Bitcoin has blasted through the Point of Control on the VPVR. It's almost smooth sailing upwards at this point. 8100 area is now likely to act as strong support. We may never see a sub-8K Bitcoin again. Peace, Love, & Crypto, B166er
I've been waiting for the December close and it's exactly what I had hoped for: A beautiful Hammer Candle, indicating a possible "bottom". This pattern depends greatly on the next two candles being green, but it's something I'm watching closely. It definitely adds some evidence to my main hypothesis that we are bottoming and that the Parabolic Adoption Curve...
We all know that Bitcoin loves to coil itself up into triangle patterns and then EXPLODE on small time-frames. Looks like Bitcoin can do it on the weekly chart as well. Since May of 2017 Bitcoin has been coiling tighter and tighter into a symmetrical triangle pattern. The war between bears and bulls is coming to a head soon in a massive battle and I ask you my...
============================================== NOT INVESTMENT ADVICE - PLEASE LIKE AND SHARE! ============================================== Price Action tells a story: If the trend is your friend then the "Mother of All Trendlines" in crypto could be the best friend you'll ever have in your life. This parabolic adoption trend line that runs the length of the...
Prepare for liftoff. I think it's safe to say crypto markets have bottomed. When the Insiders are ready to mark the price up higher they will send it past the Point of Control and all the resistance around that area at around 250 Billion. Past the Point of Control there's not much volume at price action to act as resistance. For Bitcoin, 20K will be resistance as...
The last time the total crypto market cap went below the 21 Month MA and then closed above it cryptocurrency as a whole went on an epic bull run. Bitcoin has also broken above the 21 Month MA. Add this to dozens of other fractals I have found indicating a new bull run in crypto is imminent. Peace, Love, & Crypto, B166ER
Divergence in BOTH the RSI and MACD. VELLY VELLY INTELESTING! Just MORE clear evidence IN THE CHARTS that Bitcoin is alive and well. Peace, Love, and Crypto, B166ER
This has happened before: I'd like to draw your attention to the 21 month moving average. The price made its way above the 21 month moving average and then rides the Parabolic Adoption Floor for a while until the old ATH is broken. Then FOMO takes over and it unhinges from the adoption curve and blasts to the moon. Please like and follow! Peace, Love, & Crypto, B166ER
As you can see here there seems to be a bottoming fractal playing out. It's this kind of thing that is making me second-guess being too bearish right now. Too much confluence that screams "BULLISH" in the large timeframes. It's our job to study trends in the price action as traders and I don't think many people are giving the biggest, strongest trend of all enough...
Hello Fellow Traders please take a moment to look at my previous ideas on logarithmic charts and the exponential growth trend of Bitcoin. It really seems as though Bitcoin is in a make-it-or-break-it moment: Either the parabolic adoption trend stays intact, or; It's down to the crypto abyss we go. Bitcoin only has two directions it can go. What do you...
If my theory plays out...we'll start seeing fireworks next summer. Please like and subscribe. Thank you. Peace, Love, & Crypto, B166er
It looks like Bitcoin has turned it's thrusters on! I'm sure you stare at these charts as much as I do. You KNOW how Bitcoin is. It came down to the parabolic adoption floor and we're witnessing a huge bounce in January so far. This candle means business! Just look at my recent analysis regarding the bottoming patterns of Bitcoin. I found so. many. patterns....
I don't like to connect my downward sloping resistance line at the very top of the wicks. Those are usually very quick run-ups that are shot down fast. Since support and resistance lines are elastic I tend to place my lines a bit below these "shenanigan" wicks that are designed to throw traders off their game. That being the case, Bitcoin has broken my downward...
Historically speaking, when the Relative Vigor Index is above the zero line on the Monthly chart, Bitcoin is in a bull market. Please like and subscribe if this analysis helps inform your own. Peace, Love, & Crypto, B166ER
The markets often rhyme... Peace, Love, & Crypto, B166ER
Want to make money with less anxiety? Just ride the coattails of the rich and powerful Insiders that manipulate the market (market makers, whales, institutions, etc.). What is price action telling us? That they CANNOT drive the price below the adoption curve or they risk selling into too much buy pressure at low prices. They do not want to lose inventory when...
Historically speaking, the new Bitcoin bull runs begin when the price breaks the ATH set by the last bubble. If that is the case again, then we can expect the Bull Run to begin sometime late 2020/early 2021. That's when it will begin going extra-parabolic as those that wish they bought now are scrambling to get in before it's too late.
The last two times the 1 year crossed over the 2 year moving average we went on an epic bull run. I mean...it doesn't HAVE to happen, but there are over a couple of dozen powerful fractals, patterns, and indicators that are flashing GREEN LIGHT GO on a new bull run. Time will tell... Peace, Love, & Crypto, B166er