This chart is a Monthly and so, to many extents, moves take a long time to play out BUT it is easy to see how Bullish BTC PA has become. The previous 2 "Cycles" have all had very similar day spans and there is little reason to assume the same will not play out again. We have reached the "normal" 80% pull back - this does not mean PA will rise from here but is...
Explanation all in the chart but the link between Inflation and Oil is all there to see but NEVER mentioned. It just make sense, as the price of oil rises, so will EVERYTHING from transport to manufacturing and retail. Over 6000 House holds goods require Oil If the price of oil is controlled, then so is inflation Maybe this is why the USA has spent decades...
OTHERS chart shows us the Total Crypto Market Cap MINUS the top 10 Crypto and here we can easily See that this is where the majority of the gains have been made , with 87 % gains compared to Bitcoins 53%. As a result, PA is climbing back over the EMA's, which when used correctly, can tell you some important things about Trends. BUT things to watch ere are, Is PA...
Will PA bounce off the 382 retracement Fib line, forming point 4 on the Elliots and then go to 5 on the 1.618 ? The interesting thing about GOLD is that it has formed the most HUGE Cup and Handle pattern and is currently in the Handle and has created the 3rd touch on the top trendline If PA followa th eElliots wave to point 5, it has broken out of that pattern...
PA for Bitcoin has been a breath of fresh air after near on 14 months of downtrend and now, as we come towards the 1.618 Fib line at $28K, we may need a reality check While the Weekly MACD is still Bullish and below 0, the lower time frames do need to chill out so as to keep some ability to push higher at a later date The 1.618 line will be a hurdle and the...
A nice simple clean chart showing how the MA's are all beginning to cross Bullish again and the Real Big one we all waiting for is the 50 ( Red) to cross back above the 200 ( Yellow), which, if current paths remain valid, will happen on Thursday 23rd Feb Also note how PA is now back above the Neckline of the FTX Crash, so recovery is complete. It has taken a...
DOT, one of my favorite coins abd Long Term Hold, has pushed up 71% since January, in the high % of Coins going over the Bitcoin 41% Appears to be getting support off MA and in fact, Support is Strong on such a good and Long lasting project. Though we may see things cooling off as we just got rejected off Top trendline. But sepending on how Bullih the market...
DXY is looking like it needs a boost, and the FED just may have given it, saying larger Rate hikes on the way PA coming up under 200 MA as well as 768 fib line likely to be resistance MACD just above 0 so has room StochRSI overbought Ordinarily I would say that PA probably range under 200 But now, well, It may push harder today before close for the weekend. FED...
Assuming that PA is following a fractal from Summer 2017, which also bounced off the 0.5 Fib entrancement after a 27% rise We may see PA continue its push up to a total of near 4% before turning over again. This would be a price of around 105 - if we get there , a close watch would be required as I am certain that the FED will be trying to support the $ in its...
One of the many things that amazes me about Bitcoin is how the Volume Profiles really do appear to be Static Look on the right of the Chart at the VRVP " Waves" going vertical up the screen, Showing effective levels of support and resistance. Note the line coming off the 2017 ATH and how it still lines up with the VRVP Wave ? And all the way up the PA to the...
Bitcoin Weekly Seems to be continuing to follow Fractal although things do seem to be pointing towards a short term rally, and that things will pull back or begin to Range shortly. RSI is as high as it was in March '22, before it pulled back sharply Be Cautious Now
PREVIOUS VERSION OF THIS POST GOT MESSED UP AND I LOST TIME TO EDIT SORRY this one should make more sense The Green box we are in currently has acted as Support and resistance for a few months now but maybe its time is coming to an end. Note the exact same day spans on the marked zones. Note that the Descending channel that PA is in, is getting tighter and...
The Green box we are in currently has acted as Support and resistance ofr a few months now but maybe its time is coming to an end. I notalso note that the Descending channel that PA is in, is getting tighter and currently, as PA remains pressed under the line of resistance, the other line Gets closer. Time is running out for PA to react and react it Must - As...
I have continued to plot points on this chart and now have also changed my idea a little. the idea is fully explained on Chart but basically, The Fib arc was valid until recently but has now run out of life. as we are now in Channel and resting currently on the lower trendline.. If we follow the previous "cycle" of approx 1400 days beyween ATH, then we are...
Much of the description is in the chart But, since Oct 2009 to the present day, Bitcoin PA has effectively be confined by a "618" Fibonacci Arc, which is part of a Fibonacci spiral. But what is more interesting is how it would look like PA has risen above that arc for the first time ever As we can see, the Arc was flattening out, PA had to react or, to follow...
The TOTAL PA is sliding down the Support nicely while the MACD cools off. Its not ready to turn just yet so we may remain like this till Weekend. The Long wicks show the battles going on right now and you can see how the 50 MA ( Red) acted as support yesterday. There is little doubt the Bears are trying hard to drop the price but the Bulls are holding...
TOTAL 3, which excludes BTC and ETH has pulled back More than the TOTAL, which shows us that Bitcoin is holding up better. However, The ALTS represented in this chart are now testing a long term support while also sitting on the 50 EMA which could also offer support The MACD is still Bearish though and this could lead to either Ranging or a drop below...
Despite the DXY strength being shown, BTC PA is holding up very well which is SO VERY Bullish.... Even more so when you lok at this chart. PA has come back down to the neckline of the "FTX Recovery" move, to test it as support. More than that, it has the 50 & 200 MA's to back it up Also the Daily MACD is nearing the neutral zone to possibly begin turning. For...