Today, I make this EDUCATION analysis after over 1 week I research and collect datas in market. THE PURPOSE is getting for all you guys A REPORT about THE TIME WE FIGHTING WITH MARKET AND LOGICAL ANALYSIS ABOUT BITCOIN WITH PREDICTION FOR 2018 and 2019.
Do you feel excited? Let going! But remember ZOOM THE CHART FOR SEE ALL I WRITE IN ABOVE and you can get full my viewpoint!
I want to starting with the time we boom in November 2017 and we are in “ CRAZY GAME “ of BIG BOY with SHARKs ( as we call ). We dont know what they are thinking and where they want to take us to? Did you buy in TOP and sell in BOTTOM very very low? Yes? So you are in the “GAME” of them.
The path of price represents the general psychology of the market and the price model is the way that BIG BOY make us to sell everything cheap. Do you think why we have price pattern? What it mean? It simply built from a time of psychology in market and a “GAME”. There are many same patterns that we see inthe past with so many different financial markets and the same game, but we lost money all the time.
At this market, Bitcoin is in PATTERN - BILATERAL PATTERN - which pattern can break up or down and we need have solution for each of this.
In this post, I will analysis very detail about 6 PERIOD and COMPARE all ELEMENTs to EVALUATE that Bitcoin will go up or down in 2018 - 2019
Each PERIODs I draw vertical line for separate them with chart of price + screen + screen
In general I draw 11 important points in above and ZOOM for see clearly with many Lower Highs and Lower Lows in the chart.
The easy thing we see is market are totally downtrend with many LHs (Lower Highs) and LLs (Lower Lows) as Dow theory.
If uptrend for middle and long term occur, I think we need 1 more bottom higher current bottom and 1 more top higher last top. Detail, if Bitcoin pump over 74xx we will see middle term uptrend and pump over 84xx for long term uptrend. Sure about that!
In the chart I using enough indicators for analysis not more not less:
+ Leading indicator - Momentum oscillator:
+ Lagging indicator - Trend following indicator: ( DI+ and DI-)
Resistances and buy zone: Using Fibonacci
All in above enough for we to analysis each PERIOD.
We have amazing number that I discover is each time Bitcoin drop strong and bounce back we all see 0.5 - 0.618 bounce which caculated by .
So now we will come to each PERIOD. I will tell you and explain why we drop and why we go up in each point with analysis.
*** PERIOD ANALYSIS
This time in last year 2017, when media and all BIG BOY give many good news for market, all people know about Cryptocurrency and we see the Peak in nearly 20000$ (point 1). The of this time is very high but less when price come to 18000 - 20000$ zone.
How can we realize that we will drop? Look at in this time, we have divergence. More, we look at combination of 2 candles I emphasize in above in peak. It is >>> downtrend
In point 2, we have double bottoms in this time with divergence >>> uptrend
In point 3, we start dropping so which signal show that? We also have the price touch upper band of so we need down correction to come average line. The combination of 2 candles is . Consider about we all see DI - cross up DI+ and DI+ go down with go down, it mean the uptrend are weak and we will see signal for downtrend for next.
After that is the time from 16 Jan to 29 Jan is accumulation zone (9000 - 12000$), this is zone when buyer and seller debate and just some people know it is ACCUMULATION ZONE in before big drop ( from 12xxx to 6xxx$ )
Start with the big drop from PERIOD 2, we have very nice bounce from this time. So how can we know before it pump?
In point 4 we see:
Look at , it is oversold >>> 1 signal for uptrend
We have big candle with nearly 900$ of tail >>> it mean we very strong buyer wait in here guys.
After that, the strong uptrend are revealed in with DI- go down and DI+ go up as well as go down mean the weak in downtrend of last time from 12xxx to 6xxx >>> we will see reversal in next future.
In point 5, we have double tops pattern with divergence, cross up over 20 and DI - cross up over DI+ >>> strong downtrend will occur
Double tops in upper band of also a clearly signal for reversal from uptrend to downtrend.
This time will starting with point 6.
We have double bottoms in lower band in >>> bounce up
go down >>> downtrend is weaker than before
DI+ cross up DI- >>> uptrend will be next for middle
In the point 7, we have divergence is very clearly signal for reversal trend ( uptrend to downtrend )
go down >>> uptrend is weaker than before
DI- cross up DI+ >>> downtrend
We will analysis point 8 and point 9 in this PERIOD.
Do you see something familiar with us? In point 8 , yes, it is pattern and we have big blue candle break neck line >> uptrend for middle term
See again, we can realize it early by divergence with Left Shoulder and Head.
We also analysis and candle in Right shoulder.
We have combination of 3 candle called >> strong signal for uptrend
over 20 and DI+ cross up DI- will be another signal for uptrend
In point 9, we have oversold >>> signal for downtrend
nearly sideway >>> uptrend will not strong and weaker
DI+ go up and DI - go down >>> early signal for downtrend
We will analysis and consider about point 10 and point 11.
In point 10, we just have divergence for reversal signal
In point 11, we have big >> downtrend
OK guys, I have just analyzed and extracted a lot of data for the process of forming Bitcoin price model over several periods and how we perceive the reversal of each point in the chart.
Now I will give my opinion in total general of market and my choice for UP or DOWN in 2018 - 2019 and why I choose that? How the price going and which these important zone that we need to take care.
*** UP OR DOWN 2018 - 2019
Long writing in above show many repeat patterns, repeat Fibonacci that price bounce back, repeat divergence and much more, it is simple but we are in the “CRAZY GAME” of market.
Let consider about the in point 5 7 and 9. We have lower top in next time but is higher than before when the price in peak? Why? Which mean of this?
It mean Bull dont strong like before and Bear are winner in next time next time, guys.
After we are debated by Bear, we all come back to 5800 - 6000 area and bounce from hare 4 times. The buyer in here is crow. But the time for accumulate and bounce back is take more time. It mean we are vey hard for next bounce in future. Most recently when we bounce to 74xx and be drop to 61xx in just several day with big in red candle, people not interesting with this market? So what about next?
We are in , we can break up or down and it will decide all the crypto market in 2018 - 2019 when Bitcoin decide to break upper line or lower line.
Now is very important time for watching market.
The is lower lower than each last time, I think very difficult for innovation uptrend right now!
Look all general at + the action of market react when Bitcoin come to weaker weaker than before so I think we are maybe DOWNTREND in 2018 - 2019.
This is my opinion, UPTREND will occur and we need BIG NEWs for that. Everythinks will be happen.
The and is very IMPORTANT.
If we dropping below so we will come to BOTTOM ZONE and I think the market will bounce from here. (2800 - 3600$)
This is my last chart in TOP Tradingview, all you can enjoy:
Thank for reading and LIKE it for my hard working!
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Remember folks, Bitcoin is just a few days/weeks away from breaking the all-important $5.8K level as it continues to the path to $3K (starting to think $1,000 is the level to buy -- as a gamble).
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