bellaly

bellaly

BTC has bottomed here today after the most blatant few days of manipulation and capitulation! If you haven't done so before, then buy BTC!

bellaly

Its time for PLAN B! We made a higher high and then we had a sharp breakdown - sound familiar? Last time this happened was around the time of the CHINA Pump. We then fell below the 21 EMA (yellow line) before entering a falling wedge structure with a breakout from the purple line. I believe the same will happen again. I do not believe we are falling to...

bellaly

OK so I overestimated this run and thought we would be at $11,000 a lot sooner. But a look back at previous action on the CME is very revealing. Its taken Bitcoin since 23 September 2019 to come back to this spot, and as you can see in the pink box zomes there is MASSIVE resistance here. A cool off is needed. Healthy consolidation before the next run up. BLUE...

bellaly

This graph should be self explanatory. Pink line shows resistance now flipping to support. People are expecting a major correction now we have run up so far so fast - I don't see this. Note green arrows show the bounce once we fall below the BLUE and YELLOW EMA lines. I'm expecting a bounce and 11k within about 48 hours. A large SPIKE to the upside. Monday at...

bellaly

We are in a Bullish channel! After 6 MONTHS of an aggressive downward channel with a HARD sell off (which gave you the last chance to get a $6K level BTC - did you take some?) We are now in a new bullish channel. And after we break out of this we go...PARABOLIC! This is very similar to what we saw after the November sell off of 2018 and an upward channel, that...

bellaly

As I stated in my last post, I was confident that we would SMASH the 200DMA on the second time round, without any problem. I have not had to change a single annotation here, the 200 DMA has declined in alignment with expectations and Bitcoin is just doing Bitcoin. Nothing to see here? Well, except for the shorts. BTCUSDSHORTS are CLIMBING. And this is Good news....

bellaly

We are in an arms race to a $10,000 Bitcoin In my last post I stated I expect Bitcoin to go sideways, and the alts to be resilient and make further gains in their BTC pairings. So far so good! The bears are waiting for this top out to take us plunging down to lower lows. It won't happen. I don't see that happening, what I see happening now is for Bitcoin is...

bellaly

$9200 hit and a dramatic fall, some people are calling this a Rejection. I consider this a pull back. Bitcoin is expected by Bulls to pull out strong, bears expect this to be the temporary top before a fall to lower levels. Neither will happen We are about to enter PHASE 2 consolidation for Bitcoin. After failing to get below the $5500 and consolidate between...

bellaly

Alt season BTC comparison is about to begin. In my last post I stated that ALTS are about to shine and they did right on queue. Now watch the BTC pairs will start shooting up. Why? Because BTC will cool off and go sideways which sets up the perfect storm for from TRULY EXPONENTIAL shoot ups compared to BTC Watch ETH it is coiling up and about to shoot to the...

bellaly

There is a subtle bull flag on most alts, whilst everyone focuses on CME Bitcoin GAP, alts are losing their correlation on a short term basis. Alts dumped, but did not dump further, whilst Bitcoin can still retreat to the gap and further Whilst eyes are watching BTC watch the alts now rise over the coming days, Not only are they holding...but they are forming...

bellaly

In my last post I warned 'Watch for the descending wedge' We are still in the descending wedge and it is playing out perfectly. Each time we hit the top of it or even get close to the dashed line we get rejected. Bitcoin took a hit but the alts suffered far worse. But we only moved down $300 and everyone loses their minds!! So keep that in perspective, I am...

bellaly

Bitcoin is in the final stages of forming its second phase of the BULL RUN People are still cautious and in disbelief, and shorts are now outnumbering longs. Look back to December 2018 and you will notice a similar descending wedge form on the bak on November 2018 capitulation and here we are again in a similar situation. Our current wedge shows we can go...

bellaly

3D chart confirms this, also every analyst in TA is now BEARISH - that convinced me a lot. MACD Turning up as is RSI making a higher low Im calling this the second Bitcoin BOTTOM! Every is looking bearish, calling for 5000 4000 3000! "I'll wait till it goes lower" I believe this is the bottom and we are in the consolidation before the halving again The...

bellaly

Did you catch the bottom? Every one is screaming BEARISH! Thats the time to BUY, we are now in another ascending parallel channel. Soon it will become Parabolic in November! Watch this space, and get ready for alt season part 2 from Monday!

bellaly

Monero is about to repeat a powerful move upwards, it is following text book the same set of events that led to the breakout. It is currently meeting the same downward pressure and wicks from above show its price being suppressed despite rising in a upward channel Notice how choppy the range is and similarities between the 2 boxes. This will reject violently,...

bellaly

TD sequential shows a red 2 going below a red 1 at a key support level. SHORTING Opportunity here. This one is too good to miss * not financial advice :P possible Fib retracement targets are 39.43 or 38.35 and now we play the waiting game, will be a few hours before we see this play out. Keep it simple folks.

bellaly

The big move up is IMMINENT! Unfortunately not. The picture explains it, most people draw trend lines but fail to see their TRUE potentials by keeping them extended beyond the convergence point. When the green line is broken down by price it becomes resistance.\ The red line was resistance but is support. Since price is not going to give you the rise you...

bellaly

Bitcoin on the 1hr is interestingly matching the capitulation we saw on the daily chart. The pattern looks remarkably similar and suggests a dip, rise, consolidation and then a break out in the green zone. Lets see how this plays out the 1 hour suggests a rise in the green zone around 19th May.