The Blue LSMA (Least Squared Moving Average) appears it will cross ABOVE Level 50 to "trigger" UPWARD pressure BEFORE the White Energy in the 4-Day time frame can come DOWN to "trigger" DOWNWARD Pressure. Which means UPWARD Pressure has increased odds to CONTINUE. To confirm: See if the Red RSI and Blue LSMA are "both" above Level 50 in time frames "lower" than...
Now that most doubts of, whether or not Bitcoin is still in a Bull Cycle, have been cleared out it is time to check the possibilities of where this potential end-of-the-year rally may take us.
The price is too close to testing the $64900 All Time High (ATH). This chart shows that whenever in the past the ATH was broken, BTC got doubled in price rather fast:
Welcome to this analysis about Bitcoin, the weekly timeframe perspectives, and the major underlying triangle-formation that I have detected coming in several different variants and timeframes on the lower as well as higher timeframes and varying in amplitude. What is so amazing with the triangles Bitcoin is forming is that they actually are extremely...
BTC looking good, but RSI getting into that pullback area with resistance at this point. Going to need some more volume to push through.
I'm going to guess a pullback before another run.
What do you think short term
1. Push through to new highs
2. Consolidate here
3. Pullback and then retest
4. Collapse and burn back to $53k
Title says it all.
Its been an enormous bounce and if correct this is a chart pattern that as one of Barncore's go-to chartists has said - "has never happened before in a bear market." And he is right. Price has moved way passed the supposed tipping point of 0.618 and on a large time scale. So this should be bullish - right?
Well no, I don't think so. This trend...
I am due to give you a full Altcoins market update and I can start telling you that things are looking pretty good.
Our Alts, Altcoins vs Bitcoin pairs, are ready to boom and will be doing good within just a few days or 1-2 weeks max (sooner rather than later).
The most requests are going to these Altcoins as well so here I will open myself up to your...
Sections a & c of correction wave B, while different sizes, are nearly identical in wave pattern shape
Overall this retraced higher than expected, but with the recent jump up to channel/flag tops, it looks done
Just wanted to throw this idea out there -> Back in December of 2017, BTC saw a huge run in prices as part of a retail frenzy, but also in response to the introduction of BTC futures into the financial ecosystem. They almost mark the *exact* top in prices.
I think it's possible that with the potential approval of Bitcoin ETF's (decision on Monday) we see a...
Here is the Bitcoin Genesis Fib, same plot in different timeframes.
"Genesis" as in "at birth", establishing a lifetime rhythm for growth.
Also an example of a "Golden" fib as in Parabolic growth versus Linear.
This single fib has caught all major turns in bitcoin's life. (click links below)
Recently forecasted the ( 52.8k peak ), ( 48k to 40k drop ), and ( 45k...
Hope You are doing fine😊
Welcome on my new Bitcoin analysis!Hit like 👍 and let's take a look on the next move🧐
Let's take a look at the hourly chart of Bitcoin. Now the price is in the accending channel / wedge, where we can see the bottom or the beginning of the entry into the pattern, which will help...
The balance of bitcoin on exchanges began to decline again after a slight increase in April-July. The balance of bitcoins on exchanges is now at the level of August 2018. This indicates less selling pressure on exchanges and we may see more upward movement in the coming weeks.
The last two daily candles show big wicks up to $ 54,000, but no candle...
Hello Traders and Analysts,
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged Neutral for the short term. Long term, bullish, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Tight stop above 62k.
Daily candle close resistance line.
Previous resistance before all time highs.
If it falls to 53k I believe this is the final top. 53k was the high we made a few months back. Expect it to be short term support before we drop again.
If it goes over 62k I'm probably done looking for bearish opportunities for a while. I really don't...