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Predictive Analysis of the Next Megabull Cycle. It's Now!

BITSTAMP:BTCUSD   Bitcoin / Dollar
9 months ago
Hey guys I just found time after work to give you an update I was waiting to published been several weeks! I discovered that the bulls might starting the halving pump waaay ahead of July 16 2016 and we're following another megabull pattern like to the letter (see chart). If we are able to blow past $450 then our next top is $480 Bitfinex and stamp where we will go into another 36 days of consolidation before our major megabull pump by end of March , beginning of April.

From there we have several potential targets but the fractal goes to $9000 per BTC which I find exaggerated but it is Bitcoin afterall!

My more conservative targets are: $680-700 and $1800 and $2500


Bulls:
For now the bulls do not have a case in my opinion until the halving. If I see a change I will first post on my twitter1.99% account and then follow up with a new chart when I have time on TV.

I am here to help. Feel free to ask me questions or Private Message me directly.

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9 months ago
Comment: Hey guys please ignore the "Bulls:" section up there, it was a copy and paste from my previous chart and I forgot to delete it while was I editing.
9 months ago
Comment: Here is a zoomed in view with today's pullback/retrace to $420. At this point I am not sure if we will see $480 still or not. But it is always good to have this idea at the back of our mind just in case. Right now I believe we could pullback to the bottom of the yellow dotted triangle at $391 unless we can miraculously pump again above $450 to $480.

snapshot
9 months ago
Trade active: 1D BB squeezing up
1W BB squeezing as well

Both indicating huge huge move ahead to $480 = megabull if we continue our break up
9 months ago
Comment: I have revised the price action and correlated it against the fractal, it seems their will not be a move to $480 and consolidation at that level ($480 to 446), but rather we will be consolidation for 36 days at the current levels of $445-405 Bitfinex.

The reason is simple, the fractal is 5 years + old and a lot has changed since then e.g. Bitcoin more stable and a bit more mature, higher price range etc.

In summary:

We will be consolidating/chopping for 36 days at the current levels of $445-405 Bitfinex. I have analyzed the previous patterns and the breakup date will be March 27, 2016 roughly for the megabull to start. Until then you can definitely look forward for a LOT of sideways and some unexpected quick bear traps to 420 or 410-405 which are great areas to long in preparation to the megabull.

I will be publishing another updated chart to reflect the change in few days.

snapshot
9 months ago
Comment: Guys, here is an updated quick screenshot. As you see we reached a bottom here on the 4H timeframe which is extremely oversold (which was however due). the 1D fractal of the old megabull also shows the bottom is possibly reached at 415-416 (although i wanted to see 410 too bad)

snapshot


Happy trading. Updated chart will be published when I have time!
8 months ago
Comment: Hello All,

My last trading advise from 21 days ago, was spot on - we went down to $405 which held as support then now were going back up to $435 as I type this (top of triangle) - see my new chart for in details trading tips:

We will be consolidating/chopping for 36 days at the current levels of $445-405 Bitfinex. I have analyzed the previous patterns and the breakup date will be March 27, 2016 roughly for the megabull to start. Until then you can definitely look forward for a LOT of sideways and some unexpected quick bear traps to 420 or 410-405 which are great areas to long in preparation to the megabull.


I have published a new chart:

Predictive Analysis of the Next Megabull Cycle - Update 2
zeratul600
9 months ago
do you thing that we will have a pullback to 415, before going up?
Reply
BuyBitcoin.WS zeratul600
9 months ago
Unfortunately not we just had the pullback for 4 days where we had the most annoying chop/sideways ever between $409-425. This was the region where you should have longed or bought in.
Reply
Adrianrconant BuyBitcoin.WS
9 months ago
Thanks for sharing your knowledge, Elix. I don't know why, but I believe there will be one more pullback to 390 level. What do you think?
Last pullback to 390 level before goes up?
Reply
BuyBitcoin.WS Adrianrconant
9 months ago
hey andriant a pullback would be great but it will break the megabull fractal and have bearish repercussion.
we should go straight up from here to $480 roughly and we have the perfect storm for this - 1D BB squeezing up + last candle of the monthly closing tomorrow 4pm PCT
Reply
ScottWilhelmsen
9 months ago
Thanks I agree with your advice and comments, looks like if we can get to 450, then moon for the rest of the year! +1
+1 Reply
BuyBitcoin.WS ScottWilhelmsen
9 months ago
Yes notice how the selling is limited, everyone is holding their Bitcoin for halving. Downside is limited, so we can only go up even if we chop/sideways once in a while. In case of any pullback my stop loss for now is at $425 Bitfinex
Reply
ScottWilhelmsen BuyBitcoin.WS
9 months ago
Hope you didn't trigger your stop loss, looks like a lot of bear traps being set now and we are heading higher. If you did sell, maybe we will go to 425 one more time. GL
Reply
BuyBitcoin.WS ScottWilhelmsen
9 months ago
it did trigger unfortunately i lost a little. but not a big deal i should have put the stop loss lower.
Right now i think were going to $480 and higher imo = 1D BB squeeze + last candle of the monthly closing tomorrow
Reply
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