BITCOIN - BULL MARKET CASEHi everyone
It's a bit too soon to be overly bullish on Bitcoin. We need to break the previous all-time-high in 2017 around $18.5K and that's when the retail interest will ramp-up very fast and we'll assist to a possible multi-years upside (please muh famili :p)
I flagged the investment strategy of this publication as neutral because I'm only talking here about a multi year long term investment and the purpose of this analysis is to show from which price we'll get a X2/X3/.. on Bitcoin with a fair probability
On the short-medium term, I stay persuaded that dollar cost averaging is by far the best solution for most of us, but in case you wondered when the BULL MARKET will start, I think we have a viable answer here.
History tends to repeats itself with crypto assets
I'm using logarithm bollinger bands applied on a logarithmic scaled chart for this analysis
Credit to fskrypt for this indicator
Enjoy
Dave
Bullmarket2019crypto
Rectangles not TrianglesI've seen both descending triangles and falling wedges as explanation for recent price action but to my mind neither are correct. You gotta negate the blow off top somewhat. Triangles account for it in their figure, but the bear flag channel doesn't, save for offering the dump support on that heart-line, which in the triangles has no structural support.
We are not in a falling wedge breakout now because the "breakout" is too mediocre for such a dramatic formation. Regardless, a wedge can always reform into a channel upon breakout, which kinda negates it's wedge potential.
Nor are we in a descending triangle as the fakeout dump on that is too extreme to then come back up and resume.
What we are more likely seeing is a bear flag channel which retrace to the 61.8% fib at the top and dump to the parallel boundary at the bottom.
Triangles are a compression of bears and bulls with one side being the clear winner. We don't have that here because this is not a real bull market. Bulls are not trying to buy here to hold long term. Only FOMO buyers are doing that because they missed the rally. Smart money is leaving the market and playing short term within the channel, because they got in at 4k. They know they can get in lower. Sure they got hedges to the upside and downside and can add leverage if need be, but they are gradually removing their positions to take profits. They can't take profits too fast as that would ruin their customer satisfaction, they need them to think there's still a chance, so they scale out slowly to get the highest price.
A descending channel is a more long term move than a triangle that ends suddenly and crushes the market. Bulls (or should I say bears?) spent 5 months building this market to current levels, they don't want to instantly drop it down with a descending triangle. They want and need profits.
Since we have had such a long term uptrend, a long term downtrend would seem more likely to balance back to the mean.
Furthermore we haven't yet gotten to retest that critical trendline since we hit it at around 8k. If we don't break down through it one can then expect another bull move up. If we do... then you may see true panic in the market and capitulation.
Finally 4 hr RSI still never hit oversold. That suggests bears are not trying too hard to break things. They are carefully restraining any violent moves. This is a fine hand of manipulation.
Short term? Bearish
Mid term? Neutral / bearish
Long term? Bullish
ENJ - Touch Support - This MOMENTUM! Buy NOW! BIG Falling WEDGEENJ / BTC is in a great Momentum. We have a very powerful standard highly BULLISH . A great FALLING WEDGE is ready to go. Worth the risk. Time to multiply our BTC!
Come on! Are you prepared for bigger BULLRUN of all?
Many ALTs are ready in accumulation to launch the biggest wave of all. Wave 3 is larger and more impulsive. I hope it's ready. 2020 we will be MAINSTREAM. Big money is coming here. Who lives will see.
Observing the DOMINANCE of the BTC , we have a possible DOUBLE TOP . We are very close to an "Alt SEASON"
This time whales multiply their BTCs . Welcome back to 2017.
Are you ready?
It will be the biggest BULL RUN of ALL!
HERE WE GO! CAME OUR TIME!
ALT SEASON 2019!
HOOOOOOOOLD
HOOOOOOOOOOOOOOOOO IT
the rocket will start
Real money is made now.
2020 awaits us. Buy cheap from pessimists and sell expensive to optimists. The time is now. Only the strong survive
GO HARD!
IOTA- The BIG Falling Wedge - Alt Season is coming! Go!IOTA / BTC is in a great Momentum. We have a very powerful standard highly BULLISH. A great FALLING WEDGE is ready to go. Worth the risk. Time to multiply our BTC!
Come on! Are you prepared for bigger BULLRUN of all?
Many ALTs are ready in accumulation to launch the biggest wave of all. Wave 3 is larger and more impulsive. I hope it's ready. 2020 we will be MAINSTREAM. Big money is coming here. Who lives will see.
Observing the DOMINANCE of the BTC, we have a possible DOUBLE TOP. We are very close to an "Alt SEASON"
This time whales multiply their BTCs. Welcome back to 2017.
Are you ready?
It will be the biggest BULL RUN of ALL!
HERE WE GO! CAME OUR TIME!
ALT SEASON 2019!
HOOOOOOOOLD
HOOOOOOOOOOOOOOOOO IT
the rocket will start
Real money is made now.
2020 awaits us. Buy cheap from pessimists and sell expensive to optimists. The time is now. Only the strong survive
GO HARD!
ETHEREUM - Touch Support - Alt Season is coming.
ETH / BTC just touched your biggest support. We have a high, very powerful ENGOLFO candlestick Pattern. Every time we touched this support, we had a shot in par ETHEREUM / BTC .
The risk is worth it. Engolfo is a standard BULLISH .
Observing the DOMINANCE of the BTC , we have a possible DOUBLE TOP . We are very close to an "Alt SEASON"
This time whales multiply their BTCs . Welcome back to 2017.
Are you ready?
It will be the biggest BULL RUN of ALL!
HERE WE GO! CAME OUR TIME!
ALT SEASON 2019!
HOOOOOOOOLD
HOOOOOOOOOOOOOOOOOLD IT
the rocket will start
Real money is made now.
2020 awaits us. Buy cheap from pessimists and sell expensive to optimists. The time is now. Only the strong survive
GO HARD!
XRP LOOKING FOR A NEW LIFT OFFHey guys, long time since I made a chart. Thank you for your patience and your support. For people looking for BTC updates, there are here :
We all know XRP is like a lagging index of BTC. After nearly 1 year and half of consolidation in the massive triangle, we are now breaking out with convenable volume. Last time suck a resistance broke was in November to December 2017. We all know you when XRP will lift off it'll be too late to jump in the space-bound rocket ship.
My different indicators are calling for a massive pump: but remember it's a WEEKLY chart that means it can take between as long as 30 weekly candles to be realized. But hey KEY resistance is broken. There is almost 1 news by day on this coin but everyone is joking about his "low" gains for 6 months: IM LONGING.
AS always DISCLAIMER: I'm not a financial advisor, you trade at your own risk. I'm doing it for my personal entertainment AND trading.
Please if you want more chart show me your support by pressing "like" bouton, comment, share and follow! Thanks, everyone!
BTC's important trendlines coming from February 2013BITSTAMP:BTCUSD
As we are heading upwards and everyone is in full FOMO mode i spotted some very important trendlines for BTC/USD that are coming and acting as S/R since February 2013!!! And are still many times in play all these years
So everyone should have in his mind to keep those lines on the chart on his chart as they may create some action if hit
The red rectangle marked on the chart above is a significant resistance area that we might hit it the coming week and maybe rejected as it is the middle line of the channel and acted many times as a line that causes reaction and also is the 0.618 fib level from $20000 to $3.120
Hope my chart will help you for entering positions on these lines in the future
Share and like if you find it useful
Cheers!!!
Had we started the grand wave 3????BITMEX:XBTUSD
Hello to everyone
First of all just dont be that guy trying to short BTC in a bull market...
Loosing money in a bear market if you dont have experience could be ok but if you lose your money in such a bull market that is running in 2019 probably trading is not for you ;)
The 1 million dollar question is: Are we currently in the beginning of the 3rd wave???
If yes that 3rd wave will be extremely bullish as the 1st one just gave us a retracement to only the .236 fib level showing us that the bulls had taken full control of the market leading btc in the most
profitable bull market in history. Mark these words and watch it making the job for you.
Everything is on the chart
HAPPY BULL MARKET TO EVERYONE
BTC is respecting the fib levelsThe first correction landed exactly on the 0.5 fib retracement level, we currently waiting for confirmation of an upwards or downwards move at the 0.236 level. Pay attention the next week will determine the fate of BTC. If you enjoy my work please leave a like, comment and follow me for more.
$500,000 BTC by tomorrow LMAOIn case you couldn't tell this is sarcasm and unfortunately, the average Bitcoin investor sees this as a real possibility. If you ask me we might retest 9 k then have a major correction, as most of you know the market likes to punish those who buy the tops be careful with longs at this price range and do me a favor gimmie a like and follow me for realistic market analysis :)
$BTC: One final push upside, 33% correction, then rip to $11.5k!Dear all,
Enjoy this chart. All details are in the chart, showcasing the confluence of bearish indicators for the 33% correction within this BULL market.
In summary:
1- One final push to the upside (9.8-10k levels) this week
2- 33% correction to the 50% fib in June
3- rip to $11.5k in July/August, after the RSI and Stoch RSI have cooled off to oversold regions
Projected price action is in light blue on the chart.
Cheers,
Leb Crypto
Lite the Way - LITECOIN! (LTC)Hello Traders!
Litecoin continues to, of course, follow the bullish trail blazed by King Bitcoin. In our last analysis, we looked for two targets - $114 and $135.
Our first target, has been hit :)
Now, after the first smaller impulse wave on the 4h, we had a nice pretty 62% retracement. Most frequently, the 127% extension is the safest target for any retracement based trade. We have reached that.
The reason that, I am posting a new chart here instead of updating the old one, is because I want to be able to retroactively view how we do react to the Fib Resistance Fan.
So, now LTC is at the 0.618 resistance going by the fib tool. When BTC broke this level, there was a retest of it, as support, and we then got ANOTHER $1400 move up. At the time, that was about a 20% move. If LTC has a similar reaction to a breakout, we can expect this to push us straight towards our second target $135.
Alternatively, if LTC DOES retrace here, I have placed a likely zone to look for more long opportunities. The yellow box there, is the 62% - 79% retrace zone for the CURRENT impulse wave. Just something to keep in mind, if we do start to retrace here.
There are MANY targets much higher, of course, but with these analyses I am just focusing on the information swing traders are looking for.
I will keep this analysis short, because truly, anything I have to say about what's going on lately, has been said in my Bitcoin analysis.
Good luck traders!
Previous Analyses:
Bitcoin, local maximum or new BULL MARKET ? The main question that is in cryptocurrency market: this is X in bear market or 1 in new bull market? From my point of view the first variant is more possible because there was too short range in bottom of the market and long-term wave analyze points out that market is in Y now in subsequence X(ABC) Y (ABC) Z (ABC).
Using the Bible to Explain My long game Positions and How I knewAs a child of internet 1.0 I've learned to think like most internet perverts that want a quick buck for buying into Crypto. I was hesitant to jump back into BTC but after the first 3 seals were opened I finally had my Drinking buddy who is a complete idiot regarding Technology (typical American). I just needed the fourth seal to be opened before I knew It was time. That moment came when my buddy, a millennial that can barley use papal came to me asking for help getting into BTC. Here were the signs that I used. I plan my Positions Traditionally but I use him as a barometer to gauge how much and When I pull out. This last weekend He told me he wants to hodl... It's time a for a correction... I like to use Paydays on the 1st and 15th as the days where we hit our highs and then about 3 days later people like him get frustrated and begin making stupid moves because "it only went up 5%"