Support seems to be quite strong at the 550s level, pushing it up 3 separate times so far. That said, another test of this level without a breakdown seems unlikely. The question is, when and where do we break out of this long descending triangle? Fear not, super moon is here! This lunar event, where the full moon and a lunar perigee (moon closest to the...
This is my previous idea, showing a bull run to 60x before a small retrace. Apparently, I didn't have enough faith in my own idea because I took profit in the 590 range after seeing all the hysteria on Tradingview about another crash. This chart was beautifully accurate, and I am still expecting more bullish moves, but I am waiting until it gets close to the...
I expect the price to reach 600 before crossing the blue trendline, then there will be a small correction. Exit at 600 and wait until further analysis can be done. If it crosses the trendline before this, I would consider taking profit and waiting.
I'm really just experimenting here. I don't know a lot about this pattern. Is this a cup and handle? I know it's a small time frame, but I was curious. Thanks.
Support has successfully held the price above 554.45 on stamp. Wait for channel break for safe confirmation of a bull run to 60x. This is right on par with another idea I had recently calling for one more low before a rise to 60x, a small retrace and another bull run at the time of the full moon on Aug. 11. So far, so good. Don't miss the rocket! Input...
You'll see there have been a lot of bearish sentiments lately, but in particular, a lot of bulls turning into long-term bears that have re-evaluated their positions, especially in the comments section of many of the latest ideas here. In spite of all this, the price hasn't even gone that low and seems to be finding a lot of support, currently bouncing off the...
Bitcoin has been declining steadily for almost 2 weeks. How long can the bears last? Still no major crash and increasing volume. Next full moon is Aug. 11, which is a likely bullish signal, but I believe the price will begin moving before then, followed by a stronger bull move at the time. In the meantime, we may experience one more leg down via the...
I don't know how to make a dual-display chart yet if I even can, but you may notice that the pattern playing out here seems to be eerily similar to the pre-China "sideways" movement, for which a very similar wedge can be drawn, and which was interrupted by the Silk Road seizure flash crash. Whether or not a similar crash is repeated, this seems like it could be...
We are on the verge of a breakout, but it is hard to tell in which direction. I tend to think it will break out to the upside, but bad news could easily tip it the other way. There are some lunar aspects that indicate a trend change, but what exactly is the trend? We have been going pretty much sideways, so it is hard to tell if this is significant. Other...
It's a little messy, but this is what I'm seeing right now. The moon phases, along with other lunar phenomena, give some pretty good clues as to what the price will do in the coming months. I have drawn the overall moon phase trends as well as levels where I believe short-term double taps of support/resistance levels served as reliable short-term entry/exit...
It seems my old trend line has been breached. That said, it did not result in the significant downward move I was expecting. That's why I've adopted this one, which lines up nicely with all of the significant points on the graph, most importantly the launch pad for the current uptrend at around $441 and the "final capitulation" before that in which it was...
We are running into strong support at about 610, and possibly a double bottom on BTC-E and Bitfinex. If it makes it past these levels, watch out because that would indicate to me that the bull run has turned bear and would threaten the sanctity of the long-term log trend line. There's a short-term bear trend developing, which comes to a point at the long-term...
This graph shows how the price lines up with fib retrace levels when you take the entire bull run into account from the low of ~$538. At this point, the price has met the 38.2% fib retracement on low volume, indicating the bulls may be returning. I don't expect the price to go any lower than 610. As always, I welcome any comments or input.
Overall still very bullish medium-term. I think next target is in the 800 range. I'm still a rookie, so input is appreciated as always.
We are currently sitting right at the long term log trend line at the 50% fib retracement. Supposedly bullish news coming tomorrow, which also happens to be the day of a new moon at max declination (farthest position from earth's equator at ~20 degrees N). Also, a moon apogee is close on June 30 (moon farthest away from earth). This all indicates an impending...
I'm a novice trader, so any input is appreciated. I'm long on BTC, as I believe it will break upward out of this triangle. It could make a sharp move down to the long trend, but I don't think that's likely unless there is bad news. Incidentally, the end of the triangle lines up with the SR auction. I realize I'm drawing these lines on the candle wicks instead...
This is my first idea. Based on past bubbles, this is what I expect to happen. We're just now reaching a three quarters moon along with a lunar apogee (moon farthest from the earth) two days apart, which coincides with the timing of the pullback during the last bubble. Since this seems to have played out as I expected it, this is where I think it will go from...