QuestITM

QuestITM Updated 

With the recent rise of BTC you’d think that the miners would move in tandem, one of the problems with the miners is that after the halving their job is going to get 2x harder. As you can see from the recent price action it hasn’t been a good play if tracking the price against BTC. On the 1d chart MARA looks like it’s in the latter stages of a head and shoulders...

QuestITM

BTC Death Cross History & Thesis A death cross is defined as: when the 50 day moving average drops below the 200 day moving average. Based on history going back to 2014, after entering a death cross BTC prices dropped as follows before recovering, prices and percentages are slightly approximate but fairly accurate: Entered Death Cross 19 Jun '21 price...

QuestITM

Long term I think BTC will come back but I don't think the bears are done with their lunch yet, I'm short term bearish, long term bullish. 1Y: Supertrend bearish, below 50MA, barely hanging onto 200MA, RSI 37.69 (tad oversold), DMI bearish indicator (red) stronger 6M: Supertrend bullish, below 50 & 200MA, RSI 44.45 (neutral), DMI bearish indicator (red)...

QuestITM

COIN All time high 429.54, all time low 208 Broke through 280 support and now heading toward the 250 level. RSI: 1Y (32,69), 1M (22.36), oversold DMI: Bearish trend line (red) and trend strength (yellow) looks stronger on both 1Y and 1M Strong sell on moving averages for 1 week and 1 day time frames. Would not be surprised to see this starting to test sub 225...

QuestITM

One year support level at 20.24 has been breached. Zooming into to 1M reveals three consecutive high RSI to low RSI moves. Each move lower resulted in sideways price action with a small move higher then subsequent lower move. The first drop resulted in a -18.63% decline, the 2nd -13.77%, and the 3rd a -8.88% drop, each decline approx 5% less then the last....

QuestITM

I'm a beginner at TA so please keep that in mind, I welcome any advice or comments. One year chart, right now I'm seeing support at $53390 and resistance at $67000. 50 day moving average is above the 200 day moving average, keeping an eye out for a breakout above the 50 day at $61000. However price action is trading below the 50 moving average line, which could...