Bitcoin vs Amazon: Bubble SimilaritiesFor those of you who do not remember the history of Amazon, Amazon started out before the Dot Com bubble burst and was the darling of all the Dot Com stocks. As you can see, when that bubble burst, Amazon went from $118 to $5 (99.2% drop). Today Amazon is at $1,600 a share, but I personally believe this is irrelevant to Bitcoin as it took 20 years for Amazon to get there.
Currently, you'll see how Bitcoin's pattern is diverging from Amazon's at this stage. From the purple vertical line, Amazon went ahead and made a perfect double top @ $118 before falling to $5. Bitcoin appears to be continuing to go down. If Bitcoin happened to drop the same amount as Amazon (99.2%), the price of Bitcoin would reach a low of $160.
I'm not providing this comparison to say Bitcoin will go one way or another, but I merely wanted to show you that low can always become lower so please invest responsibly and only what you can afford to lose.
Comparison
Here Is The SECRET PATH - WHY BITCOIN will MOON very soon!! Dear Friends! :)
Who would have thought, that D4rkEnergY could get sick? I flew back to Seoul 4 days ago. Got 5 hours of sleep on the plane. Installed in my apartment. When I arrived at our office I was quickly briefed that we had a big event for clients, sponsors, ICO's in a big venue. I was told to prepare a speech and make a Live TA-show on Bitcoin for +500 people - aaand the event was about to start - I had 2 hours!
After the event we went out and had some dinner with our customers - Korean BBQ of course. For those of you who don't know how to do business in Korea, I'll reveal it here:
1. Eat
2. Drink Soju mixed with beer!
3. Drink more Soju
4. Talk, negotiate
Repeat...
I'm from Denmark - and in Scandinavia we know how to drink... But D4rkEnergY had to surrender in the end... But now I'm finally back - and this time I'm going to tell you WHY Bitcoin soon will moon!
As you can see I have made a comparison between S.P.Y: S&P 500 and Bitcoin. The S.P.Y aims to track the Standard & Poor's 500 Index, which is comprised of 500 large- and mid-cap U.S. stocks
Here is what I have realized:
- Bitcoin is following S.P.Y
- But with a delay - it seems like S.P.Y is in average 2-3 weeks ahead of Bitcoin
As you can see we have very similar patterns:
- Bull run
- Double bottoms
- Double Top
- Bear flag etc.
Now what?
S.P.Y started its new uptrend May 2nd. 12 days ago. As you can see on the RSI it started after a double bottom on RSI Level 43, where we also now on the BTC-chart has made our first bottom.
We are at 8,400 USD now (while I'm writing this post we are having a sick spike to 8,8k USD). But if we will follow S.P.Y we can expect to go down again, and make a double bottom before we will moon!
D4 Loves You <3
Nice to be back again - Please leave a LIKE and follow for more. Thanks in advance, my friends :)
APHQF Profit/Loss BTC comparisonUsing BTC to swing trade APHQF with a 7.63 Buy in.
Target prices are listed with major resistance points.
BTC Bearish mirror to silverI overlaid the silver weekly chart ontop of the btc weekly in photoshop, and the set up is practically identical. I drew the support lines on the btc chart, and silver moved into the SAME regions. Nobody will like this chart, but this is what i see happening. you can see how long it will take. good news is, once that consolidation is hit, we can all buy a lot more bitcoin than we can today! ill see if i can figure out how to post the overlay chart on here as well, maybe in the comments. its pretty spooky how similar they are...
Love or hate?How much love these two have?. I have to accept that I expected to see 17.20, It was a crazy dream... (ok, my DXY chart I was using as reference was wrong).
This time I will keep them together and see what kind of relationship there is even on days as important as right now for Mexico. (NAFTA and Presidential Elections).
Best wishes!!
Comparing BTC with the 2013 and 2014 cyclesI keep seeing the 2014 bear fractal charts everywhere. There seems to be a trend going on or something. However, many people forget that before 2014, there was another rally, in early 2013.
Both rallies ended in a large correction, with a subsequent logarithmic downtrend line.
In both cases the trendline was broken. In 2014 it was a failed breakout, meaning that after breaking through the log res, it failed to go above the previous fibonacci resistance (mostly the 0.5 and 0.38 fib levels from the entire rise of the bull move).
It then continued to decline.
In 2013 however, we see a successful breakout from the downtrend line, leading to the second rally of 2013.
The question is now: Which path will BTC take now?
I think that BTC will continue to climb to the 0.38 fibo level, around 11500. Then, the usual oscillations, and afterwards it shall be decided if BTC does another rally like in 2013, or fails and continues to decline like in 2014.
People who pretend to know are liars, no one knows what will happen. However, one can position himself or herself accordingly after we hit 11500.
I will be prepared for both scenarios. Luckily, after the first pumps or dumps, it should be clear which direction BTC will take :)
ETHUSD AND LTCUSD : OPPORTUNITY THIS WEEKHi guys,
Here we are for a new analysis on LTCUSD and today we also take a loot at ETHUSD because I think it can give us some interesting pieces of information.
Cup and handle
The cup and handle pattern has been completely formed for LTCUSD and the break is confirmed today with that great green candle. According to that pattern, we would see a huge bullish move within the next days.
Comparison with ETHUSD
I chose that other chart because I noticed an obvious similarities but also a delay for the formation of the pattern.
As you can see, for the ETH cup and handle, we have broken with a 20%-bullish move. Compared with LTC, ETH shows 5 candles out of the cup and handle pattern.
In that case, we would see $187-$192 at the end of the week.
Support and resistance
The supports on that chart are given by the Fibonacci levels. Today, the red line is broken, this is a strong support, so we would not be under that support again within the next days.
Thank you for reading, react, agree, comment and follow. Have a great week ahead !
Scary BITCOIN-Comparison - 2014 and 2018! You Won't Believe it!!Dear Friends <3
D4rkEnergY is back. He will ONCE AGAIN spread love and wisdom to you guys, AND blow your minds!
- Duuhh how stupid you are! We are obviously in an uptrend. How can you believe we ever will go below 5,000 USD?
- You fuxxxxx moron, Bitcoin will MOON right now!
- Idiot, If I'll find you I'm gonna kill you!
- Seriously your TA sucks - and so do your mom!
That is just some of the few comments I have received lately - That is the price you apparently have to pay, when you become Top Author on TradingView, and trying to help people to become better at TA!
But don't worry, guys! It's all good - 99 % of the comments I get are positive, and I seriously just find it funny, how people can react to me making a prediction :)
ANYWAY!
These charts are exact (nothing is edited) comparisons from what happened in 2014, and the situation we are in right now in 2018. It really has some crazy similarities, huh?
The bull run, the lows, double top, double bottom, the sick break out spike and then (maybe a crash back in the downtrend channel)!! With this I want to say 2 things:
1. I'm NOT saying that this will necessarily play out the exact same way, but it's just to tell the disbelievers, that it CAN and MIGHT happen.
2. Even though I'm still bearish so far when it comes to Bitcoin, I'm SUPER bullish LONG TERM - and that is, the most important thing!
D4 Loves you <3
As always - Thanks for all the love and support! And please give this chart a BIG LIKE if you ALSO believe in BITCOIN :)
BTCUSD : 2014 crash pattern comparison replay... Yes... again...Hope this idea will inspire some of you !
If you want to see my chart more closely, click the share button below that video.. You will be able to have access to the chart used in that video.
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
2014 vs 2018 bitcoin pathtake a close look at the 2014 and 2018 charts.
see the top, then immediate dip,
the charge up followed by the big drop.
the bull run followed by another dip (the one we just experienced).
mid way in 2014 there is a green candle (this could be where we are - just below the 0.5 fib line, same on both charts).
im thinking £4000 is on the cards ahead with some more dips and climbs ahead.
Comparison of Bitcoin Major CorrectionsThe Bitcoin has been showing a substantial growth over the past years, although huge growth was followed by huge corrections. Let's try to compare the past two correctional moves down with the current one.
The past two strong corrections occurred in 2013 and 2014 were price retraced for over 75% from the peak values. All smaller corrections occurred in between resulted in a correctional move down of not more than 40%.
First Correction
The corrective wave back in 2013 resulted in a 76% decline while price moved from $260 high, down to the $60 support and has lasted for 87 days .
Second Correction
The next strong correction was not too far away and happened during 2014 - 2015. This time Bitcoin has corrected from the $1165 all-time high, down to $200 support level, which resulted in an 82% loss against the USD. The correction, including the consolidation period, has lasted for 637 days !
Third (Current) Correction
With the latest move down, Bitcoin has corrected down by almost 70% , during a relatively very short period of time, only 51 days .
The Conclusion
All major corrections have a tendency of a 70-80% drop, while the timeframe of the correctional move and consolidation period can vary. Bitcoin has already corrected nearly 70% from the all-time high and it could be a good buying opportunity for the long-term investors. At the same time, if 80% correctional move will be applied to the chart, the price could drop as low as $4000. Therefore, statistically speaking big players could start or could have started buying Bitcoin Bitcoin anywhere between $6000 and $4000.
Top 5 Coins With Strongest Recovery RecentlyOn the 6th of February, the Bitcoin has tested the lowest price since correction from USD 20k resistance started. Price dropped to USD 5.9k and corrected upwards, while during the past few days it reached USD 8K, re-gaining 40% against the USD. Is it a quite strong recovery and perhaps the end of correction?
Nevertheless, some coins corrected up much stronger than the bitcoin and below is the chart presenting the winners.
INTERNET OF PEOPLE (50% Recovery against the Bitcoin)
FUNFAIR (43% Recovery against the Bitcoin)
DECENTRALAND (37% Recovery against the Bitcoin)
POWER LEDGER (34% Recovery against the Bitcoin)
GLOBAL CURRENCY RESERVE (32% Recovery against the Bitcoin)
Last 3 market crashes compared"What just happened?" Is the most common question people is asking their brokers.
The answer: Nobody knows exactly. The market just crashed like in 2015, 2011 and 2010.
Here is a comparison of the latest 3 flash-crashes:
18 August 2015
1 August 2011
6 May 2010
Even while past data suggests a price bounce, bear in mind that the sell-off could continue in the next days.
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"Know what you own, and know why you own it" - Peter Lynch
BTC ROADMAP, LIGHT AT THE END OF THE TUNNEL! (BTC VS DOTCOM)I know Bulls, Im sick out it too. I'm sick of all fud, and the haters that made no money last year walk around like experts because Bitcoin finally crashed and, they "told you so". I didnt want to believe it either; i didnt want to believe the "bubble" was real and it finally popped. It hurts my poor little bullish heart to say it, but the haters were finally right this time. After the breach of the support @ 8k, i knew this wasnt just the normal 50-60% correction we were use to. And like many, I'm sure many of us got stuck holding those 50% discounted bags. However, rest assured, these bears will eat their words sooner than they think, and we will be back on our way to the moon again.
Above I have laid out a comparison between BTC & The DOTCOM Bubble. I felt it was only right to compare a bubble of this magnitude to another bubble of similar global attention and similar influence. I did not feel a comparison to one of btc's previous bubbles could map out the uncharted territory we currently find ourselves journeying through. Although on different timelines, it is evident, crypto with the help of the social media boom, is moving exponentially faster. Thus, what took the DOTCOM bubble years to recover from, I believe Bitcoin & Crypto can recover from in under a year.
With that said, there just isnt much upcoming news for btc in particular, thus i have noted the dates of the upcoming G20 meetings on my chart as possible catalysts for price movements. I feel now after garnering global attention, btc will have to endure many hurdles before we can amount the confidence to continue our next bull run. Many of these hurdles will regard regulation and how many of these countries financial leaders choose to approach crypto. If these meetings lean in favor of interest for crypto, and lack hostility, I can see this having a positive effect on bitcoins price. However, any regulation placed without the utmost care could hurt btc's growth and scare away possible new investors.
For those of you who bought too soon and still have money to invest, I would suggest placing very low buy orders @ 3kish & under to try to dollar cost average out your portfolio a bit more. That way when btc does start to make a run, you will not have to wait for btc to pass your original buy in price to start making money again. #HODL
But why 3k? The floor in my opinion is 3k. it is our first real run up away from the normal ranging btc price of 500-1500 prior to 2017, and a sturdy foundation to cushion btc's fall made evident by the amount of times price has touched this level.
Other Catalysts to watch out for but not mentioned are, Tether (if rumors are true and tether is indeed printing money without sufficient funds before the market has an alternative), and Stock Market Instability. It is no secret, the stock market will eventually crash again; when? its anyone guess. But even instability in this market could attract new investors as a hedge against these tradition investment institutions.
Bitcoins next big sell off at 45k?My recent analysis of Silver applies across all commodities. If you are bull on Silver, Gold, Platinum then you are bear on USD. It is quite easy to be bear on USD at this time and it makes sense fundamentally as incentive for companies to return manufacturing to the USA. I have found a distinct correlation between the log scale price of BTC and USD, where USD finds resistance, the log scale price of BTC finds support and vise versa. despite the variations in drawn support for USD, one thing will be constant and that is the resistance BTC finds, whatever USD drops to and travels along as the support, both of BTC resistance lines intersect around the time USD is expected to hit support and that price is at $45K.
If you are wondering why I used a log scale for BTC its because BTC is in a different asset class. It does not behave like other commodities or other currencies. Of the cryptocurrencies, I would go as far to controversially say that bitcoin is not a cryptocurrency anymore, the transaction times are ridiculous and the sentiment is to HODL. HODL like its Gold. Owning Bitcoin in a wallet is like owning real gold, very risky when you need to get rid of it fast and this partially attributes to the lack of a proper bubble burst. The expanding market of crypto cannot be measured against other instruments in the same way. When expansion ends and the market is saturated then comparisons of BTC will really correlate to physical commodities of limited supply and sentiment.
If USD breaks keeps breaking supports then btc will keep finding resistance on the log scale. I actually believe its possible (but absolutely not guaranteed or supported by strong analysis) to hit 150k and crash to 30k in this year, where it can finally be knocked from the top spot in crypto market cap.
Top 3 Most Consistent CoinsDuring the past couple of month, the crypto market has been going through two major phases.
The first phase, that took place during December 2017, was a strong uptrend amongst most coins, substantial growth, and almost a non-stop rise.
The second phase, that took place During January 2017, was a consolidation phase, where most coins have been correcting down strongly or consolidating.
But there are coins with a better performance, that have shown great stability and consistency during both phases. While most coins were suffering they proved to be the most stable in comparison to the rest cryptocurrencies.
And the winners are:
0X
EOS
NEO
Top 5 Coins With Best Performance During ConsolidationIt was a great rally across many cryptocurrencies during the past months. There was a huge growth by some coins, gaining x10, x20, x30 or more, where most cryptocurrency traders were profiting disregarding the coin of their choice.
However, there are always times of consolidation or a correction. And this time is now. The cryptomarket is not stagnating, which means that the coin either consolidating or correcting downwards.
But it does not happen to all coins because some will be always better than others and in the idea you can see the top 5 coins that had produced the biggest gains during January consolidation period.
Bitcoin BTCUSD Bitcoin and Klondike Compared/Next Buy PointsBitcoin Weekend Update - Bitcoin and Klondike Compared - Next Buy Points
After the selling climax reached post S Korean news Bitcoin, if it was to continue acting like text-book version of how a coin
should move, was expected to rally back to the very start point of the rout and then consolidate. Overnight Bitcoin
played by the book. Actually the high on Bitstamp was 14468, some 29 points under the actual point of rout, but not bad.
This beast a proper thorough-bred. Earlier yesterday either you got stopped out at 13700 for 1000 points profit, or if using
the 'other' service which cannot be mentioned by name under threat of yet another ban (see top left of sumastardon page,
under big green S for more details of that if a Bitcoin aficionado) will have managed to exit very close to the top of
the run yesterday at just under 14150 for some 1440 points profit, or 10% of Bitcoin in 12 hours flat. We can make some
serious returns on Bitcoin without ever having to 'own' it for very long...too risky! Trading this monster is in reality way
LESS risky than owning it. Since that trade we have gone long around 13600 and lost 60 points and gone long again from
13417-13370 range with the subsequent low being struck at 13391, right in the centre of the lowest downside target, and
has since rallied overnight to retest the S Korea pre-news level to within those few points at 14437. If you closed out
close to those levels that was fine trading and another 1020 points won...so up to 2400 points 'mined' in just 44 hours or so
of frantically...twiddling our thumbs and hitting a button about 6 times. When you stop to compare the hardships we
have to endure to mine a few points/dollars from the rich seam in the sky to those faced by the men who set out to find
their dreams in, say, the Klondike gold rush it makes the head spin. The risks they took and the broken dreams they took
home with them, if they survived the ordeal, bear no comparison. They were looking for something real (gold) and
for the most part couldn't find it. We look for something 'unreal' and seem to find it everywhere. We don't have to
cross oceans and climb 'golden staircases' in deepest winter risking our very lives to find it like some of our ancestors did. Could this have been you in another age?
We can sit at home and watch Bitcoin and chill. Way more exciting than Netflix ever was or could be, no? But there's a
deep irony there too. We are so damn lucky. Do we realise it? Well we really are making it 'real' in some respects. We are
turning something that might still be unreal into something tangible and very real. Bitcoin = points = dollars. E=MC2 for
miners. And so long as we hold the dollars who cares if it's real or not? That is not our problem. Our only 'problem' is
spotting patterns in the seam and trading/mining them. That is all we should be concerned with, pretty much - as well
handling tax returns - which should be quite large unless you're planning ahead...
But back to the now, now. Bitcoin is consolidating overnight gains and now has to push on through that high from overnight and break above 14460 to really power ahead again from here, triggering the next long for 500 points to 14960 - otherwise we wait for lower values. First support is at 14081 but gets stronger at 13965-13900 range ...look to buy the dips still, Bitcoin is beginning to get back on its feet