jackrabbitrage

jackrabbitrage

This is the daily chart of Bitcoin (BTC). It shows Bollinger Bands (yellow), parallel channels, MACD bands, Ichimoku clouds, etc. The daily and weekly clouds converge, and a C-Fork intersects around the blue box area, making it difficult for sellers to break through in one go. Although we may see some rebound from today's dump in the short term, the 58k level...

jackrabbitrage

The white horizontal lines represent swing highs and lows based on closing prices, the maroon and green bands represent FVGs, and the orange diagonal lines represent C-Forks. The three moving average curves placed in the center of this chart quantify momentum. Additionally, the thick yellow lines indicate levels derived from regression analysis, and the blue lines...

jackrabbitrage

Do you remember this chart? www.tradingview.com( It was one of the most successful analyses in my history, predicting support and resistance levels with the accuracy. In technical analysis, there is a pattern known as the Dragon Pattern, which follows a trendline break with confirmation of double tops or bottoms. Using my custom indicator, I have made it...

jackrabbitrage

Following the recent sharp decline, the solid downtrend will likely continue if we don't see a strong recovery just as our scenarios suggest, in which case we should pay attention to the price action in the 57.5k-54.5k level, marked by one of the green boxes. The HELIO Signal has been updated and supports the forecast mentioned above. For more details on this...

jackrabbitrage

Welcome to the third installment of the Momentum Tracker series. If you're new to the concept of "momentum" as I use it, please refer to the following link: This time, let's take a look at the longer-term 3-day chart. The bars with a yellow background indicate those where the momentum components' relationships were the same as the most recent bar. The...

jackrabbitrage

Welcome to the second installment of the Momentum Tracker series. As mentioned in the tutorial article below (if you’re new, please refer to this as well): The Momentum Tracker allows for various technical analyses and indicators to be applied. Here, let’s apply the Stochastic RSI to the Total Momentum. The Total Momentum calculation uses RSI, which normalizes...

jackrabbitrage

I see the Elliott wave count on this 4-H chart as the second wave being a complex corrective pattern, whether it's "2," "B," or possibly "X." Regarding the broader context, we are in a daily downtrend according to Dow Theory, and we recently experienced an impulsive decline to 49k. Bearish momentum still dominates, but we might see bullish and total momentum...

jackrabbitrage

In the previous tutorial article, we introduced the Momentum Tracker: Let's use it to look into the price chart right away. You'll quickly notice that the yellow box on the right side where the current candlesticks are located closely resembles the yellow box on the left. On the left side, the price dropped along the blue support line and then rebounded,...

jackrabbitrage

I'm starting a new series called "BTC Momentum Tracker." The reason for this is that I've developed an indicator that captures the somewhat abstract concept of "momentum" in a way that I believe is quite sound. It breaks down momentum into bullish and bearish components and allows us to derive the MACD and its signal and various geometries if we want. While many...

jackrabbitrage

Regardless of whether the retracement from the recent drop has concluded, BTC remains in a daily downtrend, trading along the green channels. The 62k level is the 0.618 retracement from the low, so it's not surprising if we see a reversal here again. While the breakout should have established the 58k zone as a support level, I expect it to eventually break...

jackrabbitrage

During this "Black Monday," Bitcoin experienced a dramatic drop. Let's examine one of the familiar "Flat as the Fourth Wave" scenarios often discussed among Elliotticians during downturns in recent years. Please consider this a theoretical exercise. Not so many people seem to draw trendlines on monthly charts, but when you do, you'll notice that Bitcoin has...

jackrabbitrage Updated 

The low time frame (LTF) bullish momentum is approaching its low, indicating a potential long opportunity. Wait for a pullback, even if there is a breakout. The target zone is between 62.5k and 63.5k. Set the stop-loss at the current low.

jackrabbitrage

This article follows my previous analysis . As predicted, the bearish black swan pattern has taken shape. The price is now trading below the 66500 support level and continues to fall. Although I anticipate a break below the neckline of the double-top formation eventually, I'd like to point out that caution is advised. Refer to the "Momentum Tracker" in the...

jackrabbitrage

BTC has developed a bearish black swan pattern and is poised for a potential breakdown. The 66500 zone is solid, which might allow for some minor upside from this point. Should it fail to maintain this level by the monthly close, the subsequent support levels to watch are at 63500-64000, 62000, 59500-60500, and 56500 (roughly indicated by white lines and green boxes).

jackrabbitrage

Trading plan: Selling up from here toward the blue trend line, right up. SL above another blue trendline, right-down. 1st TP: the blue box. 2nd TP: the current low.

jackrabbitrage

I anticipate sell-side liquidity at 61-62k (a target of Anti-shark pattern) will be taken shortly. Gray and red boxes indicate support and resistance, respectively.

jackrabbitrage Updated 

The aqua-color boxes exhibit symmetry. I anticipate the blue box is hit unless the LTF bullish momentum is exhausted.

jackrabbitrage

I've incorporated Fibonacci levels and channel analysis into the fundamental market view of my previous idea . The conclusion remains the same: a minor upside to the 0.786 level or the upper edge of the channel here. The target zone is highlighted in an aqua-colored diamond. This is an experiment, but it's important to note that this isn't arbitrary curve...