So I decided to compare the 2017 July-December action, and the Current July-December action... Both rallys took 78 days to reach the 2.618 Ext of their OTE Long Entries. Many believe BTC cycles are lengthening, Perhaps our current cycle has another 15 days or more? Or will seasonality prevail, and will December be the Kryptonite to this current run? Let me...
You'll see MANY charts out there...The Top is in...I've got a Divergence on the 4hr...On the daily....etc etc. Divergences can be handy, yes. But they tend to work best, when going WITH the Trend (as most things do)..... So the next time someone posts.... Bearish Div on the ...... Consider the Trend..... As always, good luck, have fun and practice solid...
What an interesting year it's been for BTC. Lots of good news. At point A), BTC is in Lockstep with DXY...Unusual. A "Divergence" of sorts. Indicating the asset it being absorbed. At point B), BTC returns to it's "normal" , opposite type PA to the DXY (Dollar). Normal behavior. The green Verticle, the fun begins. It's March, DXY is pumping, and so is...
I've made a couple posts recently regarding the more Macro side of BTC. Here is one for the past few days. At the time of writing this, BTC is up, but currently trending down (on the hourly). Can she hold out for another hour or less....I'm sure she can. Yesterday's EQ was tested today, and had a nice bounce from it (slightly front run on the level as well),...
Ok. Same type of chart structure as before. On this chart, Red levels are Monthly. Orange represent Weekly. Dotted = locked in, Dashed = still forming etc...... You'll also note 3 50% levels....EQs. They are based off of 'locked in' data. So the red is Last month's EQ. Orange is Last week's EQ. Green is Yesterday's EQ. You can see the projected...
I haven't done an analysis recently, perhaps time I get back into it. Here's a "Geometric" technique I like to use. This chart features Weekly Bars. The Bars are colored 1 of 4 ways. Green = Bullish (HH and HL) Yellow = Inside (LH and HL) Blue = Engulfing (HH and LL) Red = Bearish (LH and LL). The paler red lines are Quarterly lines. The deeper red lines...
So anyone that knows me, as a trader, knows I'm a big fan of Bill Williams and his "Profitunity" system. Trading Chaos. Williams Fractal. Awesome osci...Alligator...All that man. One of the parts of his system is Volume/MFI analysis. MFI can be thought of as....mpg of the market. Efficiency of capital. A high MFI indicates you're getting a long of bang for...
Ok, so I just posted my more Macro view of BTC and it's recent action....Now for the Degens of the space (most of you) :wink: So we've got this recent range, 8.9k - 9.6k....Along with an Indicator I wrote, essentially Equilibrium Lines of various TF's. Green = Daily EQ Blue = 4hr EQ Purple = 1hr EQ White = Current TF EQ (15min, although I use a 10min...
So it's been a while since I did a BTC update. Figured I'd do one on this beautiful Father's Day Morning. Happy Father's Day to all the Dads out there. So BTC has had a good run up from 3.8k or whatever it was. Mid 10's have been Kryptonite. If you were in a Long anywhere up this Leg, I hope you've taken at least some profit, rolled stops up tight, etc. ...
So we have this regression channel on BTC with a greater than 90% fit, that we've been in for a month or so now. Our recent PA had us outside this channel for an extended period of time, which also coincided with a Weekly Block in Orange. The volume on this drop, is quite similar to the drop that took us to our 3730 Macro Range Low. If Bears maintain control of...
So much regarding BTC lately from both sides.... The Halvening....Hashrates....Miner costs...Deflationary rates...Safe Havens...and on and on...... No one knows....MOST CERTAINLY not anyone you're going to talk to on Twitter/TV/Discord....I don't care how many followers they have, or what size orders they use. No. One. All you can hope for in this game, is a...
I just posted a novel about BTC and the past 8 months, I get that not everyone is interested in that type of analysis...so here's a LTF look at BTC. This is the last 2.5 months or so, on the 8hr, as you can see. Green levels denote Daily levels. We've got some Daily structure above us around the 10.4 - 10.6k range, no shocker there. Our rise from 3.8k has...
So point "A" starts us off. A Bullish week, haven't had a clear break in MS. We close the following week under the 33% level, and SLAM... Down to "B". 20ma lost. 100ma holding as support. 3 week of consolidation between the 100ma, and the 50% level of 3.1k - 13.8k Leg up. Momentum builds, BTC Sweeps the stops of all early long'rs with that Monster Wick! ...
10.5k to sub 4k dump was brutal. An Absolute DEMON DROP. It originated from the 2nd underside touch of BTC to the 2/1 Gann Fan line from our 20k ATH (red boxes). Another notable rejection on the chart, is the ~10.4k peak in late October, again the 2/1, but originating from the Jan/Feb lows of '19. Taking our most recent Int Swing High, we're now testing the...
The green arrow was a crazy dump, and we're now entering it's price box, so it's the first test of an area shown to have a ridiculous supply. That being said, volume is reducing, as price is going up...so Supply is being absorbed, a Bullish sign. I just posted about how I think we're at a key juncture....That post was about Gann Fan and it's findings....This...
Careful BTC. If you see this pattern play out..you may want to learn Yoga. So you can bend over and kiss your a$$ goodbye! ;) Oil tanked, is putting it mildly. Demand is down. Forget recession, things are looking like a DEPRESSION. And in that environment, Cash is King. You'll see commodity prices fall. Real estate dumps. Metals even dump. So just be...
Let's examine. First off, I'm Macro Bearish, not next 10yrs Macro, but coming weeks and even months Macro. We're in a Global...Recession? Crisis? Depression? Whatever it is, it's messed up, on a Grand Scale. Things won't ever be the same, and that can be just as good as bad, but I digress. The 3.1k and ATH Red levels represent our larger playground. That...
To come back alive, and get over this Quasi/Over Under, purple line. So far, overhead resistance, and the Bears are beating em down. If they close with a huge upper wick like this....See you at 66xx, maybe even 62xx As always, practice solid risk management, good luck, and have fun.