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after price shot up right into the target zone, don't expect this rally to go any further from here. After two weeks of decreasing volatility, the overall trend should kick in again, continuing with the second -35% move down into the $240 zone.
Above chart screwed up by update, fixed version:
A way to predict not just time and price of the next bottom but also the target of the bounce to follow, you've asked for? Well there you have it!
I have been trading this phenomenon for a few months on smaller timeframes already and it...
Given it's only an hour or two until the continuation of this lovely bear fest, here's a 5W lookout entirely based on cyclic patterns and other time tools not shown (which were mainly used to calibrate positioning/flipping of certain parts of fractals).
Current leading fractal in brightest blue.
Zoom out for classic bonus bubble prediction! (Cypher to $980)
Quick n dirty because my tab got closed twice and it's already going up (thanks Ob--Opera gestures) q_q
15h consolidation cluster succeeding last low, preceding correction no2, which, in turn, is preceding "Beautifull Hed and Shouders" idea, followed by last impulse.
Waves could be completely different, targets and pivot times shouldn't.
Will post analysis if...
24h lookout, elaborated this time, and based on my spartan cyclic fractal strategy.
The red cycle (blue=mid-cycle of former) has been valid for 24 days already, since the drop from $620, and I expect it to get broken today.
Price just plummeted at the downtrend cycle (i.e. it launched a new trend impulse), confirming that the trend is still intact and going...
Plain prediction of both level and time, just add buy order. Low-line to be taken seriously, consider it a target range.
Important edit: time lines mixed up, sorry!
Bitcoin will be soon making pivotal long-term decisions; the journey that began in 2012 is coming to an end, lads.
For the big screen, in a couple of ways.
I've had this one lying around for quite a while but I thought now before the big red rendezvous with the golden line is a good time to publish it, without a subsequent vast amount of inquiries about my mental...
My minuscle objection to "Breakout!!1-longto3000" ideas based on smaller exchanges' data, where so-called breakouts can be and were generated by single orders.
Darker patterns for comparison only. There's a chance the second pullback won't happen and instead it's going to drop right away somewhere near the middle of the cycle. Take care if you're still long there.
Just a quick fix of an old idea; cycles were somewhat off resulting in the projected correction being possibly too short. Pretty much all tools are lining up in an amazing fashion now as well :)
The start will probably be parabolic instead of a drop like that in the chart pattern.
Buy signal at 595 (brown resistance), just in case.
Quick chart for reference. The fact that the local reversal line (dashed green) is at an oversold instead of -bought this time means reversal of the large trend.
It missed my 6 days old target (3466) by less than 0.1% (though the timeframe was pretty off), let's see where the bulls can take this now that they finally got a chance.
Make sure to take profits on...