Accumulation period as 2015 we make a double bottom or lower low with liquidity grab at 16.5-17.5K and have range at 19-21K which gets over pretty quickly (fractal in pink) Accumulation period as 2018 we make ~84% down moment at 12-14K and have range at 14-16K which gets over pretty quickly (fractal in Blue) My stomach says it will be 2015.
This Bitcoin chart right here is a monthly timeframe chart. We all have been expecting this bear market to be over but it keeps deceiving us. Here is a clue on what to expect in the coming month. Based on 2017 bear cycle that lasted for 27 months (821 days) as displayed on the chart, we see the current 2021 bear market following the same trend. We have four...
Considering that extraterrestrial beings also use Bitcoin for their financial transactions, we should not be left behind... Bitcoin will definitely have a temporary drop and then a significant rise. We are waiting for shopping areas for spots. Two areas are considered. In the lower area, we reduce the average purchase price. The minimum profit of this...
- Despite the silvergate mini Fud, BTC still on his consolidation trend. - this Fud just caused a faster mini retracement but it would have happened anyway. - Next Fud could concern Stables Coins, They are trying hard, no smoke, no fire. - Whatever, at one point BTC will go his natural way....
Wave B or maybe 2 Complete Reversal and Soon Dump Target ~$20k
Today, we're comparing the current price chart with the 2015 - 2017 cycle. The cycle of 2015 - 2017 is highlighted in green, juxtaposed with the current cycle. Just observe how the modern price dynamics are mirroring the prices of 2015 - 2017. Our correlation coefficient? A staggering 80% plus. 😮 Without any extra strain, the resemblance in price charts is...
Definitely, the price support of 29,500 Bitcoin is a fake support and will be broken soon. This one-hour bullish correction is only to collect the energy of the next bearish rally at this time. Let's not forget that Bitcoin is still bullish on the daily time frame and targets of $38,000 are available. Not financial advice
Above, you can see that Bitcoin is currently back to 2017 ATH levels when weighted against the S&P 500. In addition, Bitcoin has also sustained a breakdown below both long term trendlines against the index. I can't really be more generous than that. Even if stocks have already hit bottom, I think Bitcoin is unlikely to outperform again, at least for many years. If...
Here on the left, I've shown the BLX chart (Bitcoin index with the longest price history, plus its log curve) and the broken long term uptrend on the Litecoin chart on the right. Why Litecoin? Well, the 2017 bull market was characterized by astronomical gains for Bitcoin alternatives. At that time, it was about which functioned as the best currency. Litecoin and...
it seems bullish to us yet there are total of 3 Take profits if price doesn't break bellow 41000USD Support 3 TP is confirmed if the 2 TP triggers followed by some price correction and Retracements
Bitcoin has one clear level to break, which is the resistance of 30k to 32k. I'm observing that more people are starting to become bullish on Bitcoin, especially now that there is bullish news coming out, regarding the ETF of the biggest crypto today. I do believe that it is too early to celebrate. As we can see on the chart, Bitcoin has already tried to break...
BINANCE:BTCUSDT I really hope that in the near future we will see a rebound in order to take out all the shorts and only then go down. I am deeply convinced of the realism of this picture, I did not think that everything would come so early, I expected such sharp downward movements closer to autumn. Not an investment idea. All profitable trades. Follow me and...
BTC took SL at VAL - time to hit VAH watch a video
It's "this time" again. Bitcoin is dead. I am going to sell everything right now and wait for 10k or lower. Not a financial advice btw.
BTC follows the trend. Here are my 3 trading ideas Watch this update
Double bottom in the Shorts indicates no further downside.
As I've been talking about over the last several weeks, the market SEEMS overdue for some sort of relief rally. Although I believe crypto has begun a longer term downtrend and likely will not see all-time highs in the foreseeable future, it is not unreasonable to expect some hope to be injected into the market before further sustained downside. Of course, the...
After some time, Bitcoin has finally tested the $20k level. All the cryptos I held throughout the bull market are now below the levels where I first de-risked in January, 2021. This means that prices are now below every single one of my sell points. A move like this seemed likely to me, considering the breakdown of the 3-day 200 MA back in April. Prior to that, I...