OrigamiOracle

OrigamiOracle Updated 

The Bear trap now appears to be ending. An inverted head and shoulders is forming with the neckline at around 4200. Sine waves indicate a point of bullish coherence in a week. The Purple bar pattern is from the IH&S that formed in mid 2018 - this predicts a strong bullish recovery at the start of 2019. This time frame and SMA combination is not standard, but has...

OrigamiOracle Updated 

The recent breakout of the Bullish Pennant fell through support soon after capitulation. This weakens but does not nullify the significance of the upward break, and the bull flag is conserved. The local Gann line (2/1; yellow dashed) should provide longer term support after the recent test of local highs. This could be the end of the H&S and the end of the bear...

OrigamiOracle Updated 

BTC has just completed a "NonFailure Swing" reversal pattern. See this link for a textbook example: i.gyazo.com This is a strong reversal pattern that establishes 2 lower lows and 1 lower high (as opposed to a failure swing, which establishes 1 lower high and 1 lower low). It is likely that BTC will need to test the local big even of $3,000 before establishing a...

OrigamiOracle Updated 

I've been calling for a bear trap for a long time, although my calls for a reversal have been premature. Price is currently rounding the top of a B wave following a 4 Day impulse EW set. The correction should allow for a test of the psychologically significant level of 3000. This level was tested at the reversals of EW1 and EW4 of the 2017 impulse wave set....

OrigamiOracle Updated 

Potential Head & Shoulders with shoulder forming below the previous bull channel. Shoulder would be on EW count B and indicate a bearish reversal into C. I expect a bullish test of 3K before strong growth, closing the Bear Trap.

OrigamiOracle Updated 

Third Analysis of a potential BTC Bubble Hyperwave formation. See linked charts for related hyperwave analyses on The Dow Jones and Amazon. 2 Mirrored Gann Fans (blue dotted lines) were placed with the origin at $1,000 in March 2017 and the centre at $20,000 in December 2017. Orange vertical lines indicate the beginning of 2019, 2020 and 2021. Purple horizontal...

OrigamiOracle Updated 

The recent drop in BTC fits well with the narrative of a speculative bubble. Between the awareness and the mania phases of a bubble formation, there is a bear trap. Bear traps are characterised by a dismal outlook - where price breaks through support without looking back and without any real bounce. The "trap" aspect comes into play when the market recovers with...

OrigamiOracle Updated 

The Dow Jones Industrial Index has been following a hyperwave formation since the breakout of resistance (phase 1; 1000) in 1982. The trend lines of each phase have held firm, without a clear and maintained breakdown - until the recent break down of phase 4. The blue bar pattern is taken from the DJI during the Roaring 20s and subsequent great depression. This...

OrigamiOracle Updated 

Third Analysis of potential Bear Trap H&S Reversal. Key: Vertical dotted lines = weekly close Vertical dashed lines = mid week point Horizontal purple lines = Fibonacci levels Horizontal blue lines = Price levels Orange line = 77 SMA Yellow dotted lines = Gann Fann Dashed white line = Bear trend resistance Purple arrows = Price action prediction

OrigamiOracle Updated 

BTC remains bearish, with the next short target at the 0.236 Fib at 3500. I maintain that we are at the bottom of a bear trap, and expect a inverse head and shoulders reversal pattern to establish with the neckline at 4700, the shoulders at 4000 and the head at 3500. This pattern will likely complete with the right shoulder at the end of the week. This fits with...

OrigamiOracle Updated 

The bear trap is now over with 4000 forming the head on a clean head and shoulders. On the break of neckline over 4700 I expect price to establish a very bullish trend, returning to above 6000 quickly, likely before the end of the week.

OrigamiOracle Updated 

For the past two weeks I have predicted a bear trap (rapid price drop, often caused by support break and long squeeze - followed by a rapid recovery). This is yet to occur, but I still think that it is going to happen soon, and within the window of one week. This could happen next week, as indicated by the Elliot Wave count - of which B has just been completed....

OrigamiOracle

EOSBTC is an interesting chart, with surprising underling symmetry. I'm not sure what makes its behavior unique, but I find the rigid trend lines and robotic symmetry to be suspicious. I'm also aware of the shady fundamentals regarding voting, buggy code etc. The balance point in this pattern was on 18/3/18 at the current price. The height of the triangle at the...

OrigamiOracle Updated 

The week has just closed after a short-squeeze, ending with a potential head and shoulders. This could be the result of whales pushing price through short stop losses to establish short positions of their own. If this is a bubble, which I believe it is, then we are just about to finish the Awareness Phase and Enter the Mania Phase. We have had the "First Sell...

OrigamiOracle Updated 

"Half Mast" Flag formation divided into approximately 3 day cycles. Vertically divided evenly between support at 6366 and resistance at 6490. Important interaction points highlighted in pink (bear) or blue (bull). 77 SMA (Orange) Triangle intersecting at the weekly close. Recent downward break, potential bearish continuation. The end of the week could be interesting.

OrigamiOracle Updated 

I noticed a weekly bounce pattern in the Relative Strength Index of Bitcoin. This bounce has happened 5 times, the last lining up with the USDT pump. Patterns often occur in 3s and 5s, as in Elliot waves for example. This suggests that the previous bounce on the 15th October could be the last of the set, before a new, larger pattern is established. The market is...

OrigamiOracle

Low RSI DMI = 50 Low MACD 7 SMA finding support on 235 SMA Key support level at 7000 Resistance about to be broken Local Fib level is at 7500, I expect price to move up to here before finding resistance.

OrigamiOracle

After a breakout from the neckline of an inverted head and shoulders, price has come in contact with the Gann fan drawn from the descending wedge pattern established during May and June. Price looks likely to drop through the local support of 6000 and bounce off of the 0.382 fib level at 5000. If the downtrend resistance breaks down price through 5000, I expect...