Looking at Bicoin's price action from June 2017, Bitcoin also came down to the bottom of the daily exponential ribbon only to consolidate and dump further to the 21 weekly moving average before continuing is bullish trend. Be mentally prepared for another consolidation and break down to previous support levels and the 21 weekly moving average. If we break up from...
Previous bars pattern may indicate that Bitcoin may retrace to the 50% $7k and or wick down to the golden pocket of $6251 to $6060 by end of June. Coincidentally the golden pocket will match up with the 200 weekly moving average. Looking for a strong rally to finally breakout from descending triangle to the upside to start a strong bull market where Bitcoin stays...
We could be in the second parabolic phase before another 50% retrace. The next parabolic move might take us to $23,000. People will buy on the news of the bitcoin halving and sell on the event. Smart money will repurchase at a 50% discount just like the first parabolic move before bitcoin continues to its next all time high. Looking for the next all time high near...
Looking to fill the CME futures gap at around $11,800 and touch resistance from the top ~$20k. This would be play right into the whales hands to possibly dump at this point before discovering a new support level before retesting new highs. Many people calling for $17-$18k before a retrace but I think there may be a pull back as early as $11,800. Looking at a...
If Bitcoin can not significant break up past $5,500 to retest $6,000 then I think we are going to repeat past history by dropping another 35% within the next 30 days to retest the 200 weekly moving average. The BTC Shorts charts and NVT are signaling a possible price decline. This is not financial advice. Please do you own research and make your own decisions....
This prediction made possible by transposing a similar pattern from the previous bear market. Assumptions that 1.) the bottom is not in yet at $3,200 and 2.) The next ATH will be at the end of 2021 when everyone is talking about Bitcoin at the holiday family gatherings like in 2017. If the forking of Bitcoin Cash to BSV caused the price of Bitcoin to go fro...
So when plotting BTC in log scale and having the lowest dip as baseline, it just so happens that it intersects when plotting the recent downward trend line since mid February. Coincidence? It would seem plausible that after each bubble the price may need to go down to the previous all time high of the previous bubble to consolidate and recover before starting a...
So when plotting BTC in log scale and having the lowest dip as baseline, it just so happens that it intersects when plotting the recent downward trend line since mid February. Coincidence? It would seem plausible that after each bubble the price may need to go down to the previous all time high of the previous bubble to consolidate and recover before starting a...
Should BTC follow a similar drop to the 2013 bubble we will be looking at newer lows. There are many similar price drops based on percentages from the 2013 bubble; both have already dropped -40%, -50%, and -70% in order at their respective price dips. The one noticeable difference i could see is that the 2018 bubble seems to be running at a faster pace (2-3 times...
No fancy fibs and triangles. Just waiting for price to correct. Enough said, keep it simple. This is not financial investment advice, just my humble opinion. Good luck. You can plot this same type of pitchfork log graph on any cyrpto and view your own results.
With past bubbles loosing 86% from their ATH it may be worth mentally preparing for worse times ahead. I'm already invested for the long haul but I am waiting for some key dips to buy into. Yesterdays drop was significant but I think we still have some lower lows ahead of us. This is not financial investment advice, just my best guess. Good luck.
Feeling bullish but still hoping to buy more ETH at lower prices. Stay patient. Wait and see approach. We will know soon enough. This is not financial advice.
Eth is looking to break the diagonal trend line and fib line. Recent news has been mostly positive. Looking for an ATH of $1550 before another market correction. Only time will tell. This is not financial advice, just an educated guess of what could be around the corner.
Finally some bullish numbers today. Possible head and shoulders breakout at the start of the Chinese New Year (Feb 16th, which can last two weeks). I feel this may just be short term bullish move. Litecoin is posting huge gains today on the news on their "LitePay" and it seems this is bringing new life and money into the market. Only time will tell but it's still...
The recent FUD with India, Tether, and South Korea is making the perfect storm to drive prices down to realistic support levels. Charting ETH dips still puts ETH at having 1,000 + gains by the end of the year. Stay the course - Buy on the dips. These low buying prices won't last long once the recent FUD news becomes old news and asians starting buying again after...