Chaikin Money Flow ( CMF ) is a technical analysis indicator used to measure Money Flow Volume over a set period of time. Money Flow Volume is a metric used to measure the buying and selling pressure of a security for single period. CMF then sums Money Flow Volume over a user defined look-back period. Any look-back period can be used however the most popular...
I theorize every cycle is more or less the same as structured by the 1.272 & 1.618 retracements. As you can see, every cycle seems to find a zone of accumulation between these two fibs. 2013's lasted 7 months, 2017 lasted 5 months, & so far this cycle has been 15 months. I believe what we're seeing here is merely a longer accumulation due to global economic...
Let's keep it short n sweet. No reason to fluff up the dialogue. Bitcoin Macro Bottoms are on average a once in a three year event. Bitcoin Price Action tends to have a slight correlation with the bottom of the S&P 500; however, I'm this isn't to talk about the price of the S&P 500 but something that has a higher correlation, and that is the 12D RSI of it. ...
Choose your fractal: The upside down fractal of Summer 2021 or the bottom of 2018? Bull-case: Many on-chain metrics have reflected macro-low points like dormancy flow. Other indicators such as the weekly MFI are also indicating that 33k was at or near historic lows. The 4H OBV is interesting especially when compared to the 29k to 69k run we had last Summer. The...
A September 2021 fractal has very similar characteristics that of our current capitulation based on fibs. If this plays out similarly, we're looking at dropping to 34k-37k for a week or two before making a run up to about 100k. March was likely the month to play out bearish anyways, so look for a bottoming signal coming in within a couple weeks. See related...
Follow for more extremely helpful BTC TA check out related ideas for actual TA such why 265k is the cycle top
According to every cycle since inception, Bitcoin has repeated some not-so-talked-about patterns. First: every cycle has had a direct hit on the 0.5 log fib as illustrated here What does this mean? Nothing to the ordinary man. But to me, it means every cycle has a distinct half-way point. How do you find that half-way point without knowing the top is...
See related ideas for complete descriptions of my the Holy Grail that I dissect & talk about here.
See original holy grail video for more literature on this.
This is pretty much the last straw before the most grim of scenarios (37k, 25k, or purely bear market) I know I've been overly bullish on the way up... that's because everything backtested so perfectly. My apologies for being wrong, and I can't say it won't happen again (but neither can anyone else..?) The gold fib lines are my macro reference lines for every...
2017's price action bounced off its June peak. Are we going to bounce off the August peak? We're sitting on five similar characteristics :(1) diagonal trendline, (2) 0.618 fib level, & (3) 53k massive support level, (4) August peak, & (5) 150D EMA. Timing was looking similar as well until November didn't perform as anticipated even those establishing a new...
Based on fib structure, we should at least reach higher yet into the 70ks before capitulating. Based on the timeframes & the Daily 50, we're retesting the 50 just like in November of 2017. If a September of 2017 plays out, I expect we reach down to 53k. If November of 2017 plays out, we should be launching very soon. Time will tell.
We’re creating a bull flag that should result in a push to 72k -80k. Reversal imminent
OMG went on a run only to get nuked into a region of heavy support. BTC is expected to drop a touch before continuing back up, so I expect OMG to drop a touch as well yet before going for another hike. Good time to get in.
I've been searching long & hard for where exactly we are in 2017's cycle. The behavior looks very familiar. The timing of it all is a bit slow. Based on the 3 structures of fib retracements I've placed in exact comparisons to 2017, and we're clearly sitting again at the macro log 1.618 ( gold line) fib. The other fibs are there to make sure everything is to scale...
TA - forming a classic bullish pennant that simulates prior crypto market behavior (green box). We saw this fractal after a 30% retrace in January followed by confirmation of a bounce. Once we confirm this 13% retrace bounce, we'll see alts fly. With the likely price surge to at least 75k-100k in the next month (see related ideas) & the market showing signs of...
ADA is grossly oversold against its Bitcoin evaluation. We've only seen this daily RSI level reached 2 times in the past. There isn't an argument for the price to follow what happened the last two times as they were on the backend of the 2017 bullmarket. ADA is at a bearmarket price, and that's where smart money invests. ADA has one of my highest confidences...
As you know, I'm always trying to find things that happen in both 2013 & 2017 before having conviction that what we're seeing is nothing different than before. Since the reversals as the beginning of each chart shows, we've been following a pretty well paved path. The current pullback seems to remain along that path. Similarities: 1: As we test & play around...