If you were following my last idea you would have saw that I described a scenario where we could have formed a double bottom at 7200 before making a bullish reversal. Unfortunately, we failed to gain support at 7200 and had an Elliot wave failure while tracing out our "B" correction wave. This post covers the last update I left on my previous idea.
What you're...
Before I start I would like to point out that this post ignores fundamental and sentimental analysis. Because of that I understand this scenario is unlikely to unfold exactly as it has in the past but I still thought it was interesting enough to share.
As you can tell this is the one week chart for Bitcoin extending all the way back to the crash of 2014. Let's...
Hello everybody! This post covers a long term bullish case for Bitcoin.
First thing you'll notice is the rising black trend line that we recently came close to but luckily strayed away from. If you followed my last post you would know I predicted the 7300 bottom that formed. Next, four of the past five days had bullish volume -- three were above the moving...
Hello everybody! Right now we are looking at the 2h chart for Bitcoin.
My current analysis has led me to believe we are going to dip slightly below our previous bottom of 7350 where we will rebound off the .786 Fibonacci retracement level at 7150. Taking on a more conservative view, I do believe there is potential for us to go as low as 6800. In either case, I do...
Hello everybody, what an interesting past couple of weeks it's been! Right now we are looking at the 2h chart for Bitcoin.
I have outlined two scenarios that should help determine the future price of BTC. My intuition tells me the bull case is more likely but as always we need to keep the downside potential in mind.
BULL CASE: We recently formed a bottom at...
What's up everybody. I'm here today to offer my insight regarding Bitcoin's recent price action.
Right here we're looking at the 4h chart for BTC with a lot of things going on. First, you'll notice a strong green uptrend that goes all the way back to 01/01/2017. This green uptrend is being challenged by a bearish downtrend that began forming after the highs we...
![BTCUSD: [BTC] To 5900 We Go!](https://s3.tradingview.com/j/jPkk1WiW_mid.png "[BTC] To 5900 We Go!")
![BTCUSD: [BTC] Calm Before the Storm](https://s3.tradingview.com/w/wer75axJ_mid.png "[BTC] Calm Before the Storm")
![BTCUSD: [BTC] Double Bottom Followed by Subsequent Rally to 9k ?](https://s3.tradingview.com/l/lfhqAr7n_mid.png "[BTC] Double Bottom Followed by Subsequent Rally to 9k ?")
![BTCUSD: [BTC] Bulls We Need YOU! Rally to 10k?](https://s3.tradingview.com/e/EB0CH0wv_mid.png "[BTC] Bulls We Need YOU! Rally to 10k?")
