After a -37.90% correction from the all-time high, price action confirms a death cross fakeout between the 55EMA and 200EMA on the 4H.
It now has a solid chance of breaking through the 163 USD resistance, which would make me bullish on every higher timeframe as well.
I'll try and be as brief as possible in this one.
I believe this to be a pivotal month for ETHBTC.
Either we see a full-fledged no-excuses breakdown confirmed with a weekly close below the last wick on said timeframe, or I will continue to think that a macro low is being formed here.
There is everything you want to see here if you're going to take a bullish...
Anything that follows is not to be taken as financial advice.
This is the Binance weekly chart for ETHBTC, with a single indicator loaded on: the Bollinger Bands Width Percentile.
The BBWP is a volatility indicator that measures whether or not we should be looking for the price action of the examined asset to contract or expand in relation to its own past...
In this brief and simple analysis, I'd like to focus your attention on the interplay between the 55EMA (green line) and the 200EMA (purple line), on the 1D timeframe of the index chart for BTCUSD.
In technical analysis, when a faster moving average crosses above a slower moving average, you obtain a bullish cross, when the faster one crosses below the slower one,...
As usual, what follows isn't financial advice but a mere observation.
This idea is to be considered as a follow-up of the one that can be found linked below.
As explained in my last study, we're witnessing extremely low levels of volatility on the weekly timeframe for ETHBTC.
While price action wasn't exactly confidence-inducing until a couple days ago, tides...
Anything that follows is not to be taken as financial advice.
This is the weekly index chart for BTCUSD, and the moving averages you see in the picture are a 55EMA and a 200EMA, the only two EMAs I care about for calling death and golden crosses.
On lower timeframes such as the 4H and the 1D, you'll notice that when they get close to each other to form a cross,...
Anything that follows is not to be taken as financial advice.
As you can see from this weekly chart, Bitcoin dominance has been trying to paint a low since may 2021.
I've had that 48.20% horizontal ray placed for almost two years, and we can observe how it's been already tested four times so far in the course of said time.
While that level has been working as a...
This post is merely a follow-up to my December 2022 study and does not constitute financial advice.
We now see the slope of the "Accumulation/Distribution" switching to the upside, meaning that a macro bottom has likely been confirmed.
Any potential retest around the 20k level will be considered a long term buy.
- MAIN INFORMATION -
Everything that follows is merely a simple study and does not constitute financial advice.
Every first of the month, over the past few years, I take a look at a useful free indicator on the index chart of BTCUSD called "Accumulation/Distribution - with markers" to determine whether the slope is going up or down.
When the indicator goes up,...
First things first, I'm not a financial advisor.
Ethereum is looking primed to break out of a structure resembling an ascending triangle on the weekly timeframe.
This chart shows all the potential future targets based on fibonacci extensions if the bulls happen to take full control of the market.
All extensions are based on a logarithmic scale.
As long as the 4000...
First of all, I'm not a financial advisor, so this mustn't be taken as a financial advice.
In trading, simplest ideas usually work best, there's no need to make things more complicated on yourself if there's no necessity.
Bitcoin is on the verge of an actual prolonged bull market and we're being given the chance of entering a macro-term long trade.
This asset...
