Sometimes the simplest extrapolations are best. No indicators on this chart, this is a pure extrapolation of the 2014-2015 correction and accumulation phase, that has notable similarities with the current fractal in play. Could $6,500 be the new swing low? Absolutely. This would imply an accumulation zone between $6.5-$8.3K for approximately 40 weeks, with the...
Two weeks ago I sketched this to answer a question in one of the chat rooms and forgot to publish it as idea. It is a quick one because today I have little time to elaborate on my ideas.
Look at the remarkable double bottom of August '15 with August '19. Something tells e that we are going to see a correction of what happened January 2015.
This combined with the...
GJ (GBP/JPY) oversold at my DeMarker, RSI EMA, MACz-Vwap indicators & oscillators and indicators, at MA's triple, exponential and etc. are "bullish" at Fibonacci 0 (135.371) support since high resistance of 1(200.925) of mid 2015. Entry at low fractals and PSAR for dip-buys lows.
Let me take a dive into price action today and how it has to do with 2014-2015 on a weekly chart.
My name is Coin Savvy and I like charts.
I really like Bitcoin too and have been involved ever since $2000 in May of 2017 and WOW let me tell you what a ride so far... let's get into this thing.
Let me show you a monthly chart of Bitcoin in 2015 with a 50 ema (red)...
*** This article is not for sell or buy. If you liked this idea, please, 'Thumbs up', 'Follow', 'Comment'~^^
If you look at the title, main chart, and secondary chart, you can easily understand. Therefore, the explanation is omitted.
[ ] 13.11 ~ 17.12 (about 1470d) >> 0.85% >> [ ] 17.12 ~ 21.05 (about...
Yesterday I made the case that presuming the end of the bear may be a bit premature. Comparing the weekly chart to the weekly chart of 2015 shows this as well.
I'm comparing this weeks candle to the candle of the 29th of June. Now here is where I'm being a bit premature, as this weeks candle is still young and bitcoin being bitcoin could close anywhere between 0...
I stumbled upon this fractal similarity which is quite amazing in its really high degree of similar behaviour.
We can see that all the areas denoted with 1-4 are matching almost exactly.
So whtat does this mean for the future behaviour?
It would mean that we'll see a slow climb in Nov/Dec, a sharp sell-off in January at point A, which could fit, because...
Basing this off of basic indicators.
The first circle is after the first death cross between the EMA 50 and 100 day moving average at the beginning of the 2015 Bull run that peaked in 2018.
The second circle marks the second death cross where the 50 and 100 day moving averages cross indicating a possible end to this 2 year bull run and going bearish. I...
As pointed out in a separate comment, the current price/indicator setup increasingly resembles that of 2000 and 2007, immediately before indices' pronounced price declines.
A look at the Dow Jones Industrial Average and the Dow Jones Transportation Average...
As pointed out in a separate comment, the current price/indicator setup increasingly resembles that of 2000 and 2007, immediately before indices' pronounced price declines. See the following chart for the parallels between 2000, 2007 and now, as previously posted:
An warning update on my previous chart from a 2-3 weeks ago roughly, we see that BTC decided to delay the inevitable by not touching down a 4th time at the time I published my initial chart back then. Instead it decided to consolidate furthermore and attempted a break out again only to be stopped at the top of the downtrend channel outlined on my chart by the red...
3xMonth previous May 2015
March sales volume a little more the previous buy volume
April sales volume passed the middle of previous sales
May sales volume 3/4 less previous sales
3x week previous
Buy volume for WK4-27 was equal to previous sales volume. Opening 219 and closing at 240
WK5-04 buy volume also increased around a 1/5th. Skinny price action rebound 226.5 closing 240.5
WK5-11 sales volume reached to a little more then 1/2 and never equalized to the previous week opening 240 closing 236
Buy volume has increased but not as much as sales volume.
The price has begun with a sell volume 1/4 higher then previous with already 3x the price action.
3x day previous
the day has already breached recent low's