Riester

Riester

1. Convergence of 3 EMA’s on 15m & 1H 2. Top of cloud as support 3. Bearish triangle from May 8th (purple trend line) 4. Bullish reversal on 1H stochastic 5. Liquidity @ 9200 on the 4 hour (green line)

Riester

1. High liquidity @ 8875. Acts as a magnet to price 2. Stoch reversal on the 12h about to flip 3. 55 EMA on 12h timeframe acting as support 4. 222 EMA @ 8100 acting as support 5. Bearish hammer wicks to 8500 are a bullish indicator, as bear attempt to drag down price failed I'm going long

Riester

Just a thought

Riester

Speaks for itself

Riester

Left side is HTF of the pandemic crash and subsequent recovery Right side is the last 24 hours. Fractal. Fractal. Fractal.

Riester

Another example of the curious "Time Ratios." Not sure where this is going, but I'm accruing examples to analyze in the future.

Riester

Posting this for posterity. And by posterity, I mean my future self. I hope to repeat these "Time Ratios" on multiple harmonic patterns to see if there's a predictable outcome for tracking price in these time ratios. Any thoughts are appreciated...

Riester

Macro horizontal triangle correction. Long term position: short to Support @ 5800. Targeting June 2020 Then... well we all know the answer to this one. To the Moon!

Riester

Elliot wave speaks for itself. Expecting 5m Stoch reversal to bottom Wave 2 @ 0.382 FIB. From there we retest FIB levels until we retest wick to ~10080. I'm buying bottom end of W2 @ 0.382

Riester

Fibonacci extensions for entire history of Bitcoin. I used such high levels to increase abundance of notable S/R areas. Price points stem from other TA using various tools, but the exact time for the price points is just a hunch.

Riester

Longer term dynamic S/R over the last week Shorter descending symmetrical triangle Possible breakdown of triangle @ 8600. Bitcoin is about to test the bottom support of the descending triangle @ 8600. If that fails, and we break out of the descending triangle , the closest S/R area is @ 7800. On the other hand, if we the support holds and we rebound, we should...

Riester

Macro Elliot Wave patterns have predicted Bitcoin correcting to 2500-3500 this Summer. My analysis is an extension of this. The rainbow lines are fibonacci multiples of the logarithmic regression of the price of Bitcoin. Each color corresponds with a specific ratio. From purple to red going up are the positive multiples (0.09, 0.14, 0.236, 0.382, 0.5, 0.618,...

Riester

The "Zero Line" is a calculated Logarithmic Regression of Bitcoin over the last decade. Above the zero line are rainbow lines. Each color represent a specific Fibonacci multiple of the log regression. From purple to red, the regression is multiplied by the common Fib ratios (.09, .14, .236, .382, .5, .618, .786, .85, .9). As you'll notice, it does a fantastic job...

Riester

We will see...

Riester

The bottom white curve is the log regression of Bitcoin's price action since its inception. The regression was broken on March 12 when Bitcoin shit itself to the 5000s. Each line in the rainbow of curves represents a fibonacci multiple of the bottom regression line. The regression is multiples are your typical retracements from 0 --> 1 (.236, .382, .5, .618, .786,...

Riester

Stoch reversing on hourly. Descending triangle, and 5 wave correction. Enough said, I'm shorting.

Riester

The idea is simple: I looked at the high time-frame trend, low time-frame trend, Stoch, RSI, and Support/Resistance 1. High time-frame (12h, 1D) shows a logarithmic dynamic support. 2. Low time-frame shows trend line (purple) of Lower Highs which price might backtest as support in the next 8 hours. 3. Stoch is turning downwards on 15m and 1h 4. RSI is...

Riester

First things first: Two descending parallel channels mark dynamic S/R since April 1st, 2020. The bottom limit of the wider channel (outlined in green) marks resistance in early April, which formed a descending triangle to 6800 before a breakout to 7500. The second descending parallel channel (outlined in red) marks support of lower lows on April 10 & 12. What...