Very Interesting fractal to 2015. In 2015 Btc also had a steep fall from the 50MA Daily like we had from 6k to 3k, then it bounced of 200MA Weekly, went up to the yellow line, drop, then go to 50MA, make higher high and drops to retest the bottom............creates a double bottom, then springs through 50MA Weekly and the bull market started. Now we are very...
I've been analyzing the SPX for quiet some time now, and there's some patterns that I keep seeing with bubbles bursting that seem to appear in the SPX in this area. First of all, I want to draw your attention to SPX back in 2007-08, when the bubble burst. The SPX formed a double top (ith the second top just a little higher than the first one) then fell quickly,...
We exited the down trendline formed and tested since 20,000 on the daily. This is actually pretty solid for Bitcoin. However because it's been such a strong trendline for the whole of 2018, I believe it MUST be tested, wether that will be in the next few candles or 30 candles later, it's hard to tell. What important to keep in mind is that the more candles pass,...
Personally speaking, I dont quiet like the movement of BTC here. It reminds me a lot off the no volatility period at 6k before the fall. It's waiting for daily 50 MA to drop, once price hits it, price could collapse again, that's what it did at 6k. (If you back test, you can see that price tried breaking above 50MA twice, it failed, then just waited for 50MA to...
it has been a long tim esince the last update, but if you can remember, I said that even a drop to 1100 would be considered healthy by TA standards, as 2017's run actually started from around those levels (and there's alot of TA support in that area) So having a stop at 3 (200 WMA) makes sense, the drop from 6000 was very violent, some would say that was the...
Monthly 20EMA has seen BTC bounce 3 times off it. with this month being the third. I believe that if this monthly candle closes above 20EMA and in green, the bottom is in. If however the candle closes in red, even if above 20EMA, we may have the capitulation in November and start the new cycle afterwards. If you think this is pretty useful, please give a like to...
Wow, this one is really sad. This trendline worked as a support/resistance up until the current bull market that started in October 2016, from there on we went on a ballistic move up and are now correcting. If we really need a correction to destroy everything rubbish in the market, we can go as low as 800 USD ACCORDING TO THIS LONG TERM (2013) TRENDLINE. To be...
I think the title says it all. On a log scale (makes sense to use this scale when looking at history because we've been growing exponentially tbh) I found a trendline that was hit 5 times since Bitcoin's drop to 110 USD in Jan 2015 (?) according to Tview graph. If we do get a capitulation (And we normally should, unless the Feb V is the only V we need), according...
This is interesting, despite BTC keep hitting its head into that black trend line for the 5th time last month (and crashing after that), it seems we are making higher lows since June's low of 5750ish. This creates a wedge that could break either way. I guess this is a reinforcement of my previous post that this is a no man's land at the moment. The reason to think...
Hello Crypto Crew, I want to quickly point out the suspicious spike in shorts on 8.00, 2 Sep. 110k shorts were opened in a few hours. Price kept rising nicely for a few days until the sudden selloff from 7400 to 6300 in few hours. I don't think it's a coincidence. I have a feeling this could a plan to short the lower top (7400ish) by the big guys, and cover the...
For me the graph looks pretty bullish long term. After 6 months of bear market and constant selling, there seems to be less and less sellers every week. Last few weeks BTC is consolidating aroun 7-8k, just above the bottom of 6k. This screams accumulation at low prices for me, and not distribution/selling. Plus the Daily SMA is very supportive and has been at...
Hi Everybody. Let's jump right in. The reason why I'm looking at BTC price is because I actually want to time an entry in alts. So remember this, when Btc moves up or sideways, that's good for us. We can buy alts. First Let me explain what the chart is showing and analyse each apart of it: 1-The downward trend-line: That's the Downwards channels Top. It has been...
Predicting Bitcoin short term is pretty difficult, lorra waves created to shake out little fish at the benefit of the whales (i.e when all fish feel bearish and short the market, the whales come in n squeeze them. when all feel bullish and fo long, the whales most probably will come in and destroy their longs and short sell in their buying orders. I feel...
Today is a big day. We broke the log downtrend channel yesterday on BIG VOLUME and if we close the 1Day candle above it then that for me is confirmation (at least in the short run) that we are good to go up and above here. The next stop could be the Fibonnaci 0.5 level at 9090, it'll be interesting to see how BTC reacts there. Anyway, it'll most probably be just...
Hello Peeps! =D WOW! so the short squeeze happened, if we look at the BTCUSDSHORT graph (type in top right on your tview charts)), we could see that number of Bitcoins shorted went from 40k to 27k (30+% down) in 2 hours, and hit a low at 23k. However, what's next? Looking at the graph, we see that the BTC is above the Bear Channel, and was above the trend line...
why would this be the bottom if black trendline not tested.... perhaps creating a lower high? Or actually created a higher low 20EMA support now 0.786 fib big bounce point at 7300 bull flag seems to be formed ...all these lead to short run bullishness (especially the G20 News) Question.........where will we decided wether its a legit bull movement and were...