EndaKeane

EndaKeane Updated 

This chart is for my records and should not be considered financial advice by any readers. The prediction is solely based on Fibonacci (% values) plotted over the 2016- 2020 cycle. For each period Hi to Lo the return to 0.23 is common. Coming to the 2020 halving cycle close , I am predicting in or about €6,620 ish as a lo mean value post halving for the 2016/20...

EndaKeane Updated 

In terms of chart patterns, this to me looks like a Head and shoulder formation. That being the case, we are coming close to a critical point in time. If the pattern fills out at the neck line and goes North everyone is happy. If it goes south there will be a cohort who will be extremely excited at buying BTC at a fantastically low $6500 in the coming...

EndaKeane Updated 

BTC hourly has shown a Bull Flag signal and is currently breaking out of its ascending triangle. Short term price remains strong to the upside. I have two targets (1 & 2) showing the measured moves to the upside. So hopefully this week will be a good week for BTC Not financial advice, its my reading of the chart pattern playing out

EndaKeane

A brief update to a previous chart published of my projection of Bitcoin price , based on the use of tradingview indicators and historical data provided. COINBASE:BTCUSD

EndaKeane

In this projection I am using log scale settings , with the Fib scale highlighted. This is not financial advice, it is a plot of what has happened in the past , with a projection of what could be, using the laws of deminishing returns.

EndaKeane

I have been tracking this for the past three days , I wonder will it play out over the coming days , a potential retracement back to 0.78 of the all time Fib. Only time will tell.

EndaKeane

Having examined the 2012-16 and 2016-2020 cycles, I am hypothesizing that the chart pattern will follow a broadly similar trajectory. If it does, yahoo for all bitcoin early adopters. I looked at the cycle repeats for the All time High (ATH) & All Time Low(ATL) Both peak to peak or trough to trough are approximately 48 bars in length (monthly candle is the...

EndaKeane

If the pattern holds firm , we could be looking at a frice of €8k ish sometime by the middle of Sept, with a potential retracement back to a low in and around 4K , that is on the basis of BTC doing the unpredictable by shooting to the moon pefore that

EndaKeane

Looking at the current chart trend using Elliot wave theory I can see the formation of wave 0 to 1 and 2 to 2. Based on the this chart observation, here is my projection for the completion of the 5 wave pattern followed by ABC. This is based on an ideal situation and the candle stick approximately follow the charted wave pattern. Note Elliot waves can break down...

EndaKeane Updated 

An observation made today. The RHS of H&S 2 is remarkably showing signs of similar structure albeit in proportion to the previous H&S 1 as indicated in this chart. From the H&S 1 pattern , the 25th OCT 2019 pattern had a strong reversal over 2 days (knee jerk reaction to the candle pattern falling below its support line as shown in section 1 of this view in the...

EndaKeane

Based on the current pattern , the 10th March is a key date for Bitcoin. After a reasonable length of time the current head and shoulder pattern is almost near completion. For me the 10th March is showing as a key date , for this date the candle direction is of interest. Will it continue its downward direction and fizzle out under €6000 (indicated by 7 downside)...

EndaKeane Updated 

Bitcoin is in a small H&S formation. The RHS has completed with the LHS in the process of playing out , in my oponion. If this is the case , the next support , resistence and support should mirror the RHS of the H&S ( give or take a couple of hundred) With the end of the quarter happening 28th of Feb, we have seen traders taking their quarterly profits. Buy in at...

EndaKeane Updated 

As is shown in the pattern , there is a LHS of a Head and Shoulders (H&S) pattern formed, Only time will tell if the RHS completes, or will we break out to the upside before the completion of the H&S pattern. If that happens can we then confirm that we are in wave 3 of the Elliot wave pattern ? What do you think ?

EndaKeane Updated 

This 4hr chart clearly shows why being preemptive can cost opportunity for profit. The correct decision in this case was to wait for the divergence to form on the dotted line Had the green (D+) bounced positive and the (D-) bounced negative the price would have been positive. What actually happened was 1. that the D+ crossed the dotted line (Bounce Line) and...

EndaKeane

Bitcoin BLX is showing a daily short term reversal , indicating a possible 2 to 5% swing to the upside. Key an eye on the D+ leading the D- on the ADx chart and the Green line of the Moving Average leading the Red and Yellow line on the price chart

EndaKeane

BLX chart with the ADX chart indicates we have not seen the bottom yet for BTC. Next signal for a BUY opportunity comes when the D+ (Green line ) and ADX (Yellow Line ) both cross the D-( Red line) at some time in the future

EndaKeane

Technical analtsis of MA and BB with ADX movement

EndaKeane Updated 

Looking at Price action using MA and BBands