Huge bearish divergence forming on 4Hr. BTC Overbought on daily for the first time since December. BTC Dominance at all time high since 8 months. Alts bleeding hard, everybody selling to put money in BTC, making BTC break important key levels, to make people think bull run has started. No retracement since the completion of inverse H&S. People buying...
Every index fund will need to sell GE and this could create an opportunity in GE as price is near sellers exhaustion which could lead to capitulation. Although this would be a multi year hold, the fact that the Dow capitualted could open up for longs.
If the flat phase happens this summer a bull market is likely at the end of 2018 and early 2019, and if big fundamental changes happen in the crypto-space (that could fasten crypto-adoption for example: fiat pairs on major exchanges and the removal of Bitcoin pairs, fiat gateways through tokenization, crypto-exchanges for tokenized traditional assets etc...) a...
Blow off top in 2017, need to have capitulation yet and have even hodlers doubt themselves feel long, intense pain and want to die, then "slowly" (relatively) build back up to just go parabolic again to 100,000+. Upon reaching 20,000 again I wouldn't doubt a sell off to 15,000 but then shoot to the moon, maybe 500,000, then crash to 50,000, rinse and repeat.
1. Starting with the big picture, and no indicators I drew the path based on simple visual balance and symmetry. It looks to me bitcoin is currently drawing a large equilibrium triangle. I think of this as fading echoes from a dramatic wave up then down. Almost like a seizmagraph or an audio wave after a sudden percussion. These echoes are getting smaller and...
BTC is currently fighting it's way up and forming a rising channel. I'm personally expecting a pop up within the next few days. History loves to repeat itself. That's why I expect the upcoming upwardsmomentum to be the final leg up, before we have capitulation taking place. Notice how during March the exact same channel has been formed after price boomed to the...
To be straight forward honest with you, I did not expect BTC to reach 7k before the major leg down. But there are two important things I'd like to talk about. 1. Notice how on the log scale we didn't even break through March's downtrend. Remembers me of the time when BTC broke through December's resistance on the auto scale, everybody was bullish and nothing...
Great evening everybody, yesterday I made a recommendation on when to short BTC. Everybody who followed my advice should have made some money. Enough of the self-praise though, let's get to the analysis. By now you should notice that the similiarties between now and 2013/2014 are NOT neglectable. It's pretty obvious that BTC is moving much faster...
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...
Following regression channel nicely. Capitulation, no reason to buy as of yet. Marked possible targets for reversal.
There won't be any lambos. Only pain misery and destruction. No, the institutional investors are not going to come into a bubble and throw money at the herd. Bitcoin is now sitting on the weekly 50 MA. It's all that's left truly holding Bitcoin till ~3000$. There's always the possibility of a whale pumping the price, that would be the best place to enter...
Similar to my post in ETH. Looking tot hold this channel. $6000-$5500 current price target. Will try and update with more later. Likely still days/weeks away, but it's coming. This option would invalidate my A&E double bottom theory with a new low. Buckle up friends.
I love to boil things down to an essence. Everytime BTC broke through one of the white support lines, it took an average of 6-7 days to achieve a new spike low. Thus I expect BTC to retest 5.8k$ in the course of the next week, forming a double bottom. Stoch RSI is moving within the oversold range, so a bounce from there is not to be excluded. Anyways, I...
Uh uh Tron been in the same area for a while. Doesn't mean we can keep buying at the bottom and sell at the top. Some people have been quite persistant, they knew you'll get rich just by "hodling". How do you get rich thought if no new people ever want to buy something? When the fear truly kicks in it's going to drop faster than a noob that wants to get rich...
YOU CANT KILL BITCOIN 3/18: $7500 on the weekly chart. i don't see us falling much lower although we might get wicked down there. Then a nice increase on the weekly up to $11.7k, even breaking the strong downtrend line develops from December. At this point, we'll see true capitulation-- as we see bitcoin "die" down to $4k, even wick down to $2600 area. "Be...
After seeing Bitmex take in the highest volume ever recorded while #Bitcoin went on a six-day red streak, we've appeared to bounce off diagonal support and range support on the RSI. Seeing a potential falling wedge there, I'm betting we hit just above 8K and RSI range support once again before moving up and really attempting to puncture that diagonal resistance level.
Bitcoin is nearing a critical point. One of the key elements of this TA is to view the chart on a Logarithmic Scale not Linear. If you right click in the right hand scale and select log scale it will toggle the scale type. The yellow trend line(TL) is taken from a weekly chart. Price has remained faithful to this trend line but many traders still may be...
We're spending too much time below $12,000. If we don't reverse by tomorrow or end up with a lower low, watch out for 7.5k.