Hi All, If I'm not mistaken, BTC is about to go bullish, if GOLD has anything to do with the relationship. I have 2 point of interest for entry. 7450-7550 or bottom of the channel (to be retested). In my next post I will explain what are the 2 significant point of entries. GOLD TA...
Many have in the past have compared GOLD and BTC movements and claimed BTC lags GOLD. ** This 4 HRLY Chart shows something of that effect** Just keeping it simple, one can see that >After GOLD has done its peak, the 2nd 4 HRLY candlestick occurred at 13:00 based on my time zone. >With BTC, after its done its peak, the 2nd 4 HRLY candlestick occurred at 15:00...
Hi All, I hope all of you have done well, even the XRP stubborn HODLers.LOL Looking on the daily BTC dominance chart, we are in an uptrend on the macro level. We also have a large ascending triangle formation, meaning we are having a continuation pattern to the upside. Question is when will it break out of this pattern, to the upside? Soon I would expect a...
Below are some of my observations\hypothesis and the rest I leave to you to come up with your conclusions. In my opinion, until major Dapps are released or adoption, ETH will not perform and its better to have BTC in the following years. Enjoy. Please give a thumbs up or a like if you agree or just appreciate the effort. Regards, S.Sari /CryptoProspa ETH Daily...
All I know is until we have a daily close above the 8K, don't assume anything. I will review and republish some bullish and bearish scenario's for we are definitely in a complex structure, a rubic's cube. For now, 15 min chart Scenario A - close above 8K Scenario B - close below 8K
Hi all, ** Note: This POST is only about the MACRO level. > After looking at the bottom and drawing some trend lines, it occurred to me that we possibly have a "DIAMOND reversal trend" , at the Macro level. > Beyond what most have have accepted and pretty much confirmed is that a inv. H&S took place, which is not the whole story. > FYI I define inv. H&S as a...
This post is a continuation and correction\tweaked\refinement from the previous post below.
Looking at the chart, we see BTC dominance droping while many ALTs are doing a bounce from what looks like they have reached the bottom. Other coins that have been recently released will follow a different path. Thoughts: > BTC dom. to continue dropping until BTC stops moving slowly and indecisively > Drop target mid 68% > I would think another 2 to 3 weeks of...
The following are my short list to keep an eye out for, including LINKBTC Mostly to go short and some potentially to go long. ADA\Cardano (USDT) > 4 HRLY Chart BAT (USDT) > > 4 HRLY Chart BNB (USDT) > 4 HRLY Chart Chilliz (USDT) > 4 HRLY Chart ENIGMA (USDT) > 4 HRLY Chart LINK (BTC) > 4 HRLY Chart GoChain (BTC) > 4 HRLY Chart EOS (USDT) > Daily...
Note: This post is only focused on micro moves Continuation of the previous post Observations: ================ > Bitcoin price is gaining traction above the $7,400 and $7,500 resistance levels > Approaching strong resistances starting with $7,640 and up to $8,000. Thoughts: ================ A continuous failure near $7,700 and $7,800 could spark another bearish...
I'm starting to lean more and more towards that this ranging level is it, that the low 6K's are off the table for some time. As one can see that the 7K is being defended well, refer to 3 D chart. Its still too early to say when to go long. One step at a time. PS> Gold is still performing well and hence why I think, BTC will follow suite. Gold reference below...
Keeping it short: My Thoughts: > This last 4 HRLY candlestick is a BEARISH move and is not one we will recover from until we reach my short term target (explained below) > The next logical target has been given once we dropped down past what I feel was the price confined channel (defined by the black lines). > The RSI also supports my model, that this channel was...
Who knows how ETH.USD will be in the near future? >Many including me are in the belief that ( unlike BTC ) we have yet not finished the first bear market completed for ETH and many ALTS released in that period. We have only had a price rally. >And just like bitcoin, we need to see the bottom of this bear market end to have some reference to go by. >So for now,...
Suspense and excitement is what it is. Coming to the end of Y19 and we have such a scenario that BTC can go any direction. If we fall short to create the inv. H&S, we have the possibilities to go very bearish. If we make it above a critical line, we have the other. I do believe though the longer is goes sideways, say another 2 weeks and it stays above 7K, the...
We have a no. of indicators or elements telling us that this can be a good entry. Observations: a) Main support level is holding (at point D) b) Bullish divergence indicated on 3 indicators, on the 4 HRLY chart c) Formation has confluence with Gartley Harmonics d) BTC is showing sideways movement and hence many ALTs tend to go up in such situations e) On the...
Both WAVES > USDT and BTC Pairing are doing well. Observations: > Both charts had a spike in volume since the bounce off the bottom and its likely this will continue > Price respecting Fib Level extensions. > DAILY Candles look good with lower highs on both charts > BTC still going up and holding in the short term, not seeing volativity and hence ALTS usually go...
Many countries have been accumulating gold, China, Russia, Germany, Turkey, etc Observations: On the weekly > One can see from the chart a bullish formation has taking place in the form of a cup or cup and handle or Inv. H&S. On the daily > Downward wedge with a breakout in progress. Note: There has been many discussions how people have linked the price...
Its difficult to explain gut feel and as well as its difficult to explain what the difference between knife edge = bottom is in. Hence I might do a video explain why I think the bottom is in and its time to go long. Am I 100% convinced, you can't. Am I 70% convinced, yes. The other bit to the puzzle is "GOLD" price movement. If you follow my posts, you will see...