OrigamiOracle

OrigamiOracle Updated 

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R:R isn't ideal but stop loss is placed below the demand zone to allow for highest probability. Long Entry: 0.00002223 Stop Loss: 0.00000001 Target: 0.00007690 R:R: 2.46

OrigamiOracle Updated 

The recent rise over the past few days suggests that the long term H&S isn't complete. A confluence of indicators suggest that the return move (retest of the neckline) could reach ~12K on September 23rd. Volume should remain low until the last touch of the neckline. See the linked charts for an explanation of this double shouldered H&S pattern. Long Entry:...

OrigamiOracle Updated 

The right shoulder broke to a higher high than the head, and the volume is higher during the ascent into the head than the decent back to the neckline. Even though this isn't a H&S, I think it's still bearish and fits with the fib fans / retracements. Typically the price target is measured by the height of the head from the neckline, placed at the break of the...

OrigamiOracle Updated 

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OrigamiOracle Updated 

This is an update to the linked weekly head and shoulders analysis. I previously thought that the projected price target from the head (blue price measurement) was too extreme. However this makes sense when considering that this could be reached at the next fib time zone (purple), which places the target at the green star.

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OrigamiOracle Updated 

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OrigamiOracle Updated 

This Potential H&S is not yet confirmed, but is tentatively valid according to the following criteria (I’ve made notes where it’s not as ideal): 1. A prior uptrend. 2. A left shoulder on heavier volume (point 3; blue star) followed by a corrective dip to point 4. 3. A rally into new highs but on lighter volume (point 5;A; blue star). 4. A decline that moves (in...

OrigamiOracle Updated 

This is analysis is an extension of the linked Elliot wave analysis. The current wave appears to be the second subset of a complex B wave.

OrigamiOracle Updated 

Short term H&S, volume not displayed on XBT chart but volume pattern is valid on XBTUSD chart. Pattern is messy and not ideal but still valid in my opinion. Hourly ADX<20 = potential trend stagnation and reversal. This makes sense for the return move of the H&S which is the ideal entry point. Target 5% below at 1111; 0.618 fib retracement of recent rally; 0.236...

OrigamiOracle Updated 

BTC has reached resistance under mid term gann fan (purple). Short term fib speed fan (pale blue) suggests support at 0.66 level for continued ascent. If this potential drop is to occur soon then this support would be strengthened by the long term gann fan (gray), the short term fib retracement (light blue) and the long term fib retracement (orange). Fib time...

OrigamiOracle Updated 

H&S structure confirmed by volume pattern (not visible here). Stop loss could be placed above head (>11122); short entry at the neckline during the return move (~10487); first TP at head-height down from neckline 9654, then 7307 and 6671. Stop loss can be placed somewhere below bottom of 4th wave of previous 5 wave rally (~<6300) on entry into long position for...

OrigamiOracle Updated 

Long term Elliot wave structure: Primary degree = Orange Intermediate degree = Purple Minor degree = Light Blue It appears that price is currently completing the 7th of 13 minor waves within the primary B wave: en.wikipedia.org Pale blue Fibonacci retracement placed with 0 at $20,000 and 1 at $1,000. Pale blue Fibonacci speed resistance fan placed with 0 at...

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I separated Bitcoin's history into 3 distinct bubbles: 2011 - 2012 2013 - 2014 2017 - Present Duration of bubbles were estimated from initial breakout to the breakout of the fib speed resistance fan. Ratio of duration between first two bubbles was applied to predict the duration of the current bubble. A fib retracement was placed between the 1 and 7...

OrigamiOracle Updated 

Dark blue bar pattern taken from 2013/14. Pale blue Fibonacci retracement: 0 = $1000 1 = $7000 0.5 = $4000 This placement captures the 1, 3 and 4 waves of the 2017 bull run at 0.33, 0.66 and 0.33 respectively (pale blue arrows). Light blue Gann fan placed with origin at $1000 in March 2017, and 1/1 at the high of $9000 found this week. Purple Gann fan placed...

OrigamiOracle Updated 

Two possible outcomes of the current wave pattern: The Orange pattern indicates a Non Failure swing correction (price didn't fail to break to new highs above wave 5). While the Blue pattern is a failure swing correction. I prefer Orange since it appears that an additional wave exists following wave 3 and before the current impulsive wave. If the Orange path is...

OrigamiOracle Updated 

Bitcoin looks ready to test $3000 before a strong reversal and breakout from the prospective bear trap. The exhaustion volatility from the nonfailure reversal on 24/12 (blue vertical) predicts a break of $3000, providing institutional investors access to a significant liquidity pool. Fibonacci retracement (dark blue) has an extended fib level (0.786) at $2959....