Bitcoin Monthly TF Analysis
Historic RSI Trend
January 2, 2021
Taking a look at the Bitcoin Monthly Chart, shown here as Brave New Coins BLX Index, it becomes incredibly clear why the 1M Trend is one of the primary indicators many should be tracking on a macro level.
With the price sitting at a lovely $30k, we are now reaching new highs that...
In November 2020, Bitcoin rose to a local high of $19.5k USD, challenging the all-time high set in December 2017. The run to $19.5k in 2020 occurred after a March low of $3.5k, and was highlighted by an impressive jump from around $10k-$19.5k in the Sept-Nov months.
Look for these ranges listed below. Support ranges 2-3 will put this period...
$100,000 BTC should be in the back of your mind if it isn't already. Scoffing at the idea? You aren't alone. But with price sitting at $16.6k at this moment, and a historic tendency to break all-time highs after reaching them, one has to consider the logic on what the next trend high looks like, as we approach the current all-time high of $19.5k.
Evaluating the historic change in the VIX from the 1992, 1996, 2000, 2004, 2008, 2012 and 2016 elections we can see that Q4 of each election year is a downtrend and results in lower volatility until the inauguration in January of the ensuing year, regardless of the result.
**CLINTON ADDED To chart AFTER POST PUBLISHING**
Will 2020 be different?
Initial 6 months after each event, the % gained over length of time is eerily similar.
There appear to be different structures of uptrend after each the 2016 and 2020 halving events, but the percentages and over the length of time are noticeably similar in their result.
As it stands, it's agreeable the numbers are at least similar. BUT, If Bitcoin...
ETH-USD appears to be on the verge of a macro trend reversal and will confirm the trend change with a higher high or reclaiming of $300 price levels.
Chart includes description of the
Buying Climax from previous uptrend
Selling Climax in previous downtrend
Buying/Selling Reversal thereafter, confirming potential trend change
Follow details on chart...
Short - Medium Term Analysis
Look for potential rise out of NEO as it retests the lower portion of its weekly res-zone.
If blocked, a dip wouldnt be unlikely on NEOBTC from its current price of .00112 sats, with strong support located at its weekly low-bband at .00109 sats
Any bounce up from these zones will retest its weekly resistance around .00124...
Bitcoin , sitting at $9500 at the time of this analysis, is sitting on the uptrend side of the Bollinger basis, and all micro frames < 1D showing indications of continued buying support.
This analysis is clear cut and suggest BTC will soon be above $10k and potentially half-way to $20k by the time we get though August. The summer is usually a dead season /...
Looking at LTC heading into the upcoming week of April 20th - price currently at $42.50.
Consolidation down at any point needs to stay above $37. If that breaks, we're looking at a massive dump to sub $35
Bull continuation looks probable, and $45 would be the only threat before we potentially climb as high as $48 by the beginning of May. this could likely...
Evaluating BITSTAMP:BTCUSD on the 1h, 1D and 1W TF's
Completely ignoring the debate about the relevance of the incoming BTC Halving and its potential impact on price action, here's the micro and macro picture for Bitcoin as we head into the last weeks of April.
At the time of this post - BTCUSD is ranging from $6.8k - $7.2k in attempts to recover from the...
The buzz around Twitter implies BTCUSD is ready to start climbing again, and at first glance at the daily chart, it's easy to agree. But lets take a look at the higher frames, which ultimately win 9/10 times when it comes to incoming moves.
Buy volume is typically generated in one of two ways
White Swan News Event
Massive price dump
As of the time...
Not much in-depth analysis here as its a fractal that caught my attention. XRP not showing much movement through this entire market uptrend in 2019. ranging within 100% of itself (.26-.45), while other 'major' high caps are anywhere from 3-5x for the most part.
Call it controlled, call it manipulated, it doesn't really matter....it's been here before and we've...
ETH confirming its higher high earlier in the Spring, and now showing a higher low as well, each being a basis/criteria when identifying an uptrend. Technicals not needed for this one - AMAZON is in Ethereum. There is a grade of Ethereum being developed known as 'ENTERPRISE ETHEREUM'. Fundamentally speaking, it is not going anywhere. Technically speaking, I expect...
Wanted to take the time and point out what may not be the most obvious aspect of the BTC RSI right now - Ive noticed a growing 'beginner' follow base so if If unfamiliar with the concept, I suggest looking at investopedia or other online resources to familiarize yourself.
Looking at this 3d chart shown I have 4 indicators on the chart - MGv6 PRO (visit my...
TLDR: Litecoin is consolidating above major resistance, and is in a Bullish Uptrend. Halving coming up in August. Incredibly obvious buy sign. Don't ask why, just notice the previous trends. Itll do you favors.
Technically speaking, the BBands show supports at $52-$58.00 range in the event of major breakdown or tree shaking, however, the current period low of...
This will be less educational - and more of my interpretation. To address any questions on the Indicators use, its heikin ashi candles, with Kelt-Bollinger Combo (KBC) & Market God Indicator. Each the KBC and Market God 5.3 can be found for free in the public library by searching the respective terms.
My bias: Bullish
I will also include levels of support in...
Really liking MANA from these levels.
Could see attempted break from down trend/channel
MACD showing bull divergence, indicating increasing buy interest
Historic bounce level from these support zones
Historically these uptrends are 70-100%+
The method / strategy I apply to charts is far from in-depth TA (such as Elliot Waves, Gann, Wyckoff, etc), yet its simplicity makes it quick and effective when in a position or looking to make a quick swing/scalp.
That said, there are progressions and trends I'm aware of that exist on every time frame. The same logic applied on this 12M chart is the same logic...