TL:DR:
The ADX, SAR, and NVT have both crossed key thresholds with a trendline break. We are now in the early stages of a bull market that will probably last more than a year and a half.
Indicators
Dynamic Network Value to Transactions Ratio by aamonkey
Bitcoin is the name of a payment network as well as the currency used on that network and the smallest...
Introduction
Bitcoin has shown a lot of strength since I called the end of the bear market mid January. That was somewhat of an audacious call but so far it has played out in my favor. Nothing goes straight up and it seems that the time for bitcoin to have its first major pull back is upon us.
This is also my first post after being designated a “wizard” so I...
An idea for NVT showing an inverted H&S on an angle
This is within a large broadening wedge or megaphone shown with the triangle.
I expect this to break down and allow the right shoulder to form.
TL:DR: The Bear market inflection is NEAR, it has not occurred. More time to accumulate (or get wrecked using margin). QRD: Bottoming structure not yet clear, OBV 10 has not bullishly crossed the 20 below 100 yet. Price still below blue resistance line. NVT shows bear market inflection, as does the Hash Ribbon. Inflection score is 2/6.
Introduction
There...
The idea is pretty straight forward. Some ideas are targeted at traders and others are targeted towards investors. This idea is targeted more towards investors than traders but it can be used by both.
Bitcoin is a decentralized payment network while also being the name of the native currency of that network and the satoshi is the smallest unit of currency....
Fundamentals
Despite some confusion bitcoin is both a decentralized payment system and the name of the currency of the network. In contrast, SWIFT is a centralized payment system that has the dollar as its currency.
Bitcoin's greatest value is when the currency is undervalued to the value of transactions it is running. That is when the system is the cheapest...
TLDR : Current price action around the $60.6k (1.618fib) target has put the $375k (2.618fib) target into play. Also the NVT is poised bullishly. Confirmation has not occurred for either so margin trading is for degenerates (like me) only. View the linked ideas for more information on the log harmonic XABCD butterfly, which is a very technical formation.
...
Bitcoin breaks out of descending trendline on the price chart and also on the RSI.
Last time it did that on the RSI, look what happened.
The NVT ratio is also exceptionnaly favorable to a buy.
TLDR: We have at least another 40-50% downside if the pattern holds
Introduction
Bitcoin and crypto has some fierce bear markets that can really affect people's psychology. To that end I think it would be helpful to show people a general pattern I have noticed and have been using to help me do my personal battle planning.
Two Simple Indicators
The NVT...
Bitcoin just had a bearish weekly NVT (network value transfer) indicator flash - these have meant very sudden near 50% drops the last four times. Will this time be similar?
Introduction
Bitcoin is in a very confusing time right now. There are lots of bullish sentiment happening with bitcoin but technically it is looking like the bullishness is beginning to fade and the price action is beginning to look bearish. Whether this is the first sell off or bear trap and price resumes higher in a macro trend remains to be seen. This idea...
Every time we have crossed the double red line, its signaled the market top. Once we crossed the green line, we have on average went down 55-65%. If true, we could be seeing a 10k bottom. I know its very bearish but its what I believe may happen.
This is an update on the indicators and concepts I have been watching for a couple of months now. I was hoping for the signal on the NVT to be apparent on the 1 day chart for an even better entry but so far that signal isn't as clear as the 2 day chart. In short, the NVT went into the green which is a position that for the last couple of years loathes to be in. ...
I have been looking for the bull trap bounce for a while now and I have been looking to use aamonkey's version of the NVT as a way of helping steady my hands and clarify my thinking.
The blue measured move show historical losses of highs to the top of the orange box and that orange box has been a serious area of consolidation in the past before the final low is...
Introduction
Bitcoin continues to take a beating and I am producing different styles of charts to reach different styles of investors and traders, hoping to show them something in a system they recognize. I have done divergence on indicators, I have use bollinger bands, I have done volume analysis, everything I can to help. This is to help out the moving...
There is a lot in the chart but we can go bullet by bullet. I am using the three day intra-week setting but will look at other time frames as we dig in.
VSTOP - A way of setting stops using the Average True Range, a measure of volatility to help chart trends. I have decided to only show the VSTOP acting as resistance to simply the chart.
VVSTOP MTF - A...
TL:DR
It appears we reached a local low
Everything Else
Greetings! I have been watching the Log Growth Curve for a while now and identified the 61.8 level as one of the more important levels when it cones to deterring the probable future of bitcoin. In previous markets cycles breaking the level has been indicated that bitcoin would be having a blow off top,...
