BTC is still showing a bullish divergence and held the .786 well. The whole market feels bearish right now - this would be the best time for the bears' final push. I'm surprised they didn't hold it below the .786. Maybe they are weaker than expected?
We have a potential for a triple bottom setup here. This is providing we HOLD 6.8k-7k support level and bounce from there. This will give me the following targets:
Short term 7.8k
Medium term target 9k
Long term targets 10k & 12.5k
If we do not hold 6.8k-7k support levels then expect to test 6.5k and maybe even 5.5k over the coming months.
BTCUSD remains on the defensive, with the pair failed to stage a bounce over the weekend as attempts to break the local resistance around $7,600 attracted another sell-off towards the area close to the $7,000 threshold. The coin refreshed April 12 lows at $7,154 on Monday, and downside risks still prevail.
Despite the cryptocurrency market is quite...
A bullish lookout. Although fractals? Basing future price predication's off past prices?? Or market cycles, we'll see.
If so maybe it plays out much faster, 2014 went sideways for a long while.
I believe we are approaching a deciding point. I'm hoping for increase in price soon (1,2 weeks max).
Want to say 6.7K low.
I wouldn't sell now.
I cant really chart,...
Pink box or blue box or no box? Here is an advanced super bot idea if were are heading for a blue box fractal. First thing I did was to note the volatility for 21st May and 24 May. Best fit was with 17th April and 21st April. I then reconstructed the volatilities of the April box for the one which could be forming now. Low is $6,700. This scenario would also fit...
This plot tries to predict a future buy that should happens on June 6th. Time and price are precisely depicted on the plot.
If the settings of the buy get accomplished from now to the 6th, then I will buy and I will close the trade as pointed by the green arrow.
This new experimental strategy is based purely on Fibonacci settings. We will see how good it could...