FrederickDupont

FrederickDupont

So guys this looks very bullish now, bitcoin just broke it's last triangle upside and looks ready to break this new one plus the inverse head & shoulder pattern. If bitcoin does so it will probably retest the last high around 14K. Stay tuned for more updates, Fred

FrederickDupont

What's up guys ! Hope you're doing well with your trading. On the daily, 4h and 1h charts we can see this massive triangle consolidation. It's not really bearish or bullish, this triangle just signal us that we should have a powerful move soon, up or down. I said 60% down and 40% up because I don't think this correction is over yet, I think bitcoin could see the...

FrederickDupont

Hi guys here's an other Elliott wave option on bitcoin. I don't think we will go lower than that, we have good support between 9 & 8k and I think a lot of buyers are waiting those levels to start buying. Worst case scenario for me bitcoin would drop all the way down to 6-6.5k zone but it's highly unlikely to happen. I don't think the correction is over yet tho, I...

FrederickDupont

From all the possible scenarios that could happened on bitcoin right now, this is for me the most probable one. This is what a corrective Elliott Wave looks like. Those kind of waves (EW), in a corrective market pattern, happens most of the time. Stay tuned for more updates, Fred

FrederickDupont

What's up guys ! hope you're doing well with your trading ! So today I just want to show you what kind of bull market bitcoin could have in the next few years. I think bitcoin will at least hit 100K in this bull market. This Elliot wave shows the major up and down bitcoin could have trying to reach 100K. Stay tuned for more updates, Fred

FrederickDupont

Hi guys ! I can't imagine bitcoin still going up non stop without any good correction. Bitcoin can't go all the way back to 20k from 3k that quick and without any major correction... That's why I think bitcoin may go up a little bit more before a correction but not a lot. A big drop will come sooner than later. I expect bitcoin too drop at least to 9k but I think...

FrederickDupont

This spike was totally unexpected... I thought BTC would probably go touch 6k and then correct, but I never thought it would directly go all the way up to 8k xD I got a little rekt on this one... Sold my bitcoins way too soon a bit over 5k expecting to buy back at 4... Anyway, what's next for bitcoin price ? Well, it will correct. The correction has already...

FrederickDupont

What's up guys ! I don't think bitcoin can go much higher than between 6k-6.5k. There is massive resistance over there and no way bitcoin will crack the big 6k support (now resistance) like it's nothing. After hitting it's top between now and around 6k, I think BTC could drop around 4k, where we can see a lot of support (orange line and SMA 200 week (turquoise...

FrederickDupont

So in my last analysis I was saying that bitcoin should go up to around 5k because of the big bullish triangle we were seeing on the chart. However now bitcoin face massive resistance and the 21 EMA (yellow line) will probably cause a pull back on bitcoin price... The price could drop as low as the 50 monthly SMA (red line) as you can see on the chart. That's...

FrederickDupont

This is a beautiful bullish triangle on bitcoin on the weekly chart + a bullish MACD.

FrederickDupont Updated 

What's up guys so this is the update of my last post on bitcoin where I was saying that bitcoin should go touch the 4k-4.4k zone. So now that it's done, What will happened with bitcoin ? Well on the daily chart we have a pretty good looking bull flag that is about to go test the next level of resistances (little red line and the 50 day moving average). So no lie...

FrederickDupont

Hi guys this is an idea about the US stock market. I seriously don't think we'll go much higher because of the strong resistance stocks face (big orange line) and all the tension with the trade war, government shut down and the potential slow down of the economic and earnings growth... And if stocks do so, then it's not good for bitcoin and all the crypto market....

FrederickDupont Updated 

As you can see on the chart, The US stock market has formed a double top... Which is bearish. As Dow Jones broke the strong turquoise line support and the 200 daily moving average (pink line), the odds are for a continuation of the pull back all the way down to the February low on the yellow support line. Stay tuned for more updates, Fred

FrederickDupont

So we have a beautiful little bounce on bitcoin right now... What can we expect ? Well first, BTC was wayyy overdue for that bounce. Daily RSI was violently oversold. But what now ? On the chart, bitcoin formed a nice descending wedge (which is bullish) and we can also see a solid bull flag is forming with proper volume who validates this flag (good volume for the...

FrederickDupont

Sup guys, so this is my idea of what is the most probable scenario to come in the next year or so. I think bitcoin will maybe go touch this 200 weekly moving average (maybe crack it for a quick period of time), then go sideways for a couple months and then bull run time will be there (hope so lol) ! OK so 3 things to watch here : Volume : See what happened in...

FrederickDupont

This is an Elliott wave on Bitcoin, we are currently in the last and final wave, the fifth one. Bottom should be soon (between 3-4k) ! Stay tuned for more updates, Fred

FrederickDupont Updated 

So again this is just for fun, just to have an idea of where we could be in the 2014 bear... We can see an interesting comparison with 3 important indicators on the BTC monthly chart : The 21 EMA (purple line), The RSI and The MACD. The 21 EMA is acting as support, The RSI is at 55 and the MACD is starting crossing... This happened in 2014-08-01 and this is...

FrederickDupont Updated 

What's up guys ! I just want to share with you this new Bitcoin idea I had couple days ago. Basically, You can see on the chart that BTC kept pace with the same growth (the turquoise line) from the start of it's bull market in mid of 2015 to the beginning of 2017 (which I call Bitcoin ''normal growth'' or ''growth A''). The turquoise triangles on the turquoise...