$BTC #Bitcoin in a clear secular bull trend happening here on the log scale. If considering a relative time frame extrapolating previous data, I can see Bitcoin continuing trend to making $100,000 value by next year.
It sounds absurd until it happens.
The BTC is consolidating in the ascending triangle which could be the right shoulder of the iH&S pattern.
When would be possible to break this upper red resistance zone, then this formation may be easily our lift to 9600 USD.
Time before we could see what power this formation has.
As BTC gets closer to the essential MA200 test supported by the MA1400 on 1D, I have come across a new support level level, which has been missing from key analyses out there.
It is known that the Halvings historically signal the start of the new bull market on Bitcoin that escalates into a parabolic run. What we have been missing is that since the Halving the...
This study shows key trading levels using the the Pitchfork tool.
We see some clear patterns from the median lines that create a Channel Up pattern. This pattern's Higher Highs (December 2013 and December 2017) have 0.75 Median difference. If the same scale applies on the Higher Lows we can assume that since the January 2015 Low was made on Median 1, then the...
We are seeing bullish divergence on the daily RSI and macd looks as if it can push a bit higher. The key to this Technical Analysis is Elliot Wave, I see the fifth wave, which in theory shouldn't be longer than the 3rd. So Maximum projection at 0.41usd. Good luck!
Jumping straight into it,
BTC is currently trading within its descending triangle/channel, but looking to retest its overhead resistance at the $7,500 range. This sudden spike in global daily trading volume from 10b to over 20b is quite absurd.
Nonetheless, it remains to show if BTC has the momentum to keep charging upward. But if history repeats itself, it...
As BTC approaches previous Support/Resistance @8750, the 50Fib AND the 1200 EMA things are going to be bulltastic. I say this because I am expecting the bulls to force this market like they have since the push up from our previous $6k range. I'm betting that they will punch the buys up through the 1200 EMA and multiple levels of psychological and technical...
Was feeling bearish , so put this together, let's go $100k! Not too far off too, end 2018 from the looks of it. I should be charging for that much optimism hahaha, donations are more than welcome.
Three peaks previously at $200, $1k and $600.
Possible next round at $20k, $100k and 60k.
BTC has bottomed out as it seems with the help of yesterdays bloody monday across everything finance and the now past SEC hearing on cryptocurrency.
If you missed it the SEC hearing was positive. Time marked on chart.
So from its bottom out BTC is following a new bull trend with clear fundamental skys - not a FUD cloud in sight.
Marked in the dotted red are...