While everyone is screaming, "Bubble Popped!" I will be happily buying up your panic. Based off my TA it looks as if were still in the accumulation phase or at the first sell off. 2018 is the year we see pure Euphoria friends. Does that mean a $1M BTC? We shall find out wont we? ;)
Parameters: Trough: ~$970 Peak: ~$19,600 Fibonacci Time Zone interval: 8 days Gann Fans: Based upon a 45 degree angle, trough to peak and peak to trough Fibonacci Circle: From trough to peak Scale: Log, no auto scale, 20/20/20 margin Price/bar ratio: 0.0047485 --- --- --- Predictions On the Fibonacci time zone, we are shown dramatic price changes per...
I've noticed that the current downtrend of $BTC can be either two things: a downtrending channel or a falling wedge. I obviously prefer the latter, but I cannot chart a falling wedge that I like. All the tools used are based on the Fibonacci Sequence, sans the Ganns fans. I usually use indicators such as overlaid indicators and RSI/OBV, but I felt like all...
Whether you are HOLDER since 2012 or you bought at 19K top, you cannot stop the Wave. I think its going to be the multi year bottom near 6k when I will start buying truck load. The upside target can exceed $100k in few year span but I won't be surprised to see $40-48k by year end
After this major correction and FUD gone, the road to 30k is clear. I predict we will hit that target in this year before Q2.
Considering everything, I am not selling BTC for fiat even at 30K. Thank you technological utopia, this is getting weird. RSI really grabbing my attention now.
Note: Both of these charts are linked, so the coordinates for the lines shown above are the same. Note the difference between arithmetic scale (left) and log scale (right) in terms of trend line support (black & blue lines). LTC has been consolidating in a nice bullish flag for about a month and these trend lines could be valuable in determining if there is a...
So im starting to hear a lot of bold price predictions for xrp in the wake of everyone anticipating a coinbase add. Adding the largest US-based exchange with an XRP/USD pair would be huge for this coin; there are few reliable ways to convert USD directly to XRP and should coinbase provide this, it could be huge for XRP. Additionally, XRP has several hopeful...
The log chart shows me that we've still got momentum upwards. RSI has given us space again. Boillinger bands squeeze and not much of a retrace on this step. Short term trendlines have not been broken. I think we have a clear line to 3.37$. I am using the logarithmic scale here as the lines between peaks and bottoms looks much crisper. A channel if you zoom out....
Given the persistence of the common view that a big crash is (always) just around the corner, Bitcoin has an astonishingly consistent track record. This is a simple point, yet fundamentally profound, and one that can easily get lost amidst details and anxieties of the trade.
Interesting repeating fractal formation on BTC.
BTC repeating the exact same fractal, will history repeat itself or will this be the beginning of a new paradigm?
Every time it makes a new ATH, it does twice (one purple circle, one yellow circle), we are in the second circle. Buying here is very dangerous unless the channel is breaking from upside to confirm a new degree of a log channel start forming. I wonder who is buying now.
Log chart, pitchfork accurately showing bottom. TP at middle line, depending on hype/news/btc One thing to keep in mind is that the privacy coins may have a surge together. Follow ZEN, ZCASH, DASH as well.
I believe that BITCOIN has still some strength to go up. For couple of months, BITCOIN has been moving between LOG SCALE Resistance and LOG SCALE Supports shown by red lines. Buyers are not really tired at the moment and I believe BITCOIN will move upto 6430-6450 levels and then start going down once it touches the LOG SCALE Resistance shown by red line.
COINBASE:BTCUSD When this breaks it will be swift and likely %50 from topping price, too early but watching for the chink in the armor!
This is nothing more than a long call of sorts. I think that often times we should be viewing bitcoin from a logarithmic lense. This looks very much like a small bump on the inevitable road up.