1. Broadening rising wedge <>
2. Bearish divergence on RIS <>
3. Overheated NVT indicator <>
4. Huge resistance at 10-11k price levels <>
Next station after 10k is $6400.
Thanks me later, bears.
I've noticed as of lately everyone is getting super bullish and calling for new highs so i thought i might present you with a bearish scenario. Though i am long term bullish on bitcoin i think we might now be overdue for another pullback!
On the daily time frame we have just experienced a bit of a pullback in the face of a market structure top and Divergences on...
Hello fellow traders today i have a chart analysis that some of you have already thought of or seen. We have yet to see our bottom and while this bull rally has been pleasant for all who have been longing it, the bulls may be running out of steam. What's driving our rally is beyond me, possibly the trade war between the U.S. and China or manipulation due to the...
Dear cryptoland,
Update on Bitcoin!
Weekly RSI has a bit further upside to the green line; historically this has been the upside resistance in the long-term bull market, as you can see.
Weekly NVT signal has no longer any upside if we were to look at history. It looks like it has topped out and is ready to dump anytime soon.
I expect the #Bitcoin retrace...
Hello guys,
at what stage of the cycle are we?
let's look at the NVT indicator.
I calculated the price and time peak price using a mathematical calculation based on previous peaks.
What you think about it?
Sry for bad English :D
Thank you.
Bitcoin is in bullrun, or in bull trap? Everything would look great (except for short-term unsustainable parabolic growth), but ... these two great indicators show great trouble .
The first indicator is the Fear And Greed index . Do you know the Fear And Greed index? If not, google ...
This indicator shows greatly what emotions are in the market.
The second...
Based on these indicators, this is the most extreme bubble in history.
Both of these indicators are at record levels in bitcoin history.
The fall could be epic.
Update on my previous ETHBTC and ALTCOIN PROJECTION.
ETH/BTC target hit.
Confluence of multiple 1:1 extensions and -.236 extension.
BTC/USD is on a sell Tom Demark 9 on the hourly, 4 hour, and 12 hour. The daily chart is printing a combo 13 sell signal as well.
Also, NVT signal ratio for BTC is reaching near all time highs set back in December 2017.
ALSO! Fear...
Is the NVT signal saying we are over bought, I think it is. If the Daily/Weekly P.SAR reverses will we see the price turn south and create a profitable shorting opportunity?
Currently Bitcoin's monthly NVT (PE ratio) is heavily over extended. This indicator is historically accurate for indicating market tops.
Daily:
Weekly:
Good day Traders
Bitcoin price action has been showing exhaustion for the past few days now so not too surprised that we finally corrected. Perfect timing for the tether FUD to act as a catalyst again, although this time things are a bit different it seems.
If you recall in October 2018, when Bitfinex lost yet another banking relationship, everyone piled...
The Wookalich Ratio is an indicator derived from the NVT Signal. This is a tool used in Bitcoin markets to predict tops and bottoms.
The Wookalich Ratio aims to correct long-term inflation skewing through the use of a dilution factor.
You can get the Indicator here:
For more information about Wookalich and how it is calculated: blog.goodaudience.com
Now that the NVT indicator is back in the red zone, I wanted to look back at the Bitcoin chart to spot potential topping patterns.
I am seeing a likely NVT cross with its signal line by the end of the day (still unconfirmed).
And at the same time, I am plotting here the Dinapoli Momentum Switch indicator in search for key correlations.
And we can see two potential...
Some of the evidence suggesting that the party is about to end
1) 200 day Smooth Moving Average, historically a great Support/Resistance Level
2) TD Sequential
12 hour TD at 16
Daily TD at 13
Weekly TD at 9
3) NVT Showing reversal at both
daily and weekly candles
4) Potential RSI & Volume Divergence with Double Top
Today I want to look at the bigger picture to put in context the recent Bitcoin move.
In the weekly chart, we see that the bias is bearish. The lows at 3100 fail to qualify as a THE BOTTOM by any sort of crypto standard:
a) Lack of volume
b) Lack of strong bounce
c) Lack of institutional blueprint
d) NVT still optimistic
Now, I want to look it from the...
This is the weekly read of the NVT indicator .
Bitcoin has been following a descending wedge pattern since mid-January '19.
And in contrast, NVT has been oscillating in a tight range between 86-91.
I see an apparent disconnection between the market price and the underlying fundamentals.
And we can feel that disconnection when NVT is drawing a potential double...
