RektCityCrypto

Nasdaq printing a daily 13!
This is a potential exhaustion sign after a big run and quite rare on the daily.
Keep eyes peeled. Will want to see it drop below the yellow line drawn by the script to confirm!

Bitcoin.
We have printed an ‘H’. This is USUALLY a bottom sign, but there have been a couple of fakeouts - but only a couple in the Entire History of Bitcoin. See my pinned tweet for details.
Long term buyers could be looking for an opportunity to be 15% invested.

Bitcoin.
We have printed an ‘H’. This is USUALLY a bottom sign, but there have been a couple of fakeouts - but only a couple in the Entire History of Bitcoin. See my pinned tweet for details.

Bitcoin Weekly Supertrend still bearish…

Hit the top of their bear flag today and firmly rejected.
Weekly RSI has a small bit of upside left before hitting resistance

Bitcoin weekly SRSI starting to curl over. If it goes below 80 in the coming weeks, that is when pressure will really come in to the downside

Time to break UP
or...
DOWN???

S&P 500 Weekly Stochastic Cross should bring some downwards pressure to the stock market. As the purple area shows though, its possible to keep grinding slowly up while the stochastic thrashes around the 80 area.

S&P 500 vs Fed Net Liquidity
Massive bearish divergence.
Given that liquidity is in a descending channel with no obvious catalyst to reverse it sharply, price falling to meet liquidity is the path of least resistance unless the Fed changes course materially.

S&P 500 breaking down the 12 hour rising wedge. A good taste of bearish divergence. Lets see if it can hold that 7k support.

Slightly worrying for Bitcoin

Bitty HAS broken out of the bear downtrend line, HAS NOT broken out of the bear flag, but that is NOT what we are looking at here.
We have a major Support Resistance line from the previous tops and support broken down in the bull market. Massive Resistance overhead!!

S&P 500
Check out this chart! It goes back to 1899!!
I admit, there is a bit of anticipation here - as in prediction.
The parallel channel is based off the 3 circled touchpoints only, HOWEVER… look we are currently at and the downwards pressure we are getting from this area!

Beautiful and perfect retest (and rejection so far) of the breakdown of the channel.
That stochastic RSI break of 80 and retest is so perfectly clean!

What happens next with the 10 year Yields??

BTC on the daily chart.
Broke down out of that daily uptrend channel.. now retesting the underneath and still momentum pressure to the downside on the daily.

Total Market Cap excluding BTC and ETH
Another tap of the top of the weekly channel?

The most bullish 2 things I can see for Bitcoin:
1) It has broken the weekly downtrend channel (huge!)
2) It has closed a weekly candle above the 21 Week EMA (also huge)
2 fantastically bullish things. Unfortunately, not yet enough to call an end to the downtrend!

Getting more BEARISH!
We have been grinding along the top of the bear flag, but have not been able to break above.
Here is the problem: We have a very CLEAR bearish daily bearish divergence on the Stochastic RSI: A new HIGH in price while Srsi cannot get back above 80.