Simple fractal recognition. Identical candle behavior on 1W at the beginning of the historical chart with the current set up. This may possibly mean that the cycle is starting over, which in turn indicates extremely strong bull bias.
With both Bitcoin and Gold rising aggressively over the past few weeks, I thought it would be both useful and interesting to make a quick analysis of the relationship between the physical store of value (Gold) and the digital store of value (Bitcoin).
The GOLD/BITCOIN ratio started off in huge favor of Gold as Bitcoin was still in its early stages requiring vast...
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...
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 $3500.
Then once...
Pattern: Channel Up on 1W.
Signal: Bullish as the price made a strong hold on the former Channel Up (bold lines).
Target: 3.40000 (meet with the ATH trend line (dashed)).
Pattern: Channel Up on 1D.
Signal: Bullish as the price is approaching the Higher Low zone.
Target: 0.188000 (based on the +48.15% Higher High sequence).
According to this indicator it is.
During both of the previous bull cycles when the price touched or almost touched the 0.382 Fibonacci retracement level, Bitcoin pulled back considerably and consolidated until the final (and more aggressive) parabolic bull run.
To be more specific:
In 2012 the price declined roughly -50% upon testing the 0.382 Fibonacci and...
Litecoin is trading on a very simple pattern. On the Fibonacci Channel, every level crossed eventually turns into a support. While this support is provided, LTC is targeting the Lower Highs of the former bear cycle. If this sequence is sustained then the next targets are 185.000 and 370.000.
Today news came out about Binance is no longer allowed usage in the United States, and a LOT of outlets have been spreading misleading FUD. First, Binance will still be available to people in the United States, just on a separate exchange (www.binance.us) that will still function very well, CZ has been planning for this exact scenario. This once again proves how...
Haven't looked into Ethereum for a while and the reason is because it has been trading on an incredibly steady bullish pattern. The price has been accumulating, then spiking to a standard peak, profit taking. Then the process is repeated.
What stands out as the strong signal of an upcoming rise is the crossing of the MA50 and MA200 on the 4H chart. The MA200...
Last week Bitcoin closed its first bearish 1W candle (-7.32%) since April 21 (-2.82%), which was the strongest red candle since February 24 (marginally as this one was at -7.34%, the next one was at December 2 at -17.91%).
So how bad can this be for BTC? A quick answer is not bad at all! Such a formation doesn't hurt Bitcoin's bullish chances, in fact it enhances...
Pattern: Gap filling of previous 1W Lower Highs.
Signal: Bullish once the price makes a full test of the 1D Support Zone after being rejected on the 1W Resistance Zone.
Target 0.18000 (the low of the last 1W Lower High).
Up to this point the current 22 day candle action is identical to the April 03 - April 25 fractal. Similar candle sequence, identical duration, higher highs and low with a support (black) line that never broke. This suggests that Bitcoin is about to issue a bullish spike.
However, if that doesn't happen and certain conditions aren't met, BTC may be "in trouble"...
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...
Bitcoin has been very volatile lately after the parabolic rise made a stop. 4H is trading on an Inverse Head and Shoulders pattern and its neckline has just been marginally crossed.
This is an early bearish signal as it brings BTC face to face with a pivotal Support, the 7600 level. This is were many major Support levels cross paths creating a strong Support...
