Area of consolidation between $14.000 - $11.000 for a good bullish rally on Bitcoin, maybe for the incoming year. We always need to think about the throwbacks and special zones where it can come and have a position ready to be taken. I hope this levels can help you out as I hope this can work for me in a long term. Special areas for major throwback (less...
So bitcoin is once again reaching an important area of %Volatility, which precede historically a massive trend. 23 Jan, 2017, %Vol 0.75, begins an expansion of 80% 3 Apr, 2017, %Vol 1.39, begins an expansion of 1800% 22 Oct, 2018, %Vol 0.40, begins a retracement of 52% 25 Mar, 2019, %Vol 0.70, begins an expansion of 250% 9 Sept, 2019, %Vol 0.90, ...
Nice moment to refresh this theory, after a massive absortion of offers by market marker's bot, yesterday. A nice observation is to see that double capitulation in an accumulation phase, as a fractal on price. Expecting at least two months of low volatility just before a new trend is decided. Time will be the judge!
As long as Bitcoin started to break support lines on lower timeframes, I can see an important situation for a healthy correction. Bitcoin touched a double top created on Oct 26 2019, consuming all liquidity the wick has created, so the price has feeling it, and now we can see the beggining of a potential correction. To maintain this bearish position, we need to...
Siacoin formed a Falling Wedge, this is a bullish-continuation pattern with an accumulation at the bottom and a rising volumen. Actually broke the accumulation zone, maybe we would see a retest on 105 sats. Target: 61% Fibonacci Extension or beyond. Siacoin have a Hard Fork on 31 Oct. A good zone to buy and hold.
Stratis has officially broke the accumulation zone with a very good volume. This move give us a pullback and now is a interesting zone to buy and wait for this three good targets, obtained from Fibonnaci.
ARK is fulfilling Elliot Waves. Theory suggest Wave C (correction wave) can be even more largest than Wave A. ¿Why I think this is the end of Wave C? Because we can see an accumulation at the bottom of Wave C with a range of 27%, for almost two months; this can be extended and prices can fluctuate on this range for a few days/weeks more before a bull season, that...
ARK is fulfilling Elliot Waves . Theory suggest Wave C (correction wave) can be even more largest than Wave A. ¿Why I think this is the end of Wave C? Because we can see an accumulation at the bottom of Wave C with a range of 27%, for almost two months; this can be extended and prices can fluctuate on this range for a few days/weeks more before a bull...