GBTC confirming BTC chart bullish reversal coming soon. RSI is low, almost at 30 where it always pops shortly thereafter. Fisher Transform ready to flip, same as BTC chart. Filter Dots show bearish trend is exhausted and ready to flip bullish, same as BTC chart. Gaps Only down gap to fill (red box) is cut off by log support line which has over 20 points of...
BTC is ready to make the turn folks. Get in where you fit in, or get left out. Gaussian Channel is holding for almost a month. Price has followed trend into the "Buy Zone" - $7900-$8600ish Short-term support is holding with multiple points of contact. I do NOT think we will go down to the log support line. In the past this happened 3 years post halving, which...
Price stopped right at the bottom of the Gaussian Channel. Hmmm....funny how that happens. This is the Loading Zone people. Buy this dip! We might hang around here for a few days but anything $8100 or less and you will thank me later. I have a feeling that SP500 and most equities are going to have a pullback right around same time BTC runs up.....Merry Christmas...
Based on my technical analysis we are in a loading zone until December 1st or price crosses Gaussian Channel midline. I consider anywhere from $7900 to $8600 an excellent long entry point. If RSI goes to anywhere around 30 on the Daily, this is a excellent buy point given our current price. The farther price gets away from Gaussian Channel midline, the stronger it...
From the "Same Chart Different Day" Series I've been posting. RSI stability from past charts holding from 11/8 until present (11/13 today). Despite lack of volume and sideways price movement, we see stability in price and RSI. To me, this indicates a turn or bigger move coming. BTC only trades sideways for long. Either whales are propping this up for a dump...
This is literally the same chart I posted last week. Price is following the Gaussian Channel midline. Gaussian Channel has held for 2 weeks, so I consider the TREND INTACT. Fractal is not exact. Orange arrow line is 200SMA predication line. Watch for price to cross above this line. Yesterday, the spike in price was stopped by the 4HR - 50SMA before crossing the...
Buying Bitcoin for one possible profit targets after the break of trend line and retest !
We just turned red on Gaussian Channel on 4 Hour. We might get bearish over next few days. Excellent entry in BUY ZONE green box. We may get slightly outside Gaussian Channel. If we do, watch RSI for getting to 30 for strong rebound to enter for long position. 200SMA is going to get lower right around the same time we look to be scheduled to turn the Gaussian...
If we take today's price $8800 and use 49X = $431,200 If we assume BTC halving’s produce less returns by half, we still get roughly 24X from today until December 2021 peak (2 YEARS PEOPLE) - $8800 x 24 = $211,200 which has high correlation to the chart shown and stock to flow (which is 99.6% correlated to BTC price). WE ARE SOOOOO EARLY PEOPLE. I’ll say it...
Two possible Fib Retracements here. Chart shows most recent high Fib Retracement. Using 2nd previous high, we are resting on 0.382 retracement. I do NOT see us going outside the Gaussian Channel. I will be adding anywhere in the bottom of the channel. PlanB Responds to Flaws in Stock to Flow Model - www.youtube.com Basically has another quant try to prove...
Looks like Fib Levels match up to completion of Cup and Handle. Need to see a breakout above neckline of pattern for confirmation. Gaussian Channel very close to turning Bullish on Daily. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal...
All lower time frames are BULLISH. Medium time frames are all BULLISH. Only Daily needs Gaussian Channel to turn green for confirmation of continued uptrend. Close above $9586 looks to be outside Daily channel, causing Gaussian Channel to turn green (BULLISH). If we get a full candle open and close above $9586 in next few days, we are setup for daily and weekly...
Everything lining up to be Bullish on 1HR and 4HR charts. Bullish EMA Cross, bullish Wycoff Trend, and Bullish RSI divergence on 1HR. This should carry to the 4HR chart, and thus to the Daily. Weekly and monthly trend is BULLISH. If we close around today's highs, we may get a bullish hammer which should continue the uptrend. Thank you for liking, commenting,...
Looks like we are setup for 200SMA and 128SMA cross on or before 11/24. When price crosses the 200/128 point, all moving averages line up for STRONG BULLISH MOVEMENT :) We may have a down day or two before the strong turn. Final shakeout attempt. Do not be discouraged by one or two daily down days this month. November and December and looking excellent for...
Buy long 9300-9335 Sell target 9400