Bitcoin hit $19469 yesterday, dipped to $18641 earlier today, and reached $19500 an hour ago before dipping again. It looks like a small cup and maybe a handle is forming now. Resolution of the cup and handle target would be $19500 - $18461 = $1039 + $19500 = $20539. Time will tell if this pattern develops to the target.
Litecoin broke its long term downtrend line in March 2017. It had explosive growth in price after this until it topped on Dec 19, 2017 at $370.78. End of month prices were as follows (Bitfinex prices): Feb 2017 $3.81 Mar 2017 $7.13 87.3% Apr 2017 $16.84 136.2% May 2017 $24.78 47.1% Jun 2017 $38.83 56.7% Jul 2017 $42.11 8.4% Aug 2017 $72.69 ...
Minuette wave (iii) ended at $15977; it's move from $13530 to $15977 was a $2447 move. Minuette wave (iv) could end at $15035 which is the 38.2% Fib retrace of the minuette wave (ii) to (iii) move; $15301 was reached as a low so far over night. If minuette wave (iv) ends at $15035, then minuette wave (v) should not exceed (iii)'s $2447 move unless it's an...
Here's where Bitcoin might be headed if gains from Nov 2016-Nov 2017 are replicated: 10/31/20 $13818 11/30/20 $14730 6.6% 12/31/20 $19311 31.1% 1/31/21 $19234 -0.4% 2/28/21 $23696 23.2% 3/31/21 $21587 -8.9% 4/30/21 $27437 27.1% 5/31/21 $45655 66.4% 6/30/21 $48669 6.6% 7/31/21 $56650 16.4% 8/31/21 $94096 66.1% 9/30/20 $86098 -8.5% 10/31/21 ...
BTC is in an ascending triangle now. The target of this one is $14000. You say so what? It's important because that target will break the June 2019 high of $13868 and the Dec 2017 monthly close of 13863. There is not much resistance to $20000 once this target is met.
Examining the weekly chart there are dates where the weekly chart of Litecoin is equivalent in this bull cycle as the last bull cycle in 2015-17: 1. Bear market bottom: 1/12/15, 4/6/15 compares to 12/3/18 2. LTC pre-halving high: 7/16/15 compares to 6/17/19 3. LTC post-halving low: 3/14/16 compares to 12/16/19 4. BTC pre-halving high: 6/13/16 compares to...
In Oct 2011 it took 1043 Bitcoins to buy the NASDAQ index. Today only 1 Bitcoin will buy the NASDAQ. Has Bitcoin outperformed tech stocks in the last 9 years? Answer: A resounding YES!!
Litecoin on a monthly chart has definite support and resistance lines long term. The resistance through the Nov 2013 $55 high and the Dec 2017 $370 high leads to a $2500 top in Dec 2021 to a $4000 top in Dec 2022. This would correspond to Bitcoin at $140,000 in Dec 2021 and $220,000 in Dec 2022. Notice the green accumulation areas in 2014-16 and 2018-20. ...
4/4/11 Bitcoin found support at the 21 wma at $0.58. A bull parabolic run then started. Two months later the BLX rose to $31.90 at the top of the bitcoin log growth curves, up 55 fold. 2/13/12 Bitcoin found support at the 21 wma at $3.90. A bull parabolic run then started. 21 months later BLX rose to $1177 at the top of the bitcoin log growth curves, up 301...
Bitcoin has been in an uptrend since the $10100 low formed with support at the 21 wma. It looks like it's in an ascending triangle now. A break of resistance at $10800 should lead to a $11160 target. I'm expecting to see the 21 wma to act as support from now on after providing support at both $9800 and $10100.
BTC looks like it has completed minor wave 2 and is beginning a very bullish minor wave 3. On the daily chart, today's move looks like a bullish reversal candle. On the weekly it looks like the 20 wma has provided support at $10100 just like it did at $9800. The 20 wma IMO is the most significant indicator of support in a Bitcoin bull market.
Uniswap blasted from $4 to over $8 yesterday after Coinbase and Binance listed it. The 5 wave impulsive move has been followed by a 3 wave ABC correction that may have just completed at the 0.618 Fib retrace of the 5 wave impulse at about $5.23. If wave 3 equals wave 1 (and it should or be more), then UNI should gain about $5.50 and be near $11 in the next few days.
4/13/11 BLX exits the bullish Mayer Multiple price bands above the 200 dma at $0.93; BLX goes parabolic until 6/8/11 $31.90 top above the top of the price bands. 3/13/12 BLX enters the bullish Mayer Multiple price bands above the 200 dma at $5.28; 2/15/13 BLX exits bullish Mayer Multiple price bands at $27.26 and goes parabolic to 4/10/13 $268.67 top above the...
LINK has finished wave (4). A minor wave 1 followed by an ABC corrective wave 2 should be completed now. Minor wave 3 should break the triangle UP.
I've got BTC in an ABC correction that will eventually break down and fill the CME gap. BTC should be going sideways for a few days then break down to complete the larger C wave. Mid to longer term BTC is very bullish IMO.
This correction the past few weeks has one more leg down. The descending triangle formed the last few days has one more c wave correction coming. Once the triangle is broken to the downside, the CME gap from July 24th at $9600 will finally get filled and the ABC bigger correction the past few weeks will be finished. A new bull wave will ensue in the coming months IMO.
Many times Bitcoin has held its 20 week moving average in its bull cycles. These are the weeks Bitcoin has pulled back near the 20 wma and the average held as support. 6/4/11 6/4/12 11/5/12 9/30/13 3/28/16 5/23/16 8/29/16 1/9/17 3/20/17 7/17/17 9/11/17 Bitcoin has pulled back to $9895 this week. The 20 wma for Bitcoin is currently about $9700. Will BTC hold...
Bitcoin has made an intermediate wave (1) when it hit $12486 on 8/17/20. The $8628 move from the $3858 low on 3/13/20 completed the wave. This is intermediate wave (2). A 38.2% retrace to $9190 would be good for Bitcoin's future moves to the upside beyond $20K and would fill the CME gap at $9600. 161.8% of the $8628 move in wave (3) would take BTC to $23150 if...