evillz

evillz

BTC dipped below the weekly cloud and bounced at horizontal support. But CURRENTLY it's actually not bad considering stock market futures are pointing to a big sell-off with tech and even financials going to get clobbered. It's a volatile market so who knows where we'll be by closing bell.

evillz

How the heck does BTC know to keep to the left edge of the cloud? lol The cloud is one of the few indicators that is not lagging. It tries to predict the future. BTC is about 9% from finally going above the daily cloud. Can it do it? I has to break above the 50 MA first. which could be the next resistance.

evillz

It's at the bottom of the weekly cloud and 0.786 Fib is resistance. What's moving this market? Certainly not the diamond hands. It's mostly whales, exchanges and leverage traders. In the last 24 hours, 98,650 traders were liquidated. In the last 4 hours, it's mostly shorts that got REKT.

evillz

ETH, BTC, Total Crypto Market Cap exclude BTC, and Total Defi are all in a Death Cross and the latter 2 almost back to before the bull trap. Are your alts keeping up with BTC?

evillz

This is the monthly log Fib curve chart. Historically, once the bull run has crashed below the 23.6% Fib (blue line), it's going to 0 Fib (red line). Notice the massive bearish RSI divergence showing manipulation of the bull run to ATH.

evillz

BTC is back inside the weekly cloud, broke thru 50 MA support and filled a couple of CME gaps. That's a 10% crash in a few hours. I said before that as a swing trader, I will not get excited until BTC stays above the Waterfalls. The next major support is the POC of VPVR (red line).

evillz

Chart compares gold, S&P 500, alts and DeFi. Investors like gold in times like this.

evillz

Golden Cross in US10Y, DXY or USD index, US Oil, and VIX or Fear/Volatility Index.

evillz

BTC has exited the weekly cloud (blue) and entered the daily cloud (red) and the Golden Ratio of 0.618 Fib is resistance. It's very possible BTC will exit the daily cloud by the end of the week. What's good for the stock market is good for BTC.

evillz

It was a red week and broke 2-wk winning streak. The good news is no matter what, BTC will enter the daily cloud (red) within a few days. The 50-day MA is support and the 0.618 Fib is resistance as it consolidates inside the weekly cloud (blue).

evillz

US indexes are bouncing off of the weekly cloud with BTC being most correlated with the Nasdaq. All the US stock indexes ended the week negative breaking their 2-wk winning streak. The Canadian Index is on a 3-wk winning streak. We'll know tomorrow if BTC will have a 3-wk winning streak. The daily cloud and 0.618 Fib are strong resistances.

evillz

It's now in that tiny black space surrounded by supports of the weekly cloud and 50-day MA, and the daily cloud and 0.618 Fib resistances above. It's floating near the top of the waterfalls. Soon either the supports or resistances will be broken for more than a few days. Bitcoin continues to follow the Nasdaq.

evillz

Volatile price action last night, going in and out of the daily cloud. The Golden Ratio or 0.618 Fib is also a strong resistance. If it stays above the waterfalls, that's where I get excited.

evillz

BTC is back inside the daily cloud, barely. On the hourly (right chart), it's been making several attempts to penetrate and stay above the 0.618. Will the King finally escape the clouds, with the weekly rising? The stock market is looking bullish on its way to a 3-week winning streak. Same with BTC. Most anticipated CPI data comes out tomorrow and could...

evillz

BTC penetrated the cloud and 0.618 Fib but so far unable to stay inside/above them. Bull trap? I think it will follow the Nasdaq for now.

evillz

BTC has been highly correlated to the Nasdaq since July. It's currently near the top of the weekly cloud and the 50-day MA is resistance. The Nasdaq is now above the weekly cloud - bullish.

evillz

Current resistance is 50 MA. I will be more bullish if it breaks and stav above it.

evillz

Candles are getting farther away from the top of the waterfalls. If Bitcoin crashes below the cloud, and unable to avoid getting sucked into the whirlpool then you are looking at a long bear market. Bullish scenario short-term is for Bitcoin to keep bouncing on top of the cloud.