Hourly Chart: Bearish Flag (Neutral)-(Bearish)
Daily Chart: At the middle of a Downward regression channel (Neutral)-(Bearish)
Weekly Chart: after 7 bullish week we see sellers overwhelmed buyers in the past 4 weeks!
Monthly Chart: spinning Doji (Neutral)
Conclusion: This week will be a Neutral
In the past 24 hours, all crypto enthusiasts talk about " Cathie Wood predicted Bitcoin will be 500 k in 5 years".
But she mentioned two Ifs:
1- Her price prediction depends on whether companies continue to diversify their balance sheets into bitcoin, the biggest cryptocurrency by market value, and whether institutional investors begin to allocate 5% of their...
63K BTC Cycle Top is Wave 3 of the MACRO BTC cycle
1.5 - 3 Year bear market
55K .718 retracement of entire bull run.
6.5K Bear Market bottom.
This is a MACRO chart and has many wave configurations in between wave counts so please do not assume what I have laid out will result in immediate movements to those points noted.
Looking at the weekly chart of the bitcoin shows whenever we have a bearish Outside bar in the weekly chart, there will be a 12- 25% decline in the following week!
If you look at the mid-July weekly candle, you see after a bullish reversal out bar crypto market went up 49%.
Take weekly outside bars seriously..!
What Is an Outside Reversal?
An outside reversal...
Been quiet for a while pulling down bangers instead of chasing clout & farming sweet likes for my T&A ;)
(he says with a wink & a nod to the camera while doing that on twitter/youtube instead)
Anyway -here's my meta-perspective of where we're at in the $BTC Market -I'm LONG into the SUCKER'S RALLY - then flipping SHORT when I see signs of losing steam...
What Are Inside Days?
Inside days refer to a candlestick pattern that forms after security has experienced daily price ranges within the previous day's high-low range. That is, the price of the security has traded "inside" the upper and lower bounds of the previous trading session. It may also be known as "inside bars." Inside days may indicate consolidation or...
Q: What do the green E's, red E's and the P's mean on the Martin Trend Trader?
A: The Green E is a re-entry opportunity for a long trade and a red E is a re-entry opportunity for a short trade. The P on a green candle is a profit point for a long trade and a P on a red candle means a short trade profit point. The place where the candles turn from green to red is...
April 2020 - April 2021 :
Total outperform Bitcoin by 27%
April 2021 - September 2021:
The gap is still 27%
Now let's look at Total 2 and compare it with Bitcoin:
April 2020 - April 2021 :
Total outperform Bitcoin by 660%