Chefrusty

Chefrusty

BTC QUARTERLY HIGH WAS 10760.10...Tonight another Quarter was set in stone and a ever so slight higher high by $18.12 on Stamp...VERY BULLISH SIGN! Not too may Quarters to go off of, but going in the right direction. Quarterly Stoch and RSI Looking good as well

Chefrusty

BTC Weekly RSI has been Bouncing off the Upper and Lower Trend Lines...most recently the support trend line. Next should be the upper trend line which happens to be at the 70% Over Bought line which is currently at $13280. If that breaks to the up side then the regression trend line in Blue on the price chart should come in at $14200, slightlly above the last...

Chefrusty

Notice the double bottom on the 3 day RSI and bounced off the 65% and the 61.8% Fib Retracement on both of the RSI bounces....hmmmmm

Chefrusty

Daily RSI is Bullish. broke trend line and retested it...now to break the last spike high into the Bullish Control Zone

Chefrusty

BTC retraced to the Golden Pocket... the 61.8-65% Golden Pocket and the Long Term Regression Trend Line Middle bar is currently acting as Support, all lines up together

Chefrusty

No One is Talking About this...Re- Post I was Correct, just missed it by one week! BTC has always retraced to the Weekly 21EMA to test support... in both previous post-halvings. The Weekly 21 EMA was tested between the 12th and 16th week...BTC is in week 17 Post-Halving 2020. Weekly 21EMA is currently 9940...today's candle wick low was 9987 week-to-date......

Chefrusty

BTC Monthly Regression/Progression Trend Line

Chefrusty

Second Highest Monthly Close in Bitcoin's History!!

Chefrusty

BTC just closed it's Second Highest month in it's Entire History! Previous and Highest Monthly Close was 12-31-2017 ...Closed the month at $13880 on Stamp. also hit the $20,000 All-time-high that month... Last Month, July 31 2020, was the Second Highest Monthly Close in The Entire History of Bitcoin...@ $11356.....Think about that one.... Also ...Do you think...

Chefrusty

Part 2 of 2 Second Chart with same EMA's...2020 Halving is red dotted vertical line ...so... Measured 12-16 weeks Post-Halving Like on the 2016 Halving Chart previously Published BTC Currently Closing Week 9 Post-Halving 2020 Will BTC re-test the Weekly 21 & 55 EMA's? Definately with in range and has shown to be common during the 2016 Bull Run. PLease share,...

Chefrusty

This chart shows the 2016 BTC Halving(red dot vertical line) and how BTC re-tested the 55 and 21 EMA's 12-16 weeks after the Halving. BTC is currently closing out Week 9 Post-Halving 2020. Will BTC re-trace to the 55 and or the 21 Weekly EMA's this time...I think the current day, 21 EMA could be tapped no problem...Look for next post for Part 2 Showing 2020...

Chefrusty

All above in Title are true. The chart is plotted in the Weekly Time frame, but shown in the 2Day time frame. Bull Flag is still in play on the Weekly, but using the 2 day to zoom in a little.. The 2Day Golden Cross is also in play as the 21EMA is holding thus far...has just Re-traced to the FIB Golden Pocket(from last Low 8635 to Last high 10418), and also a...

Chefrusty

No one is mentioning a Bull flag on the Weekly Chart. Measured move to $14K- $14.5K in about 3-6 weeks. Declining Volume needs a strong breakout. but could very well happen and then prepare for a pull-back....also had the first Weekly open and close above the 2017, 20K downward trend line. We'll come back in 6 weeks and see where we are

Chefrusty

This is a huge blow up of the Daily on Bitstamp.. go to your charts and see, and back-test all 3 GOLDEN CROSSES Now in process of playing out now! All are still Valid Golden Crosses in Play at the same time!! The 12HR, 1DAY, AND 2DAY. Using the 55EMA crossing up over the 200EMA.. usually comes back and tests the 50EMA or the 21EMA and Blast-off

Chefrusty

2 DAY AND 12 HR GOLDEN CROSSES...Marked by the little Black Arrow...Soon to add the Daily Golden cross this week! Play with the Chart, BTC fell back to the previous formation the bottom of the flag is now resistance, back below the major 3 year Triangle trend in Red. Weekly could not close above 3 year trend line and may back-test the Golden pocket on the Fib...

Chefrusty

BTC Update to share

Chefrusty

My long-term chart breakout at red vertical dotted line... huge triangle , expand and play with it..May 20th Breakout

Chefrusty

ANOTHER 50% DROP...the way the markets are now, this could happen again