astroandrea20

astroandrea20

I'm not a fan of the Elliot Waves theory, but if I was, then I would say that the correction is likely over. It could still drop to 8.5k before bouncing. I would wait a confirmation of a reversal before taking any position in the market.

astroandrea20

Update of the previous idea, let's see if the trend resumes upside.

astroandrea20

A consolidation/continuation pattern is forming in these days on the charts of Bitcoin. Could still drop to 9k before taking off.

astroandrea20

BINANCE:BATBTC is currently hovering above critical trendline support, while forming a falling wedge pattern and a clear bullish divergence on the RSI. All this stuff makes me think that a bounce is very likely.

astroandrea20

Despite all the panic about a massive 5k BTC sell order that plunged the price below 7k, the market recovered quite nicely. At this point you should expect a rise to 9k or beyond.

astroandrea20

People laughed at me for my parabolic rise theory back in april, just after the initial 20%+ pump. Guess now who is laughing?

astroandrea20

Bitcoin is right now parabolic, but it will soon meet a macro-trend resistance. Still the FOMO could push the price beyond that hurdle. Let's see.

astroandrea20 Updated 

The 2 months long bearish triangle is coming to an end, so the price must take the decision of where to go. Personally I think the most likely way is to the downside, because WAVES went in a bubble and very likely it did not find the bottom yet. The next levels of price to watch for a likely bounce are 60k, 50k and 40k satoshis. Those levels have been...

astroandrea20

As you all know Bitcoin dropped ~84% from 20k all the way down to 3k. In the past few months Bitcoin has been painting a bottoming pattern: the failure swing bottom from Dow's theory. I see that absolutely no one talks about this pattern, instead I just see people who talk about an ABC correction that will bring us to new lows, like 2k or even 1k, which in my...

astroandrea20

I developed an indicator, the Saracino Bitcoin Momentum Index (SBMX). On the monthly chart it has been a reliable indicator of a bottom in the past bear markets and right now it is giving a bottom signal for 2018/2019 bear market. I officially call the bottom.

astroandrea20

Just look at this chart. The vertical lines are all the Chinese New Years.

astroandrea20

This is just the worst case scenario, don't take it too seriously. BTW it is still a possibility considering that stocks were in a bubble pumped artificially by the FED. We'll check at least 2 years from now.

astroandrea20

This is actually very strange, the first bearish head and shoulders looks invalidated, but the second is still forming. Could retest the right shoulder before exploding to the upside. stay tuned.

astroandrea20 Updated 

Let's see in a few minutes!

astroandrea20

This is an extremely bullish case for long term based on past market cycles. $20k would be reached exactly 2 years from now. ALERT: not a financial advice, just based on past movements and assuming Bitcoin has already bottomed. It is still very likely that BTC could drop even lower than $3k. Stay tuned.

astroandrea20

The next All Time High will probably coincide with the 2020 block halving, as already happened for past ATHs. The following correction will be dramatic as the past ones. I'm not professional advisor, I'm just highlighting a long term pattern for Bitcoin.