Pattern: Channel Up on 1M.
Signal: Bullish as the price is on the Higher Low zone of the Channel Up, supported by the 1D MA200.
Target: 6.8500 (just below the 1W Resistance) and if the 1W R breaks 6.9300 (projected Higher High).
Well the title says pretty much everything so I will be quick on this one.
This week we see Bitcoin forming a Golden Cross pattern on the 1W chart with the MA50 crossing above the MA100. During the previous Bull Cycle this signaled the start of the 2nd Accumulation Phase (after a new top the price traded sideways for over 6 months). Phase 1 accumulation came with...
Pattern: 1D Channel Up.
Signal: Bullish as the price broke the 58.80 Symmetrical Resistance, which (excluding the Saudi attack on September 16th) has been holding since July.
Target: 61.00 (1st 1W Resistance) and if the Lower High trend line (red bold) of the Descending Triangle breaks, 63.50 (2nd 1W Resistance).
See how accurate the 1W Descending Triangle has...
Pattern: 1W Rising Wedge.
Signal: Bullish as the price made a Higher Low and bounced on the 1D MA50.
Target: 10.300 and 10.400 in extension (greater risk though as the 1D RSI is on a bearish divergence).
We have entered the final month of the year. As you guessed from the title this study will attempt to find any significance that December may have on Bitcoin.
*December 2018 and 2017*
I am sure you are well aware that around this time last year (2018) BTC made the Bear Cycle bottom. That was listed at 3,122.30 (Dec 2018), and the month closed at -7.10%. The rest...
Pattern: Channel Up on 1D.
Signal: Bullish after every upside break out as the price seems to be filling every gap from the July/ August downtrend.
Target: 0.00000050 (if 0.00000035 breaks) and 0.00000065 (if 0.00000035 breaks).
I have been asked by certain enthusiastic followers (I thank everyone for the support), to make an update on the following chart:
*$6000 bottom while everyone was bullish to 20K*
As you see it was late September with Bitcoin trading at $10000 and everyone...
Pattern: Channel Up on 1D with the RSI sequence replicating the September 2018 - February 2019 consolidation pattern.
Signal: Bullish as this pattern led to an aggressive spike (confirmed by a Golden Cross).
Target: 0.000009 (just below the 0.382 Fibonacci retracement level as on the April top).
This is a follow up of the last MATICBTC call where both Targets got hit (0.00000268 and 0.00000350) as you can see below:
Now I have found an interesting correlation for those of you who want to take some more risk. The similarities with the May parabolic rise are strong....
I am doing an update on the previous EURUSD sell signal slightly moving my Target higher at 1.08300.
So far both the long term (1D chart) and short term (4H chart) indicators and patterns have provided accurate entries as seen by the following...
Everyone knows that Bitcoin patterns tend to repeat themselves on each Cycle. Well this pattern is no exception and don't tell me you didn't expect that at some point the 2014/2015 cycle (illustrated with the yellow candles) wouldn't converge with the 2018/2019 (current) cycle.
I first shared this idea with you in...
Pattern: 1D Channel Up.
Signal: Bullish as the price found support on the 1D MA50 making a Higher Low within the pattern.
Target: 109.800 (the Lower High on the 2019 Descending Triangle).
*note: if the Golden Cross (1D) takes place you may extend buying up to 111.800 as it happened in July 2018). If the Golden Cross fails to form, abort as another sharp decline...