Decentralized_Crypto

Decentralized_Crypto

For now I am seeing a WXY corrective pattern bringing us to the 1:1 extension at 8170 or 1.236 extension at 7944 on the Binance USDT Chart if this swing top is currently in. This also lines up with a retest of the breakout point of the trend line around $8000. Also if you are looking at this as a pattern then it looks like a cup and handle that hit the measured...

Decentralized_Crypto

I am sure everyone has seen the channel and curve many analysis love to show. Well that channel was broken on March 12th with major volume . If you actually anchor the channel to the bottom with 2 points up top this is what you get. We have not come down and tested the bottom of this channel since 2011 . This still leads me to believe we will hit more of a...

Decentralized_Crypto

Here is another way of looking at the macro trend!

Decentralized_Crypto

Macro Falling Wedge .618 Fib Target $48-$50

Decentralized_Crypto

Playing around with some new ideas as the market progresses!

Decentralized_Crypto

.618 around 7250 before reversing Bull Flag measured move currently validates target.

Decentralized_Crypto

Nothing has changed for me yet. We technically broke this symnetrical triangle to the downside and the targets are still the bottom of the triangle!

Decentralized_Crypto

We have had monthly declining volume since 2015 but the price has been increasing since then! This is very bearish and is indicative of a major reversal which looks like has already taken place but the major volume has not come in yet to indicate capitulation! My guess is much more downside price action! Be careful!

Decentralized_Crypto

Trend Line update with a potential double bottom coming by end of week or following week! Weekly MACD bearish cross. Weekly RSI not oversold yet.

Decentralized_Crypto

Currently looking for the .5 Fib retrace of this entire move up from the bottom of the last bear market. This coincides with this monthly trend line. Target is $1800 with possible capitualtion wick to lower 1k levels at the .618 golden zone. Looking for a monthly candle body close on this line. Bearish signs: Monthly macd cross Rsi not oversold on the monthly yet

Decentralized_Crypto

This is what happen in 2015 when this multi year trend line broke! We capitulated roughly 23%!

Decentralized_Crypto

We have technically broken this long term trend line going into a possible global recession! Capitulation is highly possible like what happen when we broke this line before in 2015! ( shown at bottom of trend line)

Decentralized_Crypto

Bitcoin looks to of held the demand line support line which coincides with the golden .618 retrace. I expect a bounce here! Possible retrace to .382 or higher to close CME gap at 9.1k then continued downtrend and then break of the demand line to find support at the second demand line which is also where the 200 week MA is!

Decentralized_Crypto

I updated the channel for weekly closes top and bottom. As you can see we have only really hit the bottom channel 1 time if you don't count that wick. Top channel has been hit on 2 occasions so far with 4 weekly candles right at the top of it recently. I am looking for a long dragged out down trend back to the median line. I have outlined in green different...

Decentralized_Crypto

Would you be longing this channel?

Decentralized_Crypto

This is an update to my last Pennant formation! Blue Vertical Line is estimated Halving Date! Both charts are posted for future reference! Upward break out would confirm to the market that the Macro Bull Trend is still strong and a confirmed bull market would continue!

Decentralized_Crypto

ABCDE Triangle Pattern which would have started at the lows of July 2017. Looking for the 3rd bottom touch around 5500 which is the .618 retrace of the 3k low to 14k high in Log Scale. This level also coincides with the 200 Week MA. The Blue Vertical line is the estimated Bitcoin Halving. I do believe after this pattern fully completes which wouldn't be until...

Decentralized_Crypto

Bitcoin capitulation still coming with plenty of room to breathe until then! The Halving will be the biggest Bull Trap in Bitcoin's history! Monthly RSI will hit oversold for the first time in Bitcoin's History!