DropDead_Fed

DropDead_Fed

Great rejection on trendline. Best opportunity to cycle out of Dow Jones/stocks to gold is now. Then get back in as trendline breaks or we head towards parity.

DropDead_Fed

Would be something else if we see a pump and bull trap form here on out before longer consolidation/capitulation

DropDead_Fed

Look at monthly MACD bearish cross as well as bearish divergence on the RSI....

DropDead_Fed

Check out the century plus pattern emerging on inflation rate YoY

DropDead_Fed

Which way will market head next? This looks like a massive channel breakout.

DropDead_Fed

It's good practice to look at charts inverted to see what they tell you. ALT-I on TV.

DropDead_Fed

If any of the key treasury/bond yields reach the downtrend resistance trendline, we should see the start of bear makret/crash in stock market within months but this cycle seems very close to the top already.

DropDead_Fed

If you notice previous cycles bitcoin 1.618 key fib extension support was held. This is a key support for this bull cycle and my main measure of whether the bull cycle is intact. Very good risk/reward to long on this support. Fundamentally and on-chain there is a lot of whale buy activity the last few days.

DropDead_Fed

This is interesting... could have a sizeable rally/consolidation here before a push lower if it happens, although on-chain whale activity shows strong buying very recently at these levels.

DropDead_Fed

Ugh kicking myself for not seeing this trade setup until now.

DropDead_Fed

If the bear market has started, and if there is going to be a very long consolidation, the the next floor is likely ~$14.5k shoudl we make it below this wave down target of $26.5k I have. Then it will be time to exit the bull trap.

DropDead_Fed

With the supply shock growing in BTC when will this bullish divergence finally get resolved to the upside? This is one scenario...

DropDead_Fed

Bitcoin just had a bearish weekly NVT (network value transfer) indicator flash - these have meant very sudden near 50% drops the last four times. Will this time be similar?

DropDead_Fed

This likely means at a minimum a move down 30% to the bottom of trading range but often meant a minimum 50% move down.

DropDead_Fed

Bitcoin will hopefully resume its upward progress after the expected selling pressure of profit taking of hedge funds and portfoliio rebalancing finishes this month.

DropDead_Fed

Ideally we would see a tag of the (log) trendline shown here. Not sure yet if we saw the peak of risk-on or this is forming a type of descending wedge and we can expect some sort of breakout next year? With Fed's jawboning tapering (the T word), markets cooled off early IMO, I expect that type of talk to be backpedalled as soon as any collateral/asset/market...

DropDead_Fed

Reminder again - the weekend candle close confirmed ETHBTC Breakout last sunday but I think we may see resistance of stay in this channel of sort before the tripling needed (100%) to flippen BTC.

DropDead_Fed

If in the next 24 hours the daily candle closes and daily 21 EMA stays crossed below the 55 daily EMA, this has signaled a bull trap and serious down move in the past. Bitcoin bounced at the daily 128MA support band today as well as weekly 21 EMA and 20 MA. It needs to hold these levels. LEGEND: Green line is daily 21 EMA Blue line is daily 55 EMA Purple line...