Quarterly & monthly: - at 3M and 1M demand zone (grey and white rectangle respectively) - monthly closed below the 200 EMA and is likely to at least retest it Weekly: (picture in comments) - outside of lower support bands, reversion likely 3D: (picture in comments) - clear 3D bullish divergence on the RSI Exit all markets time?
Welcome! In my last idea I wrote how it was likely BTC is ready to once again surprise everyone and blast straight through 20k to reach even as high as 30 000. You can view that idea here: Since that was posted BTC absolutely skyrocketed, went parabolic and is currently trading at roughly 27 500$ so it´s safe to say the trade setup played out pretty well. We...
- Binance coin is in price discovery on a weekly and monthly timeframe - new all time highs are happening alongside weekly volatility expansion - concavity = bullish market structure Target is at least 60$ and should be reached within three weeks.
Volatility and stocks never go well together. 3600 is the first (and primary) target; should that break traditional markets may go through a much deeper retracement.
Welcome! If you look at my past couple of analysis you´ll see mixed signals. While I was bullish on the weekly and monthly time frame since late October, I definitely didn´t expect we would go to 20k so fast. In fact, my last analysis was pointing out how it is likely we get a classic -30% bull market drop to retest some key areas and I was expecting that drop...
This is a follow up on my previous two analyses where I pointed out market participants should be very careful with this Bitcoin rally. While I was admittedly wrong on the timing as price moved another 2000 dollars to the upside after my two posts were made, the danger signs are present more than ever: - volatility on the 3D time frame is still extremely low,...
Welcome! When looking at the charts this morning I noticed something very concerning that could cause a big drop in Bitcoin´s price, let´s get right to it. If you look at BTC´s 3D historical volatility you can see that it is extremely low. Now, when volatility is that low it can stay low for only a certain period of time before it has to start expanding and when...
Welcome! This is an update on my previous Bitcoin analysis, which you can find here: Since then not much has changed. Yes, Bitcoin did make another move higher, ultimately reaching 16.5k but the danger signs that the market is likely near a major top are still very much present. What you see on the indicator below is the curling of the 12H stochs over time....
Welcome! Looking at the monthly chart Bitcoin has done something it hasn´t done in four years: it has closed a monthly candle above the upper bollinger band. What this means is that currently BTC is in the process of trending and since this is a monthly time-frame this suggests that it is trending on a MONTHLY scale. You can clearly see what happened the last...
An asset that is moving sideways while the entire crypto market is rallying is, under certain conditions, more than likely to follow.
Welcome! What we have on the 3D chart with the SPX is a moving average sell signal in the making, one with a good probability of playing out. However, this is not the main reason for why I am bearish on the stock market in general. Posted in the comment section below is a chart of VIX, SPX´s volatility index. VIX´s volatility has been contracting for the last...
Welcome! I rarely cover anything else other than Bitcoin but in this case I decided to focus on Ethereum´s BTC pairing. As you can see the ETH/BTC chart has formed an incredibly beautiful complex head and shoulders that is made off of double left shoulders, head and a double right shoulder. I like the confluence with this one as ETH found resistance exactly at...
Welcome! This is a follow up on my last BTC analysis: After dumping from the 12k level, Bitcoin found support at previous range high at 9.8k and rallied all the way to 11k. This rally, however, was more than likely a mere bearish retest of previous support as we now have three very important things lined up: 1. weekly market structure break 2. weekly...
Welcome! Been a long time since I posted an analysis. Most of my previous analyses described how we are likely going to break up from the 9k region and have a massive rally. While that did happen my ultimate upside target was 16k and we failed to get past 12k. The reason why 16k was the target is based on the weekly volatility. You see, Bitcoin can produce a...
The macro descending broadening wedge that has been forming for the last year is going to be resolved to the upside in 1 - 3 weeks from this more than two month long consolidation BTC has been ranging in Did not include 3 and 4 as by then Bitcoin was in the parabolic stage of its bull market Guess the X
Welcome! Quick update on my macro Bitcoin analysis. For the past 50+ days we have been in one big consolidation below the key level of 10.5k that would signal a resolution of the descending broadening wedge to the upside with a target of 15 000$ per BTC. Because the consolidation has been going on for so long and along with the fact that Bitcoin´s volatility...
Welcome! This is an update on my previous macro BTC analysis. The problem with the last analysis was that I was very much predicting Bitcoin is going to have another move down to 5, 6k before the broadening wedge is ultimately resolved to the upside. But what if that is not the case; what if we are right in front of a breakout that would take us to at least...
Welcome! As promised here is part II of my macro Bitcoin analysis, it should be used in conjunction with part I which you can find here: Thank you for reading.