This is Bitcoin (BTCUSD) on the right along with Apple (AAPL) on the left chart on a very interesting comparison on the 1W time-frame. I will keep it short as the picture is quite self-explanatory. As you see, Bitcoin's 2021/22 Bear Cycle has been very similar so far to Apple's 2008/09 Bear Cycle during the Housing Crisis. Following a rough Double Top (1 & 3)...
The KuCoin token (KCSUSDT) has been trading within a Channel Up pattern since the July 03 Low. This analysis is on the 4H time-frame where the price has turned the 4H MA200 (orange trend-line) into a Support, trading around the 4H MA50 (blue trend-line). It may have broken also above the 1D MA50 (yellow trend-line) but we can't claim this as bullish yet as the...
Bitcoin (BTCUSD) has been trading within a very structured Channel Up following the June 19 Low. Both charts are on the 12H time-frame, which illustrates remarkable similarities between the current pattern of 2022 and that of late 2019/ early 2020 following the COVID bottom. As you see at the moment, the price has turned the 12H MA50 (blue trend-line) into a...
This is a simple long-term analysis on the 1M (monthly) time-frame, comparing Bitcoin (BTCUSD) to Nasdaq (NDX), with a focus on their market bottoms. On the left chart I have Bitcoin's price action with Nasdaq on top of it (green candles) and on the right, Nasdaq alone. Both have their respective RSI sequences below them. As you see, BTC has been (naturally)...
An increasing number of long-term indicators have been showing lately that Bitcoin (BTCUSD) is past its bottom for this Bear Cycle. On this analysis I am shifting to an even longer-term time-frame, the 4W, using an overlooked but often very powerful indicator: the Williams Alligator. During the past two Cycles, the bottom was formed when the green trend-line...
Deeper Network DPR Crypto breaking bullish from a falling wedge with a bullish breakout that is now forming a triangle, will see if it hits the price point at .029cents. I am assuming it will do the drop afterwards when BTC Bitcoin does its next major drop. Bearish News: Eric CMO is apparently only doing his job for Deeper now on a part time basis because of his...
Ravencoin (RVNUSD) has seen a very strong and rapid growth in the past 3 days after rebounding on the 1D MA50 (blue trend-line) and is now very close to the 1D MA200 (orange trend-line). The last rise of such magnitude has been from July 30 to August 11 2021. RVN is doing so after a clear MACD Bullish Cross on the 1W time-frame with the bottom formation of June...
The KuCoin token (KCSUSDT), one of the most promising coins in the market, tested yesterday and broke today above the 1D MA50 (blue trend-line). This is basically an extension of the analysis we made two weeks ago, stating the importance of the 4H MA50 (yellow trend-line) for a short-term rise: We got the break-out and the mini rally and now the price is...
This is an alternative representation of Bitcoin (BTCUSD) and its Cyclical behavior based on the long-term price action of the U.S. Dollar Index (DXY). A simple yet eye-opening approach that links BTC to the USD more than any other asset. ** Traditional Cycle Theory vs BTC/DXY Divergence/ Convergence Theory ** Traditional theory suggests that Bitcoin's current...
" Have we bottomed yet ?" That's the MILLION DOLLAR question right now. Well, I'm pleased to report that according to the BTC Top & Bottom Indicator , the answer is YES. As you can see on the chart, the indicator is now signaling that a new bottom has been reached, so it might be time to buckle up.
This is a very interesting pattern that perhaps was ignored but paints Bitcoin's (BTCUSD) whole picture during this Bear Cycle. ** Mini Channels within Main Channel Down ** As you see the dominant structure has been a Channel Down but with the use of the Fibonacci Channel levels we can see that it can be divided into two secondary (mini) ones that seem to have...
Solana (SOLUSD) has been trading within a Channel Up pattern since the June 13 Low. As long as its Higher Lows (bottom) trend-line holds, it is a buy opportunity targeting its Higher Highs (top) trend-line. Technically it resembles, in 1D RSI terms also, the last rebound towards the ATH Lower Highs trend-line, which stopped just below the 1D MA200 (orange...
Marlin (PONDUSD) is having a +40% 1D candle so far, breaking above its 0.5 Fibonacci retracement level. The long-term pattern since has been a Channel Down since the early 2021 market top so there is still no indication of a long-term trend shift to bullish but at least on the short-term, there is further potential for a bullish extension above the 1D MA200...
This is Bitcoin (BTCUSD) on the 1M (monthly) time-frame. I am using various indicators to plot the current position relative to past Cycles and the more you add, the closer it looks that the market has bottomed. ** The importance of the LMACD ** As we have 1 week before the end of July, the monthly candle closing can reveal a lot, particularly in terms of the...
This week's big development for Bitcoin (BTCUSD) has been the break above the 1D MA50 (blue trend-line) for the first time since April 21. On this analysis I compare the patterns of the current Bear Cycle and the past two in an attempt to find if this break can be a structured move into a sustainable recovery. First of all, the time-frame on the candles is 1D...
Ethereum Classic (ETCUSD) has been trading within a long-term Channel Down since late May 2021. This full year of rejections has seen the price make a Lower Low on the -0.236 Fibonacci extension level every time. The Lower High usually comes around the 0.618 Fib, marginally below which the price is now. In fact, it is struggling to break above the 1D MA200...
Dogecoin (DOGEUSD) made a convincing break above the 1D MA50 (blue trend-line) yesterday and closed above it for the first time since April 28. The long-term pattern has been a Channel Down since the May 2021 High but recently we are seeing the emergence and completion of an Inverse Head and Shoulders (IH&S) pattern. It is on a slope with the 0.5 Fibonacci level...
Ethereum (ETHUSD) is currently on a minor three day pull-back following the emphatic break above the 1D MA50 (blue trend-line). The stop/ rejection of that break came exactly on the 0.5 Fibonacci retracement level, which is the middle of the long-term Channel Down pattern that ETH has been trading in since the November 10 2021 All Time High (ATH). Don't forget,...