mycotoxin

mycotoxin

ETH Monthly - This looks like a Head and Shoulders with a minimum Target of 1126 . This area is also where the MA50 ( yellow line ) is on the monthly chart .

mycotoxin

Looks like a failed Bullish Breakaway Setup to me . Why ? ========= Because In a Bullish Breakaway setup during the move up the bullish green candle must close inside the body of the first candle of the move down. In this case a successful move up would have seen a close at the 37k / 38K area, but instead BTC has been rejected at the 32k area. Whats...

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BTC : CME could be moving price up to fill the Gap at 35200 and then reverse price back down

mycotoxin Updated 

The Bullish Breakaway is a 5 or more pattern setup . It usually begins up with a large bearish candle down followed by 3 or more smaller bearish candles down. A clue is the candles will begin to get smaller as they move lower and the volume also drops. This behavior is then followed on the 5th or 6th candle by a large Bullish candle up which attempts to...

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This is the BTC monthly graph. The green line is the MA20 and the yellow line is the MA50 . On the Bottom is the stochastic . If we remove the MA20 and MA50 add just add the MA13 we get the following graph now if we combine the MA13 and the MA50 we get the following graph . What is important to note on this graph below is when the MA13 and MA20 cross there...

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if BTC falls out the bottom of the symmetrical triangle id expect a move to the 27600 area. This is because BTC formed a double top prior to exiting the symmetrical triangle

mycotoxin

In a 12 hour candle symmetrical triangle - if it breaks down target is 23k and if it breaks up target is 37K The 12 hour stochastic also appears bearish and there could be a bit more downside before a directional decision is made.

mycotoxin

BTC - Possible Symmetrical triangle forming . Target for upwards break is 36.5k Target for downward break is 24k

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The following 2 CHIPS being implemented for the code upgrade. CHIP-2021-03, which introduces bigger script integers to the chain. The specification states that bigger, 64-bit integers will be allowed, and these integers will be able to be multiplied directly in code. This will improve the functionality of these contracts by allowing programmers to harness more...

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On the daily the last two very large volume bars on the bottom of the graph look like a candle mismatch. Why ? --------------- Because the bearish volume bars at the bottom show a lot of volume however the corresponding candles show little movement . ...infact if the bearish wick down is excluded on the daily then BTC only moved from 31k to 28K - This is...

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on the 2 day BTC has fallen below the MA600 support which sits at the 30K area . This area is a strong resistance area. Hence if BTC were to attempt moving upwards we would first need to see BTC close above this 30k resistance. Such a move could also then lead to the next resistance at 38k On the other hand if BTC is unable to close back...

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Last support is at 29K . This area would have to hold as if 29K breaks id expect a capitulation down to the 23 to 20k area followed by a 3 to 4 month recovery time. This would also be similar to what happened in 2018 if it plays out.

mycotoxin Updated 

This is a Similar setup as in OCT 2018 where BTC dropped below the MA200 (blue line) on the 3 day BTC then attempted to move back upwards only to be rejected at the MA50 (the Yellow line ) and then drop a whopping 50% to the MA600 In the current May setup the MA50(yellow line) is at the 43000 area . So to avoid a repeat of the 2018 scenario we'd...

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Id expect BTC to bounce at or close to the support line and the target should still be 52k.

mycotoxin

BCHBTC - Aiming for .0255 with main target @ .0661

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BTC - Consolidating and Target still appears to be 52k

mycotoxin

Ive been using ZCASH as my indicator to predict BTCs next move and its been reliable so far. ZEC is approaching its bounce spot which should be between 149 and 143 and likewise BTC should also be approaching its bounce spot.. The bounce up should be a fast move up and Target for BTC should be the 52K area and for ZEC should be the 330 zone. Now...

mycotoxin Updated 

The 42k to 41800 area is an area of good support and if there is going to be a bounce this is a good spot for it . A failure to bounce at the 42k to 41800 area can see price move to the 38K area