Quick Update on Bitcoin,,
Let me tell you something, don't to be too optimistic until you got a clear vision. BULLS???
A bit simple analysis but this will give you more confidence about what is happening right now in bitcoin.
As you now, my analysis tell you to short, here it is my explanation.
The chart tells me that there are several points that you need to...
Hello again welcome back with me..
I found this pattern repeating on the bitcoin correction from the peak.
In my opinion, bitcoin correction should be longer than the previous one, and here is my analysis...
The first top happened on 6th June 11 at 31.90 and then corrected to 2.01 on 14 November 11, its approximately about 161 Days. I use Fibonacci Extension to...
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Another update from my previous analysis that so far working really good as bitcoin can not close above 8270 on the daily timeframe then dropping hard to 7300 level.
Just a few adjustment on the Elliot wave down for the Major 5th wave, right now in my opinion is the dead cat bounce before go down to 6900, then back up to 7450, the...
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Another Quick pattern analysis.. You guys should be aware with this pattern, because this can be your opportunity or your nightmare!
Bitcoin now is following the same pattern back on 20th-19th May 2019, I in my oppinion, it could repeat the massive drop to 6178 like on 17th May.
Underline this, It will happen just if bitcoin on the daily...
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Quick analysis, bitcoin is forming an ascending broadening wedge as you can see it in the chart. I draw lines for upper resistance and lower support from body to body candle on 4H timeframe. As of now it perfectly bounce little when it touch the lower line.
As long as the lower line hold, it can make a run up back to the upper...
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So far bitcoin is on the middle of the flat channel, indecisive zone.
I got some descending volume here that would indicate a big movement is going to happen before 18th September.
Please leave a like and comment, which colour do you choose? Big Green or Big Red Candle??? :))
Play safe, better to play the breakout. This...
Hello guys, quick analysis again..
Bull flag and bear flag pattern, flat channel on weekly will give you a clear sign, now bitcoin is on a bear flag or a flat channel that will invalidate if it goes up and make a higher high more than 8513. But this pattern will continue to make bitcoin down to around 5800-6000 if it break the lower channel at 7714.
HERE WE GO GUYS..
Without any long explanation, I will show you that this is the bonus time and you should not be affraid because the 4th wave is done in my oppinion.
Sideways movement until end of October then BOOM! 19000 is on the table, mark my words.
Big opportunity is here.
Well done who follow me to short from previous pattern,
I'd like to show you the other one, and I would say that this bitcoin is on the 4th wave of 1st impulse wave. The 4th wave is the most complicated, and usually form as ABCDE. And now its on the last E wave before go higher than previous high at 13880.
So I expect bitcoin to touch one more the bottom...
Well, new fractal is forming in bitcoin chart, will it continue ???
Higher than 10850 and stay above it more than 12 hour gonna invalidated this fractal for sure.
See you tomorrow.
Happy Trade and Play Safe.
I found this correlation on bitcoin history that I personally believe it will happens in this correction before the price continue to go up higher.
Please read it carefully, while open your chart.
23 November 2013 correction to 12 January 2015
Go up to 61.8% fibonacci retracement on 13 June 2016
Then drop to 50% fibonacci retracement on 1 August 2016
Hello my friend, welcome back with my latest Bitcoin analysis..
In my oppinion, Bitcoin is on progress making same fractal that will lead it push the price toward 9400-9600 area which is for me that is the ultimate area for shorters, before the big correction, VERY BIG??? Maybe. Because several indicator especially on the weekly time frame are informing that the...
BITCOIN, repeating the same old pattern like in MAY 2015..
This sideways flat movement happened, again??? It can bring bitcoin to make a higher high in a week or two.
My chart shows you all the truth, hope it can help you. Cheers! :)
When you think so difficult to predict where bitcoin wants to go, here is the simple think that you need to see.
Just look at the weekly chart, it's so CLEAR for now that we are on the 5 of C correction wave! It means one more wave down and lower low for bitcoin!
Well, I will show you something interesting. I use Fibonacci extension to see where...
Hello Guys, here is my simple analysis about bitcoin..
Bitcoin still on an A B C correction, if you see on weekly chart, we will got clear perspective for this massive correction.
As you can see on weekly chart, for this week bitcoin still on 4 of C wave, it means that bitcoin needs to finish the last 5 of C wave on the coming week.
Based on elliot waves rules,...
Well, Bitcoin is doing something good around the 4H chart, the pattern (red circle) looks gonna happen again for the final 5 of C correction wave. MACD Indicator looks like it will touch the upper triangle line (one more time touch 7300-7400 level), then it will go down for the last time in this A B C correction. Expected price around 5800-6000 (the last 5 of C...