Cedricb

Cedricb

BTC has broken below the 21 monthly EMA which acted as support for most 2018. Last time it happened in 2014 we had a 60% drop and 12 months of bear market. Not saying this will happen again exactly in the same fashion but something to keep in mind I think a bounce from the EMA 200 or the MA 200 is the most likely scenario That would take us in the low 4000 ish or...

Cedricb

This chart is the premium between GBTC (BITCOIN INVESTMENT TRUST) and BTCUSD on coinbase As you can see, the premium is at historical low and keeps falling which means that the retail is steadily desinvesting from Bitcoin; however, the price on the exchanges remain above 6k. hence only one possibility, market makers (brokers and other large holders) are...

Cedricb

A powerful pump upward is to expect in the coming days Very low volume + bullflag pattern - perfect setup for market makers to squeeze over extended shorts. Most stop losses are probably stacked above 7k (psychological number) so i expect the candle to blow through that level. Shorts are standing at a 2:1 ratio vs longs. That’s all the liquidity market makers need...

Cedricb

The divergence betwen the ruble and oil suggests a sort term correction down to the lower trend line, but the long term outlook for oil is bearish, sanctions are likely to add up against Russia, and a strenghtening usd will weight on the ruble. Hence a breakout of this symetrical triangle on the upside within 1 year is the most likely scenario

Cedricb

analysis only based on technicals massive head and shoulder gives projection to the $1.05 - 1.03 support area

Cedricb

Oil prices are poised to crash to $15 - $10 per barrel over the next six to eight years as alternative energy fuels continue to attract more and more investors. Electric vehicles expansion will have a major impact given that around 70 percent of oil is used for transportation

Cedricb

Expanded Flat sideways up to fib 1.23 or 1.618 then down to 5400 - 5000 range

Cedricb

notice how both have been closely related. Correlation has been fading in 2018 If you zoom in you will find out that during the 2017 market, every time the S&P 0.79% dipped BTC 0.80% rised as investors were transfering their capital from equities to cryptocurrencies and vice versa

Cedricb

Just another perspective. An alternative to the descending triangle found on every BTC charts nowadays