This is an update to the BTC.D Wyckoff Accumulation chart I posted a few weeks ago (Link below). We hit the breakout resistance and rejected hard, but now finding support at AR top zone. If the market sees reversal in coming weeks its possible, we continue to build up even if BTC will be going down as Money from alts will leave faster to BTC hence keeping BTC.D...
Long term Analysis based just on Gaussian channels. It has pointers on how I caught the bottom and the top. I am in a long from 19.7 and short from 30.8 based on these. There is a lot of confluence between 5D and Weekly which can give us ranges we are looking at for the down scenario. For the next bottom we are looking at anywhere from 21K for deepest retracement...
Invalidation 4h Close above .425. Given we don't invalidate the next pivot to the downside expected be created between 23rd April and 28th April. Then next move is expected to be explosive to the upside. I have marked the anticipated target for the breakout of the triangle towards 60 Cents , which is another great short opportunity.
Looking at these setups for next couple of volatile days.
This chart is tracking the Wyckoff Accumulation chart I posted for bitcoin dominance a few weeks ago. So far, it's tracking beautifully to the chart posted earlier (link posted below). If the batchdominance breakout is confirmed, then it implies alts will bleed bad or at least will perform poorly to bitcoin in coming months. I have added breakout targets on both...
If we break above 50% level on BTC.D chart we are bound to get a super massive pump in bitcoin dominance. That usually translates to pump in bitcoin spot price. But sometimes the opposite happens, we get an inverse relation between the price and dominance as highlighted in the chart, although it's unlikely in the current market environment but still a thing to take notice.
This setup is dependent on FED putting in 0.25 rate hike next week. We can test our current low before we start to rally. The setup is based on the intersection of trend line from 25 K top and trend-based time fib 38.3% projection as well as mid line of daily gaussian Channel, which is expected to be around the shown target at the time of intersection.
Whenever the blue line crossed above the red line within Stoch RSI indicator on Monthly time frame and had slope change to the upside, Macro bottom was in. The purple lines indicate where that took place. Go through the link below to see other confluences related to Macro bottom of bitcoin.
Whenever MCB has printed a green dot on monthly time frame, it means bottom was in, especially when bottom is formed below the 0 line, which it has for this cycle. The following link contains additional confluence for bottom being in.
There is a lot going on in this chart, following is the breakdown: 1. During every macro bear market cycle in bitcoin's history, bottom was somewhere between 0.786 and 0.886 fib retracement of the whole price range during that cycle. 2. The bottom was formed in roughly 55 to 58 weeks from the start of bear market. 3. Once the hash ribbon indicator had turned...
Levels are marked in the chart, Trade safe. Not Financial Advice.
The chart has a lot to look at, so I am providing a brief on how to read it. 1. The Chart shows two PAs Which are remarkably similar. All the similarities in PA and indicators are described on the chart itself. Following is a list of similarities. 1. Multiple Drives of Bearish divergences in Momentum and Stoch RSI. 2. Positioning of 13, 21 and 34 EMAs today...
In the chart shown DXY has bearish Divergence on two hour tf. In simple terms Bearish Divergence occurs when we have Price making higher highs and oscillator making lower low for example, we can see in the chart that DXY make a higher high and Momentum made a lower low today. Just the opposite goes for bullish divergence. I have highlighted Two areas of price...
The Setup which I posted earlier I am still looking to come to life if we can get the FOMC dump and pump. But there are additional POIs. The area below 20230 is a long Area for me as we are trading in an unconfirmed range (from 21K to 20K). We have various levels of interest and support below 20.230 till 19.95. I Will be looking for long at these points (20.230,...
Here is my setup for Good Volatility, whether it is today or tomorrow I don't care. We are currently trading in a perfect symmetrical triangle. This happens repeatedly where PA stalls and starts contracting for a big move in either direction. I am not sure what will happen tomorrow, So I produce best plan to take advantage of the Volatility. I have marked two...