Bitcoin is in a clear parabolic run, as happened in 2014-2015 and 2017-2018. History tells us that Bitcoin will correct heavily from such runs by (on average) 85%. Should this happen then I predict ultimate support to be somwhere around (or under) 10k, at the previous lower end bull market support line. Based on an 85% retracement I suspect that Bitcoin will top...
BITMEX:BVOL7D
BITSTAMP:BTCUSD
BVOL7D (Bitcoins 7 day volatility index) is signalling a TD sequential 9 sell on the daily. This thing is very reliable. This relief rally is also a joke. We are stuck on the BTC-USD (Bitstamp) chart at the volume weighted index to, and cannot break above it. There are also dozens of smaller confluence signals suggesting a sell....
I am expecting a trend reversal on Bitcoin and ALTS tomorrow, 01/08/2020. This is due to the high likelihood of Bitcoin 7 day volatility printing a TD sequential 9. In recent Bitcoin price history then has been the top of trend reversals (to the upside or the downside). In addition to that is horizontal resistance of around 11.4k, from both 2017 and 2019 and...
Bitcoin dominance is showing a weekly RSI cross. It is likely that Bitcoin dominance will increase. This could be as a result of a break up or down. If up then I would sell ALTS to Bitcoin. If down then I would go to a stable coin. Be very careful. Bitcoin is also showing a sequential 9 sell on the weekly. The confluence here is screaming for a swift sell off, and...
TD Sequential on BVOL7D is showing a buy signal. This has been historically very accurate. It seems likely that the ascending triangle that everybody has been drawing may play out. I would hazard a guess that we pump up and then get violently rejected. Good luck peeps.
BITMEX:BVOL7D
BITSTAMP:BTCUSD
I believe that Bitcoin is likely to turn bearish any moment. We are coming up on a sequential 9 sell on the daily and already have a sequential 9 sell on the weekly. Multiple indicators are showing that a drop is very likely. Using Fib time analysis it seems likely that we will dump until 02/07/2020 and probably bounce off of the 61.8 fib retracement target of...
Looking at the chart it seems that the short term bearish sentiment is fizzling out. I would guess here that we will turn around on the daily on or before the sequential 9 buy (we are on the sequential 7 so far). That should then push us up to the previous trend line support of 9.45k. I then expect a swift rejection down to the moving averages. This break out from...
Bitcoin has completed its 5 wave impulsive move up. Wave 5 is truncated and has created a double top. It is now in its corrective wave A. Target of 5.9k to as low as 5.3k. This should happen by the end of the first week in May. We should then head up thereafter, post halving. The 3.8k bottom is likely in.
BITSTAMP:BTCUSD
Bitcoin volatility is showing a 9 buy on the daily, as of 3 days ago. Might be good for a long. HOWEVER, be mindful that this may be a bull trap as the S & P 500 is showing many TD sequential 9 sell signals on the daily and may open lower. BVOL7D is an excellent ticker. If you place an alarm on the TD sequential buy set up on the daily you should never lose.
Bitcoin is likely to break down shortly on the 4 hour. If it does it will break the neck line of the head and shoulders that has been forming. This has a likely target of 6.3k.
BITSTAMP:BTCUSD
