here is my last view with bank data !!
let see what happen next !!
good luck , i will buy in bank level buy zone how about you ? if not you will lose your capital soon
First of all allow me to start off with wishing everyone a Happy New Year and a prosperous and profitable 2020 ahead!
Now, Bitcoin is just picking up right where we last left it. Consolidation, nothing more nothing less (see my previous BTC study on this accumulation at the end of this text). There certain criteria that will favor the Bull Case and other that...
Before starting my analysis I want to wish everyone Merry Christmas !
Now, I have made this chart in an attempt to put all correlating factors of Bitcoin's previous and current cycle into perspective. The parameters that I am focusing on are the MA150/200, the Cycles' High Volatility Zone, the 2nd and 3rd Halvings and the LMACD.
*MA150/200 Buy Zone*
I don't...
Just a quick reminder on the position Bitcoin is at on its long term cycle. As the title says there are just too many bullish indicators at this stage to ignore if you are a long term BTC investors. That doesn't mean that the price "can't" drop lower e.g. 5 - 5.5k but after the June decline and given Bitcoin's long term trend, we won't have too many opportunities...
I rarely look at short term set-ups but I cannot overlook this pattern.
The recent rebound on the 1D Support Zone (6,515 - 6,420) has so far found Resistance and rejected on the 4H MA200 (orange line). That made a new Lower High on a pattern that appears to be a Descending Triangle.
Typically I expect a continuation of the downward sequence towards the 1D...
Even though I've done various comparisons of Bitcoin to other traditional assets like indices, commodities and stocks (see the bottom of this study for ideas), the current one is more out of curiosity to see what the public sentiment is like (especially now that BTC is on decline) among cryptocurrency traders when it comes to Bubbles.
As you see on the main chart...
Undeniably both fractals look similar. The November - December 2018 sequence with the November - December 2019 sequence. The first provided the bottom of the latest Bear Cycle. Can the current one provide the bottom of the June correction? This is what I will address on this study.
Let's start off with the similarities of the two sequences:
*It all starts...
I have been into ETHUSD for a very long time and was always interested at the fundamental similarities with BTCUSD. I always thought that Ethereum was repeating Bitcoin's first Cycle and even published this study:
I am not going to go into much detail on this analysis. The candle action resemblance of ETH with BTC's first cycle is striking. I am gonna leave...
Yes the title may be catchy but as you'll see in this study, both features (LMACD and Triangles) draw a very accurate mid-term trading pattern for Bitcoin.
*The LMACD*
We have analyzed the LMACD indicator numerous times (see the charts at the bottom of this study) and has helped us identify buy and sell entries with great consistency within the Channel Down...
Well the title says pretty much everything so I will be quick on this one.
This week we see Bitcoin forming a Golden Cross pattern on the 1W chart with the MA50 crossing above the MA100. During the previous Bull Cycle this signaled the start of the 2nd Accumulation Phase (after a new top the price traded sideways for over 6 months). Phase 1 accumulation came with...
We have entered the final month of the year. As you guessed from the title this study will attempt to find any significance that December may have on Bitcoin.
*December 2018 and 2017*
I am sure you are well aware that around this time last year (2018) BTC made the Bear Cycle bottom. That was listed at 3,122.30 (Dec 2018), and the month closed at -7.10%. The...
I have been asked by certain enthusiastic followers (I thank everyone for the support), to make an update on the following chart:
*$6000 bottom while everyone was bullish to 20K*
As you see it was late September with Bitcoin trading at $10000 and everyone pretty bullish when this idea was published talking about a potential ~ $6000 bottom. Radical or not...
Note : wait for the rejection candle to form (bullish engulfing candle / pinbar) --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please...
Everyone knows that Bitcoin patterns tend to repeat themselves on each Cycle. Well this pattern is no exception and don't tell me you didn't expect that at some point the 2014/2015 cycle (illustrated with the yellow candles) wouldn't converge with the 2018/2019 (current) cycle.
I first shared this idea with you in May:
Even though I expected the current...
