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SSS

maybe this is an intermidiate bottom, and perhaps notbtcusd is in the throes of a love affair with a low dollar. since dxy has made its move, and inflation has peaked withthe news of a more hawkish monetary policy, a lower dollar means higher bitcoin. its convenient that the higher we go in major indices bitcoin seems to follow suit with even more bullish action. if this is atill a bear market for indices i would bet its still a bear market for bitcoin. if dxy goes higher ill sell btcusd and gbtc. if we get over this pivot im interested in upper horizontals as long as trama is rising and sss signal green/qqe long. it could follow the green path. if we stay below this pivot, and sss signal goes red/qqe short im interested in lower horizontals. it could follow the red path.
BITSTAMP:BTCUSD
by cerealpatterns
1
could this be a weekly bottom in bitcoin?btcusd has been making its way to the low end of this SSS supply zone. if we stay beneaththis pivot id imaginewere headed for a breakof the lower levels or the bottom of this range, and if we head upwards were likely headed for a test of sss signal or the top of this range. qqe is long so im buying until this zone dries up, and imselling a rally on this timeframe. as is shown in this fixed range volume profile the majority of the action since the top has beenright below this pivot that ive drawn in dashes.
BITSTAMP:BTCUSDLong
by cerealpatterns
the last time this chart pattern happened we consolidatedthe 4hr picture on qqe and sss is short. the last time this happened we had to revisit some area of supply/movingaverage in order to continue. theres nothing saying the dollar cant squeeze and bitcoin experience a little snapback to recent lows, and i would be cautious entering long here hoping to bump higher on the weekly. the picot price ive marked out here in the middle is critical, and i would look to target upper horizontals if we can hold that level, and the lower horizontals if we start resisting there.
BITSTAMP:BTCUSD
by cerealpatterns
aapl showing how broader market will fareim depending on this large cap value in tech to lead the way for the rest of the market as a bellweather in technology. if we fall beneath pivot to start testing sss signal as resistance and it turns red were headed for daily consolidation in tech and the broader market, probably testing that ma as support. if we keep a green signal, and hold pivot testing as support we should move toward upper horizontals as long as we do not h/s around potential neckline.
NASDAQ:AAPLLong
by cerealpatterns