AspiringPro

AspiringPro

Looking at the log regression, it dawned on me that every time that BTC has come down to the bottom of the red channel, it usually didn't have the juice to pop back up. I think 33k might be in play, top of the blue channel. Alternatively, bouncing off here can save the bullrun. But in this global climate? I'm not so sure. Holding steady, but cash ready.

AspiringPro

This all seems familiar to me... BTC has popped off from its cycle low and shown us market participants that it's alive, and now its consolidating around the previous cycle high. This log regression fits quite nicely over Bitcoins steady, exponential and almost linear rise. It would appear that BTC will break out of the regression channel at around...

AspiringPro

I like coming back to the BTC 5Y every year or so to see how the chart has morphed. This will be the third BTC bull cycle for me, and it seems like there are always three major technical developments in the run-up ; 1) major triangle breakout 2) initial growth phase 3) parabolic growth phase The major triangle breakout signifies a departure from the price...

AspiringPro Updated 

There goes my summer eurotrip.. Deep red MACD, looks like its got a bit of a lag to it, so my guess is a bounce to ~1:93 and then a culmination selloff to the bottom of what appears to be a well enough established range, around 1:87. Get it together, yanks!

AspiringPro Updated 

USD:RUB is now re-testing last months high of 73:1, which has been an area of interest since early 2020. Having formed a bullish wedge in the process, if broken upwards, 75:1, 78:1, 80:1 are logical targets for ladder sells. Technically, classical charting principals dictate a target of 85, which coincides with the last real area of historic price action for...

AspiringPro

Last time I saw volume spikes like this USD rallied hard against RUB. Will lightning strike twice? I think 85:1 is a certainty. Beyond that, 90-100 but perhaps not this year. But the general theme remains the same - you don't pick a fight of finance with the Anglo's and expect to make it out in more than one piece.

AspiringPro

Not meant as a serious analysis, just interested to see what trajectory BTC USD ultimately embarks upon. Will check back in a year or two. Due to fiscal irresponsibility from every world government, as well as changing global economic structure and geopolitical situation, it would be difficult to imagine a scenario where BTC breaks downward and dies.

AspiringPro

On one hand I would imagine 100 is quite strong psych. support. However, those are just my subjective thoughts, which often get me into trouble whilst trading. The hard facts are that a recession is incoming, and that spells trouble for Dixie. Not to mention the banking, inflationary and otherwise economic problems. Still, I am unconvinced of any specific...

AspiringPro

The writing was on the wall for this one - >>rising wedge, >>longest MACD green swing in this pairs history >>lots of new analyses recently on this currency pair, which is usually dead, all of them bullish. However, though a pullback was long overdue, I'd say fundamentally nothing has changed. At a glance, DXY is down a bit, albeit on strong support, US...

AspiringPro

I don't trade FX so this is just training for me. Volume spike before the big surge to upper 60's / lower 70's has not seen corresponding high volume sell off yet, which alongside ongoing consolidation leads me to believe we are still not out of gas. I would like to see 80 level reclaimed.

AspiringPro Updated 

I don't believe there is much worth in T.A. on RUB pairs - it is a heavily manipulated and practically 'closed' currency. Clearly the government de-facto pegged it at around 60 so they could say they are stronger now than before the sanctions. However, it seems as though it has broken and backtested the wedge it has been trading in. 70-80 would be nice. Anyway, lets see.

AspiringPro

-continuation from my previous idea. If we view the BBands without log chart we can see that for the past 2 bubbles, the price action culminates in a peak above the top band, then retreats to test the middle band, then *briefly* crashes below it, before rebounding back to find support on the middle band, and then progressively starting the new bull run. This...

AspiringPro

I published a similar chart earlier last year as the bull market was ongoing, and now that the dust has settled it appears that my theory has held. BB + LOG chart creates a pretty damn easy to follow chart on approximately when to sell. Looks like a ~2 year bear market is indeed upon us!

AspiringPro Updated 

I am curious to see what direction we will break towards from this multi year triangle. With increasing political, social and economic pressures mounting in the US, alongside emerging competitors on the global stage, fundamentally we cannot exclude a break upwards, from which we can potentially see a ~10 year trend culminating with a retest of pre-2014 levels of...

AspiringPro

MACD+RSI look like a good relief rally is in place for the next quarter. I'm guessing .618 is a reasonable hit which should come in at around 53-54k. Regards Dan

AspiringPro Updated 

Looks like we have bounced off the support from the trend since 30k which has marked this leg of the bulltrend. Failure to hold here will result in major losses dropping us to back down to major supports at 40k, and more likely 30k. Maybe even lower as in 2018. Lets see!

AspiringPro

This Bullrun started during the COVID outbreak in March. We are right at the trendline. A close below confirms the bear market onset.

AspiringPro Updated 

BTC just closed above a massive symmetrical triangle that has been building through 2021, the target of which should place us well into the 90-100k range.