In the Anatomy of a Bear Market Series I compare different Bitcoin Bear markets using Ichimoku and S/R: June 2016 on H4 was a bear market that looks similar to the current June 2018 bear market 2016 bear market's structure: - both flat cloud tops and bottoms, thick cloud => mixed market - deep S1 and shallow S2 supports - no major S2 => somewhat bearish like in...
In the Anatomy of a Bear Market Series I compare different Bitcoin Bear markets using Ichimoku and S/R: The start of the 2018 bear market on H4 looks almost exactly like the current bear market on a larger TF D1. And it has ended with a major sell-off => the current market on D1 is bearish and will end with a major sell-off too. 2018 bear market's structure: -...
In the Anatomy of a Bear Market Series I compare 3 Bitcoin Bear markets using Daily Ichimoku and S/R: 2013, 2014 and 2018. Here's my take on the current 2018 market. 2018 is both a bear market and a bull market's correction (it's not clear how it will play out) with the following structure: - both flat cloud tops and bottoms, thick cloud => mixed market - shallow...
In the Anatomy of a Bear Market Series I compare 3 Bitcoin Bear markets using Daily Ichimoku and S/R: 2013, 2014 and 2018. Here's my take on 2014. 2014 was a bear market with the following structure: - both flat cloud tops and bottoms => mixed market - deeper S1 and S2 supports => deep bearish correction - shallow S3 dip (not enough juice to power the subsequent...
In the Anatomy of a Bear Market Series I compare 3 Bitcoin Bear markets using Daily Ichimoku and S/R: 2013, 2014 and 2018. Here's my take on 2013. This was a bull market's correction with the following structure: - no flat cloud bottoms, only flat tops => market wants to move up, there's more support than resistance - shallow S1 and S2 supports => likely a...
Here's a fresh macro look at what's coming using weekly ichimoku, elliott waves and fibos. Bitcoin is rapidly approaching a key yearly pivot. Whatever happens in the next 2 weeks will define Bitcoin (and the whole crypto) market till the end of the year. We will soon enter the vertical rising ichimoku cloud on a weekly (Point 3). Historically we already had 2...
Finally, we have some MeatBulls for our hungry Bitcoin tiger. We have reached Bear Target 8200 (50% retracement) in an ABC correction as expected, and bulls are now defending this level because further decline may trigger a down trend on a larger scale. Bulls have gained support on EMA 50 already and plan to push the price above EMA 200 in wave iii (circle) with...
After a weak death cross of ichimoku MAs Bitcoin has fallen through the thin ozone layer of the ichimoku cloud support on H4. Now we are trying to climb back but the cloud's resistance has a flat bottom which means that we're likely to bounce down. We can move a bit further inside the cloud to 9450 (50% retracement) and get rejected by the ichimoku trend MA. If...
We are now in wave 5 of an up trend and we have 3 scenarios: 1) Bullish Blue count We will have the EMA golden cross on D1 tomorrow and will smash 10000 and MA 200 resistance with a huge pump and parabolic volume on a strong candle. The target for massive wave 5 must be at least 10560 (1.618 of wave 1), ideally 11640 (2.618 of wave 1) for the 23.6-38.2%...
We have formed a sort of incomplete triangle (abcd), a leg e down might still happen, but there will be no regular zigzag correction to 8500. The triangle can also transform into a trading range in the next few days until we get the cross. We can also have an abc flat with truncated c instead of a triangle and continue to move up. Or this can be a completed X...
They're done with the futures. On Friday 27th, London 4pm CME their futures have expired and settled at 9300. They obviously went long and manipulated the price along the 6400-9300 line. As expected the market started falling almost immediately, but technically we could still be in a correction of an up trend. They will probably try keep the price in a large...
Analysis of the Bitcoin's Macro SuperCycle reveals familiar fractal patterns and our current position in the grand scheme of things. BTW, here's how some analysts come up with those crazy unrealistic price targets. 1. Note some fib relationships in SuperCycle Wave (1), apparently: wave 3 (circle) = 50.618 (!) of wave 1 (circle) (green fibos); wave (5) = 20.618...
Do you know where we are? We're in a dream. Their dream. And dreams don't mean anything. They're just noise. They're not real. We know exactly what is out there. Do you ever start to wonder about your actions? The price you'd have to pay if there was a reckoning. The liquidation is almost here. Up until this point the stakes were never real. Communications have...
We still didn't have a sizeable meaningful correction. The way I see it, we have 3 scenarios: 1) Bullish 12345 (blue count) In this scenario we are in an extended wave 3 with target 9300 (261.8% of wave 1). We will then correct to 8250 (38.2% retrecement) and continue up in wave 5 - to 9300 (100% of wave 1) to form a double top and bounce down, or - to 10000...
Here's a chart of the Bitcoin's Bear Market of 2014. Note this: The absolute bottom was 88.6% retracement which puts it at around 3000 in today's prices. And we had a double bottom, not a single one. Lets draw some parallels. We see 3 possible points for crossing the down channel on log. - We can't be in point 2 because EMAs are fanning down while price is...
You may be wondering: Why the sudden price action in what looks like a clear down trend? Why did Pantera move the market? The short answer is: The Great Bear Squeeze. They have eliminated like 40% of the whole bear population in just a single swift move. Easy money. At first they went short. They painted a triangle at the bottom of a down trend and tricked the...
We seem to be in a distribution trading range, moving in a down channel. Watch out for those sudden 100% up/down moves that randomly chop the market into pieces and squeeze out both bears and bulls. Inside a trading range TA won't help you - you will be stopped out. The purpose of a trading range is to take money from you. In Distribution range they try to sell...
So, according to WSJ, on April 13th Pantera Capital Management, a hedge fund with a focus on cryptocurrencies, called $6500 a bottom and promised $20000 for BTC by the end of year. Also, there are rumors that some Wall Street players, Soros Management Fund, Rockefeller’s venture capital firm will all suddenly start buying into Bitcoin. Soon. Whether true or not,...