This chart shows the following: Yellow vertical lines - Bitcoin mining reward Halving dates Purple dotted vertical lines - Weekly RSI minimums Blue boxes - shows length of time between halving and next macro bottom Yellow text - number of days for blue box - (time between halving and next macro bottom) As can be seen, Bitcoin has never spent this long at the...
Bitcoin broke downwards out of this daily triangle pattern but then it appears to have been a FAKEOUT. Now the same triangle is showing an upward break out Pointing to 18,50o and beyond.
Enjoy this 4hr chart showing H&S. Remember who your friend is - Bitcoin. And who isn't ? Well you know. Enjoy 2023.
Intelligent investors are fleeing from the failed ideas of Tesla. As the works realises that environmentally damaging Lithium batteries are not a workable solution to our transport needs. A string of out of control AI nightmare scenarios including Tesla cars that accelerated out of control hasn’t helped. Rumours of Elon Musk developing a water splitting ‘Stanley...
Here's a cup and handle. Points to 19k if it confirms in the next few 4hr candles. Enjoy Bitcoin. Don't listen to the news. Most news is BS - fundamentals of Bitcoin have never changed. SBF is an annoying weirdo and should be in jail. He has literally NOTHING to do with Bitcoin. What did he do with all the bitcoin deposited at FTX? (He probably still has it) -...
This is the next obvious area for the bounce. Enjoy. And remember all the banks that are the real criminals and not a piece of software called bitcoin.
Not many YouTubers have mentioned the inverse H&S that points to 17,100. I expect a pullback from that level and then we’ll see if we can push higher or retrace back down.
Everyone is super bearish. Maybe this bull flag will play out. Who knows? Big thank you to CZ and SBF for causing crypto chaos. Hope they both can’t sleep forever. Stupid centralised exchanges suck.
Each time the Hash Ribbons indicator has flashed the blue buy signal, Bitcoin has either gone directly up to new ATH's or has dropped a little before then lifting off. The biggest drop we've seen in history has been around 7%. The smallest was 0%. So if we use the larger number of 7% that gives us a possible target for the bottom of this bear cycle of around...
Both the VPVR is showing very strong support right now as well as volume for BTCUSDT on Kucoin and other exchanges is highest it's been for a long time. This hump in the VPVR wants to keep price there, despite all the bearish sentiment, I think we might hover around here for a few more weeks, maybe a little lower. Not financial advice.
The indicator show the amount of deviation from the yearly average price. As can be seen, the March to April 2021 highs deviated extremely from the yearly average. Bitcoin's price tends to swing from being above the yearly average to below it. IF Bitcoin was to now drop to a similar deviation below that would be extremely severe. Personally I think it's more...
Usually when volume drops as price drops, it is a sign that the market is losing interest in trading at these lower prices. We also saw volume increasing as price was increasing recently up to 22,400. Then as price began to go back down, volume dropped. This could indicate a bottom.
We can see from on chain data that whales are slowly buying into 20k using OTC desks so as to not move the price. Retail will probably miss the opportunity until price rockets back to 30k then they will buy in as usual too late. This blue box are is possible support. If we lose that = bad. High chance it will bounce from here. But not certain. Long term investors...
The PAXGBTC serves as an excellent inverse correlation for BTCUSD. PAXGBTC has formed an M pattern and is now coming back up to test the previous support line, which most likely will act as resistance pushing PAXGBTC down further. This is usually a sign that BTCUSD will rise. This is a most likely a short term move and will bring BTCUSD back to the top of it's...
Bullish divergence failed on the RSI RSI needs to hit all time low territory before a bottom is in. Triangle implies $17,777
Even though many people are currently bearish on Bitcoin. History shows that Bitcoin often has major bounces around the 35 RSI level, here indicated in green vertical lines. Only one major outlier is the one marked in yellow that dipped much lower on the RSI. So if this holds true, then the current support being found at this level could indicate a bottom area of...
The image is self explanatory. If we break the neckline upwards and confirm above, we could see a 54k Bitcoin in the coming weeks.
the chart shows the ascending triangle... short term analysis. long term if we hold above 42k then bullish reversal