The big picture on bitcoin continues to look bearish as the two week crypto ichi cloud is about to have a bearish T-K Cross under the cloud. The first two gold circles show a long term change in trend at T-K crosses. The first indicated that the bull market was beginning at about $370. The second firmly established the bear market and price action went form $8k to around $3.2k
The purple ovals on the OBV EMAS show we are dangerously close to a bearish cross on the 10 and 20 EMAS and the damage that can do to price action. The blue obviously shows how bullish these corsses can be. What is different about this pending cross is the OBV and 10 EMA are going to be below the 100 in very short order (relative to the chart time frame, of course) and I expect the 10 EMA to act as resistance, continually driving the OBV down lower and lower. There is always the case of a fake out but given the totality of the chart I don't think that will happen.
The Money Flow Index 15-50 have crossed. Those settings are what I tinkered with and if you have the time I encourage you to tinker with the settings. I believe that this cross will lead to the 15 period MFI approaching 20 again.
The candles show we just spent the last 2 weeks establishing the 50w SMA as resistance after it was tested as support the candle prior. Eventually I am calling for the wedge support to fail and for the price action to fail. I expect this failure to be so impulsive that we test the 200w almost immediately, as in within two candles. I then expect the previous wedge support to act as resistance and drive the price action lower around the end of March 2020.
If we just look at the tend lines we can see that the rising trendline beginning in late 2015 is still valid. It is possible that we start to go up a bit more on this trendline and out of the wedge a bit on lower time frames but ultimately we will spill down. Eventually our ability to wick up to the 50w is going to be reduced and when people realize that the selling will begin in earnest.
The purple ovals on the OBV EMAS show we are dangerously close to a bearish cross on the 10 and 20 EMAS and the damage that can do to price action. The blue obviously shows how bullish these corsses can be. What is different about this pending cross is the OBV and 10 EMA are going to be below the 100 in very short order (relative to the chart time frame, of course) and I expect the 10 EMA to act as resistance, continually driving the OBV down lower and lower. There is always the case of a fake out but given the totality of the chart I don't think that will happen.
The Money Flow Index 15-50 have crossed. Those settings are what I tinkered with and if you have the time I encourage you to tinker with the settings. I believe that this cross will lead to the 15 period MFI approaching 20 again.
The candles show we just spent the last 2 weeks establishing the 50w SMA as resistance after it was tested as support the candle prior. Eventually I am calling for the wedge support to fail and for the price action to fail. I expect this failure to be so impulsive that we test the 200w almost immediately, as in within two candles. I then expect the previous wedge support to act as resistance and drive the price action lower around the end of March 2020.
If we just look at the tend lines we can see that the rising trendline beginning in late 2015 is still valid. It is possible that we start to go up a bit more on this trendline and out of the wedge a bit on lower time frames but ultimately we will spill down. Eventually our ability to wick up to the 50w is going to be reduced and when people realize that the selling will begin in earnest.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน