dudebruhwhoa

dudebruhwhoa

Possibility - SUKU could be seen as at the end of a falling wedge that has a 1.5x target which perfectly intersects with its ATH during its initial listing. A more realistic target and long-term outlook is indicated on the USD pair chart linked in related ideas below.

dudebruhwhoa

Just a quick post to show off the new HLC Area candle type, while using the less new pattern indicators from TradingView. No drawing here, just a 3-day view of the HLC Area chart using the built-in pattern indicator for an Inverted Head and Shoulders. Its target it 35k, let's follow this together and see how well the pattern indicator works! The new HLC Area...

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Possible double bottom here on Harvest Finance, initial target just shy of 100.

dudebruhwhoa Updated 

Suku broke out of a falling wedge here. Earlier charts I've posted were expecting 10-11 cents, even up to 13-15. Let's see if it finally gets there after the long consolidation from its move up earlier in the year, in January. Some confluence from the OBV indicator to support this - on balance volume has been consistently rising throughout the consolidation...

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HBAR could move into weekly resistance if it continues to hold the top of weekly support, if it crosses and remains above the yellow neckline shown on the chart above. If it doesn't just move up from here, it may move back down towards its previous low at the brighter green / stronger area of weekly support. If it does that first instead, I would expect a...

dudebruhwhoa Updated 

Another update on the US Dollar index and its negative correlation with major markets. DXY has moved back into an area of indecision with regards to recoveries occurring across markets: Bitcoin, Gold, Dow Jones Industrial, Nasdaq are all negatively correlated with the Dollar Index, with few exceptions, over the last year or more. Many of these are also at...

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Bitcoin and Ethereum both have nearly identical structures to fractals of their Summer 2021-2022 movements: Everything is negatively correlated with DXY. This could occur if DXY makes a strong move back above its local highs: jira.gearboxsoftware.com There is also a bull case to be made, also using a fractal of a previous cycle:

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Gold and the Dollar Index have been mirror images of each other over the last year and a half or so. Near perfect negative correlation, with no signs of divergence from this. I'm expecting this will remain true for some time, creating an educated assumption that we can expect a near equal and opposite reaction from each other, and both are at major decision...

dudebruhwhoa Updated 

Here's a longer-term look at Bitcoin's negative correlation with the US Dollar Index, in looking at an overlay of the monthly DXY on top of Bitcoin. CC also displays significant negative correlation, and during the brief periods where it has been positively correlated, that correlation has been insignificant. At least this has been true over the last two major...

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Super simple / quick post. Bitcoin dominance had a confirmed double top, and now may or may not confirm a double bottom. If it does, it will likely move up to resistance and then back down before deciding to break through resistance or support. Otherwise, it may just lose support

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Quick idea - D-Wave Quantum is in a falling wedge, and may make an symmetrical move that is the inverse to what it has recently done. It needs to be above a dollar by around July without any extension or it faces delisting. There is talk about a possible stock split, which would obviously change this pattern.

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Move and hold above 122 and Google will see ATH again, possibly a new ATH near 180. Remain below 122 and lose the 2nd yellow line below it, and it's headed back down to recent lows and lower.

dudebruhwhoa Updated 

It is already pretty obvious to any analyst - a stronger dollar means a weaker crypto or stock market, and a weaker dollar trends toward stronger crypto and stock markets. As you can see on the chart, Bitcoin (BLX) has a crystal clear negative correlation with the US Dollar Index (DXY), as expected. So, why am I talking about it? Each time DXY has peaked, BLX...

dudebruhwhoa Updated 

Here's a look at major peaks and valleys in Bitcoin and Total3 (total altcoin market excluding Ethereum) starting from the Dec 2017 peak until now. First, a key to follow along: Key: - Solid Green/Red Lines = Peaks/Valleys occurring during the same week or day between both markets - Dotted Green/Red Lines = Peaks/Valleys where dates deviate between the two...

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Unless it can break back above the H&S neckline and then the right shoulder, Ocean Protocol may be headed down towards the following targets instead of seeing north of a dollar again: - TP 1 = ~8.6 cents - TP 2 = ~3.8 cents A possible 2x measured move would take it back under 2 cents and less than 3/10ths of a cent above the weekly close of its ATL. Should it...

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Two different ways to look at the present HSi pattern on Bitcoin, both targeting the same areas with slight divergence: - If it's the smaller dotted white line HSi, we're already near completion of a re-test, now. - If it's the larger solid blue line HSi, we could fall a bit more to complete a re-test. If either of these fail on re-test and then drop and...

dudebruhwhoa Updated 

A simple, but major update to my previous post, below: DXY is near a crucial decision point where it will either maintain it's long-term uptrend or decide to spend more time correcting. DXY also shows negative correlation with crypto and stock markets. > Maintains Uptrend - if we see a successful re-test of the upper trendline after having broken above it,...

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Bitcoin Dominance looks like it wants to head down to 45-46%. Why? - We're moving up within a parallel channel on the weekly chart here, good chance we'll see the bottom of it again. - Our highest weekly high did close above the previous one, but with no wick and not as high as our highest wick. Hard to call that a strong breakout - Volume isn't here yet...