DennisLeeBTC

DennisLeeBTC Updated 

I don't think this is *THE TOP* but it is *A TOP*. Bitcoin has historically always returned to the 21 Weekly EMA before making a push higher, and we have not done that since the 10k breakout last year. Working theory is that this is a rising wedge/ending diagonal which is corroborated by the declining volume and volatility alongside bearish RSI divergence on the...

DennisLeeBTC

Moon Count, could be wrong. Just speculation. Do not long the farm. Not financial advice.

DennisLeeBTC

Could go to 2.5k but probably needs some kind of bounce first

DennisLeeBTC Updated 

Just a guess.

DennisLeeBTC

The real Satoshi Nakamoto

DennisLeeBTC Updated 

Sorry if you're getting spammed for alerts. For some reason TradingView is not publishing my idea properly I've had to attempt a few times now. Based on RSI , market geometry and EW, I think this may be a probable path. The bear trend seems to have reached exhaustion and bulls are willing to buy below 6k but unwilling to chase the price up. We will encounter...

DennisLeeBTC Updated 

Just some food for thought. Seems like the bottom is near or already behind us. Correction is rapidly running out of steam.

DennisLeeBTC Updated 

6950ish

DennisLeeBTC Updated 

The market seems to have reached agreement on the price of BTC in the 8k range. Anything above 9k or below 7.9 has been swiftly rejected by buyers and sellers. Notice the curve of the price action as it rounds out whenever it approaches low volume areas on the volume profile. I have my doubts as to whether we can sustain our current rally due to an overall...

DennisLeeBTC

Fibs, pitchfork, EW count, cloud

DennisLeeBTC Updated 

10.1k to 9k or 8.6-8.7

DennisLeeBTC Updated 

ETH tends to have long consolidations, especially in wave 4 as I believe we are in. Here is a stab at a long term prediction for this year. We should oscillate in the triangle until a breakout near the end of the year.

DennisLeeBTC Updated 

I think we may have underestimated the bull. On some counts people were considering this as a wave 5, but that's assuming this whole thing is a smaller degree wave. We have to remember scale when considering elliott waves. If this is part of a new impulse wave, or even part of an A wave, we have to consider the possibility that it is just a subwave of a larger...

DennisLeeBTC Updated 

Log trendline and Linear trendline both broken. As improbable as it seems, I think this thing could go higher.

DennisLeeBTC

I'm tired of seeing sloppy comparisons of the fractal from the 2014 bear market skewed and stretched for convenience without any regard to wave count or time. That is just confirmation bias. You can see that yes, there is an uncanny resemblance between the two, however the TIME element is often ignored. If you look at the equivalent peaks and valleys you see that...

DennisLeeBTC Updated 

Potential Cup and Handle pattern on Bitcoin 3.82% , target 10.5k. Enter only on breakout or at the bottom of the range. Keep in mind handles often break down and form a second handle before breaking out. TRADE AT YOUR OWN RISK.

DennisLeeBTC Updated 

Same technique used to target the bottom at 6450. Confluence of fib arcs, trendlines, fib extension/retracements, and pitchfork.

DennisLeeBTC

From the book "Trading for Fun and Profit using Advanced Bart Wave Theory"