jonnieking

jonnieking

Very BIG Daily Close for ₿itcoin above the .618 Fib 🥵 CRYPTOCAP:BTC needs to close the next week in or above the green box demand area in order to keep the rally alive and flip resistance into support. As I originally mentioned in my idea, PA either needs to correct accordingly or this is the long-awaited PARABOLA in the making. I still stand with my original...

jonnieking

BULL TRAP 🚨 New money has been coming into the market as shown on the Crypto CRYPTOCAP:TOTAL Market Cap, hence why you haven’t seen “rotations” in coins, but it appears to be drying up. There’s been major resistance at the 200DMA, which is just below the previous ATH at $3T, and PA is being squeezed between the 9DMA. Combine this with a heated RSI, it appears...

jonnieking

Textbook rejection at the .618 Fib for CRYPTOCAP:BTC Now on its way to retest the 200 and 50DMA as expected. If that does not hold, we’ll go back to my original inverse head & shoulder idea ~$78k. This will be the catalyst for Bitcoin’s next leg up to $130k end of June.

jonnieking

I’m probably the biggest 3-Year perma-bull on this app, and even I can tell this is most likely a bull trap. This is either the beginning of the long awaited parabola, or else we’ll correct back down to at least the 200DMA in the next week, or the 50DMA within the next month. Lack of volume on the move and RSI becoming overheated gives me feels for the...

jonnieking

I could see CRYPTOCAP:USDT.D playing out like this. This November data also coincides with my BTC Cycle Thesis in November. Lotsa other macro factors and indicators at play for a cycle top, but this lines up nicely and where I'll be taking a heavy chunk of profits.

jonnieking

Don't shoot the messenger, but the MAJORITY of your Alts need to NUKE ~25% before Alt Season 🫨 This lines up with prior cycle support before Alt Season blastoff. First step is to reclaim the EMA9, which they have failed to against BTC. The lack of buying Volume supports this thesis for the trend to continue downwards.

jonnieking

I hate to be the bearer of bad news, but the face-melting Alt Season we are all patiently awaiting is not arriving until BTC.D reaches 71% Having said that, there WILL be an outlier of Alts that outperform CRYPTOCAP:BTC , such as CRYPTOCAP:SOL 💯

jonnieking

Could it really be this simple? Maybe we can just throw Global M2 out the window and track TVC:GOLD with a 12-Week Lead. Someone pointed this out to me yesterday when I posted Gold's near 1/1 tracking with Global M2. *Note the deviation in CRYPTOCAP:BTC PA from the ETF hype.

jonnieking

It's amazing how accurate TVC:GOLD follows Global M2 with NO LEAD. Near instant liquidity injection into the asset as the money supply rises 🪙 I do not see the price of Gold falling until Global M2 does.

jonnieking

Pretty crazy how accurate ₿itcoin PA follows my squiggles, eh? 🤓 CRYPTOCAP:BTC has Closed above the 200DMA with a massive 25% rally over the past two weeks. Next target $100k, but expect a retest of the 200DMA ~$88,5

jonnieking

Which is the best to track ₿itcoin price action? Lots of macro gurus have been arguing over the two. For comparison, I have indexes for both metrics on a 12-Week Lead, tracking the 4 largest central banks: The Federal Reserve (including TGA & RRP), People’s Bank of China, European Central Bank and Bank of Japan. Let’s start by defining each. Global M2 Money...

jonnieking

They say Ethereum is the Silver to ₿itcoin being Gold. If that's the case, does that mean that the ceiling for CRYPTOCAP:ETH will forever be stuck at $4,800 just like TVC:SILVER being capped at $48 for the past 45 years? Does anyone really think ETH will be higher than $4,800 in 45 years???😆 A true store of value 💯

jonnieking

Grabbed all downside liquidity. Helium Up 60% on the week. W bottom reversal pattern formed. Broke out of a 16-week downtrend, but got rejected at .236 Fib Closed above the EMA9, which is now support.

jonnieking

Big Bullish Engulfing candle for Solana on the weekly close. Needs to breakthrough EMA9 and claim as support. If not, we could see an inverse head and shoulders reversal pattern formed ~$112 before the next leg up.

jonnieking

Lately I've been seeing a lot of people incorrectly state that the Yield Curve is currently inverted. IT IS NOT. Easily measurable 10Y - 2Y. Google the definition if you need to. I laid out the impact of the yield curve inverting against the S&P 500. In most cases, you can see SP:SPX sells off slightly after inverting. The higher the spread, the healthier...

jonnieking

If CRYPTOCAP:BTC can break back above ~$84k then we could continue to follow my OG setup (yellow) and rip, but since PA dumped slightly below the 50WMA it technically invalidated my inverse h & s idea. A rejection of $84k would dump us back to ~$78k to form the right shoulder (red) and complete the setup. nonetheless, i believe we've seen the bottom 👋

jonnieking

As expected, CRYPTOCAP:BTC retested the 50WMA for the first time since September 2024 (217 days ago). ₿itcoin historically has outsized reactions when this happens.

jonnieking

NASDAQ fell another 4% touching down 26% S&P 500 walking a tight rope falling 21% to play with the idea of a Bear Market, but has rebounded a bit. NASDAQ:QQQ did have a stronger response from buyers than SP:SPX Nonetheless, we would need several WEEKLY closes sub 20% losses to enter a textbook Bear Market.