Added some Wyckoff analysis for reference on another post.
I know it doesn't look exact, but patterns don't have to follow the examples perfectly. That's what Wyckoff's accumulation drawings are - schematics. If you've ever worked on something where you simulate and then install on physical equipment, there are always minute differences between the two. So in...
Will HOT be the biggest winner this alt season?
I'm sitting on a free bag as I've taken my initial investment out.
With patented technology and a focus on efficiency and scalability, I think Holochain gonna be massive
Not financial advice
BTC has been in an ascending channel that's been in tact since 2013. Historically, when BTC is above the midline (dotted), it's probably an ideal place to sell. Hopefully, at the very top of the channel.
Whenever BTC falls below the midline and the 200 MA crosses above the 50 MA, this looks like an ideal place to buy. Confirmation would be the MA 50 crossing back...
BTC did almost this same exact thing in the 2013-2017 cycle:
In the 2009-2013 cycle, we saw BTC go ~+3730% past it's current ATH to new ATH's
In the 2013-2017 cycle, we saw BTC go ~+1570% past it's current ATH to new ATH's. This is a 2.377x decrease in % past it's current ATH
In the 2017-2021 cycle, will we see BTC go...
Since the March 12th crash, there's been a crazy 113 day (so far) consolidation and accumulation between $30-50.
The POC for LTC since ~Sep 2016 is $46.67, and looking at the volume breakdown, it's mostly buys.
I'm loading up at these levels before something crazy happens.
Not financial advice!
I feel like the chart speaks for itself:
- Golden Cross on 4h (pending golden cross on daily)
- Ascending channel, retesting the midline now. Could see a retest of the top of the channel before a pull back
- halving hype
- Massive volume spike (buying) on dump to 3.8k
Now, with all this in mind we have to consider, people are up ~155% right now. We could see a...
On the 4H chart we've gained the 50 day moving average and have been using it as support. Now I think is the time for the push to test the 200 day moving average, which we will need to re-evaluate after btc gets rejected or if it gains the 200 day as support.
Everyone's sentiment is bearish, front page of tradingview is all bearish, we've been in extreme fear...
There was this huge 4+ year trend line that everyone was like no way we break it (I was also leaning on the side that we probably wouldn't break down, but could) and here we are absolutely destroying that trend line .
I had a feeling after looking at this chart (I had the idea before the dump) that we might break down when we were at 8k. I told myself there's no...
There are many longer term trends/indicators that are both bullish and bearish, leading to a very indecisive BTC price. Which, coupled with all the panic around COVID-19, could explain the crazy volatility we've been seeing.
One thing I'm seeing that is really bullish is the volume we saw on the latest dump. We saw a HUGE red volume bar and then an even BIGGER...
So the fat red line is the POC, which is the Point of Control, meaning the price level for the time period with the highest traded volume. Most volume was traded at $411.... unfortunately I think BTC has a long way to go down.
I haven't felt this bearish in a while. We had a parabolic move up and still didn't have a parabolic move down.
The POC is also regarded...
At point A there are four different resistance lines intersecting, meaning we will likely retest 9.5k and then drop down to point B at ~8900. If that support line holds, then I think we should follow this pattern and then test the long term resistance line before gaining the 10.5k level.
Worst case due to the halvening in May we may see a very big sell off,...
Anything below the green lines I consider accumulation, so I would buy under those lines, higher % if we hit the lower levels.
Anything between the green and purple lines I consider uptrend/downtrend. Not very good to buy in these zones because LTC is very volatile in this area.
Anything above the red lines I consider distribution, so I would sell above those...
We dropped to $67 which in a previous post I said wouldn't be surprising to hold up instead of the $62 level. This is a good sign because it means if we fall from here, we should still have heavy support at the $62-63 level.
If we hold at least the $62-63 level, I believe the next target will be $95-100, maybe a little over since it'll likely be exaggerated from...
I never posted this but I've had this charted for almost a month now and I had to put it up in case it keeps goin' this nice.
I'm no guru and can't guess how far an uptrend will go but based on the history (I knowww I knowww it's not indicative of anything whatever) we might have a ways to go before topping out.
We do the same things if you look at the macro...