A baby is born! Fractal symmetrical triangle formation. Trendline support below the mother triangle is now established with a confirmation. Inflection point has been reached at the apex of the triangle, as can be seen by shrinking volatility. Anticipating a 20%-35% bullish trend from the apex.
Support from both the 1day and 4hour clouds. Confirmation in the Gann fan and square. Previous peaks show a strong correlation with the few days preceding a new moon. I think there's a GOOD posibility that we could see $118-$120 before Wednesday 7th August.
I've seen it said that Ichimoku's are not effective on short time-scales, and that anything less than a 1 day Ichimoku is useless. I disagree.
No single cloud timescale can truly effective on it's own. The longer the timescale, the more influence, or weight the indicator has. I've hidden the MA's for clarity. Price has followed lines of support and resistance in...
Logarithmic price scale. The average period between major peaks during the entire life of bitcoin is 222 days. The periods between peaks vary between 210 and 238 days. Extrapolating from that, I'm estimating that the next major peak will occur between 11 Nov and 2 Dec, most likely near a new moon, so perhaps closer to 2 Dec.
Date correction - New moons are on 4...
Support above the cloud with confirmation in the fan, and at the historic $88 level. There could be significant resistance at $104, being the peak price of the current lunar cycle. The previous three peaks occurred on or just before full moon.
Going above $104 now (after full moon) would break the lunar correlation which has been consistent for 3 months. The...
This chart has had some slight adjustments made since I previously published it on the 14th. Looks like we've exited the bearish trend which has prevailed since 26-27 June. I'm hoping for $120-$124 after a correction around $110-$112.
My previous couple of ideas appear to be roughly on track, so I've developed them a little further. Barring any major BTC news events, I still anticipate a reversal near $94 before the next bullrun (perhaps to around $125).
Fairly good fibonacci fit down to around $94 (or $77, but I suspect it will not exceed the previous low). Interested to see a possible lunar correlation at the half-cycle positions (would be great to be able to view lunar half cycles using the standard lunar cycle indicator).