AspiringPro

AspiringPro Updated 

I have an interesting idea from studying the logarithmic superstructure of BTC that I would like to share with the TV community; From 2012-2018, BTC was trading above the black support line. However, during the late-2018 crash that saw us hit our cyclical low of $3,400, BTC fell BELOW this support line. The following pump in Summer-2019 actually confirmed it as...

AspiringPro Updated 

"I have no doubt whatsoever that S2FX is correct and bitcoin will tap $100K-288K before Dec2021" On this chart we have the upper & lower bounds of bitcoins log channel. From a purely technical viewpoint it does appear that 288k is possible before 2022. Lets play the waiting game and find out!

AspiringPro

looks gud 2 me bro

AspiringPro Updated 

Just messing with some ideas. Lets see if i get bulltrapped.

AspiringPro Updated 

Hard fight to stay over triangle. Break downwards will indicate to me that the top is in for now, and run for cover.

AspiringPro

My past analysis posted 1/15 has been invalidated, as I had been way too hasty to accept a temporary trendline reclaim as a major technical development. In reality it broke back down, and I was forced to exit trade. But I am still bullish based on the fact that instead of a harsh drop to the 20k range as everyone has been predicting, BTCUSD has simply printed a...

AspiringPro Updated 

It looks to me that higher prices are once again in our future. Just when all hope had been lost, BTC has regained its footing. We have reclaimed our strong uptrend active since Dec-16-2020, that briefly turned to resistance this week. The giant H&S everyone has been talking about is still technically active, but in my experience, patterns that all participants...

AspiringPro Updated 

textbook inverted h&s with trendline retest. target is head-neckline length which is at about 16k coinciding with major resistance level and fib.

AspiringPro Updated 

Super simple downtrend, 3 wicks. Must break 9.8-9.9k to confirm end ~3 year bear trend. Reasoning - double top at 10.5k was bullish, because it implies the trend is leveling out. If it were another lower high, it would indicate a continuation. But a double top signals to me direction change. I am standing by for now. Too many past fakeouts, must preserve cap.

AspiringPro Updated 

I noticed that on longer time frames, BTC candles tend to separate into 2 channels on upwards moves - the wicks, and the bodies. Currently we wicked up into the wick channel, but came back down into the body channel. Theoretically, a decisive break of the downtrend would have to include a candle in which the body breaks into the wick channel. If the breakout is...

AspiringPro Updated 

Horrible quality chart, but I had this idea... Looks like another h&s forming towards the top of our long term resistance. A rally to the mid 9000's but a failure to wick higher can cause produce a breakdown towards $7000 region. Halvening hype is done and outdated miners are going offline. Not to mention we just came off a huge 100%+ rally. Bunch of new retail...

AspiringPro

We could also rally to 9.1k to retest rising wedge formation, we can also get rejected there.

AspiringPro Updated 

Just an idea... huge break out from the rising channel, which seems to have printed a bear flag, with the top of the pole perfectly touching the long term upper resistance. It looks to me like BTC is gearing up to pierce through it. What do you guys think?

AspiringPro

Rising wedge actually broke to the upside but advance was halted by the huge resistance downtrend line since 2017. Just posting this to follow developments. My personal opinion is that we will have to revisit at least the top of the wedge breakout area, but this is BTC so more likely we can shoot right past the resistance and take it from there.

AspiringPro Updated 

I want to see how this goes down - in a way it is Bitcoin's big make or break moment. A break below practically signifies the end of the Bitcoin price bubble, and a break upwards may confirm that we are indeed a new cyclical uptrend. It's any sides game right now, but I am noting the huge uptick in volume.

AspiringPro Updated 

BTC has arrived once again at the bottom range of the long term channel. The range is tightening up and it looks like we are due for an even more explosive move soon... Pros - -potential inverted h&s building -halving approaching -global markets crashing can become a positive for BTC even though that correlation is initially not fairing so well -rock solid...

AspiringPro Updated 

i want to see how we rest atop the downtrend. we broke it very authoritatively so i expect good things. i would then consider this bull flag broken upwards and would expect to see ATH broken in 2020, with obvious pitstops along the way (.618 and etc).

AspiringPro Updated 

i previously made a chart (spring 2019) with this trading range. obviously in 2017 we went parabolic and broke it, before falling back inside. at the exact edge of my channel we broke out and are now moving up - BTC is alive and well. looks like if we can continue along this range, assuming no parabolic upwards break, we can reach previous ATH of 20k in the 2nd...