at the same price two weeks ago, BTC crashed 6% less hard than it is crashing right now. (See angle of decline) To put it differently, given the same price we had last month before the big slump, it is crashing 6% faster right now. There are active agents making a tactical dump, and others are following suit. We'll be back to this price again, but in a few...
resetting my BB and MA to accomodate the bull market
As you can see from this upward channel, the momentum is waning, and about to fall outside the channel. This will likely happen if the market does not rescue it. I see little reason for it not to. Let's hope it continues to cheapen. The recovery momentum was so good, there is excellent buying presence in the BTCUSD area right now.
per excavo, whose trend was established falling off the 19K -> 17K highs (lower highs), we are out of the falling trend. This is a big deal which I wrote about earlier today, as I scramble to figure out how to respond to this new bull chart. I am big on buying dips, so the upcoming dips will be short lived. Time to find a spot and hold for about 50 days or...
or else risk another big drop back down into the low 7K area by late march
At $6k last year (december), it took 14 days to rise 57%. Now, two months later, at 6K it took 14 days to deliver 92% gain. Twice the demand? Yes You are sitting on a powder keg, in terms of demand right now. Will it drop? Probably not by much, if history is guide. We are growing at 2x rate, at same price. This document is for information and illustrative...
Surging chart, hoping for a dip, maybe not going to happen soon. Strong fundamentals: 1) strong demand for cryptos, institutional buy-ins taking place, professional traders battering price, signaling strength if-pullback 2) no bad news on horizon, strong SEC, Korea govt news, no bans, enhanced regulations online (international BIS, though) 3) great upcomining...
I know people are expecting a drive up to 10K before turning south. It will need to break apart the apathetic triangle right now. $8.5K seems to be a test point. As you can see the longer term pitchfork preceding last year's price boom, we are on track for bull market. However in our dropping-knife condition, trading is dangerous on the short term. Since all...
last post could adjust the impulse waves going up to the surge, then now, as we recover. Parallel channel remains important mode of trend R/S. Make a prospective Elliot set to illustrate the rebounding impulse up to summer gains. Pretty healthy recovery from rebound to low of 5.8K. Price just did not stay there, per my last predict. NOT AN INDUCEMENT TO TRADE /...
if you are reaching close to 100% growth by summer's end, who's complaining? Once BTC exceeded upper bounds of its parallel channel, growth went asymptotic. Can't keep doing that forever. Too valuable. Have to restart within a reasonable channel, to keep growth. Even if BTC continues to grow along this parallel channel, you have 2x growth by end of summer....
2014, crash went not-quite to 23% fib retrace. zooms up 157%, near term recovery. I would recommend sticking around for this
See how insignificant the current decline in BTC is? Historically, BTC has grown slower, in logaithmic terms in the past four years, than in the previous two. The aggregate growth rate has slowed down 50%.
5K is real support, pertinent to 200 day MA if you can shed $4k of price over 2-3 weeks, what prevents you from doing some more? Inverse parabolic!
we have been treated to such delicacies, we should not complain at how we've escaped the 200D MA. Here is a trend based on linear gain over 200 days, and how it's shot upward. We'll likely dip beneath the linear 200 day trend before regaining it -- the recovery of 200 day linear MA is where there is bullish trend, and hope for price gain.
savor the fact that crashes yield very significant ROI, in the BTC universe. Instead of craving for explosive gains, you should pray for total and complete crashes.