Annotations on the chart. Due to the fact that such triangles often breakout after 75% - 80% completion, the 0.764 fib seems to fit great. Also the month of July will then mark the beginning of a new cycle with a rally up to 6000 (10 times the value before rally starts, so around 600)
Crypto traders are always going on about the moon, so I've added lunar cycles over the price chart. Results were interesting. Price pivots at 420 in December and April coming very close to Full moons along with the beginning of this current up wave. We're at the critical 640 area, big resistance showing the first real challenge for the bulls. Wave indicator...
if wee have a breakout time to go long, also ECB cheap will make all markets bullish even if the money wont come into BTC the sentiment is there /moon
I hope i don't come off as someone who believes in BS esoteric stuff, but... It's incredible how the moon seems to affect the price of bitcoin (and probably other assets too!) anyways my main observation in this chart is how the full moon coincides with the ichimoku cloud going up. While I'm not sure what it means, I will definitely be looking out :) Link...
This is my first idea. Based on past bubbles, this is what I expect to happen. We're just now reaching a three quarters moon along with a lunar apogee (moon farthest from the earth) two days apart, which coincides with the timing of the pullback during the last bubble. Since this seems to have played out as I expected it, this is where I think it will go from...
BTC just broke though the most bearish resistance support. For me this is now confirmed bull. I have overlayed the previous run up which hopefully gives an idea of what to expect price wise. Good luck.
Fellow traders, in my last chart, I accurately predicted the recent rises several days before they came about with the use of the Weekly Stochastic. When I looked at our current position to see our progress, I compared the current weekly level with that of the past two trends. From this level of stochastic in the previous trend, we had a 2126% increase and then...
Clearly, the moon is indicating a reversal to the upside. Crazy to short here.