UnknownUnicorn1375590

UnknownUnicorn1375590 Updated 

BTC had a spectacular Q4 2020, with a 4x parabolic move. Even weekly RSI went above 90. In Jan, consolidation has started. You can see the price in a descending triangle as shown in pic. This pattern is likely to break bearish. Over Feb-Mar, I speculate the price could drop towards 20K. This is only consolidation on the Weekly timeframe after a parabolic...

UnknownUnicorn1375590

Macro outlook has changed since last year. Fed carried the QE for too long. Surplus easy $$$ caused 40yr high inflation. Now, fed wants to fight inflation with QT. $ not going to be easily available. GDP is already down this year. Few big companies are missing earnings. The index chart has printed a HnS pattern. Further downside is a reminder of 2008/2000 bubble...

UnknownUnicorn1375590 Updated 

Showing here a comparison between ETH bull runs in 2017 and 2021. Long bull run, pausing into a bull flag / equilibrium pattern / ascending wedge structure before further continuation to the ATH peak. Same price action is playing out this time. Expect an ATH above 10k by new year '22.

UnknownUnicorn1375590

SHowing here the BTC / BLX chart in the monthly timeframe to show the entire available price range. In the log chart, the price action follows cycles of breakout and consolidation. There have been 3 cycles so far, and we're getting ready for the 4th. Each breakout and consolidation looks like a bull flag in the long term log chart. The consolidation is 1/3rd of...

UnknownUnicorn1375590 Updated 

In the last 2 mo, BTC rose up from 7K to 10K. The rise was helped by the Iran news and the coronavirus news. It appears that the momentum is losing. An HnS pattern has appeared on the chart as shown. It suggests a downside to 8K over the next month. There is a chance that the HnS pattern does not immediately lead to a downtrend. In that case, BTC may retest the...

UnknownUnicorn1375590

Other posters have commented on the HnS pattern in BTC and it's possible breakdown below the neckline. I want to point out the HnS pattern in LTC that has already broken down below the neckline. A brief test of the neckline didn't hold for long. During the 2019 rally, it was pointed out by Charting Man Dan from theChartGuys that LTC was the lead bull. (Verify for...

UnknownUnicorn1375590

A few others on this forum have predicted that the recent HnS pattern in BTC could lead the price below the neckline, towards the $5K territory in the near term. This stretch agrees towards a longer term equilibrium pattern devloping in the BTC price. High of $20K, low of $3K, lower high of $14K -> higher low of $5K, lower high of $10K, higher low of $7K. The...

UnknownUnicorn1375590 Updated 

BTC has had a good run in 2019 climbing from 3000 to 9000. Who'd've thought that after the 2018 butchery? This 2019 climb is a reminder that BTC isn't dead, it isn't going down to 0. However, I am speculating that the 2019 run looks to be coming to an end. Over the rest of 2019, the price consolidates. It remains to be seen how much it's going to consolidate....

UnknownUnicorn1375590 Updated 

As you can see, BTC has been trading within a descending wedge during late-May. This pattern could continue to tighten for another week with another test of resistance levels at 9 - 9.5 K. If BTC struggles to get past 9.5K, the wedge pattern would break bear sending BTC back to the 7K region.

UnknownUnicorn1375590

ETH was in bull flag in 2016. Broke upwards violently in 2017. Massive HnS pattern in 2017 and 2018. Expecting right shoulder to complete in 2019. Recovery in 2020/2021. I hope to have investment cash by then!