Despite the popular opinion that Bitcoin is going straight to the moon. There are many warning signs in the chart that are not to be ignored. $45-$50K incoming before lift off in my opinion. Every 2nd time in a Bullish cycle that the Stochastic RSi drops below 67 level, what does history tell us about what happens next?
Fed up with Gold bugs continually saying what a great store of value Gold is compared to Bitcoin. Let's take a look when we consider the M2 classification of monetary supply (inflated money supply adjusted value)
Natural Gas looking promising and very Bullish - makes sense with winter's colder months coming!
🚨PLEASE PAY ATTENTION❤️ $BTC - Bitcoin 3Day 2018 RSi comparison Please keep an eye on the RSi on the 3 Day timeframe, you will note that it is currently at a level comparable with the Nov 2018 breakdown (which resulted in a 52.09% downside move). I have marked the 2018 RSi breakdown level in turquoise at 43.67 and you will note we are currently below at...
A Powerful and highly accurate indicator has now fired on the Bitcoin chart - The Hash Ribbon Indicator The history of the Hash Ribbon indicator provides and interesting insight in the potential Bullish move that could be just around the corner. As you can see from the chart, the indicator does not necessarily mean the bottom is definitely in, but it is fair to...
Interesting to see, every time the the Bull Market support band crosses below the 50SMA, there is a correction in excess of 55% and even up to as much as 70% The depth of the correction appears to be becoming more shallow as the Market matures ETH / BTC losing key support suggesting the downward pressure will continue and Alts are not the place to be for the...
Several signs suggest we are already at or close to a temporary bottom. The low Bitcoin prices at $22-$24K range are not due until towards the end of this year according to previous cycle comparisons! Summer Alt Season followed by actual capitulation year end is my opinion. Watch for everyone being super Bullish as we get back above the Bull Market support...
Alt Season still shaping up nicely for the summer in my opinion.
Interesting to see the downward pressure building - are the sellers exhausted or will support be broken? I think the capitulation candle is near and it will be nice to see it over and done with. Classic Wyckoff Accumulation in effect right now, collecting up the liquidity from the Short AND the long positions before lifting off into the Summer Alt Season ...
$DXY - Savage looking Bearish Divergence forming on higher timeframes! Dump of the DXY should translate to nice Bullish price action in traditional markets and our beloved Crypto. Bitcoin capitulation is still possible as daily support levels are starting to be lost. Summer Alt Season to follow on from this
Whilst I still believe we will have a nice Summer Alt Season, the back end of the year is looking to create new lows before the start of the next cycle and lead up to the next halving which is currently estimated as May 2024. Trade carefully all, any pumps will be short lived with a max of $56K-$58K followed by the decline.. In the summer Alt Season - Take...
$AXS - breaking out 👀 Next Bullish move incoming New price target on the chart
Please see my Youtube video for further clarification Bitcoin Back Testing - RSi Daily TF Take a look at what has happened throughout the recent season of highs $65K and $69K when the Rsi approaches or crosses the red dotted line on the chart indicator, then compare where we are now 👀😬 Please protect yourself and buy back in at a discount 😉
Bullish breakout - Gamestop Partnership confirmed! Hold on to your seats
Bitcoin - Fresh Eyes 👀 Summary - 4hr Timeframe ✅ Golden Cross ✅ Above EMA Ribbon ✅ Above Ichimoku Cloud ❌ Above Bull Market Support Band Weekly Timeframe Prices: 20SMA $45,300 21EMA $43,600 50 SMA $45,850
Bullish chart coupled with a Coinbase listing on 24/03/2022 = recipe for some gains?
Zoom out and take a look at the bigger picture but this short term target is a nice Scalping opportunity as price breaks out of the descending resistance and above the local high (4hr Timeframe)