BobLoukas

BobLoukas

The Next 60-day cycle for bitcoin is not due until Mid March. i expect a Rally for the next few weeks now. But the main Bear market Low will not come until March. From there expect two more 60-day cycles to recover the highs. Some time around late summer.

BobLoukas

We've seen a fantastic 9-month parabolic run of nearly 20x in price. This move occurred over a series of ebb & flow 60-day Cycles. However, bull market runs do not continue indefinitely. And the amount of new retail customers who joined this space of late tells me that a good old fashioned (shakeout) and punishing bear market is absolutely needed. If you look...

BobLoukas

This chart has been shared a number of times Since December. Back then Jan 12th was identified as the next logical 60-Day Time Cycle Low. Today's massive capitulation selloff is the type of selloff one normally sees during the final hours of a Cycle Low. I don't have a crystal ball, but this intra-day reversal could be the start of a new 60-day Cycle

BobLoukas

In 2017 at least, Bitcoin has been showing us very consistent and clear 60 day Cycles. The sample size is relatively small, but the consistency is impressive. Clearly for this Cycle, #Bitcoin has topped. There is a possibility that the parabola that started in 2017 has now ended or exhausted itself. That doesn't mean it's an end to this bull market by any...

BobLoukas

Cycles occur in every aspect of our lives. In financial markets, the study of Cycles is a proven strategy. Cycles in the financial markets track the natural ebb and flow of human emotions and influence. So it naturally stands to reason that repetitive Cycles in the price of Bitcoin would develop, considering it's probably one of the most diverse and naturally...

BobLoukas

BROKEN PARABOLA - A Retrace all the way back to the original breakout point is common for these types of patterns. From the $700 level it could stabilize, and possibly start a slower and more sustain uptrend over time.

BobLoukas

Litecoin has sharply fallen out of a bull flag pattern and threatens to breakdown further. However, in a bullish advance, such breakdowns often act as bear Trap's, right before the asset reverses and goes up sharply to make new highs. No way of knowing if that's what is happening here. But it does present a good trading setup, as a tight stop around the $58...

BobLoukas

The breakout from the Wedge has completed and the recent move has been exhausted. Bitcoin now needs to hold this region. Possible scenario here is a back and forth consolidation that forms as a bull flag, which would then by early next week set the scene for a FINAL wave higher towards the $8,000 mark. I suspect that would mark the 2017 top.

BobLoukas

#Bitcoin Bull Flag on Hourly. $5,200 Short Term Target The breakout of the rising wedge has been confirmed. Bitcoin has negated what normally is a bearish pattern and flipped it into a very bullish development. We're see a pause here from the breakout, that's normal. This pause is forming as a bull flag that is likely to break higher into another $300 rally...

BobLoukas

Vertcoin shows a bullish Ascending Triangle pattern as a continuation pattern. Such charts in a dominant uptrend a very bullish. Notice the multiple attempts at the $1.20-$1.30 resistance level along with a rising hypotenuse. This indicators pullbacks are being bought, so accumulation is occurring. At some point, maybe after a few more tests, that...

BobLoukas

The rising wedge pattern in Bitcoin looks like it could resolve itself lower towards the $3,500 level. That would potential complete the correction since late August and set the scene for another run well into new all time highs.