Numberfive

Numberfive Updated 

Looking good....looking good. Bitcoin is setting up one last time to test and try to break res line of $87600 . Within the next 12 1hr candles (if not sooner) it should start moving UP. It would be nice to see it drop fast to get rid off all those Long stop loss in the GETTEX:82K area then bounce quickly to pick the power needed to go and break the $87600 res...

Numberfive Updated 

Well...well....well, looks like bears still playing lazy. Anyways TIME is running out for bears to make their case so knowing that bearsstill have like 8 to 11 1hr candles to make their case so we came out with 3 scenarios and are as follow. (1)- it breaks out from where it is right now or (2)- It makes another narrow sideways move and then breakout or (3)-...

Numberfive Updated 

Now that Bitcoin has entered the top area of the last stage of the 1hr UP move is time to analyze the chart again and the read is as follow. Within the next six 1hr candles price will start to drop to go and test the $83465 area then pause or make a failed little bounce to then continue lower to the 2nd stage which is the $82645 once it gets there we'll take...

Numberfive Updated 

After this little pullback Bitcoin will have its third and last stage move to the UPside . Buckle up ladies and gentlemen wild volatility is coming back. DON"T BE GREEDY.

Numberfive Updated 

Nice to see a strong move with the Daily TF joining the party but that's not enough. Bitcoin NOT out of the woods yet. We need to see the same move it just did but now on next Weekly candle to confirm the UP move. As of now the move is UP from the 1hr, 4hrs and Daily point of view and once the Weekly candle closes we'll find out if the Weekly also confirms. I...

Numberfive Updated 

Bitcoin from the 1hr pov will drop to the area between $78850 - $77555 to then bounce and continue higher but just to test the $82865 Res line, and as long as the Daily is in extended Bearish mode every bounce will be short lived to then continue lower until the Daily exits the Bearish mode.

Numberfive Updated 

Didn't see it coming that fast, well it is what it is. Now that Bitcoin is getting to a point where the Daily is re-taking the confirmed downtrend direction and possibly the Weekly too (we'll know that in next 2 weeks) is TIME for a bounce from the 1hr pov. Bears still has power to push it down to the area of $74175- $72225 the bounce will be fast and short...

Numberfive Updated 

Within the next 24 to 28 1hr candles (if not sooner) Bitcoin will be ready for another try to bounce and try to print that higher high. Have your bets placed ladies and gentlemen cause volatility is coming back again. Note: If the low is broken and price doesn't climb back above it then all Long bets will be off.

Numberfive

Looks like Bitcoin just cleaned the longs with a nasty wick on Bitstamp. Now it will be heading to the previews high of $85500 and break it. Lets see if this time it holds at least above the $86500 for a couple of days.

Numberfive

Well...well....well, Looks like someone started to build positions above the $85k . Eyes on a quick drop to the $81k line and then pop or it muy startt moving from where it is now. Keep in mind that we still in a Daily downtrend so this pop (if it takes place will be max to the $86k - GETTEX:87K area. We'll follow the move so stay tune.

Numberfive Updated 

Bitcoin from the 1hr pov ( trade last 1 or 2 days) will bounce but don't expect much of it cause the Daily still in confirmed downtrend. Make some money and get out or just wait for a good move once the 4hrs gives us the long signal probably in about 3 to 5 days. stay tune.

Numberfive

Well Bitcoin wasn't able to break above the Weekly zero line $88225 and now its heading to test support at the Daily Zero Line $79325 there's still momentum and TIME to the downside so expect lower prices. next week is a bearish TIME week and even if Bitcoin drops to the base of the channel and stays there moving sideways for the next 2 weeks then the weekly...

Numberfive

Bullish Daily TIME Cycle is almost completed and Bitcoin still playing lazy it hasn't even been able to stay afloat above the $85500 mark and TIME is running out . Needs to print a higher high above the GETTEX:92K line to break the downtrend direction and retake the Weekly uptrend that paused on 2nd week of December 2024 . bulls need to come out and pump...

Numberfive

One more spike up is brewing again on the 1hr tf lets see if this time bulls are able to break above and hold above the $85500 to make the base for the last 4hrs tf break out that will take place around the 22nd (if not sooner) but bulls are NOT showing muscle and TIME is running out. On the 4hrs tf there are two scenarios and both will end marking the next leg...

Numberfive

Bulls are just not pushing enough to get price above the $85500 line and consolidate up there to be ready for the next spike and they're not doing it. But bulls still have like 20 4hrs candles before the next leg down starts and the higher the price is (ideally above $90k) the better . Lets see what happens in the next few days. 4hrs tf still long

Numberfive

Well...Well...well look at Bitcoin it had a nice move but TIME is running out and is not printing a higher high yet and it needs a higher high. By now Bitcoin should be above the $85500 and consolidating up there NOT below $83k. if it keeps in the $80k - FWB:83K range before it reaches the RED vertical line then a test to the recent LOW will follow and most...

Numberfive

We finally are in capitulation zone (SPOT buy area) . New lower low is in place as it was expected . There's still TIME for bears to push prices to the 72k - 73K area but we are due for a bounce within the next three 4hrs candles whatever the drop is that's gonna be the BOTTOM . If we bounce from the $75500 line then the bounce most likely will be short lived but...

Numberfive

Week # 12 just arrived and capitulation with it. Daily downtrend is almost complete . We have two bounce points areas (green shadeds) one for the 1hr TIME Cycle which is about to start and the other for the 4hrs TIME Cycle which will start probably by Tuesday 11th (if not sooner). The 1hr TIME Cycle it won't yield much (about 2k or 3K) cause the 4hrs Cycle...