arcone

arcone

This looks like Wyckoff distribution, and the fact that no one is talking about it makes me believe it more!

arcone

If elliot waves are to make sense for BTC, where do you start to draw the waves? So that we still have wave 5 left. Or was wave 5 the 2021 peak and we are in an ABC correction?

arcone Updated 

In recent weeks, it appears that market makers have managed to generated significant hype around positive news to get the market excited. However, it looks like they immediately capitalize on this momentum and sell off their bags. A good example of this behavior is when NASDAQ:NVDA last week reached alot of liquidity above $500, only to then dump. If we align...

arcone Updated 

It does not seem to be enough to just get everyone bullish, we also needed the bears to give up. If this was the final short squeese we might just have ended the complacency stage. Some reasons why we could see a pullback now: 1. We exactly touched the fibonacci retrace level at 78.6% 2. We are at the top of a potential downward trend channel 3. Overbought 4....

arcone Updated 

Some reasons why we could see a pullback here: 1. We are forming a bearish divergence on the daily timeframe 2. We exactly touched the fibonacci retrace level at 78.6% 3. We are at the top of a potential downward trend channel 4. Overbought 5. Red dot, indicating sell pressure 6. Global liquidity being drained

arcone Updated 

For Bitcoin its not a perfect inverted cup and handle. But since the SPX is drawing a much nicer C & H, and BTC price is correlating alot, this could become the reality. Target to the downside is at $5600, something I do believe is not that likely.

arcone Updated 

We are heading into September and overall markets do not look good. Will we enter the final leg down before some sideways action in 2023. We cannot ignore the fact that the MtGox 137,000 BTC release and potensial sell the Ethereum merge news will continue to contribute to the market drawdown.

arcone Updated 

We are heading into September and overall markets do not look good. Will we enter the final leg down before some sideways action in 2023. We cannot ignore the fact that the MtGox 137,000 BTC release and potensial sell the Ethereum merge news will continue to contribute to the market drawdown.

arcone Updated 

Denial ---> Panic ---> Capitulation soon? Yesterday seemed to be a day of panic. Are we now entering the capitulation phase?

arcone Updated 

When we look at the bigger picture, the best thing for the next bull run may be that we get a capitulation first, hit the 200 weekly sma and a rsi of below 30.

arcone Updated 

The Ethereum merge is only days away, around 15 September 2022, meaning ETH will transition from Proof-of-Work to Proof-of-Stake. The good: - should increase security through decentralizing, provided a broader pool of validators - energy consumption will be reduced by over 99% - such a big and important transition will strengthen the confidence in crypto as a...

arcone Updated 

May 2022 ? (Bearmarket?) May 2021 -39% May 2020 7% May 2019 62% May 2018 -20% (Bearmarket) May 2017 70% May 2016 19% May 2015 0% (Bearmarket)

arcone Updated 

It seems that the beginning of summer Bitcoin performs rather bad, but in the end of summer it tend to get more upward action. 2022 June -> July ?% July -> August ?% (Bearmarket) 2021 June -> July -20% July -> August 47% 2020 June -> July -2% July -> August 29% 2019 June -> July 22% July -> August -7% 2018 June -> July -1% July -> August -2%...

arcone

"Extreme contrast analysis - Think of the best case scenario, worst case scenario, and then think deeply into what you do next, manage your risk" - Crypto Capital Venture It is interesting to see how well the 2017 bull run was similar to the 2021 bull run in time. And how important 1400 days (almost 4 years) have been. Do we draw based on previous periods: - Red...

arcone

In earlier cycles entering below the 200 weekly moving average (blue line) and staying above the 300 weekly moving average has been great accumulation zones. If we extend trendline between accumulation bottom 1 and 2 we end up with a log scale channel that corresponds with the same area.

arcone

If we confirms the iHS we might get some ETH action (and hopefully the whales manipulating the price is finished keeping it back)

arcone

We might have a iHS in the making with a target at $1550

arcone

If bitcoin plays nice we might have a W-pattern in the making with at target at $1500