The current price actions of Bitcoin look similar to the bullish fractal in July 2017, suggesting that Bitcoin may reclaim the 50 EMA, hold above it for a few weeks, and continue to rise. Let's see if Bitcoin can close above the 50 EMA next week.
This is another top signal for Bitcoin that occurred in January 2018, similar to the bearish pattern found in July 2019 below. The bounce over the last few days could be just a three-wave ABC retracement pattern back to the Fibonacci 0.7 level. This fractal suggests that Bitcoin will start going down from here until the halving. If it cannot surpass 73K USD in...
Bitcoin is likely to go sideways from here until the halving, then continue its parabolic bull run.
I feel the bounce of Bitcoin over the last few days has been too fast, although its volatility remains high, with around a 6% daily fluctuation. The fractal from November 2021 suggests a bearish scenario for Bitcoin going forward until the halving. The bounce seems to be just an ABC retrace wave pattern, suggesting another leg down. If Bitcoin closes red...
The Bitcoin weekly chart shows price action similar to the Gold monthly chart. This fractal suggests Bitcoin may undergo a long correction until the end of 2024. It may drop to USD 50K, bounce, and retest the all-time high again. If this happens, the crypto market will not be good this year. However, it may be good for long-term investors to re-accumulate.
I found another bearish fractal for Bitcoin that occurred in July 2019, suggesting it may start another leg down from here until the halving. I feel the bounce of Bitcoin over the last few days has been too fast, although its volatility remains high, with around a 6% daily fluctuation. The difference with the similar bearish fractal found in November 2021 below...
Bitcoin dominance continues to rise. With 99% of altcoins unable to reach their previous all-time highs, many are likely to bleed out and eventually become worthless. The current price action is very similar to May 2019, during which BTC.D held above the 30 Week MA and broke out of the resistance line after consolidating for a few months. BTC.D could potentially...
🔍 Exploring the potential of ETH: Can it replicate the impressive performance witnessed in July 2020? Back then, Ethereum witnessed a significant surge, capturing the attention of traders and investors alike. Now, we delve into the analysis, examining market dynamics, fundamental factors, and technical indicators to gauge if ETH is poised for a similar rally. Stay...
Interesting observation! The chart for AMEX:ARKK seems to exhibit a pattern similar to the bubble and burst pattern seen in $CSCO. If history repeats itself, we might anticipate a potential bottom around the end of this year. Keep a close eye on the trends! #StockMarket #Investing
Bitcoin is in the Disbelief Phase. Sideway Consolidation in May will give people Hope. BTFD before Optimism comes back. "History does not repeat itself, but it Rhymes." - Mark Twain
Weekly long-term trade. Scale-in at any dips.
Will tech companies will pull the market down to the black hole like 2000 this time?
Both market structures in 2013 and 2017 suggest this bull run may bring Bitcoin to $164,000. "History does not repeat itself, but it Rhymes" - Mark Twain