This analysis is based on the short term price movements of Bitcoin since the 13700 rejection and aims to indicate the pressure points that support and those that reject the price action.
4H is a Channel Down with very symmetrical Lower Lows, Lower Highs (27 and 25 bars respectively). The price has been so far rejected twice on the 0.618 Fibonacci retracement...
Bitcoin pulled back almost by 25% just after breaking the 13500 benchmark making recently opened longs panic. According to the price action since the last Lower Low of 2019 (February 05th), this is a typical correction within the mini parabolic move.
Since the start of the pattern, BTC has seen relative pull backs after every peak, then consolidation which was...
Bitcoin reached yet another benchmark ($13000) which seemed impossible at the beginning of the year and bullish investors say "we want more"!
At least this is what I said and got greedy (Target 10400 and 12300) when the price was even below 9000, but on a clear accumulation phase according to the pattern below:
Even the infamous BTC/ GOLD comparison gave a...
Traders and investors are looking for the highest possible rate of return when trading Bitcoin, especially after a better than expected start in 2019 to the new bull market.
I tried to estimate the expected Rate of Return on the current bull cycle based on BTC's historical logarithmic curve.
It is easy to realize at first glance that every cycle (market bottom...
This is a 1D analysis on the short term price action of Bitcoin as it prepares to test the 10000 psychological level.
As we see it is trading on the neat Channel Up since April with buy signals on its Higher Lows and exits on the Higher Highs. Every time it makes a Higher High it consolidates inside an Ascending Triangle that ultimately leads to the next bullish...
The Bitcoin - Gold road-map (the Golden standard as many call it) holds firm! Their parallel course continues but traders continue to turn their back on it. Why ignore the BTC-Gold comparison when it has been 100% accurate so far?
First it predicted the market bottom and the subsequent early buy signal based on it when the price was still at $3500.
Then once...
Well it is true. Both targets are possible even on a short time frame based on my latest analysis.
Yesterday we had a very favorable development on the short term price action. Bitcoin broke the 8200 4H Resistance and is now testing the 9000 level. This is the Resistance on 1D which if broken opens the way to 10400 initially. The second bullish development was...
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...
Before claiming that it is pointless comparing Bitcoin to Gold take look at the charts below:
On the first chart, the $9000 mark has been hit purely based on a signal given by the similarities of Bitcoin's price action after its bottom to Gold's respective pattern and the buy signal it gave after the +33.50% bounce. See how smoothly Bitcoin's price action...
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...
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...
Bitcoin broke through the final MA barrier (1W MA100) and even crossed over the Historical Parabolic Accumulation Curve. This is a very significant development as it this curve has been used historically as a strong buy zone during the distribution phase before every logarithmic bull run. Doesn't this mean that the new bull market will be even more aggressive...
Well the title says everything so I might as well make this analysis a short one.
BTCUSD is rising aggressively having almost filled the Gap from November 2018, when the final big drop took place. It is now about to test the MA100 (black) on the weekly chart, which is essentially the final bearish barrier before it starts rising and never look back.
If the MA100...
