iVonomics

iVonomics

Although we are still in a bear market, the bounce from the recent lows gave us some clear signals that the bear market is soon coming to an end! First and foremost, there is the obvious triangle in which nearly all of 2018 took place. As the triangle closes, a decision is forced upon us, and the bears have proven unable to break through the bottom. So it seems...

iVonomics

Hey fellow TA enthusiasts! I have some good news! We are likely to start going back up for a while, and we will once again visit the 8k region for a welcome breather! Sadly, signs are saying that our revival will be short-lived, and will be followed by another deep dive. And this time, we will get to see the dreaded depths of 5k. Let me walk you through it:...

iVonomics

Hey fellow TA enthusiasts, While trying to decipher the current BTC movements, I suddenly noticed a clear and familiar pattern unfolding! The februari/march uptrend and subsequent downtrend followed a pattern just like the one we are currently in: 3 upward peaks, and 2 downward peaks, before plummeting down to the bottom of a newly formed wedge. I highlighted all...

iVonomics

Hey fellow traders, While trying to make sense of the bitcoin movements of the past weeks, I find that the fib retracement levels from last years latest bullrun still control much of the movements. Pretty much every high, every low and every sideways movement of the past few months is connected to a fib retracement level of this bullrun. Our latest struggle has...

iVonomics Updated 

If we view the BTC chart from its last bullrun, we can chart a clear, almost textbook Elliot Wave 5-3 pattern: The bullrun itself consists of 5 waves in the main trend: 3 strong uptrends, and 2 small downtrends, up to the all-time-high of 20k. The first of three correction waves from the ATH then has its first deep dive to point A at around $6k (after having...

iVonomics Updated 

Two long-term trends in IOTA are converging at the end of this week, so there is a good chance we will see some strong action soon. Looking at the previous bull-bear-bull run, we see a very similar pattern: - 3 month consolidation after previous bullrun - Breakout near long-term trend convergence Since IOTA has already had a full retrace of its all-time high,...

iVonomics Updated 

Even though Bitcoin -0.65% broke through the long-term bear trendline (in pink), it failed to do so decisevly. The beartrend is extra stubborn because it coincides with the 50 day moving average (white trend line ). Within 3 days, the long term bear trend and the more recent uptrend (in green) collide, and one of the trends will have to be broken. Bull...