B4Baggio

B4Baggio Updated 

Will this bullrun be formed out of a cup with handle breakout? If the price confirms the resistance at the current region, it could very well be the case. Cup and Handle identification analysis: • Price rises into the start of the cup - ✔ • The cup should be U-shaped, not V-shaped - ✔ • Cup rims should be near the same price level but be flexible - ✔ • A...

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Apparently, the Fibonacci extension level 1.618 from a Bitcoin bull run precisely predicts the top for the second upcoming bull run ahead of its reference. It's astonishing how perfectly it has worked out so far. ✅ 2010/11 bull run predicted the 2016/17 bull run top at its 1.618 Fibonacci's extension ✅ 2012/13 bull run predicted the 2020/21 bull run top at its...

B4Baggio Updated 

The SPX has reached the critical 1.618 Fibonacci level (using last retraction as reference) at the same time this could be interpreted as a retest of the broken bearish channel, which has been built up since the end of last year. This looks like an alert for what may come next if the Stock market decides to head downwards and revisit some old levels. ⚠ Plus, the...

B4Baggio Updated 

Here I present a curious and scary correlation between Bitcoin ( gray line ) and Ethereum ( orange line ) tops indicating a possible extended bearish scenario ahead. One chart on the left shows Bitcoin's 2017 top, followed by Ethereum's top ocurring 28 days latter. Last bear market has started after that. The chart on the right has the current prices of...

B4Baggio Updated 

Hello everyone! I'd like to bring this insight to the community: ETH/BTC chart seems to be respecting a curious symmetrical price action since November 2019. And if this continues to be respected, there will be some agressive moves ahead! So far so good! This symmetrical relation has been quite accurate for 5 times, from points 'A' to 'E' on the chart. Highs...

B4Baggio Updated 

Hello everyone! In this analysis, I present the Wyckoff's theory regarding the distribution phase, some other indicators reinforcing it and why I believe Bitcoin is losing power right now. It looks like Bitcoin is perfectly following every single step of it and any trader should be cautious about it. * If you are not familiar with Wyckoff's theory, you can take...

B4Baggio Updated 

If your answer is YES , than you are BEARISH about Bitcoin! >> That's the inverted Bitcoin chart. :) -- 😅😅 Haha, just a joke to exercise looking at the chart from different angles. I thinks it's a powerful tool during euphoria times.

B4Baggio Updated 

This beautiful Elliott Wave on the daily chart is indicating Bitcoin is about to find a temporary top around 70k. As the theory proposes, we should expect a more severe correction after that wave is completed. Be aware of bull traps once we hit that level. It's interesting to point how every subwave is clearly noticed on the chart. Loved that!

B4Baggio Updated 

Here I present my POV on Bitcoin's mid-tem action with a confluence of bearish signals seen on the daily chart. Even though Bitcoin is showing an impressive bullish strenght, it is also leaving some negative traces behind. Let's take a look at the potential worrying aspects: Rising wedge formation (magenta dashed lines): this pattern has a 60% probability of...

B4Baggio Updated 

Possible Cup and handle formation on Bitcoin's chart. We need the price to go back up to the neckline and hope for a breakout. If that happens, I'll update this ideia with the expected target. Breaking below the critical Fibonacci levels shown on the chart would hurt this analysis. Cheers.

B4Baggio

Take a moment to appreciate this beauty ... The upper chart is 2021's current situation, the lower one is 2017's bullrun. Pay attention to the brushed drawings on the chart and the respective Fibonacci levels. Pretty much EXACTLY the same !! >> This suggests we're topping out in short-term at ~63k and going painfully down to the 42k area once again, before...

B4Baggio Updated 

This Elliott Wave is playing out beautifully so far. I believe all the rules are met. >> This is an idea to discuss and think about it. Personally, even though it is possible, I'm not sure we'll go down that much in the middle of this bullrun. Previous corrections were not like this. However, it's always healthy to be aware of any possibility and be sure to never...

B4Baggio Updated 

I've recently published an idea regarding a bearish scenario for Bitcoin, very similar to this one. Turns out it didn't work as expected. However, the analysis is still valid, but need some adjustments. These adjustments are shown on this new idea. CRITICAL TIME FOR BITCOIN: Bitcoin might be drawing an Elliott ABC corrective wave. Wave A is already complete and...

B4Baggio Updated 

This correction wave has worked out perfectly so far. Fibonacci levels are on point and all sub-waves are found on the chart. As long as Bitcoin does not break above 51,700, this scenario could lead us to the EMA 21 on the weekly chart; this is something Bitcoin has previously done, so I believe there's actually a high chance for that to happen. Then I must...

B4Baggio Updated 

Guys, I am comparing 2017's bullrun with the current situation using the log growth curves and I've found something interesting: In 2017, the price corrected just after hitting the center log line. The price then went back to the lower log line and then up directly do the upper one, considering the center line as refference. NOW, we have just hit the center line...

B4Baggio Updated 

This is the ultimate most important resistance for the next BTC bull run. That's it. It's hard to say when it's going to break out, but whenever it does - and if it does strongly enough to support it - it's finally to the MOON. Not before that. If you want to play it safe, don't ignore this chart. Go all-in only after this break out is clear. Don't lose the...

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I have recently published an idea showing the big resistance and support lines which guide bitcoin since the enormous bull rage in 2017. Now, I go a little more specific in the probable next moves regarding those same lines. There's an interesting trend noticed whenever bitcoin hits the major red resistance lines. As previously seen in 2019, bitcoin makes...