paranoiakid

paranoiakid

This chart explains itself.

paranoiakid

27k should be a good support zone equal to 25% drop from ATH. But this bull run is far from over and we will continue to see 15-25% corrections along the way for the next 6 months minimum.

paranoiakid

Late 2017 when BTC is pushing near ATH is quite volatile, expect a lot of pumps and pull backs here. If cup and handle formation didn't fail, i predict getting 23-24k should be a breeze.

paranoiakid

Here is my prediction. This rally will continue to the neckline at 10400 before halving. It will dump to 8200 after the halving forming the right shoulder. Break out of the neckline before 1st July, 1st resistance is 12000. Break new ATH by Christmas.

paranoiakid

1 Week - LOG chart Wyckoff method BTC met it's first resistance at 9400 from this run, BTC might aim above $12000 next after some consolidation.

paranoiakid

In addition to bear flag formation, the spread is narrowing with volume at a very low point. Very likely BTC will make a move within the next 12 to 24 hours.

paranoiakid Updated 

Prior to 2016 bitcoin halving we have seen chart printing higher bottom each dips with declining volume, it was a good sign of seller exhaustion that lead up to the strong break up where there is a spike of volumes from trader taking profits. Today we are seeing similarities from 2016 of rising bottom with declining volume with a lot of signals showing bullish...

paranoiakid

My own divergent of the Wyckoff Method with more emphasize on volume.

paranoiakid Updated 

While past performance is not an good indicator of future, BTC is plotting similar behaviour from 2017. In addition to going short or long within the accumulation channel, it might be also profitable to buy ALTS at the top of the channel and sell at the bottom.

paranoiakid

Great performance by VRC today but will it be able to break above 50 EMA and 200 EMA at 6400 satoshi. Good opportunity to get in after it retrace a bit.

paranoiakid Updated 

Selling pressure/volume seem to be drying up at current prices and we might move up another level and retest 1st resistance (R1) where there is more volume activities. There is a chance we might break the current bullish channel down towards previous accumulation zone if bulls are feeling uncomfortable moving forward.