B166ERcrypto

B166ERcrypto

I think this is some kind of error and had to share lol. Peace, Love, & Crypto, B166ER

B166ERcrypto Updated 

Let's take a look at the man behind the curtain, shall we? Bitcoin has what I call the "Basic Adoption Curve" that trends with the adoption rate just like any new technology gets adopted over time. This is the MEAN. It then has "bubbles" that are formed by market insiders (whales) creating FOMO where the price breaks above the Basic Adoption Curve and they...

B166ERcrypto

1. January's candle means BUSINESS and the Total Crypto Market Cap Volume has validated the bullish price action of January. I like to think of it as a big fat middle finger to the bears lol. 2. The chart has printed a very nice rounded bottom just below the parabolic adoption trend line. 3. The TCMC is now gunning for the top of the large symmetrical triangle...

B166ERcrypto

The Weekly MACD just had a bullish cross. Yet another piece of the puzzle that I've been waiting for. Hold onto your hats boys n girls! Peace, Love, & Crypto, B166ER

B166ERcrypto

Bitcoin Price action is looking like a textbook cup and handle pattern, which is a bullish continuation pattern. Guys visit this link and tell me the textbook image of cup and handle price action doesn't look exactly like the Bitcoin price action right now, including an inverse head-and-shoulders at the bottom: www.investopedia.com

B166ERcrypto

If the Bitcoin price keeps moving up, or even just sideways, I'm looking for this beautiful Golden Cross to be printed in February (defined here as the 50 Daily SMA crossing above the 200 Daily SMA). This phenomenon carries a lot of weight in the Bitcoin market and is extremely bullish. We already saw the 1 year MA cross the 2 year MA, so this is just the next...

B166ERcrypto

After attempting a breakout of the downward sloping resistance Bitcoin has decided to squeeze into the remaining space of the triangle it is in. I think it's quite bullish that it even attempted the breakout and consider it imminent. Here's why: The squeeze is on, the symmetrical triangle is usually a continuation pattern. Who will win? The Bulls, or the...

B166ERcrypto

I expect Bitcoin to travel along in the green accumulation zone for a bit. Bitcoin has broken 1/3 big important triangles. Should break the next two within about a year or so, depending on how much selling the Insiders want to do. As long as the price doesn't break the green line at the bottom, I'm not bearish. And I mean REALLY break it. I'm not worried about...

B166ERcrypto

This indicator has been useful in the past because dumps often occur sometime after the NVT flashes red, the problem being it doesn't clue us in as to WHEN. The price can still pump much higher before a significant pullback, so be careful. If the pullback is soonish then it's entirely possible the price drops and tests the Parabolic Adoption Curve in the 7K...

B166ERcrypto

These two triangles are the most important patterns in Bitcoin right now. I have placed green ovals around potential price and date Bitcoin is likely to break the triangles upward. I also placed a target area for the next bubble ATH. Does it have to play out like that? No, but it gives me a projection to judge future price action by. The first triangle is a...

B166ERcrypto

Bitcoin's NVT signal, which has done a decent job at indicating that the Bitcoin price may fall, has flashed red on the daily chart but not yet on the weekly chart. The NVT flashed red in April 2019 as well and Bitcoin continued to climb to 14K afterward before tumbling, so it's not great at signalling WHEN the price may fall. Also, it seems to be more powerful on...

B166ERcrypto

Here I've superimposed the RSI indicator over the price action in this chart and extrapolated RSI and price action into the future. I don't have a crystal ball and this will undoubtedly be wrong in some way but IF we are to have a good old fashioned Bitcoin Bull Run then it could end up being three upward-trending legs and then a blow-off top. I've drawn boxes...

B166ERcrypto

Well, well, well, the moment we've been waiting for. Bitcoin is above the 200 Day Simple Moving Average and it looks as though we may get a golden cross (50MA crosses 200MA) within a month if prices stay up. In this chart I used the line tool to extrapolate the MA trends and they cross within a month, give or take. Could be 3 weeks, could be 5. We'll just have to...

B166ERcrypto

Please see my previous idea on this subject where I draw it on the log chart. This is what it looks like on the regular chart. 2020 is looking to be one hell of a year for crypto.

B166ERcrypto

The biggest battle ever between the Bulls and the Bears will play out this year. Price action is being painted into a corner where it must decide...UP or DOWN. When the artificial bubble bursts meet the organic adoption curve, the adoption curve has always won. It behooves an analyst to take a step back and look at the big picture. The Bull Army is much...

B166ERcrypto Updated 

Bitcoin has just broken through one symmetrical triangle and must now face the big one. Bitcoin is coiling up like a cobra inside of a massive symmetrical triangle on the log chart. Once this triangle is broken through, you'll see Bitcoin race to 20K, falter a bit as whales sell into the momentum, and then it will break through to create new ATH's. The...

B166ERcrypto

I will be watching this month's candle close with an Eagle Eye. If January's candle is a red doji or a green candle, then that is a good sign that markets are turning around from fear to greed, green being greed. The large market moves take time and effort to turn around. Fear back to Greed. No bear can tell me that my theory about the adoption trend is...

B166ERcrypto Updated 

This 2019 bubble was a "suckers rally" according to the Wall Street Cheat Sheet. So many people are smoking the hopium that they were able to pump it back up to 14k. They could've let it run, but that's no fun. When you're an Insider your job is to rek the suckers. And in the crypto world there's 10 suckers born every minute. The old suckers are getting shaken out...