*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should...
The November 25 Double Top eventually kick-started an aggressive sell-off which so far resembles two recent sequences: the May 10 and September 02/03 pull-backs. The first finished on a -18.60% decline, the second on -19.90%. Despite such sizable declines, both sequences are part of the larger sustainable bullish sequence that started after the March COVID...
The first two facts are that Bitcoins movement is parabolic and unstoppable, Developed by someone that never wanted to be found, It seems as if it was a gift giving to man. Today Banks have failed us all and it is time that the Dinosaur Fiat Antiquated way of transferring value. BIG TECH (not to mention any names we all know who they are we are in slaved to...
Bitcoin is often compared to Gold in terms of "store of value". It has been given the name "Digital Gold". Not only because of this fundamental aspect but also technically it tends to follow Gold's long-term cycles on a logarithmic scale. This is what the current study is about. Before you rush into the comments section without reading the full analysis, I know...
This is a quick weekend update on BTC and why I believe it still has some room to grow before it takes a breather. I have already showed why I have 22k in mind as a temporary top on my recent study on the 4H time-frame (see the chart at the end), focusing on the Fibonacci Channel. The current short update is on the 1W time-frame and uses the long-term historic...
Bitcoin's rise since the late September - early October consolidation has been so aggressive in nature that it brings back in mind the period of its 2017 parabolic run. As I talked about in my previous analysis , we currently see BTCUSD consolidating as a result of hitting the 18k barrier. Below I analyze my projections based on key trend-lines on the chart. **...
BTC continues to break barrier after barrier and levels that seemed unrealistic and absolutely out of the question for some a few weeks/ months back, are suddenly a reality. In fact $17000 is the latest psychological level that broke! Despite the excitement by the crypto community, to which I owe a much longer study, due to the shortage of time I will keep this to...
Hello traders, welcome to today’s analysis on bitcoin, I hope you had a nice week. Today’s analysis will be brief as usual - From our last update, the market respected our forecast and we completed wave y which ended up about 100% of wave x, you can have a look at the previous analysis here. From the current chart, we can see the market is moving fast and got...
In order to be able to have a detailed study on the Bitcoin chart, we drew the chart in logarithm, so that we can have an accurate wave count for it. As you can see in the weekly chart, the price is in a complete uptrend channel, in which the price by hitting the bottom line of the channel has started the increasing price trend in wave 3 from the 5th point. In...
Bitcoin is in Beautiful W Pattern will Hit $16700 in 30 Minutes Time Frame .
Greetings traders and investors. With Bitcoin showing remarkable strength these past few weeks, despite having broken above key long-term Resistance levels (see my past studies), I thought it'd be beneficial to look what the new long-term Support can be based on its historic Cycle patterns. ** The 0.786 Fibonacci Monthly Candle Rule ** I've come across...
Hey! Price of Bitcoin provided a new Sell signal: Bearish Butterfly Harmonic Pattern. This is quite common pattern on the markets, and it appeared earlier this year in August. Technically determined Take Profit (TP) zone located in 0.382-0.618 Fibonacci retracement area of CD. SL above point D with a safe distance, as the price of Bitcoin loves to make long...
It has been quite a few days that I found out about this 'hidden' correlation of Bitcoin with Government Bonds (primarily) and Stocks (secondly). The latter has been well known throughout the community already. BTC investors acknowledge that BTC isn't as detached from Wall Street as the radical crypto minds would like it to be, as in order for the crypto market...
Hello! Here is the Bitcoin forecast for Nov 11, brought to you by Artem Shevelev. For current price action here is what we can see — well shaped triangle and its near resistance to breakout. Common Case for such triangles — trend continuation, so there is higher chances for prices coming up. But history remembers some cases, where prices went against trend and...
This study focuses on two very important underlying dynamics that have been dictating Bitcoin's price action for the past 1.5 year: The Pitchfork and the Hyperbola. This comes at a time when Bitcoin is consolidating after a 1 month rally that broke above the $13865 High of June 26, 2019. So it is natural for traders and long-term investors alike to be in search...
This is a very quick short-term update on Bitcoin's price action following Biden's election win. ** The 4H MA50 ** It appears that short-term buyers who capitalized on last week's strong rise waited for the official result of the elections in order to book profit. That takes us immediately to the 4H time-frame (chart on the left) where we find the first 1 month...
Do you remember the May Channel Up that has long helped us calculate the optimal buy/ sell entries (see below)? Well it just broke to the upside today. Even the March (underlying trend-line) has reached and surpassed with ease the $14300 Target: Even though most people (and rightly so) may think that Bitcoin is overbought on all time-frames, it might...
I will keep this simple and short. Every two simple parameters are filled, Bitcoin starts a parabolic bull run. Those are the MA50 making a new High on the 1W time-frame and trading above the 0.786 Fibonacci retracement level. That happened at least back in late 2012 and 2016. On present day, two weeks ago the 1W MA50 made a new High, while last week the price...