jasonio

jasonio

Last flush out of new retail investors over the next few months?

jasonio

After such a deep sell-off we've seen the market nervous for the last month with short sharp rises and falls. I think we may see a gradual return to confidence over the next two months following tweets from you-know-who. Plus the moving averages seem to be moving back to a positive formation so this may give it a small boost. I think we may see larger, longer...

jasonio

Bullish uptrend (shown green) originating from before the main bubble has offered support 3 times since the recent correction. Even though we are currently in a parallel downtrend (white) we may see a change in BTC's fortunes by week end.

jasonio Updated 

Historically, it seems that only a few weeks after a recent ATH, the Squeeze Momentum indicator predicted the beginning of a bear market with the first dark green bar. This weeks bar is currently showing dark green. I think the big move up or down is likely to happen before Sunday. Not financial advice.

jasonio

A major downtrend formed earlier this month (see my previous idea back in April predicting a correction). BTC has continued to retrace its steps after failing to find intermediate support at the 20 week EMA. (It fell below all major bullish trendlines) If confidence can make an early return and break above the bearish trendline we MAY see continuation of the bull...

jasonio

The logarithmic view suggests we might have only hit the first post-halvening Bullrun pullback. Approx. 240 days between halvening and first pullback is a similar event to 2017. Time of year is different, however. Is history is going to repeat itself? I wish it would but I don't think it will. In the normal chart view, it looks like BTC has already peaked and...

jasonio

We are reaching a point where price could change dramatically. As usual it could go either way!

jasonio

Third bubble about to begin? What do you think?

jasonio

This is my opinion of BTCs long term price movements if they continue to follow the pattern of the previous few years. If they drop below the lower bar of the green channel I think BTC will head into unknown territory.