zakkh333

zakkh333

An interesting chart, SRM:LRC. Potentially Bullish but primarily posting to revisit later.

zakkh333

This candle is simply not bullish. If the MA200 is lost, XRP will revisit macro lows.

zakkh333

Although XRP is managing to hold onto the Daily MA200, the current downward pressure on the EMA8 and the Bearish Daily Candle does not give one optimism it will hold either.

zakkh333

XRP is likely to reject at the MA200. Currently sitting right at it, this poses an amazing risk-to-reward ratio.

zakkh333

I expect Bitcoin to drop to $10K-14K between November 7th and 12th (likely closer to the 10th). That would mark the 4 year cycle low.

zakkh333

Atom's inability to hold the MA200 leaves little reason to be bullish. It is however still holding the EMA8. If Atom loses the EMA8 and fails to regain the MA200, expect much further downside ($5.50)

zakkh333

MAPS is an interesting coin because it bottomed in January 2022, and had a 2600% rally through April. Reaching the 9 cent area again would pose a reasonable risk/reward, but is definitely not a guaranteed trade.

zakkh333

In the mid-term, BTC dominance seems to have high upside relative to the downside (recent lows in the high thirties).

zakkh333

With Gold losing the ~$1683 support, a short trade with easy validation and profitable risk-to-reward seems logical. Gold will not close over 1683 for a long time.

zakkh333

ETHBTC appears to be very Bearish after losing long-term support through horizontals and trendlines.

zakkh333

Bitcoin will not make it past this long-term trendline existing since the November top. It was first touched in the April Failed Breakout and will reject once more.

zakkh333

Bitcoin's current 60 Day Cycle set to end in mid September looks very Bearish. It seems likely the June mid cycle lows would be tested, and later broken for the 4 year cycle low.

zakkh333

BTC 4 Year Cycle Bottom Projection. Same declines as past cycles, same timing, no lengthening cycles. Diminishing losses are limited, especially in this macro environment.

zakkh333

A potential path to the 4 year cycle low using 60 day cycles, and the idea BTC will bottom at the 200 week SMA. This is a follow up idea to the rejection off the 200 day SMA marking the high for the rest of the year. A November (plus or minus 15 days outside the month) 4 year cycle bottom is almost a guarantee, but the price is not fully known. The 200 week SMA...

zakkh333

Now that BTC is above the Daily SMA 20 and EMA 21, BTC will likely continue the uptrend. BTC will likely reach the high of the 60-day cycle around 30 days after the low on May 12th (so June 12th). Levels that could correspond to a high are 2 trendlines, the SMA 600 (Daily), and SMA 200. When BTC closes below the SMA 600, a 4-year cycle bottom is reached before...

zakkh333

Higher lows since the January 60 Day Cycle Low. One more low followed by 46k breakout.

zakkh333

Bitcoin Future Cycles - 30k low to peak made from bar patterns