There is currently a bearish divergence the size of Africa on the SPX500 right now.
Looking at past 2 higher TF bear divs that played out and taking in the following data: 1) how long the bear div is 2) how much it dumped afterwards
With some quick maffs we can figure out where price will go!
1) 84D range peak to peak, -5.54% peak to bottom
2) 245D range peak...
This is the count. If we take out recent low, this count is definitely in play. Btc will lead the way and make it drop like hell. After this drop, get ready for new all time high. Patience is key. Do not get fooled.
- This is a very strange time for the crypto market.
- Bitcoin is pumping but alts are losing
- Usually BTC moves off lead indicators such as ETH in 2020 or LTC in the past. Even LINK.
- You can argue that the ETH pump was caused by the DEFI bubble.
- ETH has failed to catch up to BTC. BTC was able to catch up to near 12.5k.
If we break below the black multi-year support line, and if we test it's underbelly successfully by bouncing off the white 0.25 level of the Schiff pitchfork, which we seem to have done already, we need to fall below the white 0.25 level and turn it into resistance.
If this happens and if we stay decisively below it, for several weeks, after multiple...
This kind of price movement is unsustainable. Chainlink is extremely over bought and over extended. Not to mention ETH creator Vitorik just downgraded LINK from ERC-20 to ERC-17
Don't buy into the hype! Major correction in Chainlink incoming.
BTCUSD in a falling wedge channel pattern. Will it make one more attempt to burst up to $10K? or fall out of the channel and keep falling... a lot depends on stock markets also. Were on the verge of bad Q2 results, Virus issues arising again... what will happen next? we wait and see what happens, Limbo continues...
Well we are STILL in a down trend on the weekly time frame BUT we are at a very significant level right now. If bitcoin can get above the previous swing high at 10,500 that will put us into uptrend territory. After passing 11,500 on a closing weekly basis it will be highly likely that we revisit all time highs and that is where things will get exciting. As for...
The left chart has our current set of circumstances on the 12H settings and the right has the previous bear flag on the 4H settings. As this move matures we will have to look at higher and higher time frames to determine which one is controlling.
The rising red arrow shows on both MACD histograms shows classic bearish divergence between the indicator and price...
Printing money, bailouts, crooked politicians (all of them), corporate greed, have caused The American Empire to fall. We have been in a bubble, you just needed to be looking at it from a different perspective.
I compare the daily chart of Bitcoin to the monthly chart of the Dow Jones Industrial Average and the similarities are striking.
The Dow is in you...
During the dump -
- broke the uptrend line from last year.
- made a lower low on the weekly.
- will likely break the monthly 21 EMA once the monthly closes.
- Close below weekly 200 SMA.
- Broke the .618 fib levels.
If you are long term believer of btc, now is the time to dollar cost average to long term holdings.
Don't try and catch the bottom, cuz you...
As we can see, Bitcoin has successfully broken a very strong resistance meanwhile majority of alts are still under the resistance as well as that, the bitcoin dominance chart appears to be reaching support, all of this data would suggest that bitcoin is about to have a decent bull run and the alts are all going to drop soon, I have picked out 2 alts (ADA and ETH)...
As we all, are laughing, trying to make sense of all madness this world has stumbled into, others have been secretly preparing to escape our inevitable fate.
While most people are easy to manipulate thru television broadcastings others are easily kept ignorant thru social entertainment.
Some individuals, are clearly able to see the obvious signs, overlooked by...
Please see chart for similarities in RSI structure and how we dipped right under the point of control before take off. Also see how we rode the 55 ema the entire time. It's beautiful. I believe we will moon today. If we lose 9k I think we may slow bleed until 8.2k and hopefully that holds. If it doesn't I will become a macro bear :(