I've been looking at this for almost a year now and now that I'm seeing 3 confirmations that boomer coin could be headed to 47k (usually a little above VAH), it's becoming harder to ignore, an incomplete bearish bat D leg, VAH, S/R all ending at at 47K. I've also included the bearish levels cuz having one bias is just stoopid. Just a reminder, D legs of harmonics...
glad someone pointed this out to me in chat with regards to my previous idea and although were wrong about the B leg which fell perfectly at the 0.5 retracement from X to A (marked in yellow), I discovered that I started this bullish bat further back than I realized that my C leg disqualified the bearish bat pattern to 44k A fib retracement from A to B and C leg...
Using as a reference tool to compare the growth of Bitcoin (BLX chart) with the Global Economy as a metric and finding a solid bottom for the Global Economy metric at the 1.618 retracement in late September 2023 BLX (orange/white) candles Global Economy (blue/white candles) Global Economy Includes: ------------------------------- US total assets Central Bank...
As I have been watching less and less crypto YT'rs, I have been drawn to bonds and bond data analysts as they seem to have a better understanding of overall market economic shifts and since I haven't published anything in a while, I wanted to get a brief heads up. Just a quick look at of the target rate probability ahead of the 21st of Sept, 2022 Fed meeting....
Inverted yield curve crossing 0.000 just 1 hour before April 1st. Could be wrong but last time crossed was before pandemic shutdowns and the housing crisis.
Just an update and observation, for each major time of sustained economic distress, the candle body has pushed past 0.618 so the recent wick could have been initial panic given current events. Even the inverted yield curve during pandemic was quickly squashed b/c money printer go brrrrr. I will not discount a possible change but will be watching for any moves...
From the most recent L/L, Gan on a 45 shows that the candle wick touch points to the 8/1 and 3/1 on February 22nd, 24th, and 27th couldn't be more picture perfect and I will be watching these levels. I suspect further downside despite recent upside mania but will chart downside Gan support/resistance for further confirmation and clearer direction later. Sometimes...
Again, I know I'm not using Gan as intended so no need to put me on blast, just experimenting, drawing outside the lines, thinking out side the box, whatever. Algos are programmed to exploit the indicators/tools we use so why not. BTC really loves that 40,509 for a while now so something has to move or sideways forever??? Not totally sure how tradingview will...
MOST BEARISH : Every time BTC has ever gone beneath the mid-line of the red Gaussian channel, BTC drops at around 56% to 58%. If this scenario plays out again with a 58% drop, it could find previous resistance at around 19,892 (circled in green) or the 20K mark o_O and use it for support then we blast out of here for an epic bull run. NOT AS BEARISH . It is...
LUNA hitting new ATH. While in price discovery I'm throwing 2 possible fib targets at the 1.618 for shorting and could be ripe for an a b c correction but always depends on BTC so stay safu and do ur own DD yeah? o_O ▀▀█═╡🤡╞═█▀▀
ENJ good take profit area and/or good short potential in futures
After BTC drops from 45,300.00 to 43,174.01 this did look like a good setup for a short gain as it is moving slow closely with BTC in comparison chart. I suck and have zero risk tolerance but I threw a bag in and I am primarily posting these as experiments to reference later on. Put me on blast if you want but again, these are just experiments for learning...
After being heavily pushed down, CHMB has some potential for some explosive gains for a short play. I am a degenerate bottom feeder so I have zero risk tolerance and these are always the plays I look for but if you are managing risk then this is not the play for you or wait for confirmation. Have a nice day ":^)
Another risky play in the sh*t coin lottery, but if if continues to go, looks like nice gains. Appears to be a local bottom, you scalp until you long yeah? This is a so slow moving dog but if it starts getting past 10% in tradingview, folks may start to pile in. Again, I have zero risk tolerance so if your managing risk, always wait for confirmation. Have a nice day ":^)