The indicators I have developed using Keltner Channels and ATR percent lines give a double confirmation that today might be a meaningful support.
One analyst opined that the recent 28% fluctuation in Bitcoin's price basically invalidated the cryptocurrency as a store of value. If that were true, as this chart shows, most of the world's money would be likewise invalidated. It goes without saying that there are plenty of other currencies that experience much MORE volatility than those shown here. Bitcoin may...
Priceline not only broke its former high price, but it also broke resistance out of a pattern. Further the breakout corresponded to a positive divergence on the Chaikin Money Flow indicator.
This chart shows that the S&P 500 index has held a correlation coefficient of greater than .5 for almost two years. So if Bitcoin crashes, will that be a forecast for the stock market?
TSLA and BTC have been between 60 and 80% correlated over the past year and TSLA just dropped off a cliff. Is this a signal for BTC to begin a significant down leg?
Is it possible that a good buying zone for Bitcoin might yet be after it has fallen more than 40% from its peak? but remained above the top of the 5-year trend channel?
This timing method has called the tops and bottoms with a high degree of accuracy over the past hundred years. It is currently calling a top.