Highest_High

Highest_High

WEEKLY PRICE USES 200MA AS SUPPORT = REVERSAL This has previously happened in August 2015, November 2018, March 2020, and now August 2023. THINGS TO DO: 1) Wait for weekly price confirmation on the 200MA 2) Wait for position to enter 3) Have Patience

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DAILY RSI GOES BELOW 20 = TREND REVERSAL. Price Reached All Time Low in November 2022. However it wasnt until August 2023, that the Daily RSI broke below 20, marking the bottom even though price not at the bottom. This has previuosly happened in August 2015, November 2018, March 2020, and now August 2023. Notice 3 years between each one. THINGS TO DO: 1)...

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3 Day chart I like. BTC short/mid future, I do not like. BTC has strong relationship with 50ma and 200ma. After a long battle between them, BTC has always suffered a 50% death in price. Will this be the 3rd time? I think so as the chart points out the bearish signs. This is a classic bearish scenario example. - Bull Flag - Breaking down from bull flag -...

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Using RSI and Price action to determine when a Bull Market is confirmed. The green circle is the point of breakout. The Red circle represents rejection. A bottom has normally been defined as when the price touches 200ma This currenty is at $21587 BTC rejected and is currently below the 50ma which marks a bear market. When PRICE and RSI breakout of declining...

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I PRESENT TO YOU - BITCOIN MONTHLY CHART: 10 YEAR TREND-LINE AND MOVING AVERAGES 20EMA (green line) Currently @ $37500 Bitcoin has only dropped below this twice in the history (see white circles) and only closed below it once. When btc falls below the 20ema it will probably meet the 50MA which marks the bottom. At this moment in time Bitcoin is sitting just...

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Rising wedge with declining volume. Highly likely of break down soon. I have laid out my three possibilities for the next short therm move of BITCOIN. A) Is the most bullish scenario: A Bounce from $37,300 B) Second most bullish scenario: A Bounce off 50MA C) Bearish scenario: A fall back down to $33,000 What do you think will happen next? Is BITCOIN on its...

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Link has been showing strength lately. Positive price action so i thought id take a look against the Bitcoin. Link showing lovely structure here. It has turned a resistance in to a support which is bullish . Now is just needs to hold above the 100MA. If all goes well we will see Link gain much value against BTC. If Link makes it to previous high, Link will be...

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BTC recently broke out of downtrend where there has been 4 failed attempts. Hopefully there is enough strength and momentum to reach 50k.

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Just a observation: I have noticed that whenever the 200ma and 50ma cross there is a 50% correction. It has only happened twice before. They look set to meet roughly march/april time. Food for thought

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As you can see the 1hr and 4hr macd and RSI have been making higher lows. The RSI is in a pennant formation so lets hope for a bullish breakout! Let me know your thoughts in the comments!

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Link has been showing strength lately. Positive price action so i thought id take a look. Link showing lovely structure here. Has turned a resistance in to a support which is also bullish. Now is just needs to hold above the 100MA. If all goes well we will see Link gain much value to BTC. What are your thoughts?

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Marking out the % gain from previous ATH to the next ATH I was hoping for a pattern but there doesnt seem to be a pattern emerging. I have included fib extension and measured the potential gain of that, which you can see in the chart. What are your guys thoughts and opinions on this?

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This can not be a head and shoulders because the neckling is upwards, not flat or downward. Prove me wrong ...

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So we have made it in to the Box. As Guns N Roses said, "where do we go now? Based on the RSI which is showing a uptrend I would lean towards to a bullish move from here. Anything can happen so be prepared to go lower at all times! What are your short term predictions? Hope this helps!

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Please BTC, find support at 42k level. Because BTC has broken down from this triangle and is currently in a down trend anyway, we should expect to visit 42k. Will it bounce like a trampoline or will it sink lower? I believe the bull market is still active but short term we are going to scary places Let me know what you are expecting short term ...

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Looks like double top to me. Price has just fallen under 50ma and fallen beneath key support. Double negative. Unfortunately two negatives does'n't make a right this time. If price stays under both the moving average and support line of $25 then you can expect to see $15 in the coming weeks. Hope this helps!

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Gala was using $0.083 as support from September til November (roughly 59 days) before it broke out of desending triangle and gained modest 839% in 14 days. I have noticed a similar pattern it forming. GALA has started using $0.43 as support. In a descending triangle pattern. Using Fib Trend Extension to work out the next cycle high we get a top figure of $3.24....

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As stated in my last post that "Potential flush incoming, before continuation upwards." This recent flush has shaken out of all leveraged and long positions and data confirms whale buying up large quantities of btc. I have maped out the cycles using red line. You can see with each cycle since 2010, it gets longer and less parabolic. We are entering a age where...