I will keep today's Bitcoin idea short. But before I dig more into it, please shift your attention to this. Do you remember the following idea? So far the pattern is playing out perfectly: Fractal B is replicating the waves of Fractal A almost religiously. What's interesting, is that the price action since August 03 has formed a Head and Shoulders pattern...
This short-term fractal analysis on Bitcoin is based on a combination of MA periods with Fibonacci retracement/ extension levels. ** Before we start, please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** I have used the MA50/ 100/ 200 on the 4H chart. The price is currently rising after a Double...
A lot of traders are panicking over Bitcoin's recent pull-back after the roughly $12500 top. ** The Death Cross ** What adds to their concerns is the fact that the 4H chart just formed a Death Cross. That is when the MA50 crosses below the 4H MA200. Last time that happened on the 4H chart, was on June 18th and after a temporary jump, the price made one final...
A rebounce on the bearish trend line signals a contination of this new bearish trend,,,
I see a lot of discussions about how Bitcoin is too high, rising too fast and needs a correction or on the other side how this bullish wave can continue straight to new highs etc etc. There is a lot of confusion and it is understandable as the short term charts always display BTC's high levels of volatility and the moves are too aggressive for low equity traders...
Our projected 3% drop happened as precisely as any trader can hope for. While most beginner traders look at trendlines and support levels, advanced traders account for higher time-frame momentum and market structures. This lets us make more accurate projections more of the time. Traders can use our algo-assisted strategies to help stay in tune with the...
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...