Important points are marked on the graph. It is interesting to observe if it develops similarly this year.
Volume Impact See how it is showing we are in the buy zone in 1w - We are on the 2nd BItcoin dip and the volume dip is far less. - :ast green volume area. Buys are increasing as prices drop. This is a proof This is showing people are heavily collecting bitcoin and prices will totally swing the other way Now actually. Alt coins drop when bitcoin drops. So...
BTC mimics MSCI Emerging Markets Curr Index / US Dollar Index. The similarity is visible! Bitcoin price is the green line. Thanks to my friend @EnginSavas for this idea
Next top is 7100$
Bitcoin is in a rising pitchfork. Blue regions are high possiblity. Red regions are low possibility. Yesterday's top price confirms this border. Min Price: 6200... This is where blue band of pitchfork and wedge roof (see below) intersects. The price is not likely to fall further. Max Price: 7290... Tops are descending since December. This is where pitchfork...
The blue price line behind is global crude oil price (Brent Crude Oil). As you see, Bitcoin price movement is mirroring the crude oil price movement. This behavior is especially visible at 5 min tickers. I guess we can utilize the crude oil trend for bitcoin forecast. This also shows that Bitcoin news are lemon. Especially, today everybody said that Bitcoin...
Key is dropping. There are 2 possible support levels. Current order book is validating the lower support level for trend reversal
Key will drop until support. If the support holds it will rise again. There might be a right shoulder development during the current drop
Looks like the resistance will be broken 3 days 6 hours later. The volume while we reach the resistance is very important. (This is not a financial advice. Check the facts for yourself)
I circled the pattern on the HHLLO indicator. This is a typical pattern before a big bearish trend. When I see this pattern the next time, I will panic.
BINANCE:BTCUSDT This is an educational idea to highlight what happened in the last days. Regression tool is showing what is going on nicely. I love it. Between the 2 falls the up-trend is very weak. The volume is very low. Hence bulls cannot take over.
My oscillator indicated a force zero cross and D zero cross. Signalling the possible start of a strong TRX bull run. It's time to buy at the next dip
This is an oscillator based on both RSI and Stoch RSI. During bear runs it stays below zero to prevent unprofitable buys. When the price is peaking it stays 0 to prevent a damaging buy. I developed this on TRX/BTC. It is yet to be tested on other pairs.
On "Zero cross/buy sell" the master indicator passed zero. TRX bull run is starting