BraveNewCoin Liquid Index for Bitcoin

BNC

BLX

hey guys welcome to a fresh update of Bitcoin. the pattern shown above am following this from almost a year and now looks like recent moves has confirmed this formation. the above analysis is completely based on elliot wave theory, and you'll be amazed that how precisely Bitcoin is following the elliot wave cycle from almost 10 years and didn't get any attention...

Take the bottom price for the current price cycle, then multiply it by 500 to workout the top price in 2 cycles time, give or take a few percentage points.

Bitcoin's Market cycle - One of the most defined textbook examples of the market cycle cheat sheet we may ever see. The chart is self explanatory showing the cycles we went through and the final phase we are now completing - Return to the mean (which is the center line of the pitchfork using candle sticks) Well this is how i will remember it anyway:) I will...

Here's the Elliot Wave 5 impulse count of the entire history of BTC from 2011 to 2017 top of bull market. After every EW 5 wave impulse there's an ABC corrective wave that happens. This count could be as shown: Bottom of Wave A being $3100, Wave B being 618 retracement of the fib from $20k top to $3.1k bottom, so around $13k and finally the Wave C which typically...

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...

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...

I am a BTC bull, but I see far too many overly optimistic price projections on tradingview. They seem to draw an exponential channel, instead of the current one, that is curved. While of course it can be that BTC goes out of the current channel, and bursts through the upper resistance, thus reverting back to its original exponential trend, I like to be more...

Here i present an updated version of what was a very popular chart shared back in May of 2017, highlighting the market cycles bitcoin goes through, and how I thought we would see a $c.20k top on the current run before a significant reversion. Please check this out in the attached. I use that chart as my framework for BTC and this represents an update to that...

(Updated For BraveNewCoin Liquid Index as requested to show this trend actually dates all the way back to 2011 and earlier!) This chart illustrates long term extrapolation of the log chart trend for Bitcoin , with key Arc trends which could hold a clue to the near term future and longer term trend. In Summary there has been 4 periods of 'mean' bullish growth /...

Enjoy.

Elliott Wave / BTCUSD / 2010-2019 — Bull Market

While bitcoin goes through huge bubbles you should always buy and HODL, buy and store securely on a hardware wallet your bits/coins for 2 supply halving events(8years) and you should always make a small fortune. here's the trending channel with fib extensions using the BLX bravenewcoin liquid index on a weekly scale. We can all hope for this but it really shows...

Bitcoin I believe is forming a continuation pattern by trading inside the previous bull market channel. Each bubble in Bitcoin this channel is broken and a new one is made with a lower angle.

We have never broke below this historical support curve... EVER. If we do break it expect $1000 dollar BTC prices and then a freefall down to the hundreds, and eventually to one dollar. It is unlikely that we will ever have the strength to get back in this historical support zone without the aid of institutional involvement, economic collapse, dollar crisis, etc.

Vision.

Double top on weekly view for the 20 day MA.

Allow me to be one of the only analysts to inform you that Bitcoin is in a bear market rally. It held the top of the channel that I showed in my last analysis and rallied higher. However, I'm becoming increasingly convinced that the bear market is not over, and that this is a bear market rally. It's hard to know for sure though, because there really is a lot of...

On my previous BTC analisys I was contemplating the idea that once the price firmly breaks under the 200 day SMA it's all over and the bull market gives way to a bear market. It seems like my idea is being confirmed so far, I also was playing with the idea of dating the time of the bottom by using the crossover point of the bull run "floor" and the last downtrend...