TOTAL 2 is a chart i have posted in the past but not opften enough recently and a post in Tradingview recently . jogged my memory...and this is what I See. TOTAL market Cap is the top 125 Coins minus BTC and so can be seen as a Top ALTS chart, showing the performence of the Top ALTs against Bitcoin And as the chart shows, we have seen a rise recently, a...
Vertical linesa show Previous and Current JULY monthly Bitcoin Candles Currently we have a RED July Candle and that follows on from a RED June Candle. This has Never happened before now. But what is VERY interesting is the repeating pattern from just last year, that may or may not play out. In the Circle, we have a run of Green months, starting in Jan 2023...
I thought I would Update the Fib Extensions to the Bitcoin Index MVRV Z score. Hate to admit, I had forgotten to look at these recently. And, Simply put, we Are approaching a line of Decision time. That red line below the 236, is a point, that once crossed, is not that easy to rise above again till after hitting the bottom. Vertical lines are ATH dates so, it...
#Bitcoin Weekly Closed with a big Red candle. But this has happened before in August 2023 but while there are some loose similarities with the Ranges then and now, we currently seems to be a lot more Volatile. The Low to High of that range in 2023 saw approx a 24% see saw. We currently have a 37% see saw and we may yet go lower But we do seem to have found a line...
I have been posting this chart since around March this year and we have finally reached the 2 arrow line. This has given PA the Tme to recover from the 18 months of Bullish activity we have seen since Jan 2023. It is also now given the Weekly MACD an accelerated descent. This needs to happen to give PA support for a bigger move. However, the weekly MACD is...
I have not Looked at the CME GAPS Chart for a while and here it is WE HAVE A NEW GAP TP FILL..2 in fact but the lower one is so small it may not be worth the workl to fill it. 90% of Gaps get filled and given the dominance that CME Futures has now in the Bitcoin Market, I see no reason why this one will not also be filled. So, PA is very likely to descend to...
Since Last year, I have been commenting on how BTC PA seems to be running along the path of 2013 to 2017 ATH And here is another set of similarities. The Arrows on the left are the Run from 2013 to 2017 and what I want to draw your attention to is the sequence of Red Green Red Green candles. After the 2013 ATH, PA went into a series candle colours, 1st Quarter...
As you can see from this simple chart, With the expectation that the JUNE candle Will close Red, we can look back over history and see what is likely to be next. Since 2011, we have had 6 RED Monthly Candles, including this current one. Of the previous occasions, the July Monthly candle closed Green on 5 occasions. That does point towards a very high likely...
I have been posting this idea for some time now. And we seem to be still following this idea, with a tolerence of error. But the question remains, which 2021 ATH is the root of this pattern. Below is the chart with the Fractal based off the March 2021 ATH, Which many say was the only ATH..But, well, It was not.... The similarity in pattern here is uncanny,...
Really easy to read this chart The MACD indicator is the Lower on the chart MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. Traders use the MACD to identify entry and exit points for trades. MACD is used by technical traders in stock, bond, commodities, and FX markets. After the March...
There a so many reasons, Technical and fundimental, as to why you shodl buy Bitcoin and Hold Here are just a Few Technical reasons why Buying now and even just holding till the next high is a good idea. On the main Chart, we can see that PA is in a Bullish Pennant. Apex date is around Mid September. PA WILL react before this date- PA is also sitting Above he...
I have been posting this idea for a while now and PA is still on track witht he post 2013 ATH PA pattern. This is marked on the main image on the left The closer picture is below [/We are currently in the area that the large White arrow is pointing towards, The Rise to a Peak and then the -34% Dip. From this point,. Note ow PA Rose to the Next ATH Below is...
#Bitcoin Weekly - long Term Chart Over all, PA is still in a Pattern and that pattern is different depending on what type of chart you are looking at. But they are nearly all Bullish. But, for the moment, it seems we drop a little further. And on this chart, we can see that the 59K USDT line on Long Term Support maybe the bottom of this. That would retest support...
This is the OTHERS.DOMINANCE chart on \ MONTHLY scale. Altcoins Dominance — Index Chart - TradingView Crypto Total Market Cap Excluding Top 10 Dominance, %. OTHERS.D Crypto Market Capitalization. OTHERS.D I have marked the Bitcoin Halvings and ATH also as a marker and we have a number of very interesting things to note. Lets start at the beginning. ALTS first...
Been away pn family Business Now back AND...................... The Squeeze I was talking about ( arrow) has been negated and so now we continue to fall in the Fib circles, with the 236 acting as support. And we Wicked down to the 3 Fib extension and. for now. have found support. And for me, I think we could stay with this as support for now, maybe longer. If...
On first glance, the Run from 2017 to the 2021 ATH and the current path from 2021 to the Next ATH, could be seen to be very different in so many ways. And They are, I pointed out the First and most prominent difference recently when I showed how PA was level with previous ATH level at the Time of Halving for the First time Ever. However, as this old chart...
One of the MAJOR things we look to in trading are TRENDS. They give us patterns and Signals and the Longer a trend has existed, the stronger the "Suggestions" it can Give. Bitcoin has been in a rising Trend since it hit a Low in 2011. From this point, it has been subject to rejection off a Fibonacci Spiral. ( I have explained this in detail in other posts, so I...
It is actually a HUGE difference too The First Halving was in Nov 2012 and 35 days later, PA began its rise to the ATH in 2013. From there, the next halving was in July 2016 and you will notice that PA Was currently Below the previous ATH level. PA begansd its rise to the next ATH around 80 days after Halving. The next halving was in May 2020 and once...