BitcoinGuru

BitcoinGuru

An warning update on my previous chart from a 2-3 weeks ago roughly, we see that BTC decided to delay the inevitable by not touching down a 4th time at the time I published my initial chart back then. Instead it decided to consolidate furthermore and attempted a break out again only to be stopped at the top of the downtrend channel outlined on my chart by the red...

BitcoinGuru

As you see on this chart (zoom out necessary), Bitcoin has a repetitive history with triple bottoms which entails a 4th touch of death when it touches a 4th time . This happened at least 5 times in the past (see squares and red ribbon). Chances that this happens again now are extremely high. Any weakness below 223-215 will reactivate this doom scenario with a...

BitcoinGuru

See annotation on chart. Just for fun my own fun and followers on TV and IRC.

BitcoinGuru

3 weeks later from the original chart I had published, here are the results. Will be publishing an updated chart on the current situation soon. Results are good, currently my bearish scenario took over after failing the vintage point at 300-315: (B) Bearish Scenario: If 300-315 fails to hold as support and succeeds in acting as a resistance then we will...

BitcoinGuru

Due to popular demand, I am publishing an update on my earlier draft. Thanks to a flow of good news from Silbert in regards to ETF, Bitcoin was able to pierce through my yellow line and with sustainability for now. I am bull to 300-315 initially as we also have the auction on March 5th which I think we could dump on the news on March 5th. March 5th could be where...

BitcoinGuru

This is just a DRAFT idea based on previous patterns on my charts. If you look at the red circled area you would notice they all tend to have overbought 4H RSI or Willy and they do a good job to trap longs there EVERYTIME (will it happen again and market the "continuation of the Bear Market or will the Bull finally take over?) Well there is a bigger chance in my...

BitcoinGuru

Look for the (A) Bullish and (B) Bearish scenarios on the chart with explanation. I personally still do not believe that we will break past the 255-270 area. I think we might test 260ish within the next few days but we will fail there. However, I am always open for the bullish scenario once I see a huge breakout with good volume! - a good trader always look at...

BitcoinGuru

Bullish scenario: $ 369 - 373 (Buy on break out) I am leaning on the bearish scenario down to: 1944-2010CNY or $315-325 area

BitcoinGuru

Been few days wanted to publish this so here it goes. All reasons to buy in are on the chart (see above) A failure of this scenario to the should be considered ONLY if ONE of those is fulfilled: 1. the 1D RSI drops back below the red trend line - to not recover 2. if we fail to move above 385 between now and November 16 3. if we drop below 330-340 (support...

BitcoinGuru

Two scenarios to choose from - straight forward: Scenario A - Bullish: 3 stairs down then we turn bullish similar to April 2014. This will peak at around 480-512 But since I do not always believe in patterns repeating themselves, else trading would be so much easier for everyone and everyone will be rich. Then Scenario B comes into play. Scenario B - Bearish:...

BitcoinGuru

Retest of 340-360 by October-November Forming a W double bottom Bull market will only then kick-in properly Bitcoin going to the 300s (266 could be possible depending on volatility and panic) would be better so that fresh and new traders come on board. More descriptive info incoming....

BitcoinGuru

Seems we built strong support at 620-630. We have spent enough time their that we are now able to continue the up trend. However before we resume our rally towards 750 we will most likely be within the 665-630 range until July 24th.

BitcoinGuru

Update 5 is a major correction to Update 4. Indeed the night I posted the earlier update, China decided to re-correct the price downward following my red bearish line due to low volume. I guess there was a slight delay which I did not take into consideration. So were back overall bearish for the short-term (next 7 days) I will keep this simple: > Set your buys at...

BitcoinGuru

Not a lot of volume the past few days leaves Bitcoin in a CONGESTION phase until June 27 to June 30 just fluctuating without any clear direction. TA cannot be very helpful in such a immature market but a forecast can still be done. The congestion range is mainly between 582 to 621. My opinion is: (1) technically the chances of seeing 550 is unfortunately...

BitcoinGuru

Notice the red rectangle or cloud on top of each resistance and notice how they all end up with a big dump of $90 or $60-50. Their is a strong possibility that we will see the same scenario in our current situation unless of course a whale decides to push us up. But I am still sticking with my plan for now with buys at 545-550 and another somewhere at...

BitcoinGuru

Notice the red rectangle or cloud on top of each resistance and notice how they all end up with a big dump of $90 or $60-50. Their is a strong possibility that we will see the same scenario in our current situation unless of course a whale decides to push us up. But I am still sticking with my plan for now with buys at 545-550 and another somewhere at...

BitcoinGuru

Notice the red rectangle or cloud on top of each resistance and notice how they all end up with a big dump of $90 or $60-50. Their is a strong possibility that we will see the same scenario in our current situation unless of course a whale decides to push us up. But I am still sticking with my plan for now with buys at 545-550 and another somewhere at 500-522

BitcoinGuru

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