goncalo_bile

goncalo_bile

So, what do i have. - Daily TF - Fib’s - 50(green) MA and 200(blue) MA - Previous uptrend channel (green) - Downtrend channel (red) - Levels of significance(due to past setups) under the heavy support/resistance at 8.4K, including major support at 6.2k - Mirror of the correction from 2014(just as a guide of a previous big correction of the same asset) - Volume...

goncalo_bile

Welcome Crypto believers! Let's take a look at the weekly chart. Since the first big Bull run, back in 2013/2014, BTC has done some interesting moves. We can see that after the run, the correction lasted almost a year inside a downtrend channel that took it down more than 50%, starting to accumulate after that. It entered an uptrend channel that pulled back when...

goncalo_bile

If we look at the daily chart, we can see that the last time OBV was this low, we were at 6k. My theory is that all the late enthusiasts are stepping out of the game causing the market cap to contract . let's see where this takes us! Stay safe!

goncalo_bile

Target at 6.9K Stay safe!

goncalo_bile

Volatility takes us again to another falling wedge! It can break us out of the downtrend that we are watching for the last couple days! Let's see how it performs! Stay safe!

goncalo_bile

This could take us back to 10k where it can find suport. watch out! Stay Safe!

goncalo_bile

Stay safe!

goncalo_bile

Stay safe!

goncalo_bile

H&S Target - 8.6K Stay safe!

goncalo_bile

Ok, let's assume we are in a bull market since the beginning of times! I've learned a TA technique that is called HVF (Hunt volatility funnel). This technique takes 3 highs and 3 lows to converge in a decompression that can go up or down, depending on the trend. let's use it to think positive! BTC touched 6k and that gives us our L1, being the 20k our H1. Now we...

goncalo_bile Updated 

Lets just see how it performs. Don't forget to ride the waves like a pro surfer! Stay safe!

goncalo_bile

The five Crypto market cycles 1- Accumulation 2- Healthy trend 3- Unsustainable parabolic move 4- Fast pullback 5- High volatility In which cycle are we in right know?