Andy_D

Andy_D

Based on my analysis, I have found that the current price action in the market is quite similar to that of the previous cycle, which leads me to believe that we are in the midst of another boom cycle. In line with this thinking, I expect to see a run up to at least the 1.618 Fibonacci level, much like we saw in the previous cycle. To ensure an accurate...

Andy_D Updated 

Check notes on the chart. 1) Bearish Rising Wedge 2) Descending Triangle 3) Ascending Triangle Expansion Creating CME Gap, aka Futures Liquidity Gap. (These almost always get backfilled.) 4) Current Pattern, Bullish Ascending Channel. We had a fake out to flush the longs, and create liquidity, and to backfill the CME Gap. All other narratives are fun stories....

Andy_D

Another interesting observation here.. Trend Based Fib-Time.. The significance of the 0.618 and the 2 levels cannot be discounted. This a big-picture, Quarter-by-Quarter outlook so not accurate to the month, day or week, but to the 3-month quarter in which it falls in. The 0.618 has 3 times (if we assume that the bottom was put in last quarter) marked the...

Andy_D Updated 

Based off previous cycle fib-measurements and projections, I believe the top will likely occur in September 2025, with a maximum approximate price of $13,620 (within the $13,000-$14,000 price range).. Lets see if this ages line fine-wine .. Check back in a few years ;-)

Andy_D Updated 

Capitulation Sell Volume? Check 50/100 MA Cross? Check Sentiment at all time lows? Check My own custom indicator, Average Oscillator, is a combo calculation of volume+4 difference oscillators, averaged out. It's indicating a bullish divergence. End of this month, as predicted long ago, will likely be a break to the upside.

Andy_D

I think what's playing out is a bull pennant, break and retest on the 0.618 fib, to a run up to match the measured move/size of the pennant (~18%).. towards the next 0.618 fib around 27,000$ where I believe there will be some resistance.

Andy_D Updated 

Do we see some relief into October? Or, do we lose the 38.2% fib retracement level ? Fundamentally, Macro seems bad, but forward looking, DXY rolling over, Oil already rolled over... It's possible a relief rally follows before another sell off EOY. Similar charts with Nasdaq and SPX

Andy_D Updated 

What goes up, generally comes down. Liquidity void will get filled to build some market structure. Targeting 5.90 Custom indicator printed two 4's which is severely overbought. Correction likely.

Andy_D Updated 

Bearish Divergence + Major Monthly Resistance + Rising Compression/Wedge = Perfect storm for a dump. Targeting the 78.6% Fib level.

Andy_D Updated 

Notes on chart. Ascending triangle into downward diag resistance. Bullish BTC Action Expecting breakout of ~18%+

Andy_D Updated 

Rally up to 3.80 in coming weeks seems likely. Ascending triangle + Adam/Eve bottom pattern forming.

Andy_D Updated 

Posted my notes on the chart.. Think this retraces down to ~1.65

Andy_D

Looks like an inverse H&S Potentially forming here.. into downward diag resistance.. Likely another spook for Halloween, to form the right shoulder, then a thrust up for November.. "Upvember"

Andy_D

Do we see some relief into October? Seems likely.. I think a possible test of the 50% retracement (another 2% downside) is possible.. Fundamentally, Macro seems bad, but forward looking, DXY rolling over, Oil already rolled over... It's possible a relief rally follows before another sell off EOY. Similar charts with SPX and DJI

Andy_D

Do we see some relief into October? Or, do we lose the 38.2% fib retracement level and fall outside of the ascending channel to test mid-range between 3622 and 3318 to see if we find support? Fundamentally, Macro seems bad, but forward looking, DXY rolling over, Oil already rolled over... It's possible a relief rally follows before another sell off EOY. Similar...

Andy_D

An observational study on Bitcoins price versus the overall money supply paints an interesting picture. Are we now the most oversold on a relative basis to the money supply? Previous Cycles (I'd argue there's been 3 now, on the basis of halving's and time-cycles) Previous times we retraced to the 38.2% fib extension This time 61.8%, 2 full levels below

Andy_D

My projection for 2025 is to see the crypto total market cap top out at 6.2 to 6.3 Trillion Dollars base off simple fib extensions. As you can see the previous cycle retraced to 38.2% and topped out at -23.6% This cycle, so far, has bounced off 38.2% (In my opinion this is the bottom, based off my other analysis). -23.6% sits at around 6.286 T

Andy_D Updated 

Bitcoin Formed a Pennant (Consolidation Pattern), Broke Out, Got Rejected off Resistance and retraced to re-test the upper resistance of the pennant, and the 50% fib retracement. I expect a push back to test resistance 1-2 more times before a breakout to higher levels. Further consolidation to come.