Bitcoin might not go to the moon as lots of people shout since some time, with very high probabilities, IF : Bitcoin closes below the 200 Smma for several days (pink) , which would settle Bitcoin trapped inside a defined bear market. Settling below means we will see, still with very high probabilities, this famous slow and long decline of value type of pattern,...
Hi traders, Bitcoin seems to start having symptoms of creating a pattern structure of slow and long value decline, as it yet appeared during the previous crashes. This pattern is the most likely pattern to be foreseen in a near future, unless some whales and/or institutions suddenly decide to inject trillions of dollars in this market, which is extremely ...
Hi traders, Let's have a quick analisys of the current Bitcoin structure. Since the 20k levels, we formed a lower high around the 11.500$, and another lower high around the 10.000$. Bitcoin formed a low of 5.800$, and a higher low around the 6.300$. Bitcoin is trapped inside a pennant, and could not reach yet the 11.500$ levels of February. I feel some danger...
Hi, I compared many times Bitcoin crashing pattern as a x50 speed Nasdaq Composite crashing pattern, both shared some important similarities. I was expecting an important Bull trap to happen, but the short squeeze, coupled with the double bottom of the February lows, could greatly impact the market mood, and could change the structure and the price levels that...
Hi traders, I am still in holidays, so this update will be a quick one. I had set up in the previous TA a resistance around 8.150, we are close to this level that might be supportive and create a reversal to the 10.400$. We have a strong resistance around 7.800$, last month there was no more sellers in this area ( see below) 7.800 should be supportive and act as...
Let's see if history repeats itself. Bitcoin charts will probably become legendary for bubble patterns studying, for the next generations of economists and traders, and why not Bitcoin users.
Hi traders, You will find every level of Fibonacci needed to anticipate potential local or permanent reversals, we do not know how Bitcoin will behave. So far since the 6.500$ reversal area, Fibonacci levels acted as a resistance and created local pull backs. You can yet only pay attention to the black lines. The orange lines are targets in case the...
Hi traders, As Btc is approaching the 0.50 Fibonacci level, we are having an overbought Rsi, decreasing buy volume, and a double resistance formed by the 50 Smma and the 0.50 Fibonacci level. A possible evening doji star is beeing formed, though we do not know yet if this candlestick will keep this form until day closes. This accumulation of signals could lead to...
As expected, Bitcoin is still in its process of making its strong bull trap (or rally know knows). We can see that the Fibonacci levels are acting as resistances and these levels can give us signs of when to trigger our sell moves for the alts if you swing trade or day trade (When Btc reaches this Fibo level, it can allow you to sell your alts). But lots of alts...
Have you ever heard of the April Bitcoin bullish wave? it is true and generally happening, for some reason the period starting from April to the summer time has a tendency to form bullish patterns and rallyes. Reason of a post tax period in the U.S? Reason that investors and big investors prefer post christmas time to start investing and rebuying as it is the...
Hi traders, Let's have a look at the big picture of Bitcoin, as you probably noticed the local patterns are a bit messy and unpredictable, having a look at them might destabilize the less courageous buyers that could panic sell in these important moments. Let us stay calm and forget about this crazy volatility and the pumps and dumps. Let's take a pause and...
Hi traders, The breakout of the top line resistance could be seen as a buy opportunity if you missed the yesterday's Btc 7.810$ entry. Xrp is a sort of lagger since the past few days, but it probably is accumulating and the breakout could pop with a violent raise, and then could be interesting to trade. Millions of Japanese and Koreans are lurking Xrp every day,...
Hi traders! After some long weeks of waiting for this awesome partnership moment, we were so thrilled sharing this amazing moment of our life with Verge and... hey hey, heyyyyy! Well, the graphic seems to show that this might not have been the best partnership ever for Verge. Buy the rumor, sell the news still seems to be a valid proverb. Oh by the way, you...
Hi traders, Bull trap or not bull trap, it would not be wise not to trade at the moment, especially Alts (this is why i am almost only posting Btc charts, it should lead you the way to your alts decisions). We are still inside a pullback area, so a pullback is likely to happen. Adding at the .786 Fibonacci could be a good entry. Can it go lower? Absolutely. A...
Hi traders, Monero, the Lord of the dark web, is yet still alive. Contrary to lots of the main alt coins, Monero did not break its line of life, and seems to have recently deployed a sort of parachute, making it locally bottom around the 160$. It is still in a downtrend, but it is dropping at a slower rate than most of the coins, and its RSI is still not low. We...
Hi traders, Before i start, for the people not following me, what happened to day was a massive short squeeze (short sellers had to close their positions), short positions were extremely high, and were forming a parabolic uptrend: this created this massive Bitcoin raise. This is not a pump due to George Soros, governments investing in Btc, Illuminatis, JP Morgan,...
Hi Traders, Let's quickly examine Bitcoin and Gold. Yesterday (or today for somes), we saw another uncle, uncle Donald, using his favourite official communication platform, Twitter, to officially announce he would not hesitate to send missiles in the face of the Syrian army, criticizing the russians, saying how worse the relations were now between them. Few days...
Hi traders, I hope you are doing good. I also hope you are ready to say "Hi" to uncle George, daddy Rockefeller, and cousin Rothschild. Because one of them today, i would guess uncle George, just said "Hi" to us while visiting his new Playground, the Bitcoin market. In case you are not familiar with Mister George Soros, he is the man who planned a coordinated...