Always good to look back in time. remember this : Tiscali – Important Italian telecommunications company whose share price grew from €46 (IPO in November 1999) to €1,197 in four months. They fell to €40 afterwards in less than two months and have continued plummeting to well under 0.2 euro. [ Think Tools AG – One of the most extreme symptoms of the bubble in...
On the left is our $266 high in 2013, on the right is our current volatile drop to $166 flipped upside down. A month ago I made a thread about how I believed we were in the middle of a shorting\bearish bubble, posted here: www.reddit.com And today, with our 20\20 retrospect goggles on, we can see that having formed out in the charts. These moves are partly...
We are very close to breaking the long-term trendline. We're either going to fail to make a new high and slowly churn downward again, or we're going start a long climb to bullish targets. Since we already have major baseline support below us, I'm leaning toward the latter If we start to see volume coming in here and the price moving steadily past that...
As we take a step back and look at the bigger picture, you'll notice we're right at baseline support at the bear trap before the big China bubble. I would advise being patient with this one because there are still a number of possible scenarios that could play out. I'm becoming slightly more bullish but still looking for a possible double bottom at $16x. No...
Sorry to disappoint you bulls, but we broke out of the primary uptrend in bitcoin. I applied this A=B method to estimate a ball park (B) for the current downtrend + a possible bottom. This is just my anticipation not a prediction! I only assume something like this might happen if we fail to break out of the downtrend around 300. Check out the volume profile...
The downtrend is not over. I expect a drop down to the last lows to form a real bottom before we can return to the mean. For more detail please look at my zoomed in version of this chart:
A month ago I published an idea called Bitcoin Bubble Retracement: The Most Probable Scenario. Have a look at related ideas. Everything has already become true, but a bit sooner than I expected. Another two succesful ideas were called Update #1 on Bitcoin's Reversal: BITCOIN BULL FLAG and Bats + Bad News + RSI + Support => Reversal? What can I say about this one...
- The trading dynamics since June 2014 display a market under constraint that can't move higher overall. - It is only showing strength within explored price range. - This last leg up reminds me of the Squeeze that we had end of June 2011, the crash occured 3 weeks later.
Positions yourself early for the next tech bubble. Smart money already accumulated in the green range which we are leaving rightnow. Best buying opportunity would be one more of these spikes to the channel bottom.
Hi everyone! Today i've been trying something new! Like everyone knows already i'm expecting an rally within now and a month. To confirm this idea i'm looking all the time for new ideas and strategics to confirm my way of thinking. This time i've been using the gann fan and it looks really beautiful dot you think? The gann fan is a form of technical analysis...
This is the result in the drawing of some free hand trajectories. With names like DanV predicting sub 300 prices as well, and with consideration of the last rise to 680. This might just be the perfect bubble in the making. And looking at it from this perspective, really not that far fetched. Taking the current Fundamentals in combination with relative...
There is a recurrent and long-standing pattern within the spread between these two exchanges. A few months before every "bubble" begins, the spread funnels itself into a tidy channel, which it essentially remains in until the price peaks, though displays no other internal order. There are also clearly other structural self-similarities. As you look back in time...
www.ritholtz.com A good read while the price of Bitcoin is stabilized for now. Spend some time and read this article briefly, and perhaps you might be better informed about where we are right now. Are we still at the beginning of a bigger bubble or we are already poping? I'm not speculating if we'll go down to $100 or $40,000 or not, its up to you to decide as...
We have broken below 600 again ever since we did so in late June. This time was more intense and stronger than ever as it looks like we will end the candle off staying this way. Support levels 590 (strongly tested), 586, 557 and 534 are all possible zones for a battle if we happen to fall lower. Good possibility we either do that or continue sideways unless we get...
Several weeks ago, I posted () a unique comparison of Bitcoin bubbles and how even though the sizes are so much different, they follow the same pattern for the aftershocks and the retracements. As I'm sure everyone has noticed, we are on the verge of another bubble now, and I personally think that the breaking of this $680 level (and accompanying 38.2%) will be...
If history does not repeat, but only rhymes then we are in for one hell of a ride again in the next few months. My theory here is that the rises in bitcoin price are not due to any particular news, it is the increased adoption that drives the price through the alltime highs and the unsustainability of the exponential curve brings it crashing back down. People...
So with some charts I made a few days ago, I had a realization that the Megabubble in 2011 we saw was actually part of a longer cycle that is A) identical to every bubble that came after and B) difficult to see because of it's scale. As far as I have seen, nobody else has ever charted the Megabubble and the subsequent "mini-bubbles" that occurred after in this...
With all the recent movement down I decided to do some sentiment analysis. I figured since people are becoming irrational it was time to look at it. Moving on to the chart. What I am trying to compare here is a few of the key points that we have seen in the market. If you have used Adobe Premiere Pro and tried to blur faces you would know what these key points...