GANG, this is truly exciting to watch! We just saw 2 major pivots happen on the magical, mystical and amazing fib circle rings that we've been using to track the price action over the last couple of months. First, I needed to change the color of the Big Dark Green fib circle set to red, since it was the same color as the newer Dark Green set on the micro level....
This is just a fun chart to look at that exposes how silly it is for everyone to get so excited about the little movements up and down that we get on the Bitcoin price line when focusing on the micro level. Looking at this chart, notice that I have a trading channel that is based on the all time high in 2017 of $19,000, and the low zone of around $3,200. For the...
CHAINLINK is officially on my radar. I'm going to start giving this a daily look, and formulating some fib circle analysis to find a jumping in point. I'm also going to start closely watching how CHAINLINK relates to the ETH movement. In about a month or so, I'm going to start accumulating this coin. This project is one of the most impressive that I've seen, and I...
Ignore all of the fancy lines on this chart, and just focus on this new parallel trading channel that I have delineated on the chart. What does the overall trend look like from this perspective? Does this view cast a little bit of doubt on the whole idea of the bull market starting? If this was the only perspective you had right now, would you believe all of the...
I think we need to pay close attention to what has developed since the 5th of February. Keep in mind, this is only on the micro level. It's not enough to call it just yet, but there does appear to be a clear declining channel on the 4-hour chart that is hard to write off as a possible trend change. But what has me taking this seriously is the fact that we had...
This is more of a "heads-up" rather than a warning. I can't predict the future. But I can tell when there is a possibility of a hard pivot to either direction. As we know, the Supernatural Light Blue 2.618 Fib Circle has exuded its mysterious power on the BTC price line for the past 7 days. And we also are aware of the fact that the magical Light Blue 1.618 caused...
I'm a little late with this update, but I was VERY excited to see that XRP reached up to the Dark Green 4.236 fib circle ring like a BOSS! As I expected, Big Brother Bitcoin provided the fuel for the XRP rocket ship to blast off to this ring. It really looks like there is still fuel in the rocket boosters right now, because we did not pivot to the down-side after...
ALERT! There is a possible convergence of indicators that could be telling us we're about to pivot hard to the down side. Please take this with a grain of salt, because a rising BTC could completely nullify the indicators that I am looking at. But just be aware that it is *possible*. Here's what I see... Please forgive all of the messy lines on this chart, and...
Bitcoin is apparently on a tear. I did not think that this uptrend would regain its strength and continue like this. But it is gaining. It sure looks like we are headed straight towards the Dark Green 2.618 fib ring. BTC is WAY up over the overbought boundary line on the stochastic, but even with a correction, I think it's possible to continue this trend until we...
RED ALERT! BTC has taken a second rip after the stochastic was headed back towards the overbought boundary line at 80%. I don't know what drives the market when we see this happening, but for whatever reason, there's a second push up here in the top of the stochastic. Notice how the first 5 candles on the 4-hour chart were centered around the Light Blue 1.618...
This is exciting! The new all-powerful Light Blue 1.618 fib circle ring is calling the shots with amazing accuracy as of this moment. The last five 4-hour candles are ALL stuck on the 1.618 line, thus confirming its magical powers. I got lucky on this one, and it doesn't happen like this all the time. But after constructing this fib circle set a day before, after...
Wow! Bitcoin took a short breather, dipping momentarily on the Green 1.618 Fib Circle boundary, and exploded to the up side without much of a break. I changed the color of the gray fib circle set to Light Blue, so it is easier to see. This Light Blue set is based on the same upswing channel, but takes its base from the low point of the side-banding range on...
I have a new fib circle set now that we have a completed swing from low point to high point between December 18th, 2019 and January 18th, 2020. Well, at least I *think* this is a completed swing channel. From all indications, we're about to pivot and drop as soon as we touch the 1.618 of this new Dark Green Magical Fib Circle Set based on the above mentioned...
Just a quick update, this is a possible critical pivot point. We are almost ready to cross the Dark Green 1.618 fib circle set that is based on the low to high point of the previous upward swing channel. This will either be the beginning of a strong continuance to the up-side, or the continuation of what I think is a return to a bearish development. I'm giving...
Pay close attention in the next few days. There is a possibility that BTC just pivoted, and could be continuing the bearish trend. As exciting as this up-trending channel has been in the past few days, I would exercise caution because the price line just printed a new lower low for the first time. If you've noticed, I have a new fib circle set on my BTC chart...
I just wrote a RED ALERT post about the Bitcoin breakout above the top of its parallel trading channel. This is a positive move that I expected, but I did NOT expect it to power through the top of the descending trading channel rooftop. It could be indicative of a market reversal, OR it could be a head fake that breaks the hearts of many if the move loses steam. I...
WATCH OUT FOLKS, Bitcoin has broken through the top of the parallel trading channel and this *could* be a significant move! I have had my eyes on what I thought was a rather sloppy ascending triangle formation for the past couple of days, but wrote it off as a non-event. Well, it looks like it was an ascending triangle, and it broke out near its apex like most of...
Okay folks! We are nearing the bottom ledge of the 20% "oversold" stochastic territory, and this means we might be on the brink of a reversal and the next significant move of BTC. Once we pass that 20% boundary and bottom out, the reversal will tell the story of what happens next. Here's why... Note that I had mentioned in my previous idea that there could be a...