MartinArm

MartinArm

A huge bearish rising wedge and a death cross. What follows next is a huge crash on shorts while BTC long mooning to Jupiter!

MartinArm

I'm loading up on XLM. It has been dumped down to support level that has held strong since June 2018. Bullish divergence on the RSI and a bullish crossover on the stochastic. Just a matter of time now.

MartinArm

The Chinese Lunar New Year has so far played a very important part in Bitcoin history and possibly its future price. Four years cycle is the average time we will witness BTC boom and bust. I will highlight BTC two of the four-year cycles. Back in 2010, there wasn’t any market for bitcoin. It was loosely traded among geeks and nerds. It was on May 22, 2010, a...

MartinArm

BTC has never breached that 200 DMA since 2013 and I doubt it will ever breach it in future. And I do forsee it test this level in the coming weeks for a possible double bottomed recovery sometimes in Feb that will herald the begining of a new 4 year trend. The level of adoptions in crypto and btc is higher compared to the last 10 years. There is vastly more...

MartinArm

I definitely belive that btc has bottomed at that 200 dma of $3127. It could retest that low before a hard rebound.

MartinArm

Using logarithmic pattern it seems that the likely bottom for BTC -1.87% is around $3000. This coincides with 200 weekly moving average. The curve red line represents the 200 weekly moving average. I drew two yellow lines that represent support/resistance on the chart. It rest at $3050.

MartinArm Updated 

As it turned out the jump in price on Sunday was a dead cat bounce scenario. Using BTC weekly chart I can with a good degree of certainty that the final floor for this bear will be around $3100.

MartinArm

all comments welcome