This is not a common occurrence, has to confirm, anyway if you are here, watch it carefully and happy EOY.
The extra bear case, taking -90% from highest high as reference. The fibs match quite well. Not much support under 3.3k. This is to take in mind. Good luck!
The future prediction are probably wrong about scale.
Can't tell exactly what has been done or not, neither by who. Bitmex was largely off during the drop. It was also during most of the summer peaks. We must keep this well in mind.
We are the 02 of September, in a week end. Where prices often jumps in the side of the downtrend. This is the firsts days of a month, this alone explain higher prices. The last peak at 7.2K was the 7th peak. Not a Fibonacci number. This means, following Elliott principles, that the uptrend isn't finished. It will continue to the 11th peak to complete a probable ...
Now calibrating a new script. This is an hybrid RSI/EWO, using standard deviations for correction. Calibration can be done from input panel. Support alerts!
Pine scripts and drawing, this week. imgur.com Aside linked BTC analysis projects: (Gif albums) imgur.com imgur.com
Easily trace your very own Voynich manuscript with the BTC method. More seriously, adding zodiac signs icons for drawing would be a great idea.
A nice ABC pattern with an interesting proportion had been drawn. Today is a full moon (UTC time.13:56) . If I get it well ;) it's for everyone in the next 24 hours. This particular one, at end of august is known to be reference for comparison overtime. (Northern) She has a very different meaning and naming in different cultures. Often, she is a reference...
Summertime volume on northern hemisphere. 2018 moon recap. Volume level now on same level as of 28 of June. Full moon in two days. Massive red candles, showing market manipulated down.
We just saw two empty candles on the hourly chart, meaning a huge battle under the hood. Check out when in the past this type of candle appear consecutively. Often there before a huge move.
It sticks on the upper harmonics. It has drop on the middles when all altcoins dropped on the first days of august. This show for me a good healthness, against the real world.
Taking in account the summer trend, BTC is on the lowers harmonics. Harmonics _ranges new version v74, now fully scalar.
DXY reached a peak and reversed. (Green square). This chart compare DXY and BTC over one year. Its it an excellent flag? The volume since the 22 of august is also abnormally high, meaning possible migration to BTC. This is the very optimistic diamond.