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DISCLAIMER:!!!This is not to be considered financial advice is my personal opinion, always do your own research before entering or exiting trades as i will not be held liable for any of your trades!!!
Bitcoin Cash price on Friday is on the back foot, down in negative territory by some -2.5% in the second half of the session.
Next major target for the bulls will be for a return up to the $400 price territory.
BCH/USD Breakout and sable 303 level Buy this position first target is 331 level next target 340 Area and final target is 400.
Technical...
Good day guys
As you can see ETH/USD tried to break up the median line of pitchfork twice which failed both attempts and then a drop and beak down of lower band was imminent.
After breaking down the lower band our genuinely designed strategy FSMM Signaled short with a timing close to perfect.
for those who do not want to take risk you can wait till we break down...
Despite the fact that Bitcoin has (most likely) reached a bottom, the bear market hasn't officially ended. Although traders call the current phase the "Accumulation/ Distribution" stage, it is still an extension, even though the final one, of the bear market.
So where does the confirmation of the new bull market comes?
I tried to pinpoint this using the Mayer...
Don't tell me I didn't warn you on March 8th about this first break out! The fractal was there:
However, those who missed this week's huge spike on Bitcoin shouldn't worry. Based on the 1D RSI another pull back should be coming soon.
As seen on the...
Well you can't say you weren't aware that today's red candle was coming. All the signals were there and I tried to put them into context for you:
Either with the 1D RSI
- or -
The 1D MA200
Today is no different and I have another indication showing why I am waiting to buy more lower ahead of the new bull cycle.
On the 1W (weekly) chart, the RSI reached 58.000...
The similarities between the 10 September - 15 November 2018 and the 01 February 2019 - today price actions are more than visible. There is a very high chance of the pattern repeating itself is the 630.000 Support breaks. The target would be 365.000 where long term investors can buy again for the next bullish leg.
BTC has just seen a weekly push up, near enough an Marubozu, at which point BTC was over valued, hence the indecision candle of last week 08-04-2019. This week we can see that BTC has come down to test the supports:
Daily 20 day Moving average
The 1 and the 4 month 10 Day Average
The 2 week 20 day Moving Average
And the weekly Upper Bollinger Band which...
After my last BTC idea on a possible 30% pull back attracted extremely high interest, I decided to post yet another analysis showing why a pull back at this stage is much more likely than an extension of the uptrend.
Based on a fractal comparison with the 2015 price action during the accumulation stage after that cycle's bottom, we see that the price crossed the...
Similarities of now (2019) and then (2015) showing that the bottom is already in and after some months of consolidation we will start seeing higher and higher prices.
* RSI 2019: the RSI peaked at 96.2700 on the ATH then dropped to 43.800, near the level it is currently consolidating. The bearish MA cross took place with the RSI at 53.550.
2015: the RSI...
Journal Entry #15
Bittorrent has been one coin I've kept my eyes on. Patience is surely what this coin takes to make eventual profits.
We're almost fully corrected back to support of 12 sats. We've hit 13 sats and could potentially hit the 12 sat region again. However, we can "know" it will go back up at some point. So accumulation from the 12-14 sat region is...
I am trying to compare two sequences.
The first from February 6th to November 13th 2018. The pattern was Lower Highs (if you remember each high was on 0.618 Fibonacci from the previous one) and the 5800 - 5900 level supported this consolidation until it violently broke down - 50%.
The second is the current pattern. Higher Lows from November 28th 2018 to today...
Every time DOGEUSD retraces below the 0.382 Fibonacci level after a 1D bull run, it pulls back completely, filling the gap 100%.
Why should this time be any different? The bear market on DOGECOIN lasts longer than the average crypto market anyway, so I am expecting 0.00200 next and then a rebound to 0.00300 for the new top.
Well don't blame me about the recent spike. You were warned on March 5th when I told you to buy at 4.226 on a perfect fractal recognition and target 6.500. Well ETC took off right after and touched 8.000 even!
Another perfect fractal has been spotted from the 2017 kick start...
This is the standard BLX chart used to track the candle patterns of Bitcoin from its early stages.
The pattern is parabolic and that has been discussed more than enough here. What I want to emphasize most with this analysis is the support provided by the Green Zone.
As soon as the price enters this Zone, Bitcoin makes a bottom, never breaks it, consolidates on...
Don't get carried away by the recent price action. XRP is simply copying the pattern of the 2015/ 2016 cycle. Based on that we less than 5 months away from the next mega bullish break out that has first target the previous All Time High.
Keep it simple. It is a cyclical process.
A Total Crypto Market Cap chart with the 1W MA20 showing the points of pressure/ contact and the subsequent action.
Three contact attempts (red arrows) with the MA20 resulted into a rejection but the third has been the key as it took place after the bottom. This signals the start of the consolidation period that lasted 31 weeks. The next contact resulted into a...
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