Bitcoin is currently on ascending line, so wait a bit with getting back to the game till we change the trend.
I was suspicious from the beginning looking at Coinbase Pro, where I didn't see people trading but price and volume was going up - bots were buying step by step all on the way to the top, periodically selling some coins back - surprisingly not many...
All my studies recently 20 MA was key to support. So for now until I spot another buy signal I got to turn bearish. Also, may now close below close of 24 Feb $3,831.3, and looks like Parabolic SAR may flip too. Will have to wait for another signal before turning bullish again.
#bitcoin #SELL SELL SELL MAYBE. Check yourself. Construction mark all consecutive Williams Fractal highs both must show MACD Histogram in green >0 boxed yellow. When next flip red 0< box with purle from there to the low. Then with stats work out your strategy. NOT ADVICE. DYOR.
I expect a possible $3100 BTC before shorts dump entirely, but this will likely happen fast.
In the short term (7-9th december) I'm expecting a minor BTC retest to 3.6k, but next week, or even this weekend, once $3-3.4k BTC is fulfilled, prepare for a bullish BTC.
Manipulators love to confuse the crap out of people...rare Elliot wave structure in play? One man's guess is as good as the others. Elliot alone is just a road map. Further technical confluence should be used when trading.
Triple Three consists of:
W: zigzag 3 waves abc
X: any sequence of 3 waves abc
Y: flat 3 waves abc
X: any sequence of 3 waves abc
Y: Triangle abcde
A new study to add to the many I've done. Used CCI in log scale which revealed some interesting insight because all year these are the only two occasions with this much and the same amount of choppiness. The last time it was bullish. Could it repeat. My only worry at the minute is that my last key signal was bearish.
Here is the daily chart of gold 2.09% and bitcoin -4.83% . Notice my use of Aroon 1 (blue) 11 (brown). Notice the correlation with Bitcoin -4.83% when brown Aroon hits 100. Have boxed in volatility to nearest Blue Aroon at 100. The Aroon is done using the Gold 2.09% chart. I've superimposed the brown Aroon on bitcoin for better clarity.
Note that move could also...
Here's my latest observation, and below comparing December's example. 50/50 price finds support and my to the moon charts/arguments remain intact. Some of my bearish charts/arguments still have 50/50 chance too.
Is this the secret to next big buy/sell signal (UPDATE). Question if histogram ends lower than 9th Oct, in which case would add the final green vertical to my chart, and RSI ends below first green vertical of 49.8317 would that be a buy signal. The green and purple DNA of the Histogram matches two other recent occasions but they signalled tops.
You will find all...
#bitcoin new study using Fib Extensions plus first day of month low, plus trend lines from a lower low, and fanning out from a higher high (marked in light blue). Multiply by Fib. 1.618 the low of first day of month less previous high on the close (not the high).
#bitcoin has seen bottom - exclusive here's an new BULL side argument.
1. Box with yellow border the last two fractals of each month.
2. Add a purple vertical line denoting the last fractal of the month.
3. Box with light blue border the first two fractals of each month.
4. Link within green box yellow boxes (end of month fractals)...