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...
As BTC/USD recently passed an important resistance line, the next key level to watch is around 680 USD.
Bitcoin likes symmetry and it likes fractals.
I think the real rally will begin sometime end 2016/beginning 2017 until the half supply will show its effect and some major economic troubles will unfold, pushing BTC to new all time highs in early 2017.
It has been a while since we've taken a look at the monthly picture.
We can see that the monthly candle from May went effortlessly through the middle bband. This is a very strong sign.
Also, the monthly stoch RSI, is going from oversold to overbought, which traditionally has always been the beginning of the
Therefore I think that BTC will not go...
Well here it is again, the good old 2012 rally.
So far, it still has some similarities. But unfortunately with fractals we can find similarities everywhere, so it of course will not magically tell us that this is exactly how the rally will look :/
But is still interesting to see. The gold fractal doesn't fit any more, because it would have needed to dump at 13k,...
A quick chart illustrating that even in the bearmarket of 2014/15, the MA200 weekly support was holding. It therefore seems, that this support acts as ultra strong lonterm support,
so imagining how this support will develop, could give hints about the future price development of BTC.
If BTC is to repeat a bearmarket 2014/15 style, it is very likely that price...
We are in the middle of the summer.
Volume is down.
But let’s try to imagine and predict the next 2 years of BTC behavior.
We are sure we will reach the sky (at least from the current perspective).
We discovered a great indicator made by Lazy Bear.
It is public so you can take a look at the code but in general, it operates on the average of the...
SELL mode is now active. Support level at 1.21190 (FIBO618)
Don't take my words for granted, do your analysis and trade at you own risks.
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Don't think the up move is over. Not on my daily graph at least.
A down correction is preparing. It won't last since bulls
have not finished their up cycle (It's seen only on a daily chart).
Note the level at 1.06303 it's a key level. It'll surely become
a weak resistance level (easily breachable).
Price will possibly climb fast to 1.06303 after the down...
IT seems we have the beginning of a downtrend, which is confirmed on my Daily chart
but it should be a fake downtrend.
it won't be a Bear rally, but a correction to "rebound up" , because bulls are still in control on the long run.
So price should comeback to a bullish mode after that correction, and price should still keep on moving over 11K (let's hope)
Co's lead cancer therapy, trilaciclib, gets FDA's "breakthrough therapy" status, which is meant to speed up review of drugs that treat life-threatening conditions
GTHX says it will present new data on three of its drugs, including trilaciclib, at an upcoming conference in September
FDA's move is a recognition that clinical data presented so far...
The USTR says that the tariffs on some items, including “certain toys,” will be delayed until Dec. 15.
September is a key shipping month for those companies as they prepare for the holiday shopping season, when the majority of the industry’s business occurs.
Hasbro told CNBC earlier this month that it would have “no choice but to pass along...
Should we be worried about the lack of movement in dominance?
BTC staying stable at 9400 however no money coming into alt-coins...
Make or break the region to see if Alt-coins will move forward or drop back.
Here is another buying opportunity.
Take a look at the chart.
Targets to achieve:
Stop loss: 10/20% below the buy price.
Bitcoin on the two day and gold on the monthly are following essentially identical market cycles with the same pattern of expansion compression. The similarities are uncanny and the widespread bias is currently bearish, the sentiment of "this is a sucker's rally" can be found on a vast majority top posts throughout the...