weekly indicators show similarity with 2011 bottom.
* 20 MA - 40 MA -50 MA projected lines suggests A GOLDEN CROSS between November and end December period
* Weekly Macd cross indicates a trend reversal as it happend only in 2011 and in the 2015 bottom period.
*Note that 40 MA weekly coincided with 200 MA daily in 2011 bounce and acted as strong selling...
NO PROBLEM !! LET IT COME TO YOU..
THIS WEAK 50MA WHICH IS USUALLY ALIGNED WITH THE BEAR TRENDLINE WILL BE AT 8200 $ WHERE A SHORT TERM BOUNCE TO TEST 10K $(200MA) IS EXPECTED.
"In the business world, the rearview mirror is always clearer than the windshield.” ~ Warren Buffett
it may sound fishy and scammy ! but numbers and data speaks here..
1- allocate 50 % of your crypto investment budget for Bitcoin cost averaging below 200 MA (buy daily..every other day or weekly its up to you.. without looking at the price as long as it is below 200 MA)
2- allocate 30 % of your crypto investment budget for lump sump (dip? panick sell ? deep...
2011 fractal is playing nicely so far.. of course its not 100% accurate on hourly/daily..but price levels remains on spot . (original sized bar patterns ..no edit)
According to the fractal, the next target is around 4K $. Please note that we fall below 200 DMA for the second time in a month which only happend in 2011 and 2014 crashes (in 2013 we bounced strong...
SInce we are below the 50 DMA.. the trend below this level suggests bearish continuation targeting the 200 DMA (araound 8900$) and a possible test for double bottom (6k-7k).
I have shared two fractals :
-- the blue is the 2011 fractal which has identical levels (dip at 6$ and a fake breakout to 12$ then straight deep to 2$)
-- the yellow is the fractal of the...
comparison between the four crashes.. where it seems the chances to recover from here to new ATH is 33.3%
if BTC fails to recover then based on historical fractals the targets are :
**** 6.5% of ATH (2011 2$ dip of 33$) = 1200 $ ( remember the gap from 1300$ to 1880$ in 2017 april-may)
**** 12.5% of ATH (2015 150$ dip of 1156$) = 2400$
**** 25% of ATH...
charting 101 .. gold at the brink of historical flat triangle breakout.. if succeeds the target of the breakout is between 1650$-1700$
as stock markets signaling an end of the long bull trend since 2011..gold would be the safe haven as it was in 2000 and 2008-2011 stock market collapse era..
it seems everybody is bullish again.. there is a short opportunity to kiss the trend line and further the 200 MA goodbye !!
- breaking the daily 50 MA invalidates the idea-
***THIS IS NOT A TRADING ADVISE.. IT IS JUST AND IDEA FOR EDUCATIONAL PURPOSE ****
we bounced 2000$ from the dip..with massive volume as it should.. i find this bounce very similar to september 2017 bounce from the dip at 2950$ with massive volume to 4000$.
september 2017 dip --> 2950 $
february 2018 dip ---> 5900$ (= 2 x 2950)
september 2017 bounce ---> 4000$
february 2018 bounce --->8000$ (= 2x 4000)
expecting sideways accumulation for 2-3...