This chart is more for myself, but I can share it anyway.
I think we need more time, the compression triangle need to fully develop before we make the huge break out, like in 2017.
Every body is really optimist these days, and I think that's good for the market. But not sure we are mature enough to break through these walls...
We'll see in the coming weeks !...
Get ready for the massive catapult !
But it will take some time. Patience is key.
BTC is ready to rise again.
High probability that 6500$ was the bottom.
It could make a new one lower, but it will be the last one from my opinion.
Weak alts are ready to perish.
Strong ALTS like ADA are going to see a massive catapult effect in spring 2020.
You don't believe me...
According to price structure of Doge/BTC and some technical parameters, I don't except a Doge pump before few months:
- RSI has broken down major support like it did before in the past
- we already had 3 major pump, and 4 is not a good number in term of waves counting
- we have exceeded the time range of about 230 days for a pump
So according to me, the...
Just zoom out guys, and see the entire XRP chart from the very beginning of the coin.
We just successfully completed a huge weekly 1st Elliot wave (12345) then a corrective triangle downward (ABCDE) until now.
Now, the price is going flat, no one is selling anymore. Perfect bollinger compression.
There is only one way, and it's up.
I don't know when. Maybe...
Doge/BTC is repeating pattern again and and again...
According to previous time before one peak to the beginning of the next one, I would say we are still too early for the moonshot. I expect it more next week or the week after.
This mini pump has still no volume, it could be just an organic bounce against the new uptrend support. I want to see the price...
We are now living the last step of the bear market, last hopes have to be erased from all investors to start a new and fresh cycle.
In this graph, I have just decided to extrapolate past result from the 2014's crash.
That's a realistic view I think. Very pessimist in the short term, but rewarding in the long term.
I like this scenario because it says that this...
One more possible very long term scenario :)
Everything is on the chart.
Remember one thing, all previous ATH has been said impossible few months before they got reached, so turn your tongue few times inside your mouth before saying it's impossible :)
I just put the Mc Afee prediction to avoid him to eat his penis on TV :) Anyway, according to this chart, it's...
According to bollinger bands squeeze, and previous patterns in bitcoin history, it took about 180 days after each FOMO top for the market to decide what it wants next.
If we count 180 days after the 2017's crash, we are around beginning of june. It's pretty realistic if you look at bollinger bands going narrow very quickly now, and volatility cooling down...
Hi ADA holders !
TECHNOLOGY ADOPTION NEED LOG SCALE
I have decided to look more at logarithmic scale, because it make much more sens in the term of technology adoption that the classical linear scale.
I remind you that technology adoption grow with a sigmoidal curve, and the growth in this curve is exponential. So logarithmic scale make all sens with blockchain...
Lest have a global look at the recent bitcoin adventure:
1) Bitcoin parabolic rush, each time with a greater angle of slope
2) Then reached the famous 20k$, and get trapped in a giant rising wedge
3) Beginning of the bearish time, with btc each time declining with lower angle of support (just broke this afternoon)
4) I see a strong support around 7500$
We have seen bitcoin travelling to moon in 2017, and perfectly describe what a bubble is, including the bull trap. Now it's time for massive correction guys. Hold on tight and be ready to buy in the blood if you are ready for this !
After a nice rally the last 24h with ADA, I think we have enterred a symetrical triangle. It seem that we are breaking it up right now. Bitcoin in the same time is bearish for few hours (trapped in rising wedge). Looks good for ADA ! Your thoughts guys ?