Bobby_Factselrod

Bobby_Factselrod

if history repeats itself, we are in for a wild ride!

Bobby_Factselrod

The orange/yellow line is an overlay of the 2014 crash from a weekly timefame on the current daily BTC crash. I had to use sections of the line as the time frames this go around have been compressed but it's all there and as you can see we are approaching the breakout rather quickly. My long term prediction is bullish for pretty much the remainder of the year and...

Bobby_Factselrod Updated 

Based on historic weekly data. The average length between previously low (end of bear run) and new high (end of bull run) is right at 9 weeks. In addition, previous high to new high averages about 58%, these are displayed in with the yellow price lines. I used these two averages from the historic data to project future data. So the blue date bars are projected...

Bobby_Factselrod

Based on historic weekly data. The average length between previously low (end of bear run) and new low (beginning of bull run) is right at 9 weeks, shown in blue. In addition, previous high (end of bull run) to new highs (end of bull run) averages about 58%, these are displayed in with the yellow price lines. I used these two averages from the historic data to...

Bobby_Factselrod

Near term crude outlook

Bobby_Factselrod

just broke trend and fibb resistance, go long. Target is $60

Bobby_Factselrod

Bullish on WTI longterm. Could be bearish short term as it's at the top of the short term (green) channel but if it breaks above it and the Fibb retracement then we could go on a nice little run up to the next resistance which is around the 60-61 $/bbl range.

Bobby_Factselrod

Here's an updated version of this Inverse H&S Cycle theory

Bobby_Factselrod

This is based on the previous BTC price run high and low percentages. I believe we will touch the 4800-5K mark in the next few days, at which we will then being to bounce to a new ATH of 6100-6300 just before the fork. From there we will quickly dump between 20-40% back to the mid 4K range if not lower. At you can see on the RSI at the bottom when we get below the...

Bobby_Factselrod

I've had this theory that there's some sort of predictability to these cycles so I started playing around with it and found some very very interesting info. The Yellow lines at the bottom left are drawn to match the range of candles from the last major BTC dip to the peak before this most recent retrace. I then simply copied and pasted them and moved them over to...

Bobby_Factselrod

I've had this theory that there's some sort of predictability to these cycles so I started playing around with it and found some very very interesting info. The Yellow lines at the bottom left are drawn to match the range of candles from the last major BTC dip to the peak before this most recent retrace. I then simply copied and pasted them and moved them over to...

Bobby_Factselrod

Added forecast bars and slight adjustment to blue I H&S location

Bobby_Factselrod

Starting with the pink inverse H&S patter, bitcoin appears to be following this inverse H&S pattern. The 2nd H&S patter has the left shoulder starting on the head of the previous pattern and so on. These patterns have just been copied and pasted from the first one, no adjustments have been made to it at all. Looks very interesting moving forward. Current pattern...

Bobby_Factselrod

BTC long term fib and cycle forecast

Bobby_Factselrod

Lets see what happens on the weekly charts

Bobby_Factselrod

Based on the up/down cycles and super cycles here's the long term projection on BTC. These are strictly based off % changes from weekly highs and lows, not dates or trading periods. Curious to see how this theory plays out. What I see are small and large cycles. The small cycles all see about 40% pullback after new ATH. The large or super cycles stretch from the...

Bobby_Factselrod

Reverse head and shoulders indicating potential upside above todays 8% increase