The clock is ticking on the daily cloud coming into play which ironically will also be the weekly close tomorrow. Approximately 10850 is the TD flip price on the weekly, which means a red 1 could print on the weekly for the first time in 23 weeks. If we close the weekly above 10850, we'll probably test the downtrend line from the top as well as the previous...
It's actually scary how closely the overarching momentum and sentiment swings have revealed themselves in the charts and echo 2017's bullrun. We are now at the 4h arrow, aka the "last gasp" pump. I expect us to fall back into the 9000's from here where we'll sit for a bit before finally descending further. One thing I will say, and that you can probably see...
Unmistakably similarity to 2017. When everyone was calling double top and 25k, it all ended in a flash. People are now calling double top and new ATHs. You know what they say about history...
"After the top" is playing out exactly like 2017 so far. Weekly monthly close will tell the story. If we post a Higher high ~$12,200, this idea is completely invalidated.
My last has started to play out pretty well and coincides with where this falling wedge will either breakdown or breakout. I personally favor the downside, but anything is possible. For now, I expect a bounce to ~8200 before going back down and testing ~7400. Depending what happens there, we could be going back to recent highs, or falling down the sitars to the...
This "bull run" (laughs) is a complete fabrication fueled by manipulation. The top is most likely in, and it's all downhill from here. Bulls are in a state of elation and it's time for "them" to pull the rug. There will be a series of bulltraps as we fall down, with less and less strength as bulltards lag behind trying to long the "dips" until the reality of...
In May 2014 after the bubble burst, bitcoin had a 65% rally and broke through the Weekly 20MA and it had it's first uptick since the pop. Everyone rejoiced, called the end of the bear market, and everything was just magnificent. Does this look familiar? The 2014 pump and the current pump we are in the midst of look remarkably alike which very simply point to...
As I posted yesterday, Defender of the Cloud is on. Target for end of week is ~$9k. Sound crazy? Just look back every time btc touched the weekly cloud. BTC is coming into this cloud HOT (fast and downward) so it's no surprise we saw the violent move up today, in an attempt to save the nosediving plane. Should be a glorious couple of weeks. Enjoy it while...
Wow, to say the next few weeks are EXTREMELY important for bitcoin is an understatement. If we fall through the weekly cloud, it would be a cold, long winter. Either way, BTC should climb up the side clawing and scratching for the next month just like it did in 2014, for more than 55% gain, before it broke through the cloud and officially entered the bear market.
Chart says it all. What happens after the triple bottom will be very telling as to what kind of second half of the year we are going to have. Hold on to your hats.
Well, as I said weeks ago, this giant daily cloud was going to keep BTC tethered for weeks like a boat anchor, and that's exactly what we're seeing. We've managed to bounce again, and are headed right into the 1h cloud, which I think we will eventually break through, and go up to ~9400. The 4h cloud will keep us at bay beyond that though, and a lot of...
To have any hope to the upside, we need to break thru the cloud on the 15m, which it's currently trying to do before it's too late and the cloud thickens up. We bounced off the daily cloud, but if we don't head up soon, we'll be retesting that soon, probably a little deeper than this morning. The hourly cloud has been pushing us down since last night, but I do...
So we entered and bounced off the top of my target area, although I don't think that's enough to send us back up to 10k. I do think it's enough to get us through the 15m cloud in the next 4-5 hours though. After that, the thin cloud below will be the perfect chance for it to fall thru and test that 9000-9100 level.
Well, not much to say today. BTC dropped through the floor again, and it's bashing its head onthe 9260-9280 floor. Four touches so far on the 15, and I think it eventually breaks through and falls to the Daily cloud which also happens to be right around the 0.236 fib from the original jesus candle that started this whole move up from the bottom. Blue box is...
Well, BTC rejected 10k quite violently. Has regained some losses after visiting 9450 briefly. A lot of people are saying there is more downside, but after not even touching the 200MA on the 1h, or the 50m on the 4h, I'm a little more bullish than most. As we round the bend on the 15m cloud which will be thinning out, the 1h cloud will also be thin above us...
Bitcoin made a bid for 10k, got rejected back down to 9850. Now what? Well, it looks like we might see some sideways here, maybe sideways/down until it gets to the 15m cloud where I think it will fall through, down to 9725 where it will catch supply from the 1h cloud. The market is holding it's breathe right now, alts are in a holding/bleeding pattern, which I...