While crypto is an emerging technology sector as a whole, it is important to remember that BTC is a maturing 13-year-old asset.
Using a logarithmic chart of Bitcoin going back to the beginning, it is not hard to see the perfect curvature of price action as it searches for its fair market value.
Simple line tool measurements of the time vs. price increase of each...
The chart is telling us that we do not need to push above 36k to get to 40k+ which I think we have hit the highs for this year now and that we will pullback and test the bottom trendline before Xmas and into Jan, if you are day trading this you need to be trading from the line at the bottom to the top if long and opposite for short, top to bottom, which is another...
Another interesting observation here..
Trend Based Fib-Time..
The significance of the 0.618 and the 2 levels cannot be discounted.
This a big-picture, Quarter-by-Quarter outlook so not accurate to the month, day or week, but to the 3-month quarter in which it falls in.
The 0.618 has 3 times (if we assume that the bottom was put in last quarter) marked the...
BTC macro cycle view by technical analysis perspective :
1) Channel lines is Market geometry based on Newton's Third Law action-reaction
2) Fibonacci cycle for peak and bottom of the economics cycle.
Still expecting a correction downward grey or pink line support before bull run.
The peak of btc would be somewhere in 2026, between 152k ~ 435k
Capitulation is defined as surrendering or ceasing to resist. In the market, it means when investors give up any previous gains in any security or market by selling their positions during periods of decline. Historically speaking, it is also the very best moment to enter the market.
For as long as we have been able to use the 200 weekly weighted and simple moving...
First, a few thoughts / reflection as we reach this critical junction...
Let's take a step back. It's easy to get caught up in the chop/noise/hype/news. I just saw a headline that read "The Bitcoin Dream is Dead" and couldn't help but laugh... albeit a bit nervously. At risk of sounding like a Vietnam vet or something, I WAS THERE in 2017, desperately watching...
Hi All,
Due for another BTC macro update since I haven't updated it for a while.
If you look at the trend lines, support\resistance, from a wave cycle point of view, this makes sense.
Not to forget we are close to over bought conditions on the Weekly RSI which also aligns very well with the SP500 and Gold markets too, which also seem to be over due for a...
