CoinChartist

CoinChartist

When directly comparing and measuring the length of each bear phase, they each last approx. 14 months. Edwin “Sedge” Coppock discovered an oscillator after his church asked him to invest their funds. The idea was that market psychology should follow normal human psychology. Their studies uncovered that it takes between 11-14 months for a human to get over the...

CoinChartist

Lets see if Bitcoin continues to follow this diagram from Justin Mamis.

CoinChartist

I have become intensely fascinated with combining Elliott Wave Theory with Sine Waves to try and predict the shift in mood changes in Bitcoin investors. I spend a lot of time researching behavior finance, and this is the very best I got after weeks of study. I am publishing in hopes I look back at this and provide some type of map for those trying to navigate...

CoinChartist

The flat correction in November caught me off guard, but I am still convinced we have a fifth wave ahead of us in Bitcoin's current market cycle. Here is the roadmap after updating for recent price action.

CoinChartist

The entire market is extremely bearish from pricing in the expected rate hikes from the Fed. I believe this is an overeaction that leads to a short squeeze, FOMO, and one final leg up that really makes the coming crash that much worse. I'm also using Elliott Wave analysis to compare BTC with the S&P500 and provide details as to why I believe there's still room...

CoinChartist

There is quite the setup potentially brewing using the Bollinger Bands. Looks very similar to the "China pump" in 2019. The result was a 40% 3-day candle reversal that failed to break out of the bear trend.

CoinChartist

A running flat in wave 4 has kept the correction going longer than expected, but the impulse count remains the same - wave 5 is still ahead.

CoinChartist

Bitcoin price must retrace back to at least $53,500 to reclaim 50% of the down candle.

CoinChartist

A rare Elliott Wave corrective pattern. Similar to the Livermore accumulation cylinder.

CoinChartist

A running flat wave 4 correction has forced me to adjust some things, however, not by much. Here is what I expect to come.

CoinChartist

If we simply follow the guidelines of Elliott Wave, the situation becomes a lot more clear. Only time will tell if true.

CoinChartist

Based on seasonality, cycles, and Fibonacci, we have the recipe for a top target based on the log growth curve.

CoinChartist

According to BTC dominance, altcoins could run harder a while longer.

CoinChartist

The bull trend should resume, possibly for longer than many would expect based on comparing past RSI cycles.

CoinChartist

At the moment, Bitcoin is holding a bullish retest on the weekly timeframe. Comparing past tops, the conditions appear to be different. If it holds, it could be expected that the bull market continues. The Bollinger Bands appear to support this theory. Beware of any Black Swan related to Delta or Afhghanistan. There is no escaping a situation like that bullish or bearish.

CoinChartist

The Donchian channel is a very basic tool and functions somewhat similarly to the Bollinger Bands to a degree. Past bear markets started when Bitcoin lost the median. This time, Bitcoin has successfully defended the median, meaning that another push up should begin soon.

CoinChartist

Bitcoin price is stuck in the cloud on the 2-day, 3-day,- 4-day, and 5-day. The 6-day and weekly are at Tenkan-sen resistance. Monthly, however, has very little resistance above. Only some Chikou span resistance the cryptocurrency should slice through.

CoinChartist

I am of the rare few who believes that Litecoin is currently the best trade in crypto. Few altcoins are still so down on their BTC pairs and have underperformed during the bull market thus far. There also is nowhere else this technically flawless of a double bottom pattern, that just completed its retest.