fritzz

fritzz

Support 2 is holding well. What was support 1 at around 47k in part 1 (link below), is now resistance 1, and I'm metaphorically betting we revisit it in the next 14 days. I'm not buying back until/if the 50k levels are reclaimed - and will be all in again if 58k is reclaimed. I'm alright with missing out on 25% potential gains, so long as I'm sure the bull is back.

fritzz

Color coded to show similarity. It looks like a hand, with each fingernail painted a different color. If the similarities hold up, then we should see BTC at 46k soon.

fritzz

Each 14 day bar has opened and closed in roughly the same range (highlighted blue). The latest wick below touched support 1, then retraced back into the blue range. That quick retrace is a bullish sign. It seems the path that BTC takes next will be shown by a bar which closes either above or below the range. Keep an eye out. IF 14d bar closes above the...

fritzz

There is a strong bearish argument to be made. In my opinion it is stronger than the bull case at the moment. I won't go over it here, but if we assume the bears are right, then I provide three reasons why 40k-42k is a good place to buy.

fritzz

So long as we stay above $1.50, a next leg up is probable.

fritzz

Small update to this idea.

fritzz

An update to this 8 month old idea (). Analysis in chart.

fritzz

A simple idea in chart. I wouldn't buy TESLA over $200. Perhaps we'll be lucky and find TESLA at that price at the end of this year, after when the crypto market likely tops out.

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Analysis in chart

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analysis in chart

fritzz

I noticed a pattern which has repeated itself a few times. Further analysis in the chart.

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Description in chart.

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Analysis in the chart.

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Analysis in the chart. Very similar to ZECBTC.

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If you overlook the covid dump, it looks like a year long bull flag ping ponging from the two drawn lines.

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description in chart

fritzz

reminds me of the recent MITXBTC chart

fritzz

Historic resistance seems to have turned into support.