Time to see which channel is on play.
BUY IF: Bottom of ascending channel (green)
becomes tested, bounces, and breaks above top of
descending channel (red).
SELL IF: Bottom of ascending channel (green) breaks
below, then top of descending channel (red) becomes
tested but doesn't break upwards.
Two possible channels in play.
One has been previously confirmed: a bullish channel eversince a bit after the March market crash.
The other is an uncofirmed bearish channel started since we've begun bleeding at the 12K mark.
Which one of the two is the true underlying channel at play, should be decided October 15th.
This is not financial advice, proceed...
If we're before a yet unconfirmed bearish phase, this is a likely scenario.
You can trade within the bearish channel.
A minimal market run-up usually always follow the days prior a new POTUS election.
I think we can expect markets continue to fall whether Trump or Biden get elected.
It will only stop falling until long-term Bitcoin channel bottoms are...
Three White Soldiers figure like we've seen at the end of July, followed by a bump in 10-20% magnitude -- posible scenario.
This signal is BUY, but this is not financial advice. Do your own research, get to your own conclusions.
Constructive criticism: Comment section.
This is the fractal/pattern that went on from June to August, and the price action looks nearly identical except compressed (just a little bit).
According to this pattern that may or may not repeat, we might be just a week to ten days away from a decisive point, where BTC should bump up to the next level, around 13-14K.
The blue line is resistence at 12.000 USD,...
Scenario still at play. 1 BTC = 14-15K USD for September-October-November of 2020 following simple trend inertia guided by ascending channel on weekly candles.
Predominance of buying volume overall. Selling volume is only higher when it hits, but immediately after this, steady and considerable amount of buying volume, shows up for...
I'm using simple chart/pattern analysis and correlating it to what pattern we might be having in our hands and short/mid term future we might be having before us. Let me know what you think in the comments. Does this represent an accurate pattern-read to you? Let me know. Cheers.
After a few months of uncertainty (sideways movement) BTC finally breaks upwards, possibly beginning to end the bearish cycle initiated since its ATH (All Time High) in December 2017. Actually the general bearish tendency since Dec-17 isn't "over" until we get past 20K USD per 1 BTC... but it very well could be we're going to do just that.
This is just the harmonious curves resulting in the geometric averages between highs and lows of historical cycles.
You should use this as a baseline to buy and sell BTC, depending on your event horizon (in time).
This is more of a HODLer or LONGer investment plan than short, but it should provide a baseline to you.
Also, I'm not a technical analyst, I just like...
Hi. In this simple illustration I want to show you clear indicators on how BTC has been gradually losing strength and momentum eversince Dec-17 ATH (All-Time-High).
Notice how Dec-17 rally was exponential on a wide range, whereas subsequent rallies lost range one after the other, until right now, when the radical difference nobody seems to be pointing out is that...
Buenas, les comparto este (intendo de / borrador de) análisis técnico muy rudimentario basado en canales lineales y sus medianas. Es sobre BTC histórico.
En el mismo, se puede apreciar (algo que muchos probablemente ya saben más que yo), que estamos en un punto "crucial", tocando los techos de los canales bajistas históricos de BTC, en BTC:USD, donde quizás romper...