Its been in a LONG consolidation channel on the daily. However channels are typically continuation patterns so lets see if the bottom holds and whats in store for the next few months.
I am measuring the angle between the candle closes and it seem to be getting steeper (It depends if this daily closes green, otherwise thats not the case) Measuring the angle between the lows also it looks like the angle is getting steeper. So at this time it looks like a nascent parabola is forming. It all depends on wether or not the daily closes green i...
Maybe the price will follow and try to the top of the triangle in the very near term. OR it will simply roll over here and break down the triangle :| But im skeptical of that because im kind of a perma bull. Anyway lets see.
Its possible that downpressure will return and everyone will get into a state of panic. I mean thats always possible. Also the downtrend from $20k is pretty clear where as the uptrend is no immediately clear. So why not go to $6,700 thats probably where most of the whales are waiting..
The previous two times BTC went outside the triangle it retraced back inside. Now its outside again. Maybe its legit this time. Maybe it wont retrace. But if it does that would seem kinda bullish?
It is a sin to be bullish on Bitcoin. This is why it dropped from $19k to about $7k. You were punished for your greed. Question is if the punishment is over and the new sin can begin.
The explanations are in the chart. PS. this is just a theory, obviously, but i wanted to share it anyway. I hope you like it.
Weekly does not bode well for the bulls. It will close by the end of the day. Unless BTC bounces hard before then, could get a few more weeks of blood. If thats the case, the bounce is going to paint a head, and there already is left shoulder. So As it bounces people underwater will sell and stop short the bounce, which will create the right shoulder. Then the...
Its going to be 420 soon and Donald Trump will also be meeting "Kim Jong-Un". Dennis Rodman wore a PotCoin t-shirt when he went to North Korea. None of this makes sense, but PotCoin may pump. Careful with your entry tho, altcoin & crypto season seems to be slowing down and you dont want to get trapped.
6h Falling wedge BTCUSD + Possible bullish divergance.
Notice volume isnt out of control yet. Notice after the $266 rally in 2013 the price went into a trough but when it came back up and broke the "neckline" it went fucking crazy moon. Sorry im really tired i cant really express myself. Have a nice day.
My apologies for the bad title but i just wanted to share this idea quickly :) The chart is pretty self explanatory. bearflag on the daily, one last push to $10k, paint the right shoulder, break down, and complete the bearflag. RIP bitcoin :)
This idea is based on the green doji last month. If this month will also close green (Has to close over ~$10,350) then we can consider BTC consolidating for a bullish move later this year. So i will be keeping an eye on this and updating as we go along. The important thing is that BTC does NOT push lower than $8,600. It has already pushed it lower than i would...
I am of the opnion we will see a medium-ish pre-halving rally, then a coast through through the halvening until Q4 2016 when the real bubble will kick of. This is in part due to to effects of the supply halving started to being felt, to adoption among merchants and established payment processors happening due to the media exposure that happened from the pre-halving rally.
Seriously if you have some high risk capital available just buy XIV. Right now.
Just made a chart to keep track of this for science :)
First chart is from 2015 when the bullrun started, second chart is from today. Not saying things are going to be repeat but it will be interesting to follow the chart over the next few weeks.
Hi Tradingview, As you can see the moving average has been support since 2015.. But this week it seems to be resistance. Obviously dont mean anything but its interesting to note. Better safe than sorry, dont hold your longs for long.