CluelessNoobTrader

CluelessNoobTrader

If Bitcoin is to survive long term, it has to break out of the wide downward channel started at the peak in December 2017. Right now it is respecting the channel that existed from April 2017 to October 2017. I believe this is where its destiny lies in the medium-term now that the madness is over, media attention has died down, and growth has returned to the...

CluelessNoobTrader

Prepare to be mesmerised. On March 26th the yellow trendline that started in April 2017, which was left behind by the Winter madness in November, will cross the upper band of the downward channel in green. If Bitcoin can't break through the green trendline, expect it to continue on its slippery slope downwards. Otherwise, I expect Bitcoin to roughly follow the...

CluelessNoobTrader

The wedge that some believed was forming has been broken, which could indicate a shift upwards. But on the four-hour chart it appears that Bitcoin has simply moved into the upper portion of the general overall downward trend channel. Only if it breaks the upper green line can we consider the recent bull run, which is coming out of the positive G20 news, to be a...

CluelessNoobTrader Updated 

The recent bullish spike caused by some G20 musings that cryptocurrencies are not a threat has driven BTC up towards the top of the recent downwards wedge. If this drives BTC above €8,000 then it will have finally broken the downward channel the roof of which is represented by the green line. If that happens, expect something new and unexpected to happen....

CluelessNoobTrader Updated 

The overall trend on the 1 hour chart from 23rd January to 3rd February has apparently been repeating itself, albeit narrower horizontally, since 2nd March. Whether this is a statistical fluke, an inherent anomaly in the programming of the Matrix, or something else, if this trend holds to be true then we're looking at Bitcoin dipping below €6000 and possibly all...

CluelessNoobTrader

If you continue the trend from January 2017 up until the overly bullish rise leading into December 2017, then Bitcoin has almost dropped to were it would be without the craziness. Alternatively, if you continue the pre-2017 trend, then Bitcoin is heading all the way down to €1100. Where it settles depends on what percentage of HOLDers are going to freak out and short.

CluelessNoobTrader Updated 

After my incredibly flukey first prediction, it's time to go nuts and predict the future again. Bitcoin is currently on a strong downward trend. Based on previous bouncey behaviour I predict it will bounce five time, much like a freeclimber who's lost their grip and is bouncing down a ravine! After that it will either bounce back up at around €7200 or level off...

CluelessNoobTrader

BTC to reverse recent downward trend on completion of mini head and shoulders pattern.