Altcoin Lengthening Cycles!So, I have this theory... Alternating Altcoin cycles.
Coins that might fit the requirement.
XRP
LITECOIN
DIGIBYTE
DASH
BCH
XMR
Blochchain
Is something wrong? The halving come early?We are looking at a chart of bitcoins entire history against the stock to flow. The stock to flow is the orange line that price action tends to follow. The green line on the lower part of the chart with the what looks like speed bumps in is the deviation of the stock to flow. Well, the deviation in the past has made moves higher almost precisely the halving. Yet here we are over a year away from the halving and it's signaling something. What is it saying? or could it possible be broken? or is there another underlying issue?
Let's take a look.
First off the stock to flow is sitting right at 52.6k and right now and the price of bitcoin is at roughly 16k. This is the biggest deviation from the stock to flow it has ever had in a bear market. The price now is so detached from the S2F that it could be literally telling us that bitcoin could be as cheap to by right now as it is right before a halving. This is all backed up by the RSI indicator on the bottom that is showing us bitcoin has never been this over sold on the monthly ever before. OK, BUT WHY? why is it so cheap right now? Good old fashioned fear could be the answer. Or is there something else wrong? Is it something nefarious?
Only time will really tell the answer to that. From what I see , I think we are waaay over sold,
so much that the S2F has deviated more than ever and the RSI says the same thing. So does this mean the bottom is in and we won' t go lower ? No, we actually can go lower, What it could mean is that this a very rare anomaly that might just might never happen again. It could be the norm in bitcoins future as it grows. Or it could be the buy of a lifetime and could explode higher in the weeks. One this for sure... it's a damn good time to buy.
Legend
S2F Model Value
S2F Bands Deviation
RSI
let me know what you think in the comments below
Thanks for looking
WeAreSat0shi
Stay Blessed!
The RSI is also the most oversold
The bear trap is set. The 2023 bear trap
AS we can see on January 20th Bitcoin broke the down trend it has been in for over one year now. Recently the resistance was tested and was made in to support as Bitcoin took a strong bounce off of it. WE can clearly see this in the chart with the highlighted oval.
Above that we have the bear trap zone and the fomo zone A break and hold of the 25.4k level leads to the setting of the bear trap. This bear trap zone goes all the way to 32k above that is the fomo zone and it goes to 47k and possibly even higher. These ar eth e levels to look for in the coming weeks.
Another thing of note to look for is that Bitcoin could retest the break out zone at a later date {shown with the blue arrow} and as long as it holds it could then lead to the bear trap.
What to look for
The RSI will be a dead give away on what move comes first as I have drawn the down trend that it is in at the moment. If this should break above the down trend then it will do with the price and confirm the move.
Thanks for looking
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WeAreSatoshi
Stay blessed in 2023.
XHV is ready for a breakout!Here we see a chart of XHV Haven protocol on the weekly vs BTC. As we can see, every time price action gets near the 21 week moving average (yellow line) and gets above it, a vertical move follows. I have also included the Vortex indicator (VI) and the Money flow indictor (MFI) both on the bottom of the chart.
The VI; When ever the blue closes the distance and moves above the magenta line a vertical move follows.
The MFI When ever the money flow is above 50 (drawn green line) a vertical move follows.
Nothing is guaranteed but when all three of these line up it creates confluence which are much stronger together as indicators.
Thanks for looking
Please feel free to post questions or comments down below.
RIOT Blockchain: Bearish Divergence Double TopRIOT has Hidden Bearish Divergence ont e MACD and Classic Bearish Divergence on the RSI and I will be playing this via the March Puts at the strike of $5.5.
Algorand is a cypher with three target possibilitycypher harmonic pattern:
AB=0.38 XA
BC=1.41 AB
CD=1.27 BC=$0.79 *reached*
or
CD=0.78 A=$1.84 *reached*
or
CD=2 BC=$2.63 *more likely*
BTC -The origin of Bitcoin is like planting a tree. I admit, I couldn't stop thinking about Bitcoin the whole time I met him.
It's not technology. It's a whole fucking organism.
The origin of Bitcoin is like planting a tree.
Not only the choice of plant species (code) but also the season (launch time), soil (distribution) and horticulture (community) were important for its success Satoshi.
He had to grow to be strong, powerful and huge.
It had to survive drought, storms and parasites.
Its deep roots had to support the weight of the new world reserve currency, the benchmark of value.
Time to rally $ETHEthereum has been struggling this past week, however it is maintining a larger upwards trend, even now over the weekend, there has been no serious dips. Still want to see it pick up some speed some time soon, and if the larger markets decide to take another run downwards, that could be a catalyst, but we never know now do we :) I'm Long in $HIVE.V as my crypto play, and will stay there as long as $ETH stays the course.
BTCUSD - Interesting test of downward trendline topAll is on chart, breakout or continuation of consolidation? We'll see. Personally holding shorts and much deeper longs. Will watch for full candles to close outside of channels for confirmation of breakout, if it's the case. Have fun, be safe.
