Good morning from Belgium, Lots of ideas were popping up due to the in-channel bull-run of the last days. Bitcoin is back most people say, I will tell you, it will never leave, but...it has to finish its market cycle. Those are the biggest strengths of trading, looking at the big picture. So, I am still bearish and on the daily picture you see a few changes...
here is another possible fractal.. Bitcoin is looking similiar to the 2013 bubble fractal.. just double speed.. 2018 = 12H and 2014 1D.. if we are going to bounce the next days its likely that dis scenario is just on 2014 track..!
I don't normally talk about the general market, but what a wild two weeks! The S&P 500 peaked at 2,873 on Friday, January 26th and dropped 12% to 2,533 on Friday, February 9th. By comparison, the initial plunge during the 2015-16 bear market, in August of 2015, was 11% over just five days – culminating on August 24th “Black Monday.” The chart shows (hopefully)...
Short update on bitcoin. Still in a bearish pattern. Little bullish sign along the way like we had in the reversal HS pattern but in the bigger picture bitcoin is unwinding its market cycle. Those are the big forces at the moment as I posted them already weeks ago. Two pics added. The current position in detail and the bigger picture which I expect to be rounded...
Check the attached image (fifthperson.com), this is a possibility of how this BTC crash could continue, followed by a consolidation (capitulation) period. As always Bitcoin could discredit this, however, it has followed this market cycle cheat sheet very closely thus far. I am bearish for now.
Well, some posts are not that popular, but I keep telling my thoughts and till now they came true. Its quite simple, every trader is nervous to buy-in on time not to miss the jump up, when it comes. But...bitcoin is unreeling its market cycle and as a grounded trader, for those who are, you see it in all its cycles and moves. Sure a jump up is around the corner...
Bitcoin in a little triangle that I guess, will breakout in an upside. In the bigger picture still bearish pattern. Big whales are not picking up so expectation is what I posted before. Two pictures here, one detailed, one 1-days with a pitchfork. As you see, majority of candles is at the underside of the pitchfork which indicate a downtrend as well. Expectations...
Good morning. Rough times though as a trader. Bitcoin is in a full retracement. Expectations for a buy-in at $8000 is quite uncertain. I made a full TA regarding its full market cycle that's showing to move to a full completion. It wouldn't wonder me if bitcoin could go back to 88,1% Fibonacci retracement where we find a new buy-in at around $4000. Some colleague...
In my previous post i play big attention to one area "X".
Hi there, Before I start I will show you the total marketcycle of bitcoin. Its finishing this marketcycle. Expectation going down before a new marketcycle will start. Then a more detailed look. Bitcoin broke through its resistance line and through the 61,8% line which means fully bullish character. (yellow circle). I hear you thinking, till what level will it...
(*EDIT* The purple band is a bit fiddly to get right. PLEASE - adjust the scale on the right-hand side until the ALL THREE of the "3-4" lines are across it. THANK YOU!**) ETH travels a channel over time from relative weakness to strength and back again against BTC. On a log scale you can see the market cycle beginning a third very predictable ramp right now. My...
I've tried to make this chart look as least intimidating as possible, because that always makes for a good chart! The market cycle playing out is a fractal (elliot waves). Entry is at the 50DEMA. Time-fibs have been spot on in the previous cycle so they're worth considering in this fractal. Also, the fib-extension from the last cycle is relevant to this cycle. I...
Welcome back traders, I hope you had a wonderful Christmas and New Year! We're now getting back into the charts it's a brand new year, new opportunities and what a start it has been :) cryptocurrencies are through the roof! Today I'm breaking down two assets which are breaking records and funnily enough one of cryptos most well known rivalries, ripple vs....
Every market cycle has it's end and thats something good ;)
The CryptoCurrency $ETH appears to have a regular yearly bottom vs. $BTC right around mid-December, following which we have seen a long-term uptrend lasting until mid-May. $ETH is currently trading around the 0.056 level in the $BTCETH pair and, assuming it will move upward and break above the 0.06 level, I believe we are bound to see a repeat of this yearly market cycle.