought: $Bitcoin 200-Week MA The 200-Week MA is a topic that has been circulating in CT, and I will give you my thoughts on it and what this could mean for $BTC. With the current levels, I have marked in my chart that $7,726 - $7,176 is the level you have to stay above for the monthly time frame. The box is your line in the sand for any future to be...
Possibility vs Probability. In Jan I charted out the possibility of revisiting the 20k price range. Looks like that idea was the one the market decided to take. Here is the link to that chart: I use Elliott Wave style TA and have determined this is likely the bottom, or very close to the bottom, of the most recent bear market beginning November 2021. My...
The 200MA on a Weekly timeframe in this case is a strong support point for price Similar price action can be seen along the 200MA within prior rectangle Both will likely lead to continuation
We are below demand. There is blood in the streets. Max pain is here. The retail boys can't take much more. Never fear. Market buy. Everyday, a little at a time. Start accumulating bags in this range. Eventually the price will tick up, and the inverse of the move that just happened will occur, We will see an exponential uptrend! We were expecting a bear market...
I love to draw main channel first, to determine the main trend. We all know BTC had a crazy multiyear rally with huge -80-90% corrections. But still it keeps going up and makes new ATHs after correction was over. And we are having another correction on the way to the next significant number - $100000 per 1 BTC. Most of the time, as we can see, price has stayed...
I will be paying a very close attention to the 200WMA, as I Know in the past years it has acted as strong support. Imo I feel like on the smaller time frame we could go lower but on the weekly time close back above 200WMA. I still believe we won't see a bull market until next year.
As we can see price is receiving a strong resistance zone here and we are looking for a dump here like the red arrow mentioned on the chart.
I have a total of about 25 tickers that I'm watching. Some have already broken out & there are a few that I'll watch closely heading into June. In this 4:28 video, I go through 12 tickers that have potential upside strength, if the market continues to bounce. These setups are all mostly double bottom plays within a range after a climatic stage 4 sell-off....
Follow up of my last post. These Elliot waves show that if this is some sort of temporarily bottom, this is the end of the 3rd and the largest waves and we will be in the 4th bullish wave in a berish trend.
In this video I discuss the importance of the 3rd standard deviation from the 50 SMA on the SPY, QQQ, and NDX. Details in video. TLDR: The SPY has found itself at extremes: The Stochastic, the ATR, and the 3rd standard deviation (lower Bollinger Band) on the weekly timeframe all show this. Pull up the weekly SPY, add the Bollinger Band - go to settings:...
Btc continues to decline and some people seems to forgot what the defenition of bear market is. How to know if this is a bear market? 50MA goes below 200MA and price is below 200MA. Simple rules right? Usually it works for 1D charts. And what about 3D charts? Bigger timeframe = less false signals. And we about to have our 3rd death cross somewhere in the middle...
BlackRock Inc. is the world’s top asset management firm, with around $9.5 trillion in total assets under management. The company is incredibly broad, serving institutional and retail clients and serving as a leading provider of both active and passive investing vehicles. The company reported Q4 2021 results on January 14th, slightly beating expectations for EPS...
Hello Friends! IF it breaks out of this downtrend, look for a breakout towards $300. If $300 holds, I like for it to get back into the uptrend channel. As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers! *This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other...
Very basic TA here. After breaking the bullish breakout of the triangle pattern to the upper side, we are entering the next bullish move after taking out the resistance at 25.40 USD. Perhaps with a short-term correction and a re-test of the 200's SMA (red).
Price is near the major resistance zone, that is a purple zone on the chart and if this resistance remains valid then we are looking for fall here and correction for the market after a while. Targets and supports are mentioned on the chart. Notice: the market is still bullish and if any breakout to the upside happens then more pump is expected too. <>
Multiverse respecting the curve of the cup, found support on the 200 MA. Buy the breakout of daily resistance. This could be a nice mid term hold.
AMD is coming out of the Wave 2 macro and into the strongest Wave.... Wave 3. I want to see 150s by May.