This chart is posing the question, " Will the Moving Average(MA) crossover occurr in the next two weeks or so or just Bounce off the 200 day moving average."
From my reading of the charts the pattern is similar to the 2009-2013 cycle and not at all like the same period leading into the cycle peak of the 2013-2017 cycle.
As can be seen , there were two peaks in...
For the long term this chart is projecting the 2021 Cycle top and the subsequent cycle retracement.
In the current pi cycle when compared with the previous pie cycle, price seems to be running 3mths ahead.
Does that mean we hit a price hi 3mths before the 7th pie line in BTC's history.
Thats and interesting observation.
This is not financial advice.
From the chart, we have just broken up from the previous All time high.
As can be seen we are about to come upon the 3 Fib level. ( This Fib level is from the beginning of trading back in 2009)
Once the 3 Fib Line is broken , its off to the extimated €61K 'ish mark before it sees any further major resistance.
Caveat , whales could come in and destroy this...
Looks like the current trand is following Elliot wave theory. We are in a move on the leg (a) direction.
Don't be spooked by the current trajectory and the media.
Not financial advice, just technical analysis on the current hype in the media.
BTC hourly has shown a Bull Flag signal and is currently breaking out of its ascending triangle.
Short term price remains strong to the upside.
I have two targets (1 & 2) showing the measured moves to the upside.
So hopefully this week will be a good week for BTC
Not financial advice, its my reading of the chart pattern playing out
In this projection I am using log scale settings , with the Fib scale highlighted.
This is not financial advice, it is a plot of what has happened in the past , with a projection of what could be, using the laws of deminishing returns.
From the 4hr chart a very nice RHS formation is in play, if the formation is completed , it is a Head & Shoulders chart .
I personally want to see it rejected in the near future.
H&S are great when going up but you can loose your shirt coming down if not managed well
This is for my personal records, it is not financial advice.
This chart plots what I think is happening next in the 2020-2024 Bitcoin cycle.
We have just finished the first correction since the All Time High( ATH ) was broken towards the end of 2020.
The first real pullback has occurred (Heskin candles).
Wit hthat level of detail , we can now draw the Fib...
Having examined the 2012-16 and 2016-2020 cycles, I am hypothesizing that the chart pattern will follow a broadly similar trajectory.
If it does, yahoo for all bitcoin early adopters.
I looked at the cycle repeats for the All time High (ATH) & All Time Low(ATL)
Both peak to peak or trough to trough are approximately 48 bars in length (monthly candle is the...
If the pattern holds firm , we could be looking at a frice of €8k ish sometime by the middle of Sept, with a potential retracement back to a low in and around 4K , that is on the basis of BTC doing the unpredictable by shooting to the moon pefore that
This chart is for my records and should not be considered financial advice by any readers.
The prediction is solely based on Fibonacci (% values) plotted over the 2016- 2020 cycle.
For each period Hi to Lo the return to 0.23 is common.
Coming to the 2020 halving cycle close , I am predicting in or about €6,620 ish as a lo mean value post halving for the 2016/20...