Bitcoin pattern: a rising wedge after another rising wedge, this usually indicate the uptrend may end soon. potential down.
Just as my last update mentioned, bitcoin correction is near, but I don't anticipate the final high price can reach ~ 14000. After FOMO from crowd, the price soar like a crazy cat, but now we also see the correction after FOMO. There is an important question: where is the end of this correction? I'd like to guess the correction bottom from several aspect for...
Hello, everyone This is a threads of my reading notes for the great book: [ Technical analysis using multiple timeframes ] And here is the notes of chapter 13, how & when to sell short I will go through all of key points of this book, and find proof from the bitcoin chart. Why to selling short? from the book : bear markets occur every 39 months on average...
Just as my 2019 prediction, I thought bitcoin near correction after the bull run from Feb.2019. Here are why: Percentage of gain: From 07.Feb of 2019, bitcoin last more than 4 month bullish run, price of bitcoin jump from 3390 to 9444 (17.June), the percentage of gain is 178%, I analysis each bull run of last bull market (price from Bitstamp). from 24.Aug...
My bitcoin price prediction as the above graph, to the end of this year, price is around ~ 10000, you will amazing why is so near current price, aha? I think bitcoin is near the correction, and after correction need some time to recover and gain upside move momentum. My previous prediction in Mar 2018, aligned with the bitcoin trends very well.
BITCOIN weekly MA20 and MA50 tells everything! Redline is the price prediction in 2019! Yellow line is the weekly MA50 for bitcoin Blue line is the weekly MA20 for bitcoin Bear will be finish in the end of 2019!
Gold reach the ~ 1350, which is the major resistance in the latest years. I'm watching closely for the potential beak, and take in to consider the macro economy, lower interest ratio is the trend for latest future. Let's see if break & hold above 1350 can be realize or not. take action accordingly.
Bitcoin bull run since April reach ~ 9000s in end of May, currently, consolidation in the bottle neck line 7400-8000. Mid term technical analysis: Bull need a mid term correction to continue healthy long bull run. Indicator: Weekly RSI reach ~ 80 Daily RSI ~ 80-90 MA20 weekly ~ 5400 In a healthy bull run, price will periodically touch the major MA trend...
With 4H chart, double top formed, second top volume is weak compare to the first one. From 1H chart, triple top formed, and the volume reflect the strength of bulls. How to trade? suppose ETH will revisit the resistant line ~ 156, if the volume not decent to try breakout the neck line, we can short from here. will have good support in ~ 150, it's the latest...
Hi, Dear Experts Crypto world is weak again, maybe caused by the new year festival, crypto sharks are leave for their holidays? My opinion on ETH was short from here, actually I have short from 140 USD last night. From the daily candlestick : Obvious pattern has been formed for the trend reverse: Double top formed First top on 24.Dec, second in 29.Dec, the...
BTC in consolidation region 7000-9000. Daily RSI ~ 35, almost reach the oversold region, MACD very near to the bullish sign, bounce is expected. But I think BTC need to consolidation about 1-2 weeks in this region, since sentiment is conservative, The G20 is set to hold two separate discussions on cryptocurrencies next week in an effort to seek what...
BTC has long term bull run from the end of 2014, from price around 200 boost to 20000 in the end of 2017, 100x return. How about let's investigate the long term trading view for BTC, since most of us are personal investors, it's difficult to beat the market in short term, such as frequently daily trading, especially in bear market. Market cap: Is it possible to...