@TechCharts That average is positioned at such a key price range. If you look at the weekly 55EMA, you'll see it as a bull/bear market divider throughout the history of BTC. Sits at about the same price as this MA.
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MarkW-Permanent Laser Eyes
4.6K posts
$BTCUSD holding close to the upper boundary of channel. Can we see a quick sharp directional move soon with a breakout higher? A re-test of the year-long average?
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Simple look for BTC. Bullish or bearish? TA says bullish above top of cloud at 79K, Stil potentially bullish if 71-73K holds. A drop to the bottom of the channel and bottom of the cloud probably doesnt hold and we look to what happened above when the bear flag broke down
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@Pladizow I'm so skeptical but monthly is closing in 7 days...currently looks like a legit Morning Star candlestick pattern. Could look much different in a week but so far it's hard to ignore.
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@IDFinancial Are you sure about that?
This is the index. Green moving average is 55EMA on weekly. Stopped the party revisited the lows. Seeing at least a sweep of 62-64K possible IF price cannot get above 87K which is where that green 55EMA is now. That’s a key market dividing EMA
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Every time Bitcoin has recovered 30% from a cycle low, it has never revisited that low. 6 for 6 across 13+ years.
The YTD low of $61,303 (bitbo.io) to today's ~$79K is a +28.9% recovery. The +30% confirmation level sits at $79,694.
We're at the doorstep.
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BTC pushing on a key price for investor mode. Would need several weeks above 76K to open the door to building a bullish structure. I would then like to see 85-86K becoming an area of trusted support to fully build a long term bullish strucutre
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@dkgoesparabolic This was an alternate idea that seems to be the play. Still not convinced 60K was the low. Need 75K to hold for weeks and then absolutely have to get above 85-86K to build a long term bullish structure
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Been watching this pattern which has been looking a lot like Nov 21-Jan 29. The target is not remotely unreasonable. Falls in line with bottoming zones of all prior bear markets based on fibonaccis and moving averages. This gets more serious if/when DXY begins trading above $101
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@DowdEdward May 2025 left a yuuuge 3.75% gap up on NDX(2.5% for SPX) but it cleared resistance. Last week’s 3% gap in NDX took price into resistance. Could’ve seen good news to clear resistance but it seems positions were sold and shorts were in place. Cue the bad news.
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@DowdEdward Just watch the charts. They’ll tell us what the news will be👀Anticipated bad news this weekend as the S&P, Nasdaq and QQQ closed the week with the S&P moving to a TD 9sell and NDX and QQQ at strong resistance. Trump has some top TA autists working on the inside to time tweets
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I can’t keep up with this whirling dervish.
*Walter Bloomberg@DeItaone
*TRUMP WEIGHS LIMITED STRIKES ON IRAN AFTER TALKS COLLAPSE: WSJ *STRIKES WOULD BE A WAY TO BREAK A STALEMATE IN PEACE TALKS: WSJ
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@DowdEdward So about that bounce…..rare technical setup of course aided by “good news” from the media. Bounce likely confirms lower high leading to lower lows. More probable with DXY above $101
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@DowdEdward All inside of a weekly red 9.
Still going lower after a bounce tho.
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$SPX
If I was advising the President I would tell him to save his Iran war posts until Wednesday where the daily DeMARK signals print a potential daily 13 buy with 2 lower closes from today. We are on 11.
A potential technical bounce coming. The only question is at what level it starts.
Not investment advice.
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@PeterLBrandt MSFT closed a week below the weekly 200SMA for the first time since 2012. And that was a period where it was finally trying to establish it as support after the 2008 crash.
Those lows sparked nearly 14yrs of the 200SMA being THE long term investment buy.
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Comparing now to 2008
MAGS vs. Dow (which lead then)
DO YOU THINK THIS IS POSSIBLE - YES OR NO
If true, the good news is that we are almost halfway home
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2 month found the bear market lows in 2022 These two looks show us a potential bottoming zone of $45-60K. Anything below there is where high levels of fear come into play and could perhaps be low a risk place to make a few final purchases.Not financial advice, just observations
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Monthly and quarterly are getting ready to close. The drop to $60K took the price to the top level of the value zone. Last bear market settled just below the lower moving average at $46K. Check the next thread for a look at 2 month which shows a clear bottoming MA in 2022.
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@chrismartenson Not defending this in any way, but perhaps it’s a way to get back at Wall Street and hedge hunds for shorting his life right before the shooting in Pennsylvania…..that was determined to be a clerical error and then reversed?🤷🏻♂️
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I'm glad the insider trading off of Trump's tweets is getting more attention. It's a MASSIVE scandal... almost as big as who placed those put option trades on American Airlines in the days and hours before 9/11. Same energy....
Furkan Gözükara@FurkanGozukara
The insider trading scandal just got worse. It wasn't just oil. Someone also made a massive unexplained trade on the S&P 500 exactly 15 minutes before Trump's Iran war tweet. Hundreds of millions of dollars made in minutes. They knew exactly what he was going to say.
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@bitcoinmunger @dondrummondshop Look at the weekly, 2 week and 3 week RSI readings for both periods circled.
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Many are showing the 2022 Bitcoin bear fractal as a reason to be bearish.
This doesn't look so similar anymore to me though. One cut right through the 200-week MA, one did not.
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@CarpeNoctom Funny how this all begins after DJI printed a monthly shooting star candle with weekly bearish divergence in all the market indexes right?
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Just think, if all markets were 24/7, there'd be no more war.
Few.
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