Mr_Rolie

Mr_Rolie

Compared to the 2017 parabolic run this time we are seeing less significant pullbacks. In 2017 bitcoin drops were brutal, ranging on average from 30% to 40%, these days we are seeing something closer to 15% to 30%. This difference can be partially explained by the difference in buyers. In 2017 bitcoin buyers were almost all retail (like you and me) Now in 2021...

Mr_Rolie

This is very different from my usual analyses, but I still hope you enjoy! This chart calculates the premium or discount you are paying/receiving when trading GBTC . If you don't understand how such a thing can happen I will explain at the end! For now I will explain how I created such a chart and how you can do it yourself! This can be applied to other bitcoin...

Mr_Rolie

BTC recently broke not only the 1D MA9 support we were riding but also the channel upwards we were in. Does this mean we'll se a huge pullback? No, not necessarily. My reasons for thinking the pullback will be minor (15%-20%): -Newly found support and acceptance of bitcoin by institutional investors who look for opportunities to buy. -plenty of support by retail...

Mr_Rolie

Last idea posted went accordingly and we near the 50k mark. **This is just a quick idea, since I currently don't have much time to make a more in depth analysis.** These are the 3 possibilities I think possible. 1-UP UP UP AND AWAY (GREEN): Pretty self explanatory we convincingly break the 50k mental barrier and continue our way up. 2-UP DOWN UP (BLUE): The...

Mr_Rolie

We can finally get some air with a daily candle closing above the upper line of the channel. Bullish signals: -Bitcoin closed a candle above channel resistance (+++) -The 1D MACD indicator crossed up -We will soon have the 1D MA50 support out of the channel as...

Mr_Rolie

BTC still uncertain. Decision area ahead?. First let's talk signals. Bullish: -There's still good support of the 1D MA50. -The MACD is getting closer to the signal. Bearish: -We're still at the mercy of the downward cross of the 4H MA50 &...

Mr_Rolie

Mixed signals comming from BTC. Here are some I identified. I hope they will help you in your analysis! Bullish: -Double bottom around 30k. As seen on 4H chart. -Support on the 1D MA50. As seen on 1D chart. Bearish: -Downward cross (Death cross) of the 4H MA50 and MA200. This might be a very important signal since last time it happened we saw a 15% drop. We...

Mr_Rolie

Since the RSI and MACD still indicate further fall in price lets evaluate our closest support. As seen on the chart I think one of the first support could be the 1D MA50 (Yellow). As of now the support of the moving average will come into play around 28k-30k If the price action continues to fall after coming into contact with the MA50 we could see a test of the...