Hope this idea will inspire some of you !
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Indicators used in this forecast are PRO Sinewave & PRO Momentum.
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This is a technical analysis based on Elliott wave that maintains the initial count of a possible bullish reversal with higher lows since June 29.
As trend-based fib-extensions shows, bitcoin price have been bouncing on 0.382 range for the last 3 bullish rally's and this shall be tested once again near 6780, zone.
So, where are we right now? Everyone is acting like Bitcoin is doing unpredictable things and are getting liquidated. In this market context, which is a bubble burst, we have to keep in mind a couple of things before entering trades:
What drives a bubble burst is market-psychology and an alternance between hope and fear: an alternance between FUD and FOMO.
Long-term I am extremely bullish on BTC. However there is no denying we are in a crash pattern. Until we get some bullish signals on the daily chart I would be very careful injecting any more fiat into the market. Also,the macro movements of BTC are difficult to predict, so the important thing to note in this chart are the price levels and their significance, not ...
IT's long term analyse.I think we are in the last steps of completing 2nd wave of a big Elliot Wave.After second wave complete near 6500-7500 we starting a 3rd wave to $32000.HOPE
IT just a NOVICE IDEA.
Here's a predictive trend-based model that suggests the current turbulence might not foretell doom. The conspicuous parabolic movement at the start of this year was out of trend, and is simply being corrected back into trend, according to this hypothetical model. Curiously, notice that it's almost like sheering forces (yellow lines) shot across the trend at about ...
Well, we saw huge breakdown in BTC lately, especially there are tones of people bought from the peak.
Good news is BTC is still protecting its upward long term trend, we might have a one or two breakdowns during next 2 weeks but it will be much better after.
This chart will be updated as the two month downward trend ends.
When investing inside the stable market of primary resources like Water, Electricity and Gas. Their bigger well know companies that start of small with extreme potential of growing more mature along the market. Risk-taking has become confidential but unsure of the outcome of assets to lose and invest. However, investing into small stock symbols this could bring ...
As we see prices across all exchanges higher than that of the November 2015 pump, it's likely we have just entered "Hope" phase in the emotional crash cycle.
There's a large gap to fill up to the $680 zone. Volatility to be expected, and the perma-bears will be slain.