Much is being discussed over Bitcoin's recent hyper aggressive rise. It is beyond any reasonable doubt that it is a strong confirmation that the new Bull Market has started. Backed by strong fundamentals, this time can be different , more aggressive and unpredictable .
It is interesting however to keep in mind how such parabolic movements typically end up. For...
Bitcoin broke through the final MA barrier (1W MA100) and even crossed over the Historical Parabolic Accumulation Curve. This is a very significant development as it this curve has been used historically as a strong buy zone during the distribution phase before every logarithmic bull run. Doesn't this mean that the new bull market will be even more aggressive...
Well the title says everything so I might as well make this analysis a short one.
BTCUSD is rising aggressively having almost filled the Gap from November 2018, when the final big drop took place. It is now about to test the MA100 (black) on the weekly chart, which is essentially the final bearish barrier before it starts rising and never look back.
If the MA100...
Can Bitcoin and Nikkei, a cryptocurrency and a stock index have something in common? Well not really, fundamentally they are different the market dynamics quite diverse. But as with some previous comparisons of **Bitcoin with Gold** and **Litecoin with Silver** I want to point out how investor psychology can be quite similar over very different asset...
Comparing Bitcoin to Gold?? That can't give you any meaningful trade indication can it?
Well first of all look at the perfect buy signal it gave back in December, which I posted in February, on that +33.50% bounce from the low. Right when everyone was wondering where the bottom was, "Should I buy?", "Is this going to $1000?", "Buying on a bear market, that's...
I could summarize my analysis on the following phrase: "Swing pull back, consolidation and almost $10000 by the end of 2019"!
But I guess that wouldn't be enough as you, like me, want some justification, a technical foundation behind every price movement. And you are right!
So on today's analysis I have used two indicators: the Gaussian Channel and the...
Due to the price difference on exchanges, a lot of the attention lately is being drawn away from what matters most. Is the worst over for BTC? Has the new bull cycle started?
With this as motive, I thought it would be productive to accumulate the strongest long term bullish indicators on Bitcoin. And I have come up with a combination that has never failed on its...
The 1D Channel Up broke yesterday, slightly to the downside. Since the December bottom similar Channel Up pattern have been broke twice. Once it was a bearish break out the other was a sideways break out (which gave way to the April 2nd aggressive jump).
The RSI was too high ( and I have pointed the importance of that on previous posts ) and since the 88.300 High...
Well you can't say you weren't aware that today's red candle was coming. All the signals were there and I tried to put them into context for you:
Either with the 1D RSI
- or -
The 1D MA200
Today is no different and I have another indication showing why I am waiting to buy more lower ahead of the new bull cycle.
On the 1W (weekly) chart, the RSI reached...
Don't tell me I didn't warn you on March 8th about this first break out! The fractal was there:
However, those who missed this week's huge spike on Bitcoin shouldn't worry. Based on the 1D RSI another pull back should be coming soon .
As seen on the chart since the price action crossed over the 200DMA (orange line) during the last bear market (that...
Pattern: 4H Channel Up.
Signal: Bullish when this retrace is completed at 3900.
Target 4100 minimum.
*Note: Repetitive patterns on 4H enhance the bullish potential.
The symmetrical 1D Channel Up is close to hitting the 4190 target but more significantly to meet the MA200 that has been holding the bear market in place. This is a very important benchmark for Bitcoin as any break above this level technically signals the end of the bear market. High significance 2 - 3 weeks ahead of us.
BTC's last bull market can be adequately broken down using the Fibonacci Channel as a Phase Marker.
During 2015 the 0 - 0.236 Fibonacci band was used as a Support.
Similarly in 2016 the 0.236 - 0.5 was the Transition Phase from the Bottom to the start of the new Bull Market, leading to then Bullish Band (0.5 - 0.786). As Bitcoin's historic price action has...
I am trying to compare two sequences.
The first from February 6th to November 13th 2018. The pattern was Lower Highs (if you remember each high was on 0.618 Fibonacci from the previous one) and the 5800 - 5900 level supported this consolidation until it violently broke down - 50%.
The second is the current pattern. Higher Lows from November 28th 2018 to today...
Bitcoin currently gives the idea of a neutral price action. The reason for this sideways movement may be this bullish Channel. If the extreme events of the 3400 low (pushed for a 1W bottom test and failed) and the 4300 high (pushed for a 1W top test and failed) are isolated, we can see how this channel is remarkably steady on its Higher Highs and Higher Lows.
I...
Pattern: 4H Channel Up. 1D Cup and Handle. Potential symmetry.
Signal: Bullish on the Higher Low of the 4H Channel Up and the Cup's support.
Target: 4380.
