cmbaar

cmbaar Updated 

This chart gives a lot of macro technical outlook! If we mark the CYCLEs on the BTC over a log monthly chart, we can see that they connect and mark the top pretty good. This is of course common for all. Now, let's add the 3 more ARCs to mark the bottoms. Now, it starts to get a bit out of common. When we look at it, everytime after the TOP, BTC dropped below...

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It's gonna be choppy for the rest of the week. Some will lose hope and sell, others will be fed by the fear and buy. On the hourly chart, If we close below the mild support line (currently around 34k), we will once again test the important level on 4H time frame. If we close down below 31.5k, then there is nothing in between but to lay down to 26-27k region. At...

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Ascending break out

cmbaar Updated 

In terms of technical analysis, DAX is the best exchange, thx to German guys. As you can see, it was in an ascending triangle and it was a steep one. Resistance is once a long term support for the uptrend. It ran out of fuel and probably early next week, it will pull back gradually to 10400-10500 area to fill the 1st gap. After resting there for a while, we will...

cmbaar Updated 

As you can see on the hourly chart of BTC, using GANN which perfectly fits the graph (especially 200MA) we are on the edge of a breakdown towards below. It will happen in steps but 8.8k (50 week MA in bold blue) will be the first target. Afterwards, probably even lower than 8k will also be tested first, before a mega trend towards ATH can start