Sporia

Sporia

Is Bitcoin in a triangle? did 5 days above this line break the formation of the triangle ? or can we discount this "organic" price movement. As long as we stay in this triangle and create lower highs we are still on track for much higher prices Important date , May 23rd 2021

Sporia Updated 

Bitcoin has created ascending wedge high chance that we drop down more here , possible retest of 55k to the VWAP with a strong bounce. Anywhere from 55k -56k

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I know its ridiculous right 80k Ethereum is that even possible ? Well Gann Fan showing that really it is possible , the 2/1 ratio line is most likely going to stop Ethereum in its tracks right I don't see it pushing past this ratio but even if Ethereum just touched this line it would be something special. So lets see what prices Ethereum would be touching the 2/1...

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The Puell Multiple is going to be the key for knowing when the cycle top is reaching its conclusion. Is it going to tell us the week or the day? of course not this is one of the reasons the Pi Cycle failed because there will never be a model that gives you the exact date of future events unless you discovered a crystal ball in that case DM me. So with Puell , we...

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This area here is high risk for entry for longs, wait for at least a 4hour close above this resistance line ratio of 4/1. If we close above we just have one more resistance area to break before we move to all time highs of 70k plus . Now a rejection here would be a classic bitcoin bull trap and we could see much low levels maybe even a retest of 53-55k. At the...

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Sometimes inverting the chart can give you a interesting perspective on price momentum. simply right click the price list on the right hand side of trading view and a drop down box will will show "invert scale" , you can even do it now as you looking at this TA. Not looking good for now , if we break 2/1 we could revisit 50k.

Sporia Updated 

Price needs to break past a few layers before we can see a all time high again , price hit ratio 1/1 and has had a massive bounce and also closes a 4hour candle above the next ratio 2/1. So far things looking good but everyone should be cautious until at least we break 4/1 at around 59k.

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October 2021 = 260k

Sporia Updated 

The 4hour RSI is forming a triangle with a decision point by May 4th 2021 which also aligns with a Fibonacci Time Zone. The 4hour RSI also has formed two lower higher points , to early to call bullish divergence but a third lower high and we would start to see momentum shift. Important Points 44000 is where there 21 Weekly EMA currently sitting May 4th Fib...

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A lot of people are panicking because the Pi cycle top indicator is very close to crossing and every time its crossed within 3 days its called the cycle top, but what we have to keep mind is that this was created after all the cycle tops , so its the first time it will actually be used during a bull run. We are just under 3% measurement to cross if we compare...

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In the last cycle bitcoin dropped about 5 times to the 21 weekly, 3 out of the 5 times the weekly RSI hit about 53. In fact to start the bullrun last cycle we started off the 21 weekly exactly the same as this bullrun The 21 Weekly moving average sits at about 44000 and the weekly RSI is currently at 57, play close attention here because while every is panicking...

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If bitcoin can hold this support line then we could be just be hours or days away of a major move to the upside. This support line doesn't just go back to February it starts all the way back in December 2020 , I will include my previous TA so you can see that trendline from December 2020. Since February this support has been broken two times , for just 24hours...

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Since the start of the bullrun when bitcoin on the daily enters overbought zone above 70 on the RSI things start moving very quickly upwards. We have a average of 32 days in this overbought zone so far in this bullrun , resulting in major acceleration in momentum. Since the 8th of January though we have been making higher lows. I think breaking this key...

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This is a follow-up to my previous TA which I will link down below. It is very much possible that a blow of top scenario plays out around 100k and if that does happen then the chances of that been a intracycle top increases dramatically. If price does pop at around 100k on June 8th 2021 and then comes back down to the 0.5 Fib and holds, the intracycle top theory...

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Today I have been going over the possibility of intracycle top playing out for bitcoin. In the past there has been one cycle that has had a intracycle top and that was the cycle of 2013 , price peaked and crashed only to come up later that year to put in a higher high. The Fibonacci Time Zones I have set on these dates have been working really well so far at...

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Every time we have created a ATH in bitcoin this bull run its eventually pulled back to the 0.5 Fib. Is it possible that this time round it does the same will it find a local bottom at the 0.5 Fib at 52362? Also Fib Time zones is showing 10th of April for next potential important date. Looking for these key signs for long entry : Strong volume breakout 0.5...

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There is not much to say here really , can it be that easy lol.

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There many trendlines that you can follow this bull run for me its this one , it has by far the most interesting confluence points and it starts with the run breaking previous ATH. What I have noticed is that this trendline is a catalyst for momentum and more importantly it seems to happen on weekends. Whenever we bounce off this trendline on a weekend we...