First Target 72 USD; then, the last leg down will start, maybe it will not go past the lows but that will be the real capitulation and where I'll be ready to buy.
The chart of OIL/GOLD shows that the price of oil in terms of gold has been fluctuating within a channel since the US broke the last bretton woods agreement in the 70's. Since then we can see periods in which oil is expensive and periods in which oil is cheap in terms of gold, right now it's the cheapest it has been (excluding pandemic madness in 2020) and if you...
Back in 2018 this indicator marked the bottom (light green dot): This is happening again... in november a downtrend ended, and right now it's neither bullish or bearish. After a downtrend there's usually a range, so I'm expecting a retracement hopefully back to 30k, afterwards comes another trend, and I will bet for another downtrend late 2023 / early 2024, at...
TA: 1. Monthly closed below the trendline (constructed using closing prices). 2. Monthly RSI momentum is down. 3. TD D-Wave 4 suggests that a Wave 4 may be on the way (possibly a close below 30k). 4. TD Sequential (the green/red dots) broke the bull sequence. FA: Basically, the FED is tappering and likely going to raise intrest rates that will crash stocks and crypto.
Following the script, we could be in a wave 4 which should end below 3.5k and then start a wave 5 which of course would go lower than wave 3, 300USD ETH in sight. If ETH closes above 3.5k though it invalidates the count. Otherwise, brace for a long 2023 winter.
Monthly bitcoin log chart using fib time zones starting from each halving. This cycle was not as buble'ish as previous ones, only 250%... Boring!. Already droped 77%... previous times bottom was around the 34 fib line, something to watch. Cheers.
This scenario could play out if these conditions are met: 1. Inflation comes down slowly forcing the FED to remain hawkish for a longer period of time. 2. Quantitative Tightening remains in place as planned untill the FED reaches it's target. 3. The US political environment worsens and a more radical president is elected in 2025. You will own nothing and be...
Bitcoin holding above 20k psychological level. If it doesn't it could go to 13888 then 10000. 💎🤲
Bitcoin 0.618 fib correction to 22k will make me buy more.
Bitcoin dominance has corrected for quite a while after 5 waves and an ABC shown by the TD D-Wave indicator. Also today it ends this 9 weekly buy signal after bouncing from the TDST support line. Everything is ready for BTC Dominance to reverse and go higher!
It has been going up non stop for several weeks but it's at a very important cluster of resistance, not to mention the 10k psychological level. If it breaks up, which I doubt, it could very well start the uptrend to new ATH. But for now I'm neutral, short term bearish.
Likely pullback to 215, and then either goes to 300 or 170, I favor the bear case, unless BTC breaks up to 11k. Either way, for now, SHORT! My scripts: TD D-Wave is open source in the public library.
Motive 1. TD sell Setup, closed above previous setup true range. 2. TD D-Wave is in wave 4. Target 1. Fib retracement from 13.8k to bottom, shows 0.764 fib at 11.5k 2. Fib proyection to 11.6k 3. Triangle break up targets 11.5k. Also, consider weekly is in TD sell setup 8 and monthly in a TD sell setup. Let's go!
Is going to consolidate and break up, or pull back to the last arc?, we shall see.
0.5 Retracement from the bottom, looks ready to go down.
Fib time zones show that the next cycle starts in March 2021 and it will last for 6 years.
Bitcoin monthly analisys using trading indicator.