Hard to deny some of the similarities between Bitcoin's weekly chart and the weekly chart of QQQ. Things will get really interesting if Bitcoin is able to overcome the key horizontal resistance and 100 week SMA, similar to how QQQ was able to do the same back in May.
Following a bear market, historically the test and break above the 20 month SMA and 21 month EMA has been yet another sign of positive price action to come for the bulls.
It seems likely that the major weekly moving averages (50 SMA, 100 SMA, 200 EMA) start to converge. Price / short term trend (10, 20, 30 EMA's) gets pushed up against that horizontal resistance / 100 week EMA (the "Boss Fight" zone), and we eventually get another leg up. An eventual pull back to the "Boss Fight Zone" in the future may eventually be the place to...
ETH short term price action. Bull case for a possible path back to 2k+
another really simple chart that seems to be suggesting a shift in momentum for the foreseeable future.
another one where the chart just speaks for itself.
when the charts speaks for itself. no complex indicators or drawing needed. 10, 20, & 30 week EMAs crossing the 50 week SMA.
Crypto's most beloved and memed pattern, the Reverse Bart aka the el barto reversal developing on the 4 hour
the route to 30k fueled by the euphoria of the told you so bears and their "anticipation" of the next black swan.
looks like a confluence of a number of indicators suggesting a shift in momentum. big break to the upside or downside depending on Bitcoin and Ethereum price action.
entered these a little hastily a little while ago but i'm thinking there may be just a tad more bullish price action to squeeze out from the insane moves we've seen recently. i'll be playing these really defensive, moving stops up and scaling out as needed
befriend the trend. ride the wave. no price targets. big thanks to @Bjorgum for these powerful indicators.
it looks as if some of the AI Crypto may be primed for another leg up.
1) pi cycle low 2) trading and holding above the 20 week sma and 21 week ema 3) the printing of bitcoin's first green monthly heikin-ashi candle after 12 months + of carnage although it may be difficult to imagine, history suggests that the confluence of these three indicators may foreshadow the birth of a new bull cycle
history seems to suggest that bitcoin's first "green" monthly heikin-ashi candle following 12 months+ of absolute carnage marks the birth of a new bull cycle. it is important to note that this does not indicate the bear market's bottom, but rather a decent confirmation that we are currently transitioning out. the recent print of january 2023's green heikin-ashi...