Possible patterns to notice: - Previous 20 and 50 MACD crosses signaling the end of a bull cycle and start of a bull cycle - Long term support line at ~6k since before BCH hash war - 4 year topping/bottoming cycle (vertical lines at tops). All time tops for BTC volume are definitely decreasing over time - Peaking volumes at tops, bottoms, and low volume at...
In the event that price breaks down below the 8000-8500 level, we should talk about what scenario is likely to play out. I believe it is unlikely we break even below 8k, we seem to be bouncing on the 20 and 50 week MA. Also, there is a long term trend line across the bottom of the last last bear market that crosses around the 8000-8500 level. If we break below...
In the event that price breaks down below the 8000-8500 level, we should talk about what scenario is likely to play out. I believe it is unlikely we break even below 8k, we seem to be bouncing on the 20 and 50 week MA. Also, there is a long term trend line across the bottom of the last last bear market that crosses around the 8000-8500 level. If we break below...
Could be a good chance to pick up some XRP in the next few weeks to a month. =) Cheers!
Could be a good opportunity to pick up some XRP in the near term as the price corrects. Cheers!
Could be a buying opportunity after the next major correction in the alt coin market.
Another example of my terrible drawing skills. The leftward most vertical line indicates the BTC halving event (note: numerous other coins will be having their own halving events around this time as well) and the rightmost vertical line indicates the estimated top of the upcoming bull market. The red horizontal lines are lines that coincide with areas of high...
If you invert the BTC.D chart, it looks like a pretty clear bottom structure. We could see a short term increase in BTC dominance, but overall it seems pretty clear that BTC dominance is has or is currently topping out.
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Here is how I see the next few months playing out for BTC: - Overall, I am bullish. We have been in this downward channel/bull-flag for a > 6 months. RSI is now oversold on the weekly chart and approaching oversold on the monthly chart. Additionally, the price remains above the 20 and 50 month MAs, which are getting quite close to each other (change to monthly...
Looks like we've been in mini-H&S land for a while now. However, there seems to be a larger, downward sloping H&S pattern, with volume confirming each shoulder. We could see price break down and overshoot the bottom of the channel. The H&S target could reach the 5k area.
Looks like the daily/4hr candles are forming a small triangle pattern that could bring price up to ~8500. At that point we could see price fall to the bottom of the channel at around 6.5k, however I believe we might overshoot that price. From a time perspective, it looks like we need more sideways movement before we resume the upward trend. Additionally, the MAs...
Several things to point out here: - We just closed a monthly candle above the 20 month MA, after peeking in. In the prior bull market, the 20 month and 50 month MAs began to approach each other before market went full bull. - With BTC, corrections take much longer than run ups, ~1.5-2 times as long. - The blue lines and purple waves show a possible long term...
Outlined in this chart, BTCUSD could be forming a larger triangle. This means we could see a temporary breakdown to the 8.5k range (6.5k at the lowest). You can see the volume decreasing toward this several month equilibrium pattern we find ourselves in. You can also see the 20 and 50 week moving averages are looking for a place to cross soon, and should serve as...
Pretty self explanatory. if the past is a valid predictor, then we're going to moon..