#46 | High Times
A deep dive into the highest timeframe charts and signals across Bitcoin, Ethereum, altcoins, BTC dominance, stocks, and more.
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Issue #46 overview:
Over 10+ Bitcoin charts showcasing incredible strength
A handful of Ethereum charts that explain why its lagging behind BTC… and why that is due to end soon
High timeframe updates on laggards like XRP and LTC
Altcoins are also lagging according to TOTAL3, but for how much longer?
Bitcoin Dominance exhibiting high timeframe reversal signals galore
An adjusted wave count for BTCUSD based on the yearly chart
High timeframe charts for the DXY, S&P 500, Gold, and Silver
Bitcoin price could very well suffer a larger correction on the daily or weekly timeframe, but in the end, it doesn’t really matter. The higher the timeframe, the more dominant the signal. An ultra-bullish monthly chart carries more weight than a bullish or bearish daily chart, for example. This issue is all about the highest possible timeframes, from the 2-month to the yearly.
Kicking off a slew of charts featuring the Relative Strength Index is the 2M BTCUSD chart. This chart has made it above 70 on the RSI, which is the “bull zone” for cryptocurrencies. A dashed line is drawn to show how strong the trend gets once reaching this level. The coming months should be no exception.
The quarterly chart, which closes at the end of June, is also above 70 on the RSI. When Bitcoin closes back below 70, the bear market has begun.
Even the 6-month chart is in the bull zone above 70 on the RSI. In the past, there was about a year left of the bull market. But I tend to think this time is different with a top put in before the end of 2024. At most, expect the bull run to extend into mid-2025 the latest.
Last but not least, the yearly chart is in the bull zone with a reading above 70 on the Relative Strength Index. With no prior readings to compare this against, we can only go on what this high of an RSI reading represents: incredible strength.
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