#Bitcoin Daily Despite the optimism in the weekly chart, there is a high % Chance of rejection today and possibly longer. As you shold all be aware by now, there is NEVER a guarantee with Crypto. But we really need to try and avoid dropping below 60K again. We di have support from the RSI and a possibly turning Bullish MACD All to play for today but, sadly as ever, We may have to wait for Data from the USa on 9, 10 &11 Oct...which takes us to the end of the Week FOMC minutes on Wed 9 Inflation data on Thursday 10 PPI amd stuff on Friday 11

#Bitcoin Weekly Candle closed Red and not surprising really giveN the 3 Green weeks previously. But the question on everyones lips right now is Will UPTOBER start now ? and the simple answer is, "Yes, It can". The MACD has bounced, though cooled off a little but still down near Neutral and OnChain data backs up this sentiment. The week has started Green and PA has found support on the long term trendline ( dotted) Current price is 63600 Resistance over head starts at 65450 usdt ( 3.618 Fib line ) The real test begins at 71970 usdt - the 4 Fib extension line. And the Warning Zone ( that can be beaten) is at the 4.236 fib line at nealy Exactly 76K usdt WE CAN DO THIS - it is why we have been ranging since March. We now have the "ummpphh " to push through Lets do this

Bitcoin repaeting patterns from 2021 I have used a line graph to make it easier to see, though it does take some details out. With candles, the % given are seen to be accurate. So. From the point where I considered PA to start its move in Sep 2020 ( 1 ) , we saw an initial 84.6% move higher before PA took time out and Ranged, to cool off. Similalry, the start point this time was in Jan 2023 ( 1 ) and we saw a 95.4% rise before PA took time out and cooled off. In Dec 2020 ( 2 ) , then took us up another 124% before we saw a more severe pull back ( 3 ) of -28.6% This time round, we saw a Rise of 131% ( 2 ) before the current pull back of -33% ( 3 ) We now sit at the point where we maybe about to start the 4 leg up. In 2021, The next rise ( 4 ) took us up 119.4%, to the next ATH in March 2021 If we were to do this again in 2024 / 2025, a simialar rise takes up to that magical 100K zone. This time round, the whole process has taken a Lot longer, more controlled and calmer and, maybe, less likely to fall like a stone afterwards. Amazing similarities in Price rises %.

#Bitcoin 4 hour and Bollinger Bands. PA fell down the lower band and has since pulled off it and is now trying a recovery though it may find resistance around the Basis line ( orange Dots ) at around 51500 The VRVP on the right of the chart shows us the Window of low resistance that exists up to the POC ( point of control Red Dots ) at 63200, which is also the area where the upper band line is. Today, I think markets are waiting and once the Trigger is pulled, we will see reactions. Over all, resistance overhead is weakening and the potential for Further gains exist though, at the same time, we need to be aware that a drop is also very possible. On a Longer term timeframe, It should be understood that trend strength is now very weak. The trend being a submissive one. The Ranging since March 2024 is about to end and trend strength will increase and it will be BULLLISH

This chart is the #Bitcoin Index Daily ADX DI + and DI - What are they ? The ADX ( yellow ) shows us the strength of a Trend.. NOT THE DIRECTIOiN OF TREND. So, If a Trend is + or -, this line, when rising, shows increasing strength of Trend. The Orange line in the positive Price direction index or the strength of the + price increase. And similarly, the Red line is the Negative price index. And so, what this chart shows us is the strengths of trends and price action. and what I want to show you here is simply how we went from a positive Trend set, to a negative trend set and that we are still in that negative trend set for now. On the left of the vertical dashed line, notice how the ADX (yellow) rose and fell with the Orange DI + but at the end of March, after the BTC ATH, the trend reversed... See how now, the ADX rises and Falls with the Red DI - though this trend sequence appears to be getting weaker and weaker. so, we wait for this to reverses again.

Bitcoin Daily and Weekly Charts with SMA ribbons - 2 stories This is the channel BTC has been in since Jan 2023. We broke out of it on Feb 2024 and returned into it in July 2024 The 1st image is the weekly chart and we can see how, as a result of this Long term Rise since Jan 2023, The SMA's have begun crossing Bullish with the 100 (blue ) just recently regaining ground above the 200 ( yellow) . This is despite the Long Term Range we are currently in and shows the strength the PA Has Had. The 50 ( RED) was the first to recover and it is that that is currently offering support to PA as is shown by the bounce off it just 3 weeks ago. However, the Long Term range just mentioned has yet to fully appear in these SMA's So, lets look at the Daily The Daily shows us the battle taking place between the 50 (red ) and the 100 ( blue ) The Bullish order for these SMA's is , from top to bottom, 50 ( red) 100 ( blue) 128 ( green and 200 ( yellow ) What worried a lot of people was, on the 8 August, we saw a "Death Cross", where the 200 crossed above the 50. this is considered a bearish sign but I will say, we saw this on a few occasions in 2020 - 2021 nad PA recovered. We can see how PA has tried to recover recently and, in fact, made a slightly higher high and it even got through the 200, that tried to be resistance.... But we failed to hold that and now, just today, we have found support on the 50 again. We need to hold this but we may not. For me, I think we will see 58K , FEAR will set in again and we will have to wait and see how things play out. The problem with Moving Averages and using them as Tools for understanding the market , is how laggy they are. They take so long to react. The Weekly Looks fine.... Very bullish, 100 crossing over the 200 - everything looks LOVELY but the real story is below that, the Daily, all hell is breaking Loose. And the lower down the time frames we go, the worse it gets but the nearer to the real time data we get. I Look at MA's, I do my business with other Tools. A Death Cross, for instance, only shows us what has happened ALREADY and any decent trader will already have seen that signal elsewhere, like in the PA for instance ! But, they do have thrie uses......... Simple as that

I would just like to say THANK YOU..No..Hang on.. a MASSIVE THANK YOU to everyone that contributes to NOSTR development, the people that make it possible for me to say thank you. Behind ALL OPEN SOURCE are 100's i fnot 1000's of people, all giving their time So, THANK YOU Guys and Gals - you are true Dismonds

#Bitcoin Daily The 50 (Red) , 100 (Blue), 128 (green) and 200 (Yellow) Simple Moving Averages ( SMA ) are in Exact reverse order to that of how we would like to see them Normally, when PA climbs, the 50 is above the 200 as on the left of this chart And as mentioned before, see that MACD is up high and is very likely to Drop as PA either Ranges or Drops further. I will say, that in a Full on Bull Run, that MACD can Range High..... But we are NOT in a Bull run yet... Caution is very much the name of the game right now.... Bullish Caution

#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.

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................