2week
BTC- The MacD 3 wave theory(2 week chart) After the top, there are 3 distinct red waves in the macd on the 2 week chart, guiding us towards the bottom. In each macd wave we get three bottoms on the stochastic rsi. In each bottom on stoch rsi we choose the lowest number on the fast line (blue line), which is where the white vertical lines are. When we read the rsi of where the white vertical lines are located, we get these results:
Cycle 1- (50,8)-(43,77)-(34,24)
Cycle 2- (49,7)-(46,92)-(36,54)
Cycle 3- (49,36)- (46,01)-(34,18)
The narrative of these waves seems to be as follows:
Wave 1- Price breaks down on 20 ma(red), then up, then down again.
Wave 2- Price is wedged between 20 ma (red) and 50 ma (yellow).
Wave 3- Price breaks the 50. When stoch rsi fast line (blue line) hits 0,00 and the rsi gets under 40,53 (reference point from 2011 low) the bottom is in.
This happened in the previous two cycles. (Remains to be seen if this cycle is the same) When the 20 crosses down on the 50 ma, price gets punched down. At the same time as the cross occurs, the orange line on the macd escapes the red bars. After the crossing we try to break through the 40,53 rsi. In the previous cycles we made it in the third wave on the macd, which is scheduled to make it to the green bars late november if it keeps climbing those stairs. After the third wave, the stochastic rsi rallied all the way to the top in both 2015 and 2019.
BNB/BTCHi investors and traders,
BNB/BTC setup looking good for an ATH.
To support this idea check my previous BTC/USD which is shows the bottom was in. At least for short term.
Oscillators looking good.
Forming a bullish pattern with good probability to break out.
Price action above 21 EMA on 2 weeks which is so powerful.
Correlated with BTC dominance price, DXY chart, BTC chart and ETH/BTC will follow, it seems that the markets want a bounce (maybe a bear market rally) until the end of year.
tesla potential break through @795with spy rallying up 2% the past week, I see strong potential for tesla breaking through a target price of $795 for the next two weeks. If price hits target from previous support at the beginning of the year this would break regression trends from the last 4 months. If no break through, price will most likely continue trends and hover above the previous two week support of $753
Mountain Climber LINK/BTC #link $LINK #cryptoHere we see our Link Bitcoin pair from Binance but on the 2 week chart . I don't often often look at that timeframe but seems to fit this one ! As you can see Link has been on a steady climb up since late 2017 , over 3 years . And there actually aren't very many pullbacks here ! But we appear to be in a pullback now with those 8 red candles . My guess would be we at least see another 9th red candle on this TD Sequential 9 sequence in a week or so . Then perhaps there is more upside here . Also we should be heading back up over 160,000 sats and beyond . How long before LINK sees new All Time Highs in sats just like it saw recently in usd ? Probably not long . LINK is looking to have a great future . See my chart linked below .Is this our last pullback before the rise ? Again , LINK doesn't have that many pullbacks on the Btc pair chart . And this is a higher timeframe . It would appear that LINK will continue mountain climbing for awhile !
Bitcoin short. 2 week chart. indicators. / correctionsso we about to get a TD9 on two week for sell side. as you can see. that has nailed the tops and bottoms on bitcoin well in the past. We have divergence. increasing sell pressure. my oscillator is meeting the resistance line. The OBV occilator has a trendline resistance. the vix fix / inverse vix fix suggesting it might be so. The OBV+Fisher transforms higher up as well as the wave trend.
Potentially I think we may see another up to 12.7. however it does sort of look tired here now. I choose 8kish for correction reading because of Cam monthly. but also confluence with other things as well as that is our yearly pivot point. However if we correct me might stop higher as well.