Short term (3-4 months) it's possible to experience lower prices as we test the bottom range. Long term, though, BTC 2.94% is still very bullish. note: you may have to manipulate the scale a bit to get a better long term picture.
Whole market got obliterated, and Eth looks like it will find support at 250 and reverse from here. Next time it reaches the top of it's hype cycle it will be several thousands of dollars.
***Please write in the comments if you see the chart correctly. I wanted to post this yesterday already but when I posted it I could see the chart. So I don't know if it is just on my end or if you also don't see the chart. In case you also don't see the chart I posted it as a snapshot below.*** Introductory Remarks: Ok so first of all I am trying to make this...
As a general rule, you should not consider hodling any asset that is below the 30 week moving average, the same applies here to Bitcoin. Until Bitcoin is able to cross over the 30 week moving average, expect the overall momentum to be downward and all bull rallies to fail at or before the point of the 30 week moving average. When/if we close above the 30 week...
this type of crossed occured once in 9/2014 & it can show us the market is clearly bearish and in a high chance we can see triangle breaking down. good luck.
Bitcoin long term log scale analysis: To analyse the percent change of bitcoin over the long term period. What we are seeing here is two major corrections from bitcoin since double digits prices . 1st one when btc crossed the 250 level barrier. It lasted 91days with a 74% drop in price, in the same period the RSI dropped 52% 2nd one when btc crossed...
BTC-USD history and probably far future. This sketch is for educational purposes only.
view at longterm. created in Apri. BITFINEX:BTCUSD seems to be bouncing nicely in between the trendlines and along the channel. any break out from this channel could indicate bull/bear market incoming. disclaimer: my first analysis
My first publication on TV, some of you may know me and my privately shared charts, some of you may not, either way thanks for reading. This correction is looking eerily similar to the one that occured in 2014. RSI - looking at the level of support on RSI I believe we should have a bounce here similar to the 2014 fractal, this should take us to the top...
All possible outcomes for #btc this year. At the beginning of 2018, the year end prediction was around $40,000 USD by December. However, the correction lasted longer than expected and almost half the year has passed, turning the previous prediction quite unrealistic, as the price would have to appreciate some 400% in the next 7 months. The logarithmic chart...
The massive bull run of 2017 gives some context for the slow bleed of BTCUSD in 2018. While the failure of the parabolic advance in '13-'14 retraced more than 80%, the 2018 bear market has only retraced 61.8%, providing an argument for BTCUSD sinking further to $4000 as the bears continue to show dominance. I am not an expert, and this is not investment advice.
We are not at the bottom yet. The "buy the top" guys are still in the game. We shall get rid of them before the take-off. Will take a while.
CLOAK/BTC, 5/23/18, analysis completed at 9:00 PM EST, by Michael Mansfield. Hi trader friends, for this post I am using “3 day” price bars with Candlestick wicks removed. And, we are using Log Scale, which can make a huge difference in look and analysis results. Read why below. But first... BOTTOM LINE FOR CLOAKCOIN: CloakCoin is likely in the late stage...
Coming to a close on this banana split formation on the weekly. buy range 7300-7700. If we break below 7200 We'll have broken out of our 3 year parabolic log trend. That means we could enter a very long bear market. Can we #SaveBitcoin?
BITSTAMP:BTCUSD SIMPLE IS BETTER, so I'll keep it short. Elements on the chart: - Teal line - THE uptrend - Two dotted lines - long-term resistances (and targets) - White lines - downtrends - Pink circles - the current situation reference to the past one - Green drawing - my (rather unreliable) projection of price Long-term charts tend to tell the truth more...
My previous published idea: XVGUSD is on the rising black trend line drawn in the log scale and has a great support at 0.053-0.058. XVGUSD has a great chance to surpass the big down trend line.