Hey, been a week since I've uploaded. I go over my thoughts on why this is, theoretically, the top for bitcoin this week. It's certainly been a long month as far as trading goes!
We've crossed the relevant mean reversion pivots and I'm now expecting full retracement! Buckle up, we're about to get over a month of downtrend.
We're squished between the mean reversion pivot and the weekly 50 MA. I do believe the previous move was the UTAD of the accumulation range I am expecting a downward break. Reentry of the 1050 1.25 stdev on the 1h will confirm this.
I do believe this is the UTAD and rejection from the weekly 50. We'll see how this plays out!
Getting real close to the mean reversion pivot on BTC, target is around 4,200 to the downside if it's crossed. Of course, if we do retrace that far implying that we'll go down fully to the weekly 200 is easy as well.
While everyone might be drawing a flag, here are the volatility theory pivots of that flag.
Compressing between the mean reversion pivot and the weekly 50 MA.
Pretty simple macro level analysis with some talk about the operations of volatility overhead. First we test the weekly 50, then down to the weekly 200
Today I go over the required pivots to start the next bull run and how the compressing range for the coming months will play out. Revisit this chart in a few months!
Bit of a rant today. Should still be informative. Be good folks, I don't have much of an opinion on these shorter tfs. At least, not without me projecting a bias and I've shaken that habit a long time ago.
Today we talk in depth about previous, similar moves and compare price action to the previous crash pattern and subsequent accumulation period. It's a predictable chart on the macro levels, but I haven't the slightest on what to expect short term. At least, nothing I'd personally bet my own money on! I lost a lot of satoshi value playing this week despite...
Quick introduction to the ideas of holder psychology, trading's power to control price, potential BTCUSD bottom. Also of note is the start of an apparent decrease on momentum and price stabilization that could be indicative of the bottom.
A short demo that demonstrates a work of the Double Bottom Pattern Indentifier with default settings.
More of the same, it's a quiet week for crypto as we wait for the retest of benchmarks.
Wonderfully interesting signals firing today despite being trapped in a lateral range. Looking forward to the retest of the weekly 200 MA.
A crash pattern's end is accompanied by a period of reduced price volatility and volume on top of an institutional benchmark. We are seeing those symptoms in full force.