nivishoes

nivishoes

I believe this descending triangle on the 4-hour aptly explains market movements. The markets were completely bullish after the break on the 25th. Moreover, it again rose on the following Sunday re-establishing the belief. However, the bulls have been losing strength since then, hence the formation of the descending triangle. As you might notice, I have ignored...

nivishoes Updated 

A bullish break-out from the descending line is seen for the third time. With the exhaustion of the bears and dominance over crypto markets, it seems like it will be successful this time around.

nivishoes

The target of the Bart pattern will be around $8176. Seems like to break above $8300 was a bull trap only. Also look at @sawcruhteez invalidation of the Wykoff accumulation, very useful. Leaning bearish here.

nivishoes

Scroll back to 2015 to find the location! The 200-Day Moving Average and 128-Day Moving average on the weekly has been taken as a reference for the analysis. Fact: Bitcoin did not even test the 128-Day Moving Average before. Moving on, it is likely that we can expect another huge pullback to the 128-Day moving average around $6800. However, the market is...

nivishoes Updated 

What could led to a reversal is now forming a bearish flag. The current bullish movement in BTC is et with resistance from the descending triangle. A break above could be very bullish. The target for the breakdown - $6600 However, the pattern seems to be facing resistance. The RSI has also moved higher pruning for further break-down!

nivishoes

The graph is almost self-explanatory. A perfect Elliot wave pattern in a downtrend. The correction is also complete. The Fibonacci retracement levels have been supported at each subsequent wave.

nivishoes

This is a continuation of the previous idea. Bitcoin traders have been beaten down more in 2019! Here is the proof. The surprising rise in April was not anticipated at all, soon the market saw a short squeeze. Then the traders made some profit from the rise till $13,800 closing their long orders. However, after that, the reversal above 30% and then 36% kept...

nivishoes

This is a graph of Bitcoin Longs - Bitcoin Shorts on Bitfinex. See the zero line a well. This year has been brutal for bitcoin traders. The short orders have been squeezed and now the long orders and at all yearly highs. The break above $12,000 was a significant psychological push to Bitcoin's price. Now the price has broken down below the 200-Day Moving...

nivishoes

This is a continuation of the correlation between #tether and #Bitcoin. The RSI of BTCUSD/USDT shows how the price of over-sold currently. Moreover, during the last period, there was a steep drop from the high. Two scenarios can pan out here... 1. If more USDT is burnt, RSI would rise and price can fall further. 2. Price could recover with respect to USDT...

nivishoes

The marked areas show how tether is has acted a leading indicator from the past one year. USDT DUMP first - followed by Bitcoin dumping USDT Pump Followed by Bitcoin bull run Its seems like it has stopped printing USDT for now. In 2017, this stagnation of fresh volume was met with a bearish pressure. Stagnation can mean bearish as altcoins are not providing...

nivishoes Updated 

The circled area represents a very important point for 2019. It is when the linear rise took a parabolic view. The subsequent trendlines were all broken and now Bitcoin seems to be back in the early phases of this rise. The green line represents the point when the parabolic support was broke on a semi-log scale. The blue line represents the linear trend tops...

nivishoes Updated 

The crypto-market was building another bearish break-out level with the head and shoulders' pattern till 28th august. Post that it built a bullish momentum as alts and Bitcoin started to gain momentum. However, currently, it is testing the break-out of that level. The RSI has also turned steeply. Contrary to popular belief, it feels like the bearish momentum...

nivishoes Updated 

Inverse Head and shoulders pattern identified but needs to break above $10,480 for confirmation. We're also seeing a golden cross from of shorter time-frames below 50 (Eg: 21,50...9,50 Day MA).

nivishoes Updated 

Descending triangle break-out set up! Resistances at $10,380 and $10,550. Can expect to follow the ascending line for the next few days! However, since it is at the verge of break-down tight stop losses must be placed!

nivishoes

Update to the previous chart. The break-down did occur from the bull flag, break to $10,100 imminent?

nivishoes Updated 

After failing to form a bull flag on the 15-minute, price broke below the break-out level again. But the bears couldn't take control either. The tension in the market is tightening very strongly. The Hanging Man on the 15-minute rejected another sell-off today. A new bull flag seems to be forming.

nivishoes Updated 

Bitcoin trendline analysis on a logarithmic scale. Look how the progression has found the 2017 bullish trendlines again. The noise and bubble have been srug off pretty quickly. The previous time, Bitcoin underwent large consolidation periods. However, now it has found the same trendline again after 2018 break-down! Interesting huh!

nivishoes

I am not really an experienced chartist but spotted this on the 4-hour chart. Can you validate?