I have noticed that we have spikes that activates buy stop orders and cancels out stop losses. This is bad.
But there is a way around this. If we look at how long the the tops last, we can see that there is a 1 day window before a drop or jump in price. If we wait until the big spike has passed, represented inside the black squares, we have a small window to...
We might be going fo a retest at around 7000 +- 100.
Big Green is resistance. Red resistance not that important anymore, but it is there.
Small reds are our current channel, it will break on bounce.
Just follow the arrows and make your trades if you belive this is correct :)
oh yes the red and green lines are our current cycles. After red BTC goes down,...
Cycle prediction. Hitting support main line @ around 7100. Backed up by my own Crazy waves based on this year cycles and 2014 bubbles 5 tops before downward trend. We have now finished 2014 third wave and are moving toward the more neutral 4th one. Before we see a much more bullish 5th top. Remember TOP's not waves.
Today I found some bad stuff on the weekly log chart. I hope they are not signs for the future. But I am going to show you anyway.
Look at the dates and the pattern, and the price percentage decline...........
Lets hope its not a 2014 year, fingers crossed and lets hope this is completely wrong.
This is just a observation post.
If we had used the obv support and resistance lines to predict price on the 2h chart we would be spot on..... for "long time"
Ok so done is done. We see that the super steady growth support line in green from even before what people like to call the cryptocurrency bubble (Just like the internet is a bubble.....) This green line...
I just want to inform all you traders out there about this. So that you understand what is happening, instead of listening to too much FUD and FOMO. BTC is not going away, not this year atleast. The green line is the average BTC growth, roughly. As you see we are now near the end of the Christmas correction. This means we should see the price high and lows over...
Bounce on the 7300? lets hope if so lets hope it will break the blue tiny resistance line. If not we will see 6000 around the 6th of april. The green line is our hard support-line moving with the trend.