Just looking at this chart, you can clearly use a market cycle cheat sheet to compare the two and try to determine what will happen next. - Notice the volume at the bottom, to me this looks like accumulation for the next pump cycle. - Entry : $3 - $4.20 - Setting targets near ATH, tp1 : $5.50 tp2 : $9.20, leave rest to ride :D
This is just some simple analysis for BTC through mid-April. Take a look at the respect bears played to the major trend line in white. If I were a betting man...(I am)...I would say we have found our bottom(6k) from recent all-time high(20k) and now were are either looking to retest the major trend from July 2017 (around 7k) or preparing to start a new market...
With the current 4 month downtrend we see on bitcoin, I doubt the volume shown in the past week will be enough financial energy to push bitcoin out of its trend. The FUD in the market is not over. Goldman Sachs believes bitcoin has to potential to dip under 6k, and much of the public relates bitconnect's collapse to the rest of the cryptocurrency market and is...
Market cycle is on point. Definitely in the bear trend play. However, I'm looking for an entry, preferably at the support area. If it breaks support line then we're looking at sub 1k sats then that's a steal.
Just publishing for personal future review
Market cycles are a glorious thing, we experience the whole array of emotions as the price climbs, pumps, dips, falls, then crashes, only to rinse repeat down the road. With the expectation of March/April bringing new life back to Alts we're now able to see the alleged light at the end of the tunnel. In terms of our friend AMP we can obviously see 2 highs,...
Why i got into BITTREX:LBCBTC : New Market cycle. Accumulation phase with good volume. Ready to breakout. Working product with good team. target x10, may change my mind depending on the market. March calendar is very good.
I know.. usually I'm a swing trader and hate having patience and seeing my money go up and down due to de waves in a coin and prefere looking at it on a day to day basis. but ADA, what a great coin. incredible dev-team. We hit rock bottom here and we just saw the announcment to a new market cycle. the Beartrap. a little wave making all weak hands sell their stuff...
We all Know its hard to make profit and honestly its even harder to keep Profit! It has been a crazy ride last year and so if we are going for a long term Bear market ..I will Try to save my Capital as much as I can by following the layout chart and also will try to ride the AltCoins Season! Happy Trading! : )
As you can see reddcoin completed it's marketcycle and is ready to take off and rise to new heights soon if the market will remain healthy.
Walmart looks to be on the downside of it's market cycle. Be prepared for bull trap then a "return to normal" before bearish continuation. Just my opinion.
Good morning from Belgium, Lots of ideas were popping up due to the in-channel bull-run of the last days. Bitcoin is back most people say, I will tell you, it will never leave, but...it has to finish its market cycle. Those are the biggest strengths of trading, looking at the big picture. So, I am still bearish and on the daily picture you see a few changes...
here is another possible fractal.. Bitcoin is looking similiar to the 2013 bubble fractal.. just double speed.. 2018 = 12H and 2014 1D.. if we are going to bounce the next days its likely that dis scenario is just on 2014 track..!
I don't normally talk about the general market, but what a wild two weeks! The S&P 500 peaked at 2,873 on Friday, January 26th and dropped 12% to 2,533 on Friday, February 9th. By comparison, the initial plunge during the 2015-16 bear market, in August of 2015, was 11% over just five days – culminating on August 24th “Black Monday.” The chart shows (hopefully)...
Short update on bitcoin. Still in a bearish pattern. Little bullish sign along the way like we had in the reversal HS pattern but in the bigger picture bitcoin is unwinding its market cycle. Those are the big forces at the moment as I posted them already weeks ago. Two pics added. The current position in detail and the bigger picture which I expect to be rounded...
Check the attached image (fifthperson.com), this is a possibility of how this BTC crash could continue, followed by a consolidation (capitulation) period. As always Bitcoin could discredit this, however, it has followed this market cycle cheat sheet very closely thus far. I am bearish for now.
Well, some posts are not that popular, but I keep telling my thoughts and till now they came true. Its quite simple, every trader is nervous to buy-in on time not to miss the jump up, when it comes. But...bitcoin is unreeling its market cycle and as a grounded trader, for those who are, you see it in all its cycles and moves. Sure a jump up is around the corner...