Hi All On the Monthly TF, PA is coming into the "support cloud" What do you think? Will PA go through similar to what happened before? Or will it "hop" over it? Thnx Jad
Hi All The price of GOLD saw some "bullish" action is it coming into resistance which was previously proven as support? The 20SMA 21EMA on the monthly timeframe. What do you think? Tnx Jad
Hi All The "bullish" price action caught many on surprise. Very few were expecting such a rally, and many are "weary" "not sure" and calling it a "Sucker rally" "bull trap" etc. However, my last few post were indicating a bullish actino. Still expect 30K to be a magnet.. If PA can take and hold 26K and above, "Bearish" scenario (another drop to 12K) will be...
Hi All just putting this in For future reference... Before we assumed the first peak wasn't the peak... Now we are assuming it is the peak.. Let us see Thnx jad
Hi All As expected, we have some "bullish" price action, after breaking the down trends. PA approaching the 150 Daily MA. Previously acted as Support / Resistance. Will it break this time? What do you think? Thnx Jad
Hi All The PA still "weak" 30K was a major support which isn't "retested" Expected PA to move toward PA once the fog clears out. Possible retest and holding as new support. will be target in the medium term. What do you think? Thnx Jad
Hi All Let us have this here just to gauge how PA will move in the near future. What do you think? Thnx Jad
Hi All It is observed that the last few buy signals on the hash ribbons lead to some serious price action, to the upside? What do you think? Will we get one this time soon? Thnx Jad
Hi All Evidently, PA is sideways for the last ~6 months NO ACTION However, this might be ending soon. Such times, as long as it might take further, are excellent for accumulation.. just like buying any commodity at a "fixed price" Long term hodlers will be rewarded one day.. IT IS A GIVEN. SHORT term does NOT matter What do you think? Thnx Jad
Hi All KDJ is at lowest, and crossed at the lowest point ever. High probability that Bottom is in. What do you think? Thnx Jad
Hi All Yes, the bearish price action continues FUD is everywhere, no meaning it doesn't have a basis, but indeed everyone is scared and uncertain what will happen. On the chart, we have a breakout from the down trend on both PA and RSI. we got a "retest". Possible to see resumption? Nothing crazy, just reversion to means. What do you think? Thnx Jad
Hi All Yes, it is quite insane out there. The long sideways of ~5 months ended up with bearish PA. Nothing changed, keep accumulating. A bullish divergence might play out What do you think? Thnx Jad
Hi All Price action was (obviously) moving sideways for the last ~4 months. on the daily TF, the PA is "trying" to break and stay above the cloud (which is a bullish signa) for the first time since April 2022 What do you think? Is the move sustainable? Holding 20K+ while the NAS and S&P are dumping is a good sign. THnx Jad
Hi All This is a possibility many indicators are similar to that phase. What do you think? Thnx Jad
Hi All I see both long and medium term down trends broken. we can still see sideways actions, but things can turn bullish as well. I don't think we go "deepeer" What do you think? Thnx Jad
Hi All Anything is possible, and being bearish after a 70% drop and months of sideways movement and liquidations is bit absurd IMHO. I think we hit the bottom . Yes we can see spikes down. But limited down side. I don't think we see 10K as many a saying. Which side will it break? What do you think? Thnx Jad
Hi All If we consider APR 21 was the actual peak, and the move after May 21 just a big "BULL TRAP", PA is back on "track". What do you think? Bottomed? Thnx Jad
Hi All Bitcoin price action is still lagging the recent strength in the network and new ATH with hashrate. However, PA is now holding (so far) on the 20 DMA and 21 EMA support band on the 3-Monthly TF. This what the ultimate support, even no spikes below that. What do you think? Is it gonna hold or break now? Thnx Jad