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...
See this chart...
I see an upwards change in google trends for "bitcoin" word... It followed always with a new price peak (hype) in the bitcoin price...
(The original price chart is from bitcointalk.com )
The chart shows it all!
Looking to short this EURGBP bat pattern . When profit target 1 is hit we move stops to breakeven, but no profit will be taken here. All profit will be taken at the .618 (target 2).
Stop level is also indicated.
And as always, hold your thumbs!
The EURCAD has two times during this downtrend had trouble with the support at the purple box but has recently broken through it and is now coming back up. We look to short it when it comes back into the 1.4365s again as we then get what i call the "broken fang" setup meaning that price prints lower lows but equal highs (indicated by grey triangles).
We are also...
