Crypto-Swing

Crypto-Swing

A false break out of the declining channel, rejection by the 1D 100MA (light blue) and a 3-Black Crows candlestick pattern in the making are all signs of further weakness. The Fibonacci projection for the bottom of the correction sees levels of $29k and $25k looming large on the horizon between March and April.

Crypto-Swing

The long correction in THETA looks to be coming to an end, as long as support of the Triangle formation holds. If a break above the resistance line of the triangle holds then continuation of the prior price appreciation trend can begin.

Crypto-Swing

A view of TFUEL that parallels the correction of THETA, but with an Inverse Head & Shoulders formation marking out what could be a trend reversal if the price can break and hold above the neckline at around $0.245. The completion of a multi-month correction pattern in THETA and TFUEL is an interesting occurrence when Bitcoin is yet to mark its B-wave high with its...

Crypto-Swing

Cardano has held the $1.00 handle very well so far, but is under pressure from declining volume, a weak MACD, and a dominant Channel structure. A rally up to $1.40 will confirm an end to the multi-month correction (ahead of BTC), while further weakness could see a replay of the January drop down toward the $0.78 level. What do you think? Is the correction over,...

Crypto-Swing

As seen in the above charts, THETA has diverged structurally from Bitcoin (bottom chart) and the other Alt-coins (middle chart). After completing a 10 month corrective phase THETA appears set to commence another Bull market. In contrast, the other Alt-coins and Bitcoin have only completed the first 3 months of their respective corrective phases. What do you...

Crypto-Swing

As BTC consolidates under $45k in this upward movement, I am drawn to notice the pending cross of the daily 100MA below the 200MA, placing all major MAs below the 200MA, reminiscent of the 2018 Bear market. Indeed, as seen in the chart on the right, in 2018 the 200MA become a line of resistance until after capitulation when the cyclical low was reached and price...

Crypto-Swing

Reviewing my last study of BTC in the daily timeframe that projected a c.$48k high for this current relief rally I decided to take a look at what that might mean over the longer term. In this study, I use that insight to augment my review of the BTC Bull Market run and theorise what the remainder of this Bear Market might look like. Of course, anything could...

Crypto-Swing

In this study I observe just a few 😉 fractal similarities between the current situation in BTC and prior periods. What do you think? Are we facing a correction at $39.6k before a rally towards $48k? A very interesting fractal which could mean the bottom of the correction is in.

Crypto-Swing

Is the bull run over and have we seen the cyclic peak in price? It is my contention that the SARS-CoV-2 virus that was unleashed on the world has had a pronounced effect on the psyche of the retail investor, their appetite for investment risk and as a result, has significantly muted the growth of BTC in this halving cycle. So much so, in fact, that we may not...

Crypto-Swing

In the daily chart above, you can see the successive 3 Black Crows pattern (3 red overlapping candlesticks) circled in pink. On each occasion the pattern if accompanied by declining bullish volume beforehand, followed by rising bearish volume through the pattern. Looks like the bears are well in control and another drop may well be on the cards. When considered...

Crypto-Swing

Following my Wyckoff study two days ago, the potentials for a BTC "Spring" event to effect the Alts needed some consideration. In this study, I have four altcoins for review of their reaction in a BTC correction. I am looking at XPRT, THETA, ADA and DOT. Of all the coins, I find it most difficult seeing THETA making a lower low given it is so far below where I...

Crypto-Swing

In this Wyckoff study of Bitcoin, I show that BTC is in a precarious position with respect to the Re-accumulation phase of its cycle and could be facing a sharp drop into a "Spring" event before a rally gets underway. This is not mandatory for a recovery, as indicated by the dotted lines, but if it does occur could be in the order of 15% down on from the current...

Crypto-Swing Updated 

Since November 25 BTC has repeatedly confirmed the 1D 12MA as it’s line of resistance, unable to hold above it for almost a month. In this daily chart we can see the tightening consolidation of price under this line, while the MACD has flipped bullish, volume is on the rise, as is the RSI. It is noteable that price did not break down after support broke down...

Crypto-Swing

In this 4hr chart we can see that the triangle has broken down and support has become resistance. A continuation of the correction is likely now.

Crypto-Swing Updated 

In this daily chart of Bitcoin we can see it is in a battle to hold the 200MA and break through the 12MA. Twice it has confirmed the 200MA as support and twice it has confirmed the 12MA as resistance. The MACD is looking like it will cross bullish in the next 24 hours and perhaps we will see a break above 12MA shortly.

Crypto-Swing

In the very uncertain period of the correction back to $55.6k after a new all time high, it is worthwhile considering the bearish case for BTC. Now, I'm not buying this, for a range of reasons, but it is good to consider it and what is possible. One might see a certain similarity, between the current price action and the period coming into mid-April 2021, price...

Crypto-Swing Updated 

Just a brief look at the Symmetrical Triangle correction of in BTC, indicative of a Wave bottom, and a pre-lude to a Wave 5. How high will BTC run after it breaks out of the triangle?

Crypto-Swing

A requested look at WINkLink and a very strong case exists for a very sharp rally, similar to the rally through April 2021, with a fractal replay of the crossing of MAs. How much higher than $0.0052 do you think it might run?