Procinctu

Procinctu

Here is a POSSIBLE resolution to the end of the Bitcoin Bear Market. I did one of these before, but it was predicated on a higher high that never came... so here is an updated version. This one is obviously predicated on 'the bottom' already being in... which NOBODY truly knows for sure. Anyway, in this possible Bitcoin Bear ending, the last best time to...

Procinctu

Litecoin! History repeats until it does not. Note Litecoin 2014-2015 vs Litecoin 2018-2019 Three Peaks A low, turned (quasi) descending triangle Fallout, with rounding bottom, corresponding with RSI oversold to overbought rotation High, followed by a big drop into consolidation for next bull run ?? The similarities are undeniable. What remains to be seen is if...

Procinctu Updated 

As Bitcoin met expected resistance around $4,100...I am entering a short term short position. Note the RSI divergence on the hourly chart, and such divergence, when it occurs at a resistance (or support the other way) carries more weight than a random one. I'm looking for bitcoin to come back at least to $3,874. But more than a short, I've sold an amount of...

Procinctu

Will history repeat again for Digibyte? Not much more to add... it's color coded. Travis JMJ - UIOGD

Procinctu Updated 

From here, i say it's about 50/50 that bitcoin tanks further, or goes on a big bullish move. Bitcoin is clinging on to it's last support before another big drop into the 2000's. And neither of the previous supports provided much of a bounce, especially not that violent V bottom that a bull would hope to see. Also, the alts are just making new lows over and over...

Procinctu

Wanted to highlight a support that some may not see. Drawn from the thus far bottom, these are the Gann Fan lines for bitcoin. There are many touches within all of the lines, so I think it is very reliable... Further, I can not interpret the price movement as bullish at this time, as the action should be above the 1/1, not below, and not only below, but testing...

Procinctu

I wanted to point out the channel that has been formed off of the (thus far) crypto bottom. Ethereum Classic has actually made a higher high in price, but found resistance at the top of its channel. Bitcoin is nearing the support of its channel, so really needs to see a bounce soon, and not fall below the channel. Also, ETC/BTC pair printed an 83+ on hourly...

Procinctu

As in my previous chart.... I'm working on a post for the price prediction of Bitcoin. Here is another chart that is relevant. AMZN got as low as $10 after the bubble back then.

Procinctu

I'm working on a post for the price prediction of Bitcoin. Here is a chart that I am using to help.

Procinctu Updated 

Gold has been getting hammered in recent weeks. But now could be the time for GLD to get off the mat. The big glaring point is a three pointed bullish RSI divergence on the daily chart. Other indicators are also oversold, and have the whole road available to travel. Also, previous behavior in GLD is that it often forms these V-bottom patterns when it...

Procinctu Updated 

We are in the midst of 7 straight red candles on the daily chart for Bitcoin. The last time this happened was in September of 2017. The longest before that was an 8 day streak in January of 2016. In BOTH of those instances, Bitcoin regained (fibonacci retracement) 61.8% of the loss within 4-5 days of the bottom. This is valuable info in setting a target if it...

Procinctu Updated 

I recommend looking for a long BTC trade here. As you can see, price is currently at a support off of an uptrend line. A parallel of this line was able to pause the fall on July 31, before price continued lower. Chances are higher that this current line will halt the drop and possibly push higher. Indicators are much less overheated as they were on July...

Procinctu Updated 

On March 1, BTC finally was north of the major downward channel. There also was a potential inverted head and shoulders setting up, though not the best looking. But this was still a big test to see if BTC was ready to resume higher, or if more time was needed to find consolidation. On March 5, XRP was (from what I could tell) the first to break above neckline of...

Procinctu Updated 

There is a Bollinger Band squeeze setting up on various time frames for Litecoin (LTC). Other coins are showing the same. Look for increased volatility very soon. The last few times the bollinger band width has been this low in litecoin, the result has been a dump lower. This is expected as it has been a bearish market on all time frames. But then for every time...

Procinctu

Coinbase announced the EXPLORATION of adding support for Cardano (ADA), Stellar Lumens(XLM), Basic Attention Token (BAT), ZCash (ZEC), and 0x (ZRX). Here is a look at Ethereum Classic (ETC) upon the news that it would be added back in June. We see the initial pump, followed by a return to mean, then accumulation, and then a bullish trend. Look to accumulate...

Procinctu Updated 

I really don't have this much time on my hands, but I saw a chart from someone posted as a comment (@BTC_SA) with some ellipses... I thought I would check it out. Here, it compares late March-early April to the present June. I initially was going to prove another point, but this is where it ended up. I took some liberties, and not totally sure what it proves, but...

Procinctu Updated 

With crypto and stocks, many overlook that boring shiny thing that used to be the basis for sound money. Personally, i like the actual physical silver...and it's a good idea to have some for a rainy day...or financial collapse....or a zombie apocalypse (and based on how many people are on side-effect laden meds, maybe that's not so far away, though i...

Procinctu Updated 

DGB holding up really well...at least in relation to the rest of the market....for now. Interesting to see how it plays out going forward. Just wanted to post a comparison... DGB fell harder than most 2 days ago, but since, has held it's ground among the best of cryptocurrencies. Up 17% since the June 24 low. ETC did well also, until the last few hours. The...