I updated an idea I posted at the beginning of the year, but I wanted to make a separate posting to make it clear.
I looked back at the candlestick pattern from 2018 to the beginning of 2021 and replicated it on September 2022 to June 2023 (the BLUE pattern)
The price prediction played out pretty well in the following months up until right now, November 4, 2023....
As you can see in the chart, we have been in range for 52 days.
The previous range, lasted 53 days, if history repeats itself, between today and Thursday we should see a breakout to the downside and a retest of the 25k level.
There are two main coincidences:
1- Almost the same downside movement distance to the major support (9%).
2- The same downside movement...
I have two different trading channels highlighted on the chart. The first predates the post-corona bull market. The second shows a long period of consolidation on the Chainlink weekly chart.
The first channel lasted for a year before LINK exploded to ATH over $50. The second channel marks a year in May 2023. Chainlink has completed a full market cycle and if...
If history repeats itself...
1. Upcoming +50% 3month rally more or less
2. Recession is officially here and -20% from previous lows
3. Rally again hard to >+100%
4. Double bottom
5. New bull market begins
Look First / Then Leap
Historical data are very important, we cannot ignore them as a source of reference, especially on large timeframes like Day or above.
Currently, Bitcoin is trading at $19,419 after a surge of nearly 2% in the last 24hrs. Meanwhile, the same is with Ethereum, Cardano, Solana, Polygon among others, especially low-cap tokens last 48 hrs. Comparing Bitcoin’s price...
Choose your own ETH "Black Death" adventure, likely will mimic the Bubonic Plauge (aka black death) and turn sour in the mid 1300s. The solid black path is the adventure I choose because its the most likely. Dashed black path 2nd most likely. Dotted black path not likely unless Jesus comes back.
There are 3 charts of the BTC/USD Index where you can see 200 days EMA - blue line (moving average exponential) and 365 days EMA - black line. In all three scenarios, we can see the crossover of both EMAs which means to be a very strong bearish signal.
In 2015 after the beginning of the second BTC bear market in DEC 2013, we got an 85% drop-down in the price and...
Before I went to sleep I was thinking about this.. before this I was hoping for a pullback to 36k area (which is almost done even in this scenario) and then downtrend to 23k.. it is also on the golden zone fibo.
Let me know what you think.
This is just pure observation. Is it me or is BINANCE:LUNAUSDT following along with BINANCE:BTCUSDT ??
As im expecting BITCOIN to drop to the high 20ks are we likely to see LUNA more than halve in value or to possibly even get down to the 40s before we get the start of the next big run.
Just a thought. Let me know what you think..
Every investor should ask themselves, are we in store for the usually 20-30% correction?
Or are we in store for a market meltdown, similar to the Mortgage Backed Security collapse of 2007-2009?
Or the Dot Com bubble during in 2001-2002?
I have the most recent corrections in history highlighted, their reasons listed.
> It is clear that the current situation...
I think people will shop btc at 60k .People will look for pullback and no pullback there for shopping of btc and alts.
For Pullback we can consider 45k level or worst case scenario 42k.If btc below than may be a big bear run ahead
The DJI has been reinflated from after the COVID crash, by 'cheap' money coming out of reckless monetary and fiscal policy.
The value of the market has been over-inflated by some 15 times its true value.
Fundamentals are almost never seen in charts like these - which only show 'price' (not value).
A man-made 'virus' called war, looms. Not to mention - which...
On weekly chart,
- Negative signal RSI, BTC need a positive divergence signal.
RSI < 50, BITSTAMP:BTCUSD down in range 70-80% from ATHs.
Right now, BTC just downed more 50%. So it's done? Maybe not yet.
But when zoom in
BTC has been downing more 35K equivalent to previous times. If the decreasing has done, BTC comes back to the race go up to...