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BTC (Y19.P6.Video.C) Cont.Is the bottom in?Hi, Welcome to my 3rd video which will be part of the series of the Bitcoin Macro trend. **************************************************************************************************** Note: I posted a Macro Level chart back in July this year that is doing a good job for the current price formation. The logic of this chart is also used as a reference but I did not have time to explain it in this video but it supports my thesis with the bottom being in. I will include that post in the next video as well, to explain why I think the price will move a certain way. The logic for this chart below, posted back in July is that after parabolic run, we will naturally see a sell off at the top. and then the price will drop back to the support zone where it all started from, the parabolic run. Here there is an already established channel. **************************************************************************************************** In this video I will be talking about the current trend and its structure and what my take is from a number of sources. Hence this presentation is a compilation of ideas that I have taken from others and incorporated them with my ideas as well. Unfortunately I ran out of time so I will need to continue this video to finish of with Moving Averages and the 3rd part, which is fib. channels. This video quickly recaps the previous videos and covers the x2 Btc cycles that occurred with each cycle having 4 phases or stages. Each stage identified with its parabolic advance which is supported by the RSI phase 1 and phase 2 have a common support level, base trend line so we are going to try to use this historical reference for today's chart This video covers chart structure using fibonannci as a means to make sense of the chart, I will highlight key milestones and pivot points with the help of pitchfork, fib fan, fib circle, fib extension levels The last part of this video covers the MA method. Using Ma, we get the bottom support line using the 50,100,200 weekly ma. cross over represents a bullish momentum. Previous Video Post July 22 post, that is somewhat accurate for today's price structure and this post demonstrates why it works based on a no. of assumptions.
BITSTAMP:BTCUSDLong
by ssari
2
BTC (Y19.P6.Video1).My.MACRO.Overview.For Yesterday and TomorrowHi Viewers\Followers, This is my Vision for BTC based on a number of observations as well as ideas from a number of sources\people I follow. This presentation is my first so please be patient, but also be ready for a convincing argument to the hypothesis. I will cover the following: a) The life cycle of BTC in terms of price movement b) Sections or phases to each cycle c) Indicators or mildstones that I believe are significant d) Current situation e) Next section\phase and price range. f) In the presentation, I will point out a few things i) BTC Halving ii) Fib channel \ pitchfork iii) pivot points Summary: Good news is BTC will go up significantly based on the last 2 cycles of BTC. I will try to demonstrate and explain why\how in this video. Note: Past history is not indicative to future movements but one thing I noticed, and many mentors I follow also say the same thing, that BTC is Technical Analysis. However, each phase had minor parabolic moves and the 3rd the major parabolic advance move I called them 1st phase, 2nd phase and 3rd phase and 4th phase, Bear trend\market Its occured x2 times? 2012-2015 2015-2018 I demonstrate the usefullness of Fib.Circles and its relevance to today. I had no time for covering the 21 and 200 EMA. Please gives a thumbs up if you agree or like it. Regards, S.Sari /CyptoProspa Note> When I have time, I will post details screen shots to help understand the video and areas which I might have forgotten to talk about or show in detail.
BITSTAMP:BTCUSDLong
by ssari
3
BTC (Y19.P2.E3).Fake out?In my opinion this is a fake out as a few things didn't look quit right. Hence I held back and put a small token for a short. Yep, I can be wrong but I still expect a ranging price for the next month so no rush. It fell short of what I expected and I recall a few mentors saying, its like a spring, the more you wind it back, the more it will spring up. Either way, I jumped in for a short opportunity and why not. Bought just below 9K as I started to see holding up. This type of action recks people, including me. I'm not going long at this point. Note my fib.channel I did some month back. It seems its still relevant. Please give it a thumbs up. Cheers, S.Sari \ CryptoProspa Close up on the 2 HRLY MACRO Level Chart Daily
Short
by ssari
bitcoin fib circles part 2Update to previous chart behind the circles there’s a gan box the circles are never moved of fitted to price they are sized and positioned by a hidden gann box Check my previous published chart this is part 2 just copied and pasted next to the left hand one using the No.1 fib circle as the square boundary (hidden gann box) I like patterns like these for good entry’s and exits especially if your scalping at the computer just aside your basic chart can sometimes give you the edge over the straight line masses Will post chart history soon Bearish for the future but bullish for this weekend so far
BITMEX:BTCUSD.P
by kingkennythegreat
BTC taking the roller coaster to $24KWell it seems that I was wrong about the direction of the break from that fib time zone and my stops were hit at $7440 en-route to our current schiff pitchfork resistance. Some elliot wave analysts called it so the pace of this recovery was unexpected to me but obviously not to a others. If you press play on my previous chart, you can see that we reached the next (current) schiff pitchfork resistance peaking at around $8400 and then we subsequently had a 38.2 fib retracement down to our 1.618 fib ring support so at least these levels are being respected for now. I do now believe that the bottom is in and believing contrary is denial (although we can never be 100% sure since this is a game of probabilities, not certainties) and a few of my alt coin trades have played out very nicely, with most showing great setups lately. Altcoin season still has not started though, not until bitcoin dominance has dropped enough to kick things off. For the short term, I'm looking for another retest of $7440 before 1 last 138.2 fib extension from our recent $8400 peak, taking us to between $9750 and $10400 where resistance will be heavy. This is also the 3.618 fib ring resistance when you connect a fib circle from the December lows to the $5600 peak, which was reached just before the recent larger impulse move. From $10k we should have at least a 61.8 fib retracement / correction back to our macro trend line support which starts from our 2015 lows of the previous bear market. This should take us to somewhere between $5200-$5900 before the next parabolic phase of the bull market starts with a target of $24 000 sometime at the end of this year or early 2020. We should enter the parabolic phase after breaking out from both the outer 4.236 fib ring and the 2.618 fib ring of the larger red fib circle connecting the December 2017 ATH to the December 2018 lows. By connecting fib timezones between our Dec 17 ATH and Dec 18 bottom lows, you can see that this move to $24k should take us to our next fib time zone as well as our next schiff pitchfork resistance. Good luck and happy trading!
BITSTAMP:BTCUSD
by Corn_Reaper
Reversal expected at Fib Time Zone, in other words very shortly!Good day Traders Using the $8500 July 2018 highs as a starting point (the peak before we broke market structure), you get interesting results if you use a schiff pitchfork to then connect the December 2018 lows to the recent $5975 peak for 2019. Using the same starting point, add Fib Time Zones connecting the December 18 lows, and we find anticpated areas of reversal based on elapsed time. As you can see we are right at the next fib time zone, so expecting a reversal very soon. If you then add a trendline from the ATH, a fib circle connecting the Dec 18 lows to the recent $5975 peak, and add a bar pattern from the July 2018 starting point, (same starting point we used for the pitchfork and initial fib time zone), you'll see that the forces seem to line up quite nicely. I'm expecting a resumption of the downtrend shortly, with our next capitulation event happening after retesting the ATH trendline resistance, as we break out of the 2.618 fib ring circle, and below our channel support. For a bottom target, by adding a fib retracement from the $8500 July 18 peak to the $3200 Dec 18 lows, I'm anticipating at least a 1.214 fib extension to around $1970 which coincides with our channel support and which coincides with our next fib time zone, making this the perfect reversal area. We should then consolidate along that support, until we breakout above the top pitchfork channel resistance, before breaking above the ATH trendline resistance and resuming the next bull run. Good luck and happy trading!
BITSTAMP:BTCUSDShort
by Corn_Reaper
5
Bitcoin's Final Bottom using Fib Circles and a Schiff PitchforkThis is probably not popular opinion but not long now before bitcoin’s descent back to $4.2k before final capitulation. This is evident using a fib circle connecting the swing low for 2015 to the 2017 ATH and a Schiff Pitchfork connecting the 2013 swing high to the 2015 swing low up to the 2017 ATH, to give us the bigger picture. Then for a comparative view of the current bear market, add another fib circle connecting the 2013 swing high to the lows reached just before breaking out of the 1.618 fib circle ring and the break of market structure in 2014, and then another fib circle connecting the 2017 ATH to the lows reached just before breaking out of the 1.618 fib circle ring and the break of market structure in 2018. Notice how price broke down from the median pitchfork channel support shortly after it broke out of the 2.618 fib circle ring, which resulted in the break of market structure and a 50% capitulation in both 2014 and in 2018, where recently price dropped to our next pitchfork support level at $3200. As you can see bitcoin found support at the same pitchfork support at the end of Jan 2019 before we had the current bull trap rally. Imo we still have 1 more capitulation to go where we will eventually find the bottom pitchfork channel support. In 2014, we had a 77% drop from the $680 high, which we reached before breaking market structure, to the 2015 swing low. Then shortly after breaking out of the 4.236 outer fib ring, we had our final bottoming descent. In 2018, a 77% drop from the $8500 high, which we reached before breaking market structure, gives us a bottom support level of around $2-$2.5k, which lines up nicely with our bottom pitchfork channel support. We have also just broken out of the 4.236 outer fib ring, so I'm expecting our final bottoming descent to begin soon. Once we have bottomed, I expect sideways consolidation until we break out from the larger 2.618 fib ring circle, where we should enter the next phase of the next bull cycle which will coincide with the 2020 bitcoin halving around May. Expecting a parabolic move to our $50k resistance once we break out of the larger outer 4.236 fib ring around July 2022. Good luck and happy trading!
BITSTAMP:BTCUSDShort
by Corn_Reaper
13