These are 2 possible scenarios with LTC that I managed to create with similar structure patterns found from ETH. Scenario 1: was the first connection I found - where the trendline meets at the bottom 3 wicks at the bottom of the correction: - the 28% drop towards the end of the trendline before liftoff -same is shown...
Knowing how DXY and Bitcoin/Crypto have an inverse correlation. Also knowing that arguably the narrative around the USD/petrol dollar is weakening, especially after the Russia sanctions. And this as we approach a multi-decade resistance level for DXY. The last two taps on this level triggered a steep correction and two bull markets for crypto. And since the...
I keep looking at this and understand the significance this would bring to its market cap. Still, I can't help but wonder (and wish) this to be true.
Bullish divergence on the oscillators, creeping up the descending channel, and finding support on the 23.6% retrace from the "COVID Crash" low. This is the last bit of hope before we descend into true bear market territory.
My idea is if we hold today and don't go any lower, having already learned the news that Russia is and did invade Ukraine, then the principle of "buy the rumor and sell the news" is in play, only on the short side. In other words, people shorted when first hearing of Ukraine and now after knowing what Putin would do we had another move down and now my thought is...
Just looking at the only thing that isn't completely dead, still has some signs of life.. 12 hour and daily bullish div on macd and falling wedge take this with a grain of salt just an idea.
Very important action going on. TOTAL 2 relief bounce carried by OTHERS? Small fomo coming back into the markets? TOTAL2 rejection from here OTHERS dump at 320B?
Hi everyone 👋🏽 🕊 Wish y'all have a profitable lifestyle 🍀 📌 BTCUSDT- Weekly Time Frame - Candlesticks 📌 Support zone - RSI Divergence - Ichimoku cloud - Fear 📍 BTCUSDT and all the cryptocurrency world may be seeing a bullish momentum in upcoming weeks due to the facts that: 1- We are in a very fearful situation and the index is in an extreme fear position...
What do ya'll think , is this pump withdrawl hopium? Let's see!!!
Now that Elon & Jack had "the talk" and price jumped 6.5% as of writing, lets look at the charts and review the bullish case. I've first shared the volume profile analysis back in July 8th. At the time i published this analysis 134.000 or an extrapolated $18.76 Billion worth of Bitcoin was sold. Note that the number of Bitcoins are JUST Binance numbers. We...
This chart shows a longish bear pattern in the purple descending triangle. Which isn't much of a surprise because most crypto currency charts show this over the last 3 to 4 months. But the orange and white lines show what I think could be a bullish "W" reversal pattern. The $ETH chart shows something similar. Like one of my favorite YouTubers says "All models are...
Ah what a glorious day for the bears. After the FED meeting 2 days ago gold flash crashed. The price of gold saw its worst day since 2013. We all know what happened back then. High inflation and a collapsing civilization doesn't matter if the people with the money decided everything was just fine. Eventually reality catches up, but that can take time. I really...
As you can see we've came back down to test the long term daily trend. One thing to note is that we have closed several daily candles below this trend line and came right back above it. Right now as of 7:30 est we seem to be doing a sort of retest of this trend line. If we can bounce here, the bull run continues straight to 6 figs imo.
While we have been getting some recent relief on lower timeframes, bearish ideas still outweigh the bullish, unless BTC manages to break and hold above 40k. The simplest and most significant indicator for further downside is that volume has gone down during this recent recovery. On chain analysis shows that as of a few days ago, long term hodlers have been...
i copied the 2nd hill of 2017 onto the big 50% drop of 2021. source : tyler S // whyckoff pattern
BINANCE:SKLUSDT 3 points of confluence. top of parallel channel, top of fib-extension, top of fractal. chai if not e choke!
BTC may probabilistically show strength over the weekend as there's an Inverse Head and Shoulders Pattern forming. I think *mild* upside is possible, with a few more days of sideways action before the next leg up. The fact that $BTC is holding up so well during a large sell off in the equity markets, shows the strength this asset class has during these uncertain...