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After completing Bearish 3 Drives which indicating price drop BTC created another harmonic pattern called Bearish Total. Here's some numbers: AB to E extension - 1 AB to C extension - 0.78 BC leg retracement - 0.78 Now important stuff - I expect max price drop of 0.61 retracement of DE leg which comes around 9200, but that might change as I see BTC in strong...

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BTC is in progress of creating Bearish 3 Drives.This is totally Harmonic Pattern based on Fibonacci numbers. What is interesting in this set up is the fact that if BTC price reach 3rd drive at point F on chart we will automatically get Double Top. Another thing is that BC leg extension at point F is hitting 1.61 fib. So point F will be completion of Double Top,...

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Nothing less nothing more - Bearish Gartley on 1H chart.

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Quick and easy Head and Shoulders

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I’m sorry for being bad boy and lying to You. Been calling bitcoin drop to 5800 for a while now and looks like been wrong again. All that TA prediction game makes me look like a fool. The truth is ( and this time I swear I know it for sure ) our lovely BTC will drop to 5400. The reason for correction in drop is massive falling wedge which is claimed, can be seen...

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Look at the chart and ask Yourself - Hey, how do You think where price of BTC 0.88% is most likely gonna stop and reverse? “Oh, I like trend lines and I see weekly chart and I see that BTC 0.88% proved this as I strong support in a past so this time it will hold my lovely BTC 0.88% as well.” I tell You something - stop lying to Yourself - BTC 0.88% pierced trend...

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Just to say Happy Easter to all of TRADERS. Let's hope that Easter Bunny "BITCOIN" will jump so high that will land on the MOOON!!!!

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How all that happened that we got that beautiful pattern Bump-and-Run? Well this example proves that one pattern can be a made of many patterns and trading is just a process of following breakouts from one formation to another. So let see which formations made B&R. First was Adam and Eve Double Top which was almost a book pattern with all measurements on place...

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Hope everyone who has argued that there is no Cup and Handle on chart, can see it now. For those who's going to deny - on Your left is a Cup and on Your right is a Handle. That formation telling that as soon as we break conformation point - blue edge - BTC is going down.Average decline from breakout is 16%. Pullback occurs 54% of time. There is 47% chances that...

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Here is quick update to BTC price action. As You see on chart we have Broadening Wedge - Descending which is a part of handle in C&H (inverted). Price behaves correctly - at least 2 touches on top trendline and 2 touches on bottom trendline. This pattern most of times finishing with upward breakout but that happening during bull market - and we are certainly not...

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Another day another update on BCT. Price is moving in descending triangle which you can see on 1H timeframe. This is another pattern within another pattern which is a part of another pattern and so on. The point is that this type of triangle suggests future price drop. Here are the stats for you: Average price decline after breakout is 25% and if you remember...

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Discounted LTC on horizon. If price will stay in wedge and reach bottom line once again we all can benefit from that price drop and buy LTC for as 104$ per one. All we need is BTC to drop to 6 or 5K and we all will be happy. However if we experience partial rise and price recover and break top trend line at 155 level - well that is probably not gonna happen so no...

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Just forget about 9000, 10000, 14000 or 20000 for now. Concentrate on price round 6000 or 5000 for better results. BTC is forming coup and handle pattern. Here are statistics so You can prepare Yourself for price drop. Average decline from breakout is 16%. Pullback occurs 54% of time. There is 47% chances that price meet target - it’s not much but it means 1 in 2...

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This idea is based on math. So far all works as expected. Let’s see how math’s works on chart below. Average price decline on Double Top Adam and Eve is 22%. Our DT was 22%. While DT was created it developed bearish flag. Average price decline to flag is 26% - our was 36%. From flag top to bottom of formation average decline is 25% - our was 29%. Change in price...

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LTC/USD is forming falling wedge pattern. All in place: **Price Trend** — Can be any direction leading to formation. **Shape** — Price follows two down-sloping and converging trendlines. **Touches** — Price should touch channel at least 5 times - 3 touches one side and 2 touches of the opposite side. **Volume** — Trends downward 72% of the time. **Breakout** —...

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BTC is on the way to form Bump-and-Run pattern. Items that match pattern: *Rising trendline - A trendline connecting the price valleys rises upward usually at 30 to 45 degrees, but this varies with scaling.(our has 26%) *Lead-in phase - The lead-in is the section at the start of the pattern and it precedes the bump phase. Price follows a rising...

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LTC/USD forming ascending triangle. All in place: Price trend - Can be any direction leading to the chart pattern. Shape - Triangular. Prices move between two converging trendlines. Trendlines - Two trendlines bound prices; the top trendline is horizontal and the bottom one slopes upward. Crossing - Price must cross the pattern from side to side, filling...

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BTC/USD is forming Double Top pattern possibly Adam & Eve Double Top. Pattern becomes valid once brake support which is bottom of valley. Al in place so far: Price trend - Upward leading to the pattern. Shape - Two distinct tops that look different. Adam tops appear first and are narrow, inverted V’s but Eve follows Adam and is more rounded looking and...