I see btc ready to push up to 12000 region, the price action around this level will be a deciding factor for the second leg of the bearish correction to resume, then we may see a decline in price to somewhere around 10600 or beyond.
Do you remember the following two ideas posted in mid July and mid June respectively? Those where about the "Underlying Trend-line" that dominates the price action and sets up the temp since March. As you see its role as a Pivot Point has worked perfectly and has helped us identify consolidation phases and break-outs. ** The Fibonacci Channel ** At...
Bitcoin hit yesterday my $12350 as suggested on the following idea last week: But what's next? The obvious thing to do is keep following this accurate fractal comparison. For that reason I have made an extension of the pattern. As seen on the chart what followed after Fractal A made its (G) top, it entered into a Channel Down that led to a pull-back almost...
Bitcoin is on the 4th straight green week after breaking through the May-July consolidation. The key development of these past weeks was not just the crossing of the $10500 level which has been a Resistance for 11 months, but also the Lower Highs trend-line since the December 2017 All Time Highs (ATH). ** Before we start, please support this idea with your likes...
This idea is based on the notion that the dominant pattern of ETHBTC since the 2017 All Time High, is a Cup. As you see on the chart, we should be past debating whether or not the market has made a bottom as the price not only broke above the 1W MA50 (the blue trend-line) but is also about to test the 1W MA200. That brings us to the essence of this idea, as near...
Following my recent series of short-term predictions such as the one below, I have come up with an interesting pattern, which if it plays out can push Bitcoin to $12350: As seen on the chart, the current price action (since the rise that started on July 24) is identical (on a smaller scale) to the sequence from late April to late May. I have clearly pinned...
On March I published the following idea, that Bitcoin's underlying pattern was a Channel Up: In my opinion, that made (and of course still makes) perfect sense, as after the previous Bear Market ended, BTC is in search of an accumulation platform to take it to the next parabolic Bull Phase. On May I updated that idea, calling that the consolidation at the...
Unlike what I usually publish, this is a very short-term idea on Bitcoin on the 4H chart, where I see the following: - A strong accumulation zone in the form of a Channel Up, where the price is mostly consolidating and buyers are accumulating. - A Support Zone (green region) which has been instantly and very aggressively bought twice. - A Resistance Zone (red...
Bitcoin reached the $12000 Target level I set on my previous analysis with relative ease as it followed this fractal shown below: What's next? In my opinion and based on all relative trend-lines involved, it is the $13900 Top made in June 2019! ** Before we start, please support this idea with your likes and comments, it is the best way to keep it relevant...
I've published the very same pattern back in December 2018 when the previous Bear Market was at its lows and while everyone was panicking, called for a potential Bottom on Bitcoin and a Bull Run to follow. Why? Simply because of the Litecoin break-out relative to BTC. As you see on this very simple chart, every time the LTCBTC pair breaks its Lower Highs...
At the beginning of the month (which I followed with an update one week ago) I posted the following idea that Bitcoin was trading within a Channel Up since the beginning of May, stressing that this was by far the more reliable pattern we would get: ** Before we start, please support this idea with your likes and comments, it is the best way to keep it relevant...
The weekly chart shows very good momentum for BTCUSD at the start of this week. However with RSI entering overbought territory we may see some consolidation at this level during the week, setting us up for a major upswing in the following week.
BTCUSD has followed our green arrow projection, but Team Sparkster thinks price action may accelerate as the weekly candle comes to a close. Next week... early... we may see a $1000 candle. Got your signals ready? Just saying.
This is a very interesting pattern. It follows Bitcoin's price action from the December 2018 bottom until now on the 1W chart. As you see excluding the candles that pushed BTC above the Channel (LIBRA euphoria) and below the Channel (COVID panic), the price follows a fairly well structured Channel Up. Interestingly enough, both anomalies outside the Channel were...
A lot of talk is being done lately about what most people will be the next market high: $100000, but more importantly when. I will keep this idea simple, as simple is the application of the Pitchfan tool on Bitcoin's historic cyclical run. The top end of the tool is put on each Cycle's peak (the top of the Bull Market) while the other on the low (the bottom of...
Hi guys, I hope you are all fine. I have tried my best to mention all the things using only candlestick analysis and trend line analysis. IMPORTANT POINTS: 1. 23 July CandleStick has rejected from Fibonacci Level 0.5, which indicates a strong signal for reversal. 2. Candles have broken the Triangular wedge causing it to breakout. 3. Accumulation of 25 days...
A drop of 5% would suggest an extended drop, however based on momentum turning positive on weekly time-frame and cloud support visible on 3-day and also on 1-day charts, Team Sparkster is feeling a little more positive about bitcoin direction. At this point, it would take a big dose of bad news to push prices down. With a 12% target and 5% stop loss, the risk...