Launch Sequence Initiated.
ARK/BTC is looking like a great buy opportunity from this range. Target: 0.0001920 Blue triangle indicates the current range. Green box is buy. Red box is sell. Blue line indicates major resistance. This is a log chart.
$GOOGL Weekly LOG chart showing long term bearish divergence on RSI, possible Head and shoulders. Additionally, it broke a long term trendline and has yet to re-enter. It is currently re-testing the broken trendline and might be a very very good short!
I noticed a crazy convergence of extremeley important supports, at a price range, that I think, will be the strongest support in this bearmarket. The first support being the weekly MA300. The second support being the longterm squareroot function trendline. The third support being the line connecting the 2013 ATH with the China dip. The last one comes from an...
This is the most likely long term BTC scenario that I see on the Log Scale. The Yellow Trendline (all the way back from the 2015 bear market) will most likely need to be retested prior to the next Bull Run. Until then, we move mostly sideways for almost a year. Not financial advice: Trade less, accumulate more, HODL at peace.
Listen I'm just a line-drawer and this technically means very little and I know countless of these logarithmic things have been posted already, each with their own variation. But, to me this looks quite feasible and I suppose any breaks of the major long term trend lines drawn here is a viable trade.
There are two falling logarithmic resistances at play now, which could be important in the coming weeks for determining the reversal point. The one which is obtained by connecting the ATH top with the point where the last decline started at 6500. The other one being a not so steep one, connecting the previous smaller tops after ATH with 6500. I tend to think...
We're touching a long term up trendline on the log scale - a bounce here could signify we have found a bottom.
After exactly one day of action, BTC wants to make you fall asleep again. I think we won't see a fast climb to 5000, that scenario is for me completely off the table. Instead, the new bullflag will probably break to the upside at some point, and then BTC will bore us to death by rising very slowly upwards, towards a maximum of 4600. It wants to rise slowly, so...
Strong Bear pressure (again) as price reached the trend line I was talking about (see the related idea). Clearly, market participants have spotted this trend line. I can't wait to see what will happen if we price breaks it.
The follow up chart on yesterdays chart, zoomed out a bit, to understand the important supports at play here, and why the MA200 is not the support to look at, as the strongest possible support. We see that the probable future MA200, is quite far above the squareroot-trend. A trend, which has stood since 2010, and has been tested again and again. There is no...
Gulden is picked up by multiple crypto experts. The inovative Gulden POW2 whitness system is the thing they are talking about. If we look to the technical aspect of the chart we can see there is a wedge created. First we will break this wedge and climb up a little. A small pullback and we will go further up. Also if we look to the pink logarithmic trendline we...
The weekly RSI also needs to cool down like in the previous bear market. I expect around 4k in 2018 and around 50-100k towards 2021.
let them haters buy new ATHs
check out that for buy and sell zones. current btc play and drifting into the lower fork area suggests we are about to revisit the long term trend line around 0008 but forex hopium as always suggests we retry the mean.
With all that doomsday feeling going around, I thought I'd update my older longterm chart, with updated, more precise price action. It still seems that the bottom will be in the low 2000s area, sometime in march/april 2019, then a longer flat period, before the next bullrun. This time, I looked at the ratio of the previous ATHs to each other, the factors are...
When it comes to trend analysis, one of my favorite tools is Andrews' Pitchfork which tends to give really good insight on the state of the trend. I have to admit I had lots of trouble dealing with long term analysis of cryptocurrencies using pitchforks until I tried to display the charts in logarithmic scales. When you think about it, it totally makes sense to...