On the weekly chart, CFX displays a promising bull flag formation. In the long term, it resembles a head and shoulders pattern around 0.09, with a favorable risk-reward profile. There are two resistance ladders on KDJ and Fisher indicators that need to be surpassed. The projected path is shown in black. The bull flag setup remains intact, even potentially...
My second 2020 prediction for Bitcoin, is that we have to hold above the 10,000 mark in order for the next bull run to ensue. If we drop below 10k and stay there, then it's very likely we're in a larger "moon and 3 cats" fractal, that will result in a multi-year bear market for Bitcoin. Very pivotal point for BTCUSD! If you want to know more about "Moon and 3...
Bitcoin Weekly Chart and Niko Bakker's Phase Analysis - I learned about Niko Bakker and his Domino and Phase Analysis work from Brian Beamish's Level 2 Moving Averages Module. The idea is similar to other Moving Average Studies that combine various averages and look for them to cross to give us an overall idea of trend direction and market state. Keep in mind that...
Pretty funny, price is against the AVWAP from kingsday 2017 and 2018 Bearflagging here, could turn into a nice short
This chart layout is another tool i have made and use to scan the market and monitor the volume All indicators on this chart are Btc/usdt Binance except for the Shorts vs Longs window which is Btc/usd long vs shorts on Bitfinex From the top on the left: Macd (Moving average Convergence Divergence Btc/usdt binance chart including the 9ema,...
This is the most useful indicator I have found for identifying major market cycle tops and bottoms. As you can see we're still very far from a bottom. I expect this to flash a bottom signal somewhere in the $1,600-$2,200 range.
Volume and OBV are both not supporting the bullishness of this wave (III) We are likely to continue forming the wedge (in 5 waves ideally) on lower volume and break down right after. Sell here and buy at the level of green support trend line. For further analysis check out my other published charts that I linked bellow. Cheers : ]
We might be cought in sideways within the red channel for another 20 days. I look at the Willy or MAGNUS™ indicator and compare it to a similar situation we had a couple months ago. The yellow box had some rangebound action in it with a little breakdown in the middle ( just like we had it now ). The question is what will happen after the yellow box? The red box...