Audere_Capitis

Audere_Capitis Updated 

Whenever the Bitcoin price moves upward or downwards, it tends to retrace before continuing the trend . Fibonacci ratios and analysis are great indicators for finding support/resistance levels that can reject/support the price. There are noticeable similarities if the Fibonacci retracement indicator is applied to the previous two Bitcoin cycles ( ref....

Audere_Capitis Updated 

Rising Wedge Continuation Pattern The rising wedge pattern just broke down on the BTC.D chart. Typical for that set is to appear when the price consolidates, and if confirmed, it’s predominantly a continuation pattern of the long term trend. Trade opening should be upon once the support (blue) is broken and retested as resistance . Target a.k.a. Take...

Audere_Capitis Updated 

Falling Wedge Continuation Pattern There is an easy to distinguish descending wedge pattern on the ADABTC chart that has been forming for over a month. Typical for that set is to appear when the price consolidates, and if confirmed, it’s predominantly a continuation pattern of the long term trend. Trade opening should be upon once the resistance(blue) and...

Audere_Capitis Updated 

Despite more often than not symmetrical triangles to break in the direction following the larger trend, if you have been following BTC, you should be well aware that bitcoin doesn't comply with traditional trading. In that spirit of thoughts, ignoring all the FOMO and greed, I would entertain the idea of a triangle breakdown. In fact, I have noticed that happening...

Audere_Capitis

After gaining approximately 190% for the last 3 months and 55% just for December without any meaningful retracement, Bitcoin seems it's overdue for a correction. Furthermore, the gains for this month are approximately equal to the gains from December 2016 lows to January 2017 highs. Also, bitcoin it's about to hit the upper borer of the broadening wedge that has...