FrederickDupont

FrederickDupont

So to follow up on my last idea, the path followed by Bitcoin was definitely my ''worst case scenario'' option... Go take a look at my previous idea to see what I'm talking about. anyway, the green line describes what I think is the most probable scenario that will happen to bitcoin in the next few months. BTW. I bought this dip in 3 layers. 56k(20% of my...

FrederickDupont

A lot of people are scared right now and think we are starting a bear market... I just have absolutely no idea where they get that from. The bull market structure is 100% intact. If bitcoin close under the 21 weekly MA and goes under 40k then I'll start to worry... But for now Bitcoin is at 57k & above the 21 weekly and 200 daily MAs. This correction form 70k to...

FrederickDupont Updated 

*** This is a repost form last week cause this idea was deleted by trading view ''for violating one or more of our House Rules''. I had no right to promote my Twitter account according to them... *** So let's get started on why I don't think bitcoin is in a long 3 years bear market, but in a much shorter one, who's called a consolidation that could last somewhere...

FrederickDupont Updated 

What's up guys, so this post is related to my last idea where I said I expect a short term bounce around 50K and then a long consolidation (3 to 6 months) before bitcoin makes a new ATH. So today, I'll explain the first part of my last idea; the bounce to 50k, why ? 2 things, first I expect bitcoin to retest, as a resistance now, a really important moving average...

FrederickDupont

This is where I see the market heading for the next few months. A long consolidation for bitcoin before making new highs maybe between the end of the summer and the beginning of the winter. I still think we are in a bull market and that this cycle isn't over yet. I'll explain why in a series of post in the next few weeks. stay tuned! Fred

FrederickDupont

This bull flag with consolidating volume on XRP look like we could see 2$ by the end of the week. This is looking really good. With the SEC losing it's case against XRP, I think the fair value of XRP is between 2$ & 3$, If there is no correction and the market stays bullish, I see no reason for XRP not continuing to go up. However we have to keep in mind that with...

FrederickDupont

My target is to at least 75k before the next correction of 20-30%. I'll update you guys way more frequently in the next months... Stay tuned, Fred

FrederickDupont

The title and the chart says it all ahah. Love you guys. Stay tuned, Fred

FrederickDupont

What's up fam! Long time no see... Really hope you guys are doing well. So, again on the weekly chart (linear chart this time), we can spot a massive, enormous bullish triangle in which bitcoin is stocked in. It could still be long before BTC break this triangle (or not...), however I firmly believe it will be an upside breakout for the king of cryptos. I'm still...

FrederickDupont Updated 

Same cycle, just weaker & slower form one cycle to another. I still think bitcoin is in a bull market and I'm pretty sure we got our bottom for wave 2 at 4k. We are entering wave 3 now of the Elliott wave pattern, volume is good. I'm confident. I also think bitcoin's gonna reach at least 50k in this bull run. Yes, the curve is flattening on bitcoin but this is...

FrederickDupont Updated 

Hi guys, I know I've been off a lot lately, I haven't posted since a while... I have other projects on the run, that's why, however I will continue to post here, not just as frequently as before. Ok so don't worry guys, I still think bitcoin is in a bull market, however BTC is definitely in a consolidation phase, which is real healthy for the market. We maybe...

FrederickDupont Updated 

Hi, this is just a 2.0 version of my last chart... Stay tuned for more updates, Fred

FrederickDupont

And the declining volume validating the consolidation and the triangle on bitcoin. It's honestly really hard to tell if we're gonna go up or down from there, but what i can say is we have good support around 8k and I don't think bitcoin will go under that level. Next big level of support is at 6k, if bitcoin goes under that the bear market isn't over. However i'm...

FrederickDupont

Doesn't look good for bitcoin short term with this massive bearish triangle forming... I still don't think bitcoin will go under 8k, but the correction is unlikely over. Stay tuned for more updates, Fred

FrederickDupont

Hi guys, so it looks like bitcoin is stuck in a big descending wedge, which is mid-term bullish. However, before we break this triangle upside, I think bitcoin need to correct a bit more and go a little bit under 9k where we enter a really strong support zone. really looks to me like between 9k & 8k will be the bottom for bitcoin before the next major move. Stay...

FrederickDupont

Hey guys, so we're still in that much needed correction at the moment. However I think the end of it approach, I think we might go a bit lower than the previous bottom (somewhere between 8k & 8.8k) but not much lower. 8K would give us a 40% correction and it's extremely rare that in a bull market bitcoin correct more than that. Also as you can see on the chart we...

FrederickDupont

Hi guys, so I think we still have a gap to close in this correction, that's why I think it's not over yet and it could still last a couple more weeks before we hit the bottom. Also, We have the beginning of a big bearish triangle that is forming on bitcoin (I know it's a little soon to call it...) which makes the whole thing even more bearish to me. We have good...

FrederickDupont

YOO ! Here's a beautiful ascending wedge on bitcoin. This pattern mixed with declining volume is bearish and most of the time the breakout is down side. I still think bitcoin isn't done with this correction and that we'll eventually see lower prices. Stay tuned for more updates, Fred