I know my charts aren't fancy. I don't like to draw fancy lines with different colors and overlay 200 indicators. But this is a quick analysis of what I think is very probable now. Since most of the people are bearish now, I think a short squeeze up to the logarithmic resistance is pretty likely. Then the longer triangle could play out. After that, we either...
Ok, so the drop in BTC also took me by surprise. In my previous chart I saw two possible scenarios for BTC. BTC took the dump scenario, however, the drop was more massive than I anticipated. It went below the ma20. What does that mean now for the future price development of BTC. Well, that means that this is a larger corrective ABCDE structure in wave 4,...
If this ETH rally were to accour in a similar pattern as the last one, this would mean that we are at point 3 now. Therefore, 1-2 weeks of sideways consolidation, until the real runup would start. This scenario however, can only work if bitcoin does not dump. It must at least stay constant, better yet, rise. Because if bitcoin stays constant, I cannot see ETH...
I see two possible developments for BTC in the near future. One with a shakeout and drop to the MA20 (moving average over 20 weeks), and then bounce, and one where BTC starts climbing directly. What will happen, no one knows. However, I see the outcome of both scenarios in a continuation of the bullrun towards 40k+ .
If the fractal pattern repeats, we could see a pretty bullish few weeks ahead soonish for ETH. This would fit the 1 year ETH hype cycle. Imho, ETH is pretty undervalued right now. Metcalfe price is way above 1000, since the number of users and the number of transactions has kept growing exponentially, yet, the price of ETH has not grown a lot compared to other...
So my last NEOBTC fractal count turned out to be false: The downward slope dragged out longer than expected, but I think now the reversal point has been reached. I think that it might play out something like this, which would put the main NEO rally sometime in the march/april 2018 timeframe. Let's see if it plays out like this, and if the fractals hold this time.
This one is pretty self-explanatory. I drew the logarithmic trend channel, and drew a repeat of the 2013 cycle. If such a thing were to occur, the new target estimates are 50K for the first top, end of december/ beginning of january. Then bouncing between 10K and 30K for a few months like in summer 2013. Then the end of this hype cycle at 100-200K. Then a...
So ripple started earlier than I expected in one of my previous ideas, however, it was to be expected that ripple would also pump. We are in an insanely bullish crypto market right now and all major altcoins were already pumped, except for ripple and maybe ETH to some extent. So now that the nasty resistance at 0.28-0.30 USD has been broken, we would like to...
So a correction is in play now, and BTC likes to do 30-40% corrections in this runup since the end of 2015. This woul coincide with the middel 1d bollinger band, and would allow the 1d stoch RSI to cool down again from overbought levels to oversold levels. This would lead to an exceptional entry point within the next few days to go long. However, I strongly...
So a lot of coins are pumping right now. IOTA 15x increase in USD value since early november. And Ripple? Doing absolutely nothing. Sleeping. Dead. So noobs are like: "Damn, look at all those shiny coins pumping, and ripple is dead. I have to sell ripple for these other cool coins!!!" That's how whales play them, and what they basically do, is coin-chasing....
It's funny to see the reaction of people, staring in total disbelief at the prices. Why? Because they do not think in exponential terms. The human brain is just used to think in linear terms, exponential rises take a lot getting used to. But bitcoin? It was rising exponentially for a while, and now it entered over-exponential territory. This means that in the...
A quick fractal analysis on the NEO/BTC pattern. If the pattern repeats, then the real NEO rally should start sometime end of january/february. Maybe that will coincide with Chinas return to Cryptos? Who knows, but it might play out like this.
Anyone remember the btc rally 2013? Interestingly, this rally resembles a lot the behavior of btc from back in 2013. The runup back then was basically from 10 to 266. This is pretty comparable to this years low at 800, to maybe 20K. However, the timescales are now much larger than back then, because more people are involved now, so you can imagine it like a...
Now the real insane phase of this current growth cycle is starting. I do not like the term bubble, since btc is not a bubble. It is a network, and a network can be priced. According to metcalfes law, we are actually not very overpriced. The value of a network is derived from the number of users and how often it is used. Bitcoin has a current metcalfe price of...
BCH seems to be repeating a pattern I noticed in many different cryptos, first and foremost of course in bitcoin itself. I think this is how it will play out more or less. It is very unlikely that BCH will rally from here directly to new all time highs. More likely, it will rise step-wise and then make a plateau. Bitcoin did this in November 2015, when it started...
So I saw a lot of predictions claiming 3500, 3700 or 4000 as the top. Either those people are trolls, or they fail to realize that bitcoin growth spurts are NON-LINEAR ! Meaning that after each havling, a hyper-exponential growth sets in, leading to a succession of insane rallies. People then search for reasons, conspiracy theories come up daily in bitcoin land,...
I haven´t done an LTC prediction yet, but just looking at the chart I notice a few things: 1. Rising wedge which is a bearish sign in the end, but still has a lot more growth potential. It breaks very late, around 100 USD, where the top will probably be. 2. The volume decreases but the price increases => Bulltrend will probably break at some point 3. Bearish...
This could be the big one ladies and gentlemen! A rally alike to the one in early 2013. There are quite some similarities here already, for example a really nice exponential growth. In such rallies, linear charts are utterly useless. Just ignore every linear chart you see here on tradingview, which tries to predict a bitcoin top. LINEAR SCALE IS USELESS FOR...