Hi, I would like to share My positioning on this BTC Price Action.
Shorts from 10700-10850 With a Target to the EMA 200 At least.
Some people were writing to me what those purple lines are. They were critical points on 2017. Now, Is a different time, price moves quicker but still levels of those critical points are important.
Note: This pattern would be...
The price of bitcoins has declined. This was a confirmation of our guesses about a possible decline below 9000.
We have adjusted the wave map and at the moment we expect a continued decline to the level of 8800.
For purchases, we recommend expecting good confirmations.
At the moment, bears rule the market.
Today we published an overview of one of...
A large triangle continues to form in the wave (4) - (intermediate).
We revised the internal structure of the correction.
As before, we consider it relevant to purchase from the level of 9500-9100.
The target level of the senior wave (5)-(intermediate) is above 20,000.
So it seems that BTC is not doing the gold chart fractal. It is now almost certainly ivalidated.
Instead, it does what it always liked to do best: Long plateaus after a small pre-rally.
This rally from 3k to 14k was really similar to the one in mid 2012, and the one in late 2015/early 2016.
And every time after such runups, btc like to relax for a long...
A quick comparison to 2012 shows that BTC will probably go sideways for a long time, and could dump down to the 9000 area.
It will probably hit the weekly middle bband at some point, as back in 2012.
This would also align with the halving timing, and the stock flow model, etc, showing the ATH to be reached in 2021.
Should it now suddenly pump and go past 13.9k,...
As the famous Turkish economist Ali Karakas explained the 818 rules with Einste's theory of relativity, I tried to capture the Bitcoin cycles based on Tesla's favorite number 9 , which I included in this strategy, in addition to the Circular Numbers of Fibonaccin.
The weekly candle closed as a classic reversal candle with long upper wick & very little lower wick
on an extremely high volume. The shape of that candle is not good at all and signals buyer exhaustion.
Look at that wick. Have you ever seen such a long wick relative to the body? Actually YES!
Let's have a look at the week of February 5th of 2018. And pay...
Bitcoin has surprised everyone recovering from 3k to almost 12k this fast, what's scary is that a lot of people start talking about 20k in monh,week or days !! yes it is possible but it would be totally crazy seeing this, let me tell you why.
We have seen bitcoin going nuts in 2017 but there was FIRST few years of slow uptrend/accumulation and than TV,...
JOIN THE CHANNEL! A POST WAS MADE LAST NIGHT ABOUT THIS BULLISH DIVERGENCE!
In yesterday's post I entertained the possibility of the current price action recreating January's bottoming period. I was expecting the same thing to occur. That is, support over the 1st bull flag formation. As price approached this area marked by the circle we saw...
Does volume precede price? Well, let's see how this goes in the long-term.
Bakkt was a total failure volume-wise.
Bitfinex & Tether risks a 1.3 Trillion $ Lawsuit
Binance copy-paste Bitmex then, affirms that Binance accepts AliPay, AliPay denied and signs of government corruption are pretty high.
Tether keeps printing unbacked USDT and their project LEO is...
this is my medium + short term TA for BTC
I posted the main supports and resistance taken from my long term TA for BTC using monthly chart.
You can read the long term TA for BTC here
for this chart I am using 1D chart to show the expected moves for BTC.
For 15D btc was in sideways ...
This is my long term TA for BTC I did 2 weeks ago.
The dotted lines are the main trend lines of BTC.
As you can see BTC got rejected at 14k touching the trend line and the top of the BB and .65 fib level.
We can see BTC likes to play very well with Fib levels.
I am going to explain this chart in somer parts.
Using the BB indicator we can see BTC reached the...
I've labeled this as "neutral" because I don't want to lead anyone into a bad trade and also because I stand by my standard pre-emptor: BITCOIN CAN ALWAYS GO IN EITHER DIRECTION AND THERE WILL ALWAYS, IN RETROSPECT, BE A TECHNICAL ANALYSIS-RELATED EXPLANATION/RATIONALIZATION FOR THE MOVE.
That said, the full-lifecycle Bitcoin chart never ceases to fascinate and...
Yesterday move was unable to hold above the OMID line and staying within the 2 descending triangle, which i got marked out in red, from the first descending triangle breakdown from 10k.
We also have a death cross forming on the 20MA -- Day crossing over the 200MA - Day, looking very bearish.
A weekly Close below the OMID of $8190 is a good confirmation going to...