Bitcoin is now next to making the 0.382 Fibonacci retracement test (ATH to 3150 bear cycle Low) and one thing has shocked the crypto world more than anything. The considerably shorter time it has taken BTC to do so compared to the previous two cycles. Few expected such a strong and continuous rebound since the 3150 bottom. Is this right? Since most researchers...
BTC's last bull market can be adequately broken down using the Fibonacci Channel as a Phase Marker.
During 2015 the 0 - 0.236 Fibonacci band was used as a Support.
Similarly in 2016 the 0.236 - 0.5 was the Transition Phase from the Bottom to the start of the new Bull Market, leading to then Bullish Band (0.5 - 0.786). As Bitcoin's historic price action has...
Before claiming that it is pointless comparing Bitcoin to Gold take look at the charts below:
On the first chart, the $9000 mark has been hit purely...
Last week Bitcoin closed its first bearish 1W candle (-7.32%) since April 21 (-2.82%), which was the strongest red candle since February 24 (marginally as this one was at -7.34%, the next one was at December 2 at -17.91%).
So how bad can this be for BTC? A quick answer is not bad at all! Such a formation doesn't hurt Bitcoin's bullish chances, in fact it enhances...
Although the Fibonacci Channel says it is, since the price is currently on the support, Bitcoin's historic price action shows that the parabolic curve will continue to dictate the direction, until it breaks (either way) or becomes asymptotic. We can't yet confirm those scenarios.
What we can confirm is the behavior before each Halving. Halvings tend to initiate...
Bitcoin broke through the final MA barrier (1W MA100) and even crossed over the Historical Parabolic Accumulation Curve. This is a very significant development as it this curve has been used historically as a strong buy zone during the distribution phase before every logarithmic bull run. Doesn't this mean that the new bull market will be even more aggressive than...
The markers were there regarding the importance of this first strong Resistance and gave hints on how to trade it:
You were also informed of how parabolas tend to behave during bull...
This is the standard BLX chart used to track the candle patterns of Bitcoin from its early stages.
The pattern is parabolic and that has been discussed more than enough here. What I want to emphasize most with this analysis is the support provided by the Green Zone.
As soon as the price enters this Zone, Bitcoin makes a bottom, never breaks it, consolidates on...
On this analysis I compare Bitcoin's two most recent cycles: the 2014 - 2016 and the current one 2018 - 2019.
What stands out is that even though they both followed the same trend line (i.e. after the peak the bear market followed, a bottom was made on the parabolic curve and then the new bull cycle gradually started), they tend to diverge at some parts, only to...
Much is being discussed over Bitcoin's recent hyper aggressive rise. It is beyond any reasonable doubt that it is a strong confirmation that the new Bull Market has started. Backed by strong fundamentals, this time can be different, more aggressive and unpredictable.
It is interesting however to keep in mind how such parabolic movements typically end up. For...
Now you might think I'm a little crazy... well your wrong I'm a lot crazy ;p
We can see price is at a strong resistance level and we are expecting price to bounce off this level and make bearish movement down to our TP and support zone before bouncing off this and making bullish movement up to that 10000 mark I mentioned a few posts ago... your welcome.
Now...
Well it is true. Both targets are possible even on a short time frame based on my latest analysis.
Yesterday we had a very favorable development on the short term price action. Bitcoin broke the 8200 4H Resistance and is now testing the 9000 level. This is the Resistance on 1D which if broken opens the way to 10400 initially. The second bullish development was...
Up to this point the current 22 day candle action is identical to the April 03 - April 25 fractal. Similar candle sequence, identical duration, higher highs and low with a support (black) line that never broke. This suggests that Bitcoin is about to issue a bullish spike.
However, if that doesn't happen and certain conditions aren't met, BTC may be "in trouble"....
This strong pull back the moment Bitcoin broke the 9000 barrier has many worried. But should we be? In this analysis I point out which levels we need to watch, and if they hold, are able to sustain the aggressive uptrend that started in early February.
First we see that in the course of this Parabolic Rise, every time BTC pulled back from a peak, the Support line...
I have attempted to break down the current 4 month parabola into a strong sequence of patterns and what stands out is the Ascending Triangle.
Before each aggressive bullish candle sequence within the Parabola, BTC consolidated roughly within an Ascending Triangle formation. When that Triangle broke upwards, an aggressive new Top was made.
Assuming that each...
Bitcoin has been very volatile lately after the parabolic rise made a stop. 4H is trading on an Inverse Head and Shoulders pattern and its neckline has just been marginally crossed.
This is an early bearish signal as it brings BTC face to face with a pivotal Support, the 7600 level. This is were many major Support levels cross paths creating a strong Support...
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