CharterX

Bitcoin 2019 Analysis

Long
CharterX Updated   
BITFINEX:BTCUSD   Bitcoin
Hi guys, long time without posting, i apologize for that. I was out for half a year, actually i had to be disconnected since November 7th 2018, a couple of days before the big drop of price, for personal issues (that's why trading is really stressing up so i advice to be in complet control of emotions and keep mind and body clear and healthy lol! without any kind of substance that could blind you out), that's why i could not keep posting last trend analysis of #BTC.

Somehow i was right, it was a huge descending triangle that needed to go down to complete the Chuvashov track.but Anyway, here we are, new year, lot of things going on and to take in mind to make good trades so here i share what i have so far. It's based on #fractal in big scale. At this point im not quite sure is the right #fractal that is going on so this is the first idea, which ill promise to be updating to share with the community. As usua, this is not trading advice, just my ideas that i like to share with you guys and hope it could help ya out some how.

There are a lot of signals. In my opinion this is the high part of the Chuvashov before the final dropping to start the huge rally so be careful. It could go really down and more because there have being good news for the adoptoin of a new type of coin in the world, finally with real use and possible control of systems, which mean there's gonna be a huge buying of coins.

Any way, ill upload some indicators too so stay tuned and happy trading guys!

BTW, here's my link to instagram where im uploading some interesting stuff cause it takes me less time to write over here because of work so, i invite you guys to have a look.

www.instagram.com/charter_x_/

Ill Post soon.

Jose Fiedler
Comment:
Here just the indicators that were not visible in the main post. Peace!





Comment:
One more thing, the fractal Ghost you see, is a reference, we all know they are similar but change visually in different time frames, but serve as indicators on which way things can. Have Fun!
Comment:
Hey there guys,

So just a little update cause we are getting to a crucial point. As i mentioned, the bars pattern tool used from the small fractal is just a guide, but as you can see its following the path. Here's an image of today, 4 hours chart time frame. Once we get the 10 grand stay alert! Something i've notice and i have mentioned too a few times in the past, we are at 21-23 of month, this are dates when sometimes big things occur, on any direction so stay focus. Take in count that we are getting at the end of the month too and people and traders are gonna look for their profits.


The Cycle i have in chart is indicating we are almost at the top of on cycle so, another thing to have in consideration!

This is the daily MACD:


Pay attention to lines i always draw, they always tell a story! Something i've learned and it's one of the thing that attracted to me into chart drawings is that at some point those lines serve as supports or resistance, no mater what the indicator you apply them, is the same.

im my charts you will see i use different colors. This refers to lines i draw in different time frames:

Red: 1hour
Orange: 2hour
SkyBlue: 4hs
Green: 1 Day

Pink for Chuvashov Fork and Purple for Invert Chuvashov. Sometimes i even dray them in RSI, thats something that i've learned it helps out a lot, so don't be afraid to experiment


CC:


Always goot to dray in different timeframes, as you may see it starts to be a convergence.

Aroon shows at 4 hours that it'll star buying action, that could be the impulse to get to the 10 grand finally, possible this weekend.


RSIM shows the channel too


So that's it for now. Hope it helps you out. Just a reminder, stay alert at 10 grand and let's see what happens. I doubt that the price could go down in one punch, cause we're in a good moment in history of crypto. I doubt it goes down as the pattern but it could be an escalated downtrend. But, it's #btc and we already have seen how it moves some times, so careful!

Have a good weekend guys. Ill try to keep in touch soon. Peace..

Charter X
Comment:
PS,

I forgot to share this image with the Cypher Pattern tool. This are the expanding fractals they were using.


Basically so you could try to understand better what happened before, and stay alert cause i already seen the fractal present before the uptrend that is happening right now and there's a huge selling indicator over there...

Charter X
Comment:
Ok, done.. jeje can't stop drawing... let's see if the fibonacci is right...


Cheers!

Charter X
Comment:
Hello again,

Let's star with this before i update what's possible going on #btc right now. This is something i wanted to share with you guys, took a lot of work and hours of analysis.


So, that's a full analysis of #btc life sort of speak. Always trying to go in depth on #fractals and #cycles. At least from that perspective point of view.

You can notice some interisting stuff over there, like how the parabolic pattern works, the steps on the uptrand, as well as the downtrend. Fibonacci Retracement as well, and how each line interact somehow with price, etc.

So, befor we start a new month, just wanted to point the next.


It is on fractal that repeats over and over again thats have been growing up to the point that now it is a huge fractal, more than i expected, or any one could have expected.

For instance:


This little guy that we have over at 4 hs time frame here, has grown up into...


... this guy over here, same time frame. But now, if wee keep paying attention,


This big guy at 1 day chart time frame. Im not sure if you follow me, but ill try to get in depth in second. So what im trying to say is that the psychology has been the same but multiplied every time.

So, after mention this. Lets take a look really really in depth, pay attention to times frames and days.


That Fractal again, bigger in different time frame (on the right):


and over


So:


What could we expect ?

If you analyze it, we are on the fourth round, or 4 stage of Parabolic. On more fractal and everything could star to go deep. Or, start seeing things in longer time frame and see if the fractal repeats again in bigger, which it could be possible because everyting is growing up, and not decaying.

I believe this is the last impulse by now. As usual, it will all depend on people psychology, FOMO, etc.

Other thing to take in mind, pay attention to the red arrows:


It is the almost the same pattern, but bigger! So, things could still going up this year, and not going down as a lot of people believe, including me! You will see it in MAC on the next images.

Right now is possible doing just a correction so, let's see what happens in the next couple of weeks.

Ill keep yo guys updated!

Cheers!

Charter X




Pay special attention to this one:

Comment:
Something went wrong with links but anyway, you get the idea, ill keep uploading so, have a good weekend :P

Charter X
Comment:
oh no.. all good jajaja lol... im just going nuts with fractals... all images are good, it was me i thought something went wrong at the beginning, but same fractal, different time frames... so... that all for now.. i really mean it this time lol!

Charter X
Comment:
Hey again,

So, this is an update of what's possible going on, at least my opinion.


We have now confirmed the channel in which we are standing on, i mean, we already knew we were on an downtrend channel, but now we have the limits points. One thing i once commented to a friend, is that we are in the high part of the Chuvashov Fork befor going to the real deep. Obviously, in a bigger scale. You may want to take that in mind just in case.

In my opinion, depending on the psychology behavior, we sill can wait for a retest to the 14 grand. possible to even get through the 15/16 grand and then yes, going down again to the bottom to complete the Chuvashov Fork. Im sharing this on a daily time frame but you may want to take a look to 2/3 days chart too.

Any comments are mostly welcome.

Cheers!

Charter X
Comment:
Hi there,

A weekend update over here. We are at the beginning of the month and yes, it seems the play still in action, im looking forward to see how it goes till 15/16 grand. Here are a couple of images of what i was hoping to happen. seems right by now. you will see it more clearly at 8hs time frame. Ill keep ya updating!

Have a nice weekend!

Charter X


Comment:
Hi there again,

So, just another update about #BTCUSD. Everything goes as expected, so time to Short!

Here is the #Wyckoff Stage we are facing at 4hs timeframe.


Hope this help you out somehow.

Cheers!

Charter X
Comment:
PS: The next face LPSY/SOW is just indicated, taking in count the Volume Profile Visible Range (VPVR). I would reccomend to see the wholes in it, cause that's propable the spot where the next stage will be.

Cheers!

Charter X
Comment:
Hello again,

This is the third time i try to write the update but the freaking browser close its lol so ill try to be specifict.

Another week, another update. Right now we are going through another Head and Shulder. This time a smaller one but it is the same fractal we had before, but on a smaller scale.

Fractals repeat every time, not only in one way, but in both. So have that in mind. Sometimes it's easy to detect them and other times it's a pain in the ass. But the good thing about doing this, i mean, detect them, it's that you may improve your profits doing trades in both ways. Don't worry, you wont be a bad person because of that lol. A good trader plays both way around. It's is not about being a bull or a bear, it's about maximizing your profits and reducing your losses, or saving your investors money. Never forget that!

So, here we go again. This is a 4 hs chart:


So you may see what i was explaining before, another H&S on a downtrend channel. Now we could add the Chuvashov fork. It's gonna be better to see it and draw it in larger time frame.

We now can say that the wyckoff its going through it's final stage before it starts over again (if the whales decide it so).

As usual, it is always good to draw channels in RSI to understand better how are the big players moving around


And Again, you'll be able to see it better in larger time frames. Here you have all the wyckoff phase i was talking about:


And finally in 5D chart we may see there's a huge H&S or Double top formation, which confirms the theory that price will go at the bottom:


Usually, after a Wyckoff trading method, price goes back at the beginning of the SOS stage. So we could spect the price to go back there and start a new accumulation process. I already have the next stages marked with an X since last week. Those are the points were the price will find support and you may draw your support lines.



So, that's pretty much for now. hope you find this helpful.

Have a nice trader day, and i'll talk ya all soon with more details and update.

Cheers!

Charter X
Comment:
Oh yes, i forgot,

Maybe you dont see it on 4 hs time frame, but at 2 Days you my see a possible huge H&S

So be careful with that!


and if that happens, take a look to a week, cause it's gonna bean even huge one.

Cheers!

Charter X
Comment:
Hi there,

Just right now i just saw i was replying to myself insted of updating lol, what baked head lol..

I forgot to upload this so just in case you are interesting in fractals:

www.tradingview.com/chart/qw6xnmpo/

This is one idea by now. This is XBT 4hs Chart. So this could explain whats going on. Next is another point of view, in a deeper way.

Ok, it's been a while since i dont post and since things have changed a lot, lets just see what's been happening, this is my Daily chart:


I know it seems a lot of chaos so ill try to clean this up and get into a smaller time frame cause otherwise you would not understand me at all. lol!

Chuvashov Fork at 1D was broken so, that it's why price has change the course. At 1H its the end of this last few days upctrend. As you can see in my chart, we are at the 5 stage of my line system which means it's time to move out to a major time frame, probable 4hs or more. There we could start a new line system (i would have to name it at some pint :P lol)


We still on a downtrend Channel and we have the fibonacci for it, so price major resistance will be at 12K. Until that channel is not broken, it's not time to say that we are on a uptrend channel again.


Another way of see it, so we do not have more lines, removing the extended part, so we may move on to another time frame. Right now ill leave the ones extended from the beggining because the wuold serve as reference and support lines in case price drops:


On a 4hs time frame which now it would be better to work with (always coming and going with 1 hr sice what ever happenes now over there will be a reference for 4hs time frame) whe have this:


So at this time frame is just 2nd stage and the yellow line will serve as support line, that way i would say that price could drop now till 10090, where it will find major support. If that line is broken, and im not talking about a fake break but a real one, we would have to change all plans and move to the next support point we already had marked as an X, at 8410.


According to downtred fractal, it should keep going op until the purple dashed line, but you never know. As analyst i always have some % of possibility on my mind that anything could happen, i would recommend you do to :P

And to finish this part for today, this is the fractal going in place on a downtrend channel.


So, that's for now, let's see what happens in the next days and week.

Hope it helped you out somehow.

Till next time!

Charter X
Comment:
Hi again,

Just wanted to share the same view of fractal taking place. According to measures,
Im talking about goint to 11375 (around), bounce to 10450 then up again to 11750-1200 top. It could be a false break and then price could go down, or really high to try to break the 14 barrier again but once step at a time.


Cheers!

Charter X
Comment:
Hi there,

It's been quite a while since i dont post, have been really busy with work, family and obviously, doing charts :P jejeje most of the time doing charts and well... I thought i hade placed this image but just realize i did not. Only on instagram and telegram groups..

Any way, since is a very big date (not because of price falling), but because after a lot of people thought i was crazy jajaj (which i am a little), and moving agains everybody... well.. i was quite right. it cost my nerves and lot of sleep time ajaja cause i hate when i see something and people thinks im wrong and after all the signs i started doubt about my idea. It's good to doubt actually that makes you stay alert and see other perspectives... and actually cost me like a 100 euros jajaja cause yesterday (actually in the night morning... )i was switching sides like crazy and went to sleep before the last uptrend... which i missed it but thanks god i was right... it was the last inverse headd and shoulder i was waiting... and the final part of my analysis.

So enough of chat... i just leave you what i was waiting, and actually made gain some profit.


Mi advice, do not stop drawing on any indicator. I See lot of signals on RSI for example. This is the prove. Any time you see this formation on RSI, then is a huge whale over there controling the price so just follow them and do not be scare of swim next to then lol...

Hope this helps you out in future tradings, im pretty sure it will...

Happy trading and ill keep updating whenever i can...

See ya!

Charter X

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