Bitcoin is now next to making the 0.382 Fibonacci retracement test (ATH to 3150 bear cycle Low) and one thing has shocked the crypto world more than anything. The considerably shorter time it has taken BTC to do so compared to the previous two cycles. Few expected such a strong and continuous rebound since the 3150 bottom. Is this right? Since most researchers...
This strong pull back the moment Bitcoin broke the 9000 barrier has many worried. But should we be? In this analysis I point out which levels we need to watch, and if they hold, are able to sustain the aggressive uptrend that started in early February. First we see that in the course of this Parabolic Rise, every time BTC pulled back from a peak, the Support line...
I have attempted to break down the current 4 month parabola into a strong sequence of patterns and what stands out is the Ascending Triangle. Before each aggressive bullish candle sequence within the Parabola, BTC consolidated roughly within an Ascending Triangle formation. When that Triangle broke upwards, an aggressive new Top was made. Assuming that each...
This is a quick reflection on Bitcoin's Fibonacci Channel's within its long term parabolic growth curve. In the two previous cycles, the price touched the -0.382 Fibonacci retracement level before it rebounded. This marked the end of that market's bear cycle and that bottom gave way to the new bull cycle. This time it hasn't done that (price touching the -0.382...
I don't want to go into much detail on this one. This is just the current volatile price action explained by the assumption that Bitcoin is trading on a symmetrical pattern. The July 2018 - December 2018 price action is close enough to be an inverse formation of the December 2018 - today formation. Their distance from High - Bottom is identical (144 as opposed to...
This is just a quick update on BTC's current stress zones. The outlook after Friday's sell off is a High Volatility zone within 6855 - 7455 where the price is currently consolidating. A high volume break above or below this zone will set the direction for the next 48 hours. Notice how the supply channel started on April 25th has provided support so far on more...
The markers were there regarding the importance of this first strong Resistance and gave hints on how to trade it: You were also informed of how parabolas tend to behave during bull cycles: So now that we have established that trading Bitcoin based on its historic price action isn't all that bad we can start drawing some more meaningful conclusions....
On this analysis I compare Bitcoin's two most recent cycles: the 2014 - 2016 and the current one 2018 - 2019. What stands out is that even though they both followed the same trend line (i.e. after the peak the bear market followed, a bottom was made on the parabolic curve and then the new bull cycle gradually started), they tend to diverge at some parts, only to...
Much is being discussed over Bitcoin's recent hyper aggressive rise. It is beyond any reasonable doubt that it is a strong confirmation that the new Bull Market has started. Backed by strong fundamentals, this time can be different , more aggressive and unpredictable . It is interesting however to keep in mind how such parabolic movements typically end up. For...
The title says everything. I don't want to get into much detail. Just want to point out the similarities and differences of the two time periods when Bitcoin broke the 1W MA100 after the market made a bottom. Note that it is not necessary to follow the exact same pattern as the fundamentals this time are very strong. Similarities: * The rise in 2015 stopped at...
Can Bitcoin and Nikkei, a cryptocurrency and a stock index have something in common? Well not really, fundamentally they are different the market dynamics quite diverse. But as with some previous comparisons of **Bitcoin with Gold** and **Litecoin with Silver** I want to point out how investor psychology can be quite similar over very different asset...
I could summarize my analysis on the following phrase: "Swing pull back, consolidation and almost $10000 by the end of 2019"! But I guess that wouldn't be enough as you, like me, want some justification, a technical foundation behind every price movement. And you are right! So on today's analysis I have used two indicators: the Gaussian Channel and the...
Due to the price difference on exchanges, a lot of the attention lately is being drawn away from what matters most. Is the worst over for BTC? Has the new bull cycle started? With this as motive, I thought it would be productive to accumulate the strongest long term bullish indicators on Bitcoin. And I have come up with a combination that has never failed on its...
The 1D Channel Up broke yesterday, slightly to the downside. Since the December bottom similar Channel Up pattern have been broke twice. Once it was a bearish break out the other was a sideways break out (which gave way to the April 2nd aggressive jump). The RSI was too high ( and I have pointed the importance of that on previous posts ) and since the 88.300 High...
Well we are here finally! After 140 days of frustration and demoralizing claims for $1000 $500 or even $0, Bitcoin is finally testing the 1W Resistance. The Resistance which before the November sell-off, has been sustaining Bitcoin as a Support above the 5800 level. How important that test is? Well it's vital. Two reasons: Firstly because it meets with the MA50...
Well you can't say you weren't aware that today's red candle was coming. All the signals were there and I tried to put them into context for you: Either with the 1D RSI - or - The 1D MA200 Today is no different and I have another indication showing why I am waiting to buy more lower ahead of the new bull cycle. On the 1W (weekly) chart, the RSI reached...
After my last BTC idea on a possible 30% pull back attracted extremely high interest, I decided to post yet another analysis showing why a pull back at this stage is much more likely than an extension of the uptrend. Based on a fractal comparison with the 2015 price action during the accumulation stage after that cycle's bottom, we see that the price crossed...
Don't tell me I didn't warn you on March 8th about this first break out! The fractal was there: However, those who missed this week's huge spike on Bitcoin shouldn't worry. Based on the 1D RSI another pull back should be coming soon . As seen on the chart since the price action crossed over the 200DMA (orange line) during the last bear market (that...