There are just some levels that you simply never return to especially in an asset still in very early ages of discovery and adoption. This pattern can be seen right from the early days of bitcoin trading - once we had finished with sub $150 we never retested it again. It's this line of thinking that brings me to a similar conclusion with bitcoin. If it was to go...
Previous idea has officially become outdated as we couldnt hold/bounce from $7600. Theres two key resistances forming (in green) and bitcoin could fall to $5,300 before either of these are broken. theres 3 key lines (in blue) which it would be nice if bitcoin held, obviously the sooner it holds one of these, the strong it looks. Its going to be a choppy ride so if...
A bit of fun - until it isn't.
I do expect ethereum to have a third wave before it halts on the growth front (maybe indefinitely) but I always thought it would stop around 0.3btc.
Interesting fib behaviour in the past mixed with long term previous support and resistance could suggest a top of somewhere around 0.55btc a coin but obviously it would be more about...
$SPX is looking fairly strong recently, MACD will cause a drive up to that first resistance zone but cloud seems pretty unsupporting of any serious move up at that point. A touch of the cloud later in the year could also be a nice touch of a trend line thats been going on for a while. If it breaks the trend = bearish, if it can hold it, ATH in 2019.
Yeah I don't think we look as strong as people think right now, Long term Bitcoin will go a lot higher but needs to shake people up a final time in my opinion. Red cloud breakthrough on 1D was rejected and 1W Green cloud is very thin. Will look a lot stronger after a dip through and resurgence through the green cloud. After that who knows But some tests of the...
Can't find a way to show you the fractal of this in 2016/17 at the same time as this one but its pretty identical (just on a small scale)
Anyway this looks so primed for a moved, MACD and BBands are so quiet. its either going to 700 sats or its going up over 3k in the nearish future
