MoonAirspace

MoonAirspace

EVWMA on the 4H has been my guiding indicator for years. I typically view it as a tool to time entry points after a sell off. When it begins stabilizing and volume returns I eye potential buys. Squeeze indicator also indicating a high likelihood of continued dumping. Fully expecting to retest recent lows in the coming 1-2 weeks. Multiple macro drivers in bears'...

MoonAirspace

Super short. BTC/USD 4H EVWMA looks horrendous, signaling a likely top. This has been my leading indicator of tops and bottoms since I have been trading.

MoonAirspace

Above is my most recent macro view (1D, YTD) chart for ETH/USD. 1. There is still a long-term descending resistance above. This was materially confirmed between Feb 14th and Feb 19th and broke the parabola ascent ETH was previously painting. This is most likely where bears decided to make a stand due to COVID news, and resulted in a high-volume selloff to take...

MoonAirspace Updated 

ETH/BTC Ratio has bled under .029. My thoughts on the 3 most probable outcomes: Bitcoin cools and holds $10,000+. This would be yet another indicator that we are in the early stages of a bull market. If BTC holds between $10,000 - $11,000 on sustained volume, ETH/BTC will likely recover to 0.03+, with short-term targets laddered between the .031-.035....

MoonAirspace

Super simple chart. I expected a far stronger dump by now. Due to that not occurring, I have started entertaining the possibility that we might not have a strong selloff. This would fall along my thinking that stronger hands are now in control of the market. Above I have indicated the similarities between our current price action and that of 2017. Volume is...

MoonAirspace

Bullish Points: - Bitcoin painted a higher high on the 9th day. - Bitcoin did wick above $8,200. - Higher lows for the past 3 days. Bearish Points: - Although it wicked above the $8,200, it failed to close above $8,200. It has not yet attempted $8,400. - Squeeze indicator still favoring bears. - 5 Day Volume Moving average at ~8k, with the 2 30K+ bars being...

MoonAirspace

Bullish (higher high) ranges are in orange/yellow. Bearish ranges (lower low) are in light blue. We have spent >4x longer in the $7,400 - $8,200 range than any local lower range. This is a bearish indicator as it indicates that Bitcoin is cooling and buyers are less confident in upward price momentum. We also have not even attempted to break the $8,200 resistance.

MoonAirspace

It is looking like this will continue to play out: And now we have a stronger chance at breaking our supports here: In this chart, we are utilizing the EVWMA, Keltner's Channel, and a Squeeze Momentum Indicator. The EVWMA is heading flat (first time since bottom) and is lining up perfectly with the bottom of the Keltner Channel (aqua circle). We can also see...

MoonAirspace

Above you will see the Madrid Moving Average Ribbon utilized. The first (lag-confirmed) downtrend warning signal was strong, but took time to confirm. The second was moderate and also took time to confirm. The third was what led to our actual short-term reversal. This 3rd warning signal was moderate, but confirmed shortly after occurring. This illustrates a...

MoonAirspace

The Bitcoin 1D EVWMA acted as my primary indicator for the bottom. Now it is acting as my primary driver for the top. The (lack of) momentum of these bounces combined with the strong resistances above us combined with the obvious downtrend on short and long term timeframes has finally swayed me short-term bearish.

MoonAirspace

(Note this is on Bitstamp) I wanted to start the week off with a look at the 2H. People who have seen my posts know that I highly value the 4H for intra-week trades. The 2H just helps us get a slightly closer look at the value of supports and resistances. Note: I'm still net-bearish due to the daily not yet making a higher high. This chart is essentially a...

MoonAirspace

Based off BTC's history of parabolas, we will rally for a few days, and then potentially see a lower low. Buyzone is ~$7,200 - $6,400. We are currently in the aqua rectangle inside the much larger yellow rectangle. See past parabolas:

MoonAirspace

Bitcoin July '17 Parabola Break We are currently in the green rectangle inside of the larger yellow rectangle.

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January '17 Parabola Break. We are currently in the green rectangle inside of the larger yellow rectangle.

MoonAirspace

Bitcoin March '17 Parabola Break. We are currently in the green rectangle inside of the larger yellow rectangle.

MoonAirspace Updated 

This is probably the most important chart I've posted since the big drop from $8,800. It is also the simplest. We have had a very substantial bullish run over the last 5-6 months (~165%) and the current retracement has been ~18% (top wick to bottom wick). This is roughly half of the average of what we have come to expect in the past. I am expecting more pain in...

MoonAirspace

This chart is very simple. I have shown the similarities, and the need for volume within the next few hours (black arrows). If we do not have volume, there is a chance the same fractal plays out and we see a very high volume drop. The similarities are eerie.

MoonAirspace

The first dump (rectangle) was higher volume and also longer-sustained than the second dump (rectangle). This indicates that sellers lost confidence upon returning to that range after the first bounce. Sellers did not want to dump into buyside pressure the second time. This does not indicate we are heading back to $8,000+, but it does indicate that we might see...