A lot of talk is being made recently regarding the Death Cross of Bitcoin on the 1D chart. Today's extreme spike appears to be ignoring this usually bearish formation and I thought it would be productive to see how the 1D Death Cross pattern has traded in the past, both in Bull and Bear Cycles. 2018 (Bear Cycle) I start with the obvious comparison with the...
Well you can't say today's flush wasn't expected. After all the signs have been pretty clear lately and I tried to put the into context with my latest studies (see the most important of those at the end of this analysis). I do not want to get into much detail as I rarely comment on short term price action. However there are a few points that stand out and wish to...
Following the latest analysis on Bitcoin's Symmetrical Cycles (2017/18 vs 2019) on the 1M chart (you can find it at the bottom of this study), I have decided to take the research one step further and attempt to time the bottom of the current correction. In doing so I have scaled down to the 1D chart using again the MA1000 and MA1400 periods as the long term Buy...
This is not based on any standard technical pattern. I am simply taking the buy approach here as DOGE is replicating the 2014-2016 cycle. In particular is has entered the final consolidation phase before forming a Golden Cross on 1D, which will be the signal for a test of the 0.0070 September 2018 High. The same pattern it followed in 2016. See the similarities...
My recent long term analyses on Bitcoin were focused on the $6000 region as a potential buy and more particularly the demand zone that certain Moving Averages (among other technical indicators) provided around this region. The first studies were centered on the 1D and 1W time frames (shown just below), this time I take it a step further on the wider 1M time...
The technical analysis is a simple method of market analysis, but when we talk about BTC (especially BTC), we must look beyond standart trendlines, indicators and other instruments ot technical analysis! What the TA show us? In the last months we have strong downtrend and by the TA rules, we have to looking for short positions! If we focus around these days...
Pattern: 1W Descending Triangle. Signal: Bullish as the price is bouncing on the Support. Target: 0.9500 and if 1.0000 breaks extension to 1.1500 possible.
Pattern: Channel Down on 4H. Signal: Bullish once the price rebounds near/ on the 1D MA50 on a similar sequence with June. Target: 4.5000.
This analysis is a complementary piece to a series of studies on combined indicators in an attempt to project where the bottom on the Bitcoin's current downtrend is. See the previous posts at the end of the analysis. *The 1W MA Buy Zone On today's study I start again with the MA Support Zone, this time on the 1W chart, which is illustrated by the MA150 and...
I am comparing the 2018 Alt Market Cap on 1W with the current (June 2019 - date) on 2D. There are some obvious similarities with the most significant of all the bullish divergence on the RSI. The MA50 is also on the same pattern while the candle action is nearly identical. Because of this I give high chances of repeating a similar bullish break-out soon. With...
Based on the RSI divergence and how the 1D MA50 and MA200 are trading, then yes it is possible that TRON is repeating the August - November 2018 sequence. The current Triangle is completed with one last dip towards 0.01000, which will be the opportunity for buyers to step in. Moderate Target: 0.023000.
MATICBTC has been fairly stable following the early August bottom and last week posted a strong rise that almost reached the June 30 High. The 1D MA50 was a Resistance then and it has turned into a Support now. This appears fairly symmetrical to me and the fact that it is now pulling back makes me believe that the pair is after its Fibonacci levels. Next targets"...
While this week's volatility has left may traders puzzled, as the rise at the start of the week is being corrected today with a pull back, there are a few longer term indicators that we may have been missing. *The MA1000 and MA1400 First of all I want to point out the significance of the MA1000 and MA1400 on the 1D chart. Those have formed a clear Support Zone...
The last idea discussed the implications of Bitcoin entering the Buy Zone of the Parabolic Channel and how this can turn into a potential Buy Signal near $6500 relative to the price action of the 2016 Bull Cycle. This time I want to focus on the more recent price action and what is more relevant than comparing the current bearish channel to the 2018 bear...
It is normal for Bitcoin traders to panic when the Digital Store of Value (as Bitcoin is often referred to) posts a significant decline. There will always be those to go as far as to call new bear cycles or even 0. Facts are facts and all of them still point out that Bitcoin remains at the start of a new Bull Cycle. What has this sell-off produced? Simple. It is...
With Ethereum approaching again the 1W MA50 on the dominance chart, I thought it would be a could time to look at its key indicators, RSI and MACD. Both show a Bullish Divergence despite trading on a Falling Wedge printing Lower Lows. Do you agree with this chart?
This is just a quick analysis of what this week's strong rejection can mean for BTC if indeed we are repeating the main fractal of the 2018 bear market. First of all I am not a fan of this formation as we are comparing two periods under largely different parameters. The first was a whole Bear Market span. The second is currently only the start of the new Bull...
The big (relatively to the multi week consolidation action) decline came, catching many traders off guard as the 3 month 9,100 Support broke with stunning ease yesterday. Even though we are not at 6000 yet as my last Bitcoin study presented as probability: an interesting pattern has emerged. The underlying medium term pattern on 1D is a Channel Down aiming...