jackfru1t

jackfru1t

The current bitcoin monthly candle (or next month's) could end up like Nov 2013. Traders need to be careful because if that were the case, the bull market would come to a close soon after and be followed by either a short (less than 1 year) bear market, or a long multi-year bear market. However, the bitcoin price can easily accelerate much higher than it currently...

jackfru1t

A chart tracking the correlation between 1/btccny and cnyusd. The theory is that since mid 2015, the devaluation of the yuan has been fueling the bitcoin bullmarket that emerged that year.

jackfru1t

In this idea, btcusd moves back up to retest ~$780 before forming an ascending triangle as it consolidates above $680 for much of August.

jackfru1t

We're looking at the early stages of a bitcoin bull run. People have noticed that in the last two big bitcoin rallies (April 2013 and Nov 2013) the ltcbtc pair rallied alongside btc, meaning that litecoin yielded a higher return than bitcoin during those rallies. This chart shows that the ltcbtc pair didn't rally until a few weeks after the bitcoin rally began,...

jackfru1t

Continuation symmetric triangle on Okcoin 4 hour LTCCNY. Bullish direction expected to follow btc bull market. A break of 35 CNY (the high from early November 2015) would lead to a significant rally imo.