As the 200MA and 50MA (Death Cross) looms, we are less than 3.5% from going above BOTH the 50MA and 200MA. As stated before, this was nothing more than shaking out the weak hands. All signs point to sustained growth, which will only be accelerated by economic uncertainty. This is NOT death cross if we break $8903 in the next few days. Maybe this Friday is...
MACD Bullish Divergence on GBTC Two more gaps we need to fill going up. This will happen pre-halving in my opinion. We are over suppressed at this point. January effect should be interesting when everyone gets tax returns. Who thinks people will put money in the market at all time highs before presidential election.... VS going to BTC? LOL "Regardless of...
Source cointelegraph.com This might be a triple top in S&P500. From what I see, we are very slow to break ATH in S&P500. Once that happens I think we only get slightly above 3025 in SPX500 (Maybe up to 3100), which may coincide with Tom Lee's prediction. Basically, more things look good in all markets risk is lowered in other assets like bitcoin. I will be...
Resistance and main support (from 2018) appear to converge with current falling wedge pattern by 11/13. Gaussian channel mid-line and 0.618 Fib Level all correspond to same price and time period. We may get slightly lower despite today's positive movement, but not below convergence price on 11/13. I am NOT a financial advisor. I have been studying charts over 10...
Still long term bullish based on all shown in chart. Between $7400 and $8000 is good for accumulation with 1 year or greater time horizon (although we could see a double up pre-halving). We are going to grind along here for a month in my opinion. Bullish News -Galaxy Digital starting two Bitcoin funds in November 2019 with $25k minimum to open (incoming...
10/16/2019 - PlanB "We are at about 6 months before May 2020 #bitcoin halving. In 2012 btc jumped from $5 to $12 (2.3x) in those 6 months before the halving. In 2016 btc jumped from $350 to $650 (1.7x)." He goes on to say in the RealVision interview that sometime between now and 12/2021 BTC will hit 100k or higher. I believe in this projection. I strongly believe...
Resistance, becomes support, becomes resistance again, back to support. Patience is key here. "Today marks a major milestone for the cryptocurrency, as the 18 millionth Bitcoin is mined, leaving only 3 million BTC remaining out of the hard-capped 21 million BTC supply." -NewsBTC.com Do you really think price should deteriorate much further? Does 95% correlated...
Credit to BitFink for helping me with a chart that compares GBTC value with BTCUSD value. Yellow line - support showing that pre-halving February 27, 2017 (roughly 4 months pre halving) GBTC/BTCUSD touches support at 1.07. Last times this 1.07 line touches price were pullback before bull-run, drop-off after peak or entering bear-market. Chart is mostly...
People are saying that buyers are drying up....but so are sellers. Totally flat price action. Bitcoin is never flat unless it's bear market or accumulation time. I feel this is NOT a bear market as sellers are not willing to short further. Whales are not willing to sell current BTC in volume to create a further drop, because people are HODLing. MACD - still...
This is a pattern continuation from my post earlier today. Looks like finishing the pattern before morning. 30min timeframe TD Sequential getting to 9 count about to complete Cup and Handle. Above $8130 and I think this pattern is confirmation of bullish move imminent. Just crossed 128MA on 30min chart. About to cross 200MA on 30min chart. Both...
Price is going and has crossed center-line of Gaussian Channel. Price above channel is bullish. 1hr, 4hr, and Daily all appear to be following the shorter time-frames. Get it now before it goes 10K!
Seeing the same thing on multiple time frames confirms my bullish perspective. Daily and 15min seeing same possible setup.
Handle has cups with the cup(handle). TD Sequential 9 count coincides with bottom of cup Oct. 23. Bollinger Bands forecasted to squeeze to max around same time (Oct 24.) Top of cup (breakout) coincides with unfilled gap at $10.11 Right side of cup Nov. 5 coincides with down-slope of descending wedge and upward gap-fill. "Stocks with handles shorter than the...
Bullish divergence on weekly holding with 8 count on TD Sequential. Looks like $7700 is the line between bulls/bears. MACD on weekly should be turning bullish around Nov. 4th week, right when chart lines up to pivot upwards. In my opinion we see a slow turn in the next two weeks. Buy it while you can ladies and gentlemen.
Yellow swoop lines are equal (most recent run and forecast line). Blue line bullish divergence. Coincidence? - Support line around $7700, swoop line and bullish divergence line all click together in next weeks for bottom reversal. Sooner is better but max I see is week of November 4th this can lag can continue at this price level, or slow climb up to $8300,...
Credit to BitFink on this for showing me this indicator and showing that current price movement is going up soon. I used the Gaussian channel to forecast the future movement. Blue neon line is forecast line. Red arrows are similar instances of movement. During both times, price falls below Gaussian Channel red area. The red channel descends towards the price and...
Weekly EMA ribbon shows that we have never gone below red line in bull market. Either $7700 is the ultimate bottom, or we break that and enter bear market for several months. In my opinion, this is big money trying to cause individual investors to sell low. They are stealing your bitcoin. We are entering a reversal in next 2 weeks. Credit to BitFink and TheMoon...
GBTC has now finally gone down to touch it's 200MA. I think we go up from here. Only gapfills are above current price action. Possible reversal here but this is getting close. Reasoning GBTC inflows highest since inception (current quarter). More Bitcoin wallets holding over 1000 BTC. Smartmoney is buying. Dumb holders buying high and selling low are giving...