Sporia

Sporia

Bull Flag possible formation , only have volume and price movement since March 31st 2022 not much to go on. cultdao.io There is a time when the operation of the machine becomes so odious, makes you so sick at heart, that you can't take part! You can't even passively take part! And you've got to put your bodies upon the gears and upon the wheels ... upon...

Sporia Updated 

It takes on average 400 days for Bitcoin to go from cycle peak to 200 weekly moving average. Last two cycles after cycle peaks we found a bottom at the 200 weekly will it be different this time round? It would definitely be different this time round if Bitcoin does not put in a bottom at the 200 weekly at this point. The week of May 23rd 2022 would be 406 days...

Sporia Updated 

I think we can all say that Bitcoin didn't have a blow off top this cycle but chain link sure did. 70% in just two weekly candles in May 2021 pretty insane even for a blow off top , the week of May 17 2021 is the largest weekly red candle in chain links history ,66% in one weekly candle ,it had one hell of a run. Since June 2018 Chain link pumped 31674% over...

Sporia

Will history repeat ? The bar pattern overlapped shows a really interesting view on the market structure compared to 1929. Things are looking very much the same 100 years later. Price hit the 3.618 Fib extension in 1929 and crashed shortly after with the tension of war at the time, you had the Sino-Soviet conflict with Russia and china in 1929. 100 years later...

Sporia Updated 

The bear market has been underway for a while now ever since the top in April 12th 2021 I believe we have been in a bear market and in a distribution phase, even though we did make a higher high later on the year I still have come to the conclusion that we are indeed in a bear market. The TA i posted a while back “The satoshi Prophecy” while still not technically...

Sporia

May 2022 is the month to watch out , possible head and shoulders idea that can play out to the 200 weekly moving average.

Sporia

I think this week has been a very important week for Bitcoin and I have not seen anyone talk about the fact that the 200 weekly moving average is now at the previous all time high at 20k. This is a very important thing to take note of because we have never closed a weekly candle under the 200 week moving average in Bitcoins history it has been a hard bottom for...

Sporia

Interesting Time Fib lands May 18 2022 which also lines up with 4.236 circle fib. This date could be the bottom for Bitcoin , price could easily wick down to 25k before closing at the 1.618 Fib at 28k. Best time to take profit would be sometime late March at 0.618 Fib at 51k.

Sporia Updated 

I have been following this 3/1 Gann resistance for a while now as you can see we do not want to be forming a descending wedge coming up to this Gann. If it breaks it takes us down to the 1.618 , prepare accordingly.

Sporia

Check out the TA below first . At the time didn't think of it much but then I took a closer look and what I found is the most amazing mirror fractal from the 2018 Bear market. God dam its hard to swallow this one , seems we have been in a distribution phase all along. Mirror fractal with the double top divergence exactly the same unreal question is do we...

Sporia

God dam I hope this doesn't play out one things for sure if we can any rejection off the 0.618 , buckle up because the bottom will be in May 2022 and I don't know how far it will go. Main difference from 2017 fractal to 2021/2022 fractal is the weekly lower highs , we had a weekly higher highs but this draw down so quick is not good.

Sporia

You cannot stop Bitcoin . May 2022 - Possible Bottom Nov 2022 - Momentum Increase June 2023- Peak If the 1.618 is broken this analysis is invalided.

Sporia

Bitcoin failed yet again to break and close above the 3/1 Gann , check out the TA below . It completed a W formation, broke out of the 3/1 and then got nuked. Daily did not close above. We had a massive fake out here , since November 15th we have failed time and time to break this 3/1 gann. So my whole thesis on May 2022 being the top is highly unlikely at...

Sporia Updated 

follow up to my last TA have a look below. Its the end of the line ,either bitcoin forms a double bottom or W pattern formation or its over short term. Bitcoin can't seem to break 4/1 Gann , never seen such strong resistance coming out of a Gann its like slamming into a brick wall. If we do break this support I do not see how a May cycle top will come in...

Sporia

Does chainlink even have bear cycles? , one can say price just goes into a long accumulation period before heading up once again. Secondary Long term channel still intact , I did have another I was charting but it broke that one. Chainlink has had a double rejection off the 8/1 Gann so far. The longterm channel and the end of the 8/1 Gann cross March 14th 2022...

Sporia Updated 

Just a short term TA on the current price action . Bitcoin has formed an ascending wedge and got rejected once again of the 4/1 Gann . We can't seem to break this level finding it has major resistance , Monday is a big day for Bitcoin we decide if we carry on up and break the 4/1 Gann or resume the downtrend. As always set some time fibs , keep in mind this is...

Sporia Updated 

Litecoin dominance has been a downtrend for four years by the end of February 2022 the pattern will break. As you can see even though its not the perfect Gann placement we still get very good reactions off the 4/1. Also not sure how the MFI is exactly working on the dominance chart but it is so we can clearly see that it does show divergences pretty accurately....

Sporia

So I have been going over Log Fibs quite a bit the last few weeks and found amazing patterns regarding the Blue Fib log you see in front of you, take a look at the TA below . What I noticed was that Bitcoin tends to do a double bounce off the Blue Fib log before moving higher, right now with just had that double bounce. Now looking further into each bounce we...