kaskassa

kaskassa Updated 

Looking into bitcoin history from its beginning and bypassing its infancy, from 2013 it can be assumed a known and grownup instrument, from there we can identify three main bull/bear cycles including current bear cycle: -In past two cycles bear cycle reversed only on a strong support level. -Considering current slowing macro conditions (fed, rates, inflation,...

kaskassa Updated 

IMO market manipulation is part of trading, but only big players are able to perform such operations. I observed one of those last year and reported here If you look at btcusdlongs you can see currently there is an unprecedented desire for btcusd longs in Bitfinex, this extra ordinary longs at this level of btc price imply that there are many whales betting on...

kaskassa Updated 

There is doubt if the support line of 30k is broken or not, to most it seems it has not broken yet, but what if we bring into account the real dollar value ? I experimented that by dividing BTCUSD pair by dollars DXY to have a better picture . The two charts are almost identical for past two years but new chart after compensation for dollar value shows it...

kaskassa

I divided XAUUSD to DXY to get gold price compensated for actual dollar value. Resulting chart in this scale reveals : -Current price still lower than 2011 high in this scale I can conclude it is kept suppressed for long time, comparing to price of every other asset in this period , and considering USD reserve currency status challenge and inflation ahead it...

kaskassa Updated 

Now we have an opportunity to observe a real whale manipulation of btc price in action ! First of all I have to mention in my opinion manipulation is part of the market and nothing is wrong with this if no illegal practice carried out. Further to this, most manipulations are possible when there is uncertainty in a market that make it cheaper and possible to carry...

kaskassa Updated 

Fractals can be assumed unofficial patterns of past that are not categorized , they are specific to a market or instrument , while in contrast, trading patterns (like a double bottom pattern) are almost general and applicable to several instruments and markets. Fractals can be great help if apply correctly. I consider following rules in considering a fractal...

kaskassa

Fractals can be assumed unofficial patterns of past that are not categorized , they are specific to a market or instrument , while in contrast, trading patterns (like a double button pattern) are almost general and applicable to several instruments and markets. Fractals can be great help if apply correctly. I consider following rules in considering a fractal...

kaskassa Updated 

Ok you want to know whether we are in a bull market now....keep reading. BTC if want to be out of bear market and resume a confirmed bull trend, it must be above 11900 level sustainably. On this way there are some other resistances that you can see in the chart and all must be crossed, one important level in the way to conquer is the 10 k resistance, if...

kaskassa Updated 

>>> Why Head and Shoulders pattern are seen everywhere ….. and it seems they fail -Head and Shoulders (h&s) and its inverse version are reversal patterns favorite to traders, this pattern rated among the most reliable or even the most reliable patterns in documents and by TA authors including Bulkowski and others, it is told it is reliable more than 80 percent...

kaskassa Updated 

looking at daily chart an ascending triangle is formed from mid June and it may be at the end of downtrend from recent 10k peak, this is a bullish reversal pattern. ref: stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:ascending_triangle_continuation note: 1-to have the pattern complete this is conditional to price action whether...

kaskassa Updated 

-higher time frames and longer time patterns give better insight of what is going on btc market -if look at 1 week btc chart a giant symmetric triangle has been formed in past 7 months and ATH (look at my previous analysis for details) -we simply analysis this giant triangle and we will have better understanding of the way ahead -above chart shows what happens...

kaskassa Updated 

A simple BTC analysis of past 6-7 months and short/long term view ahead without complex theories. From ATH, three giant pattern structures have been shaped in past six months as fractals, the last one is in process. They seem are shaped to correct the parabolic price movement of late 2017. *Short term: -Their lows not violating the trend line from higher lows...

kaskassa Updated 

In my post on May 8 I identified a fractal shaping similar to early April BTC epic reversal, see related ideas bellow this post, it is still in play for two weeks; now after the second week and having more data the comparison is easier as we are close to the end of fractal. Below is the 1D chart from early April where you can better see the similarities with...

kaskassa Updated 

Fractal regeneration in process: A double top then a big bear flag then a deep down spike and some bottoming and finally a break out, it is the thing that can be seen on process led to big breakout from 6500 to 7500 last month: This pattern repeated three or four times from ATH (plz check a daily chart to see three of them) but the difference for the one on...

kaskassa Updated 

I identified a remarkable inv. H&S in daily chart which is forming around an important BTC trend line and sharing it with you: -It seems at least two resistance levels still are on the way to conclude BTC has been returned to uptrend by most analysts. -One powerful is around 11700 for a long time -The other is currently located on daily MA 200 around 9800 -A...