Yellow swoop lines are equal (most recent run and forecast line).
Blue line bullish divergence.
Coincidence? - Support line around $7700, swoop line and bullish divergence line all click together in next weeks for bottom reversal.
Sooner is better but max I see is week of November 4th this can lag can continue at this price level, or slow climb up to $8300,...
Credit to BitFink on this for showing me this indicator and showing that current price movement is going up soon.
I used the Gaussian channel to forecast the future movement.
Blue neon line is forecast line.
Red arrows are similar instances of movement.
During both times, price falls below Gaussian Channel red area. The red channel descends towards the price and...
Weekly EMA ribbon shows that we have never gone below red line in bull market. Either $7700 is the ultimate bottom, or we break that and enter bear market for several months.
In my opinion, this is big money trying to cause individual investors to sell low. They are stealing your bitcoin.
We are entering a reversal in next 2 weeks.
Credit to BitFink and TheMoon...
GBTC has now finally gone down to touch it's 200MA. I think we go up from here.
Only gapfills are above current price action.
Possible reversal here but this is getting close.
GBTC inflows highest since inception (current quarter).
More Bitcoin wallets holding over 1000 BTC. Smartmoney is buying. Dumb holders buying high and selling low are giving...
Using TD Sequential – from brobear
1H – Shows long entry setup 8am EST.
4H – Shows 8. 2 more candles and we know confirmation of direction.
Daily – Shows Q (qualifying setup today).
Previous daily support from TD Sequential is $7814.
Below $7814 next support is $5070 (OUCH!)
Watching this closely but still long. Bitcoin butt-pucker time. Daily MACD...
From my original post – “Bump and Run Reversal Bottom?”
I see our current GBTC pattern as identical to the BTC pattern as a “Bump and Run Reversal Bottom” with a few differences. ThePatternSite defines the shape as a frying pan, tilted down, with the handle on the left. It is ranked 1 out of 56 (1 being best). See my other post for more details on this pattern. ...
I see our current BTC pattern as a “Bump and Run Reversal Bottom”. ThePatternSite defines the shape as a frying pan, tilted down, with the handle on the left. It is ranked 1 out of 56 (1 being best).
The Bump and Run Reversal bottom sometimes appears to me as an inverted head and shoulders, which confirms slightly different during confirmation at the end of the...