BLUF: Bitcoin likely breaking out above a descending parallel channel. Assumption: Bitcoin has followed a more-traditional Wyckoff Distribution pattern while descending in parellel channel since its recent peak on 26 June. Hypothesis: Bitcoin actually has been in Wyckoff Accumulation while descending in parallel channel since peak on 26 June. Depicted: Two...
Hello fellow traders, just thought i would share something i noticed in this indicator. The white line is basically momentum of the moves. Looks like we haven't had a green cross with momentum increasing off of the support level in this indicator since we were in a bull market. Thoughts? Potential trend reversal?
There's a lot of resistance, but there are macro level signals implying upward trend! keep an eye out.
Take a look and keep in mind, that derivatives market is 18x larger than spot
Bitcoin has been on a massive bull run since inception.. With multiple bump and runs, multiple golden crosses, both with preceding deathcrosses. Will this pattern continue? If so I have put where we are in a green box and a green fractal indicating a possible bullish move along the parabolic trendline.
Examine closely the RED LINE and how the price has been following it. The fractal (red color) was taken from the years 2014-2015. It has been a PERFECT lead so far in terms of price change, supports, resistances, time and overall precision. According to this fractal, there is one last leg down before forming a triple bottom at $5840. Please, remember that this is...
The Hash Ribbons indicator confirmed it's 10th buy signal in 9 years yesterday on the Daily chart at $7,245. Historically, this indicator has given the best opportunities for long-term investment during accumulation phases. The 3 Day chart is also signalling a buy, confirmation would arrive tomorrow with the close of the current candle. The Weekly chart however,...
Blue Path and Orange Path were based on "sequence of fibonnaci numbers between ATH to ATH and ATL to ATL. Purple Path is based on "41 days sequence between ATH to ATH and ATL to ATL." which resulted same with Yellow Path(41bear days, 41bull days) which will be shared later. Let's start. tried to find nearest number to actual days with multiplies of 41...
Next ATL : 22.02.2020 Next ATH: 06.02.2021 Second ATL: 01.03.2025 This is Not A Financial Advice, It is A Study Case For Myself. I will try to share the development, as simple as I can ; DAY ONE (on chart) to ATH-1 , we have 325 days (included). So I tried to find a sequence with fibonacci. What I found was ATH-1 to ATH-2 is following 2,618 fibonacci days...
Today we set a nice target for a swing low position! Happy holidays everyone.
This is why I think Bitcoin is breaking out from the bottom now. This pattern is the same yet slightly different enough each time to throw traders off. Insiders have to mess with indicators, but they can't hide everything they are doing. If you know where to look patterns emerge. One indicator or pattern doesn't tell the whole story. But many indicators and...
BTC/USD (Bitcoin) Good Morning Guys..Let's Take a Look on BTC in Different Timeframe Charts..!! Weekly Chart..!! Weekly Chart Looks More Interesting than Other Time frames. Weekly Candle Closed Above EMA100, That's Good Sign For BTCUSD & Now It Could Test the EMA50 (7.9k) or Key Resistance Region (8000-8200) in Coming Days. Keep in mind, We're Still inside...