Primordial

Primordial

Historically, the ends of the last three BTC bear markets have shown a strikingly similar pattern, especially in relation to the Fibonacci retracement levels. The 0.618 Fibonacci Level: A Key Indicator The Fibonacci retracement tool is widely used in technical analysis to identify potential reversal levels. The 0.618 level, often referred to as the 'golden...

Primordial

This is a critical time for BTC. A rally from DXY here may be a catalyst for more significant downside for BTC, potentially fulfilling the bears wishes for 10-12k BTC.

Primordial

The DXY may be on its way to revisit the bottom of this channel. Maybe some small reprieve from the over-extension.

Primordial

I don't think anyone would argue that there aren't rough times ahead. This spooky correlation on the weekly is just one more signal to add weight to that assumption.

Primordial

Watching for a bullish break from this diamond bottom.

Primordial

A creative use of SMA's & Fibonacci multipliers to give a highly effective indicator for long term hodlers. Credit to @Ocnad for the indicator

Primordial

While I'm optimistic for a continuation of the rising channel, the outcome from the FOMC meeting later today is likely not to be favourable for the bulls.