today is looking pretty ripe for potentially high volatility. While a downside makes more intuitive sense, there's little reasoning to back up the play other than a good risk to reward ratio and a sustained long term structure.
Today, I go over the relevant trend defining pivots and the new targets that would appear if they were broken. There's high potential energy and an upward weighting for trend direction, all and all it's a fantastic chart!
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...
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"
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...
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.
I've defined the pivots for mean reversion on the daily. That will be our only short signal in the future, right now there's no resistance and clear sailing for this somewhat irrational parabola! If only there was a good entry into this trend.
A deceptively clear chart that implies bullishness, I'm hesitant to go hard on anything with the chart looking as it does here. The Binance news still needs to cool down and I'd like to see how alts respond to this.
I predict this to be a quiet evening.
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.