Looking back at 2018 (left chart), when the 50MA (green) crosses the 200MA(red), we have a 40 percent rally to the fib. 0.618 level (green line in my fib box) before we settle for another 40 percent dip BELOW the previous low.
Not saying this will happen again, but, If this move is to happen again, we can see a rejection after a rally to the same 0.618 fib...
Looking into the theory that the 2018 Bitcoin chart painting is eerily similar to the bear market of 2014 - Maybe the MM's algo is doing it all over again.
Take a look and decide for yourself.
History may not always repeat, but it sure does rhyme.
I don't necessarily believe we will see $2,700 BTC any day soon, however after unbiased perspective it is not out...
Hello!
Multi timeframe analysis is there.
Recently we meet Local resistance at $6514 (red horizontal line) Which is bottom of Descending Triangle (Red on 2D chart at left).
Now it need to break $6514, to move on higher resistance $735 2, which will be hard for bulls IMO.
If bulls will fail breaking this resistance, we will probably see reloaded bears for...
There's not a lot to say, Market is in accumulation, im not expecting big moves over 10k so easy at least not before October. and if it Goes over 10k, maybe 12k would be my target and then we could see another test of the market in the 7kish and a Max Low Point in the 4.5k ish, I don't see bitcoin going lower than that, after that I will be expecting the next Bull...
Dear Crypto Investors
Some Crypto Addicts asked me what I was thinking about BTCUSD for the next couple of Months.
Can we really see a recovery before September of BTCUSD ?
Yes definitivelly, it still looks like 2014. However the recovery was really low after september in 2014... I suppose with some more goods news we can go back again to a price close to...
First, I want everyone to know that I'm doing this just for fun!
SO -- Here's a potential scenario for BTC/USD to hit 100k+ by the end of the year.
Now I know everyone gets emotional when analysts try to predict the future as if they have a crystal ball. Sometimes we may even think they are using a Magic 8 Ball for all their predictions.
However, I have made...
![BTCUSD: 100K+ BTC/USD [BITCOIN] SCENARIO](https://s3.tradingview.com/i/iBR4qPUv_mid.png "100K+ BTC/USD [BITCOIN] SCENARIO")
