On the weekly i'm seeing a potential Inverse Head & Shoulders pattern forming! Dang, MEGA BULL shit! WARNING I'm not bull per se, because we still have a potential Death Cross very close! Very close... However seeing this potential weekly inverted H&S gives me some bull hope! Besides the weekly RSI is very oversold for some time now, so maybe upside is imminent?
Soon to break old resistance of $12,000 Good support @ $10,000 - possible to touch $9k before breaking resistance. $12k becomes support - goes to $20k within April (possibly early April).
Reasons for a bullish outlook: 1. According to Wyckoff, VIA is going to test its all time high and maybe breaks it during Q1 or Q2 2018. 2. BTC is tumbling and gives Altcoins, like VIA, the opportunity to tank its value against BTC. Predictions: 1. Altcoin Market Makers will look for a high exit price against USD and will pump (some) Altcoins to insane...
Fundamentals: Bitcoin -6.95% Core is dying a slow death as morons continue to debate the situation of fees and transaction times. The solution has been here for months and its called Bitcoin Cash 23.58% . All you have to do is compare two transfers on each chain and your logic will shift in a matter of minute. BTC $30 USD vs BCH $0.02 USD. Not only is Bitcoin...
So we finally made it to 10k USD. Its been a long time in the making and I now see this as a time to be cashing out some profits while the masses enter the market at ludicrous highs. I have seen multiple reports of people selling their houses and maxing out credit cards in order to buy in right now, so unfortunately they are going to be destroyed. The Elliot Wave...
Litecoin has formed a cup and handle pattern. As I have been saying, litecoin is getting ready to climb fast since the consolidation of $50. Litecoin has never been on a bearish trend in the bigger time aspect. This means, a big move is coming soon and this is just the start.
Bitcoin is consolidating between the long term logarithmic resistance and the lower support of what was previously a large rising wedge. On the smaller time frames we're in a pennant whose validity can be supported with declining volume. A strong breakout to either side with volume, presents the opportunity to open a margin trade. Break Up: I'd like to see this...
More than a year ago I published a chart on tradingview and forecasted that Bitcoin will have a Megabull that will hit past $10,000 USD (chart is below). Almost nobody at that time believed it could happen. I even got some hate mail calling my prediction a "joke" and some other hateful terms. However, fast forward to today and now we are few weeks or few months...
Following on from the previous Bitcoin idea. The 5th wave took longer to rise than initially thought; but thats just fine. As I see it now, we are faced with two outcomes of which one will begin play out after further sideways consolidation. The price currently resides in a rising wedge formation, where the top logarithmic resistance level has been tested but not...
Following the patterns of the last trend line break (white) and believing in the repetition of this same pattern. And I believe that will break the new great trend line (yellow) on the fourth attempt. If this analysis would correct, and you get profit with it, make a donation to us :D 1WjZimxjeRckg38AmeRmMZxQrQqA32fU3 Follow me !!!!
The 235 day cycle in Bitcoin corresponds with major highs in the overall price. Our current cycle completes on October 10, signalling the end of the megabull and the beginning of a bear trend (historically speaking). During past megabulls we always got parabolic shifts in price, something that hasn't really happened yet in the current bull market. I believe this...
I know this chart is utterly preposterous. read on at your peril, and purely for your entertainment In This chart i'll be looking at a 10yr projection for bitcoin based on trend analysis and repeating patterns. I should probably go through some caveats first because i appreciate that such a high estimation for bitcoin value is frankly ridiculous, even if you are...
Unfortunately, it seems that the Megabull ended prematurely thanks to a bunch of greedy companies and miners attempting to monopolize Bitcoin and sabotage Segwit: Roger Ver with Bitmain attempt to launch Bitcoin Unlimited through a Hard Fork but fail to get community support due to poor coding of BU, ASICBoost, Antbleed etc. We finished from BU thought we...
After making new ATH's and consolidating for over a month now, Bitcoin is finally settling. This has allowed the 4H 6H 12H 1D Bollinger Bands to tighten and as we near the end of the contracting triangle we can expect a big move. Placing your position when this pattern completes and breaks out is the safest course of action on non-conventional assets such as...
Bitcoin has proven once again its highly repetitive nature. Whilst many people have called for the death of Bitcoin over the past few years, it has simply done what it always does and that is repeat. Many people have missed this by not looking at the bigger picture. Bitcoin has just played out over the past 3 years and is continuing to play out what happened...
Hi all, this is BTCEliX!l If you have been following my updates on my Bitcoin Live Trading Alerts Subscription, Twitter or Tradingview you would have known that I warned that the Bitcoin Megabull cycle could potentially start earlier then we expected in July 2017. AND IT DID! All the exchanges Coinbase, Bitstamp, Bitfinex, BTC-E, Kraken made new all time highs...
New ATH's are currently being made on Ethereum and I think its far from done. Bitcoin is near its peak at $1500-$1550 USD; once it dumps the money will flow to Ethereum , pushing it to the $130-$140 area.
The last ETH Megabull idea I did was in ETHBTC, but I've since switched to the USD pair. I wanted to get the gan fan out and see where ETH is headed in the long term. I believe ETH should be moving in this pink zone for a majority of its longterm uptrend. I will post soon with some possible elliot waves and more fibonacci.