Tastemaker

Tastemaker

A look at BTC fractals from last dip to current dip. If past is prologue, you can see what comes next.

Tastemaker

A chronicle of the BTC journey so far with perhaps a clue as to the final pathways leading out of this mountain region.

Tastemaker

I can't help but feel we've shared this dance before, Bitcoin.

Tastemaker Updated 

Silver appears to be coming to the end of a symmetrical triangle on shorter time frames. If it breaks out and follows traditional breakout targets, we can expect that Silver will rise from its breakout point equal to the height of the triangle. This would take Silver up to the $18 line, which would also be a possible breakout of the consolidation triangle it has...

Tastemaker Updated 

To add further weight to my previous ideas on Silver (see related link below), we can see Silver being squeezed into a tight bollinger band here on the Weekly chart. Every time in the last decade the BB squeezed in this tight, Silver broke UP out of the squeeze, and the average minimum jump has been around 35%. This would bring it up to over $21 (we also had this...

Tastemaker

To add some weight to my last idea (Silver breakout from symmetrical triangle -- see related link below), we can see here a possible inverted H&S pattern playing out on the weekly charts.

Tastemaker

It's not smart of me to post bearish charts on Bitcoin when FOMO is in play, but seeing a few bearish signals for BTC in the short term (although I am overall long term bullish). Yesterday, Bitcoin experienced a correction from 11.2k down to 10k. It has now recovered to 10.7k as of now. I remain unconvinced that this will be the end of the correction. To add...

Tastemaker

In my last idea, I posted a correlation between peaking Stoch RSI levels on BTC and subsequent corrections (see related idea link below). Since Ethereum correlates with Bitcoin's movements, it is not surprising that we are also seeing a similar pattern develop, where peaking Stoch RSI is followed by a 20%+ correction period. Note that there is also a rising...

Tastemaker

Bulls have been running the show for the last week on BTC, but the Daily Stoch RSI could be showing us a bearish signal as it is now reaching peak levels. Every time we've reached this level on the Stoch daily over the past six months, we have seen a correction anywhere between 13%-45%. A 13% correction would bring us to a strong support shelf in the 9k area that...

Tastemaker

On shorter time frames (1-4hr), a bullish diversion can be spotted on Silver when comparing the lower lows on the chart to the higher lows of the RSI. This may be foreshadowing an improving trend. Feel free to check out my previous Silver chart for a long term chart analysis of Silver (linked below).

Tastemaker

Here you can see the similarities between Bitcoin's parabola break and the multi-year rise and fall of Silver from its all time high of $50 oz back in 2011 (see my related idea chart on Silver linked below description), where the decline on both ultimately formed a large falling wedge to resolve (the red dotted lines on my charts). Silver ended up resolving its...

Tastemaker

Silver is looking excellent here. After coming off of an all time high of $50 in 2011, it retraced to the 78.6% fibonacci level in 2015 and is now riding a strong support line that has held since the early 2000's. It is consolidating in a symmetrical triangle that looks bullish. Looking primed for a breakout this year. A long term portfolio hold with a lot of upside.

Tastemaker

Bitcoin is currently sitting atop the strongest channel of 2017 (Green Lines), a strong previous resistance that has now become support. However, after a failed bullish symmetrical triangle off the ATH, we can now see a bearish triangle being formed at this support (dotted lines). BTC has failed to maintain above the Daily 100MA, and has a history of bouncing off...