Kalchev

Kalchev

A quick overview of historic summer price action. Keeping a bullish bias for now, though I'm not expecting a new ATH during summer months as the October.20 -> April.21 uptrend ran a bit hot. What would make me OMEGA bullish: - sudden massive green candle with spike in volume following a great catalyst (news/announcement); - successfull taproot lock mid-June; -...

Kalchev

Just a quick attempt to lay out some war/conflict related events with the DXY chart. US presidential inaugurations seem to mark a short term turning point for the dixie: However, with trillions in stimulus already announced by the president-elect, chances of USD strength in the comming months seem rather slim. How would a military conflict/event affect the...

Kalchev

CRYPTOCAP:BTC.D CRYPTOCAP:TOTAL2 This idea explores the case for a comming alt season. I've inverted the monthly BTC.D and its RSI in order to better visualize the correlation with alt market cap (TOTAL2). 2017 alt season was a beast and if anything similar happens this cycle (lots of alt hopium going around) crypto bros and gals will be stacking mad sats while...

Kalchev

The chart speaks for itself - US dollar strength is inversely correlated to BTC price. While this might not be news to most of us, I find the DXY chart particularly interesting, as it's approaching a critical level. We know the FED will continue at least $120B QE per month until “substantial further progress has been made". More helicopter money stimulus is being...

Kalchev Updated 

Still a few hours away from daily close, but the similarities with the mid-August fakeout are interesting. a) breakout volume with ~3 hours until close is not exceptional at all (2, 5); b) RSI is on its way to confirm another bearish divergence (3, 6). In my mind: - losing $20,000 tomorrow would confirm a fakeout and I'd expect sell volume to pick-up; - staying...

Kalchev

Nothing to add, really. Interested to see where LINKUSD will go from here, thought I'd share.

Kalchev

We are examining the possibility of another leg down in this several-month long downtrend. Price has respected the multy-year trendline (in white), for now, but this could turn into another bull trap, as it has also respected the downtrend channel resistance. Both the daily 200 EMA and the 125 MA have converged and stopped price breakouts three times already. As...