@IncomeSharks this time may very well be different, but historically a bearish div in TSV with price up against resistance usually leads to a dump. i don't think we're talking $50ks type of dump, but a pullback at least. Right now facing these types of divs on the 4H/1D.
@CredibleCrypto Per usual in CT dialogue, it's confusion w/the TF you're bullish in. I would say very, very few zoom out to the yearly TF like you to define what's bullish. Any TF lower than that has long been objectively bearish, it's really that simple. All peeps have to do is unfollow π
@CredibleCrypto@RamaLamaZilla@Cryptonaut111 Not a big MA guy, but for most users I'd just keep it simple. Put a 322 pd HMA and a 200 pd EMA on the 1D Heikin Ashis. If green w/no wicks and both MAs are bullish, it has a nearly perfect track record. Absent nuke, prolly a few days away from 1st bull flip since 10/2023 π€·
@CredibleCrypto i suppose one of the differences b/w now and prior flame outs is that you now have market structure on several major BTC-leading alts showing HTF breakouts. Could end up as deviations, of course, but could also be the canary in the coal mine people want for a sustained BTC move.
@AltcoinSherpa hasn't flipped the 1D 200 yet, was hard rejected at the 2Q close, and volume plummeting. Although flipping the 4H 200 is a good start. We'll see.
@Timeless_Crypto The failure to reclaim even the 4H 200 EMA, let alone the 1D 200 EMA, was pretty telling. Not to mention plummeting volume. Back down to at least the $55ks.
@IncomeSharks at the 1D 200 EMA now and with a significant imbalance with the 1H TSV. hopefully just a LTF pullback en route, but stops up moved up for sure
@Nebraskangooner yup. not a big MA person, but i like throwing the 60, 322, and 870 HMA on the 1D Heikin chart now and then for a simple, fast, and nearly 100% accurate view of decisive trend shifts. HTF players can simply stay out until we're back above all three.
@i_am_jackis BTC's PA right now is literally verbatim to INJ's PA from a few months ago. Hopefully the fractal invalidates, otherwise should be another leg down coming. Very few LTF/MTF indicators look bullish.