OrigamiOracle

OrigamiOracle

Inverse Head & Shoulders (IH&S) pattern on decreasing volume after 5 wave impulse suggests potential bearish continuation.

OrigamiOracle

Global markets are at the end of a leveraging cycle. The next phase is a deleveraging, beginning with deflation, and ending in hyperinflation. 1. Deflation: cash is king, value will be stored in USD. This is estimated to last 10 - 15 years. 2. Hyperinflation: The purchasing power of cash degrades, people will seek alternative means to store their value. Bitcoin...

OrigamiOracle

Price appears to have completed a 3 gap sequence. The exhaustion gap is likely to be filled, while the runaway could provide short term support. Long term I expect a steady bear market to form for approximately 10 years, until $1000 is reached.

OrigamiOracle Updated 

This would constitute an extended B wave, suggesting a very strong correction after reaching the target. Caution should be taken since the market is over leveraged and will fall hard when it finally corrects. Side: long Entry: 33800.0 Stop Loss: 29199.0 Target: 47444.0 RR(BTC): 1.80 RR(USD): 2.97

OrigamiOracle Updated 

Trade 1: Side: Short Entry: 37000.0 Stop Loss: 42101.0 Target: 25007.0 RR(BTC): 3.90 RR(USD): 2.35 Trade 2: Side: long Entry: 24507.0 Stop Loss: 19999.0 Target: 31444.0 RR(BTC): 0.97 RR(USD): 1.54

OrigamiOracle

Green box = demand zone at 4th wave and 50% retracement , providing long opportunity. Diagonal lines = upper and lower thirds of Fibonacci fans. Vertical lines = Fibonacci time zones with 0 at Nov '18 and 1 at Jun '19. Horizontal lines = key levels of Fibonacci retracement from $1,000 to $20,000. Trade 1: Side: long Entry: 11671.0 Stop Loss: 8887.0 Target:...

OrigamiOracle

Head and shoulders visible on the weekly chart. Pattern has been confirmed with a neckline break and now appears to be completing the return move. Stop loss above head, target projected from height of head placed at neckline break.

OrigamiOracle

This is an update to my post outlining a 10 year trade plan for Bitcoin. The same reasoning is applied with updated targets. The primary target is $1,000 in 10 years. $1,000 is expected due to the breakdown of the 2017 hyerwave - a pattern which now predicts a return to the horizontal resistance and breakout level when the bubble began. 10 years is expected...

OrigamiOracle

The market appears to be in an extended ABC pattern. Price has recently touched the 1.5 horizontal extension from $1,000 to $20,000 (yellow), as well as the 1.33 and -1 diagonal extensions (blue) - indicating a potential top. White bar pattern represents the correction from $20,000 to $3,333 (white box). This was placed with the high at the current price and the...

OrigamiOracle

Potential Extended B wave to higher high of $30,000. Long term correction expected to reach $1000 by 2030 before beginning the next bubble.

OrigamiOracle Updated 

Side: Short Entry: 11930.0 Stop Loss: 12223.0 Target: 10461.0 RR(BTC): 5.47 RR(USD): 5.01

OrigamiOracle Updated 

Side: Short Entry: 11341.0 Stop Loss: 11801.0 Target: 10421.0 RR(BTC): 2.09 RR(USD): 2.00

OrigamiOracle Updated 

Active Trades: 2-Oct-20: Side: long Entry: 10561.0 Stop Loss: 10189.0 Target: 11744.0 RR( BTC ): 2.61 RR(USD): 3.18 19-Sep-20: Side: long Entry: 10225.0 Stop Loss: 9579.0 Target: 11589.0 RR(BTC): 1.68 RR(USD): 2.11

OrigamiOracle Updated 

Trade 1: Side: Short Entry: 11744.0 Stop Loss: 12501.0 Target: 6571.0 RR(BTC): 12.65 RR(USD): 6.83 Trade 2: Side: long Entry: 5871.0 Stop Loss: 3544.0 Target: 18889.0 RR(BTC): 1.04 RR(USD): 5.59

OrigamiOracle Updated 

Side: long Entry: 10561.0 Stop Loss: 10189.0 Target: 11744.0 RR(BTC): 2.61 RR(USD): 3.18

OrigamiOracle Updated 

Side: Short Entry: 11327.0 Stop Loss: 12671.0 Target: 8501.0 RR(BTC): 3.08 RR(USD): 2.10

OrigamiOracle Updated 

Side: long Entry: 10171.0 Stop Loss: 9689.0 Target: 11589.0 RR(BTC): 2.36 RR(USD): 2.94

OrigamiOracle Updated 

Potential Head and Shoulders formation with bearish volume bias. Right shoulder presents short entry opportunity at local supply zone (red box). Stop loss should be placed above the head as this would invalidate the pattern. Target is at long term point of control (highest volume traded; 8500): Side: Short Entry: 11589.0 Stop...