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Major Reversal Symbol Flashing for $DXYThe "TBO" indicator was created to show the strength of the trend as well as show breakout and reversal signs. The U.S. Dollar Index (DXY) has been an important metric for gauging the sentiment of TradFi markets (SPX, DJI, FANG, XAUUSD) as well as crypto markets (BTC, ETH, TOTAL), which means that all TradFi and crypto traders should be paying attention to this chart for two reasons: If DXY is bullish, TradFi and crypto markets tend to trend bearish If DXY is bearish or consolidating (moving sideways), TradFi and crypto markets tend to trend bullish and are more susceptible to bullish breakouts (like we've seen market-wide since November 2022) So going back to the "TBO" indicator and its importance in showing DXY's sentiment, when looking at the current day (February 17th) we can clearly see several "TBO" Close Short symbols (the orange diamonds below the candles). These symbols tell us that the trend could be reversing soon, and that we should consider taking some profits out of our short position. With this information in mind, and judging by past performance of the "TBO" Close Short symbols indicating upside reversals, we will be paying even more attention to three of these such symbols printed in a "cluster," indicating a stronger possibility for DXY to move to the upside, thus resulting in bearish sentiment for TradFi and crypto. There is no way of knowing how long a supposed upside reversal will last according to the TBO, so caution must be exercised moving forward. *Note: the "TBO" indicator is written with quotation marks because there is an existing ticker for TBO, which is not related to the Trending Break-out indicator. To prevent hyperlinks from showing every time we type TBO, we have added quotation marks.
TVC:DXYShort
by thebettertraders
BTC VS TOTAL 1W - Pattern invalided? During Deathcross BTC creates first the cross then TOTAL During Goldencross TOTAL creates first the cross then BTC The last Goldencross now in February (2023) BTC created first the cross then TOTAL. Is the cross invalided? Furthermore the next levels are 9% to next Reversal Point. Price: $26780 The average of 35% (based on the 2 previous Golden Cross) gets us to $29200. Date Date. Days of. Price. Price Start End Type Differene Open Close Difference Market Days 1st 2nd 01/04/18 08/04/18 Deathcross 8 $6.808,00 $7.020,00 3,02% -5%. 8 BTC. TOTAL 19/04/19 24/04/19 Goldencross 5 $5.258,00 $5.416,00 2,92% 150% 63 TOTAL BTC 13/10/19 26/10/19 Deathcross 13 $8.280,00 $9.244,00 10,43% -37% 36 BTC TOTAL 14/02/20 18/02/20 Goldencross 4 $10.360,00 $9.684,00 -6,98% -53% 25 TOTAL BTC 25/03/20 02/04/20 Deathcross 8 $6.737,00 $6.751,00 0,21% 50% 46 BTC TOTAL 19/05/20 21/05/20 Goldencross 2 $9.800,00 $9.071,00 -8,04% 35% 95 TOTAL BTC 19/06/21 07/07/21 Deathcross 18 $35.767,00 $33.836,00 -5,71% -22% 38 BTC TOTAL 31/08/21 16/09/21 Goldencross 16 $47.116,00 $47.775,00 1,38% 36% 39 TOTAL BTC 14/01/22 23/01/22 Deathcross 9 $43.097,00 $36.224,00 -18,97% -19% 9 BTC TOTAL 07/02/23 13/02/23 Goldencross 6 $23.243,00 $21.780,00 -6,72% ONGOING BTC TOTAL
Long
by Sidi25_
TOTAL Crypto Market Cap DAILYThe TOTAL PA is sliding down the Support nicely while the MACD cools off. Its not ready to turn just yet so we may remain like this till Weekend. The Long wicks show the battles going on right now and you can see how the 50 MA ( Red) acted as support yesterday. There is little doubt the Bears are trying hard to drop the price but the Bulls are holding on Support should hold despite the FUD and attempted destablising by the IMF nd SEC, which are all representatives of the traditional Banking industry No surprises there then
CRYPTOCAP:TOTAL
by Orriginal
#TOTAL (Crypto Market Cap Elliott Waves Analysis)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. we have finished forming the ending diagonal and got a good upward impulse, in the medium term I expect a correction to the ~850B area and continued growth with the main target in the 1.2 - 1.25T zone, if we are lucky, it is possible to see even 1.5T Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
CRYPTOCAP:TOTALLong
by trytofeelpositive
6
BTC analysis for most possible directionDidn't post yesterday, was busy --- This is copy paste from yesterday $BTC not looking so hot atm #BTC RSI is sinking fast $TOTAL 3 = #altcoin Also looks weak but nowhere near as much Facing heavy resistance We're likely due for a lil pain from here --- TODAY 1/2 $BTC @ an important area #BTC holding @ dotted line support #bitcoin trading UNDER Red Mov Avg for 2nd day Buy volume lowers, sells > than buys but not much RSI MUST NOT tread sub 50 area (middle) We break Green Mov Avg still ok but MUST HOLD Breakaway Gap area #crypto 2/2 What about $BTC vs #altcoins? $TOTAL 3 = #altcoin Staunch resistance right above Yet holding better than #BTC 4Hr shows some buys coming back See the Inverse head & shoulder? Ugly but it's there #crypto had huge run, it's okay to REST as long as it doesn't fall asleep
CME:BTC1!
by ROYAL_OAK_INC
$BTC $ETH & Altcoin data, Memecoins running, what it mean?Important short term🧵 $BTC RSI not showing good signs, NEG divergence #BTC HAS BEEN LEADING the rally but it's weakening We've posted on this $TOTAL 3 doing ok #memecoin running usually @ end of runs #bitcoin MUST hold support levels MUST hold number is 18kish --- 2 $DXY running & RSI over 50 again BAck to #crypto $Total = ALL including $BTC & $ETH Not showing recent strength of Total 3 = #altcoin They all still have a ways to go to break down trend Although #BTC HAS done it on it's own #bitcoin has been LEADING until now Rest time? --- 3 $BTC broke downtrend not long ago & struggled 24k has been issue = MAJOR RESISTANCE & NECKLINE for Inverse Head & Shoulder = BOTTOM Now $ETH RSI looks ok However HUGE resistance @ 1700 area #ETH hasn't broken downtrend --- 4 $BTC is to $DJI = $ETH is to $NDX #DJI broke out before #NDX did Very likely #BTC broke already & #ETH will follow We'll likely take another month or so to realize the bottom $TOTAL 2 = No #bitcoin, includes #ethereum & #altcoin, looks ok We'll see how all pans out Gnight
CME:BTC1!
by ROYAL_OAK_INC
$BTC bearish engulfing light volume - Now what?1 Said MANY TIMES 24k would be HARD for $BTC #BTC high = 24080 DAMAGE DONE: Short up trend broken Bearish engulfing but LIGHT volume STILL IN PLAY: Breakaway Gap Inverse Head & Shoulder RSI above overbought, red dotted line #bitcoin playing out as expected Rest of #crypto? --- 2 #Bitcoin BULLISH WEEKLY CROSSOVER soon? Bearish crossover happened DEC 22 $TOTAL 3 = #crypto #altcoins - hasn't looked as strong as #BTC RSI been going lower but currently resting @ red moving avg, holds = good 1 last thing $BTC 4Hr hasn't traded under avg's since Dec 30
CME:BTC1!
by ROYAL_OAK_INC
Where is the BTC bottom???BTC supply is rarely calculated/used in charts. Since we analyze equities/idices divided by M2SL, we should divide BTC with it's supply. Since 2021, BTC supply increases by ~0.003% per week. At least according to the BTC_ADDRESSES ticker. While this may not analyze the true amount of BTC in circulation, it is at least a start... This process allows us to add a distinct bound to it's price. It's logarithmic expansion is hard to analyze. So this transformation solves most of our issues with it. A larger view of the chart. SCENARIO 1 Bitcoin wealth trends upwards compared to it's supply - It creates wealth The channel was drawn using a log-scaled regression. The light-blue line is a more realistic target for the bottom of the channel. The 2020 black swan is an outlier, we do however take it into consideration as a terminal target. In order to get an idea of the timing, we draw a channel for the last 100 weeks. And after extrapolating the trend channel, we take 6 targets. Taking into account the increase in BTC supply (increasing supply, decreasing price) we get the final targets. A=14220, B=12987, C=14719, D=13468, E=15432, F=14113 SCENARIO 2 Bitcoin fluctuates horizontally to eternity Look at this retracement... The 1.618 ratio is an impenetrable border (?) This chart suggests that perhaps there is a big drop ahead of us, I haven't pinpointed a probable bottom. I will update this idea in the future if I come up with anything. Price never succeeded to pass this ratio. Instead we had distribution for the last two years. It feels as if this ceiling may never give in. Bitcoin's role to society must change for it to skip this border. Then price might head to an entirely new scale. A monetary crisis could provide an opportunity for BTC to become a viable alternative to fiat currency. Make sure to follow this idea by SPY_Master for more information about the brewing crisis. Tread lightly, for this is hallowed ground. -Father Grigori
BITSTAMP:BTCUSD
by akikostas
Pattern Similarity with 2018 Bear Market RecoveryWhat follows is a comparison of the daily chart during the 2018 bear market recovery with the present weekly chart. Markets like to repeat patterns, with similarities and differences: Repeating Pattern Similarities: Both made a head and shoulders top OBV and Volume show similar patterns of behavior in both charts The amount of correction prior to recovery is similar Repeating Pattern Differences: 2018's head and shoulders top had a descending (or practically straight) neckline. 2023's head and shoulders top has an ascending neckline OBV has dipped more during the present downtrend than before, and Volume peaked earlier during the head/shoulders top this time (Volume is also down more now than it was during 2018 recovery, respectively) Signs are pointing to a recovery, but DXY is behaving strangely and market conditions are entirely different than they were in 2018. 2023 Recovery may be higher than 2018, if neckline is reached - it could look like a double-top with a lower high (potentially even another HS pattern at the end) Should the pattern repeat itself again on the higher time frame, I've outline a rough path that could take us into one of the two red boxes, or even somewhere in between, with: -- Conservative Targets near previous head and shoulder top lows -- Aggressive Targets stopping at or near the ascending neckline, and this would coincide with my theory of a lower high double-top, which I think is the more likely scenario (see related idea below) -- Otherwise the potential to stop somewhere halfway in between either Chart is long until recovery completes at one of the levels above. This idea fails immediately if we fail to remain above the wedge here on a re-test on the falling wedge breakout (3-day chart pictured below): Related Idea - neckline targets coincide with lower-high double-top theory: Cheers, and thanks for taking the time to read through my ramblings! -- dudebruhwhoa
CRYPTOCAP:TOTALLong
by dudebruhwhoa
3