blockchaingetheworld

blockchaingetheworld

A picture says 1000 words

blockchaingetheworld

Nobody knows it's coming, a perfect setup.

blockchaingetheworld

2017 Overlay, Fake Breakout Incoming this week, before the real carnage begins.

blockchaingetheworld

Target for this symmetrical triangle break is ~20k Sorry bulls, you had your fun. Hope you took profit.

blockchaingetheworld

It is now time for Bitcoin to feast on souls of all the fresh meat that came to crypto in 2021

blockchaingetheworld

Sort of Joking... sort of. My attempt at Macro Predictive Analysis.

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This is the superbowl for bitcoin. Will it close in the Weekly cloud @ ~8500? Will the TD Sequential close with a green 2 well above a green 1? Will the price find support on the .5 Fib line also right at ~8500? Will the price close above the downtrend line created by the wicks from 13.8k and 10.5k? In my opinion, the Bulls executed this move too early -- they...

blockchaingetheworld

While gazing at the 6m chart, this came to mind. :)

blockchaingetheworld

Yes, i said monthly cloud. I've managed to layer the monthly and weekly clouds on the same chart on the daily time frame. This allows me to see the larger time-frame clouds with daily resolution accuracy. Price is currently on a collision course with the weekly cloud leading up to Christmas. All signs currently point to this being unavoidable at this...

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Take a look at this chart very objectively. I have added the Weekly Cloud along with the daily cloud to the Daily chart. Take a look in June 2018, when the Daily cloud crossed under the weekly cloud, it was the beginning of the end. Take a look now, the daily has once again crossed under the Weekly. The TTM squeeze also looks almost identical, which means we...

blockchaingetheworld Updated 

As I indicated in my update last week, that extremely low volatility combined with very high RSI seems to be kicking a dump on this fine Monday. Will the dump last? Quick buy back? Will we see a repeat of last year heading into the holidays? The final trip down that led to the capitulation of 2018's dump started on Dec 4th, 2 days from now, which culminated...

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Chart says it all. When RSI gets high combined with low volatility, a dump ensues.

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We've broken the 200MA on the daily (yellow line) for the second time. Unless the bulls come in and pump this thing back up above ~9300, we will close below it. As you can see in 2018, the second time the 200MA was lost, it wasn't regained until more than a year later. The second chance for a reversal will come in December, Christmas week. BTC will need to...

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Like my last idea stated, we pumped. That pump was of course more aggressive than I anticipated, so it changes the outlook a bit, but not the mid/long term. Over the next week or two we will grind towards ~10k, touch it, find support around 9600-9700, volatility will die off and basically go sideways for a bit leading up to Thanksgiving. This will occur mainly...

blockchaingetheworld Updated 

Drew this up the other day, and already seems to be starting to come to fruition. This week will ponzi-pump to ~9k, but not enough to prevent the death cross as it finds resistance from the daily cloud, the bottom of the previously broken triangle and the Daily 200 MA, where we will see a reversal in fantastic fashion just as bulls start to get some exuberance...

blockchaingetheworld Updated 

The "bull run" is over. Has been for a while. We are in the final death throes of this BTC "uptrend" cycle, where ultimately BTC will be shit out of a cannon to the downside of this triangle that began at the top several months ago.

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Drawing two downtrend lines from the high wicks and the high candle bodies creates an interesting zone which we are currently still in. Excluding the false breakout, we are clearly in a rising wedge. One more break up to ~12200 seems likely, which will be a second false breakout, and trap a lot of bulls, as it will quickly reject with an initial target of the...

blockchaingetheworld Updated 

This MEME has not let me down for over a month; there's no denying it, these charts are basically THE SAME. This is the last step. I see a slow grind up to 10.3-10.6 with small candle bodies and deep wicks to the downside (to desensitize people and make them move their stops far away, or just not have stops) ... then a sudden magnificent dump to kick off the...