Hi everyone, When Pi Cycle bottom, which is a free indicator, cross up with 1 week candle and holdl support, there are great chances that the bottom is in. As long as, red line hodl support we can see further upside price action. Even in 2019, when the price was rising for short time, red line showed danger as soon as the 1 week candle broke down and...
Zooming out for perspective The history tell us that StochRSI < 20 = bearish.
If StochRSI on weekly will go under 20 level and: 1. The price will stay above aprox. 25k level 2. StochRSI (weekly) will close with red line on one week above 20 level then there are great chances that BTC can continue the rally this year. Happy trading!
If inflation will stay put and BTC price will break 200MA, the price can easily go to 28k according to VPVR. Of course this is short term movement and I'm not passionate about making trades, only investing. This is not best time for accumulation for me. I accumulated much lower and I'll be interested unde 20k to accumulate more. Please check my indicators and the...
BTC has 21 MEMA (monthly 21 ema) strong resistence. In 2015 we saw a double bottom after hitting 21 MEMA. In 2019 after short resistence we saw a pump and a year later a double bottom for retest. I keep an eye to inflation, unemployment rate and also dry powder for lower levels and black swans. DCA at lower price level seems to be still a good strategy for...
Hi everyone, ADX/DI looking a little bullish. Green DI is above red DI. ADX is still powerfull after hit almost 75 value. As long as green line si above red line, BTC has chances to go up. Of course, for a better analysis, we need more charts and macro/micro perspectives. What do you think about BTC price? !This is my analysis considering just one indicator...
Can Meta recover as NFLX is already done? After 75% correction NFLX recover nicely. Aprox.170 days downfall and another 170 days to recover. META is lagged and this fractal can show us the future of META. Remember that every big correction can be a great opportunity. Learn to analyze everything you are buying and investing. !Not financial advice.
I like KISS. Keep it simple and stupid. Suport / resistence on higher timeframes is key. BTC is correcting a lot in bear markets so no surprise until here. Moreover in this cycle when macro economy is not so great. 84% correction it looks good for me, and my mindset is prepared for lower prices. I know that everything move in waves, and what is going lower, at...
Bitcoin is in a bad shape which it means cheap BTC. Death Cross can spot the bottom based on history. Of course I can get wrong and BTC do the opposite. The right mindset is to be aware of both scenarios. And this time the economy overall is looking weak. Once Macro will improve, the BTC price will increase. Everyone is expecting lower prices for BTC right now...
ADA for me, is looking good for long term accumulation. I like the team, and descentralization behind the project. Also the developers are working hard if you analyze the github repo(see on coingecko). Bear markets are a good time to DCA. At the moment of writing, 0.886 Fib.retracement looks good for DCA. It is a very nice correction and risk/reward for long...
Strong resistence for DXY Usually 0.702 Fib. retracement is a confirmation for a reversal. October usually is bullish, DXY is looking for short term downside. DXY is looking parabolic so not many signs for reversal in markets. Anything can happen but we have a bullish scenario which can play out before major capitulation as majority is expecting. This game is...
Are we close to a DXY top? Usually after DXY topped after 1 year BTC reach it's top too. The trend is your friend until the end. As long as DXY is parabolic we cannot be bullish. Of course, for a better conclusion and a closer look we need more macro analysis. Looking at just one indicator is not healthy. Remember that confluence is key.
Retest and dump or wyckoff accumulation and slowly recovery (bear market rally)? We have some clues about the capitulation and the bottom. Everyone is expecting major crash and this can be bullish. Usually the markets are doing the opposites of what herd is thinking. Powerfull charts showing miner capitulations and moving averages can indicate the bottom is...
Hi all DXY appears to be strong. Since it is not a good idea to go against the trend, I'll be ready for the best or the worst case scenario. Depends if you want to dca lower or you are too exposed! Above 9/21 WEMA the trend is very strong. Under 21 WEMA we can see DXY go lower. The final move for the bulls is a fib.702 retrace, which is often bearish in...
Hi all, Due to the optimistic momentum during the CPI statistics, the NDAQ is looking strong. Usually, 0.702 Fib. is quite important. and can provide adequate resistance at this level. At this point, crypto bear market rallies typically come to an end. ADX&DI show some momentum increasing. (Yellow line rising) Possbile to see an inverese head and shoulder...
Hi all, Hash Rate leads Difficulty in identifying Bitcoin Miner Capitulation. Hash Ribbons is close to a buy signal and is it would be wise to pay attention. Usually this indicator has a high probability of success if we analyze the history of buy signals and price action after that. Since it is a lagging indicator, I frequently take DCA into account before BUY...
Hi all, How many of you pay attention to ETH Dominance? The dominance level is above 21 WEMA. It was ranging more than 1 year between some levels. Now, before ETH 2.0 merge is looking bullish and trying to break out. Last year, between these levels we saw an altcoin season. Let's see how it plays this month, which for the last 2 years, august was bullish.
Hi all, Simple analysis that has shown BTC's bottom for the past two cycles. Intersection between 20MA and 100MA. Great chances that the bottom is in or will be revisited once again. Macroeconomy will dictate how BTC will behave. What do you expect Bitcoin to do?