Notice the bearish engulfing candlestick today, after the doji yesterday? I believe that means we are going back down to retest the green line I drew in the 295 area. We just made new highs, but could not close above the highest close level set in July. I do not believe this sell-off will be anything more than simple profit taking after this nice rip up after...
These are my 10 Reasons why I think BTC is Bottomed out !
I am a huge bear when it comes to Bitcoin and I believe I am not alone anymore, the possibility of Bitcoin going lower has actually kind of became mainstream.
The problem is that people always look at what happened in the past to predict the future, as this crypto space got bigger alot of investors...
Welcome to advanced Tothemoon analysis!
Well I did something) The estimated Tothemoon model.
This is an example of how you can use the fundamental Bitcoin metrics along with simple proportions and drawings. And without any H&S, gartleys and butterflies. Okay, I'll tell you briefly what I've done.
1) Cost per Transaction ($/Tx, miners revenue divided...
Even for short term corrections may happen, values are getting higher and higher each day. We can see the double dip to the purple baseline of triangle and than a steep upwards move came.
When the purple triangle will be completed, I'm expecting a steep rally upwards. First target will be 219 which as ATH (all time high) and than it will set a new...
This could be a key area for Bitcoin and it's dominance. Last time we had it this high was before the alt-season rally of 2017. If that was to repeat. The amount of gains in the alt-coins would be pretty large as a lot of alt-coins are at pre-2017 levels.
S&P 500 index funds has a characteristic, once the value breaks support of uptrend line it makes a steep downturn for a short period. Right after down movement, a new uptrend rally starts.
Let’s see a few examples, look at the green uptrend lines
In the short term we have two scenarios;
1. Green Arrow;
If the value...
Here is my vision on potential pricem movement of Bitcoin till the end of this year.
Price stays above the support and rejecting the uptrend trendline, which is a bullish sign.
If/when btc will hit a new all time high, this could be a pretty strong signal for alts to start outperforming btc, at least in the short term.
It could be the last time when many...
Price has consistently failed to break the 11.1k level on the daily.
Ascending Trinagles are a bullish chart pattern - We saw one forming back when btc was in 4k area, Now its forming at the the current price range of 11k-13k.
IF it breaks above we could be looking at bitcoin TESTING ALL TIME HIGHS!
But nothing is certain in trading - So DYOR as well!
S&P New All Time Highs - Risky Buy
The Emini and S&P 500 made a new all time high again today, leading many to believe this market is still strong. In some ways it is, but it is more important to realize it is also in a bull flag trading range. This makes it a risky place to buy up here. This is where strong bulls who bought lower will start looking to take...
First I want to mention this is my first TV chart idea and I'm no professional trader by any means. Take this idea with a grain of salt.
Based on my relatively simple chart, I think there's a good probability of Bitcoin hitting the 20k target during October of this year.
If this target is reached I suspect one of two scenarios. I'm leaning more towards further...