FetchTeam

FetchTeam

So, first and foremost, let me state that I did not anticipate this price hike. My prediction was that bitcoin would end the previous cycle on a lower low, breaking through support and reaching prices close to $21,000. However, this low arrived within the expected time frame. This means that I am convinced that the low of the previous cycle was formed at October...

FetchTeam

For the past couple of weeks, we've been playing with two scenario's for Bitcoin. The first one claims the bottom of the last daily cycle was at the last green arrow (17 August), and the top at 29 August. The second one challenged the first one by claiming the bottom was found at 11 September, meaning that the current cycle still had to find a top (which would...

FetchTeam

In my last post , I made the case of Bitcoin going to 21k. In this analysis, I want to question that theory. TLDR: I am questiong my last analyses of Bitcoin going to 21k, based on the current price action. After the breakout of the support/resistance zone, I was certain 21k was confirmed. However, the next day, an engulfing bullish candle was formed. This...

FetchTeam

The weekly chart does not look good for Bitcoin. Now that we have only one more day in this weekly candle, I highly doubt that it will end up in the green. This basically means that the candle is going to close below resistance. If that is the case, then I am most certain that the most recent daily cycle top happened at day 12 of this current cycle. This means...

FetchTeam

The title says it all: These are in my opinion the most important zones for Ethereum. The support is holding the price nicely as we speak. There is however a simple resistance line above us, and there are two mayor zones above it. All of these have to break before Ethereum can go up parabolically. However, I am long term bullish (for the next two years), so this...

FetchTeam

Just by simply measuring the previous corrections in the stock market, it is clear that corrections in general do not take long. The average size corrections seems to be between 3 and 5 weeks. The botom of the current correction is found in week 4. As the price is also holding a critical support level, the probability of this being the bottom is incredibly high....

FetchTeam

Almost 2 months ago, I created a post about this stock, which was a follow up on a previous post. In those posts, I made it clear (hopefully) that a reversal for the stock was comming. Now I want to make a post where i say its time to sell the stock to take profits and close the swingtrade for those who took it. I am still bullish on the stock market for...

FetchTeam

Bitcoin has one clear level to break, which is the resistance of 30k to 32k. I'm observing that more people are starting to become bullish on Bitcoin, especially now that there is bullish news coming out, regarding the ETF of the biggest crypto today. I do believe that it is too early to celebrate. As we can see on the chart, Bitcoin has already tried to break...

FetchTeam

The S&P500 has hit our first target a couple of days ago. Now the price is at the lower level of the resistance zone. This could mean that a correction is due. I believe that the resistance will be either broken or held at the end of the week. In this case, the most likely scenario is that the resistance will hold, and that we'll see lower prices for the...

FetchTeam

A couple of months ago, I posted an analysis of Domino's Pizza. At that moment, a double bottom was formed. At this moment, a slightly lower low was formed, creating a bullish divergence on the weekly rsi. We also spoke about the buy singal on the Fetch Buy And Hold Indicator , which was the first one since 2008 I was also talking about a sideways period for...

FetchTeam

It has been four months since my bottom call of the QQQ (the purple vertical line) . In that post i've discussed two types of correction. One of the scenario's is on the chart still. For the other, see my previous post . It looks like it is time to take some profits from that trade (if you've managed to take the trade four months ago), as the price is touching...

FetchTeam

As I predicted on my previous post, the bottom of Bitcoin is most likely in. This means that is time to talk about targets next! The price has to breach the resistance of the falling channel first, but that is only a matter of time. If it breaks, and I believe it will do so soon, The price will go up to 31k first. The next resistance are 33,7 and 37k. So far the...

FetchTeam

So far, Bitcoin is following the 65 daily cycle perfectly. Ofcourse, not all cycles end in exactly 65 days, but it gives you a good idea as to when a bottom may occur. The last green arrow was placed at day 65 from the bottom. I believe the bottom was found at day 63 for 3 reasons: - The price was close enough to day 65 - Bitcoin created a hammer candle, which...

FetchTeam

In my last post, I was talking about a bottom that will occur around mid of May. My opinion still hasn't changed. In fact, I believe the bottom is days away. According to the Bitcoin cycles, a cycle last on average 65 days. As this is an average, it is never an guarantee you'll see excactly 65 days. The last one for example lasted 70 days. We're now at day 59....

FetchTeam

It took Gold almost 10 years to make new all time highs, which it did in Juli 2020. Since that moment gold has been trying to create a period of new price discovery. I believe we're almost there. Price discovery means that the price is confidently breaking new all time highs, which usually ends in a parabolic run up. The previous all time high is technically an...

FetchTeam

From the start, I thought 27k was unlikely to be a real bottom. And with real bottom I mean the bottom that would kickstart a new uptrend that would take Bitcoin back to 30k. So knowing that Bitcoin takes roughly 65 days to complete a daily cycle, the bottom of April 23 was not the real bottom. However, I believe that the next one is near. I expect it will happen...

FetchTeam

What is so amazing about a chart that fell roughly 50% in 1 year? What we're seeing right now is a textbook falling channel structure. In general a falling channel consists of 1 resistance line and 1 support line in which the price oscilates between. There are 4 lines on my chart. I'd like to add an extra support and resistance line in order to create more...

FetchTeam

Crypto moves in cycles. For example: Bitcoin happens to find a top each 4 years, meaning a complete Bitcoin cycle contains of roughly 208 weeks. In those 208 Bitcoin goes up and down, creating smaller daily cycles. Bitcoins daily cycle consists of approximately 65 days. In the bull market, which I believe we are, The tops of those daily cycles are found past the...