RomanXIV

RomanXIV P

Hello Everyone, I believe bitcoin is experiencing PRice Action Exhaustion and needs deeper correction for a larger upward swing. I've included most of the explanation within the chart but most upward moves have strong bullish PA then followed by Exhaustive PA which then leads to a larger drop/correction. 53-55k would also allow your alts to correct and breathe...

RomanXIV P

Hello All, Bitcoin is seeing some very bearish signs on the weekly chart. We had just seen 3 white soldiers pattern end with an ATH blow off top and grave stone doji. Historically this has marked the end of a run up. Will it be the same this time? In my opinion, I believe so. We are seeing a lot of bearish divergence on MACD/RSI. As well as bearish price action...

RomanXIV P

Hello Everyone, Here is bitcoin longs vs Price Action. Please notice the steepness in the drops that led to 20%+ price corrections. I am thinking a correction or major sell off is near. No matter what your current stance on market cycle is, I would be patient on opening long positions. Buy red - sell Green. Here are my technicals: 1. Weak Price Action: PA...

RomanXIV P

Hello Everyone, I believe bitcoin has entered its Bear Market. The Bitcoin Dominance chart is showing a similar double bottom pattern that we saw in 2018. At the same time Crypto TOTAL is showing a double top pattern which is bearish (Please see the attached image). Also to include, Bitcoin and Altcoins are showing validated bearish patterns on the Daily...

RomanXIV P

Hello Everyone, Today I am showing my bitcoin Descending Wedge Bull Trap Scenario. We have seen this pattern at the 60k area and now we are seeing it yet again in the 40k area. Here are the Technicals: 1. Bearish Price Action - Volume is going up as Price is going down 2. Weekly/Monthly showing signs of cycle exhaustion. - The monthly Chart has maxed out on...

RomanXIV P

Hello Everyone, Quick post for today. After a 20x gain over an entire year, I believe Bitcoin is confirming the next bear market cycle. Here are the technicals: 1. Rejection of the Hull Moving Average: The hull moving average has been a consistent determination in whether we remain in cycle or not. In both previous cycles, we see Bitcoin lose the hull moving...

RomanXIV P

Hello Everyone, Quick analysis for today. There has been a question in the air for the last 2-3 months. "Are we in a bear market?". Well there is not a simple yes or no answer for this and I would say it is a little too early to call. I am personally leaning more bearish as I am seeing rallies with bearish price action representing dead cat bounces. Not to...

RomanXIV P

Hello everyone, Quick post for tonight. This is hard to say but I believe Bitcoin is about to drop. History is showing a clear repetition of itself within this chart. Here are the technicals: 1. Negative RSI and MACD: Negative RSI and MACD equate to a weakness in trend. When price is going up and MACD/RSI aren't correlating, it signals exhaustion. 2....

RomanXIV P

Hello Everyone, Although I am bullish on bitcoin overall, I believe Bitcoin is going to experience a drop within the next 7-10 days. Why? Bitcoin is up 70% from the bottom, a pullback is necessary in order to continue price upwards. Personally, I had some nice profits in both my DCA and trading account so I went ahead and sold! Here is my analysis: 1. RSI...

RomanXIV P

Hello Everyone, Unpopular opinion but I believe Bitcoin is due for a pullback. Where? I would estimate around $43,000 to as low as $42,000. On the chart above, I have listed 3 scenarios for bitcoin. I believe scenario 2 will be the most likely as price action, RSI, current pattern, and MACD are all short term bearish. Let's go through the scenarios: Blue...

RomanXIV P

Hello Everyone, Bitcoin has seen a 50%+ correction in price over the last 2 months. During this period, a lot of people went from bullish to bearish. Between the FUD, Elon Musk tweets, etc who could blame them? What if I told you none of that affected price? The market was showing signs of upward exhaustion far before $65,000. Price action was bearish as price...

RomanXIV P

Hello Everyone, Bitcoin has seen pain these last few weeks. There are traders that think bitcoin is still in a bull market and traders that have turned to the bear side. Here are my thoughts with analysis: Bitcoin has done a perfect wyckoff distribution that resulted in a massive head and shoulders pattern forming then being confirmed. Hence why price dropped...

RomanXIV P

Hello Everyone, These past few weeks have seen a lot of red with little upside. A lot of influencers and "analysts" on twitter are calling for a breakout. I generally flock opposite of the crowd. In my opinion, Bitcoin is in a bear market. It is below the 21EMA weekly, 200 MA Daily, 200 EMA daily, etc. What I am trying to say is that bitcoin is below every single...

RomanXIV P

Hello Everyone, With all of the dumpage that happened, I have been searching for a potential bullish set up. It is looking like there is an inverted head and shoulders forming on the 1 - 6 hour chart. This pattern generally plays out and is very bullish. It also indicates a reversal. Here are the technicals: 1. Inverted Head and shoulders forming on the 1...

RomanXIV P

Hello Everyone, I've been seeing a lot of tweets and posts suggesting this drop and the few more to come are a result of Elon Musk's tweet about Tesla no longer accepting bitcoin. How can you blame one man's tweet, that even states "Tesla will not sell it's Bitcoin" for the drop in price? Here's the truth: Bitcoin has been far over extended since the first move...

RomanXIV P

Hello Everyone, As alt coins are exploding, Bitcoin is starting to look not so great. There is a head and shoulders pattern forming on the daily chart which indicates a trend reversal in the short to mid term if confirmed. The neckline is around $52,500 and breaking it would confirm this pattern which would then lead to a movement to the downside. There are...

RomanXIV P

Hello Everyone, I believe Ethereum is approaching exhaustion. Does this mean we will see a large correction or start of a bear market? No, I personally believe we will continue higher but a short term 10% correction is needed to pass through $3,550. Here are my reasons for this: 1. The current pattern is an Ascending Wedge which is typically a bearish...

RomanXIV P

Hello everyone, I believe bitcoin is in a very awkward stage right now. Is it bullish? Is it bearish? Here's my honest take on bitcoin right now. For the short term, I think bitcoin will drop. Where? I think a perfect bounce would happen around the .382 Fib level. This aligns with our "possible" upward support line, daily 100 moving average, and the bottom...