Bitcoin pulse, guides and news: DCI30 REPORT: 10/23/2022

Sunday, October 23, 2022

DCI30 REPORT: 10/23/2022

1.0 THE DCI30 CRYPTO INDEX LEVEL TODAY: circa 8:00am pdt today

This post is continually updated (usually), so hit 'screen refresh' and look below item #1.9 (when it appears) for updates, (or not). ;)

DCI30 Index Notes:

The DCI30 Crypto Index was begun 04/07/2022, to serve traders who seek an accurate, reliable, and transparent index of the CryptoMarket, details here:

https://www.reddit.com/r/DorothysDirtyDitch/comments/tyoa3m/ddt_crypto_index_creation_introducing_the_dci30/

Yesterday was -62.9%: so we have edged further back towards the SharkLine, as The Call on 10/21/2022 noted at item 8.0.

Markets suddenly have a macro direction-down. FOR NOW.

The CPI (insert next cause here) has come and once again, not done anything that was not essentially known beforehand. The big brains churn and burn with their word salad analysis penned to impress, but the simple K.I.S.S. facts are this:

(1) there is a lot of money that needs to go to work

(2) that $$$ is being eaten alive by inflation's chomp chomp (so it is in extreme tension, and not the FOMO type, but the organic fiscal "have to" variety):

Psssst: this is strong, strong like GRAVITY strong.

(3) it is only a matter of time before the band is struck back up (and up). Law of the Lambo Loving Lemmings! The Market "will" adjust to 'the new black', and THAT cash "will" be deployed. When, not "if" is the operative question. This market has been laughing in the face of risk-and that is duly noted here in this view.

(4) The TIP ETF Chart is the best forward compass for what (RIA v RINA) is coming down the line . . . keep in mind there is a two week-ish delay from that 'cause' to its 'effect'.

(5) Some new rules are getting written here, as "this time IS different". :)

(6) Meanwhile, enjoy watching the paint dry here as we continue the "does we or don't me" denial paralysis.

1.1 THE ONE CHART THAT RULES THEM ALL: TIPS ETF

1HR TIDE VIEW: That dashed red line is DDT Day Trend Support developed over A YEAR, and now RSI is no longer oversold. Market effects are generally delayed in response to this by a couple of weeks, (read the chart!). Breach has consolidated (we are now moving back down sharply), down trend channel re-entry now more likely. Bottom in? We are now flirting back and forth with recent support and RSI OHR trend lines, watch this one closely as it's THE HUGE 800lb canary in everybody's room.

CHART LINK: https://www.tradingview.com/chart/wNsPO8kT/

1.2 THREE COIN MERGE/DURGE/PURGE MACRO VIEW:

7:58am pdt

5m Chart: 3 Coins To Represent This Lemmings Come Hither Market: BTC (patriarch-white), ETH (matriarch-teal), ATOM (the kids-blue).

1.3 THE CRYPTO MARKET TREND SPOTTER: "BTC Watch"

====> HEADS UP ON THIS ONE GANG-READ THE 1-7 EVENTS: 11/01/2022 = upcoming point of singularity

8:04am pdt

Downtrend confirmed, 1-2-3-4-5-6-7-8 hits (#5 and 8 = slight breach each), and #9 is the breach. The green hammer candle was followed by two spinning tops-all are harbingers of trend reversal....which we now have. You saw that called right out the windshield in moy slow motion here day after day-the power of TA that. It may drop back under the line on illiquid Sunday, but the cat is outta this bag now.

https://i.redd.it/1tqwccewmkv91.gif

"Point of Singularity" (Support vs OHR trend collision) occurs 11/01/2022 unless trend is broken beforehand, and so far that is just now teasing here.....with an UP call. Still needs confirmation-and that is the week coming. Watch for the tips. :)

**\*

Will we or won't we? (Did we or don't we?) Well, you know my consistently annoying thinking on that haha. Above is the Macro Temperature Chart, for those watching this tired rerun out of The ETH Merge cum ETH Durge Purge, and now back to MoMoMergeMode?

Perhaps in 1-2 weeks (surprise surprise-at the Point of Singularity, quel coincidence-NOT) . . .we'll see. But check the chart, no vague TA voodoo there, just K.I.S.S. obvious stuff with an out-the-windshield call on it. And when you sit back and think about it-it all just fits together doesn't it? Divine Coincidence? Um, I don't think so* . . . (and no, I am not a conspiracy theorist).

*Intelligent Design.

Weak + consolidating just above Support as the TIP crashes = Price Down Potential High inside two weeks....unless SKYNET decides to prop it all up (again).

***

We have fallen back well under OHR1 hard. Ouch! Nothing magical here, just pure persistent weakness. Sideways consolidation in a descending weak market that has heavy RINA pressures (primarily CPI/FED Mambo here), this "usually" results in a subsequent leg down. Indeed, net down is all that can be seen thus far.

As I have bleated for a while now:

The difference here is the way we approached negative trending OHR. Unlike last time, which appears SKYNET Violence Based (an "SPD": std pump/dump infection), this one is a gradual grind up. It "appears" a bit more considered/thoughtful/organic. That is NOT an endorsement haha-just an observation. The conventional chartists out there (and yes, I call them Skynet's unwitting "CCrs"), will call this a "bear flag formation". I am not said conventional chartist. I do DDT, and in DDT, we don't do the bear flag thang. It is a crap pattern as this "bear flag" is also how markets grind up in recovery. (Higher Highs + Higher Lows = How Recovering Markets Oft Run) .......And there is nothing bear market about a bull market. ;)

CHART LINK: https://www.tradingview.com/chart/8wgeh9Uj/

\***

If you are an active or learning trader, I strongly recommend you read recent posts and their updates, as day to day I may not repeat important post items, only slather on new data as I find it. :)

There is a free treasure trove of information here, stuff you will find nowhere else, (original content):

https://www.reddit.com/r/DorothysDirtyDitch/comments/qrr32h/welcome_all_yee_broad_sword_scalpers/

Good Luck & Viva La Share-IF YOU SEE IT IN THE DATA, PLEASE CALL IT OUT, (no narratives por favor)!

1.9 UPDATES FOLLOW, (trades I make are in comments section-posted when time permits):.

2.0 BITCOIN TRADE DIRTY DITCH DATA DUMP:

================> HEADS UP!: BTC Tide Turned Back to Neutral 10/21/2022

1m DDT Scalp Chart circa 9:40am pdt, (refresh via TV chart link below).

CHART LINK: https://www.tradingview.com/chart/JGCVVxmD/

Note 1: I have added scalp & swing trade areas, and will make this one chart a regular posting feature. To see all areas and trade channels clearly, use the chart link and zoom out to other time views. You know when I am keeping the chart current (yes, I do sleep and have a life haha), if the TIDE Arrow is on the right side of the chart-as shown here.

I trade right off this chart 24/7, and if you review the DDT lessons posted here:

https://www.reddit.com/r/DorothysDirtyDitch/comments/qrr32h/welcome_all_yee_broad_sword_scalpers/

.....you can too. :)

There are no magical black boxes in DDT TA, just tried and true TA that works in most any market.

3.0 ETHERIUM TRADE DIRTY DITCH DATA DUMP:

===========> HEADS UP!: ETH Tide Turned Back to Neutral 10/21/2022

1m DDT Scalp Chart circa 9:43am pdt, (refresh via TV chart link below).

CHART LINK: https://www.tradingview.com/chart/86KLBazn/

4.0 ATOM TRADE DIRTY DITCH DATA DUMP:

HEADS UP!: ATOM Tide has Turned Negative in the SKYNET ETH Merge/Durge/Purge Party Dump

1m DDT Scalp Chart circa 1:40pm pdt, (refresh via TV chart link below)

CHART LINK: https://www.tradingview.com/chart/uBhajWDE/

If you need short to balance a long book (ETH Merge Narrative Trade, etc)-ATOM is working very well for that along the SharkLine. Especially north of 14.00. It's June-ish low was in the 5's. Great >250% short range to work-but beware the massive pumps on this coin, which is a favorite temp high flier for the SKYNET Aerospace Duck Program.

12.0 MISCELLANEOUS COMPELLING DATA SECTION:

Be sure you have read this (saying it twice here): https://www.reddit.com/r/DorothysDirtyDitch/comments/x3qvu9/heads_up_btc_down_rhyme_pattern_spotted_09012022/

FROM THE "THIS IS SKYNET!" DEPT OF THE DIRTY DITCH:

\"The Free Market\" haha, um, yeah-sure! ;/

Looks like "Battle of The Bots", not free market action. :)

That \"Never\" word again....and gee MA, a Trend!