This is an extremely bullish case for long term based on past market cycles. $20k would be reached exactly 2 years from now.
ALERT: not a financial advice, just based on past movements and assuming Bitcoin has already bottomed. It is still very likely that BTC could drop even lower than $3k. Stay tuned.
Look at this chart...
Red was a mistake, retail were in a manic buying frenzy, the likes we will most likely not see again for a while (if ever again) for Bitcoin.
White looks like a more sensible outcome, which means the price still has a long way to drop...
The life and times of BLX (BTCUSD) in semi-log scale with major Kennedy channels, inferred Elliott wave structure, key inflection points and key retracement levels.
Kennedy base channels shown in *Blue*. Deceleration channels shown in *Red*
BLX is in high probability of wave 1 of 1 of 3 based upon retracement depths acheieved so far in 2011, 2015 and 2018.
A simple idea of what to look for when we finally break this bearish trend.
We see late in 2015 how the most simple price action and EMA concepts can give us an undeniable reason to start building a long position.
Once price broke above PA-based resistance, we got a retest of both the PA and the 55 EMA, we also see that the EMA's has flipped to bullish ...
Hello everyone, xuanhaimmoer come back, in this EDUCATION post I will declare about NEWS & PSYCHOLOGY & MARKET ACTIONS
CAUTION: ZOOM THE CHART FOR READ ALL AND TURN BACK 2009 TO NOW ( I MAKE DURING 9 YEARS ) - MANY INFORMATIONS FOR ALL YOU GUYS !!! I SPEND A LOT OF TIME FOR THIS POST - LIKE & SHARE FOR ENCOURAGE ME ! THANK YOU
Besides the technical analysis , ...
Descending Triangle Analysis for previous Bear markets periods.
Descending triangle shows 2 zones, the 1st drop reaching the 1st target down, and then the final drop (capitulation) reaching the final target of 50% from the drop from descending triangle break down.
RSI on BTC Weekly Chart BTCUSD. Purple line shows the start of the prolonged Bear Market and the ...
Increased Length of Corrective Waves to be more in-line with the overall scale of the primary wave so far, Targets adjusted to suit, and Wave C targets adjusted to be within the range of its previous relative wave 4.