BTC have further to fall, but to complete massive Bull Flag?First target = 9112 USD
Second target = 8500 USD
and if that fails, BTC will likely fall to 7230.
And if it finds supports and rebounds at any of these levels, I speculate that there is a chance this final "capitulation" to drop out the "weak-hands" effectively completes the massive bull flag formation, to wind up one final time to propel BTC to fresh new heights.
Need to closely monitor the RSI, Ichimoku cloud, as well as momentum/acceleration oscillators and MA signals (e.g. using the FUSIONGAPS and MAJESTIC-X oscillators) to see how things play out.
See also:
Acceleration
LIVIDITIUM {LVDT} Lite {Dynamic Fib Levels}LVDT lines change to "Area with Gaps" and color adjusted accordingly to define zones.
Observe how well the price action interacts with the different levels.
The rest is self explanatory.
The main levels are defined by the thicker lines.
The "finestructures" are defined by thinner lines.
To ideally be used in conjunction with the MAJESTIC oscillators, which shows the Momentum , Acceleration , and Jerk (i.e. the Acceleration rate of change) of the LVDT lines.
Future Update: Implement text labeling of the individual line levels.
LITECOIN getting LITE-er.Next support @ 0.0075 BTC? 0.0070 BTC? or 0.0069 BTC?
FUSIONGAPS reversal signal triggered on BTC.D low-timeframe chart.
However, looking at the FUSIONGAPS and MAJESTIC oscillators, BTC.D is likely to continue higher.. perhaps up to my previously predicted 71% value before before a minor turn-around (minor "selected-alts" season) can happen.
BTC: TA and speculative price movement in August 2019.All Momentum (Blue), Acceleration (Lime), and Jerk (Red) are all positive in the MAJESTIC (MAJ) oscillator. However, it looks like it will be making a turn-around in the short turn, to retrace the gains made, and retest the 10k level, before completing a final "W" pattern and then breaking out upwards from the descending channel, marking the end-point of the first massive flag into another.
Bearish Bitcoin Dominance Chart: Minor Altcoin Season Incoming?Bullish: 50/15HiRev signal triggered in the AEONDRIFT Band script, with dominance dropped from the "overbought" level 3 band into the level 2 band about 35 hrs ago.
Need to wait till the:
blue MAJ momentum oscillator to enter into negative, or shows a clearer descending profile to prove conviction.
thick (currently red) FG oscillator to show a clearer descending profile + the green DFG line (momentum) to cross into negative as well.
for confirmation.
AEONDRIFT
LIVIDITIUM
FUSIONGAPS
MAJESTIC