Due to the price difference on exchanges, a lot of the attention lately is being drawn away from what matters most. Is the worst over for BTC? Has the new bull cycle started?
With this as motive, I thought it would be productive to accumulate the strongest long term bullish indicators on Bitcoin. And I have come up with a combination that has never failed on its...
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...
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...
Comparing Bitcoin to Gold?? That can't give you any meaningful trade indication can it?
Well first of all look at the perfect buy signal it gave back in December, which I posted in February, on that +33.50% bounce from the low. Right when everyone was wondering where the bottom was, "Should I buy?", "Is this going to $1000?", "Buying on a bear market, that's...
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...
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...
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...
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...
This is just a quick update on BTC's current stress zones. The outlook after Friday's sell off is a High Volatility zone within 6855 - 7455 where the price is currently consolidating. A high volume break above or below this zone will set the direction for the next 48 hours.
Notice how the supply channel started on April 25th has provided support so far on more...
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...
The Bitcoin - Gold road-map (the Golden standard as many call it) holds firm! Their parallel course continues but traders continue to turn their back on it. Why ignore the BTC-Gold comparison when it has been 100% accurate so far?
First it predicted the market bottom and the subsequent early buy signal based on it when the price was still at...
This is a 1D analysis on the short term price action of Bitcoin as it prepares to test the 10000 psychological level.
As we see it is trading on the neat Channel Up since April with buy signals on its Higher Lows and exits on the Higher Highs. Every time it makes a Higher High it consolidates inside an Ascending Triangle that ultimately leads to the next bullish...
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...
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...
This is a quick reflection on Bitcoin's Fibonacci Channel's within its long term parabolic growth curve.
In the two previous cycles, the price touched the -0.382 Fibonacci retracement level before it rebounded. This marked the end of that market's bear cycle and that bottom gave way to the new bull cycle.
This time it hasn't done that (price touching the -0.382...
Well the title says everything so I might as well make this analysis a short one.
BTCUSD is rising aggressively having almost filled the Gap from November 2018, when the final big drop took place. It is now about to test the MA100 (black) on the weekly chart, which is essentially the final bearish barrier before it starts rising and never look back.
If the MA100...
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