theChartGuru

theChartGuru

I wont comment on this chart, it is just a general view of how things look right now, we do have room to the downside no doubt, and we did miss a higher high on the monthly. If the trendlines are to be respected we can still go sub-20k for the whole of 2023. On a brighter side, the prices as they look right now are more or less as low as things can get. If the...

theChartGuru

Hi All As you can see we a channel running that was pierced to the top, when a channel is pierced and PA re-enters the channel and exits on the other boundary the measured move is equal to the full height of the channel. We can see the RSI divergence we had last month, then a down trend, RSI recharge, down trend. I am expecting some sort of range for the RSI to...

theChartGuru

Others Total Cap "All crypto-assets that are below the top 150". It does suggest taht altcoin season is closing in and if that resistance level is popped way more retail money will flow back into crypto. What remains to be seen is if that can happen without BTC confirming a breakout of 25k.

theChartGuru Updated 

We are in for either a death cross on Weekly or a golden cross on daily, which one will play out first and pump the market in one or the other direction?

theChartGuru

Hi The question these days is how much momentum do we have left in the current BTC bull run, I would love to see a leg down so we gather enough momentum to open a weekly candle above 25k. As things stand right now, there is not much to the downside for both USD and VIX and this indicates that there is not much momentum for liquidity for risk-class assets such as...

theChartGuru

The BTC and SPX correlation has been going on for a while. I have been spending time on studying BTC correlations as the market classification of BTC seems to keep changing, as of lately it seems that it is shifting from a risk-class asset to a store-of-value asset "this shift will probably take some more time", the reasoning here is that populations from emerging...

theChartGuru

$BTC vs $VIX and $SPX vs $VIX the inverse correlation of VIX to SPX is no secret, and applying VIX onto a BTC chart shows how much BTC is more and more correlated to the SnP, this is a good tool to have in any traders arsenal. The beauty of VIX is that it is based on expiring index options, which makes it relatively accurate in estimating volatility. I think SPX...

theChartGuru

It is quite simple, we are sitting at 23250 for BTCUSD at the moment, if we want to confirm that this is a bull run that can go longer and signal the start of a change out of the bear market we need a monthly candle close above 23250 for a new monthly higher high "above July and August 2022", this will be the first "proper" monthly higher high SINCE the ATH. If...

theChartGuru

This is just a quick calculation I did on the Adam and Even formation that has driven the latest bull run, the Adam and Eve pattern has high success rates especially if it is wide and deep. For pattern dependent traders the important thing to note is that the measured move for the Adam and Even pattern has been completed, and a pullback should be in by now. Notice...

theChartGuru

Hi All This is a request for comments RFC about BTC, Trendlines and Scales. I have noticed that a lot of the ideas published here do use trendlines on higher timeframes for TA. So far so good, the issue though is that some traders are using algorithmic scales and others are using linear scales for the same analysis. As you can see on the chart the results are...

theChartGuru

This is just an idea, no one really can anticipate when the bull market starts, but with so many positive factors weighing in I did have a look at the good old Kagi charts, based on the chart we need a 24300 price close to start flipping green, everything being the same + that price close could mean things are finally turning over to the green side.

theChartGuru Updated 

The hour is not over yet, but this is an early warning sign, keep an eye on divergence on 1hr/4hr timeframes. Divergences tend to lead to reversal more often if they are on higher TFs and near support or resistance zones. If the divergence works out, look out. Don't forget your risk management! If you like this idea then do support it with like and follow. Also,...

theChartGuru Updated 

If weekly holds as is in DOJI shape on BTCUSDT we are looking at a potential star formation on weekly and next week a downleg will go into a new downtred.