Orriginal

Orriginal

Horizontal dashed Blue line is Current ATH PA has fallen back to support and we need to try and hold this line which is also on the POC ( point of control ) on the VRVP on the right This line of support has been tested a number of times now....so hopefully we can stay on it The Daily MACD got rejected by its Signal line ( red) MACD bounced earlier but did so...

Orriginal

There are 3 things to see in this chart 1) The Orange Arc of resistance. I have talked about this previously but to recap a little, it has its origins in Oct 2009 and has rejected EVERY ATH since then, as you can see on the chart. The Arc itself is part of a Fibonacci Spiral. This Arc has begun to Squeeze PA against the lower trend line, that was formed in...

Orriginal Updated 

PA nearly at that Circle I posted MACD near the Neutral line Possible rejection from Both Lets see how this plays out. I do ecpect PA to follow that arrow BUT Bulls could step in and take PA Above the upper trendline and then wait for the inflation data in the USA on the 11th Watch BTC Dominance for Clues about how this all effects ALT coins

Orriginal

First of all SORRY for all the lines. This is a working chart but they are all relevant to this post. Main chart is DAILY and shows ua the Pennant that we appear to be printing with the descending channel inside. The diagonal line falling is the Fib Circle we recently broke through. See how, once above the fib circle, we slid down the outside, using it as...

Orriginal

The chart says it all This is a chart I have used here iften but never zoomed out. That line has rejected us 3 times now this cycle. It was just once in 2017 but once Crossed, tested and held, it is a mighty line of support. This maybe why the Bears do not want us to cross it...... But I have little doubt that Bitcoin has the ability to cross it.... There aew...

Orriginal

Bitcoin appears to be taking a rest when it is strictly not required. We are heading towards the 2nd dashed arrow, which as I pointed out months ago is a very possible and more realistic path for Bitcoin to take this cycle. We have left the 2013 - 2017 Fractal and yet are likely to follow the idea of moving higher to a new ATH from this level off the...

Orriginal Updated 

Bitcoin is in a Rising channel after dropping. This can be easily called a BEAR FLAG and it needs to be paid attention to for a number of reasons. The line of support that held PA up in May is now close overhead resistance and we are climbing towards an apex around 11 June. PA always reacts before APEX I would expect this to happen from the 8th June but could...

Orriginal

Not posted this chart for a while but we may find it has become Very relevant to what to expect for the next few months First thing to note is that PA is once again in TOP of range box and ALSO got rejected off the Long Term Blue line that has rejected BTC PA ATH since 2017. This also coincidened with the 1.618 Fib Extension. Rejection here was highly likely...

Orriginal

There is little doubt now, that this Crypto cycle is very different from previous cycles and the main reason for this is the Bitcoin Dominance ( BTC.D) of the Market. The reasons for this Dominance is complicated but we can certainly point towards the arrival of ETF's as one of the principle factors. Corporations simply Buy Bitcoin, Hold it and Trade the ETF's ...

Orriginal

May Closed GREEN, and We are currently on a Very small Green candle for the month open. Last month, in this series of monthly charts posts, I mentioned this.. "On only 2 occasions have we had a GREEN JAN, RED FEB, RED MARCH, GREEN APRIL And Both of them were on the way to ATH. ( Arrows ) On both those occasions we had a GREEN MAY, though the gains were minimal...

Orriginal

Been warning you about this Fib circle coming up and now we know it is resistance... but how strong ? We do not know just yet but we can lok to the left to see what happened last time. Over pn the left, we can See PA droped for 7 days bwfore breaking away. This could happen again and support is below. The 4 hour chart gives us a better insight PA has...

Orriginal

We can start with the main chart. This is a LONG TERM LINEAR chart, showing the price action Directly, unaltered by mathmatics, Long Term charts usualy are shown by logarithmic charts. Linear and logarithmic trading charts differ in how they represent price changes. Linear charts display equal price changes the same, making them suitable for short-term traders...

Orriginal

As I rite this, we see PA pushing up under a line of local resistance, and being rejected. Support is not far below on the old ATH line ( blue Dash) and below that we have the rising trned line at around 107K So we have support all around but we are heading in to the unknown with this Fib circle that is just ahead of us. As yet, I do not know what to...

Orriginal

These are all WEEKLY chart 7 weeks in a row closed Green. At Time of writing, Bitcoin is around 109800 usd So Very Bullish and every possibility that this week will also close Green though we are getting near a point of resistance. If we zoom into the same chart, we can see more detail We are above the 2.618 Fib extension and we could return to the 103K zone...

Orriginal

BITCOIN still in that target circle, first posted in Feb 2025, and I expect to remain here till early June. This daily chart shows us where exactly we sit in the circle. There are a number of reasons why we may remain here a little longer but one thing to always look at is the MACD. The Weekly is still rising Bullish with room to move higher The Daily is...

Orriginal

A qiuck return to the chart I been using most often Bitcoin 4 hour MACD turned BEarish This is likely to drop to neutral at least before turning bullish again The Daily MACD is still rising Bullish but turning down towards the Red signal line. Push hhigher For Bitcoin price unliekly this weekend but possible... As you can see, BTC PA has found support on...

Orriginal

I will be presenting a number of charts here and each has a different story to tell right now. The 5 lines are All valid trend lines. The Vertical lines are January year markers The white line at the bottom is th e long term support line from 2013 The Dotted line is a threshold line The Blue Arc is a line that has rejected EVERY ATH since 2013 The orange line is...

Orriginal

Easy to see and understand line od resistance here. This is trhe line of rejection from 2017 and could well pose a problem in the short term Technically, PA has the ability to break through this line but we need to see if it does. BITCOIN is at a crossroads and this is just one of about 3 things that stand in ts way. As mentioned earlier today, we have crossed...