This chart plays into previous Bitcoin cycles but more importantly it showcases the similarities of the 2013 & 2018 cycles and questions the case for 2022 of "Where's the Bullish Divergence?"
The MFI (Money Flow Index) Indicator which incorporates the RSI + weighted volume shows that in all of Bitcoins 3 past cycle bottoms we have seen the MFI at an all time low...
The Confluence & Power of The Rings
Over the years Fib Rings have had the tendency to indicate high levels of Support and Resistance. From the recent past these 2 rings I have done there has been a slight glimpse to look into the future. Take of it that you will but the facts are in the chart. Review the major moves Bitcoin has taken over the past year (2021-...
In this theory we take the 2013 cycle as a trend line and place the correction from ATH > ATLs. History claims that in every cycle we have completed this pattern. There are 3 set rules in order to confirm a bottom is being made.
Note: These trendline are all identical and are not manipulated in anyway. Trendlines may vary on other BTC pair charts.
2013 Cycle -...
This is my first publish charts for BTC. I have a theory however I am not TA expert by all means, but I am a very visual and analytical person by nature. I am not one to pump or boast my thoughts or predictions however, I would like to share my current thoughts on both scenarios.
BTC is now done and we consolidate and wait for next accumulation phase to...
MFI (Money Flow Index) period adjustment. The default setting is 14-periods, but this can be adjusted to suit analysis needs. A shorter timeframe makes the indicator more sensitive. A longer timeframe makes it less sensitive.
Given the less sensitive, the extreme measure are more prone to real Money Flow.
Bitcoin Cycle MFI Lows
Observe the MFI Period at 50 for...
Piece together the simple aspect of symmetry and math. This decline on the 5 day (and weekly) proves to showcase a coincidental mathematical drop from Nov 2021. If this does play out our BTC bottom should be the 28th Oct 2022.
- 1st drop for Nov 2021 15 bars
- 2nd drop from April 2022 15 bars
- 1st up 13 bars
- 2nd up 13 bars
- Gaps from high to high both...
This chart does not focus on price predict or trend reversals. Its aim is to showcase the extent to where we are in the current Bitcoin cycle. As we know it the much known Bitcoin 4 year phase may lapse into an extended repeating cycle.
Take a note of much drawn out patterns, indications True Strength Index (TSI) to Highs/Lows, timespan, Elliott's Wave theory...
Here is an update to my already created chart based on the 4 year BTC cycles. As we approach and stare squarely at the Death Cross point of $29,000 this marks the end and continuing downward trend of what was the 3rd 2021-2022 Bull cycle. May-June and several months continued
This is a simple metric I use to indicate current Netflow of Crypto Market Dominance to relation to Bitcoins Price.
Bitcoin Price compares to
Bitcoin Dominance (Market Cap %)
Total Crypto Market Cap Dominance
Check for correlation between shared Money Flow across markets
> Bitcoin Dominance = BTC growth (Going into BTC...