What better than an AI Meme Coin to poke fun at the ridiculous AI hype?
A pun genius created it for us, it's called Aight.
And if it is almost illusory to want to do technical analysis on an early token - for the moment - with low volatility on Uniswap, I note a tightening of its price within a bullish falling wedge.
"Au diable le trading", I'm a fan of Aight's...
As my title indicates, this plot highlights facts above all:
- Bitcoin price follows "Square Root" channels (SQRT function)
- All with an alternation of local Dips (each time higher than the previous ones) and new All Time High (ATH)
- These cycle Dip always materialize by an RSI 14 under a value of 34, showing an oversold (see my analysis of 2018-12-18 in link...
As for the 1st Cup & Handle of 2021, ROSE (Oasis Network) has just experienced the formation of a 2nd Cup & Handle. Smaller like a fractal of the first C&H.
The bottom and rebound of this new handle has just been validated halfway up the cup.
We are even already seeing a first bullish breakout of this pattern.
Whatever the height of the cup is, add that height...
This is the synthesis of my previous publications!
Here are all the common points between:
- the Ultimate Dip of January 14, 2015 ($ 160)
- and the last known Dip of December 15, 2018 ($ 3200)
-85% retracement from ATH $ 1175>160, same as $ 19930>3200
-45% retracement since the previous ATL $ 250>160, same $ 5775>3200
455 days since takeoff at $ 160>160, same as...
Always the same scenario for 6 months, but still relevant in my opinion,
highlighting again and again the Bear Trap that served to take off from the euphoria phase in 2013 and 2017
as well as the different ATH, Bull Trap, Dips, or even the level of support that became resistance in 2014-2015
and that we find identical in 2018-2019... the human brain reacts in my...
Additional informations for my idea of October 12, 2019 (see Related Ideas) on Bitcoin :
1) 200-day Mobile Average (MA 200) as a bounce zone this year end at $ 6,000.
2) Descending Triangle of my previous idea replaced by a Bearish Parallel Channel: what I interpret as being a big Bullish Flag under construction, like those of the previous 2 speculative bubbles,...
One of my last publications was a bearish continuation Descending Triangle, shown in red, whose $ 6,000 target has still not been reached.
Target at $ 6000 which is confirmed in my opinion by the appearance in the meantime of a Falling Wedge shown in blue on my graph.
But the main information is that the year 2020 seems to me to be the year of a new bullrun for...
Today's bullish breakout is a new historic milestone for Bitcoin!
Indeed, this breakout eliminates the threat of a double top at $ 58k
AND it validates a "Cup & Handle" pattern with a target at $ 75k !
The rebound on the 60% BTC dominance threshold has indeed taken place, see my 1st related idea.
Also, I have already demonstrated to you several times the...
Men - and Albina, Mouchka, Laïka - have never gone further than on the moon.
Thanks to Elon Musk for warning his followers with his tweet "On the actual moon"
...that Doge has reached the extreme top of his speculative bubble,
and it's time to come back to Earth.
End of the joke!
The Bitcoin dominance, until then close to 100%, took off the road in 2017 with real Tulipomania, sorry, I meant: Altcoinomania.
I don't invent this burlesque qualifier of Alcoinomania by chance!
It was indeed a very intense and short-lived speculative bubble ...
... like Tulipomania, the first crash in history (1636-1637).
From the ATH of altcoins dominance...
I have rarely found such clear and bullish chartist signals on an asset, moreover on the reserve of value to possess, gold.
1) Short-term small Falling Wedge: first short-term bullish target, see graph on the right.
2) Ascending Triangle, drawn in red on the left graph: 2nd Bullish target, the most obvious in my opinion!
3) Large Falling Wedge, drawn in blue on...
By this brief unpretentious technical analysis, neither bullish nor bearish, I would like to simply answer the argument of the day, emitted by several Fomo-boys on social networks! =)
For them, having crossed the trend line, even briefly, is proof that Bitcoin is now bullish again and that this bearish trend line no longer exists. o_O
Do not give in to this song...
French-Chinese company created in October 2016 with deployment of their RLC token in April 2017,
which proposes to extend the reduced capacity of Ethereum for the decentralized Cloud.
The different types of actors in this marketplace, namely applications, servers, datasets, are supposed to value their resources in RLC, that is to say, to gain RLC as a server...
My view of the Bitcoin chart is that we are in the presence of a bearish continuation descending triangle whose target deducted from its height is sub-$ 7k before the end of the year.
On the long-term scale, we have already benefited from a rebound on December 15, 2018 of surgical accuracy on the MA 200 (moving average), exactly like January 10, 2015 (see my...
I propose a new trade to take if this chart pattern, a descending triangle in a bearish continuation, is confirmed.
Of course, do not position yourself in Short until the bearish exit is validated.
This possibility is part of the background bearish trend of a larger descending triangle validated in my previous technical analysis, see link associated hereafter.
In my first analysis on BINANCE COIN, I had highlighted the upside impact of the huge "hype" he received from 03-20-2018, on the announcement of BINANCE CHAIN + BINANCE DEX. And I made a connection with a similar new "hype" on the same ad renewed in late January 2019 by Changpeng Zhao (nicknamed CZ), the CEO of BINANCE.
Announcement made by chance by CZ breakout...
BitTorrent is a pair-to-pair transfer protocol that had its moment of glory between 2006 and 2008, to overcome the problem that was once a very unfavorable transmission rate compared to the reception rate.
It was thus a very popular sharing solution to answer this problem a dozen years ago: in 2006, between 60 and 70% of the bandwidth...