ZtCedric

ZtCedric

This mind-boggling Cup and Handle formation paints Bitcoin at $20000 and that is not counting in the wick of the corona-crash which would be another 60% on top painting the total target to around $26000. In other words, Bitcoin has not been looking this bullish since early 2017 I really don't know what else to say lol ...

ZtCedric

Bitcoin just broke the most essential resistance that kept it down, there is nothing really left other than the All-Time High itself to keep the price down. At the same time, Gold is breaking and making new All-Time Highs for the first time since 2011 while Silver is working to print out its biggest monthly green candle in history. This is no coincidence, it...

ZtCedric

If the fractal of the 2014 bear market is, in fact, repeating and gives us the clues then May 2021 seems to be what is written on the wall for Bitcoin's final capitulation-making-low. Check out the related idea that is linked to this idea to learn more! keep calm, hodl

ZtCedric

This chart should be self-explanatory, it's also an update to my previous charts but more simplistic. As covid-19 pandemic is raging over the world speculation on Bitcoin is expected to slow down resulting in heavy sell-offs going into a panic phase that will scare even the strongest holders, which by definition is to be expected of a so-called "capitulation"....

ZtCedric

This is the most conservative and optimistic outlook short term as long term I can think of as provocative as it may look... This chart incorporates data from 2014 up to 2032 influenced by fundamental ideas stated in "The Bitcoin Standard", macro analytic data from Martin Armstong's study "The Economic Confidence Model", chart patterns inspired by Opticalart and...

ZtCedric

Bitcoin is at an interesting pivot point here If candles start closing on the other side of the 3.613 fib circle (grey curved line) and below the blue pitchfork trendline I'm expecting a sharp move to the downside.

ZtCedric

Had this idea already published in early August but unfortunately, it got delisted as it was accidentally submitted to DE the german TradingView, so let's hope this time it's on EN. As price has followed quite nicely already I'd like to repost in case .. This chart shows a fractal that is repeating the 2014-15 bear market (2nd phase) cycle in terms of Fibonacci...

ZtCedric

Currently held by the 30 times moving average a death cross soon would confirm major correction and trend reversal otherwise breaking $12300 successfully within next days and holding it should cancel the idea of a capitulation back towards sub $3000!

ZtCedric

Close-up view on the upcoming crossing, be prepared this could dump hard.

ZtCedric

The suckers rally is about to end, the road towards capitulation is set.

ZtCedric

Apparently, we've got a golden cross on the weekly. All it needs to do now is for the green 30 MA to turn around and converge up.

ZtCedric

1.618 is our golden number here With the high in December 2017 Bitcoin had just ended it's largest Elliott fractal (big blue wave) which had taken about 7 years plus to form. There is evidence that Bitcoin currently sits in a major correction that is not only correcting the 2017 bull market but the entire 7 years bull market which could possibly extend the bear...

ZtCedric

Bitcoin's Network Value to Transactions Ratio is on a critical point here! If you are interested in learning more I highly recommend to check out Willy Woo's blog where he goes in full detail on this particular method.

ZtCedric

Just playing the guessing game, this is what I currently see in the charts .. last week just closed and it printed a reversal doji implying that the odds still favor the bear.

ZtCedric

wouldn't trade against the trend which overall remains bearish but if u looking for a quick risky long here some notes, I would advice to wait for the head & shoulders to fully realize and buy its breakout with taking profit shy below $5000. Be careful today's candle already has a bearish poster, wait for the close!

ZtCedric

even tho I see an early pop to $5000 likely after yesterdays positiv price action I just noticed this on the weekly which starts contradicting the newly established positivity

ZtCedric

At this point the two bold purple trendlines become the very last metric to either direction .. this is a no-trade zone to me, the $8400 low better holds and reverses quick.

ZtCedric Updated 

Conservative speaking you really should remain NEUTRAL here, we have a lot of resistance yet to break before taking on bullish trades, gotta get a daily close above $12000! However with the case of each ressistance getting broken the pressure to new highs will increase and the breakout could be violent leaving any bearish trades left behind giving u a bloody bear...