Here is my guess on how bitcoin will move the rest of 2019. I think we have entered re-accumulation / consolidation. In the previous bull run, somewhere just after the start, we also entered re-accumulation, see my image below: I think the pattern we are in right now is a bit similiar. So this means no big moves until nov/december, I think the next rally will...
Stuck in wyckoff accumulation pattern. Currently building an ascending triangle, if breakout occurs the price of zilliqa might double.
Comparing historical pullback waves. Average retracement in bullish run: 30-40% Average fib level retracement: 0.6 fib Pure historical research, no advice to buy or sell.
I see clean lower highs and a flat support. This descending triangle has a 70% to break down and a 30% chance to break up. Seems like a good shorting opportunity to me. Just use proper SL
Reason is a weekly rising wedge and topping on a weekly 9 sequential.
To me, it looks like the market is moving slower after each cycle. Our last bull run was longer than the previous one. The 2014 bear market was also longer than the 2011 bear market. To my findings, the bear market of 2014 moved 2.5x slower than the 2011 one. If we use that same factor this time according to my calculations the bear market now should end around...
Comparison of the first bitcoin bear market and the current one. Same bubble route.
By connecting trendlines this rising wedge shows up. It would take us up to 5k. After that we should move back down to continue the bear market.
I copied the fractal of the 2011 bubble and roughly scaled the speed to match our bubble. It would put a bottom in January 2020. I was thinking. Why would we bottom earlier than the 2014 bear market? Wouldn't it be more logic that the cycles take longer now? More money is involved. The 2011 bear market took half a year, The 2014 bear market took roughly a...
Hello everyone, If you follow my telegram channel you seen my call and the discovery of the june fractal playing out. + There is a big daily bullish divergence. Here is the fractal comparison I made: The fractal of june was part of a big inverse h&s formation. I'm considering that the fractal right now will also extend also in the same formation. If that is...
Hi everyone, I think we are at a crucial area for Bitcoin. Will we hold support at 6k or are we going lower? The average cost for mining lies around 6k. Could we be starting to look for a bottom? I decided to look at onbalanced volume to see if there is anything interesting to find in this indicator. On balanced Volume could be used to spot a trend reversal. We...
Hello everyone, A quick update on Bitcoin. It is finally giving us a pattern that we can properly trade. Looking at the 4HR chart we can see that Bitcoin is forming an ascending triangle. An ascending triangle is a bullish pattern and therefore a break to the upside is likely. I've added levels on going long and short. This way you can trade the pattern both...
Hi traders, I want to share with you the possible formation of a rising wedge . This is a bearish pattern. Price can move as high as 78xx before making a major drop I think it is likely that this will retest 7k support and probaly break it to send us back to the 6x range. I've added some sellstop price levels depending on if the price gets there. You should...
Hi everyone, As seen on my chart we are currently in a neutral zone . Within less then 3 weeks we will know what decision bitcoin will make. Will we enter a bear market or a bull market? We do not know and it is up to Bitcoin to decide. Because we do not know what the outcome will be you should be ready for both bull and bearish outcome. Therefore it is wise...
Hi traders, Today I want to share an interesting pattern with you. Looking at the weekly chart a falling wedge has been (near) completion. Falling wedges are classified as reversal patterns. Please click this link for a reference: d.stockcharts.com The dip we are going through would be the support test or pullback . The support line of the wedge lines...
You can see that we went through a 'mini' downtrend. You would expect that people would learn from the previous super squeeze but once again the point where people start opening most shorts is after this 'mini downtrend' is completed. With the price remaining static for already few hours and what looks to be a 'Trolling' rising wedge forming there is a good...
www.google.nl Oh the market psychogology chart .. I love you so much. Please take a look at 'This is a suckers rally' and the ''Disbelief' phase. Prepare for impact this is going to bounce hard. The daily Stoch RSI on the 1 Day is almost reset and at the same level before the 6.4k rally started. Don't chicken out now and enjoy the ride.
Hi everyone, Today a very speculative analysis from me. What could the road to ultra all-timehigh look like? I tried to research our route and I see a strong resemblance in 2017's fractal - just alot bigger. We have an ADAM X EVE double bottom match + cup and handle formation. The cup and handle formation (if played out further) can launch to extreme height...