As you can see, the fork indicating last 1 move is broken and the current valid one is a schiff fork which is used to estimate possible S/R levels on the corrective move, the move seems to have extended so as i could say we need a complete ABC before a new bearsh move could go, i might be wrong and the price follows the long term previous trend-line that is drawn...
I mainly trade crypto but after having seen some parity with Bitcoin and SPX, I figured I'd drop this and see what comes back up. Would love to hear feedback on it but my general sentiments are that this thing looks toppy as H E Double Hockeystick!! I recently saw that margin debt is at an all time high, stocks as a % of household financial assets is also at an...
NVT (Network Value to Transaction) indicator
This indicator describes the relationship between volume of transfers and market capitalization.
It is also described as the price/earnings ratio of cryptocurrencies.
The calculation is done by dividing the network value by the daily volume.
At the moment, we can verify an indefinite moment.
BTC 4hr update:
BTC is above its Bollinger Bands Middle Band Basis 20 Period SMA.
BTC is above its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range.
BTC is above its Volume Profile Fixed Range VPFR Point of Control (POC) for the fixed range i have selected.
Volume is relatively Low for this 4hr Volume Bar & the Volume Bar...
Some people are talking about an inverted cup and handle starting in Jan.
Or a mega head shoulders. Perhaps too big in time bars.
Anyways, down trend is pretty clear.
Only time will tell if we get out of this.
I think there will always be some hope till we hold 30k no more.
Very quick BTC daily chart update:
BTC is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1D timeframe.
Note that at the moment, the Bollinger Bands Upper and Lower Bands are NOT extending outwards for this 1D timeframe. The Upper and Lower Bands extending outwards means increased volatility.
BTC is below its Schiff Pitchfork (A,B,C) Median...
Pitchforks create a type of trend channel.
The trend is considered active as long as the price stays within the channel.
Reversals occur when price breaks out of the channel.
There is a center median line (trend line), as well as sets of lines above and below that median line.
The additional lines are set a specified number of standard deviations away from...
Quick ADA 4hr chart update:
ADA is back in the Bullish Zone of the Ichimoku Cloud.
ADA is above its Volume Point of Control (POC) for this visible range.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is sideways.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is upwards.
The Ichimoku Cloud Lagging...
ADA 4hr Chart update
At the moment of typing this, the price is back above its Schiff Pitchfork Median Line. ADA needs to close a 4hr candle above this level and turn it into strong support.
ADA is in the Bearish Zone of the Ichimoku Cloud for this timeframe.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is downwards. ADA...
So, as you can see, since ~20th of Feb, we've entered and, for the most part, stayed within the Pitchfork channels the entire time. Only exceptions being a few of our four hr candle wicks busting thru the support beams at the bottom, but they always closed above.
Now, we are at the top resistance line of the last channel. Separately, there is a new channel that...
Yup, look at that. BTC dumped big and didn't even barely scratch into that lower median, the trend is intact and would remain intact even if another major dump like last seen happened. Ignore the stray line, Idk how to edit the chart once I've posted it I'm big dumb Tradingview plz help <3
BTC Daily Chart update on a neater chart than the last BTC chart i did.
First and foremost, we need to wait and see where this daily candle closes.
BTC is back above its Leading Span A (Senkou Span A) resistance and is now in the Bullish Zone of the Ichimoku Cloud. BTC needs to close THIS daily candle in this zone.
BTC is back above its Ichimoku Cloud Base Line...
At the moment of typing this:
BTC is in the Equilibrium Zone of the Ichimoku Cloud.
BTC is below its 50EMA on the daily chart.
BTC has found support from its 100EMA.
BTC is below its Ichimoku Cloud Conversion Line (Tenkan Sen). The Conversion Line (Tenkan Sen) is indicating short-term momentum is sideways.
BTC is below its Ichimoku Cloud Base Line (kijun...
BTC update with a few different indicators to help you:
At the moment of typing this, BTC is back above its 50EMA. BTC needs to CLOSE a Daily Candle above this level and turn it into strong support.
BTC is still in the Bullish Zone of the Ichimoku Cloud.
BTC has managed to close above its Ichimoku Cloud Base Line (Kijun sen) 2 days in a row, it looks like this...