HFL
@hfl_chartguy
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since crypto is so boring, thought I'd share this ratio chart of Emerging markets vs SPY...neckline of inverse head shoulders pattern just broke to upside. Both green and blue are AVWAPs $EEM $SPY
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There are numerous different metrics I've shown that all say we should not just go down crashing into a prolonged bear market. Another one that says that is global Central Bank Balance Sheet. The dynamic is most similar with 2016/17 period where it too first retested the
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Even if $SHX drops to the lowest potential area I marked (2 white arcs), PA would remain above the AVWAP from the all time low. Nothing was doctored here; I just removed all the drawings I had on the 4H chart (except the arcs) & switched to the weekly & added the AVWAP.
$SHX 12H TF - Below both AVWAPS - Below POC - C wave minimum length not hit yet What it looks like once this is completed, depending on depth of C wave.
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I used to wave away quantum computing (QC) risks to Bitcoin as far-fetched. I don’t anymore. The usual pushback goes like this: QC isn’t a threat for years, and if it is, then the whole financial system is in trouble anyway. That line of nihilistic thinking may be comforting to
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$ETH Monthly RSI. The last time it took 3 times to cross above the MA and stay, it ripped. The 3rd cross looks like it will happen again this quarter.
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$NLR 1H TF, .94 is darn near perfect.
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Not sure how many actually own all 4 but it looks like a retest has been done.
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$XRP / $SUI looking similar too, especially if you ignore the recent scam wick on XRP.
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$BTC & $ETH look similar on the 4H (structure & interaction w/ the 200 EMA). Bulls don't want to see that right shoulder forming.
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$ZBCN / $OTHERS Above the 200 + ATH AVWAP #ZBCN also going for 4th close in a row above the 200
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$SHX 12H TF - Below both AVWAPS - Below POC - C wave minimum length not hit yet What it looks like once this is completed, depending on depth of C wave.
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$VELO Loose mental bookmarks of timing I'm keeping. Default remains PA takes longer than I want & to me that’s the long path. Can it be “invalidated” w/ impulsive moves? 100% & that’d be great. Watching AVWAPs for when PA can clear each; earlier is gravy.
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