Bominator

Bominator Updated 

BTC is the king of surprises. It rarely does what the majority thinks it will do. Most people called for 8.5k or lower before the last rally and missed out on huge gains. Just like when BTC was fighting at the 12k levels a week ago and most “experts” turned from calling 8.5k to predicting 13k+ and ‘moon’. Don’t try to catch the absolute bottom, dollar-cost...

Bominator

As anticipated, BTC reached the upper boundary of the trend channel and way overshoot the target of 11700. While we actually were outside of the trend channel for some hours, we got a heavy rejection and sell-off back inside the channel, where we are continuing to decline. There are 2 possible options for BTC at this point. Option 1.: BTC goes down -BTC will...

Bominator Updated 

As expected, BTC reached the 10100 area, I was not expecting that we'd rush right through it and go back below 10k. What fascinates me about BTC is that since most price movement comes from speculation and trading, and most speculators have access to the same, limited information, the price movements of Bitcoin into one direction usually happen with great...

Bominator

Gold's time finally has come! Last month, we were able to break above the resistance line around the 1380 price area. This resistance has never failed to hold the price back since 2013, a total of 6 years (!). Now, I am not ignorant of the fact that this could be a huge fake-out and we'll close this month's candle back below the resistance line and keep moving...

Bominator

Looking at the popular 4h Chart on BTC, we see that we recently breached the thicker black trend line which has acted as support for the current BTC bullrun ever since the beginning of the year. Closing below this line would give further confirmation that BTC is likely to move lower. I would like to see BTC moving all the way down towards the lower bound of the 2...

Bominator

Just as predicted in my last post, we see BTC making a little run, almost completing wave A of the correction. I genuinely believe that BTC will first start making its way down again in form of wave B when BTC has touched the upper big blue downtrend line, the point were the smaller 5th wave would end, roughly around the 8600-8700 area. Breaking the yellow trend...

Bominator

I wanted to quickly share the idea that when looking at the daily chart of BTC it seems like we are entering a ABC-correction. 5 very nice waves have been formed with almost perfect visible sub-waves structure. I think that wave A will be strong enough to go all the way up to the big yellow trend line that has shown to be a major resistance in this bear market. My...

Bominator Updated 

Looking at the 4h chart we see that BTC very smoothly bounced of the neckline of the inverse head & shoulder formation and seems to be on its way to form the ending shoulder. So I'd expect BTC to go down to levels similar to the lows of the left shoulder, most likely retracing all the way down to the red trend line . I'm saying most likely because its definitely...

Bominator

Looking at the 4 hour chart of BTC, it very much looks like we are at the turning point of a ABC-correction. The start of the Elliot Wave happens right after BTC fell out of the right inverse shoulder formation and started rallying up meeting resistance at the neckline. That's when we see the little drop, (also in trading volume) to from wave 2, which smoothly...

Bominator

As expected, BTC made it's way through the pink down-trend channel and more importantly through the .382 Fibo, at a rapid pace. Very important that we stayed over the .382 Fibo, which acted as great support yesterday to defend the outbreak. Now, we are looking to break out of the small upward trend (brown lines) and ultimately stay inside the big inverse head &...

Bominator Updated 

Looking at the daily chart, we see BTC bouncing right off the upper ceiling of the pink down-trend line but staying just inside the big head & shoulder formation highlighted in green. Nevertheless, I am still not completely bullish on BTC as long as we are still getting some resistance from the 50 EMA and keep moving in the main downtrend channel (pink lines)....