While there is a lot of FUD around I remain calm and positive that we are about to experience a break to the upside and that we will see a new ATH before the end of this week.
My next price target is 64k and after a short consolidation 67k will follow.
There is a massive outflow of both Ethereum and Bitcoin from the exchanges. There are rumours that there is no...
We formed a consolidation pattern. Now we are approaching it's apex. I expect a strong breakout to the upside and resumption of the bullish trend.
To support this we have a decreasing volume inside the triangle which indicates we are clearly in a consolidation pattern. The further decrease in price is not supported by volume.
On the MACD we can see a bullish...
We are forming a bullish flag here! We are touching the upper descending trendline for the 4th time already. I expect a break to the upside coming soon.
We already got 5 waves in the descending channel.
We have a slight bullish divergence on the oscillators.
The flag price target is around 2200 $ .
The purple price-action is representing the last 4th phase of the previous Bitcoin cycle. As we can see the correlation is stunning. Thanks to this fractal I have been able to predict any major price swing including the last 2 corrections (and their depth).
This fractal is screaming for another enormous leg-up that will take us up to around 87k for Bitcoin ...
We are currently forming a consolidation structure with a rounded bottom.
I guess we could say it looks like a cup&handle formation, anyway, it is extremely bullish. What is more we got a nice bullish hidden divergence on the Stochastic indicator.
My next price target is at least 1,40 and a test of the ATH form Jan'17.
That's a 50% profit from the current...
This is an extremely exciting moment. It looks like Bitcoin is negating all the bearish momentum and like Phoenix is rising from the ashes.
Support trendline is holding. We are breaking out from the falling wedge (still to be confirmed so fingers crossed!). ABC correction wave may be already completed. Ichimoku cloud still bullish .
Guys if Bitcoin will hold the...
I believe that we are currently in a falling wedge formation - which is typically a trend continuation patter (in this case a bullish one).
This correction was well overdue and from a broader, long-term perspective extremely healthy for this epic bull-run that we are in.
As you can see in the graph we are in the C leg of a classic ABC correction.
We are currently forming an inverse H&S pattern. Which is confirmed by a bullish divergence both on the RSI and Awesome oscillators.
What is more, if we zoom out we can notice that we are bouncing of the .382 Fib retracement of the Feb'02 - Apr'08 bearish impulse.
It should take a while before resuming the bearish trend.
Take Profit: 92
After breaking ATH on Mar'17 at aroud 1280 $ we got a -30% correction.
If we take the fractalic price-action from the bottom of that correction up to the top of the bullish impulse that followed it we get something really interesting.
This price-action is almost identical to what we are experiencing right now. Last month after breaking the previous ATH we got a...
We are about to explode to the upside. We still have over +150% of gains to reach just the previous ATH. I expect this to take place in the upcoming few weeks.
The chart is self-explanatory.
Enjoy the ride!
Altcoin season is about to start. Cardano is a great altcoin project with enormous potential.
For the last couple of months we have been forming some interesting reversal patterns.
If we break the drawn trendline the price will immediately explode to the upside. No more words needed. Let's see if we reach my price target.
This looks extremely bullish to me. We are getting weaker and weaker rejections of the 20 k resistance level. This will not hold for long... I expect Bitcoin to make a quick move to 22.5 k level.
This level converges with my previous analysis... Especially with this call that I made in April:...
We have formed an inverse H&S pattern. Stochastic oscillator and MACD also showing bullish momentum.
Right now we are attempting to break the .618 Fibo retracement level of the Mar-Aug'20 impulse. After breaking it we can experience some minor resistance at 9,2 $ which is the 0.5 Fibo level. After that we will reach our Take-Profit target at 11,2 $ - which is a...
This chart is self-explanatory. If this fractal should keep the same pace of correlation we will see Chainlink reaching 60$ till mid 2021.
The blue price action is the Ethereum chart starting from Mar'17 till Jan'18.
No more words needed.