Regarding my last update from Feb 24 an upmove was not surpising for me. But i didn´t expect this 1.000 $ moonshot.
Is the bear market over now? The bulls took an advantage and "killed" a lot of bears, we broke the strong resistance
with a mega candle, but we didn´t neutralize the dump days from nov 18. I think we have to be careful now and
should not buy in...
Roadmap for BTCUSD (BITCOIN) for upcoming years
Everything is down below.
In my eyes, we haven't bottomed yet, but we will soon see recovery mode on Bitcoin and thats what
we waiting for, aren't we? Let's make some discussion guys.
Past Bullish Ascending Triangle Resistance line to the recent ascending channel's support line. As price reached it on August 2015, it lifted into an uptrend. A new bullish pattern could form soon with target to the past resistance ...(can use Fibonacci extension levels from the Fibonacci Retracement tool)... that came after the support of the Bullish Ascending...
As we predicted in our previous analysis we didn’t fell below $5800. You will find this analysis down below.
We are currently in a weak uptrend. Still lot’s of uncertainty on the market mainly due to lack of regulations.
There are some good news regarding above mentioned.
According to Korea Times, a number of lawmakers across all political options want...
breaks the support level and closes below it
or break the support level but that closes above it.
Right after the bear trap candlestick forms, price tends to move up.
A bear trap chart pattern is a bullish signal.
This signal forms when price hits a support level and pretends to break it only to reverse and head up.
So you should be looking for a bear trap...
Bitcoin had no single correction so far as trying to breach 10500 resistance line, starting "run" from 8800 and forming triple top (maybe quad as well) which is absolutely one of the bearish indicators.
As obviously having problems to handle with 10500$ resistance and pumped 200-300$ over, trying to "leave an impression" of being absolutely bullish by any...
Tightening equilibrium pattern on BTC. Getting close to a flex point. Must see a break. Saw Bulls attempt a breakout today. However, lower highs returned. Still, BTC is currently in a healthy consolidation after morning bull break.
BTC needs to get over $11,690.00 for clear Bull Break. $10,853.00 and $10,850.00 is a double bottom.
IMHO, BTC setting up for a...
Update on Bitcoin projection after the current drop off. The last week or so we've seen an inverted C&H formation lead to the crash to the lowest lows we've seen in a while.
However, if you look at the chart, you see that Bitcoin was bullish with a bullish flag forming, but that bullish flag changed into a bullish pennant. This is a large bullish pennant and...
IMO BTC will face a big test through the next $1500 rise in price. It looks to me like there is significant resistance from about the $16,000 area up through the $17,500 area.
I believe if BTC can push above $17,500 and even clear $18,000 it will have built enough momentum to return to $20,000 in short order. I would also really like to see the volume building as...
The past few days have been quite booming for the altcoin market, which makes me think about the tides of the seasons.
A lot of people around the world have spent their holidays with their friends and family, and I can imagine a lot of conversations would be about Bitcoin as it has been getting a lot of attention in the mainstream media lately.
I can only...
Looking over semi-long term trends of Bitcoin values. Here I compare OKCoin 3 month Future price projections against Coinbase actual price 90 days later. This shows us that futures are predictably lower than actual achieved values 90 days later. The net difference between the 3 Month projected price and the actual price is 469%.
By projecting the same 469% out...