Looks kind of like we are breaking out of this inverse head and shoulders, approximate target is 8.5k
It seems we are forming a inverse head and shoulder with 90% accuracy of breaking to the upside.
Happy new year!! I think bitcoin is gonna have a great 2020, according to this indicator which is the growth curve indicator which have been succesfull in getting the tops and bottoms of the past, this would be a great time to buy, why would this time be any different? We might come down and retest the bottom curve, but I would not take the risk and just buy it right now.
If bitcoin were to drop any lower, I would assume it to drop no lower then the bottom of the beam band 200 weekly moving average, this would be the bottom. This would also tie in very well with the golden retracement of the log fib retracement. This might be the moment I would go all in, with potential leverage.
Looking for a breakout out of this falling wedge that could take us to 9k.
There is all talk about CME gaps, but no talk of GBTC gaps, do they have the same rules as CME?
There are gaps at tesla and will likely get filled in the future.
We are at critical support, the 6400 area is the defining factor, if we break below it, wave c scenario could happen and we would either retest 3500 area or possibly push through it and test 1k area, but I don't expect that to happen yet, but I would atleast expect a bounce to 9k area, before wave c and trade within the range between horizontal support and the...
If you use the bitmex indicator everytime the indicator went bullish it was a good time to sell, everytime it went bearish it was a good time to buy, why would this time be any different?
I just let the regression trend speak to me, if it is at the bottom it might be a good time to buy.
Using the fibonacci channel I was able to fit this in, according to this, every time we hit 0.618 it bounced right back up again, 0.5 is not as good as 0.618 but still good, I would say anything below 0.382 is a good buy.
Every time we entered the 0.382 area it's been a buying oppurtunity.
Target is around 9k near the top of the descending channel. We got stopped out a bit by the midline of the channel, but I still bet we are gonna reach the top again.
If we use the regression trend, you notice that every time we head to the below the regression line it has been an oppurtunnity this time is no different