Just looking at BTCUSD charts on a rainy Sunday afternoon, when I noticed a similar pattern on the current 4h chart and the end of the cycle #3 daily chart. Current is local bottom being made and the other was a cycle bottom being made. Either way, human psychology was behind both and the reaction is very similar so...
I have felt confident that I would know when to buy at the start of a new cycle, but the question of when to sell has always left me feeling clueless...until now.
As an example, I am using the ETHUSDT weekly (main chart in this post) and the ETHUSDT monthly chart (see attachment below). I believe this startegy can be applied to most cryptocurrencies; providing...
***the chart refuses to stay in postition. I have tried 7 times, but after publishing, the horizontal lines are still in the incorrect place. Drag the screen to the left and they will go into place. See below for accurate screenshot. Annoying! Anyone know how to fix this?
I am not sharing any more personal analysis starting from today. Reason: You can't find...
No big revelations, just an interesting observation.
What can we know from the RSI?
The RSI is a momentum indicator. Looking at the daily RSI and price during the last market cycle (#3), it looks like there was a consistently strong up trend through-out the bull market and although there were corrections, this did not "stall the engine" . This time there...
BTCUSD has never seen more than 6 red/green candles in a row on the monthly chart in its history.
Bitcoin has been on one helluva run, now it's time for a "healthy correction". Not to worry, it happens in a bull market so relax with knowledge.
What can we see from the weekly BTCUSD chart?
During the last market cycle, 875 days after the cycle began, BTCUSD...
I have recently been made aware of the beauty of the Gann. Needless to say, I am now a fan of Gann fans...I guess that makes me a Gann fan.
I have literally only just started learning about Gann fans and fib retracement so take that chart with a bucket of salt. All those lines are support and resistance as far as I can tell; nothing magical, well, it is...
4th market cycle potential maximum ATH prediction: $101,931 (MC: $1,752,636,750,000).
Why use market cap data to help predict future price?
Small market cap = a little volume can move price
Big market cap = needs a big volume to move price
Increase by Market Cap
Bull 1: x801.7
Bull 2: x754.3 was 6% less than Bull 1's x801.7
Bull 3: x118.6 was 74.3% less...
As my ex-stock market trader boss told me a few years ago: "it always tests twice".
A clear comparison can be made between the gold monthly and ethereum weekly charts; human psychology never changes. We can see very similar patterns on different time frames in different markets; fascinating.
Looks like ethereum is heading upto the previous ATH of $1,383 and the...
Just noticed this on the weekly so drew 3 lines and here we are. The 1st one presumably doesn't hold much water, but included for consistency.
So will price follow the pattern and rise above this trend line then use it as a springboard to moon to $1 gazillion dollars? Of course because TA has never been wrong.
This is more of a fun short term prediction as all of the previous short term prediction charts have been around 100% wrong; so let's see if the glorious form continues. No explanation needed, unless you don't have eyes, but then you wouldn't even be reading this right now. OK, that's enough of that malarkey.
See you on the moon.
What can we see from the BTCUSD weekly chart?
1. Price is below the 21 MA ( bearish )
2. The MACD is below 0 and heading south ( bearish )
3. The RSI also looks like it's going to down and go into oversold territory ( bearish )
Price will return to test $5,800 level, thus taking RSI into oversold; this will be a nice time to buy...
After a few weeks of watching numerous YouTube videos of how to draw support & resistance (S & R) zones and learning why they are arguably the most important part of technical analysis , I have spent 8 days straight making this chart.
Here is the latest video from my new favourite learning TA channel, they have quite a few on the subject:...
Thought it was high time to update this ol' classic.
+ the RSI , which as you can see times the bottom perfectly; it really is all you need.
+ historically, the price has always come down to touch the 7MA during a bull run so history suggests either a) price to go a little lower, right now the 7MA is at around $8,000 and rising and support is...
OK, OK, that title was a little click baity, BUT not without good reason, I hope.
It's a monthly chart this time, but also very simple.
Let's get straight to the point:
Long term trendlines stay intact, i.e. the price always comes back to the long-term trendline...until it passes the previous ATH (all time high), then it flies away like an unruly kite in a...
Buy the dip? When is that? What if I buy then there's a bigger dip? How do I know there'll even BE a dip? Have I missed the boat?
Relax. I know history doesn't repeat, it haikus blah blah blah, but if we CAN'T use historic data, what else can we use?
So today's chart clearly shows good times to buy when the RSI is under 40 and the price is under the 50MA on...
OK, I felt compelled to make a chart labeling all the relevant points that came to my attention recently in order to predict bitcoin's next move.
I have included all key indicators that I personally have found helpful since I started this charting adventure around a year ago.
+ bitcoin is oversold AF
+ everyone in the crypto world who wanted to...
For the average investor who has limited knowledge of TA, it's common knowledge that dollar cost averaging (DCA) is the best way to buy bitcoin.
When to buy?
Most will say: "It doesn't funking matter because looking back in *insert future date*, the current price of bitcoin will be considered so cheap and you would be crazy in the coconut not to buy right...
I though it would be interesting to compare similar parabolic moves in Bitcoin's past and see where they corrected to regarding two things:
+ RSI level
+ Support & resistance zones
Simply put, after such a powerful move up, there is a good chance of the RSI going down below 40 before rising again
Support & Resistance Zones
As you can see, the...