biberfeind

biberfeind

BTC price got seriously rejected, several times now, since June of this year, from the red colored arc line. There is no need to be bullish or to speculate LONG on a bigger timeframe, as long as BTC didnt manage to close at least one single daily candle, above that. Period.

biberfeind

In this fictive scenario, BTC is falling back to prior lows and perhaps even further. You may need a bit fantasy and imagination to get into this. The blue dotted graph, is the 21 week moving average. Attention: This forecast does not contain any all time highs or significant parabolic bull markets, for the near future. Therefore lots of sideways movement as...

biberfeind Updated 

On the 1h Chart, BTC built a very similar formation, as we can also see in the 1W chart. It likes repeating itself, on all timeframes. Building those fractals all over the place. Regarding this fact, the CME Gap, that could be filled AND the 200 Day Moving Average, which is likely to be retested, i would say it will make a Dip very soon, to 8500ish region. Then ...

biberfeind

We will see a pump of Bitcoin price action, reaching climax around 23rd of October. Approx target will be the 200 MA on the daily chart. Have fun rallying!

biberfeind Updated 

I expect to see another leg upwards, on BTC/USD, simply because it is in an obvious bullflag, again. Breakout should occur, after bouncing from cross of trendline and the lower support line of the bullflag. Around the lower 8,4k region, in the morning of oct. 11th (central european time). Target: 9k.+

biberfeind

Bitcoin topped out and formed a descending triangle, during the following consolidation period. Price broke down, near the triangles apex point.

biberfeind Updated 

As Bulkowski stated - The problem with those triangles is, after breakout, the price tends to reverse and move to the opposite direction, in 60% of all cases. It likes to pierce just through the apex of the broken triangle. You can watch this phenomenon, on the lower as on the higher timeframes. And that is exactly what iam speculating on, right now. I published...

biberfeind

BTC just extended its trading range a few dollars to the downside. Fibo Timescale is always good to keep an eye on, @ BTC/USD Chart. Some static data to the actual price chart.