CoinChartist

CoinChartist

BTCUSD 3-Day is retesting the mid-BB. As the chart shows, rejection from this level has resulted in on average a 40% decline. The last time it was rejected from this level, the Black Thursday collapse followed. A break above will lead to a test of the upper band and likely a sustained breakout rally. Bear trend may officially be over if there is no rejection here.

CoinChartist

The line chart provides a clearer look at what appears to be a breakout of the bear market on monthly timeframes. Target based on the structure would be just shy of $100K. Makes sense, BTC never reached $20K, it was front-run by a few hundred. $100K will be front-run by a couple grand. Publishing this so I have it in my idea history. I am not sold on this yet....

CoinChartist

I recently wrote an article for a major crypto media outlet, regarding a popular crypto fund manager who asked 'If the Black Thursday shakeout from $10,000 to $3,800 didn't break the conviction of Bitcoin holders, then what will?' I myself am a long term Bitcoin bull. There is no asset I am more bullish on. I fully expect it to reach prices upward of $100K per...

CoinChartist

Zooming out from my last analysis of Bitcoin weekly ichimoku, the last time Bitcoin price held above the weekly cloud kickstarted the last bull market. The trigger, was a fall to the senkou span B line, as my last analysis has called for. This could be the last dip ever in Bitcoin.

CoinChartist

Bitcoin price continues to hold bullish above the weekly ichi kumo. However, price has now closed below the senkou span A and there's a kumo twist in the cloud turning from green to red. Kumo twists are weak points in the cloud, so even though BTC is holding bullish, the twist could allow it to pass through more easily. A fall to senkou span B in the low $7000...

CoinChartist

Past data shows that Bitcoin remains range-bound and under resistance until the United States Presidential Election has passed. Wells Fargo says that a potential Biden win isn't yet priced into the stock market. If Biden wins, a post-election crash may follow due to stock market correlation.

CoinChartist

ADX growing and a DMI crossover suggests that Bitcoin is ready for more downside. Take a look at past instances for confirmation.

CoinChartist

Bitcoin volatility, as measured by BB Width, is showing the third time in four years the asset reached such lows. One time, post-halving, it kicked off the last bull market. The other, Bitcoin fell by over 50% to its bottom at $3200. What will this time bring. Third time's the charm? Or more chaos from corona?

CoinChartist

The pitchfork tool clearly shows a long term channel, now testing the bottom of the lower quadrant. If it holds, a similar rise to one of the upper quadrants would be expected. IF that happens. Alts rekt.

CoinChartist

A deeper drop this week cannot be ruled out - even a VERY deep drop. However, over the next month, it will be the last chance to buy XRPBTC at such lows. Price action is up against, it not through multi-year downtrend resistance. A massive bullish wedge is formed. Lows were just swept, breaking through a key level on the TD sequential indicator, just as 13 and 9...

CoinChartist

Bear flag breakdown speculation. Bounce into right shoulder, delaying altcoin season further.

CoinChartist

Correlation shows they both may share a similar result following the event in the stock market. However, Bitcoin contracts expire next week - as much as 60% of open interest.

CoinChartist

Looking at how the Federal Reserve has saved the S&P 500's parabola. With USD on thin ice, the end of the US superpower is near. Can BTC, born during the Great Recession save the day?

CoinChartist

Bitcoin price is exhibiting a similar price pattern as it did prior to testing $14,000 last June. Another test looks likely soon.

CoinChartist

Bitcoin has closed above the weekly kumo on the ichimoku indicator. Another retest is in progress and thus far continues to hold. Bullish uptrend is further supported by bullish crossover of the two senkou spans.

CoinChartist

Even at just a glance, it's hard to deny Bitcoin could be ready for another bull run. This is a deep comparison to past cycles. Note the timeline from top to breakout, and the three instances of miner capitulation.

CoinChartist

Bitcoin $BTC has been trading inside an impressively symmetrical triangle since the $20,000, 2017 top. Symmetrical triangles can act as continuation, if the prior established trend has been up. The triangle itself meets the four points minimum with two trendlines with three touches each. Price action is past the 1/2 to 3/4 ideal breakout point toward the apex,...

CoinChartist

This is an analysis of the echo-bubble fractal formed across Bitcoin resulting in two bear markets. One more is possible, or at least another dip before the bull market starts. I have begun to lean more bullish, so this analysis maybe invalidated.