What do the above candle closings on the weekly and monthly time-frames tell us? In my opinion quite a lot of information. The weekly (1W) closing came after holding the 1W MA50 which has been the Support for over 1 year now (since late April 2020) after Bitcoin recovered from the COVID March 2020

  With all of Bitcoin’s aggressive rise last week, a formation that went unnoticed by many was the Golden Cross (when the MA50 crosses above the MA200) on the 4H time-frame. And quite deservedly as the last 4H Golden Cross on June 17 failed to deliver a rise. The current one however managed to overcome

  Last time I looked into this very informative ratio was in late October 2020, right before Bitcoin started its new Parabolic Rise: The Triangle broke to the downside and that heavily favored BTC against Gold in a diverging trade trade that few saw. Since April though, we saw BTC giving away power to Gold

  So Bitcoin rallied aggressively to approach the June High in the aftermath of the Apple adoption rumors and other bullish news. In doing so it hit the 1D MA100 (green trend-line). If the sequence since the May 19 low is indeed an Accumulation Phase then based on the previous two phases of this Bull

  Pattern: Channel Down on 1D. Signal: Buy if the 1D MA100 (green trend-line) breaks. If not and a Death Cross is formed instead, expect a Lower Low which will be the most optimal buy signal. Target: 130.00 (the 1.618 Fibonacci extension). Tradingview link: https://www.tradingview.com/chart/SOLUSD/bVcYQPdr-SOLUSD-aiming-at-130-in-Q4

  The pair has been consolidating this past month around the 1D MA200 (orange trend-line) and below the 1D MA50 (blue trend-line). A Death Cross is close to forming on 1D (when the MA50 crosses below the MA200) and that is consistent with all price actions prior to such Crosses since the April 2018 market

  The title really says it all by itself. It is the first time that Bitcoin makes contact with the 1D MA50 (blue trend-line) since May 12, which was the start of the very aggressive 1 week sell-off that dived below 30k. What is critical now is whether or not the price can close a

  Yesterday’s $29250 low was at a level which previous held on both May 19 and June 22, which has been the Support Zone so far. If this holds again then we have a potential Triple Bottom formation, which technically it is very bullish (the RSI has also triple-bottomed). On top of that, the sentiment

  I’ve been meaning to post this chart for a while. There is no fancy technical or fundamentals analysis involved just a thought I wanted to share with the community and get your feedback. This chart is on the 12M time-frame, meaning that each candle represents 12 months i.e. 1 year. As you see each

  Puell’s Multiple is an indicator that measures miners’ profitability. I’ve set this up on the 1W chart and as you see it is on an all time low range, the 0.30 – 0.40 Support Zone. Every time since the genesis that this metric hit that zone (or came very close to it), Bitcoin was