Indicators moving in opposite direction to price, indicating a possible pullback based on previous behaviour. Momentum decreasing as price moves towards ATH. Predicted movement drawn in black.
Bitcoin can go both ways - bounce of $600 again or finally make a larger correction and go below $600 US Dollar. Thereby creating the sell pressure to dive down further before it then bounces of somewhere between $585 to $525. Here are my thoughts how the bounce might look like, if Bitcoin makes a large pullback and bounces of $525 and then resumes the uptrend in...
Carefully adjusted fibchannel and timefibs. Allignments of price and fib channel are marked by yellow lines (scale out to see more allignments) 0.618 - 0.764 time fibs mark a potential breakout area. Next weeks I expect moves within the red diagonals, less volatility, smaller trend angles on downmoves, short: sideways. So moon rally likely to start in august.
2H Chart: Today, I'll be observing this pair and waiting to see which direction she wants to go. Looking at the BoE fundamentals I see nothing promising to show a increase in the pair, minus USD. If I see USDJPY hit 101.6 I'll be shorting this to 101.8
1D Chart: After a few recent developments in the Crypto currency, I believe we will see a lot more action heading towards the new support BTC needs. here as you can tell i'm speculating about the same time-spam that we saw starting on May 15th ending around June 10th. I believe we will find a new support around 630 by mid July and plausibly seeing a stretch to 760...
4H Chart: of BTCUSD - here I believe we'll see steady dip down to 574 and back up to 584 in the next 2-4 hours. Once we see it nearing 600 expect a few whales to execute some sell positions. any 15-25 BTC sell orders are good indicators to a possible break.
Here's a possible prediction based on levels, liquidity and seasonal timing. I want to see some breakout buyers come in, then prices falling quickly to take their stops with huge volume spikes on Pin bars in the buy zone.
*** See the first comment below for full snapshot. For some reason, the chart didn't publish properly **** I see a flurry of price predictions being published daily. Some are logical, some are "hope we go to moon" types. Here's my crazy 2cents, I will let you decide which category this belongs to. :) I noticed that that the run up fibs from ~7 to 259 bounced off...
As everyone knows, except for in the most cataclysmic of circumstances, long-term trend signal always trumps short-term fluctuations, in a stochastic dynamical system. If that rule is being violated, the reasons are likely psychosomatic. •Empirically, there has been an exponential, global, lower bound of support buffeting Bitcoin's long-term uptrend against...