This week's #Bitcoin update just posted.
+ Review of price action indicators
+ Take on the weekly and 2W closes
+ What's important for the next ones
+ Update on all trend reversal indicators
Full issue Saturday.
https://www.getrevue.co/profile/techdev_52/issues/techdev-newsletter-top-gauge-issue-15-1045368
+ Review of price action indicators
+ Take on the weekly and 2W closes
+ What's important for the next ones
+ Update on all trend reversal indicators
Full issue Saturday.
https://www.getrevue.co/profile/techdev_52/issues/techdev-newsletter-top-gauge-issue-15-1045368
www.getrevue.co
TechDev Newsletter - Top Gauge Issue #15
Weekly candle close was not a bullish print, but history offers plenty of examples of similar prints during recovery. One in particular during March 2020. This week's follow-through will be key.2W close back inside the 40-52K range was a positive. Really…
2021 was all about why projects A B C will moon over the years because of fundamentals X Y Z.
2022 is all about why none of that really matters and actually crypto will only go up so long as the fed prints.
Not taking a position. Just find the rapid narrative shift interesting.
2022 is all about why none of that really matters and actually crypto will only go up so long as the fed prints.
Not taking a position. Just find the rapid narrative shift interesting.
#Bitcoin is in a 1min uptrend, 2day downtrend, 2week uptrend, 3month downtrend, 3year uptrend, 10year uptrend.
Bull/bear all a matter of perspective.
Take the trade/investment on the timeframe that’s right for you.
Or take a few.
We all trying to make it in this market.
Bull/bear all a matter of perspective.
Take the trade/investment on the timeframe that’s right for you.
Or take a few.
We all trying to make it in this market.
#Bitcoin will break out and shoot past $200k and everyone will forget about how angry they were in 2021
Roughly day 375 of #Bitcoin ’s current corrective wave.
Last one took about 470 days.
Monthly MACD cross, weekly RSI under 50, price under 50W MA, panic…all happened then too.
We’re early, not late. IMO.
See next page for where I see these waves fitting in the larger ones.
Last one took about 470 days.
Monthly MACD cross, weekly RSI under 50, price under 50W MA, panic…all happened then too.
We’re early, not late. IMO.
See next page for where I see these waves fitting in the larger ones.
Whatever happens to the markets in the short-term will be noise in the long-term.
Prayers for the Ukranians and all human beings tonight.
People always come first.
Prayers for the Ukranians and all human beings tonight.
People always come first.
The self-congratulating short-term bear posters last night as bombs fell are suddenly a lot quieter.
Day still hasn’t closed. Week hasn’t closed. Month hasn’t closed. Year hasn’t closed.
Patience FFS.
Day still hasn’t closed. Week hasn’t closed. Month hasn’t closed. Year hasn’t closed.
Patience FFS.
Appreciate those who called out my flippant tweet.
Bear/bull is arbitrary and tf dependent.
I vented frustration at those who lack respect for long term strategies/convictions and flip-flip for clout.
In the process I denigrated those with shorter-term views. I apologize.
Bear/bull is arbitrary and tf dependent.
I vented frustration at those who lack respect for long term strategies/convictions and flip-flip for clout.
In the process I denigrated those with shorter-term views. I apologize.
Despite larger market cap, bigger players, and different supply dynamics...
I still see consistent impulsive and corrective patterns over #Bitcoin 's history.
Those factors, among others, likely contribute to the lengthening of these patterns.
I still see consistent impulsive and corrective patterns over #Bitcoin 's history.
Those factors, among others, likely contribute to the lengthening of these patterns.
I've heard the left side move called a "smooth" #bitcoin parabola.
I can promise you it did not feel like one if you were checking Twitter and charts every day.
I can promise you it did not feel like one if you were checking Twitter and charts every day.
We are apparently at the part where the ones who were wrong in 2021 because “the cycle”, are now certain of no new ATHs for years because “the cycle”.
I used to be one. I remember when my belief in a predictable 4-year heartbeat of blow-off tops that would make everyone rich, made me allergic to other interpretations.
Perhaps we are in the same macro impulse wave that began in 2019, and are seeing a similar early structure to the current sub-impulse as we did with the last (late 2020).
Or perhaps the 4 year cycle (closer to 3.5 years) if there is one, is driven by liquidity, not the halving. Perhaps we are in the early stages of a parabolic leg, similar to late 2015/2016, and those who can’t look before 2019, won’t get “one more big dip”.
If the last 2 years have taught me anything, it’s that history much more rhymes than repeats, but that rhyming can happen cross asset. #Bitcoin in my opinion, at this stage, is a speculative asset, subject to the same forces that drive any other. Be careful of blind devotion to a special “cycle” with its own set of rules. Especially ones that are supposedly easy to follow. The market never makes it easy.
I used to be one. I remember when my belief in a predictable 4-year heartbeat of blow-off tops that would make everyone rich, made me allergic to other interpretations.
Perhaps we are in the same macro impulse wave that began in 2019, and are seeing a similar early structure to the current sub-impulse as we did with the last (late 2020).
Or perhaps the 4 year cycle (closer to 3.5 years) if there is one, is driven by liquidity, not the halving. Perhaps we are in the early stages of a parabolic leg, similar to late 2015/2016, and those who can’t look before 2019, won’t get “one more big dip”.
If the last 2 years have taught me anything, it’s that history much more rhymes than repeats, but that rhyming can happen cross asset. #Bitcoin in my opinion, at this stage, is a speculative asset, subject to the same forces that drive any other. Be careful of blind devotion to a special “cycle” with its own set of rules. Especially ones that are supposedly easy to follow. The market never makes it easy.
Today, #Bitcoin ’s 20W MA crossed above its 200W for the first time ever.
Could mean nothing. Just worth noting.
Could mean nothing. Just worth noting.