thedude182

thedude182

Too easy to be true. Gotta respect that this simple pattern lasted so long. Just for fun.

thedude182

Large HVF max target still in play. Smaller funnel still waiting for convincing breakout candle. Disclaimer: Targets legit as long as bear market continues. So unless we bottomed out already, targets are in play.

thedude182

Behold, another red ring of death is upon us. For most it's the bringer of pain and destruction. For few, a guiding angel to incredible buy spots, bringing wealth beyond thy beliefs.

thedude182

This scenario is inspired by previous encounters with the 'red ring of death'. Combined with the fact that historically BTC made double bottoms (2nd bottom always a bit higher than the 1st one). RSI wise it wouldn't surprise me neither as these setups are made quite often. It's not improbable.

thedude182

This is one of the more likely scenario's i observe. If you look left, the blue circle did the same thing multiple times before. It's mildly bearish for the summer, but in this scenario we would recover at end of the year. Making this a quite bullish picture for higher timeframe traders and investors.

thedude182

Using: fibchannel tool (the coloury thing) long term support/resistance trendlines (yellow) Bitcoin logaritmic regression bands, for better estimating final cycle top that should top the same resistance trendline the subcycle top topped on.

thedude182

Rules: AC between 0.382 - 0.886 XD between 1.27 - 1.618 Target: Between level of (B) (also around same level as the 0.786 retracement) and the neckline (12k). Disclaimer: I had to move point C a bit to the upside to get AC within 0.886. Those were 2 extreme wicks. Had i used the body's instead of the wicks in the first place, all was within rules of harmonic...

thedude182

As you can see it's always December. Hypothesis: Structurally we could be bullish even if we touch the 9.5k one of this years last months. So yes, the CME Gap (whether it exists or not) can be filled without big structural problems. Also matches fib retracement: From a weekly perspective this is also possible; As long as we stay above the 21EMA we're in...

thedude182

BTC Weekly chart. Down Using the logarithmic regression band, it seems logical to place the downside of the triangle at the 0-log line. This seems to indicate that the lowest we should expect BTC to go coming weeks (march, april) is usd 7.5k. The 0.382 fiblevel is at this same height and suggests decent resistance at 7.8k. Up I don't expect a cup and handle...

thedude182

Just for future referencing. One of many scenario's.

thedude182

For my own future reference. Just like previous cycle we have 2 points (red arrow) to test the 200WMA. Just like ... we enter fase 3 bullrun on 1FIB. Just ike ... we top bullrun at 1.6181 FIB. Not being original. Thanking youtubers Opticalart and CryptoCrewUniversity for inspiring me.

thedude182

3D chart with 50 and 200 showing you the 3-day death and golden crosses. Needless to say, waiting for the deathcross to play out. This scenario would be just a correction based on simularities in RSI , trendlines , price pattern, and most important the MA's. So not meant as an abc correction. Because that's a whole different scenario that could mean BTC needs to...

thedude182

BTCDominance (%) chart shows double tops in every cycle, bear or bull. Look at 10 dec. 2018. The second top exactly matches the btc bottom. Somewhere sooner than we thought, a mini capitulation could take us all by surprise. One to keep an eye on. Double top pattern is strong in the dominance chart. ps. if double top is in play then there is a small chance it...

thedude182 Updated 

The golden 111MA has been a frequently tested supportline in every BTC bullmarket up to date. Look for yourself. (Shared chart url below). When looking left, chances are big it will play its role again in this bullmarket. FYI The 150 and 600MA represent the 50/200 MA on the 3 day chart. So you can see the Golden Cross and future deathcross. You can disable them...

thedude182

I hope $2911 as we still have a proper downward channel that will cross multiyear support line. But if we look at previous capitulation point (jan15) ,we see it touching touching the old ATH level. So cannot dismiss these. Which point sounds most legit to you, and why?