dragononcrypto

dragononcrypto Updated 

Outlook for the remainder of the year. The ETF inflows have generally remained positive at new ATH levels, while volume remains low and price remains flat. This suggests considerable distribution from OTC sellers, namely longer-term holders, per HODL waves analysis. It's been 3 months since breaking ATH in March, with price unable to move higher. The...

dragononcrypto Updated 

2019 fractal to scale with similarities so far. $25K needs to break for bull-flag confirmation. $30K needs to break for +80% upside target to ~$50K.

dragononcrypto Updated 

Price is breaking below the 50 Day MA,it doesn't look like there will be the imminent breakout above $25K this month anymore, unless price is to close back above $23K in coming days .

dragononcrypto

Based on 2019 fractal using Moving Averages (20,50,200) and Visible Range Volume Profile (VRVP): Some similarities, some differences. 20 MA @ $21,950 on 3 Day chart will be the key level to look out for.

dragononcrypto

With the relief rally continuing, here's my overview of current and future market sentiment to come.

dragononcrypto

Weekly Hash Ribbons buy signal confirmed, price: $43,829 (CB). This would be the 12th buy signal in 9.5 years if not mistaken, after the most aggressive miner capitulation since 2021 with hash rate dropping by more than 50%. . This buy signal is the first in 8 months as well as first of 2021, since the price of $19.375 last year. Recent buy signals : Nov 2020:...

dragononcrypto

After confirming a symmetrical triangle, the upside target for ETHBTC is around +40% from an upwards breakout to approximately 0.09 for new multi-year highs. The downside target is -32% back to previous resistance and volume support level. While ETHBTC remains in a longer-term bull trend, the likelihood of a break to the upside is more likely, given these...

dragononcrypto

Price at TD 9 Sequential reversal on Daily chart with a bearish sloping 200 Day MA resistance level so expecting a small retracement. Price above $37K volume level for now, where most of the volume as come from in past two months. Likely to act as new support. Price held the $25-30K level as anticipated, the short and mid term MAs lie around $34K-35K, the...

dragononcrypto Updated 

Bitcoin's imperfect descending triangle currently targeting a measured move to $24K volume support zone. The $20K level of VPVR strong support also lines up with the logarithmic growth support trend-line. Short term looks bearish, long-term looks like a buy the dip opportunity before 6 figures. Never underestimate the accuracy of Bitcoin's descending triangle...

dragononcrypto Updated 

Hash Ribbons tells us to remain patient for the buy signal as capitulation continues MA Ribbon suggests further downside, but price is at Weekly MA support Bullish broadening wedge in the making, not yet confirmed Buyers vs sellers accumulation zone in yellow Based on the January 2020 VPVR model:

dragononcrypto Updated 

After passing the mid-level by February 2021 of the current cycle, with an anticipated top around December 2021, are we over-extended in the current bull market cycle? Notably each cycle from lower band of the logarithmic curve to the upper band has increased in velocity in each movement. I still believe in $100K+ by the end of 2021, but $50K already? ...

dragononcrypto Updated 

Fits to scale, no adjustments.

dragononcrypto

Hard not to notice the similarity in the parabolic run from this winter compared to 2019. I hadn't considered this fractal until I matching them up. Both bull runs come from the lower bands of the logarithmic growth curves to around the mid-band, with approximately a +250%. This would imply a 6-month long down-trend extending to a 50% correction. Therefore...

dragononcrypto

What will the break of the symmetrical triangle bring: $12K, $9K or more $10K? Bitcoin Hash Rate, Dominance, Energy, NVTS & Volume Logirthmic Curve & Network Growth : $100K in 2021?

dragononcrypto

ETH has broken away from it's 2017 fractal structure, now suggesting a return to the norm of the VPVR point of control around €188 ($221) may be in play. Expect the 150 MA at €274 ($322) to be defended if price falls lower, as well as the old resistance level of the 2-year long resistance trend-line, followed by volume and long-term moving average support within...

dragononcrypto Updated 

Interesting 17 month long head & shoulders pattern developing on MKR. Target is 2x head to neckline measurement, that would also re-test the horizontal resistance and beginning of neckline from June 2019 high. Price otherwise looking for support from the VPVR Point of Control around 0.047, while RSI has broken back into neutral territory from bearish. CMF has...

dragononcrypto

Hash rate: Bitcoin Hash Rate Indicator. Dominance: Bitcoin Dominance Oscillator (BTC.D RSI) CME Volume: CME Bitcoin Futures Volume NVT Signal: Network Value to Transactions (NVT) Signal with RMA Energy: Bitcoin Energy Value Oscillator

dragononcrypto Updated 

Cautious shorting the current 4hr candle on BTCUSD, currently looking at a bear trap on the CME futures chart with a TD buy signal on the 4hr. Bears are also failing to move price strength into oversold conditions, signalling signs of bearish exhaustion, as CMF returns to positive. S&P is finding support (for now) from the 200 Day MA that could confirm with a...