DataPatron

DataPatron Apr 29, 2023

This is my thesis of the very long term Bitcoin structure. We can observe price behavior from the beginning and see forming of the exponential price channels. As far as the price currently stays below exponential channels there is a chance the price might be forming some much bigger (primary? channel). Simple EW structure might be signalling end of bullish...

DataPatron Aug 27, 2022

Bitcoin is testing it's own long structural support. This might be crucial moment for the whole market..

DataPatron Updated  Jul 27, 2021

This one has very interesting R/R potenial. Keep it simple! Potentially parabolical movements and euphoria with glorious crash at the end ;) I will keep my eye on this one!

DataPatron Jun 7, 2021

There is nothing certain in markets but dollar is technically in huge problems. Macro bear market together with huge historic down channel as well.

DataPatron May 12, 2020

Hi guys. I was ready to change my bearish bias even if everyone is super bullish. But the price action is king and BTC seems it was rejected by that line again! I am neutral but longer we stay below the more it looks like another false breakout! take care! -dp-

DataPatron Apr 26, 2020

Hi guys. As you can see, technical damage on BTC 2019 uptrend is huge. Bitcoin was not to able to establish higher high and broke down upside triangle. IMHO is this clear confirmation of the downtrend (price has created lower lows instead of higher highs). We are currently backtesting this triangle and we should see aggressive selling to the next strong support -...

DataPatron Mar 13, 2020

Looking at all those incredible holes on the chart seems to be pretty hilarious buying opportunity to me. I expect huge dead cat bounce before markets probably start to fall hard.. Take care! -DP-

DataPatron Mar 8, 2020

Hi guys, for some time I was trying to figure out if Bitcoin would be able to break 9500 as super critical resistance. It failed completely. What does this mean for the price? Well first of all this price movement is the game changer. It seems to be confirmation that Bitcoin is not ready to enter long term uptrend. Yet! Bigger picture is clear we have massive...

DataPatron Feb 9, 2020

Hi guys! I see many analysis showing potential danger of the price flip. It's not impossible but unlikely. Simple classical charting should tell you this is the clean breakout on a daily chart and the next potential resistance is previous swing high - 14k. There is no reason to be defensive right now! Take care! -DP-

DataPatron Feb 8, 2020

Hi guys. Bitcoin broke 9500 so if this level will hold as support, then we are official in bull market here! ;) Take care! -DP-

DataPatron Feb 2, 2020

Hi guys, as you could read in my previous analysis, Bitcoin reached target - critical resistance at 9500 - and is consolidating slightly below. Looks extremely bullish for me..If we break 9500, next target won't be below 12k! Take care! -DP-

DataPatron Jan 29, 2020

You know - trend is your friend until it ends :) Bitcoin sees very important resistance level. Staying above 9500 will confirm last year lows at 6400 as higher low of the main trend. This also confirm change from long term down to long term up. Is see potential inverted head&shoulders pattern (not validated yet!) Good luck everyone! Take care! -DP-

DataPatron Jan 27, 2020

Bitcoin has found support at 8200 a that is very bullish. Breaking 200 DMA will send price to the gates of the bull market - 9500.. Take care! -DP-

DataPatron Jan 20, 2020

As expected 200 DMA plays it role perfect. It's unusual for price of any asset to break heavy resistances at first attempt. Classical charting says we can see retest of the breakout level what is 100% normal. But this is definitely not good short opportunity until we are above 7400! This is more buy the dip environment for me right now! Levels to watch now:...

DataPatron Jan 17, 2020

Hi guys! Based on my previous analysis Bitcoin has reached critical resistance point. Bulls have still power but we need to wait what is gonna to happen now. Breaking 200 DMA will move price of BTC to 9500 hard resistance (mirror level) - I would say to the line between bull and bear market. As I mentioned before If it stays above 9500, we will never go back...

DataPatron Jan 6, 2020

Monster cluster of overhead resistances, but watch out 9500 level. Staying above will shoot Bitcoin to bull market! Happy new year to everyone! Take care! -DP-

DataPatron Jan 3, 2020

Current market is clearly neutral but mid term view is still bearish to me. I think we are 8-12 weeks from the secondary bottom (start of the bull market?) Take care! -DP-

DataPatron Dec 16, 2019

Bitcoin unfortunately did not hold 7k. I expect based on technical damage BTC did with this price breakdown - parabolic acceleration to the downside. And this one can be pretty nasty and scary for hodlers I think.. Not the easiest to execute, but if managed well potential great time/profit ratio! take care! -DP-