GDuBFX

GDuBFX Updated 

Looking back at the historical long term chart you can clearly see that it has a long term upwards trend with periods of corrections in a downwards channel 3 times. I've marked on my chart the lower and upper bands of the upwards trend and also the downwards corrections. It is clear as day that the long term upwards trend has continued, it has broken up out of...

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Only time will tell if this is distribution or re-accumulation. I think it is the latter personally

GDuBFX Updated 

As you can see on my weekly chart, the weekly RSI has broken up out of the falling wedge pattern that mirrors the wedge that is on the price action. Is this a sign of what's to come on the price action? I definitely think so! If you have been following my previous posts, I have remained bullish since early june, despite all the negative news / fundamentals like...

GDuBFX Updated 

It has been a while since I last posted, because the Wyckoff idea i had suggested on the shorter term was invalidated. I closed my long in profit, as it had broken down out of what appears to have been a leading diagonal pattern (which I had been keeping my eye on). As a result of this, I have been re-analysing and trying to establish my view of the elliot...

GDuBFX Updated 

Good morning Traders, Following my previous analysis, I have updated my chart to show my thoughts on what's happening. Following the "sign of strength (SOS)" stage, we have seen a re-test of the "last position of support (LPS) stage and have now seen the typical continuation pattern / shape you would expect following the "SOS", where the price is converging...

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Lots of people are suggesting bitcoin will go down to 13k, 10k etc... but when we are in a long term bullish trend, in a continuation pattern (falling wedge) on the log chart and price has yet to break down out of a long term upwards trend line/ channel, along with staying above the support / resistance levels of the 2017/2018 high price, then ask yourself, us the...

GDuBFX Updated 

Good morning traders, I have been a little busy recently, so haven't had chance to provide an update on my wyckoff accumulation idea. As you can see on my chart, we are well and truly in to the new bullish trend that follows a wyckoff accumulation pattern and from the looks of things there is a Leading diagonal pattern forming, made up from waves and the sub...

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To continue on from the wyckoff accumaltion posts I have shared, I now believe the "Phase E" of the wyckoff schematic is in full swing and the new trend has begun. As you can see on my chart there is a new upwards channel being formed consisting of higher highs and higher lows, so I think this is a sign that the trend has now changed and I have marked up my...

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If you have been following my ideas, you will have seen I had posted that we had the "SOS" sign of strength stage and we were entering the phase e of the pattern. This turned out to be incorrect and as you can see on my updated chart, I have now marked this up again. The price has come down in a bull flag following the SOS which has now shaken out and stop...

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Following on from my previous ideas and to provide an update, whilst most people may be looking at the upwards channel being broken, I am still looking at this as a correction on the 3rd wave and is currently in a bull flag shape. I have just accumulated another position to add to my holdings.

GDuBFX Updated 

Good morning traders, please see my previous analysis of the wyckoff accumulation (linked to this idea at the bottom). I have now cleaned up my chart as it was starting to get a little bit too busy. I have measured the fibonacci extension levels and drawn these on but removed the extensions tool and added in my predictions for price movements. I am expecting...

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Following on from my previous ideas, the wyckoff accumulation has entered the final phase. As shown on the chart I have indicated my predictions of the next movements using elliot waves (including 3 different degrees of waves). The primary wave 1 (Red numbers) I am expecting to finish at around 27500-28000. This will then have a correction to around the previous...

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Good morning traders... Just a quick n update on my previous posts about the wyckoff accumulation... the price appears to be finding support around the previous resistance levels I suggested. Whilst most people will be looking at this as an abcde bear flag pattern which has been completed, I am taking a different view still. I have drawn on the trend lines for...

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As suggested yesterday, the price has rallied up to the "SOS" sign of strength stage in the wyckoff accumulation and is now retracing backwards. As per my predictions yesterday, I think the "AR" resistance level as highlighted on my chart will act as the level of support before moving in to "Phase E" of the Wyckoff accumulation. Phase E will be expected to break...

GDuBFX Updated 

Please read the description on the linked idea - the chart didn't capture correctly

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If you don't understand the wyckoff schematics, go research it on Google and you will find a similar picture to the one I have drawn. A good one is on the binance dot com academy. This analysis adds in to my last analysis of the weekly chart where I mentioned the bitcoin rocket is soon to take off. It looks like we are in "Phase D" of the Wyckoff accumulation...

GDuBFX

Disclaimer: This is my own thoughts based on my own analysis and is not trade advice. Do your own research and analysis to come to your own conclusions and only use mine to cross reference against your own analysis. Previously I published an idea suggesting bitcoin would come down to between 18-20k and it seems to be forming a 5 wave cycle in a channel. That...

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The previous chart didn't capture correctly, so read description on my previous idea