Bitcoin have ever since 2017 September, when the actual bullrun started, followed a certain pattern. This is a pattern of a bubble, and the closest resemble to the BTC chart we have is the dotcom bubble. If you compare them side by side you can see BTC is following the dotcom patten exactly alike. This makes us believe it will continue to do it, and if that's the...
Alright Ladies and Gentlemen, as expected, the bounce from 6.500 $ towards 7.400$ was nothing but just another bull trap. We had decreasing Volume and an increasing price. Nothing bullish about that to be quite honest with you. There were multiple resistances at 7.400$ as you can see (Red downtrend channel). Right now, we are moving under July's supportline. A...
It makes already 4 months that bubble is imploding and we are now approaching an important zone for the trend of BTC in next months. This graph isn't a logaritchmic one but it doens't change anything. The first important thing to develop is that BTC is near the important zone that will determinate if it's going down or up. We just knew a bounce on the support...
Potential wave count and Fibonacci levels for ETH short.
Trying to count waves and get the Fib levels right.
A slightly revised version of my previous idea (linked below). It goes to 2.8k :-( :-/ :-| :-) Basically the same as my last idea, except I thought I would throw the 2016 channel in there. Strangely, the lower trendline of the channel matched my "low mean" almost exactly. Hmm. I zoomed in on the 2014 decline from top and it's interesting to look at...
We are on the last wave of the bursting of the bubble, the most longer one... Recovery around End-May/June for me .... Be patient =)
Bitcoin was the most amazing bubble in known human history, starting off from essentially $0 and topping out at $20000 with everybody and their grandmother trying to find the geek of the family to find out how to buy Bitcoin in exchange for shepherd's pie. Can you say.....REKT? :D Bitcoin surged on news of Chicago Mercantile Exchange CME introducing cash...
BTC was in a rough spot retracing to 6,000 in February, it has now recovered almost 100% of its fall to the downside and is tetering on breaking out. A short torm goal from a 11.7k breakout is around 15k. Crisp long play if there is a short pullback.
Say what you want but...
Ok, I'm going to be honest, there isn't much new here, you've all seen this. The chart is a weekly VWAP chart of BTC, and linked below is the the famous bubble bursting chart. www.thorinvestment.com IMHO We are just starting to enter "Fear" What are you're thoughts?
S&P500 parabola is violated, so a classical retracement would take it to 80% (classical charting from Peter Brandt, I recommend), I spotted a bearish sign on the RSI (decreasing RSI, increasing price). EMA 200 was acting as support but I m not very hopeful. The current parabola trend and its violation look like the parabola violation in 1929. In addition,...
As I said In a previous analysis....what if we were in a different phase of the bubble? Here is the drawing of my idea of the bubble. When everyone was calling the "bull trap" at the 17k level I was a bit skeptical. The real bubble bull trap is now. And then the bubble pattern is complete
I tried to count potential Elliott waves up to the final price range that according to this variation should be in the 2800-3200 $ zone. According to the count and fibonacci levels, we could see 6300-6700 zone as target no. 1, 4850-5050 zone as target no. 2 and, of course, 2800-3200 as the final target. It might take months to wrap up the slowest fifth wave, but...
On my last update, I said that I could imagine a bull run much earlier. Now I have changed my mind. Many authors on TV have presented the ideas with a falling wedge. For a short time I had the same idea, but I noticed that it will not work with a very high probability. The target of $6500-6200 remains, which I already had as a longer target. From that point on,...
Bitcoin is on the brink of dropping out of long established logarithmic bullish trend. This trend has continued for about a year and currently we are seeing price levels continuing to drop below the support lines. So far upper trend lines have acted as support for newer and stronger bullish momentums, setting up stronger and stronger bullish trend - price would...
In this variation of my most recent chart we see that the downward pennants (continuation patterns) are playing out and the price has finally broken the neckline of the Double Top. This validates a downward breakout. This should have triggered stop losses if you hadn't sold already. In addition to the neckline being broken we also see that the crucial 50% fib...
Looking at past history, we can see how this bubble maker will move into the future.