#Bitcoin USDT 10 year 3 month chart .
Crucial Q4 for Bitcoin PA.
Currently sitting on the line of Support that has existed since Oct 2014.
UPTOBER does not always work however, PA is in a very controlled and able condition right now with very suppressed candles for Q2 and Q3.
It should be noted that PA Dropped below this line of support in Oct 2022 and bounced up and below ever since.
That was the first time we seen that type of Volatility.
Previously we had seen extended periods above and Below this trendline.
Many are expecting t his Q4 to be very Bullish and the potential is there.
But we MUST have precautions in place while Stupid people try and provoke a War in the Middle East. Bitcoin has NEVER been in a Large scale War and we simply do not know if BTC would be used like Gold, as a store of Value.
So, Be cautious, Have plans in place and use them and above all, Be nice to other humans. It is the minority that desire to destroy. Most of us are decent.
We will have a HIGHER HIGH as soon as PA breaks out of this Trend / Range that we been in since March.
That circle is the Zone we need to reach before we can start jumping.
So..Sit back down everyone.. We are Still in Range.
Rejected once again and, while we have the chance to go higher, we may not.
Jumping around about a push up off the trend Low is dangerous and often ends up in disappointment.
Sorry
So, Lets rethink and wait for that moment were we DO get a real Higher high
We do still have plenty of Bullish signals, we just need to wait
But we may hit 60800, 58000 and 55000 and still print a Higher Low.
All is Good
#Bitcoin Daily
REALITY CHECK
PA Still in Range, Testing Support, Needs to cool off a little.
Resistance overhead weakening but still VERY REAL
We meed to stay ABOVE that support line today
Recently, I posted how easy it is to use the MACD to understand when BTC PA uis going to pull back or at least Range....
Well, here we are again, on the Daily chart
Guess what has already started to happen
BITCOIN MONTHLY CANDLE CLOSE COLORS since 2011
Last time I posted this, I mentioned how we needed to see a GREEN September candle to point towards the upcoming Bull Run. and we are Getting it.
Last day of the month today and it will take a massive event to turn this Green candle to a Red one.
So, Whats the significance of this Green Candle ?
The Arrows point towards the last time we had a GREEN September Candle after a RED August one.
The chart says it all.. The following months all lead to a substantial gains in Price.
But I will also draw your attention to those Red August candles in 2015 & 2016. That are all Red Candles with lower wicks. The same as the August candle we just printed.
And for me, this continues to back up the 2013 -2017 Fractal I have been saying PA is Following, almost perfectly.
However, I doubt we will see the 3000% increase in price we saw in 2017 but the Fractal points towards a minimum of 800K by this time next year - IF IT CONTINUES AS IT HAS BEEN.
There is no guarentee of anything and with the ever increasing threat of war on a large scale, we do not know how BTC will react to this.
So, we have to Sit and wait but we can certainly be comfortable that, so Far, it is looking VERY VERY GOOD.
Looking for that Stronger Green October candle
One of the easiest Bitcoin charts to understand..It is monday after all
I am going to say this because I want to and also because, well, it needs to be said, even if no one pays attention.
The Simplicity of MACD / RSI Trading.
There are people out there that will try to convince you that trading is complex and you need to pay them to get their wisdom and to make Millions.
Some tools are complex but there are two things that will ALWAYS beat them all hands down.
MACD and RSI
For instance, This is the Weekly MACD, RSI for Bitcoin since Feb 2023
We can see where it crossed BULLISH ( were the yellow MACD crosses over the Red Signal line ) in Oct 2023 and hit a High in Late march 2024. When MACD hits a high, it is referred to as OVERBOUGHT
The real SELL signal was when that MACD line ( yellow) went back under the Siganl line (Red)
From the High to that intersection, I drew that dashed line and projected when this would turn towards being bullish again...
The MACD turned Earlier than that line meeting the neutral and the Give away that was about to happen was the RSI ( Blue) turning up a while before hand.. That is a Strong BUY signal
SO, this works on ALL timeframes and is used in ALL Markets for a good reason.
This is one of the oldest and most useful tools we have. And what is possibly more important is how these tools do NOT follow the PA. As we have seen, the BTC PA has dived up and down in this time, Bever really with any intent. You Check the RSI movements compared to the PA Rise and Falls.. But We boiw see MACD down Low, or OVERSOLD
Even on chain is a lagging data driven supplier of info ( though VERY VERY handy ). ALL tools show you what HAS happened. MACD, RSI and some view on how it worlds in the past can help you see possibly whats coming.
So, there you go.
Watch RSI and combine that with the MACD and off you go. This is my most used tool set and I am Still in profit.
Have Fun and only invest what you can afford to loose.
And Still is..It is still Alive somewhere........Oh....Whats that noise..................errr.....WWOOAAAAAAAAAAAAAAAAA --- RUNNNNNNNNN
TOTAL Crypto Market Cap
PA bounced as previously mentioned.
You can see the pressure PA is under sumply by the fact that when we bounced off this line in 2021, on both occasions, we went to ATH.
Well, we bounced off it in Early August 2024 and we got rejected shortly after.
We have passed that rejection point this time but PA is looking Tired. We do have the strength to keep going so it really is in the hands of the Bulls now.
And they will likely react to the DXY Support Group Chief making a speech again tomorrow ( 30 September )
So, we wait ....................again
Have a great Sunday, where ever you are, Who ever you are
Just getting back from a Superb trip to COVID Land.
Yeah - Those Vacines did the trick well didn;t they !
Bitcoin Daily
PA continues to struggle to make a Higher high.
It could be said PA is making a W pattern, which is bullish but it needs to at least equal the original Left hand line of that W, which means a Price of 68400 before it can even begin to push higher and create a measured move to around 75K usdt, which just happens to be right under THE WALL of resistance PA needs to break through.
Can we do it ?
YES - but we maybe waiting for Mr Powell to set the scene and to hear the GDP figures for the USa
#Bitcoin Daily
PA is currently topping out att he same Price range as previously, around 64200.
This is NOT a Higher high currently, however, a sign of strength is that we walked through that 236 Fib Circle ( red) with no problem..Look what happened previously.
Today and tomorrow will give us a better idea of what to expect and let us not forget that the DXY Support Group chair (The FED ), Jerome Powell is talking today.
So, Lets sit tight and Wait..... If he signals further Rate Cuts, that could propell markets....But then again................
If you in that INJ trade..Time to pay REAL attention now...
Long term holders will still win out even if PA Drops and then recovers
I've never been Zapped and so, like a teenager, I tried it myself.
NEVER try and Zap yourself !
Bitcoin Daily Heiken Ashi
This chart also showa ua how BTC is coming under pressure and entering a "Squeeze" with an Apex in Early Oct.
PA ALWAYS reacts before that apex.
Once this breaks out, trading ALT Coins, even in BTC pairs will become harder.
So, Keep your eyes open. We ARE close to the next BTC move.
Close being anytime between now and Mid October.
If you followed this trade that I posted this morning, Time has come to think about what you want to do next.
PA has the potential to break through this over head resistance, providing people do not sell.
Otherwise, we will likely return to the lower trendline area again.
I am holding on and if we get through this line overhead, I will buy more. PA may well come back to retest that line if it breaks through.
nostr:note1qdpjnq74cd4gasvyl476hu0mtmek4hpeguyqxl90cgmqsdjy3eysjfe85w
Hello NOSTR - Primal
Can we make Groups on here ?
Could be very handy