According to the theory of Charles Henry Dow, of the three major market cycles, we had a bear market, bull market will come any time soon, historical levels of of support/resistence tend to be respected
Using only historical data, Fibonacci, and simple Geometry, I'm making this very long term Bet to BTC with 2 kind of possibles dates and end prices.
Maybe it's too early to make soo long bet, but if you are a Hodler, maybe its good to start to think what will be the price in 5 or 6 year.
Ladies and Gentlman!
Looking at the 4HR Chart we can see a bullish divergence. Since the price bounced off the 200WMA i expected a pullback up to the 20WMA.
This expectation comes from the pull back after the kapitulation in October 2014. Provided the past shows some similarities with the present. - So far, I would say that clearly there are some.
We know that historic events are good indicators for future events. However, they do overlap sometimes due to human psychological behaviour.
Before we had this drop, I showed you one identical event. That event was replicated and we had our drop. So, I went hunting for another similar event.
In this chart, you can see the candlestick chart pattern drawn on the...
Hello, friends and fellow traders!
Long time no use this platform, though I never stopped trading. I was there when the crypto market saw the top, didn't sell until March 2018, but enough of my personal history--let's see Bitcoin's price history, as what happened in the past provides us with the only way to get a grasp of the present. Here are the previous market...
Confluences for Trade:
- Price action at a Trendline Support
- Stochastic Oversold momentum
- Widening of EMA
- Price action is close to 2016 lows, could be a strong support at such levels
Entry @ Area of Interest 0.9675 - 0.9735
RR: Approx. 2.30 (Depending on Entry Level)
The technicals are lining up within the charts to revisit a historical range.
In the last week of May, first few weeks of June 2017, the pair traded between these levels for five weeks before breaking up.
Looking for a retest of these range for a few weeks.
A negative break down (around the time of the next Fed rate hike?) will send the pair to around 1.0825
As you can see in the picture, the current situation has already happened in the past and on 02/08/2012.
Dear friends, the current status of Bitcoin is not a new situation. Although the eight-month depression flag has been broken, and although this is a very important event.
An important issue is the breakdown of the 6800's...
The bottom is, in my humble opinion, is not in. Looking back at the price action of BTCUSD in early 2014 we can take a look inside the most recent long term bear market and use that as a reference for our current bear market in bitcoin. Bitcoin and crypto has seen a massive influx of new investors and frankly what we in the space refer to as 'dumb money'. They...
An extreme long term view of bitcoin and its uptrends. including RSI and MACD.
The blue line initially represents the expectation as the previous wave did.
But after a short while it just goes to ridiculous heights. Cant leave them out for Bitcoin.
Just an idea, DYOR
UPDATE based on last post: Using the 2013 to 2015 time-frame extrapolated into this wave's similar but shorter span, we should re-touch the previous all-time-high (approximately 19,500) by end of August or early September 2018. (Again, this is ONLY if history repeats itself)
Recall from my last post:
We keep seeing mirror images of the 2014 bear market playing...
The graphs show the cumulative percentage growth rate over the past five years for BTC relative to the S&P 500, Nasdaq 100, Dow 300, Nikkei 225, DAX and FTSE 100 indices (top left). The remaining panels, from left to right and top to bottom, show the annual growth rate from mid-2013 to mid-2014; mid-2014 to mid-2015; mid-2016 to mid-2017; mid-2017 to mid-2018 for...
We keep seeing mirror images of the 2014 bear market playing out now. But what if (just if) it has indeed played out, but a bit differently from the common mirror images we've seen? As in this?
*I know it's a long shot, but never know! (Isn't all TA long shot?)
*As you can see from my recent days' posts, I have both bull and bear scenarios, this is just a...
As you can see on the chart, the RSI bearish divergence that we see today is basically identical to the one we saw in 2014 right before the crash. Another important point of comparison is that right at this point, in 2014, BTC hit the 200MA and turned around... exactly like it did yesterday.
Also, if you look around at the alt coins and try this same excercise,...