Data has been trending bullish for Bitcoin. It's recent upward then downward movement seems to be more a distraction than a trend setter. Time will tell, as always. I am watching and waiting for more data. it is possible the bullish trend has resumed. For me, key prices points to watch are $11K for a buying opportunity and $11.4K to $11.55K as a data point. I...
As you can see, there was a bullish breakout when the price broke free from the descending resistance line. This is at least the second time we have seen this pattern since the 2019 ATH (see link below). The first time the price broke this falling resistance line $BTC rose from right around $10,600 before topping out right around $12,000. It then formed the new...
I noticed an interesting pattern and had to share it. See anything interesting in the Bitcoin price? I do. What would Pomp say?
Testing some charting approaches here. Expecting an uptick.
I have mostly been charting on the 5-minute. After predicting a bullish breakout I am looking for new trends and see few on the 5 minute chart. So I zoomed out to take a look at a bigger picture and am sharing that here. Overall BTC looks like it's heading into the corner. In totality, it appear to me to be more likely it will rise out of the corner than fall....
This is an update to an earlier chart where I had bottoms but not tops charted.
Although I expect $BTC to continue upward, if it breaks below $10,800 it looks like the next support may be around $10,620 and after that, right at $10,000. These are the 34 and 55 day EMAs currently. We are in an upward trend for the past 2 days but if it shifts downward, those are the levels I would look to for support.
Just an experiment to see if a 48 hour upward trend will enable the prediction of the time and place for BTC. Each of the red cycle symbols are the time and location of the BTC price being predicted. Time and place is almost impossible to predict, so this is just an experiment I would like to watch myself and review why it didn't work.
My first chart did not hold up. Let's try this again.
***Not trading advice*** The $BTC pattern continues to follow the same movement trends it has for months. Based on those patterns, it appears the recent drop from near $10K to near $9K is over. If the overall repeating pattern resumes course, as they normally do, the drop is over, and the rise is expected. See the red shape for the projected future movement. It...
***Not trading advice*** Just a quick chart to show another pattern I've been working on that seems to explain the $BTC rise better the other chart I published today. Ironically, this view is the one I've been working on longer.
***This is not investment advice*** ***I am not a TA professional*** Hey Everyone... I'm a human behavior prediction professional, but I'm not an investment expert. I love data and I'm pretty good at finding patterns in the data. I've been following $BTC since 2013. My overall outlook is bullish for crypto. If you are new to all this...I feel like one of those...
***I am not a TA charting expert.*** But I am a researcher and analytics professional outside of finance, and I see some consistent patterns in the data which you will be able to see as well. If you saw my 9 April 2018 chart, I used non-traditional TA methods to successfully detect a pattern in the BITFINEX:BTCUSD price movement. That analysis concluded a...
***I am not a charting expert.*** But I am a researcher and analytics professional outside of finance, and I see some consistent patterns in the data which you will be able to see as well. Those patterns have been fairly consistent since 20 February 2018 as the BITFINEX:BTCUSD price has been falling. It may be that BITFINEX:BTCUSD has reached the bottom...