BTC.D Update: Jenkins’ Secret Slope Indicator in Action

٢١ نوفمبر

This is a chart I’ve been closely analyzing since June, and it’s been remarkably solid imo. We’ve had a pretty good hit rate in terms of significant pivots in Bitcoin dominance occurring on or around the intersections of the slopes and horizontal retracement lines.

Each “Watch for Change of Trend” (w4CoT) marker represents a vertical forecasted timeline generated when the intersection of the slope and horizontal lines occurs. These markers have consistently aligned with major market movements, making them a reliable tool for identifying potential pivots.

Upcoming Key Levels:
• Sunday, Nov 24: A potential pivot is approaching with the next w4CoT marker.
• Jan 8, 2025 (25% Square Out): The final key date from this setup, worth watching for another significant move.

This analysis uses an indicator that I developed using Jenkins’ Secret Slope methodology. The forecasted tops (red lines) are derived by extending vertical lines from the lows within the range until they intersect with the main slope of the indicator. Once this intersection occurs, a horizontal line is plotted across time to highlight potential resistance or pivot zones.

I’m also keeping a close eye on the current support diagonal, which Bitcoin dominance has consistently found support on. It’s another key area I’ll be monitoring as this setup unfolds.

Thank you for taking the time to view this analysis. Lets see how it plays out!

٢٣ نوفمبر

تم فتح الصفقة

BTC.D Update: Rejection at Upper Slope

Okay folks, we’ve got a rejection at the upper slope (circled in red), right in line with the forecasted resistance from the indicator. This marks a significant moment as Bitcoin dominance struggles to break through this key level.

Now, I’m watching for price action to potentially break below the support slope line on or around the anticipated timeline this Sunday, Nov 24. This will be a critical moment to confirm whether the trend is shifting or holding steady along the diagonal support.

٢٣ نوفمبر

ملاحظة

٢٩ نوفمبر

أغلقت الصفقة: تم الوصول للهدف

As expected, it's another hit Barry Bonds.

قبل ٦ أيام

ملاحظة

A significant retest of the broken slope that was historic support!