janvitos

janvitos

Hey everyone. Please note that this is NOT financial advice. So after the FED announced in November that they would begin tapering sooner than expected and might raise interest rates sooner as well, institutions and investors started de-risking, US stocks started dropping and Bitcoin corrected 38% from its all-time high of 69k to 42,8k. Bitcoin has then...

janvitos

Bitcoin has been consolidating between 45,8k and 51,9k for the past 13 days or so after liquidating billions in leveraged positions when it made a sharp drop to 42,9k. This price action has been pushing the Fear and Greed Index in the “Fear” and “Extreme Fear” range for a few weeks and has made quite a few bulls turn bearish. Is it the end of the bull run? I don’t...

janvitos

The price action of Bitcoin of the past few months is very similar to the accumulation cylinder from Livermore’s Speculative Chart. According to the chart, Bitcoin could be in the last stage of the accumulation before it takes off. Step 8 is only there for reference and is NOT a price target.

janvitos

I believe Bitcoin will consolidate between 55500 and 60000 until the beginning of December. It will then bottom sharply at 53000 around December 5th and spring back quickly to 63000 around December 7th. Bitcoin will consolidate once again between 58500 and 66500 for a few days. It will then start its ascension towards ATH and break the 58000 resistance around...