A reminder to everyone that Bitcoin Mayer Multiple is at 0.67! that is a very rare buying opportunity.
Now is the time to load up on Bitcoin as of May 8th 2022 we turned purple a period in Bitcoins cycle that has only happened 5 or 6 times in all of its history , indicating that we are extremely under...
NAs100 hits 1.618 Fib perfectly , this could be the local bottom for now but setting up for a much bigger fall later on.
The bar pattern from 2007/2008 crash is looking very similar right now and we could be setting up for a much larger move down . I have overlayed the bar pattern from the drop in 2008 , a 50% drop would hit the...
Its been a interesting May but not shocking in anyway , I have been covering this downtrend all year and talked about the crash in May 2022 months before.
Published January 2022
Published March 2022
The link marines have a sour taste in their mouth , they are confused on why the link is not going up . If you go to the official chain link twitter you can see with every official link post showing the project's massive progress is met with a wave of angry investors asking why the price is falling and calling for the end of Chain link .
All we need to do is...
Have a quick look at the TA below first.
This ascending channel is going to be the key to pinpointing the bottom of the bitcoin cycle. What we have is a "W" pattern formation on the daily which if completes has a breakout target to the top of this channel.
Now my perspective on the...
Never been interested in XRP until today ,there is something interesting going in the charts.
This historical trend line for XRP is playing a big role in keeping up the price , If it does hold targets to the upside would be massive.
First target 12 Dollars
Second target 42 Dollars
I think this trendline will break come May 2022.
We have been here before , August 2019 to be exact. Traded the same type of triangle down to a 7k Bitcoin at the time. Take a look below (First TA so rough around the edges ,also ignore the x50 it was a different time lol)
Just like 2019 I think there is more a chance that...
Wouldn't it be amazing if there was an indicator out there that would pint point Bitcoin cycle tops. Does such indicator even exist?
Well what you see in the chart is in fact the best indicator ever created and everyone is quickly to forget what the Pi cycle indicator was telling you three days before the cycle top.
Now I know what your thinking November 2021 ...
Bitcoin showing mixed signals lets look at the whole picture .
First of all we have been inside a symmetrical triangle now for a couple of days and we are coming to a conclusion , this is going to be one of the most important triangles of the year because if we do indeed break down from here it is very likely that we will visit 200 weekly at some point most...
Bull Flag possible formation , only have volume and price movement since March 31st 2022 not much to go on.
There is a time when the operation of the machine becomes so odious, makes you
so sick at heart, that you can't take part! You can't even passively take part! And
you've got to put your...
I think we can all say that Bitcoin didn't have a blow off top this cycle but chain link sure did.
70% in just two weekly candles in May 2021 pretty insane even for a blow off top , the week of May 17 2021 is the largest weekly red candle in chain links history ,66% in one weekly candle ,it had one hell of a run.
Since June 2018 Chain link pumped 31674% over...
It takes on average 400 days for Bitcoin to go from cycle peak to 200 weekly moving average. Last two cycles after cycle peaks we found a bottom at the 200 weekly will it be different this time round?
It would definitely be different this time round if Bitcoin does not put in a bottom at the 200 weekly at this point. The week of May 23rd 2022 would be 406 days...
Will history repeat ?
The bar pattern overlapped shows a really interesting view on the market structure compared to 1929. Things are looking very much the same 100 years later.
Price hit the 3.618 Fib extension in 1929 and crashed shortly after with the tension of war at the time, you had the Sino-Soviet conflict with Russia and china in 1929.
100 years later...
I think this week has been a very important week for Bitcoin and I have not seen anyone talk about the fact that the 200 weekly moving average is now at the previous all time high at 20k.
This is a very important thing to take note of because we have never closed a weekly candle under the 200 week moving average in Bitcoins history it has been a hard bottom for...
The bear market has been underway for a while now ever since the top in April 12th 2021 I believe we have been in a bear market and in a distribution phase, even though we did make a higher high later on the year I still have come to the conclusion that we are indeed in a bear market.
The TA i posted a while back “The satoshi Prophecy” while still not technically...
Interesting Time Fib lands May 18 2022 which also lines up with 4.236 circle fib.
This date could be the bottom for Bitcoin , price could easily wick down to 25k before closing at the 1.618 Fib at 28k.
Best time to take profit would be sometime late March at 0.618 Fib at 51k.