Here is one for the IHS case everyone seems to be expecting. We had a very similar pattern in july 2018. Indicators and oscillators exhibiting same arrangements.
One thing to note is that in both 2014 and 2018 bear markets, BTC has always reached the top of the downtrend cloud once breached. In this case, that would mean an eventual move to 4800 area.
Hello Crypto Compatriots,
It has been quite a while... Glad to be back.
Tears fill my eyes as I gaze through the ranks... So many comrades have fallen. The 2018 bear market has taken more than lives, it destroyed hopes and dreams.
Some unfortunate soldiers have given up on the their ideals, forgetting the possibility of a brighter future, one where Bitcoin...
Dear Crypto friends,
How are you all doing in these harsh times? Well crypto is definitely going through a rough patch, and that tough passage could be over, or it could last for a very long time. Only time knows, and i'm not even sure it will know before we do.
For the less story-savvy people, here are some more traditional pathways woven by the Mother Down...
Hello dear friends,
I've seen a lot of charts out there drawing comparisons between the Mt Gox 2013/14 crash and subsequent bear market with Bitcoin today.
While this remains the most obvious potential scenario, it is not the only one. The permabull in me might be bias in believing there is an alternative outcome for the coming months that doesn't end with...
Hello dear friends,
this is more of a study than a chart.
Here is what i did:
* I sampled 16 IHS that showed over the past year and were visible on the 4hr chart.
* I took in consideration sloppy patterns but ignored the ones that didn't complete or patterns that were too small or too big to discern on the 4hr.
* targets are calculated roughly based on the...
After a brief but violent encounter with a cryptobear, Bit, the valorous honey badger finally found his way out of the forest.
He is now a the foot of the Hoping Hills, land of bulls. While the bears have shown nothing but aggressiveness towards our hero, the bulls have shown sympathy for our furry hero. Here is the thing about bulls, MOST (but not all) bulls...
Hello Dear Friends,
Since You have been enjoying the story of the magnificent, soon-to-be-king Badger, i thought you might be interested in hearing the tale of how he met his long time acolyte, sidekick and longtime friend. Lend your ears and heart to the adventures of Chikun, and I promise you won't be disappointed.
This is the TALE of a young warrior, skilled...
This is the tell of a hero, and the incredible journey he will follow to answer his true calling: Become the leader and savior of a kingdom once dominated by evil forces. But such great reward doesn't come that easily, and many challenges await on the road.
You will have guessed, this hero's name is Badger "Corn" Bitcoin. And like every good...
If you have never heard of Choose Your Own Adventure it means two things. One, you're probably younger than me, and two, you've been missing on a thrilling series of books, where you, as a reader, were given a choice at the end of each paragraph. Based on that decision, you were taken to a different part of the book and the story was evolving accordingly.
Hello fellow traders. It has been a while since I posted anything on TV, but since 2018 is set to be a year of fundamental changes around the world, maybe it will also be changing my procrastinating habits, or maybe not. After all, some things don't ever change, bound to drift in an infinite 2.33% loop and repeating the same patterns over and over... Yes, you...
Let all those C# Java devs get a taste of the blockchain. THat's what Stratis plans to do.
So niche market, no competition and even if it did, Full node approved on Microsoft Azure makes it best in show. Stratis is here to stay for the long run.
But, unlike many coins out there, the coolest part about this coin is simply its name ;)
So come on, crank some Pink...
LBRY is one of the hottest and most promising blockchain projects out there, backed by a real existing product, and the chart with this ginormous C&H looks amazingly juicy . This is a long term investment.
As for the immediate, Wave 5 has started and if everything goes well for crypto, it should take us to the 1.618 fib above .0006.
I encourage everyone...
Why is Dr Evil so evil?
Some say its because he wants world domination,
To fund his plans, he needs to get your bitcoin,
But they are way too expensive... He already spent most of his fiat on that super lambo-laser he is so proud of
So Dr Evil is sending all his henchmen around the crypto globe with a simple task:
Bring the price of Bitcoin down so he can buy...
I like Wolfe waves. They are simple and dramatic, easy to understand and have a cool name. More importantly, If this is playing out as intended, it means big things will happen for ETH.
Given the recent debacle and price debauchery, we could fantasy a scenario in which ETH has way more upside than downside. To support it, we can see a bullish div forming, and...
Impossible to miss the ginormous W shaping up. After multiple failing attempts to map a harmonic pattern to it, the bearish crab looks like a potential match.
Provided we just completed wave 3/5 of that uptrend leg, we could expect wave 5 to take us higher after a bit of consolidation. A price of $60 would put us in the perfect spot for a bearish crab formation....
FCT started a consolidation pattern that looks like the beginning of an ABCDE Elliott Wave Running Triangle.
If C wave bottoms as expected, let's look at a zigzag formation of the DE wave for confirmation.
Buy target would be at the end of E wave