Great evening everybody, yesterday I made a recommendation on when to short BTC. Everybody who followed my advice should have made some money. Enough of the self-praise though, let's get to the analysis. By now you should notice that the similiarties between now and 2013/2014 are NOT neglectable. It's pretty obvious that BTC is moving much faster...
Alright Ladies and Gentlemen, as expected, the bounce from 6.500 $ towards 7.400$ was nothing but just another bull trap. We had decreasing Volume and an increasing price. Nothing bullish about that to be quite honest with you. There were multiple resistances at 7.400$ as you can see (Red downtrend channel). Right now, we are moving under July's supportline. A...
if this count of 5 EW is right .. then we will not expect a big wave of reversal till mid MAY with a bottom of 4000$.
Putting it on record that I think the bear market will end April 1st, 2018 at 6.3-6.4k. Too many reasons and things line up to ignore it. I won't get into the full theory right now but I just wanted to put it out there to look back on. If I'm wrong, god help us. If I'm right, you should still do your own TA and not trade with this as advice. I will update with...
As I predicted yesterday, the BTCUSD 50 day Moving Average has now crossed over and below the 200 day Moving Average, creating what is known as a death cross . This is the clearest possible indicator that we are just at the start of an extended bear market for Bitcoin and on our way down to 6000USD, possibly as far as 3200USD. Hit the thumbs up if you found...
It's been on the cards for the past week, but the rapid selling on BTCUSD of the past 48 hours has finally brought us within touching distance of the 50 day Moving Average falling below the value of the 200 day Moving Average... otherwise known as a death cross and one of the strongest possible indicators that we are moving into an extended bear market -...
We have been in a bear market for a few months now. In a bear market, Pump and Dump schemes are extremely easy to pull off if you are a whale or a bunch of whales. In a bull market, people would instantly buy the dump, leaving whales holding fiat bags and decreasing their position. But in a bear market, when a whale pumps a few % people instantly FOMO into it...
This analysis is courtesy of Tim West time@mode system, and Ivan Labri for introducing me to the system, if btc manages to break the 6k low, price has a target of 3300, with expiry date of 46 days. Excuse if all don't look that professional yet, its my first post.
BITSTAMP:BTCUSD In a bear market potential good news is like wining to lottery, or something like that. Could we hope that the forming falling wedge is going to push for a reversal in BTC? I noticed in some exchanges that some big money slowly are buying into this market, maybe in anticipation of the falling wedge. It could be the beginning of a re-bounce in BTC....
All is bear warning ! Attention, the market is in a phase of downward trend, a crash is inevitable. Attention, le marché est dans une phase de tendance baissière, un crash est inévitable.
This is how it's done, objectively, not just copying fractal patterns like many do. I see this as a clear bear market, we just got started, so, don't HODL like fools and get ready to short rallies. Best of luck, Ivan Labrie.
Hi Everyone, We are back again, for trying to understand how BTC will behave in near future. Buy when they tell you to sell and Sell when they tell you to buy, else if you do what they want you to do, you will loose profits and they make more profits. Again, I am not doing TA analysis, as nothing will work and most of the time it doesn't make sense in swinging...
After failing at 11,800 USD for the second time Bitcoin has been quickly losing ground. Over the last couple of hours prices crashed more than 1,000 USD down to 9,400 USD. That´s a drawdown of nearly 20% in just three days. Volatility is obviously back since the market has finished its “slowly creeping up” phase. Technically Bitcoin has been breaking down from a...
So I have been tracking this pretty extensively, just haven't posted my findings (which up to this point have been spot on) until now... Why? Because this is such a far fetched scenario, I feel in the rare event this does happen - if I don't have some kind of proof that I caught it before-hand no one will believe me lol... Now, this is part 2 which is the 30...
So I have been tracking this pretty extensively, just haven't posted my findings (which up to this point have been spot on) until now... Why? Because this is such a far fetched scenario, I feel in the rare event this does happen - if I don't have some kind of proof that I caught it before-hand no one will believe me lol... Now, this is part 1 which is the weekly...
Expecting further down movement I'm targeting 0.7690 could perhaps go lower but 119 pips will do for ,e
Your favorite fractal master, Bitcoin Guru is back! Missed you all, really! We have been super busy at Bitcoin Guru after our successful Bitcoin Megabull /Bull Market (almost a year now!). We also have been actively tied up in providing daily trading TA and giving signals on more than 30-40 cryptocurrencies (ALTS and TOKENS PAIRS) to our lovely...