Here's an example of a pitchfork drawn on the 2 weekly BNC:BLX chart, measured from the March 2020 low to the Nov 2021 high and completed at the Nov 2022 low, and then extended in direction and levels (up to 9 levels can be added). The chart above makes for a solid example of how pitchforks can be used to derive a trend or channel and find solid support and...
Through out history men have done great things, so great that some are still not understood today in our modern advanced world. We tend to think they had less then us, (most likely true) maybe that's what made them great, the will to reach new heights. It's the unknown that they reached for for fearlessly. Most of the time reaching for nothing or too high....
This chart by no means is a price prediction. It's a look into a possible future for bitcoin in the coming years based on Elliot wave theory. In this chart I am are assuming that Bitcoins next move is the start of wave 5 in Elliot wave theory. When ever it ends the theory states that a massive ABC correction will follow, which would kill the mania and be bitcoins...
Hello Traders. In this post, we are going to revise our Elliott Wave counts and also go into a deeper dive of how we can interpret the current decade cycle for Bitcoin. I am going to do my best and divide each section by using past cycles, Elliott Wave Theory, and one indicator in combination to help validate my point of view on where Bitcoin might be heading for...
Last portion of historical data covered here, this is the analysis for the bear market since the 2013 top. Mad props to @timwest for coming up with this methodology/witchcraft... Cheers, Ivan Labrie.
Some people lose sight of where they came from. Don't forget your roots
In order to promote accountability and transparency, here is a collation of all the BTC/USD calls I have made in the past 3 months. Note that some where on smaller time frames than the Daily (that is used in this graphic), such as the 1hr and 4hr, but otherwise remain relevant to the review. Bitcoin Repeating History: 10 Part TA Series On Repeating Past Patterns...
In this educational idea I will talk about the current state of the global economy and how Bitcoin fits in. Most people don't realize how bad the current situation is. It could last for a few more years, as we have reached a new level of madness. Right now people are buying bonds which are so expensive, that there is no way they will get anything out of them. Not...
In this video I explain why fake volume is irrelevant, my counter arguments against the SEC's stance regarding liquidity and manipulation, how I see Bitmex and the decentralization of exchanges, along with the real issues an ETF needs to solve before it gets approved.
Most people don't make it big in the financial market because they LACK PERSPECTIVES. THEY LACK LONG TERM PERSPECTIVE. Most people don't make it big because they can't open their mind and be critical in doing analysis. Most people don't make it big because THEY BET AGAINST NEW TECH. Just as those people who bet against Henry Ford. Just as those people who bet...
Very interesting how these trends panned out, with a more complete data set we can see that a target zone between 950 and 1850 was established as a potential topping zone well in advance while the price was close to $100... Time @ mode analysis of multiple timeframes, using the system's rules would have let you ride most profitable segments of the trend and avoid...
I'll cover all the main weekly, monthly, and bimonthly trends in $BTC, using the $BLX chart, which very interestingly contains historical data older than what Bitstamp offered until now at Tradingview. Great addition! You can see how the trends work, and how Time @ Mode would have let you ride them all with great precision, and specially, told you 'when to fold...