Based on 2019 fractal using Moving Averages (20,50,200) and Visible Range Volume Profile (VRVP): Some similarities, some differences. 20 MA @ $21,950 on 3 Day chart will be the key level to look out for.
- i saw many traders using vrvp or vpvr like and claiming BTC will go 10k. - They just don't know how to use this tool and didn't understand how it works. - if u don't know how to use a tool, simply don't use it. so less people's will rekt. this is an advanced trading tool. - The Timeline of those tools are VERY IMPORTANT, they cannot be set up from 2015 or...
BTC/USD 4hr chart analysis: On the 17th, BTC had broken downwards out of its Ascending Wedge Pattern on this 4hr chart. BTC had found some support from its support level at around $21,264 but has now dropped below it. A successful 4hr close below this level will possibly take BTC to its support area at around $20,834 to $20,494. The Ichimoku Cloud Lagging Span...
$BTC currently balancing on the VAL and wanting to go below it. Once we start moving down, the volume profile (right) suggests we will move down to 20850 at an increasing pace, possibly to halt there on support for a bit. **If** we lose that, I think there is potential for things to move downwards fast and rather steeply, as the volume profile suggests.
lots of confluence to favor lower prices... however PA of time says other wise. btc is sitting at the top of the last high volume node before 27k
Quick BTC/USD 1 week chart update: BTC is in a massive Rising Wedge Pattern. BTC is also in a massive Falling Wedge Pattern. At the moment of typing this, BTC is still back above its 200MA on this 1 week timeframe. At the moment of typing this, BTC is still way below its 50MA on this 1 week timeframe. At the moment of typing this, BTC is still way below its...
A quick BTC 1 week chart update: Note that BTC has closed another weekly candle below the weekly 200MA. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid-point of the short-term momentum is downwards at the moment on this 1 week timeframe. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum...
Hi all, How am I buying ATOM. Bear markets can be very difficult ot navigate. Staying in USD is also beneficial especially when macro economy is not looking great. This is why I fix many DCA levels in order to be prepared for the worst. Remember that bear markets can go lower than everyone is expecting and can be very hard to navigate. In this moment BTC is...
Here is a closer look at this ADA/USD 1 day chart: ADA is in a Ichimoku P Wave (the 2 converging Blue Trend-lines on Chart) on this daily timeframe. This P Wave is potentially Bearish because it is an inverted P. Note that the bottom trend-line of the P Wave is near the 38.20% ($0.430) Fib Retracement level. The Ichimoku Cloud Conversion Line (Tenkan Sen) is...
Looking at the VET/USD 1 week chart we can see that VET is in a massive Falling Wedge Pattern. A Falling Wedge Pattern is potentially a Bullish Reversal Pattern. Note that the APEX of the Falling Wedge Pattern is located around the end of October 2023. A weekly candle CLOSE BELOW the Lower Converging Trend-line can easily invalidate this pattern as we saw with the...
This is an educational post analysing BTC/USD 1 day chart using a mixture of Goichi Hosoda's Ichimoku Ichimoku Kinko Hyo System, Cloud, Number Theory, Price, Time and Wave Principles and introducing you to these methods if its your first time hearing about them. I have been experimenting with the entire Ichimoku System so I hope that you find this post interesting...
It's really starting to feel like we put our bottom in... As you can see on my chart, $BTC looks like it has found some kind of steady support on the Alligator Trend Indicator. Now, this does not by any means signify that we are out of the woods yet. Bitcoin still has a few major hurdles to overcome. One thing that new traders should understand is support &...
Looking at the BTC/USD daily chart we can see that BTC is still under its Least Squares Moving Average as well as still under its Bollinger Bands Middle Band Basis 20 Period SMA. Note that we have expansion of the Lower Bollinger Band. BTC is still in a Descending Pitchfork Pattern and has found some support from its Upper Green Pitchfork Support Line. Note that...
Why is this a buyer's market? 1. Moving averages in the past were bought (200MA, 300MA) 2. Everyone is looking at 200MA. This can break down also. 3. Great support at 13-16k if capitulation is not over at 24k levels. -------------------------------------------------------------------------------- Next will analyze RSI to spot rare occasions to DCA...
As I mentioned in my previous VET post in March, there was always a possibility that VET would drop out of the Bottom Trend-line of its Ascending Wedge and Invalidate that Ascending Wedge Pattern, which has happened. VET also failed to get back above its 0.236 Trend-Based Fib extension Level on that previous chart so we know that $0.087 is the price that VET needs...
A quick look at the ADA/USD 1 day chart: ADA is still below its Longterm upwards Pitchfork (Blue A,B,C) Median Line on this 1 day timeframe. ADA is also below its smaller descending Pitchfork (Black A,B,C) Median Line on this 1 day timeframe. ADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1 day timeframe. Note that the Lower...
Bearish momentum seems to have stalled out. Even when looking back to 2018 and how we dumped at similar relative levels--we have yet to see much of a bullish shift in perspective, even with rising prices. This could be signaling some sort of bear trap. When you look at things from a perspective of strength--I am not convinced that bears have the strength at this...
Here's a possible scenario from the chart using a common Elliot Wave pattern. The dotted lines are support/resistance in confluence to the VPVR. Whether or not this plays out is dependent upon geopolitical concerns, and how the market responds to the fed increasing interest rates by 50 basis points next month. I will personally never sell the bulk of my Bitcoin,...