Lets draw some lines together. Thank you to ask questions in comments if you are not able to understand the chart by yourself for some reasons. Have a nice day.
Convergence of both these bubbles shows how delusional investors have become. This shows signs that the global economy is in a bubble. There are a lot of signs showing a bear market is soon to come, this is only one of them . Whether there is a melt up before that happens is yet to be seen, however i find it to be highly unlikely
Hi traders, I did not make any update since the last TA i talked about the possibility of a 12h chart death cross incoming. It seems to be closer and closer to happen. How did Bitcoin react in 2014 after the first death cross: a value decrease followed by an important bull trap, then another death cross, that plunged the price of Btc under 500$ for almost 1...
BITFINEX:BTCUSD Hi people! Time to chill on this Sunday, by staying home, and why not having a quick look of what happened to the Amazon.com stock during the early 2000's. You can see that this bubble crashing pattern was very brutal, as we almost don't see any important bull trap. As opposed to cryptocurrencies, you can see that stocks crashed in a slow...
Hi traders, Red flag. As you can see i changed some colours a bit and removed the cup and handle that is now definitely destroyed, forget about it. The formed double top was worse than expected: the second top was lower than the first top. This was the last chance Btc had to escape from the huge downtrend, but it failed. The drop was then much more important that...
You all know how the bubble structure looks like :) So far there have been a few :)
Check out this detailed post below that compares a smaller BTC fractal to the one the price action is experiencing now, which makes a strong case for the fact that the true bottom (for now at least) has been reached. Using the bottom at 6k with the top at 20k marking a fibonacci range, we can see that the top follows the same perfect ratios and combinations as...
The Bitcoin bubble is on a SIGNIFICANT down trend right now. The longs are starting to pick up and its a perfect chance for the whales to push this even further down. This is most likely a dead cat bounce. Look for entry around 3.2-4k for a revisit of previous All time highs. This is congruent with previous BTC bubbles. DYOR
BTC showing more bearish signals with the formation of a head and shoulders pattern. This coupled with the failed ascending triangle (see posts below) that turned into a rising wedge with a triple top in the 2 hour chart. Looks like its due for another slide. My midterm target for BTC is for it to retest 6k again. The correction is not over in my opinion. Just...
Cryptocurrencies have been a prominent theme around the world and have shown that our current paradigm of how we handle money and wealth can be challenged. Besides all the regulatory issues which only play at national level, blockchains have shown they will live further on their own without any authority being able to compromise them. Huge volatility is a result...
Hi, guys! Situation looks like BTC will fall down soon. It`s the natural process of market. We should remember that BTC is not an exception and this time is not different from others because people are the same. We have a lot of negative news now and more ones should occur in the near future. Some might be breaking. Euphoria has ended. Now panic and fear are on...
BTC showing ascemding triangles but refused breakout on the 3rd peak turns into a triple top. A break towards the upside will probably run up to 9-9.5k and a breakdown might see a retest of the support found at 7 and maybe even 6k.
Breakthrough happened on high volume, look for 1st target at 15000 satoshi. Its hard to determine further targets as there is absolutely no precedent with this coin. Be careful and invest conservatively, this is not financial advice, merely my opinion/
As I mention in a lot of my posts, Fibonacci ratios are great for speculative and volatile markets. ACB doing the same things as WEED (more or less). From the top a retrace to 38% from the top (scary accurate) at $7.2 and looking to retrace the correction (second fib chart on the right) in correction waves anywhere around 38% (10.2) (reached already) and 62%...
I wanted to share this because I thought it was cool. A way to recognize consolidation into bullish overdrive. Perfect Fibonacci bounces respectfully 78% and and down to 23% where it narrows further into the fib channel between 62 and 38 percent before breaking through the previous high on high volume. This shows an almost guaranteed bullish momentum follow...
BTC has possibly ended its endless diarrhea cycle to 6k, holding its longterm trendline from 2017 before the euphoria kicked in. This correction has shaken the greedy investors and the maniacs who bought at 20k (it happens, but seriously don't be greedy). THe 4 hour candles show signs of strong reversal. That being said it, could go much lower there is a bear...
So, I have been doing a bunch of reading and watching all sorts of online videos (I'm sure like you all) about the current state of the broader markets and it seems like most are signaling out worrisome forecasts.. What many are mentioning is the correlation between the dot.com event as well as the last BTC parabolic bull-run at end of 2013 that lead to a year...