Bump-and-run reversal bottom here in its run phase.
Price dropped off following the Lead-in Phase, moved into a narrow range, bump formed, rounded upward as price left the bowl and onto the uphill run with retest.
Final existing downtrend sitting at 30k. If the bump and run plays out perfectly, it will visit that level.
Not much to say about this one, from a simple TA p.o.v this is the final downtrend (other than the obvious resistance/supports marked) that BTC would need to break to get the chance to go full blown parabolic or face rejection.
Illustrated here are the Bull and Bear moons since the start of the Bitcoin recovery, one bear moon appearing in Equinox was invalidated into crab pa with all other bull/bear moons being successful.
Lunar cycles are approximately 80% succesful.. The question is, what will this May 5th bull moon bring? Invalidation or pump?
Let me know your thoughts in the comments.
Converging support areas.
Likely to come down to upper trendline for retest of breakout, strength from lower support line aswell as the 1.618 fib for a large amalgamation of supports.
We are still in the run phase of the reversla bump and run, move should take us to 30k, above that is the final existing downtrend from 52k sitting at around 32k.
Expect very heavy...
Looking for a big trade and structures have been hard to come by.
Bitcoin is in a falling wedge of sorts, with 2 top res draw points.
Drawn a few fibs for if it doesnt break previous low, fibs will be invalidated if so.
In this idea im looking for a play to the upside, ftx contagion is still around, in which case if this does break below - take a look at my...
The bet between billionaire Balaji and VATman Medlock on Twitter is going viral.
Balaji is betting that due to hyperinflation Bitcoin will be worth $1 million dollars in 90 days.
I thought it interesting to see what that would look like on the logarithmic.
Seems totally farfetched... or is it? :D
Heres the bet below:
I'll bet anyone $1 million...
Key Points / BIG news:
- TAP Global to have stock market listing via SPAC merger, $XTP will see some parabolic moves north IMO.
- Quetzal Capital injects £1.5 million with an additional £500 000 option before May 31 2022 - this funding will stimulate growth aggressively.
- TAP has partnered with leading companies in the industry including Fireblocks, BitGo,...
Beautiful upward channel for the investment of the year, too early for any other meaningful TA.
RUMOUR ALERT: Coinbase listing XTP, Coinbase wallet spotted buying up $XTP
TAP is a fully regulated company and fully meet the requirements to list on Coinbase and, with the company launching in the US in the next 2-3 months, it makes alot of sense.
Its still early...
Been posting this in the updates of my previous idea, a reliable channel for the last couple weeks.
Perfect touch of the 0.382 fib and rejected down. Couldnt get a candle close outside of channel, shorts were entered with sl now in profit.
Mid range of channel should look for a bounce, if not there then the 0.236 and if not there the bottom of the channel.
BTC in a potential cup and handle formation.
After forming a triple top, shes entered a downwards channel with multiple clean touches, a break below would likely be aggressive.
Breakout up will revisit triple top area around 16,8 with 17k above, thats where we will observe for a breakout or rejection.
$BTC has been breaking through every support in this bear market, now we have FTX contagion and the question is where will we bottom?
Going back in time to previous bear markets ive noticed the "final trend". Drawn in black, this is where bitcoin has consistently found its bottom at 1,8k in 2017, 3,1k in 2018 and 3,8k in 2020.
At time of writing that final stand...
Mega twitter pump. I expect this to go up, however both sides are illustrated.
Res at 15c, after that 17c.
Big trend support created from start of pump lays below, though before that is a a fresh established support at 10c.
Fomc illustrated at the exact time it drops, volatility will come in.
Hey, been a while since ive been on but noticed this after the bullish move we have just had.
Not illustrated but the long down trend broken and also broken out of the crab range. Now this appears to be the final hurdle where bitty will make up its mind.
Keep an eye on it.
SiaCoin the dentralized storage platform has had a 500% increase in storage used on its network since 2021 constantly growing and repeatedly setting ATH's in usage, the network had 0.5 PetaBytes stored by its users and at writing today has 2.5 Petabytes stored on the network. Behind the scenes of the token itself, the project is consistently growing in its utility...
Simple chart and a conventional buying zone.
Lagging indicator death cross tbc later in the month, expect bear fomo in that period - note: 1 month after our previous death cross mid 2021 we pumped, 29k was a good buy.
Looking at RSI we've got a small DB on the daily with potential to breakout in coming weeks.
Trend line is obvious support, defence been in play at...