BitcoinCensus

BitcoinCensus

Price will follow this trend line. $BTC will generally not dip below this line or near it. The calls for $16K are wrong. This line is a local trend but is based on a much longer trend I have been monitoring.

BitcoinCensus

Looks to me like $ETH will break above $3K and stay there. It is currently undervalued (according to my bull cycle macro trends). I don't expect May to have agressive ETH growth as people shift their interests to alts, however 10% growth from here is pretty reasonable. Once the price gets above $3400 as my warning zone but specifically - I expect growth to slow...

BitcoinCensus

Look for a high volume trend reversal to break the current downward trend by $38K. Sundays are not high volume days so the trend reversal is unlikely today. I mostly expected it to bounce here right around the $43,300 to $43,800. See the prior dipping trend reversal from December for a closer look at the volume-trend reversal relationship.

BitcoinCensus

Pretty simple chart. Just some basic pattern recognition that has been pretty accurate for a while so I figured I would share it. $ETH Eth is more than a crypto or a coin or a token. Eth is a foundation technology that has launched more crypto trends than anything except of course Bitcoin. Eth is here to stay.

BitcoinCensus

I have seen this pattern before. Bitcoin will do a fake out down or sideways and then curve upward. All of the interest in $BTC remains very strong. Buy the dips.

BitcoinCensus

$BTC is heading for the corner of a long-term trend (top of the orange triangle) and a medium-term trend (bottom of the orange triangle). That to me says Bitcaoin will likey move dramatically up or down by 6/18/20. The remaining question is: does is shift up or down? Please comment if you have a view on that. I've been watching this long-term trend for years and...

BitcoinCensus Updated 

This might be one of the best charts I've ever produced, but I don't have time to explain it all. It's an update to my prior chart with some edits. One of the edits is because I didn't adjust the regression in the correct direction, but now I have (I hope). Second, the Stoch pattern now reminds me of 7/2 to 7/5 which turned out very well for longing $BTC....

BitcoinCensus

This chart is my latest attempt to combine TA and indicators in a way that can account for some of the extreme volatility and directional changes of Bitcoin. The horizontal channels are simply where Bitcoin has spent most of it's time (the blue areas). The white space is where Bitcoin pivots or rushes through. The upward channels were created using linear...

BitcoinCensus Updated 

The 34 Day EMA on the 1 Day Chart has been a long standing support line. In addition, at the moment, after a couple of day of strong bullish moves there is a bit of a pull back that just occurred. But we may have entered the corner of a bull flag. Is this a buying opportunity? I think it's a risky time to enter the market but it is always fun to catch a...

BitcoinCensus Updated 

I foresee a short bounce here from the $9300 to $9400 range up to as much as $10,400 but overall we look likely to fall to the low $8,000 range before we can continue on the march to $16,000. I like to read what others are posting and I have seen several analyses that suggest $8400 is a bottom target. I am being conservative by saying $8,000, especially because...

BitcoinCensus

Bitcoin moves fast and I am now seeing evidence it reached a near-term bottom and is becoming likely to bounce. The 34 Day EMA on the 1 Day chart has served as a reliable indicator of a bottom. Since the bull market returned, $BTC barley crosses the 34 Day EMA and never for very long before a bounce. In addition, a long held belief in Bitcoin is an RSI at or...

BitcoinCensus

We have seen $BTC touch the top of the triangle pictured and the bottom. It has touched the top wall twice and bottom wall twice. I believe the third time it will break through. Will it break the top wall or the bottom wall? At the moment, I would place more odds that it breaks the bottom wall but I don't think we are close enough to know for sure. Rather, watch...

BitcoinCensus

There is reason to believe we bounce from here, but it seems more likely that $BTC continues falling from here. I have attempted to chart the next few moves but this is highly experimental.

BitcoinCensus Updated 

Bitcoin remains surprisingly bullish. Even after recovering from below $11K just a few days ago it is holding strong near $12K. Continuing my analysis from Jul 5th, on this chart are a few places $BTC is likely to head based on prior patterns. I have not charted a bearish scenario because currently signs are pointing up. If the price on Coinbase closes above...

BitcoinCensus

Short term trend here. This is weak evidence but I see reason to believe an incoming short dip in $BTC is likely. See the chart for more info. A lot of analyst are calling for continued price rising, so I'm probably wrong but $BTC has been doing a lot of declines since it's 2019 ATH and it may not be ready to resume the growth trend just yet. $11,500 is an...

BitcoinCensus

$BTC looks like it is heading lower and then it likely to bounce. I am working on building my ability to anticipate where and when $BTC price will be, not just direction and trigger points. This is highly experimental but I have plotted what I think is where it will go if it does not bounce. To me the odds appear to favor lower followed by a bounce (green arrow...

BitcoinCensus

I've been watching the $BTC price all day as it entered a triangle. It stayed pretty close to that triangle and now it's decision time. Overall the triangle forms a bear flag (bearish), however the most recent pattern is a mini-bull flag (bullish) so that coupled with indicators, I'm calling this more likely to rise than fall within the next couple of hours. Time...

BitcoinCensus Updated 

Most of the time when Bitcoin hits the descending trend line it is heading for now, it falls. We observed a positive break out earlier today but the question is, will the recent trend repeat and we see another upward break out, or will the longer term trend repeat and the price will slide? Watch for the indicators to provide more direction as we get closer to...