There is a clear pattern on log scale that the bear market will end in late May at a price of $2800. The graph shows that the dotted line continues to fall until the point it reaches the long term trendline going upwards. On the other hand, the same analysis has been done on a linear scale and shows that the Bear market will end in October 2019 at a price of...
Some scenarios for bitcoin. The current trend shows that the bull market isn't over yet.
Dotted line = log
Solid line = linear
Uptrend is in green. Downtrend is in red.
This graph shows both the short and long term trendlines . The short term trendline marks the buy zone.
We are still inside the triangle, however we are reaching it's end. Currently bitcoin is in a rising wedge, any breakout will happen within 6 weeks...
For this week bitcoin moves between an area of $6900-$8300 with resistance levels at $7900. If we break the...
As you can see below the long term trend line there is a very clear buy zone which is also in line with the costs for miners at such point they won't sell which leads to a strong support level.
Bitcoin is rallying today, having bottomed out below the $6,000 mark yesterday.
As of writing, global average prices are around $8,150. On Coinbase's GDAX exchange, bitcoin (BTC) moved above $7,944 – the confluence of 200-day moving average (MA) and 5-day MA – earlier today and was last seen changing hands at $8,200
The cryptocurrency has appreciated by 26...
On the 4h chart the follow assumptions can be made:
Once btc price surges above $11300 we enter a bullish market.
Once btc price drops below $10500 we enter a bearish market.
