After rearranging the fractal and aligning it properly with our current triangle we can see that we broke out and blew past $470 last resistance. The accumulation being over, and no sellers/bears to be found anymore, we are now heading towards $650-680 and maybe way higher as we continue the megabull cycle to the "moon". From there we have several potential...
Hey All, We finally broke up of this long boring triangle as seen here in this zoom out of the current chart: Bulls: After rearranging the fractal and aligning it properly with our current triangle we can see that we broke out and blew past $435 resistance. The accumulation being over, and no sellers/bears to be found anymore, we are not heading towards...
This is a self-explanatory chart. Assuming that we continue to pump similary to the pump from the early $200s to $500. It is pertinent to note that the consolidation phase has been extremely similar to now. Current final target for this fractal is: $720-680 I am here to help. Feel free to ask me questions or Private Message me directly. Also follow me on...
Hey all, I have been pretty busy lately and found the time to give you all an update! After visiting $445 we revisited the bottom of the triangle at $400-405 which strongly held as no sellers were to be found to take us to $320. Bears failed and Bulls won that last round. Which leads us to a big potential for the megabull cycle to occur on March 25-27th as we make...
Hey guys I just found time after work to give you an update I was waiting to published been several weeks! I discovered that the bulls might starting the halving pump waaay ahead of July 16 2016 and we're following another megabull pattern like to the letter (see chart). If we are able to blow past $450 then our next top is $480 Bitfinex and stamp where we will...
Full credit initially for this chart goes to JoeBu on Trading View. He was kind enough to share his initial chart with me. This is an updated chart following my last chart on the failure of the megabull that occurred after January 15th. This chart is my predictive forecast on the occurrence of the next Megabull cycle after our latest failure at the double top...
Bears: This is my modified version of Time Node from Tim West applied to Bitcoin. So far I have been very successful with this method to forecast accurately the next moves of Bitcoin. I also am using a fractal from the previous ATH of $680/$660 The annotations are on the chart. We are currently starting an 11 days bearish cycle with the possible targets...
Full credit initially for this chart goes to JoeBu on TV. He was kind enough to share his initial find with me. I dug more into it and detected the 36 days consolidation/sideways pattern (yellow rectangle) before each megabull cycle started. All those cycles occurred however when Mark Karpeles was in charge of Mt. Gox failed exchange where initially the bot Willy...
After touching the 1D top of the Bollinger Band @ $463 following the crash of several currencies and stock markets worldwide, Bitcoin entered sideways/consolidation between $463 - 440. I expect Bitcoin to retest the support at 442-436. So if you missed the initial break out, make sure you buy in this area. Your stop loss will be at $422 in case Bitcoin fails for...
Bears: Bitcoin is showing weakness with a double top at $475-500 and H&S formation as well. A move below $400 on Bitfinex will confirm the bears taking over and a potential revisit of $340-350 and even $315. Bulls: If we manage to hold above $400 then we will stay in 2 weeks of sideways and consolidation and break out after January 15th towards new highs of...
Right now this fractal has been very accurate. I forecast a wick to $68 due to the bearishness from BitcoinXT fork and the division of the Bitcoin community on that regards. Also with the current economic turmoil globally, it seems Bitcoin lost it's value as a safe asset. Better buy gold than Bitcoin until the community gets it together. Targets are on the charts...
This is an update to a previous chart published 3 months ago: As you see on this chart (zoom out necessary), Bitcoin has a repetitive history with triple bottoms which entails a 4th touch of death when it touches a 4th time (red ribbon) . This happened at least 5 times in the past (see squares and red ribbon). Chances that this happens again now are extremely...
As expected from my previous warning and TV chart, we broke past the first triangle signaling a short/sell entry then we blew past the 270 support area too. I am expecting the whale to rebuy lower at initially 25x-257 area and then few quick wicks down to 244-238 area as a test of the current uptrend. This was too be expected after the longs were at all time high...
Following up on my previous chart published a week ago, my second forecasted scenario happened - "the whale who triggered this ponzi pump was in fact selling his BTC stash at 31x, 30x and 29x accumulated at much lower levels (215-230) in the past few months". In the past chart that I published we broke the small handle (of the cup-and-handle and we went down to...
The ponzi pump started on LTC initially by a whale operating on all the exchanges out there also took BTC forward with it interestingly pumping on the rumor of the Grexit as well as other news such as the LTC Halving at the end of August. The whale's manipulation can be seen at work with bids and asks put in advance to monopolize the Bitfinex orderbook and protect...
An interesting find I must say by definition: A rounding top may form at the end of an extended upward trend and indicates a reversal in the long-term price movement. The pattern can develop over several weeks, months or even years, and is considered a rare occurrence by many traders. A rounding top represents a sell signal to technical analysts . The initial...
Annotations are on the chart. I used TIMWEST's Timenode method mixed with my ideas to build how Bitcoin will rally in a "healthy" manner to $300 initially then 360-400 later on. Since my last chart I have been accurate enough, will see how this plays-out. As I explained to some in our IRC channel, it seems market makers are not looking to make BTC go parabolic as...
Notes are on the chart. As long as we remain above 227-232 area I am slightly more bullish.