stargazer1

stargazer1

If we really are at the bottom and end of the bear market, expect a retest of the lows. Don't FOMO thinking you have missed the bottom. There are always more entry points.

stargazer1

The writing is on the wall with BTC. We are forming the same supports and resistance as we did four years ago, only at prices an order of magnitude higher. Failure to break up here could be the first step in the final capitulation.

stargazer1

This is a scenario I can see happening with bitcoin throughout the year. Bullish momentum coming out of the symmetrical triangle, followed by a failed A&E double bottom. Then real capitulation coinciding with Mt.Gox reimbursements.

stargazer1

Here I present a scenario that would see BTC reach $1700. This would continue the long term trend on the weekly timeframe and would coincide with historical RSI patterns. It suggests that the final phase of capitulation is yet to come.

stargazer1

The large symmetrical triangle on BTC/USD has broken down convincingly (with volume ). Here is the calculated target using Bulkowski's method (thepatternsite.com).

stargazer1

This simple moving average strategy can be very effective, especially when the market is erratic. Large downswings can be confirmed when the 10MA crosses the 20MA on the daily timeframe after a big upswing. Using Heikin-Ashi can help confirm the direction and momentum of the move.

stargazer1 Updated 

If this fractal plays out, it will take BTCUSD below the key level of support at $3500.