Quick post for tonight. This is hard to say but I believe Bitcoin is about to drop. History is showing a clear repetition of itself within this chart. Here are the technicals:
1. Negative RSI and MACD: Negative RSI and MACD equate to a weakness in trend. When price is going up and MACD/RSI aren't correlating, it signals exhaustion.
🚨🌩 SPX 1Hr: Major Bearish Ichimoku Cloud - Avg Drop 10% from ATH / Historical Analysis ⛈🚨
In this analysis, I look at the current SPX 1Hr Ichimoku Cloud vs. recent historical performance.
A Major Bearish Ichimoku Cloud is forming on SPX Hourly.
In the last 2 years, only 3 clouds like this have formed like this, each resulting in a significant...
The following analysis looks at the 2 major historical crashes:
1929 Wall Street Crash
2000/08 Dotcom Bubble & Subpime Crash
I then compare them with where we are today in 2021, and where the market is going for the next decade 2022 - 2032.
I take a simple, reductionist approach to look at basic technical analysis / indicator (MACD) factors identifying...
Resume Bullrun 🐂 Historic Support 🟢 TP1 ✅ Go for TP2 🤔
"History never repeats and always rhymes."
- A TradingView trader whose name I forgot
It's an extension of my previous idea.
I hold my opinion on everything there and add a new viewpoint with this idea.
◀️ KEY POINTS:
- Opportunity To Break All Bearish Channels At Once & Resume Bullrun (= Open New...
I think taking a look at the past is one of the best ways to predict the future. History repeats itself over and over again.
Wyckoff always emphazised Volume as the best Indicator. He also challenged us to ask ourselves "what is the composite man doing right now?"
I think he was spreading FUD like crazy, while accumulating
Remeber what the Spring aka...
Every single major bull market cycle thus far
Bitcoin has had a momentary cool-off period
prior to surging for a second leg higher
and ultimately forming the cycle top.
Will we see history repeat itself here?
I for one, am inclined to think we will
despite all the FUD and nay-sayers.
Time will tell...
If we take a look back at the 2017-2018 Crypto run up and sell off the similarities in price action are eerie. I went through studying all the moves trying to find a proper price target based on measured moves with little success. However, today I had a realization, once BITSTAMP:BTCUSD was unable to rally, and a large liquidation through $30000, I realized that...
Short sentiment over the next 6 days.
support on upper peaks show trend.
Support line for historicals show peak is being reached.
Resistance levels show downward trend.
Unlikely to break purple top line as long term historical resistance (3+ years)
When comparing a simple chart of previous bull-runs it seems like BTC could drop to 21.5k-26.5k range before continuing its bull-run to at least 69.000$.
Shorting now: Risky: The trend is your friend -> wait for 30k support to give in. Start taking profits at 26.5k.
Going LONG (on margin) at the 26k-21k range: BTC won't fall below 21k. Go Long when the bearish...
From what history from 2017 tells us is that those consolidation periods, that we are currently experiencing, can take longer (up to 2 months before price reaches the top again). Correction can take up to 2 weeks before it reverses upwards. Again, i am only backing this up with historical price action...
Using historical bitcoin price data, the graph has been extended to cover since 17/08/2010, so we can do a wider historical analysis of the price.
At first sight, there has been three great btc price rises, which I'll call stages: One from 0.10 USD to 10 USD, then from 10 USD to 1000 USD, and third from 1000 to a possible 100.000 USD in the near...
This article will cover technicals (finally). It is part 8 in the series, and the first of two parts on technicals. It is strongly recommended that you read the others in order for full value. This one is long and more complicated than the others, because you deserve it.
Part 1: Raytheon's Military-grade Market Trader
There are two problems with selecting...
Back in January/February QQQ was holding a similar regression channel going back to October 11th, 2019. The regression channel was 2.5 standard deviation instead of 3 standard deviation that we had for our covid rally so it wasn't quite as volatile. For distribution days, usually you would use the Index to count them, but since QQQ is so correlated with NAS100...
Here's what we know for BTC: There are some similarities between the charts in February, right before COVID, and the charts now. Last time we dropped this far below the 200MA on the 4hr chart was February 26th. On the highest volume during the drop we were about 275% above the volume average.. When we dropped below the 200 MA on September 3rd, volume was about...