Bear in mind that it is likely that we are going to see a bounce of the whole market in the coming weeks. However, this is a long term potential road map.
We are looking at Bittrex for longer price history. I have separated the history in cycles each lasting around 344 days. The beginning of the first cycle is not the actual low but is just where Ethereum enters ...
Last cycles until full correction, my view on it using fib fan levels and fractal. Now let time fly to see in a few weeks how this played out...
After posting this idea I was looking at it and something didn't feel right... on the image below there's the adjustment I've made on the fractal to get higher highs (and to fit with mid range levels ((lines with ...
When bitcoin passed below $7000 it really put price into a new position. And breaking below $6500 also confirmed that we in danger of lower prices.
It's not too late to catch support and rally from here. The market can do anything. But its not ideal area for a major low.
My goal here is to step back and look at a weekly log chart and really try to digest ...
I have analysed 6 Bitcoin Cycles Since 2013 and found some interesting facts which relates to the current situation and the future.
1. We had 3 Triangle Correction Patterns and 3 Zigzag Correction Patterns. Triangle pattern or ABCDE correction completes near to the Support line drawn from the start of the Cycle. Same happens with the Zigzag correction pattern
2. ...
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
Indicators used in this forecast are PRO Sinewave & PRO Momentum.
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
If you want to learn more about the basic rules to trade with my indicators here's ...
Dollar Index is at Downtrend don't forget it! Also Time Cycles are so obvious!!!! Time period is 16 years. It is time to short US Dollar....Big investor said that time rhymes.....For long-term short US Dollar...News are for losers!
Hi,
just a quick update of where I think we are right now in the grand scheme of things.
I see a lot of 2014 fractal similarity charts, but imho most are wrong. They are much too fast, and predict the bottom of 3k already in a few months. That would be insane, since the halving in June 2020 is still 2 years away.
I only see a new rally possible shortly before ...
A long term plan the current bubble we find ourself in, and exactly where in the cycle we are. Short term is long but we must be extremely careful!
A side note: after the next deflationary crash, cryptocurrencies will be hit hard, buy them when they are very cheap after the crash.
Hope this idea will inspire some of you !
If you want to see my chart more closely, click the share button below that video.. You will be able to have access to the chart used in that video.
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum.
You can check my ...
Super-Long Term View of World Markets
Back to the Source
The Daddy Cycle
The Faangs (+ Microsoft) make Nasdaq run.
Nasdaq in turn makes the SandP run (but not the Dow which is internationally based).
The SandP in turn makes FTSE and Dax and Nikkei run. Not always but usually so.
So what is good for Goog and FB and Amzn and Aapl and Msft and Nflx is good for world ...
This is just a quick chart to show that the monthly chart shows an interesting pattern in the stochastic RSI.
It is osciallting with a period of 4 years, what a surprise :) the halvings are also every 4 years, could there be any connection? Hmmm..... XD
If the last cycle repeats, I think we might be headed towards lows in 2019, an 87% correction as in 2014-2015 ...
Currently we are almost halfway through the Intermediate Wave (E) which will take a couple of days or weeks to complete this wave.
If we zoom-in we are on Wave (v) of Wave ((iii)) of Wave A of Wave (E). Wave (E) also could be the last Intermediate Wave of this Bitcoin Market cycle before we start a new cycle in 2018.
Here are my projections for the Wave (E) ...
I'm not 100% saying it will go this low, just pointing out that there is a case for bitcoin to get really really bad, and if it does get bad this is how to find possible bottoms. I think if it breaks the support, the bottom is most likely between $4000-$5000 however I will change my mind if the structure continues this way. I am not short bitcoin, but if this ...
If you look this year in crypto, we can see that market turned direction exactly at the 6th of each month! Really this makes us wonder if trully there is a market manipulation or consipary, behind all that! Who knows, June 6th is coming to find out..! But remember, the 18+yrs of my professional trading experience teached me that usually market does the opposite ...
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
Bitcoin/USD Daily Bars, LOG Scale, 06/12/18, 9:00 PM EST, by Mike Mansfield
Hi trader friends, this is one of our most detailed and important Bitcoin updates. Our first post with screenshots of our deep learning A.I. project’s 12 month forecast. I will post those screenshots immediately after this clears the 15 minute publishing hold. So let’s get to it.
BOTTOM ...
