Hi friends! Welcome to this update analysis on Bitcoin! Today, we're going to assess a comparison between the breakout above the 200 EMA in 2015, and the breakout above the 200 EMA on the current chart. Let's get right to it!
On the left side of your screen is the current daily chart, and on the right, I have the daily chart of 2015s bottoming sequence. Looking...
EMA is set to 1372 day average. 1372 days is the average number of days between BTC halvings. As you can see we are were way oversold and broke out violently above the HEMA.
I suspect a continuation to 6-6.8k before any major retraces.
Well here we are, we've tested the swing high target expected from the previous crash pattern.
The weekly 50 MA is liable to provide significant resistance as an institutional benchmark. We've followed all the moves of Bitcoin's previous crash pattern to the letter over the last 15 months. The same mean reversions, respected benchmarks, and even the generations...
Hello Friends,
This chart I put together was originally for myself. I had recently discovered trendlines really don't work so much compared to parabolic lines. Every trendline breaks in either direction regardless of a bull/bear market. Support and resistance never stays the same yet using parabolic lines seems to flow better when it comes to having a clue as to...
Selling Bitcoin here looks tasty. I will try to hold it for next 4-8 weeks to buy more Bitcoin later
BTC agains USD it is hitting strong resistance and forming strong bearish divergence
(Im personally closing my 70% profit trade since Entry at 33xx range called...
Dont think a wrong idea about this title and please do take this as a grain of salt. Please, also dont think about this post a 'rant' as i felt left out by not buying the previous price dip as the fact that i already did accumulated BTC around january 2019 if the price did rally upward to the moon and i dont mind it as my BTC will be a rising in value over long...
#BTC LONG-TERM PROJECTION 2019-2025
Using the Elliot wave concept, each impulse wave moves within a channel. I drew a channel connecting the previous minor highs ((1) and (3)) after major wave 1 (I). See how the lower end of the channel supports the current lows of the price. I expect minor wave 5 ((5)) to hit the top of the channel which may fall somewhere...
It's been a while since we looked at Bitcoin (BLX) on the monthly time frame, here we have some type of action never seen before for Bitcoin.
Starting August 2018, Bitcoin went negative for six (6) months straight, turning green only on February 2019.
March 2019 lead to Bitcoin breaking above EMA50 on the monthly time frame and is now trading shy above...
I was long thinking on why this recent rally has happened and searching for clues in the past of similar events.
Then I discovered something very interesting.
Every time BTC broke the previous linear trend in the logarithmic chart, it retested it, not long afterward.
It happened after the 2011 bearmarket, it happened in the 2014/15 bearmarket, and even if it...
Hi friends! Welcome to this update analysis on Bitcoin! Let's get right to it! Looking at the weekly BLX chart, we can see tat Bitcoin continues to struggle at overhead resistance. That resistance is the weekly 50 EMA (in orange,) which is intersecting exactly with the 61.8% Fibonacci retracement, which is produced from the decline from 6000-3000. We also have big...
Hello everyone,
I´ve spend many days watching the Bitcoin tickers at many timeframes for many years and I realized this is the ultimate chart with important trendlines / gread & fear (based on RSI) / halvening setup which seems to be respected for many years & in my opinion from long tern perspective investing this Weekly chart is most important history based...
Here on the weekly chart, we can see that price has printed half of an enormous evening star doji pattern, and it's a textbook formation thus far. Since the beginning of February, price has been in an uptrend (pink channel) on the weekly chart. However, we printed a huge bullish candle after we exploded above the weekly 200 EMA (in purple.) Price hit a ceiling...
What will happen if bitcoin met real resistance ? ???
When Bitcoin will meet real resistance in the region of $ 6000.
It will be difficult, almost impossible to break through this level.
I am sure as never before that when Bitcoin is in the $ 6000 zone there will be a fall down and a set of long positions, for the next breakdown attempt.
The parabolic move is undoubtedly the most sought after pattern for traders and investors with huge upside in a short space of time with followed by a blow off top.
Typically there are several periods of consolidation or 'bases' which are established with increasing range between each of the moves.
The final phase is a usually the most violent in its upside...
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