BTC is far enough passed the 50 retrace I think it's likely to hit the .618 then sell off. Could see it happening Sunday or possibly near the new moon on the 11th.
some basic fib retraces and date ranges. Anyone else think btc could touch the .618 then come all the way back to fill the futures gap by April or May 24'?
Spiral Calendar (fib number of lunar cycles) measured from New Moon post Spring Equinox (for local tops) and Full Moon Post Winter Solstice (for local bottoms) is very interesting. Will try and update the chart to be a little more aesthetic soon.
Looking like we might start to see a pullback going into the full moon. The I fully suspect we make new highs going into the next super new moon Feb 20th Also Saturn transit into Pisces March 7th
Nothing profound here just making note of some trendlines The post is marked at neutral but I think we see a small retrace before the next leg up
One more dump coming! Forgive the ugly chart, was using it for something else but wanted to show the declining wedge into major trendline retest / possible double bottom. Will look to reload at 32k unless we don't fall that low then watch for a dip around Feb 16th.
Making note of some significant astrological events late 2021 and early 2022.
Just making note that trend based fib extension from Covid dip shows were resting right on the .618 after making a new ATH
Square roots of a fibonacci number of moons. Measured from New Moons after the Spring Equinox and Full moons following a Winter Solstice, can be good indicators of local tops and bottoms. Top is calculated forward and backward from the first new moon after the Spring Equinox 4/11/21 Bottom (red) is measured back from the first full moon following the upcoming ...
Making note of some significant astronomical events for 2021
Possible declining wedge forming. Institutions are accumulating despite FSR being heavily shorted.
Spy is at the end of a massive rising wedge. I think we might see SPY retests the bottom of the wedge tomorrow followed by the beginning of a correction Thursday.
Bitcoin has blown through multiple trendlines, the 233MA, 144MA now acting as support. Trading above middle Bollinger on weekly, solidly above 8MA on daily, and is just under the 50 retracement level of $46,849. I'm seeing consolidation more than I see a significant pullback.
Return to mean from $64,899 high to $28,800 low is $46,849 Just pointing this out Less annoying chart -
AT first glance it looked like there might be more downside, but after a second glanced FSR is retesting a major trendline. You can see where we touched 14.48 again this morning hitting the trendline and making a possible double bottom. I would expect at least a small bounce off this trendline tomorrow. From the ATH of 31.96 to the most recent low of 9.26 we saw a...
BTC testing the .382 retracement, 233MA, and major trendline simultaneously on the daily Forming a rising wedge as well Another view -
Massive rising wedge Fib circle retracement looks very possible Full moon on July 23rd give or take a few days would be my guess for timing
BTC might be moving into the blue upwards channel. If the trendline and 377EMA hold then look for a retest of of 38 to 40 range.