Outlook for the remainder of the year. The ETF inflows have generally remained positive at new ATH levels, while volume remains low and price remains flat. This suggests considerable distribution from OTC sellers, namely longer-term holders, per HODL waves analysis. It's been 3 months since breaking ATH in March, with price unable to move higher. The...
20W moving average (and a white shadow of a 21W EMA) has historically indicated a good near term cost basis. With a fitted fibonacci slanted channel (and more-or-less randomly extending the 20W average) we can plot a possible path for BTC, dancing between past fib level trend lines for resistance at important price levels, while also holding support at this...
Ever since recovering from the pandemic lows last year, we have seen the SP500 retreat and test its 20 week moving average (Middle Bollinger) on various occasions. Every attempt has been supported by the market. While there is very apparent macro risk which lingers, on a technical view it looks very much of the old same. Should we break below this 20 week ma then...
BINANCE:BTCUSDT TF 1D Sometimes Lazy is good, We rode that 31K you saw our previous Chart. Yet to admit I really acted like a whale getting greedy to the Death cross momentum and get the 20WEEK MA be Gold Cross for everyone not just for me and for you as well. Open your eyes it is being fished we are fished by whales. Why not let the whales vs whales... Let sit...
We're not done with our correction. We're seeing a bounce off the 100 day MA, we should see some resistance at the 50 day MA at around $57k, come back down to retest the 20 week MA (around $47k by the time we test it again) and then lift off for a new all-time high.
This is a mid-term analysis. First, excuse me for oversaturated chart. There are too many lines but I just wanted to share my plan to trade Bitcoin because I think everything just lines up so nicely. I didn't have time to make new chart so I hope you can read this one as is. Bitcoin could go straight to 19300 (white arrow) or fall to Fibonacci Golden pocket at...
Moving averages. Whether you love them or hate them, trade with them or without them the fact of the matter is that some of them are very significant, even on their own as they can act as support and resistance. Once they cross however, their power can absolutely make or break a market as seen countless times in the stock and gold market but also with Bitcoin and,...
Slightly altered my breakout prediction lines based on wedge redraw and 20 WMA. (Entertainment Only) (DYOR)
All signs point bearish. MACD, RSI, Gann Fann, TD Sequential, Short vs Longs, Volume, KC, Wedge. Wait for a close below the previous ascending channel unless you want to get fakeout'd. (Entertainment Only) (DYOR)
Just look at the circles and arrows... the bulls are gonna have a bad time... (Entertainment Only) (BYOR)
On the weekly chart we can see the weekly 200 simple moving average(in blue) has provided amazingly strong and as of now unbroken support. On the flip side of the spectrum, we can also see extremely strong resistance from the 20 week simple moving average(in orange) we have had 2-3 months here of very little volatility but we can see that both of those strong...