dragononcrypto

dragononcrypto Updated 

Logirthmic Growth Curve and Bitcoin Network Hash Rate perspective; long-term bullish and very much on track. Previous cycle extrapolation points to new ATH in March/June 2021, followed by $100K by December 2021. Ie 6-9 months to new ATH, 12 months to $50K and 18 months until new top around $100K. Flags & golden bars represent halvings. Buy signals indicate...

dragononcrypto Updated 

Bitcoin is starting to form the previous inverse head & shoulders pattern on a smaller scale, potentially creating the continuation pattern of a bear trap followed by dead cat bounce to $9,400 support turned resistance, before moving back below $9K for lower lows after the monthly (as well as quarterly and bi-annual candle) closes. Based on larger time-frames,...

dragononcrypto Updated 

The buy signal (in blue) has not yet appeared on the Daily time-frame, we are however close to getting our 4th buy signal in so many years after the bullish MA crossover of the Hash Ribbons shorter & longer SMAs (30 & 60) has occurred. See recent buy signals in past 4 years as well as the returns to current June 27th closing price price of $9,010. Hard not to be...

dragononcrypto

A) Move back to the resistance trend-line of the macro bull channel and actually break out. B) Consolidate sideways for more days and weeks to come, more of the same. C) Fall back down to the $6K levels, in order to fill in VPVR between $7-8K. Remaining patient.

dragononcrypto Updated 

As can be seen by the Moving Average Convergence Divergence (MACD), bears have begun signalling exhaustion on the Daily time-frame at current prices, though not yet confirmed with a closing candle. This colorful extrapolations is based on the most recent times the MACD's histogram went below -175 while trading the bear & bull exhaustion cycles, as opposed to the...

dragononcrypto Updated 

The bullish case is here: VPVR Point of Control, since $3K in September 2017: $8,188 Price has closed for two consecutive weeks above this PoC Hash Ribbons buy signal - December 2019 1 & 2 Year MA bull-cross - January 2019 Price above MA Ribbons - January 2019 MACD bull-coss on Weekly - January 2019 The is continued analysis from the below,...

dragononcrypto Updated 

Bear flag on 4hr time-frame, vs bullish support on longer-term time-frames. This extrapolation would be a breakdown of the bear flag targeting around $7.4K and again testing the previous maro bull flag resistance turned support trend-line, before continuing the bullish rally to $11.5K. The 4hr RSI remains oversold while struggling to leave these conditions,...

dragononcrypto Updated 

As can be seen on the Daily chart using the TI Indicator, we are currently at the 50 Week MA on a Sequential 9. While the long-term 200 Week MA is sloping downwards (has a bearish posture), the 50 Week MA is rising (has a bullish posture). It's also clear from previous TD 9's, whether buy or sell signals, have been very reliable in calling short-term tops and...

dragononcrypto Updated 

Suggested accumulation zone: $5,910 - $8,630. This is where the bulk of the volumes lies in the past 27 months. VPVR shows point of control as $6,263 from the rally in September 2017 from mid $3ks until January 2020. Declining volume implies a breakout in the not so distant future. Above $11,500 there is declining volume. DYOR.

dragononcrypto Updated 

As the MACD shows on the Daily chart, we are currently facing a not-yet-confirmed bear-cross today, lasts seen December 17th 2019 at $6,612. Since the breakdown from $10K last September we have seen 4 bear crosses, twice causing the price to drop 20-25% (September 21st & November 9th 2019), the other two two times were not-so-obvious bear traps before price...

dragononcrypto Updated 

With altcoin dominance closing back above the rising 200 Week MA last week, confirming Bitcoin's long-term weakness in market dominance, "ALT.D" (1-BTC.D+99) has again held the 30% support a second time and is looking for a breakout above 33.75% with a target to 40%. This would additionally be a TD Sequential trade on the Weekly chart with a Green 2 going above...

dragononcrypto Updated 

Similar to Altcoin dominance looking bullish, the crypto market total capitalization is close to it's two year long resistance downtrend line, with a 50 & 100 Week MA bull-cross anticipated in a week or two, as well as on a Green 3 TD Sequential. I'm skeptical this can be broken this week, but if there is continuing rising volume, it's becomes trade worthy (2.1...

dragononcrypto Updated 

While remaining neutral-bearish on the BTCUSD charts, BTC1! is looking like a shorting opportunity. There is notably an increase in buying volume over the past week, however the largest volume day was when price was rejected by both the 100 & 200 Day MA simultaneously. Needless to say, the bear channel resistance is lined up with this MA bear-cross. With the...

dragononcrypto Updated 

The Hash Ribbons indicator confirmed it's 10th buy signal in 9 years yesterday on the Daily chart at $7,245. Historically, this indicator has given the best opportunities for long-term investment during accumulation phases. The 3 Day chart is also signalling a buy, confirmation would arrive tomorrow with the close of the current candle. The Weekly chart however,...

dragononcrypto Updated 

This fractal extrapolation comes from the September to November 2019 consildation, fake-out, pump and subsequent dump, not so long ago. The fakeout nature of the low is reminiscent of the October 25th pump to $8,800 from the fake-out to the low $7,300 area. Not only do we see the mid-term $7,800 support turn into resistance, but also how the 100 & 200 Day MAs...

dragononcrypto Updated 

Using the 2100 & 4200 MAs on the 4hr chart (like a weirdo) gives us the 50 & 100 Week MAs on a zoomed in time-frame. Although we already had the bullcross on these Weekly MAs, on a 4hr chart ("in real-time"), we are now seeing the bullish crossover with the price sat underneath it. This follows two weeks of rejection fom the median of the bear channel, continued...

dragononcrypto Updated 

Another day, another descending triangle. I first tried drawing this on the 4hr chart, but without being able to include the support touch-point of December 2nd, I've gone with the Daily chart in order to have a minimum of 3 touch-points on both support & resistance trends, with sufficient time in between. There is an interesting difference between this descending...

dragononcrypto Updated 

Sometimes the simplest extrapolations are best. No indicators on this chart, this is a pure extrapolation of the 2014-2015 correction and accumulation phase, that has notable similarities with the current fractal in play. Could $6,500 be the new swing low? Absolutely. This would imply an accumulation zone between $6.5-$8.3K for approximately 40 weeks, with the...