MyNameIsEmrah

MyNameIsEmrah

The Bitcoin chart's linear regression channel presents a compelling narrative of market behavior, perfectly illustrating the strength of the current trend. The channel, marked by parallel lines that encapsulate the majority of price movements around a central regression line, serves as a visual benchmark for Bitcoin's price trajectory. A critical aspect that...

MyNameIsEmrah Updated 

Based on the technical analysis of the Bitcoin chart, we observe that the impulse beginning on January 23rd reached the minimum correction level of a 0.382 Fibonacci retracement on April 13th. This movement has initiated the formation of what appears to be a bullish flag pattern. The impulse range is approximately $35,000, and with the flag's bottom line currently...

MyNameIsEmrah Updated 

Boring times in the crypto market so great opportunity to analyze deeper than usual. What I have found is that when BTCLONG crossed above RSI 50 level (monthly close March 2021), a long squeeze followed and it is still going on since April 2021. With monthly closure of November 2022 BTCSHORT will close above RSI 50 so I wonder whether there would follow a major...

MyNameIsEmrah

Same idea as on November 7th 2022: 'The end of the bear market: a comparison between 2nd and 3rd cycle’s bear markets and the start of the 4th cycle’s bull market'

MyNameIsEmrah

I found that the sentiment is bullish if downtrend break out on logaritmic scale at the same time volatility and rsi cross up 50 level. Although RSI should cross up volatility too which did not happen yet. Also if I draw the trendline from the close price the break out will not occur yet.

MyNameIsEmrah

Omg, is it really happening, with one month delay? For details please see idea published on 24th of September last.

MyNameIsEmrah

The end of the bear market: a comparison between 2nd and 3rd cycle’s bear markets and the start of the 4th cycle’s bull market It should speak for itself. Although I would like to highlight some choices I have made. Instead of using indicators in default settings, it is better to understand how the trend develops, from the top and the bottom as the center. In the...

MyNameIsEmrah

Original idea has been published on 25th of September. This time I have added a ghost feed so it is exciting to monitor.

MyNameIsEmrah

For description please see my previous idea 25th of September last. I had to re-publish because the RSI indicator does not update in my previous idea. In this I have included altcoin dominance as well!

MyNameIsEmrah Updated 

A finfluencer said today on his Instagram reels: 'On the topic of Bitcoin dominance ( CRYPTOCAP:BTC.D ) I really dislike this metric. I don't think that is very relevant any more. The reason why I say is that because 1. it includes stable coins, which stable coins have an enourmous market cap and continue to grow as market matures. The issue with including all...

MyNameIsEmrah Updated 

Every time DXY crosses up inflation line ( ECONOMICS:USIRYY ), it caused big dump on Bitcoin (the momentum is after the announcement of the inflation , see dates in graphic). In October 2020 (crossing happened on nov 12th), this failed because it happened below 50% level which is less significant. Next announcement of the inflation will be on October 13th, hold...