I researched quite long a fractal that resemble at the last two years of BTC market.
I found some similar but never a fractal so similar, deserve to be published.
Above weekly btc chart. Below a 15 minutes inverse btc/usd of the last 2 days.
I mean, timeframes are completely differents, and I personally have any idea about the pertinence of such kind of...
Left the ETH bearish market and the last bullish movement.
Right the correction after the incredible bull run skyrocketing ether from nothing to 400 dollars.
Now the actual price action looks to me extremely bearish and I see a fall to at least 135 dollars as probable.
BUT: If the more probable movement would be outplayed then any break above 245 dollars (4d...
11K is the ambiguous level. Weak support, sometimes act as resistance and sometimes is broken up with violence.
So basically 11K is the level that bulls have to put in the pocket before to aim any ATH.
Bearish we are clearly after a break under the support of 9.1k. Target would be around 6K.
A break under 9.1k will bring some of the top altcoins under...
I’ m reading a lot of commentary of people calling for another altcoin season / investing in altcoin, so I wanted to make a little bit clearer what the altcoin season was.
As altcoin season (AS in the graph) is refeered the period of time between december 2017 and januar 2018 in which the altcoin price increased regardless the price of bitcoin. Few BTC pair...
Messy charts but easy concepts.
Chart left: actual price action
Chart upper right: 45min fractal bringing bitcoin to the last local top
Chart lower right: 3d chart from ATH
2. bullish gartley
break above 0.618 retracement of XA: bullish outcome
confirmed resistance on 0.618 of XA: bearish outcoome
You can see in both charts BTC/USD and Market Cap excluded BTC (in summary a lot of ETH and RIPPLE) the formation during the last bear market of two descending triangles
The basis of the triangle for BTC was for longtime supportive and 9 months after the first impact, finally arrived the strong breakout that brought BTC to 3k.
The basis of this triangle was the...
The short of 2 weeks ago has been outplayed.
Actually we face to two twin consolidations movements in the 2 green boxes.
End of April /may bitcoin found after a parabolic breakout support on the 20EMA before to push higher.
Considering the fractal analogies as well the analogies in the EMA 20-50 trajectory, I expect a similar movement.
Two other factors...
The NVT signal is an indicator specific for bitcoin.
If it turn red it means that the value of bitcoin is growing too much compared to an average of the money flowing through the blockchain of bitcoin in the last 90 days.
You can check on internet and you will find some useful insight about this indicator
All relevant top formations were associated with...
What is normal and what is not normal?
During the last bull market most of the local tops were situated 45% above the 50EMA on the weekly chart. Growth above this percentage were a good indicator of unhealthy growth. Actually we are 10% lower than this threshold of 45%. The top after the break above the EMA50 during the transition from bear to bull market was...
At the dawn of this bullish reversal I decided to put 0 (zero) btc on ripple. With all that altcoins popping was a hard but great choise.
3 weeks ago I was preparing a long entry on ripple, but arrived at support I felt me not sure at all and I left ripple doing...