Part 2 of 2 Second Chart with same EMA's...2020 Halving is red dotted vertical line ...so... Measured 12-16 weeks Post-Halving Like on the 2016 Halving Chart previously Published BTC Currently Closing Week 9 Post-Halving 2020 Will BTC re-test the Weekly 21 & 55 EMA's? Definately with in range and has shown to be common during the 2016 Bull Run. PLease share,...
This chart shows the 2016 BTC Halving(red dot vertical line) and how BTC re-tested the 55 and 21 EMA's 12-16 weeks after the Halving. BTC is currently closing out Week 9 Post-Halving 2020. Will BTC re-trace to the 55 and or the 21 Weekly EMA's this time...I think the current day, 21 EMA could be tapped no problem...Look for next post for Part 2 Showing 2020...
- " No chance to buy back in " not a good mindset when trading. - My goal is to find the next Bitcoin bottom. Disclosure, I currently have no position in BTC. - In the long run, the halving will kick in 2021. Look at halving charts. - First wave of alt season happened. This short term down trend will bring a lot of weekly pump and dumps. - This is the time...
Macro timeframes at lows in oscillators + halving + already 2 months consolidation in the 9ks => it's gonna pop up eventually, just a waiting game. SMASH that like button if you appreciate this chart, or perhaps drop a comment below. 👍 👍 👍 👍 👍 👍 👍 👍 👍 👍 👍 👍
Potential Wycoff Distribution. Would coincide with decreasing volume to confirm June-July as distribution and not re-accumulation.
Pretty self-explanatory. The neckline seems to be angled instead of flat. Extending the trend to the right shoulder, and seeing that there is high liquidity @ 8600, a correction to the neckline would not surprise me. From then on the next notable resistance (and liquidity) is ~12500. I have seen arguments for that ranging just under 10500 as either...
Not in favor of this bearish sentiment, but it is worth pointing out as a possibility.
From the origin of Bitcoin to the peak of each bull run, a trend line was drawn. Using the "trend angle" tool I found the angle corresponding to each bull market. Bull Run 1 (2010-2011): 74 degrees Bull Run 2 (2012-2013): 56 degrees Bull Run 3 (2015-2017): 41 degrees Bull Run (2020-2022?): 30 degrees? By comparing the angle of the previous bull run to the...
NOTE: The trend lines align perfectly from the bottom to the top of each market cycle before publishing. Once I publish, the angle trend lines become skewed. Draw your own trend line angle to see for yourself what I am discussing... As we all know, the Golden Ratio shows up everywhere in Nature. Here is another example of the mysterious figure showing its face,...
In the last few days we have broken below the red dynamic S/R. Currently on the 1H & 4H timeframe, a bullish impulse looks ready to occur. However, because that trend line has been rock solid over the last 3 months, I would not be surprised if we impulsed to 9550 and then test the trend line as resistance and dump to low 9000's or even 8700. Will keep an eye on...
Over the last 2 weeks Bitcoin has shown its face in an interesting way. The bullish rocket that tapped 10500 and immediately corrected to 9100 broke out of a solidified channel that began in early May. This "false breakout" is a bearish sign, as the bulls failed to hold the price up. Since then Bitcoin has ranged a few hundred dollars at a time, before breaking to...
1. Descending channel pushed to 9170 support 2. VPVR indicator (volume that shows S/R) identifies 9170 as liquidity 3. On 1H, 4H, & 12H time frames wicks and candles have test 9170 as support 4. MAIN POINT: Bullish Harami candlestick pattern. Large bearish candle to support, followed by a smaller bullish candle. Long Position: ENTRY --> 9310 TARGET 1 -->...
In nutshells, BTC is short-term bearish and mid-term and long-term bullish The longer the BTC price stay away from 3.4k, the less likely the 3.4k will be revisited again. Three failed attempts at 10k have signaled the short-term bearish sentiment. Low volatility and volume in the past month could be the precursor to the big price movement. Fundamental...
Good day. Consider a pair of STEEM \ BTC, which on many large exchanges can give a good profit Everything is connected here with the volume, but more on that later .... On the chart I have designated -yellow flag: the large volume and shadow of the candle shows us the potential for the continuation of the bull trend - goal levels - a triangle with a...
- The cycle is one of the tenets of the markets - LOOM repeated pump several times after breaking down wedges - The potential was high and it was assumed that we take the whole cycle with one candle - But now a triangle has formed, when we break through, we will continue to grow towards the goal All profit and mind!
The chart is self explanatory, I did my best to get all the previous support and resistance lines. If you can check the info line ( It is colored red with info box next to it ) it shows how many days BITCOIN was BEARISH and how many Bars it fall back with. Previous fall back { 13 Days, 13 Bars | 14 Day, 14 Bars } Current is { 13 Days, 13 Bars } My personal...
The cyclical process was not ignored by Russian scientists. For example, N.D. Kondratyev at about the same time period revealed a pattern of fluctuations in production and prices every 50-60 years. This cyclicity is called Kondratiev waves or K-waves. Cyclicity in a more or less stable form is present in commodity markets, as can be seen in Fig. 26, where you...
Although the Elliot wave system is very controversial and not accepted by many, the idea of a "cyclical market" cannot be denied. So here you have downward annual trends with a very interesting dependence When a trend breaks, there is a steady increase in good interest A breakthrough should happen the other day Good luck and accuracy in the bidding!