This image is of a kangaroo pattern. Just like a kangaroo in the top paddock, you will find many bulls associating with this pattern, as they are both fond of the top paddock. When you see a kangaroo pattern, you can be sure that the price will race up as the kangaroo is ready to take another bound. The paws sometimes rest on the 0.618, but they are known to...
Here is an updated chart analysis for you to read. Monthly - Green candle ascending, increasing volume. Stoch RSI descending at 44.78/52.18. Bullish. 2wkly - Green candles ascending, volume may be increasing (too early to tell). Stoch ascending at 18.62/9.38. Bullish. Weekly - Green candles, volume seems to be increasing. Stoch...
Today's Analysis: Monthly - Red candle forming, following a decending pattern. Volume has increased with the descent too, and the Stoch RSI is still descending at 44.91/52.06. Bearish. 2wkly - Green candle, and plenty of room to move up, with the volume starting off with bullish momentum. Stoch RSI is ascending at 18.02/9.17. Bullish. Weekly - Green...
INTRO G'day. I decided that I'd add a feature for you to look at (no, not the chart, but the information), and hopefully it will help you make a decision one way or the other which way to trade on the bitcoin chart. What I'm doing is providing a snapshot at a said instant of time. Due to time differences, I won't be posting a time, even though I'm aware that...
Here's a look at the recurring patterns that Bitcoin employs. Yes, Elliot picked the waves, and fractals are all around us. Here is the funny thing that makes Bitcoin unique. I'll post below it other charts of the same picture, but on differing timeframes.
Considering there was an inverse head and shoulders leading into this pattern, I've an interest in what people think of this head and shoulders pattern. I'd like to know your thoughts on firstly, 1) Do you consider this a fair head and shoulders, 2) if so, do you see a relationship to any heights within it to how far it will settle, and 3) if not, what are the...
A good friend stated a thought. He said "It looks to me like it's one massive head and shoulders." Since he said that, I decided to execute the noise of the buying period. Of course, it is speculative, but it seems to match what is happening on a few different angles. Here is what it would look like if we give the head a haircut. Based on this, I'm on a short...
Here it appears that we have just seen a double-top. If so, we can expect the breakdown to around 7xxx-8xxx mark. From there, it may bounce up and if so, we will have to watch to see if it falls back down to form a head and shoulders. IF it forms the head and shoulders in the future, then we can see a dip to 4xxx mark approximately. From there, I see the rise, as...
I posted a video a while back stating that I thought BTC was going to fly, but that it would dip first. In the video, although I didn't state how far I thought the dip was going to be, I pointed it out at the levels of 2018 and 2019, as a support line. Well, I think I was wrong. Very wrong, and here's why. Here is a pattern from just before now. In the attached...
Considering the support and resistance lines, I'm of the opinion that we are about to have a breakout upwards. Now, this isn't guaranteed, but looking at the lines of support and resistance from days gone by, we are at a breakout point anywhere between now and the next three days. I am keeping my finger on the pulse for a potential upwards movement before...