The chart is a Bitcoin 4 hour chart. I am using the "line" to take away the noise of candle colours. These are Fib Circle that are falling from left to right and they are strong. The RED ones are 236 Fib circles and usualy cause rejection and you can see that currently as PA is stuck under one We are also using the 1.382 Fib extension as support. this is creating...
It is a question that has been asked for a while now. What on earth has happened to the Fabled ALT Season ? The Time of Quick and Fast earnings on ALT coins. Market Cap data shows us very clearly how Bitcoin alone is responsible for the lack of ALT Season so far. In summery we see that, using the Market Cap charts, the recent pull backs since December 2024,...
The chart above has the 50 SMA ( RED ) and the 100 SMA ( BLUE ) Note how the 50 has acted as support on a Weekly chart More than anything, Note how it was used at the end of the 2 previous ranges of BTC this cycle. Projected 50 SMA points towards Contact with Pa in June, providing PA ranges as is now. The Daily chart is a little different. On this chart,...
Since January 2023, Bitcoin has risen to its current Value in 2 steps distinct and we sit on the 3rd step now. But this Step is so VERY different and the potential Fragility exists The chart explains this clearly. The First step was in April 2023 and saw PA descend till June and remain in range till around October that year and saw a total retrace of around...
At first glance, that is a crowed messy chart but once you understand it, it is very easy to read. Also, I have only 2 sets of Cycle data to use as prior to 2013, PA worked very differently and it only entered the channel you see in 2013. "Trends" shown by Trend lines take a minimum of 3 points to make it Valid, so all of what I am saying is very hypercritical...
It is a very simple question and one you should be asking yourself RIGHT NOW And here is why. On previous 2 cycles, we have spent around 1440 days , on average, Between cycle ATH and the next Cycle ATH and so, by consequence, it should be easy to project forwards now, and estimate when to expect the next cycle ATH. YES, except for the fact we had 2 Major ATH's...
It is the question on Everyones lips right now Where next for Bitcoin And there are so many options available to look at To start on the Bullish . The chart above is very dependant on PA still following previous cycle patterns and, if it is, then we still have a long way to go as we have only just entered the 4th section of a 4 year cycle. As you can see, ATH;s...
Bitcoin Gold trading pair PA heading towards 2.272 Fib extension line. This has been Support since Nov 2024 and is now a firm line of Support at 34.52 Ounces of Gold per Bitcoin Also about to hit 100 Daily SMA )( SMA ). This may also provide support just above the Fib line Since December, we have been seeing a Rise in Gold prices as demand escalates due to...
OTHERS crypto Market Cap Monthly candle colour close since 2014 OTHERS Crpyto Market Cap - Top 125 coins Minus top 10 by Market Dominance. OR, Mid Cap ALTS February stands out MIGHTILY in the otherwise very closely matched Months in the OTHERS ALT Market February is unique in the Lower Cap ALTS with a 4x higher chance of a GREEN candle close January 2025 closed...
Been posting the Bitcoin version of this for a while and so now, I expanded into the TOTAL CRYPTO MARKET CAP CANDLE CLOSE COLOUR on aMonthly chart January Closed GREEN February has 8 Green to 2 RED since 2014 Only 3 Green Feb candles after a Green January, which we just had Only 1 Red February after a Green January After those 3 Green Jan Feb candles, 2 Green...
January Candle closed GREEN after a RED December close. This now complicates issues greatly. Of the previous 7 Green January Candles, 3 were after a RED December We just created a 4th Green January after a RED December, which was the last December, 2024, current cycle. From those 3 previous occasions, 2 of those went to a RED February and the 3rd was a close call...
So, after 3 previous Rate cuts, the FED decides to Hold station and Keep rates as they are currently. This keeps Borrowing / repayment at the same level and as a result, the $ initially rose but soon lost all gains. Today, it is trying to come back. Bitcoin, however, Jumped the gun and made nearly 4%. As we can see from the last 3 years on the chart, Bitcoin...
I think there can be little doubt as to the fact that we ARE on the 5th Elliot wave and so an ABC correction should be expected. The question is how Deep will that go And we all know how hard that is to predict, Stupid to try and be to clever about it, even more so these days with times changing in Crypto world However, given market sentiment, I do not think it...
The one thing that has stunned me about Bitcoin is how the Traders Psychology remains consistent. Over periods of Time, while Bitcoin was well known or not, it repeats cycles like Clockwork. This is one of the things thats makes it so attractive. So, what makes me say this ? The main Chart has 2 components. The number of days PA takes from Low to ATH. We also...
As we approach the Christmas Holiday I thought I would just drop this in to read. The expected GREEN December began but the draw back over the last week or so have now turned the Monthly candle into a RED one. As it is right now, the Candle is a Mini imverted Hammer. Shoudl it close like this, there has only been ONE opccasion that December closed like...
Not many people Will like this idea, including me but as someone who will ALWAYS try and look to Both sides of possibilities that exist , technical and Macro, I am beginnign to think that the ALT seasons we have seen previously may become History. And in fact, some evidence of that already exists in the Way Some ALTS ran Hot right from the start, like INJ BUT,...
We had a lovely November Green candle close, as expected after the sequence mentioned last time I posted this chart, that seems to be following the 2013 - 2017 BTC Fractal. But whats coming in December then ? To date, we have had 7 Green December closes, to 6 Red Of those Red candles, only 2 were Red after a Green November. and they were in 2013 and 2014 and that...
Nearly Everyone looks to BTC.D to judge when ALT season starts, and while it is obviously Not wrong to do so, I have Looked at OTHERS.D for a while. alongside BTC.D And this is what I find. But first, a little History lesson. Bitcoin began in 2008 and was obviously The only one. The First ALT coins were mined in 2011 and included LITECOIN and NAMECOIN. ETHERIUM...