Market trends and cycles are a direct function of human psychology and the varied emotions during each phase. Bitcoin has been following the classical market cycle since its inception and there is no reason it won't follow it in the future.
Charles Dow was the first to make thorough effort to express the general trend of markets. Enjoy the analysis!
Basic Fib trend on the daily. Interested to see if this channel plays out in the same way - will mean a drop to about 3k, a recovery up to 4.5-6k then another quick snap sell off to 2.5/3k before laying foundations for the next bull run. Need to look at the long game here, this drop from 6k to 3k has probably seen us push this back to ATH to 2021. But look where ...
this is how it should play, but if we break that 3700 in the next few days ignore this
ideally this support at 3700 should be tested for a few weeks before it breaks,
how ever i could see BTC to 800/1300 aloot sooner than the chart trend
i have no real incentive to predict a strong V bounce as theres been lots of good news about BTC of late and it has not made ...
I combined all my chart ideas in a single one and I strongly believe that I may have a final target zone and time interval for the bottom of this market.
Time: between end of December and end of January
Target: between $2930.00 and $1830.00
The $2930.00 and $1830.00 targets can really be seen from moon... they appear on all intervals.
SEC might have a look on ...
Zoom out to fix the scales (This is what happens for log scales...)
Here we go.
There are many similarities between the market crash in 2014 from $1000 to $200 and the one we are currently experienced. With this chart I'm going to point out some of the similarities between the two, and then go over what I'm looking for in the rest of the remaining period to ...
Multiple Fibonacci retracements appear to show a 0.786 region history and current confluence. Will this region (which has remained valid in the past, even with 25% variance around the exact level) hold ?
Long-term Bitcoin analysis using a logarithmic scale. As shown, Bitcoin remains in the long term trend lines set by the top and bottom of the 2014 bear market, if Bitcoin is to remain in these trend lines, it needs to start making an upwards move in early 2019. I have also drawn a few curves that Bitcoin could follow if it is to fall below the trend line.
My first ...
The exchange rate reached the bottom of its correction level. The downward trend is not over yet. Despite this, there is a good chance that a 40% increase is likely. The target price increase is 4895 usd. I recommend firstly for intra-day trading. Apparently, a double decreasing wave structure is beginning to emerge. We are in this wave of correction.
3700 braking would be the most important time in BTC history,
i could see almost all venture capitalists admit defeat , almost all the average joe hodlers go,
december is make or break, yes the past shows big rises and drops but this time is different , there was no futures involved, no massive scrutiny by the media and autorities , and the banks woke up to the ...
This week Bitcoin has reached the long-term support, that is 78.6% Fibonacci retracement level at $4387. At the same time it reached the bottom of the descending triangle, and almost tested the 200 Moving Average. Fibonacci, applied to the correctional wave up after breaking the uptrend trendline, is pointing on the $4050 level, that is a 161.8% retracement. ...
Construct details on chart - go to the first at start of year. Note market expected to break lower first. Not Advice. DYOR. Futures expiry next week. Will update.