Be careful and watchful for one last red day before ATHs or maybe a bit after. The 50k support is there and its strong. i think if we touch it we can close around the 53k-57k mark and be up and onwards from there.
6h tf MAs are the trend setter on this run. the 20 ema is the grail. trend is friend until end rite? @wyckoffmode pheoix is at a strong point on the weekly and daily so i think we get one more spike to 60 on this wave
check out his stuff its top tier. Para's for the bollinger bands are 55ma 1.618 extension only pheoix is original parameters @wyckoffmode
Time for all shorts to get stopped out and its time for a new trend very very soon.
patterns and fib bands for a look at my real time trading chart
measured moved based on the pole of the bull flag. we would probably see a lot of resistance before than though, based off the fibs.
As you can see from the previous trend we are loving those moving averages; but they will turn resistance as we are below them..
Strikingly similar, ive been following this theory for a while now check my previous posts
Breakout to upside a couple days, weeks before halloween (est)
Everyone is looking at 2017/18 like there is anything there, there is no pattern in price action from that time period. Everyone calling bear market fails to back it up with anything besides tether fud. When btc touches 400k everyone will look back and say ahh yes that made so much sense the world printed xxx amount of 'money' and it was bound to happen. This is...
The time frame is from a fib time extension starting from the beginning of btc. I will post the BLX chart its based on next
Dont be surprised if we see something erratic. beras bewareas. Im assuming this is the mirror image of the double bull run in 2014-15. That is what this idea is based on. See my other charts for a broader perspective.
expect something erratic from price action
Just looking at past action with my geo-map trying to find patterns for future predictions. Its open for interpretation. Might take a little bit of looking at but its fairly simple. All in.
ascending wedge accumulation. breakout by august
I believe bitcoin is going to go through a long term consolidation period, allowing bitcoin to trade hands a couple times until the right person hoards it, like everyone should be doing. My previous ideas to a 30k bitcoin was correct. I dont want to get an injury patting myself on the back to hard. I'd like to thank @wyckoffmode @Crypto-Crown and @Dale_G for...
See my other posts, same idea. volume declining before price yet again. 31-37k