Drew this up the other day. Just gonna put it down so that I can keep track. So far it looks like we are ready to jump up out of the current +- 1 month triangle to test the top of the 4 year triangle. In case its not self-explanatory, I think the price will hit the purple zones.
A couple of things have bothered me looking at historical trends.
One is that the 2014 crash was much more chaotic. I've tried to display my interpretation of that here.
Also, the longest logarithmic graph is curved: bitcoin.zorinaq.com
This curve has not been perfectly circular and has been flattening out progressively, nonetheless this is an...
BTCUSD - Bubble comparisons, Yearly MA, and volume flow. The current lack of volume isn't saying much for a December moon.
This tightening wedge seems very ominous. Also very unpredictable where it's going to go. Bullish on 2020, but for now, the price changes might not be as interesting as one might hope
BTCUSD - Was 29 June the pivot point for the future of BTC?
This was my procrastination project for the day in between working.
29 June may have been the turn-around for recovery in the BTC 2018 crash.
What we see since then is a consistent rejection of what appeared to be an establishing downward LL trendline.
While the 14 Aug HL may have been an anomaly, the...
BTCUSD - 100MA Cycles approach to the crunch. Will we break up or down? Where are the whale waiting? Volume is slow, while the urgency is growing. We are nearing the far end of the 2018 downward triangle, and only 1 or 2 of these 100MA cycles left.
Disclaimer: I'm a noob. I just enjoy drawing these things, even if they are not particularly informative to a more...
BTCUSD - Historic volume dips correlate with price dipping. Looking at previous trends, it looks like the support needed to breakout of the downward triangle has not arrived. Volume oscillator could turn around, but looks like a bearish market right now. I wonder where the whales are looking to come in, but for now, it looks like a slow and boring market doesn't...