Using the keltner channel and the weekly chart for support levels/breakdowns. Currently at an inflection point on the 2 hour. A breakdown or trend reversal is probable in this zone. I use the KCO Keltner channel oscillator to identify trend changes, in this case on the 2 hour. I draw straight traditional support lines on the KCO that are curved along the 21 ema,...
On the daily chart bitcoin is currently at the upper Transient Zone 61-64k marked in red and the newest TZ in yellow and blue under the current price action.
It created this zone with the recent bullish push to retest highs, and probabilities are that it will revisit this zone before breaking out much higher if it were to.
Transient Zones are rare occasions on...
We may have made a new all time high but we didn't get the follow through... yet. So instead we're going to test some lower levels. My target is 52,698, that is the lower boundry of the transient zone bitcoin created on the weekly chart. Probabilities are we will hit that zone soon, likely within the next 3-6 weeks, if price can hold above the zone, then it may...
Hello all, lately my transient zone post have not faired all too well. Few views, few replies, but yet I'm not wrong am I? At least not yet. I said the 57-58k level was probable, it was a problem bar and the problem is price is recurrent and almost all the time will travel back across a "transient" seldom visited zone (IE a zone that price traveled briefly through...
It's been about 6 weeks since I used transient zones to predict a 52-53k price, I called it 5-7 weeks from oct 15th.
So I gave you time and price targets that hit:
Anyways for volume IV I will go over this last target.
The 20-13k zone has been...
Noticed some patterns gold goes through in bowl breakouts
Lots of people get fomo'd into being a bull at high prices and they get dumped on.
Price falls back below breakout, and longs get the chop, as they shake out and good news comes in.
Leverage makes initial volatility spikes, and then it stabilizes and goes to new...
Maybe it go up, maybe china invade chinTAIWANa.
I hear a lot of things lately.
Are we creating the tools for our own enslavement?
Governments can't overide bad contracts, is there a new government of money?
Who controls that government? Member ETC, Member BCH, who controls the government of money?
Who can print and back the printing by buying their backing...
So here we are, the 30 minute breakdown isn't a big factor but the close in 3 hours on the daily is. The 30 minute breakdown here could send the price back below the TZ and depending on where will decide if we go sideways or...
This is getting comical.
Luckily I'm bearish on fundamental reasons and I'm looking for technical reasons to stay bearish.
The 1 hour looks pretty bullish? hah, actually it's on the verge of a breakdown again as this chart is inverted and is showing signs of reversing.
I see a 1 hour bullish, ahem, bearish signal. Not...
The 15m has shown exhaustion from the last bullish push to save Bitcoin from destruction
The 4h is in a crucial area, a bearish break here strengthens a gastly bearish outlook
If this chart is confusing you, it's because it's inverted.
Some Bearish Patterns have emerged.
Daily is rounding over, lots of wicks on the 1 hour, price is reversing in the 61.8 retracement level.
Some serious bearish signs, I hope Mel Gibson is ready.
I have highlighted the Internal Fib pattern the 23.6, 9% bounce target is the 50% level around 16k (probably hit 10k)
Bitcoin... we have a decision.
Chase the break or is it fake?
Watching the 15min we have breakout potential the question is, is all the potential gone?
Were we just flushing out all the 100x leverage shorters out there?
We're once again in an important rotation zone.
On the 1 hour there is not enough momentum for a...
Last time this happened we ended up going right back to the start.
Last time we dropped off the clif was because of covid, this next time around might involve some new disaster with the dollar/debt bubble.
Just remember bitcoin doesn't exist in a vacuum.
If the market tanks again, there is no safe place for you...
This will be the first time I shared this snapshot:
Back in april we had this under control.
I hope all in well for you in crypto land.
The dude abides.
target is 10k
This is not financial advice.
Bitcoin has been indecisive lately.
The 1H has broken down, at a break down point of the 4H which means, the big bear is about to drop the hammer.
Bulls need to take charge right now if there is any hope of a bounce at these price levels.