Since breaking the Shiff Pitchfork Channel, all you needed to chart for a perfect trading plan, were the FIB retracements ... The recent past A.K.A I told you so! - As I told everyone before, the perfect place to long was the golden pocket of the 6400 --> 7700 wave which was sitting at the 6800 to 6900 area . - Short entries would have been correct at ...
This entire 7 month correction was made to to get rich from! And I told you how to do it from the beginning! Outcome of the Pitchfork Shiff Trendline that defined entire 7 months of correction so far (I drew this in August and published this to you in October): The Pitchfork Idea form October is linked!!! First touch: 9k and price up to 10k second touch:...
As you can see we have swiftly broken the biggest support cluster I've seen in BTC in years . However, it seems thag the bulls -at least in the short term- bought the dip closing the hourly candle within the support cluster. For now... Will the bears go the extra mile to break the support and close below it? If so, Will we find new support at our last Fibonacci...
Same Shiff Pitchfork as posted earlier in my Idea linked below is still dedicating the short term swings correcting last week's 43% pump. Hey guys, let's agree at least that this pump was worth its money, even if we retrace 50% in a few days. I mean come'on guys, I have been trading Bitcoin since 2016 and this is completely out of the ordinary. In fact, at this...
Shown are the technical pivots that had influence over the past months during the Bitcoin correction. The high came very close to the .65 Fibonacci retracement resistance based on the entire bear market from the high 19k to the low 3k levels. In fact, it perfectly hit the .64 Fibonacci level drawn on my chart. .65 is also called/believed to be the golden...
Though it is never certain how the triangle will break, more long term analysis suggests that we will break this triangle downwards to continue our over a year long bear trend. On top of that, I want to remember all of you that Lunar New Year on the 5th of Februari has always been a red day in the history of Bitcoin, with the days before and after being dark...
2821 is the price I'm looking at for a mid term bottom. This could also be the point of trend reversal, if bulls can chance the trend and close February above the 50 moth MA (yellow line on the weekly chart below). This is a medium term analysis without many confirmations from the FIB perspective, please do not take this chart for the truth and do your own research.
This is the very first public chart I made. Please feel free to share your thoughts on it.