Parabolic SAR is one of the best indicators according to statistical studies.
Parabolic SAR is signaling a bullish impulse on the daily after a strong double bottom on 6800. At the same time, Parabolic SAR on the weekly chart will signal a strong and long upward trend as soon as prices cross 8000-8300 during the next weeks (see related links).
Looking at the trend lines and the Parabolic SAR we can expect a great burst by the end of January, which would initiate the long bullish market typically triggered by incoming "halvings". Current Parabolic SAR values are so close to the prices, so they will signal a new bullish market during the next weeks, as soon as they are surpassed by the prices. Maybe it is...
My previous forecast is confirming:
Stock markets are on the verge of an immense crash, so capitals will look for other high-profitable and fast-tradable assets... Cryptocurrencies will probably attract a huge amount of money, thereby pushing prices to unbelievable numbers. Fear of...
According to fractal, RSI and Stochastic indicators, Bitcoin has probably reached the bottom. An instantaneous plunge to lower prices is possible, but so it is a powerful burst up to 7k, so a risky investor might lose the rocket when trying to skim the last dollars. I expect a recovery of BTC during the following months, reaching 10k around September.
According to very long-term Fibonacci time zones, BTC will experience an inflection point by the beginning of November, thus finishing its current long-term rally. The last top in this rally would occur just before that change in the major trend and would probably locate between $5000 and $8000. Daily RSI and MACD show enough room for this final shot. The ensuing...
BItcoin has developed a triangle that is about to finish. An attempt to break upward the upper line occurred just before the hard fork, but the uncertainty kept people in a expectant stance, ready to take positions. Now, the battle has ended and the war is close to its end. This final triangle may break upward as a consequence of the new trust and support in...
A strong support has been developed at 0.05 BTC, so people is driving DASH back to the top. Notice that the consolidation above 0.08 would break both the current fib level and the top of the sideway channel, thus eliminating any doubt on the upward trend.
According to historical Fibonacci retracements, parabolic-SAR and a the recent break upward in MACD, the next objective may be $885-1000. Reaching the lower or the upper bound depends on the momentum of the rally. RSI and volume will give us some hints as the movement develops. There is enough room in RSI to be consistent with the rally, but reaching the upper...
A divergence between the volume and the value of the index indicates a lack of enthusiasm with this new top. This ocurrs just before August, which is a typically bearish month, and under the systemic risk posed by Deutsche Bank. Moreover, NYSE Margin Debt chart reached a peak some months ago (see...
A pennant formation has appeared and will probably break up within this month. The target price is around $1070, which is close to the last historical top. It coincides with the sum of the breakup price and the height of the the flagpole.
-Triangle continuity pattern.
-It is expected a break upwards in the beginnings of April.
-The intesity of the break is equal to the height of the triangle.
-Low RSI and MACD support the break upwards.
-Fibonacci levels support the expected height of the upwards impulse.
-Objective: surroundings of 700$ in about 2 months.
The hypothesis of my previous chart on the SP500 (see below) seems to be confirmed. Now we can identify the following supports/resistances:
SP500 reached a top in May-June and now it is starting the descent. My recommendation for mid and long term traders is to be short. The risk of being long is now very high; bull traps...
I think that a pitch fan is operating here. It is possible to reach $370-380 by the end of July or in the beginnings of August.
The objective results from:
-Pitch fan (short-term)
-Fibonacci retracements (mid-term)
-Fibonacci fan (very long-term)
-Possible ascending MACD