The current market structure is similar to the entire structure for the past 18 months. Very interesting.
Diamond Top Fulfilling its Obligations as a Reversal Pattern
Confirmation Bias or Is the future of Bitcoin already planned?
Diamond Top Reversal - Diamond top formations are generally uncommon however when they do form they can be a strong indicator for a reversal.
Check out how many trend lines are intersecting at about $13,500. Looks like we hit it tonigh/tomorrow then go down finally.
Hey Everyone!!! Congrats to all who traded!!!! We did it! BTC hit $10,000!!! Super Excited! MACD on the monthly has just crossed.... FULL BULL MODE <3 THIS IS ONLY THE BEGINNING!!!!! EXCITED!!!!! BUY THE DIP!!! REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimize your risk, use a stop loss. Especially in Margin Trades)...
Ok, so I have re-evaluated after mis-calling the top (thinking previously it would have been around 8850ish). I have amended my long term down trend channel (will post a seperate analysis of just that) which coincides nicely with the following resistance at around 9950ish: - Long term down trend channel - May 2018 high of 9950 (red dashed line) - White local...
The recent highs have formed a perfect down trend channel for Bitcoin . As per my recent analysis linked below; we have just about reached the top of $9950. There will be some up and down on the way down; before falling to our ultimate bottom of $1850 where the support of the down trend channel will converge with other key support levels later this year/early next...
BTC has not been able to exit the channel as shown in the figure. There are many signs that BTC will reverse to go down at 9400$ zone and this is quite reasonable when a lot of Altcoins has entered the strong support price that noone wants to sell off anymore. The best scenario for the market (and the best for Whales) is that BTC moves down to the lower edge of...
The unexpected move up and above the long term down trend channel seems more and more like a fakeout. It has also opened up a new CME gap as highlighted in light blue. In addition, we still have the green CME gap to close aswell. Both gaps will be closed by June 30, so we have 2 weeks to clear them. SHORT!
As per my previous analyses - we have been expecting this top for some time. It has now been reached and it is all short from here. Expecting the standard pattern similar to what I have drawn here (but by no means exact!). As we move more into the journey I will update with more detailed price movement expectations as we form more solid down trend structures.
As per my previous analysis; we have now cleared the red CME gap. We will likely retrace to around 8550-8600 levels and range sideways before we hit the very top somewhere around 8550-8600. From here it is SHORT SHORT SHORT!
We can see a re accumulation between the middle and lower bb band,the price is making higher lows and if you look the 3d chart there is a hidden bullish divergence, there is also a 4h bullish divergence and almost all the altcoins just bounced from the 50 D Ma and look very bullish.
Too many updates on my last analysis, so created this new one. All is going to plan if you have been following me. We now have a green bull flag to support the smaller yellow ascending triangle and large pink ascending triangle. We have the red CME gap to close above, and a subsequent retest of the long term purple down trend channel is likely. Will update more...
So the new yellow CME gap has been closed. Next we head up to close the red gap. This will likely take us to retest the heavy resistance of the purple long term down trend channel. Will progressively close my longs from 76XX from 8550 upwards. Have drew the potential price path based on the fractal which is playing out. Get ready to short from the top!
Currently, BTC trend is quite complicated. And we have correctly guessed the first 2 arrows of the previous BTC analysis. However, at the 2nd arrow, I have not seen the possibility that BTC will be completed. And it is likely that BTC will come back and re-test 7500$ once again before rising back to 7900$ Expected date : June 13 This analysis completely coincides...