I really need to spend more time before publishing....
Here's is my updated chart after tidying it up, adding a few bits and also a tongue in cheek look ahead to $1,000,000 :)
Bitcoin 4 year cycle, self explanatory chart.
All explained in the ctart -25MA and the 99MA on the weekly - Looking at how the 'peak' of the MA coincides with the previous ATH.
The 25 and 99 are already about to cross 13 weeks before the 'peak' is due - leaving the possibility that they cross and cross back a couple of times before the 25 finally moves up when the 99 drops away.
The and exit for this strategy was spot on at predicting the recent fall, we are now reaching close to the levels of the crash at the start of 2018. According to the cycle the market should reverse before breaking the previous low. Look at past charts of this cycle for more information.
Pitchforks are a good tool for seeing trends and in this case, corrective price action. Throughout much of the 2014 trend, Bitcoin price respects the channel between the median to upper median lines. However it does foray down to near the lower median line to form the selling climax.
Its interesting to see that the...
Updaing the previous scenario... The bearish breakout failed to install a bear trend (prices stopped right at the Sinewave target and retraced back above the BREAK level..
BUT bulls didn't manage to take advantage of it to trap bears... When you see that... you know that odds are to a range... And everything seems to point a triangle.
It's still very early to...
After the perfect shorts at 17K, 13K, 11.2K (and the 14,3K that I missed) given by PRO Sinewave & PRO Momentum and the associated trading strategy.
Today Sinewave is showing the confirmation of the latest short with that recent bearish BREAK pattern detected, confirmed by Momentum with the breakdown of the support trail-line (the dotted lines that slowly follow...
The setup here is very clear to me.. We're running out of fuel and the PRO SINEWAVE will soon plot the EXIT cycle that will terminate this bullish breakout pattern...
Once terminated the market will switch back to range / retracement mode. After such a rally (+30% with no breathing of more than 3%) we can easily expect the prices to retrace at least to...
Price broke higher and formed a new cycle high. Looking for a pullback into the support zone highlighted on the chart around $53.30 area. If we see the right conditions we could look for a buying opportunity.
If we break and close below the new low we could see prices head lower but until then look for long opportunities
Daily resistance level & 61.8 Daily Fib Level has been hit and the market has rejected the resistance zone.
Price has now started to move lower and broken out of the consolidation area. Looking for price to pullback to minor resistance for a short opportunity.
Traders, CADCHF was brought to our attention as it came and re-tested a weekly support zone and formed a double bottom on the 1hr timeframe. We waited from the break of the neckline before looking for an opportunity for a move to the upside. We will look to add in if we get a confirmed break of the previous daily high circled. Target the resistance at the top.
We have been looking to take advantage of the GBP strength however the move doesn't seem to want to pullback just yet. Correlating this with the FTSE100 we may be able to get into the GBP strength by shorting the FTSE100.
A retracement into the 7390.00 level into previous price would be ideal for a short opportunity.
As tensions and current weather conditions in the US seem to be easing we are potentially seeing some USD strength.
Technically we see EURUSD coming lower. If we see price move into the 1.1870 we will be looking for bullish price action.
If we see price close below the level we will be looking for a continued short opportunity into the support of 1.1725.