Idea entirely based off of the fractal above.
Extreme similarities between the two.
Based on the fractal my ideal entry should be just above $6000. This is just as long as support holds.
Final Target would be the 1.272 fib level.
Fractal becomes invalid if we were to make a lower low.
Wish you all the best of luck!
Please note I am only...
Due to lack of movment in the crypto market, I have been experimenting will less common tools to aid in technical analysis. The chart above shows a fully extended pitchfork that just about perfectly calls the top.
Not only that but each additional level below that acted as support or resistance at one time or another, meaning this pattern will...
A quick study composed to illustrate the multiple levels of divergence Ethereum has had since November of last year.
Based on this study, short term trend changes typically took place at the second level of divergence on the Relative Momentum Range Indicator. The only other acceptation for this, was the reversal from the top this last January. At that time, was...
Bitcoin has had it rough the last couple weeks. We have been trading within a tight ranges with very few signals of direction.
Thankfully after this last leg down, a possible bullish bat has started to form with its completion at 7150.
The 7150 level not only marks the completion of the bat, but it also marks the .886 fib level which could be the beginning...
As the historical data has proven accurate over the last 2 months, ETH has now found itself in another correction.
If you have been following my previous historical data chart, where I perfectly called the bottom on Ethereum, this should come to no surprise.
As historical data shows that after the first bounce from the bottom, Ethereum will then return back to...
The chart above shows a nearly perfect Bearish Butterfly that has been playing out.
I say nearly because the only place where it has fallen short is the D leg. Which based on the rules of the butterfly, should have completed itself right at 10k (based on BitMex charts).
However, IF the local top IS in, based on fractals of recent harmonics (see previous post)...
Overnight, BTC had an amazing bounce off the trendline which formed from the recent 6.4k bottom.
However the bounce at 8.8 was 4/5 steps for a Bearish Gartley pattern.
The 5th step is a hit on the 1.272 fib level approximately at 9500.
If we fail to break past $9500, and then break that upwards trendline, I would expect a C wave to be added to this recent Bitcoin...
The last week has been a wild ride! BTC, ETH, and nearly every other crypto have seen massive upswings since the last touch at $6400. However we all know the saying, what goes up must come down. I am just hoping these next moves down are small pullbacks and not a continuation of the bearish trend.
We currently have multiple bullish factors on our side. We have...
Once again Bitcoin is starting to squeeze so another major deciding point is coming up!
We recently had a small bounce right out of the fractal support zone and support trendline.
Unfortuently, before even having the chance to test the top of the wedge we were knocked back down to test the same support levels again.
Generally it is not a good sign to test a...
Before you read any further I want to state the current market state is extremely BEARISH . There is absolutely no sign of reversal yet, so buying on the support levels I have shown is extremely dangerous. Please do your own due diligence and wait for clear signs of reversal.
This analysis is entirely based on fractals, fibonacci retracements, and price ratios....
Before you read any further I want to state the current market state is extremely BEARISH. There is absolutely no sign of reversal yet, so buying on the support levels I have shown is extremely dangerous. I have lost nearly my entire account attempting to catch the bottom on this tumble down. So please do your own due diligence and wait for clear signs of ...
After another downward spike, BTC is once again resting on the major daily support trendline. Which this happens to be the .618 support of the current swing as well.
It is very possible that BTC could see some upward movement from the $8000 suppoer. However, doing so would risk the possibility of an ABCD formation.
Moving up from $8000, and failing to break 9.7...
Earlier this week, BTC had a fantastic bounce off the 2D long term trendline that I have shown on the chart above and more clearly on the one below.
We are now facing minor resistance at the .382 fib extension, with the major downward trendline not much higher above.
Failing to break through this first level of resistance would likely be a continuation signal,...
please note: this is not a complete trading idea. This analysis is entirely based off historical data.
Many of us know that Bitcoin has seen several major correction throughout its lifespan. The last major correction took place back in late 2013, which resulted in a 90% correction from the top.
The chart above shows the percentages and ratios I collected from...
As you can see, since mid January we have had multiple harmonic patterns play out with extreme accuracy.
Starting with the Bearish Gartley that sent us from 12k all the way down to our low of 6k.
This of which completed a beautiful Bullish Butterfly that has sent us soaring to where we are now.
After an 80% increase from the bottom, we now have multiple...
Since the beginning of the year BTC has seen a massive breakdown. Dropping nearly 70% since it's all time high in December.
The chart above shows throughout the breakdown, we have been given multiple breakout signals, all resulting in lower lows.
Once again, BTC has broken a major downward trend line. However, this time we gave been given multiple bullish...
As you all know, there is a lot of uncertainty running through the crypto market at this time. Many worry that Bitcoins parabolic trend is broken and an even more serious correction could be on its way.
However, Based on Trendline Analysis the chart above shows a very different possibility.
We recently just bounce off two historical trendlines, one at the low...
A replicated model of "Economic Bubbles" by Jean-Paul Rodrigue which I overlaid onto the BTCUSD -13.83% chart.
Terrifying resemblance considering this this model was created in 2008.
What stage do you believe we are in?
I do not believe this is the end of crypto.
However, I do advise everyone to keep an open mind, and to trade carefully.
I wish you all...