forsel

forsel Updated 

BTC is right at the decision point now. It is retesting the 11-year trendllne (see my previous ideas). If it succeeds and can make support, then it is looking very positive and I expect we will move up quickly. If not, expect a drop down to 36-38k levels.

forsel Updated 

As a followup to my previous ideas regarding an 11-year trendline and massive W's being created, I've applied a fib channel tool that runs parallel to this trendline and to the ATH's that were formed so far. I decided to share this as it shows much more nicely than a standard fib retracement tool how the price action has behaved in the last 3 months. Note that...

forsel

What has BTC actually been doing in the last 3 months? Let's look at the somewhat bigger picture. In my first idea I introduced an 11-year trendline for BTC. It is clear to me that BTC recently broke this trendline in early February after a pullback that started early January. After the run-up to USD 58000 that followed, BTC stagnated ever since. What do I think...

forsel

This idea is going to be a bit more 'out there' for most, but somehow I cannot let go of it. So, I'll just throw it out here for anyone who is interested. And let's see how it turns out over the coming months/year. When you start looking at price action in detail you see fractal patterns repeating themselves on all levels, patterns built up from the same pattern...

forsel Updated 

Why does no one seem to be talking about this 11-year BTC trendline? I've only been in crypto/BTC for 4 months. I found what seems to be a very important trendline on the large timeframes, but haven't seen anyone discussing it yet. Most discussions are regarding logarithmic growth curves on this timeframe. Someone drew a trendline in the BTC corrections we had...

forsel

As a followup to my previous post (BTC correction symmetry), we now see that my idea worked out relatively well so far. What surprised me as well was the peak in the blue circle. The bar pattern only shows 2 small peaks, which have turned out much larger in reality. It makes sense though as this created a double top/M, needed to go down to the USD 53800 level...

forsel

I have found that many corrections/retracements in BTC are symmetrical, probably due to its fractal nature. Usually, the price action happening on the way down can be seen happening in reverse on the way up. Obviously, this is not perfect symmetry. Scale is often larger on the way up, which is logical. We wouldn't be able to reach a new ATH otherwise. Also, on a...