yupyupyup

yupyupyup

I get that it's over extended on monthly EMA's....but look at the MACD breaking out now of that resistance line. If the DXY has bottomed.....then wouldn't it make sense to test the .618 retrace BEFORE GOING TO NEW LOWS????? That's generally how assets behave....Bulls on DXY are targeting the .618 for sure. Good luck DXY bears!

yupyupyup

We are busting that trendline to the downside. VPOC on the weekly is at the top. We are now below the monthly VPOC. The amount of bagholding on this is going to be almost incomprehensiible. www.shuswaphomes.com

yupyupyup

This looks a little more optimistic than Btc but still will fall into the negative price ranges at the end of the wedge

yupyupyup

Measured move from this Hns is $120. Confluence with bottom bolli band

yupyupyup

retesting a key support and resistance line. Way over its daily vpoc

yupyupyup

Can BTC go negative like OIL did in 2020? Guess we'll find out!

yupyupyup

I mean bulls wanting more than the VPOC here? At the MACD resistance and at RSI 60 on 30 minute? Is the era of degenerate buying and speculation of a bullish market finally over?

yupyupyup

Hns here at neckline support. Price hit VPOC coinciding with neckline of previous Hns and got rejected in the worst sell off of 2022. I think price just noodles around for a bit here and waits for Ema to catch up. I think after quad witching we start to see the next move unfold

yupyupyup

I don’t have the words for how ridiculous some peoples expectations are for this market. Friday and Monday were pumped on low Valium based on speculation that inflation magically got better. I suspect we dance around the vpoc for a bit before the market starts to crunch all hopes and dreams for bulls. We might have to wait until after quad witching tho

yupyupyup

LOL the next bollinger support on the daily timeframe is at or near zero. Thats where the falling wedge ends as well. Good grief! With more expensive electricity that means miners will have to charge buttloads for transactions let alone mining for a loss.....They will just take the L on their equipment and move on. Also Tether is only 2-3% backed.

yupyupyup

Yeah this would have been nice to map out during that short squeeze during the summer. As we can see AAPL is losing strength against the dollar and I suspect its in an impulsive structure to the downside.

yupyupyup

I see lots of posts about bullish RSI divergence and yet the MACD does not verify the bullish divergence. If the support line breaks look out below. Is it really worth going long to 4120?

yupyupyup

wow yeah that middle bolli band would seemingly be the next target and it could be coming up real soon

yupyupyup

The only thing bullish I can say right now is that the A/D has not created a divergence YET.....but we can clearly see the divergence in the MACD and the RSI. The A/D is in a rising wedge however and we all know how those tend to play out....

yupyupyup

This one is for all the 30k+m bullies out there. I guess you sold the pump already but hey better luck next time!

yupyupyup

The RSI support since June looks to break today. A/D at a very critical spot for a rejection off of the previous trenline. The MACD is in compression mode in a wedge formation looking for an expansive move. Bulls have to do the impossible here IMHO and anyone going long here is praying that JPOW pumps $$ directly into the veins of the market.

yupyupyup

MACD in desceding triangle. RSI support looking to break here and go lower. PT 20k early SEPT.

yupyupyup

VPOC on 4hr lines up with .618 retrace level. A/D at the top of the channel....will distribute to lower channel. RSI wedge compression looking to resolve. Mid OCT puts for this move.