UnknownUnicorn2616933

UnknownUnicorn2616933

Bitcoin lows are now following a new channel and I expect us to plunge to below 5.8k on the next dump. We may be going as high as 6.3k before we start dumping again. You may want to place some shorts on the way up in case we don't if you are shorting an alt as most alts are not moving up with btc to the same degree and it is possible that btc dumps earlier than...

UnknownUnicorn2616933

In my previous idea "Bear Market Rally to $7.7k" I fairly accurately predicted the price movements of the last rally using support and resistance guidelines that BTC appears to be following in this bear market. Here is an updated chart with the predicted price moment for the rest of the year. From here I predict some price movement up 6500 - 6700 and then down to...

UnknownUnicorn2616933

Most traders look to the Bitcoin chart for direction as to where Crypto is heading as a whole. When looking at the daily it would appear that Bitcoin has a lot of support at 6k and that it could easily sit around these levels before beginning a new bull market. However one should keep in mind that the total market cap of all Crypto assets is more important than...

UnknownUnicorn2616933 Updated 

I believe there will be a good opportunity to place a short at the top of the next small pump. I anticipate a price between 6200 and 6300 before the next dump. a, b, c and d show previous ideal shorting opportunities. I am not anticipating the trend reversal and the next small rally until we reach between 5700 and 5000. Beware strong support and a potential...

UnknownUnicorn2616933 Updated 

Those that believe we are going a lot lower this month need to watch for this scenario potentially unfolding. Within the next 48 hours we will probably drop down to ~6750. At this point it may be worth looking at the candles on the 4h. If they start to look like the candles in Exhibit 1, it will be worth considering the possibility that a new bull market is...

UnknownUnicorn2616933

I foresee a fairly predictable bearish August. Around $5500 will possibly be a good time to accumulate before a possible small rally in August. 200 day MA will continue its descent while the 50 day MA will continue to rise. The 50 day MA will draw close to the 200 day MA which may be a bullish indicator, if the market is ready we could see an end to 2018's...

UnknownUnicorn2616933 Updated 

This a linear model of the logarithmic predicted price for Bitcoin that it has followed since inception. I have used the curved line drawing tool to draw a slightly convex curve on the log chart matching data points for 1/1/2017, 1/1/2018 and 1/1/2019 from the chart I have posted below published in 2014 which accurately predicted the current price range. I have...

UnknownUnicorn2616933 Updated 

BTC is following a fairly consistent pattern of less volatile highs and lows as we descend downwards.While I am not making any predictions on when this pattern will be disrupted, this is what I shall follow until it is. I predict a high of about 7.7k for this current rally.

UnknownUnicorn2616933

While the short period of price stability that we saw before the recent bullish price movement up to 10k may be interpreted in different ways it is likely that is signified an end to the sharp ups and downs of the bear market which began at 19k. We have just endured a correction which as we can see from previous price movements in a bullish market is entirely...

UnknownUnicorn2616933

We could see the price drop to around $9530 before bullish trend continues. We could then see a pump at around $9.9k to $10k+.

UnknownUnicorn2616933 Updated 

Despite bullish sentiment, 9k was rejected and we are now looking at a trend reversal. The 9k high is a natural progression of the 19.5k and 11.5k highs seen in this bear market. This trend will find itself reaching a new low of 5.3k in Mid May.