I saw Carl from The Moon YouTube channel mention this first and this red candle today brings us further into the pattern. Bitcoin MAY be printing an Inverse Head and Shoulders Pattern. It's not the prettiest IHS, but something to watch for.
This is why I think Bitcoin is breaking out from the bottom now. This pattern is the same yet slightly different enough each time to throw traders off. Insiders have to mess with indicators, but they can't hide everything they are doing. If you know where to look patterns emerge. One indicator or pattern doesn't tell the whole story. But many indicators and...
Whew! Luckily the large volume needed to break 6400 didn't come in. Score one for the bulls! If BTC falls below 6400 with volume then Bitcoin is f#@%ed. Look at this chart. I've drawn yellow horizontal lines at the Volume at Price bar peaks. If BTCUSD breaks 6400 then the price will be "sucked down" to 4K. We are presented with either the shorting or...
This is a huge symmetrical triangle pattern. You all know what happens when Bitcoin does this. It EXPLODES. There is a lot of energy being bottled up as the price squeezes down into the tip. Bitcoin will have to make a decision as the market makers bubble meets the adoption curve. Which direction do YOU think it will break out? I hope this helps you with...
Check out the pink lines. This is the war. Which side will win? Price or RSI? Peace, Love, & Crypto, B166er
Pink Lines are a Bullish Divergence. More evidence to the thesis that now is a good time to be bullish.
Someone is making a run at the 50/200DMA Death Cross. Looks like it could be a test to see if moonboi's will lose their minds enough to buy in with a big FOMO candle. Considering such likelihood of rejection, it may also be seen as a "last hurrah" of selling before they take the market down further, trapping moonboi's in bad trades. Note: Market Structure still...
The logarithmic Monthly chart for the total crypto market is amazing. Monthly candles are extremely powerful because they contain so much price action summed up in one candle. So any trend you recognize on this chart is nothing to sneeze at. It’s sublime. Look at this 4+ year old adoption trend with bubbles that revert to the mean. People have been absolutely...
Wow. This trendline since 2015 hasn't been broken and is very strong support. If the Market Cap breaks this trendline even the most staunch HODLrs are going to have a hard time hanging onto their coins. It's the whales/market movers/insiders job to shake out every seller they can so they can buy coins cheap at wholesale prices before bringing the price back up...
This is a LOGARITHMIC chart. In technical analysis, we utilize logarithmic charts as a way of visualizing exponential data. You have to use it because Bitcoin's price is growing EXPONENTIALLY. When looking at Bitcoin's entire history of price action because on the normal chart the bubble of 2017 is so large that the bubble before it is almost visually...
Bitcoin is not a stock, nor a stock market. It does bubble, but it is not these so it has a certain characteristic that we must take into account when trading it. Bitcoin is a TECHNOLOGY. What happens with new and useful technology? It gets ADOPTED. Adoption creates a parabolic S-Curve until saturation is reached. Electricity did this, telephone, radio,...
BCH is still in the downward trend since December 2017 and shows no sign of slowing down. Either this is a bear flag and we’ll drop straight down or we’ll go up to the trend line of resistance and get rejected. If it continues squeezing to the end of the funnel it could be ready for a massive bounce from either a double bounce or a new all time low.