BitCapJNY

BitCapJNY

IF THE BEARISH 5-0 HARMONIC PATTERN IS NOT VALID: BULLISH SCENARIO: THEN Price may reach $58.19K -or HIGHER.  **follow up to previous idea. This fits the chart extremely well. With the rumors of a BTC spot ETF getting louder by the day, returning to the idea of Mr. Livermore's "Speculative Funnel" pattern seems appropriate. **ALL SCRIPTS ARE MY OWN...

BitCapJNY Updated 

[ ] The "Potential Reversal Zone", or PRZ -is between the 50% fibonacci retracement level at $32.66K and the 66% retracement level at $41.51K. -----THE WHY--------- [ ] ((the primary tool in all of my technical anaylsis is the use of the "golden ratio" in forecasting 'pivots" as the 61.8% retracement level is the primary guide. The 50% and 66% fibonnaci...

BitCapJNY

They're just arbitrary patterns. Lines on a chart. NVIDIA looks bullish though. Micro too. TOAST.. haha. You guys like memes?

BitCapJNY

The price of bitcoin is in an important range right now -a breakout above $17.334K and things could get interesting. If price pushes above the $19.2K resistance, or the downward sloping resistance -top trendline of a falling wedge pattern that began on 18JUN2022 -I would expect to see a test of the $21K resistance, with a breakout above = price headed towards at...

BitCapJNY Updated 

Just for fun. :D Inverse sine function to calculate ascending spherical ranges (range of time and price), based on the assumption that fibonacci progressions are true. Arbitrary or not. Confluence with fibonnacci and Euler's for S/R. Seen this before anywheres? Looks neat if anything else. How do we hibernate until 1939? -JNY

BitCapJNY

BLX 3M. ^10 charts only over here. A bottom here near $6.8K fits beautifully. Bullish fibonacci levels. We could very well be living through the most important time in bitcoin history. 1:1 is pretty high up there. Whoa. Could be. .. Just an idea.r

BitCapJNY

Wyckoff distribution is so very painfully obvious. I thoroughly enjoy when the big swingin 🍆's with giant piles of cash don't attempt to hide their tracks, because they don't think they need to.. and normally, they don't. Most countries cannot compete with trillions of dollars in capital that's also likely leveraged. There's not a doubt in my mind that the...

BitCapJNY

Should PA break below $32K with volume, then I'm seeing a lot of confluence at $21.872K and $16.141K WURST CASE SCENARIO (or best, depending on how you look at it): $8.871K IDK about you guys (n gals), but I've been waiting for an opportunity like this ALL YEAR. Some important dates to consider: June 7, 10, 14, and 21. Venus Mars Conjunct July 12....

BitCapJNY

A lot of coincidences in juan chart. $367.7K is a spicy top. Bring on the hot sauce. Hidden bullish divergence AF on high time frames. Patience. FibO nacci

BitCapJNY

Waiting for one more confirmation for the BEARISH BREAKOUT of this pretty large RISING WEDGE (bearish) pattern. Waiting for a bearish RE TEST of previous support (near) $59.67K. Price action may break lower here ($56.8K), if so -will need to re think this plan. I would take a SHORT position on the RE TEST, however.. I do NOT short BITCOIN during BULL...

BitCapJNY

Could be. Haven't seen one in quite a long time. Would make sense considering the record open interest heading into last Friday. We'll see :)

BitCapJNY

Chart is looking bullish. Would like to see more spot exchange volume -but if you consider the liquidity leaving exchanges, the price only has one way to go... There's always a bearish scenario -especially if we see something crazy happen in traditional markets; DXY is looking bullish. Keep an eye on the 10yr rates tomorrow. Hang on -April is going to be...

BitCapJNY

There is a very bullish case to be made as well. Ask any bitcoiner why they believe innit so much and you'll have your answers. ...Traders are net short heading into the CME settlement date expecting further bearish continuation. It’s the going narrative right now. these shorts are going to get squeezed. open interest is rising on spot exchanges as well,...

BitCapJNY

I hope you're all having a wonderful Tuesday, here's what I'm seeing in the charts right now.. - Bullish momentum has slowed considerably since last week - Price action does appear to be forming a descending triangle, a BEARISH REVERSAL PATTERN - A move up to $57.5K is expected before resuming formation of the bearish pattern - Measured move of a break below...

BitCapJNY

"There exist no episodes where the bitcoin spot markets dominates the price discovery processes with regard to Bitcoin Futures. This points to a conclusion that the price formation originates solely in the Bitcoin Futures market. We can, therefore, conclude that the Bitcoin Futures markets dominate the dynamic price discovery process based upon time -varying...

BitCapJNY

Hola all. A few things to keep in mind heading into next week: 1. DXY closed last week BULLISH -while a bullish move out of the DXY will likely be a bearish confirmation, the extent of this bearish re test has the potential to bring the DXY well above 94% on the index.. a 3% positive move in the DXY will result in a LARGE correction out of bitcoin (attached...

BitCapJNY

For those that say "I wish I would've gotten into bitcoin earlier, it's too late now"... Here's some evidence of the contrary. Using historical data and fibonacci ratios of time and price.. $32 - June 2011 +32000% $1163 - November 2013 +3600% $19666 - December 2017 +1700% $370K - (late) 2021 - (early 2022) +1880% $21.3 MILLION (late...

BitCapJNY

HoLA traders. As you can see from the chart, Wookalich Ratio (BTC NVT) is signaling what everyone already knows -even though there was a "flash crash" down to $44.845K, bitcoin is significantly overbought and further downside should be expected. - Bearish Divergences present. - Monthly RSI is extremely overbought. Even though it's hard to be bearish on the...