My probability estimate for the south is 51% on a 12H to 8H time frame. My estimate is based on my own analysis and perspective. I changed my mind based on new evidence and what I think is a more robust perspective. It would be great to hear other perspectives. That's how we learn. Share and learn. I'm not here to be right or to make predictions etc. I urge...
Hi everyone, Today, I wanted to share a bit about charts with you. So in this chart, I take the chance on 2 things that can happen with following assumption. - blue II is in place and we break above 7,537.00 from current levels - you missed the entry in 1h yesterday and missed the 3 waves at blue 3 (I would not have bought there personally) and - you absolutely...
If what I have drawn on the chart can be considered a true bear flag then, in the medium term, we could be in for some significant downside. This is rule number 8 on pennants from stock-charts.... "Targets: The length of the flagpole can be applied to the resistance break or support break of the flag/pennant to estimate the advance or decline." So, IF this is...
Warriors! I'm bored, nothing to trade. Might as well make a little chart showing how Bitcoin is following the usual bubble pattern - textbook. 1- Displacement 2- Boom 3- Euphoria 4- Profit taking 5- Panic? There have been many signs, but the real panic hasn't happened yet, for example there hasn't been the volume. It could look like this: -42% in 2...
BTC/USD showing consistent dynamic resistance and support with Ichimoku cloud's Kijun-sen over time.
Hello. I have changed my background, I realized the full white one just blasts the human eye. Better go for something more easy on the eyes. I have to make a 180° on my previous bear position. In the trading & investing world, it is important to realize you were wrong and stay humble. If you don't, that's when you end up destroying your account. From what I saw I...
Dear All, If you follow my previous TA, this is the part of it and a details analysis on the breakout of the Symmetrical Triangle. Since this is Educational TA, let me explain in details; What is Symmetrical Triangle? 1. Symmetrical Triangle is a continuation Pattern. So you need to look where is the entry. For this case, the entry is from bearish trend. Once...
Looking at the BTCUSD logarithmic scale changes the perspective quite a bit. This view explains why it turned downwards when we all thought it already broke through the channel. Which it did... in the linear view. When doing a technical analysis, it's a good idea to sometimes take a step back and make sure you've looked at it from all angles. And that's my...
In the most recent BTCUSD dip I made a series of mistakes that put me in a slightly nervous position overall, but still generally favorable. Over a series of trades I managed to find myself in a position with an average buy price of $7486.13. Trading profitably on the dips I reduced this average buy price to $7348.21. Throughout this series of trades I had...
Hey guys, as you've seen on my previous forecasts on BTC and XRP, I've started to accumulate and increase my holdings. Besides the technicals, my bias is getting even more long biased due to the massive pessimism around inexperienced traders and overall media coverage. As you can see on the chart above, this is not the first time the world has witnessed such a...
Trading Bitcoin in the new Realities of 'Mainstream' When Reality Bites - How to Deal with it Dispassionately - or Miss up to 50% of all opportunities...trading for Adults in a grown-up world For those who like pattern spotting there have been three or four very good sell points off the Coinbase chart. Maybe 80% of the few people who read this will have Bull hats...
Hey Guys!! I really want to know what you think about cryptocurrency. Do you see it as an investment opportunity only, or do you use crypto as much as you can as currency on your day to day life? Many people are starting to see bitcoin as a big investment opportunity, but wouldn't it give it more value if people actually used it as a currency rather than just...
Few people realize it, but the cryptocurrency markets have already topped. Bitcoin is currently bouncing back to the $4,500 area, at which point big money bottom accumulators, who were taken by surprise by the recent aggressive dumps, will proceed to exit their positions by selling Bitcoin as well as other cryptocurrencies such as Ethereum. This will create a...
Everyones probably seen the old 'Phases of a Bubble' template kicking around the web. So I thought I'd give the daily price chart for Bitcoin the 'Phases of a Bubble' treatment.