evillz

evillz

BTC = $19.4K. The resistance is once again $20K. It's back below last cycle's ATH. It's the longest it's been below both the 200-week MA and 50-month MA in its history. I'm long-term bearish that we haven't seen cycle bottom yet.

evillz

US stock market indexes had a losing week and looking like a bear market rally with bottom still to come.

evillz

Chart is ETH, BTC and ETH/BTC. After the merge, ETH is underperforming the market.

evillz

Dominance has leveled off and ETH is outperforming prior to the merge

evillz

White squares show big losses for those who DCA the King compared to the S&P 500 . And most FOMO at bull runs to ATH. If BTC decouples from the stock market, it will be on the negative side. And if the stock market crashes, crypto will crash a lot harder.

evillz

July 15, 9:17 AM. BITC0!N = $20.9K. The King has to stay above approx $20.8K or it's going to be another negative week. It's going to be below the 200-week MA for 5 weeks in a row. Manipulators are looking to induce FOMO. It's staying around the 0.618 Fib channel. Fundamentals haven't changed and crypt0 news have been all negative. I still see a bear flag...

evillz

Jun 9, 9:37 AM. BITC0!N = $30K. It's bouncing around the 1.0 Fib. For a second winning week, it has to close at $29.9K. ETH and Total Crypt0 market cap are currently on a 9-wk losing streak. DeFi had large red weekly candles and nearest the 200-wk MA. If the stock market is volatile they will be a lot more volatile.

evillz

Year-to-Date Electric Vehicle manufacturers and ETFs.

evillz

It's above the waterfalls, which is getting less steep. But it's unable to stay above it for more than a few days and still a lower high. If it breaks and stays above the 0.618 Fib for more than several days, then the next strong resistance is the VPVR of around $47K. This is also where the 200 MA is heading. The longer the horizontal bars of the VPVR, the...

evillz

In the March 2020 covid crash, BTC crashed 63% and stocks crashed 35%. Then BTC mooned over 1600% from that bottom to ATH, while stocks only gained 120%. BTC is down 40% from ATH and the S&P 500 is down 7%. Unfortunately it's human nature to chase big long green candles so most retail crypto investors are losing.

evillz

The 50 MA is current resistance and 0.786 Fib is support, also the bottom of the weekly cloud. On the daily, BTC has attempted to stay above the 0.618 Fib twelve times and failed. It was resistance, then the top of the daily cloud, and now the 50 MA. On the positive side, BTC has also tried to break below the 0.786 Fib. around 18 times and failed. There's a...

evillz

The bottom of the weekly cloud, which is also 0.786 Fib, is support. I don't expect a very long red candle to $30K because of the resistance provided by the VPVR's long horizontal bars below. It's been lower highs and higher lows the past month and a half. And trending between the 0.618 and 0.786 Fibs.

evillz

That was a nice pump. Like I've been saying, I won't get excited until it breaks and stays above the 0.618 Fib. It has reached it 4 times but unable to stay above it. Nasdaq futures is up a whopping 2.5%. So no surprise BTC is also. The top of daily cloud is current resistance. Selling/shorting the 0.618 and buying/longing the 0.786 Fib would have been a good...

evillz

BTC bounced off of the bottom of the 0.786 Fib and bottom of the weekly cloud. Chart shows the VPVR indicator. The longer the horizontal bars, the stronger the supports and resistances. And vice versa. This is why BTC sliced through recent prices like hot knife through butter going up then down, as shown by the long green and red candles. Good news for bulls...

evillz

BTC is back inside both the daily and weekly clouds. It's a quadruple top. I haven't seen this before, where the same level of 0.618 Fib being tested this many times. The good news is that 0.786 Fib is also a strong support. Technically, no indication of a crash to $30K. Not yet anyway. But news always trump TA.

evillz

Bitcoin is unable to stay above the Golden Ratio for higher highs, and is back inside the weekly cloud.

evillz

BTC finally broke the 3-month losing streak and it's a nice start to the month. There's large resistances to new ATH. BTC finally broke through the daily cloud after more than 3 months. The 0.618 Fib is a level where many traders sell a bounce. So if BTC can stay above it, I will be more bullish. Then there's the 0.50 Fib above, also the 200-day MA. Lots of...

evillz

The left chart shows the positive correlation of BTC to the Nasdaq. The CC is above zero since November. This week the Nasdaq went briefly into bear territory. The major stock market indexes are not in a bear market but most individual stocks are already in one. According to Bank of America, 76% of Nasdaq stocks and 51% of S&P 500 stocks are at least 20% off...