So I overlaid Gold's chart onto BTC. The gold data is since the futures contract was released in the 70s. I am pretty shocked by the results.
Please share your thoughts and happy trading!
I put together this long term BTC chart to analyze the price action and seasonality. There are definitely some interesting data points. Check it out and let me know what you think in the comments!
Here are some highlights...
Q4 Performance %
'11 - 1
'12 - 8
'13 - 509
Check out this chart from BTC's all time trading history. Pretty interesting for sure. Are we about to capitulate to the mid 4ks to test this line and then ratchet up the line? Or will this legacy trend line be smashed like Marvel heros in Infinity Wars?
Let me know what you think!
PS - The green part...
...Which way will it come out? Stay extra frosty right here guys! There are some slight bull divergences on 4hr and below but not enough to hang your hat on unless you have a large risk appetite. Adhere to your trade plan and stop out accordingly. The way down from here could be a brutal one.
Looks like the bulls did have some pent up energy guys. Not too surprising after the 70% dip we have seen in BTC. Looks like this pull back is a liquidity break for a move higher with a low support target of 9800. Furthermore, if price can stay in this newly formed channel, get ready for some alt season!...
Bitcoin has been battling to stay above recent lows. The task has not been easy thus far. The second attempt on the first resistance line is being testing once more. Ideally price needs to close above this in the next day or so for bulls to have a chance at testing 10k and possibly break trend. I believe if we do not close...
While we wait for price action to stabilize i was looking through the last six years of BTC movements. I marked annual performance and a few other good tidbits as well. Hope this provides some value to yall out there! The chart is a bit busy and a WIP so bare with me.
This could be setting up for a great entry. Set some alerts wrapped around it or orders in and go do life. Crypto is here to stay and Wallstreet was not going to pay that December premium. =)
While we wait for price action to tell us what the crypto sector has in store for us, i noticed this pattern on XRP in 2017.
Im neutral but this is most definately interesting.
Check it out and comment!