MrBetonBlocks

MrBetonBlocks Updated 

Link has just broken out of a 4 month old channel. It has not been confirmed yet but if we see it flip to support and volume come in, a big move is likely to come. We actually re-entered this channel 4 months ago, it was first formed in March 2020 - We also broke past the weekly R2 giving us 20% till the R3. Volatility is very low and will have to expand,...

MrBetonBlocks Updated 

I'm posting this idea so I have a record of my ideas and hopefully start a discussion. This is not to be blindly followed or taken as investment advice... please please please DYOR! Line of Thinking: We are forming a potential Head & Shoulders pattern on the 4hr. We are currently moving down forming the right side of the right shoulder after having a failed IH&S...

MrBetonBlocks Updated 

It looks like might have a minor pullback which will be a great chance to load up on longs for the next leg up. My reasoning is: -ADX is reaching a common reversal point, while DI+ is weakening giving bias towards a change in the trending behaviour. -Stoch has crossed down and will remain so anywhere under 27600(approx.) -MACD is showing bearish divergance as...

MrBetonBlocks Updated 

BTC has broken down from the widening channel we have been moving up in since the 4th of January. We need to hold $37600 (local support/supertrend) - $36200 (Macro Fib 2. extension) or we could see a move down to the landing zone around $34000 where we have major support from what has been the top side trend line resistance for the majority of this run. We also...

MrBetonBlocks Updated 

I have been plotting BTC against GOLD (left) and M2 (right) to try and look at the value adjusted for inflation and buying power (using gold to measure buying power). M2 is the amount of money in the world (to simplify it) and BTC / M2 has already broken the 2017 ATH by 7.81%. This is a good sign as it shows that we have surpassed the previous cycle high when...

MrBetonBlocks Updated 

BTC just had its first 3 day closure under the top BB for this bullrun. I think this is a good signal the market is a little bit tired and we are going to take the standard bull run visit to the weekly 21EMA. Historic Volatility is also getting very low and printing close to a zero (yellow flash) which is a signal that a big move is going to happen but does not...