djmorsey37

djmorsey37

Bitcoin NVT always double tops and the second top usually indicates a corrective move, however NVT has been in overbought conditions (above110) since 10 Jan 23. quite sometime, and hasn't even been close to the oversold level at 32, confirming we are indeed in a new paridigm. in my opinion, BTC isn't making a double top here and will continue upwards once this...

djmorsey37

3 minutes ago NVT is pointing to a large correction which has already started. I called the Top when NVT hit 161.12, a level I've been watching for a double top to happen since NVT hit 151.1. the top imo was 44400$ BTC, and NVT has confirmed a double top at major resistance (top of red channel) at 161.12 exactly. i beleive BTC NVT is bound to the red channel as...

djmorsey37

NVT is pointing to a large correction which has already started. I called the Top when NVT hit 161.12, a level I've been watching for a double top to happen since NVT hit 151.1. the top imo was 44400$ BTC, and NVT has confirmed a double top at major resistance (top of red channel) at 161.12 exactly. i beleive BTC NVT is bound to the red channel as stated. Slow...

djmorsey37

BTC NVT breaking a critical support level that dates back to Dec, 13, 2017, I'm very bearish here as BTC has lots of downside from here , obviously if NVT continues down here BTC price will follow, should NVT tic upwards here it would be bullish, but i"m expecting downside. I'm currently Short on BTC

djmorsey37

As expected NVT broke channel support and BTCprice dropped, this channel started on june 22nd when NVT bottomed. I see lots of downside for BTC and am currently Bearish. NVT is at a range that is fairly overbought. Obviously should NVT turn upwards that would be Bullish, and would be trending in a bullish manor. which would be Very bullish. i 'm currently bearsih

djmorsey37

NVT at critical support, Should NVT break this paralel channel BTC will follow, I'm expecting lower prices for BTC soon

djmorsey37

Yellow diagonal support line 67.6 NVT. the two opposing yellow directional arrows show a possible outcome for the bearish view which makes sense to me now, i had initially thought BTC would travel straight down to this support, but since BTC has created many new supports and resistances through the most recent Bull run there are many new levels that have to be...

djmorsey37

BTC has tapped a level of NVT interest at 103, a bounce here and a bull cross (NVT) would significantly increase BTC value to ATH, however a drop to 93 would imo indicate continued bearishness. currently scalp long, i feel BTC may accumulate and potentially continue up for a short period.

djmorsey37

I know that i've posted a lot of Bearish NVT Charts. here is the Bullish Vs Bearish Case, In order for Bitcoin to remain bullish here which is very possible i would expect another drop to retest support around 42574$. a bounce would be needed and a bullish cross of NVT would have to happen above the NVT support line (purple) at 103 NVT value. if a cross happens...

djmorsey37

maybe for Now # Btc gets some upward relief, depending on volume this could be the bottom of 4 th wave, if so # BTC goes much higher

djmorsey37

mic drop 103 bounce or die hit much faster than the market anticipated. break 103and doom for crypto

djmorsey37

Expecting a tap of 103 NVT before any serious relief in this drop if any , lose 103 and we'll see much lower prices for #BTC here is what I'm expecting, a small rally back to 568XX = to 133.9 NVT scalp, then quick drop to 423xx=to 103 NVT Short, lose this key level and #BTC no longer in a bull market, i"m expecting this level to be Bottom of wave 4 before ...

djmorsey37

If #BTC pushes higher here and NVT upslopes, one could expect a higher high incoming, using NVT as a directional indicator here. should H&S play 19% from top to neckline would put price around 44.7K and at the bottom of the NVT channel. riding Stops up Currently. ST long #BTC watching NVT closely for downtrend, but i honestly think it's looking to bounce, which...

djmorsey37

Pretty basic here hold the green line for a dead cat bounce, loose the green line and the thin blue line and BTC is in a massive correction and should bottom out somewhere in the 10k level. Bulls a majorly screwed here. Good luck everyone, if you are buying dips you better use a stop loss. I'm shorting the shit out of this, and keeping cash on the sidelines for...

djmorsey37

This signal hasn't triggered since 20 sept 2021 And with high sell volume and topping the NVT wook ratio channel at 190. this has never happened in the history of Bitcoin charting. I would think this would be good for some downside, i was originally targeting 54 k and have moved that target to support of previous channel at around 50.8K. not a BEAR MARKET ,...

djmorsey37

I expect AXS in a major corrective move here before continued upside to ATH, a correction as low as .382 fib then a small relief to the .618fib and falling as low as the .236 fib and targeting the 1.618 ,at around 220$ but not until this correction is over AXS has corrected as such after every leg up. i am currently Short AXS. good luck traders.

djmorsey37

looks to me now as if the NVT has possibly topped and The Last 3 day candle Looks very Bearish to me. however NVT can staircase here and price can still go up, corrections will happen and are to be expected at this level, I had originally thought NVT was in a rising channel, and now believe it is in a Horizontal Channel, it will be interesting to see if the...

djmorsey37

Looks like #BTC is short term bearish. Expecting a bounce off of the 20.6k area, that will ensue the Bull market back to 100k targets even higher. in the short term i remain Bearish, once NVT hits the bottom of it's red Channel Value around 100, I'm expecting a a V Bottom recovery soon afterwards where i will Long again Both Spot and most Trading accounts minus a...