Well, looks like my viral chart was stolen and reposted without getting credited. If anyone has marketing experience shoot me a message. It's nice to know that my ideas can get big on their own merit, I'd like to see what happens when I have a significant following to boot.
Bitcoin on the two day and gold on the monthly are following essentially identical market cycles with the same pattern of expansion compression. The similarities are uncanny and the widespread bias is currently bearish, the sentiment of "this is a sucker's rally" can be found on a vast majority top posts throughout the tradingview ideas section. Hopefully this...
Quite the revelation today, these charts follow the meme market cycle just about perfectly. May I present to you, "This is a sucker's rally" 7bitcoins.com What a great day to buy bitcoin. There's an active mean reversion condition though I'm certainly inclined to bet against it with how strong macro level trend is. Green circles for the super obvious "we...
Hey, easy to follow stream today, I've defined the pivot for a long position and the mean reversion that will occur if it fails.
A cozy chart, I'm taking a small short on the 4h short roll down, especially with the small downward expansion on the micro timeframes.
FX:AUDJPY , OANDA:AUDJPY , FOREXCOM:AUDJPY , SAXO:AUDJPY AUDJPY is potentially setting up for a corrective move higher over the short to medium term. Weekly: The price has fallen to a significant 61.8% Fibonacci support level. This has held on several occasions dating back to 2009, below here there have been a few reaction lows towards 71.94. There are some...
I've defined the relevant mean reversion pivots on multiple timeframes. They should prove to be rather well respected, I'm looking forward to however this plays out. I've provided a tradable gameplan no matter where bitcoin decides to trend.
The positions available on the micro timeframes today line up with the macro perspective really well. It's a clear chart and I'm happy trading this volatility throughout the week!
The bullrun is just around the corner, and by around the corner I mean a year of tight, lateral moves to allow the market to restore to a state of bullish potential energy!
A lot of compression is visible today and this week. I'm convinced we'll see the bullrun in just a few months!
We've entered our longer term mean reversion pivot. There's a lot of compression going on and we'll be entering alt season here shortly.
I've defined the high probability mean reversion pivot for you, if price crosses inside there's a fantastic chance we'll see significant downside of around 18%. This will be the reaccumulation period before Bitcoin's next bull run.
Some soft signals that this is potentially the top today. Super high risk so position sizes should obviously be small.
if price enters either band, price goes to the center of that band. Otherwise trend is technically sustained. Bet on it.
A fantastic chart with a lot of parallels to the previous bull run. From the looks of it, we should hit the swing high followed by a lengthy compressionary period as Bitcoin restores to a state of potential energy once again.
The range still tightens and the mean reversion pivots are still respected. The best scenario is either trend continuation or mean reversion, and thankfully the pivots for both are well defined.
We're in a short term compressionary period and the long term mean reversion pivots are still miles away. Sit tight, trade some short term lateral chop and wait to see if there's downward net expansion.
Bearish conditions are still active believe it or not, and we're right below the massive bearish orderblock from earlier this year. Low volume, tether fud, it's just a matter of time.