Well gold broke through an important support, which led me to look at the big picture on very long timeframes.
It is interesting to see, that the first major gold rally, sparked by Nixon's lifting of the gold standard, has quite some fractal similarities with the second one, sparked by the gold ETF.
Now, if we compare the two, we get to the conclusion, that if ...
- Consolidating market : but within a Bullish market
- Coming down into an area of interest of support
- looking for T1 at 35's
- Stops below 31's
- Note: Its interesting to see these moves are made between 1-2 months apart.
Taking a look at the 1 day BNB/USDT pairing I see a crucial point in BNB:
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1) Price broke below the symmetrical triangle (Bearish).
2) Price has failed to break $15 twice, that red line is now a resistance level.
3) Price is getting closer to the large white rising trend line.
Possible ...
"Hey folks! this is Highaltitudeinvesting here .
Doing some long-term technical analysis on Bitcoin
in this graph I am using LOG chart on "BraveNewCoin
Liquid index" (this gives me the most DATA for price)
Using channels and Elliott waves you can get pretty
good Idea of what is happening in the big picture for
Bitcoin & Cryptos.
$100,000 is first major ...
The white vertical line is Jan 09.
The white horizontal line is my personal estimation for a ceiling in price and adoption.
The blue lines are my personal extrapolation of the range using historical peaks and dips.
A stabilization between 100 000 and 200 000 $ would put Bitcoin between 2 - 4 trillion $ market cap.
This would be relatively small compared to global ...
I thought it was time to make a longterm chart, with all these wrong charts going around, hehe.
They are wrong because bitcoins support and resistance lines are NOT linear in the logarithmic chart.
I think that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot just continue ...
The chart shows the forming bear flag on the weekly TF. It will not complete.
There is also a possible bear bat forming on weekly...It is to complete 1.35 something.
https://www.tradingview.com/x/5otJYMuk/
As we described the overall crypto chart patterns currently, almost all of the top 100 cryptos are showing exactly the same pattern except some coins that boosted for fundamental analytic reasons. In this same scenario Wings is breaking its current trend and is in reversal mode both for the long and short term investment opportunities. In the long term ...
XLM is in a great pattern to increase your long position at the current .22¢. RSI (11) is resting at a hard 25% with very low trading volume over the last month. BTC is laying on $8K with solid support. Look to sell with RSI (11) above 80% in two to six months. If BTC breaks downward, look for the next XLM buy point at ~.11¢ for a double load-up (4x coins). ...
Probably one of the more promising cryptos, in my top 5 of alts. Wait for the longs to be wiped out for a potential bottom.
Forgot to add a strong SR @ $6. It probably will be the most strongest support, since it's already tested good, unlike any higher horizontal support line, but I doubt it will go there, $6 is pretty much a steal in my view.
The daily close gives a much different view and might give clues which we otherwise might overlook and might also be of interest for traders and investors alike.
Since bubbles tend to go in to UNDERVALUEATION, I'm very surprised that nobody mentions this so far on Tradingview to my knowledge, let alone other professional or experts. So how do I know? I've studied ...
I am bullish here with BTC in the low 7k range. Volume has dried up to almost nothing, indicating a big move is coming. Daily RSI is approaching oversold. Beginning to see bullish divergence in the 4H RSI.
Looking at where BTC has come from and where it is now, the run to 20k pales in comparison to the previous tops at $260 and $1,160.
For people expecting BTC to ...
Idea becomes valid once weekly closes below ~$5845 with a confirmation on the monthly. Ath will not be breached this year, I cannot see it. Probably also not for coming years, because after bear market comes accumulation, before a very slow bullrun.
Bitcoin is going to rush for the next bottom it seems. Sharp selloffs, very weaks pullbacks and faster than I've ...
Here I see the GBP has been having an economic battle within its financial systems. Here I see the final decline for the year of 2018 and even beyond I'm set for a LONGTERM SELL and my stop loss is above the monthly high but i dont have a target the floor is a long way a way, and may even look to create new ALL TIME LOWS!!!
"Everything between 4k and 15k is just noise." Here's a ultralongterm perspective of BTCUSD.
Word's not needed.
Disclaimer:
Never make decisions based on others TA. This one included.
Always do your own TA, always form your own decisions.
Bear at heart, bull in mind.
Always have two scencarios (minimum).
This is educational theory and not fact, this
may ...
Disclaimer:
//These are my rough estimates for bitcoin//
After this last final correction, I think we will see a surge in price and breaking above the current triangle, and eventually the hard resistance at 12000.
Of course, it is way to early to tell if it will bounce and especially hard to tell, how much it will bounce after the correction is over. ...
