What if the last top was not a Wave 5, but a Wave 3?
I think this is very likely. Why?
If the last top was a 5, we would have had to correct deeper.
Normally the correction should have went down to 0.382 (~7200).
Then 12345abc would be completed.
In our case, however, the correction did not even end at 0.5.
She stopped at $9,000.
What's the meaning of...
Maybe it's easier than we all think. And we could have a simple W formation ahead. Many expect Bitcoin to fall further. I might be. But there are still many indicators, speaking for bullish. Many people wish to be able to buy cheaper Bitcoin. I see a bottom here, max. a little bit lower. So we have now a good buying zone. After the W formation we can see a sharp...
There are gaps in the charts of Bitcoin CME Futures. These gaps are often closed later and offer ideal correction targets. They can even help to show where a low point could be.
Here we see a target at 8515 down and up 11195.
So it could be that we go first up and then down or vice versa.
Let's see what happens. Happy trading. :-)...
Now we have a clear picture where the correction could end. On the one hand in the range from 9500 to 8900. If this range is not strong enough, on the other hand the lowest point is at 8200.
Depending on how we draw the fibs we come to a similar result. The Fib 0.5 from the start of the uptrend is around 8500. Bitcoin often goes back to 0.5....
We are currently seeing a perfect correction.
The top at nearly 14K was the end of the 5th wave.
New target is Fib 0.5, as so often at Bitcoin.
First down was around 10K (weekly pivot).
Second at 9.6 K (0.618). With a back movement to 0.786 or weekly pivot. This movement should be completed shortly.
Then the last correction phase will start.
Target now is...
if you look at my post from yesterday, you can see the 13.000. we went the way straight. okay. i thought we'd see a little backswing before that. now we've reached 13.000. so we've reached r2 at pivot, at fibs 1.414 and in fib-band 1.692 (1.618 extended). so now comes the correction. several options we have now. 0.786 = 10 - 11K, 0.618 = 9200, 0.5 = 8000. my big...
If we look at the Fibs, we see that the last corrections were always down to Fib 0.5. For a short-term correction this would mean a range of 10K. If we look at a correction since the run started, we'd be at 7-8 K.
Many write in their posts that it will continue to rise. Yeah, that could be for sure.
Since the beginning of the year, the price has risen. So we...
Lately I've been holding back on posting, too much speculation and shouting for 10K and 12K. Of course this is still possible, but how likely is it after the last move? All of us instinctively knew that a correction was overdue. Only the always same Crypto-Hype has pushed the Coins - especially the Bitcoin - in the last days more and more upwards. The stock...
The resitance was touched for the third time. In the trend channel we have now reached the top. The question arises, where is the journey going? Even further up?
After 85 days up with a plus of 75% a correction is overdue. Or? So how strong will the correction be? I check in at 3.500/3.600 and checked out on Thursday.
Many believe that the Bitcoin still falls...
The development at Ripple has been quite boring lately.
Many have hoped that the trend reversal is coming soon. However, technical analysis still advises caution.
There are still not enough positive indicators. Ripple broke the long term support down. And also the long-term Fibo 0.236.
The next support could be the short-term Fibo (0.236) at 0.00005814. Even...
... And Happy Birthday Monero!
Often I am asked: "I want to invest in a good crypto technology. What should I buy? I don't want to lose money on pump-and-dump. My answer: Take a look at technologies that offer a real understandable (simple) advantage. Monero is therefore a must-have for me. Why, I'll write below:
One of the biggest advantages for me in the...
Rising triangle (trend following pattern) ... More Up possible.
Rest on the chart.
The rising triangle can be seen as good trend-following pattern. If it is confirmed, usually further upward trend movements could be expected.
Let's see what happens. Happy trading. :-)
And... At what price and at what market capitalisation Bitcoin will be a true currency substitute?
There are a number of forecasts that see the Bitcoin at 1 million and more. Most recently, Jesse Lund, Global Head of Blockchain Solutions and Digital Currencies at IBM, gave the 1 million forecast in an interview in February 2019.
I tried to analyze this value...