Bitcoin at a critical juncture in our lives. A tiny dominoe is about to collapse the house of cards.
Was it all by design? Is the math sound? Does a fiat collapse in the woods make a depression?
Come with me down to the depths of sound insanity.
The 1 hour had shifted. The recovery is over. In the next 6 months you will begin to understand The Final Collapse.
Was it all by design? Is the math sound? Does a fiat collapse in the woods make a depression?
Come with me down to the depths of sound insanity.
The 1 hour had shifted. The recovery is over. In the next 6 months you will begin to understand The Final Collapse.
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*Delay of launch*Note
*Flight departing*Note
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might just be a dead cat bounce to flush out shortsNote
1hr is potentially shifting again, so if the momentum doesn't continue then a reversal is highly likely.
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there is a transient zone that has been pulling price action up to revisit the 17567.45 levelNote
Just gotta keep up the downward momentum and we'll be on our way.
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Getting tigghttttt.Note
15 min is showing a potential shift back up, but 5 min is looking like it's exhausted, so I'm leaning intoa breakdown on the 1 hour here to start the leg back down to retest lows.Note
This is the 15 minNote
The 5 I just noticed the pattern I saw on the 15min, we need a bullish breakout here to tighten the pattern on the 1 hour more, we could get a breakdown here.Note
The 1 hour tightened, tried to breakout and was rejected back down.I like this configuration, its a larger signal on the 1 hour of the momentum shift back down.
This looks like downward momentum is going to start building again.
I'll be on the lookout for a reversal back up.
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A closer look at this 15 min rally:had a 15 min top, that made a larger 1hr momentum shift down, was followed by a 15 min bottom, that is the current rally you see here.
I'm looking for this to reverse back down, with the 1 hr shift on the large Time Frame.
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Perhaps something like this on the 5 minute: this could try to get to the transient zone at 17,5 still
price action is fairly random.
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15 minNote
1 hourNote
here we can see a channel the 4 hour is in
there was a larger shift up on the 4 hr, but where the 1 hour had a shift, is also showing up on the 4hr, so I'm leaning towards another leg down before a large long correction back up, then potentially another leg back down to lower lows.
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More or less something like this on the weekly:Note
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1 hour updateNote
5 min rolling over, lots of sideways...Note
15 min targetsNote
1 hour targetsNote
4 hour targetsNote
daily targetsNote
weekly targetsNote
15 minute is forming a potential momentum shift.Note
the 15 min signal failed to form, but today resulted in the 1 hour creating a signal...Note
finally the 1 hour signal played out and the 4 hour channel is breaking down.Note
potential shift on the 15 min:either we'll breakout and try to hit the transient zone above, or the large leg down will finally start.
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Need to continue to breakdown to confirm 15 min topNote
transient zone was finally hit and the breakdown averted for now.its still in dangerous territory and hasn't started the bullish reversal yet,
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switching updates to this chart ^ Note
updated chart ^^^Note
^^^^^updated chart
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So I checked out the bitcoin/gold chart to see if the transient zone targets hold up on a chart that is not skewed by inflation. What I outlined is some low targets formed 7-9 years ago, and found that a few of the zones the 25k target is not a transient zone on the gold chart. There is a small zone that on a large timeframe doesn't hold up. Around the 30k level. So, the primary transient zones are below the current price level.These zones are areas where price briefly traveled and did not return.
Price action is mostly recurrent, as in it passes back and fourth in an area and never really leaving bars alone, price gets boxed into areas where large traders continulously bet at two price levels and bounce price between the two and trade others out of thier positions.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.