dudebruhwhoa

dudebruhwhoa Updated 

The US Dollar Index TVC:DXY is negatively correlated with the macro Bitcoin BNC:BLX chart. Indicators like the Correlation Coefficient indicator will display swings from negative to positive correlation between TVC:DXY and $INDEX:BTCUSD. This can lead to a belief that they are not in fact negatively correlated. But, when you zoom out to a macro view of...

dudebruhwhoa Updated 

TVC:DXY has formed a Quasimodo pattern that is near completion of its right shoulder. Once it crosses ~105.9, expect it to continue up towards ~112.5 and then ~116. This is the scenario I expect will occur, and I am hopeful that it will take as long as I've drawn but it could occur much more rapidly. The longer it takes, the better chance we see extended...

dudebruhwhoa

Zoom out on COINBASE:ETHBTC to reveal an H/S inverted that hasn't yet hit TP 1 or 2 and is re-testing its breakout. For a more conservative set of targets (purple), it consolidated around TP 1 and is now re-testing its neckline. Conditions for success: remain above the yellow and/or purple necklines.

dudebruhwhoa

Should this play out, it could see a significant run up against Bitcoin. Presently the lowest wick on this 3rd bottom hit directly in the center of the previous two. It may continue lower beforehand, or it may already be done bottoming.

dudebruhwhoa Updated 

Unbiased scenarios for DJT media of Truth Social, based on simple conditions of holding or losing a neckline at 32 bucks. Below $32 = Bearish: A weekly close below $32 that isn't immediately recovered in the following week likely means it is headed further down towards 12.50. There is an unfilled gap around ~17.50-18.50, so at the very least it could revisit...

dudebruhwhoa

Yearn Finance CRYPTO:YFIUSD may perform similarly to Chainlink CRYPTO:LINKUSD , or vice versa. Their structures are near identical. YFI has persisted longer in its range than LINK and may see a stronger breakout as a result. Conversely, LINK could follow YFI instead and drop back down to its prior range after its breakout held for some weeks, where YFI's...

dudebruhwhoa

Very simple - a classic cup and handle formation, already confirmed and re-testing a breakout: - has already broken out of the handle forming a 2nd smaller cup - and since broken above and held above the weekly cup's neckline It has held above for several weeks and is now re-testing that neckline. Targets are TP 1 and 2, measured from the length of the...

dudebruhwhoa Updated 

Bitcoin Dominance may be topping out here - a possible triple-top. Meanwhile many alts are bottoming vs. Bitcoin. A couple of examples shown here in contrast with CRYPTOCAP:BTC.D are BINANCE:ETHBTC and BINANCE:HBARBTC which may also be forming triple bottoms. This could occur as soon as next week. Other possible scenarios could be: Scenario 1:...

dudebruhwhoa Updated 

A "What If Chart" - what if we are repeating the same pattern that made the two 2021 tops to the 2022-23 Bottom, on a much larger timeframe. The highlighted area is copied and expanded using the bars pattern tool and overlapped with present price action, starting from the last lower high in 2021). This is a bearish scenario where we are presently making the end...

dudebruhwhoa

Very simple: Two Adam & Eve double bottoms repeating leading into confirmation of one giant Adam & Eve double-bottom with a price target in the long-predicted 2-5 dollar range, presently measured at 3.78.

dudebruhwhoa

Ford has broken out of two falling wedges, targets for both shown on the 2 weekly chart above, and should be headed back towards its January of 2022 highs. The smaller falling wedge and the larger one have measured moves to TP 1s that sit just below ($22.80) and above ($29.20) its January of 2022 highs ($25.87). If it can break and hold above 26, TP 2 for both...

dudebruhwhoa

If Bitcoin is unable to get above the bottom of this long-term rising wedge, the top may be in when it fails to reclaim it upon re-test. It could still go as high as 85-106k, or even higher the longer it takes to reach wedge bottom. Given this turns out to be true, when this top is finally in we may see the deepest and longest correction in Bitcoin's history,...

dudebruhwhoa Updated 

Was asked to look at this one by request, otherwise not super familiar with this chart but am familiar with the token. A quick and simple take on QNT's weekly chart, showing the daily 50/200 EMAs: Long-term, Quant looks like it exited a triangle with a bullish breakout back in November. It has since re-tested and remained above. Some confluence for this is...

dudebruhwhoa

DOGE broke out of a weekly wedge that targets 94 cents. Logarithmically, 94 cents is quite near its previous ATH. This could suggest it's headed towards a double-top with a slightly higher high just under or just above 1 dollar.

dudebruhwhoa

Alt dominance formed something that looks a lot like an HSi with a very small right shoulder, which broke above its neckline and successfully re-tested, confirming the pattern and targeting 16.6%. See the white drawn pattern and its white dashed neckline on the chart. The same area of breakout and re-test from the smaller white pattern is forming another...

dudebruhwhoa

Should Bitcoin Dominance fail to reclaim an old neckline at 57-58%, it will likely drop back down to its recent lows and continue down to make a new ATL just below 35% Presently, Bitcoin dominance may fail to get above 54.09% on the weekly chart, after losing its uptrend and getting stopped 3x. If instead it does get above it, it still has to reclaim the...

dudebruhwhoa Updated 

Here's an idea to support the possibility that BINANCE:HBARBTC may be ready for or have already begun a reversal that is potentially headed towards a new ATH. HBAR ended its second run vs. Bitcoin with a slightly higher new high, giving it a flat top. Since correcting, it has formed what could be a strong reversal at a low that is parallel to its previous...

dudebruhwhoa Updated 

HBAR recently saw a failed breakdown its 4h falling wedge (dotted) and its daily falling wedge (solid). Since then it has risen back to wedge top, breaking wedge top on the 4h and now attempting to do so on the daily. We also saw the largest daily green volume bar ever printed on Coinbase when it moved back up into the wedge, though that is likely somewhat...