fifty2kph

fifty2kph Updated 

I have just spotted what looks like a head and shoulders pattern on the hourly chart for Bitcoin. Correct me if I'm wrong, but if it is, this could signal a sudden drop about to occur.

fifty2kph

Thsts right, I've learned a new terminology; one that is quite self explanatory also. A clear descending broadening wedge can be viewed on the 4 hour chart (new favourite timescale). However, you will also see below that there is divergence on the RSI (RSI going up while price going down). What does it all mean? A trend reversal perhaps or completely meaningless?...

fifty2kph

Just looking at patterns on the 4hr chart and I noticed since Bitcoin has dropped from the 6K prop-up, every time it's tried to muster enough energy to rise it fails and goes down further, seems very weak and not enough wind beneath its sails (it's a ship now, not a kite, apparently). The only volume evident is selling volume. An interesting observation if...

fifty2kph

Our obsession with patterns continues... I realize you should draw a downtrend line over the candles and an upward one, under, but hey. It seems beyond obvious that some folk(s) were propping up the 6k line for a few months and then walked away. Does the chart indicate that in last bear market, due to there being a more gradual decline, there were less whales? ...

fifty2kph Updated 

I thought it would be interesting to compare all of Bitcoin's three market cycles; bull runs and bear markets. I have compared the lengths of all bull runs and bear markets and also looked at resistance spikes during the bear markets. If you see any mistakes or anything interesting you wish to discuss, fire away. Thanks for viewing.

fifty2kph Updated 

I thought it would be interesting to compare all of Bitcoin's three market cycles; bull runs and bear markets. I have compared the lengths of all bull runs and bear markets, amount increased and decreased and also looked at resistance spikes during the bear markets. If you see any mistakes or anything interesting you wish to discuss, fire away. Thanks for viewing.

fifty2kph Updated 

Something I noticed on the Bitcoin 0.56% 0.69% weekly chart is that before the second and third bull run, while the price was under the SMMA ( Smoothed Moving Average ) and the RSI was oversold (under 40 in this case), it would have been a good idea to accumulate Bitcoin 0.56% 0.69% . Is this a reliable indicator for future buying opportunities? What are...

fifty2kph Updated 

Why did I make this?? I'm sick of seeing "hope charts" that are basically the current chart with an arrow pointing up at the end with NO EXPLANATION. Also sick of Twitter and YouTube shillers making money of people's hope. It's PATHETIC. Lastly, I'm sick of whenever BTC rises or falls seeing said Twitter and You Tube shillers immediately linking the...

fifty2kph Updated 

Why did I make this? I wanted to provide the data in a clear and interesting way and I'm tired of seeing ridiculous "hope charts" that are basically the current chart with an arrow pointing up at the end with NO EXPLANATION why. A few other thoughts: Your hope will NOT make Bitcoin's price increase. Any news will NOT make Bitcoin's price increase....

fifty2kph

Why did I make this? I wanted to clearly display the data of the past and present bear markets and past bull runs and let the viewer draw their own conclusions. Also tired of seeing so many ridiculous "hope charts" that are basically the current chart with an arrow pointing up at the end with NO EXPLANATION why. A few other thoughts: Your hope will NOT make...

fifty2kph Updated 

With no new wind, how long can this floundering kite fly at this height before the wind gets weaker and she freefalls to the older and gustier winds below? Once she flies below $4,000 there's zero support until $2,900. Where is the volume going to come from?

fifty2kph

Can it really be as simple as this? The question that everyone wants the answer to - when to buy back in? Past resistance turns into future support; we've all heard this, but is it true and if it is how reliable is it? The attached weekly charts show the past 2 bear markets and the current one. We can observe that in the previous 2 bull runs, points of...

fifty2kph Updated 

Why did I make this? I wanted to clearly display the data of the past and present bear markets and past bull runs and let the viewer draw their own conclusions. Also tired of seeing so many ridiculous "hope charts" that are basically the current chart with an arrow pointing up at the end with NO EXPLANATION why. A few other thoughts: Your hope will NOT make...

fifty2kph

I love and own silver coins; they're beautiful, but I also believe in TA and because of this believe there is much more downside. I don't believe that news and fundamentals affect the price of silver in any meaningful way. I believe in market cycles i.e. human emotions and I don't believe that humans have changed much emotionally since 1971. This is all just...

fifty2kph

I love silver coins; they're beautiful, but I also believe in TA and because of this believe there is much more downside. I don't believe that news and fundamentals drive the price of silver or any other asset. I believe in market cycles i.e. human emotions and I don't believe that humans have changed much emotionally since 1971. Just my opinion; make of the...

fifty2kph

Why did I make this? I wanted to provide the data in a clear and interesting way. A few other thoughts: Your hope will NOT make gold's price increase. Any news will NOT make gold's price increase. Fundamentals will NOT make gold's price increase. If you see any mistakes or anything interesting you wish to discuss, fire away. Thanks for viewing.

fifty2kph

Why did I make this chart? 1. I'm beyond tired of seeing "hope charts" that are basically the current chart with an arrow pointing up at the end with NO EXPLANATION. 2. Also tired of Twitter and YouTube shillers making money from people's hopes. 3. Lastly, I'm tired of people searching for something in the news to explain the price rise or decline. Here's some...

fifty2kph Updated 

Why did I make this chart? 1. I'm beyond tired of seeing "hope charts" that are basically the current chart with an arrow pointing up at the end with NO EXPLANATION. 2. Also tired of Twitter and YouTube shillers making money from people's hopes. It's PATHETIC. 3. Lastly, I'm tired of people searching for something in the news to explain the price rise or...