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I'm posting this to put the BTC price in perspective. BTC price is right now at a weekly resistance and at a multi-year trendline resistance. I'm not suggesting anything, but only a decisive break could give us a reason for excitement. Until then, however, ... :-) Safe trades!

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The price has reached the bottom of a parallel channel and a trendline from the December 2017 top. The latter should act as an even stronger support.

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The descending (log) channel implies a local top.

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ETH is set to rise very nicely against the BTC by the end of the year. Let's see if it happens.

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There are currently two bearsih signs on higher timeframes: 1) BTC has been rejected by the MA200 on 1D for the second time since March. It's quite likely that the price would stay below the MA200 for a while. If the price breaks the MA200 and bounces from it, that would be a great bullish sign. 2) A hidden bearish RSI divergence on 1D. However, there is a...

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BTC has gotten close to the tip of the ascending angle. Furthermore, there is a bearish divergence on the 4H. Both of these suggest that we can expect a retrace. I'm looking at the Fib 0.618, which is around $7700. However, if you want to buy more BTC after the retrace, wait for a reversal sign before buying. (This is not a financial advise. Trade based on your...

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On the chart you can see that BTC has arrived to a trendline support. If if doesn't brake it, is would become resistance, which would not be a bad sign. A negative sign right now is a decreasing number longs. Today they decreased rathen than increased. For a sustained rally we would need the longs to steadiliy increase. One last thing, you have probably noticed...

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Today the BTC price has clearly bounced from the main channel. If the price will hold, it means that we're not entering the main channel after all - yet! So, if we're not going down, then we're going up. :-) Some alts have already rallied recently, so why wouldn't Bitcoin. To see what we can expect, I've drawn a fractal of the two peaks from April and November...

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I'm posting the above chart of the BTC channel for those who want to get some long-term perspective about where we stand currently. We can observe that in 2014 and 2015 the price descend ended with the "stab" of the descending wedge into the multi-year "channel of the channels". The descending wedge had been created for two years, because the ATH at that time was...

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Bitcoin is currently on the way to drop further, but it is not yet clear what it will do with regard to the February $6k low. On the chart above you can find one of the scenarios -> taking out the $6k low: if BTC takes out the February $6k low, this would create a multi-month (= quite reliable) descending wedge, which would imply a price drop to between $4k and...

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BTC is currently ending it rise within an small time-frame rising wedge (yellow lines). A high probability scenario is a fall to around $6k or lower. In a larger time-frame, BTC is descending within a larger falling wedge (purple lines), which could in theory bring the price below $5k, but we should first wait and see the further price action before we jump to...

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A bullish divergence appeared today, which is a good sign. The only question is, whether we have already reached the bottom (in the short term). I would prefer a sharp tip much better then the current ranging structure. The current price action looks more like just another consolidation before going one more leg lower. In any case, while we should not be far from...

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We have taken out a low. Now, tthere is a bullish divergence on a 1H time frame, which offers some hope of a bullish reversal. On a short time frame this means that the reversal can also be short term. Let's wait and see.

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A bearish hidden divergence has developed on a short TF. That's not a good sign. We might be consolidating before going further down to test $6k or even break it. (Not a financial advice. Do your own research.)

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The wave 5 is perhaps completed or is soon to be. We might see a corrective sequence up before going further down. So far, we are proceeding as predicted (see the linked related idea). Your comments & ideas welcome.