theeverythingbubble

theeverythingbubble Updated 

Hi Everybody, Bitcoin price pretty blah lately, but we're rattling around inside of a symmetrical triangle, with a breakout imminent within the next few days. Bullish action on the 14D RSI, and in the last 7 years once below the 135DMA, Bitcoin has not gone more than 117 days without being reunited with the 135DMA, so considering we're currently sitting at 82...

theeverythingbubble Updated 

What's up TV friends, a lot of people talking about cashing in on equities - however, even though it seems like they are expensive, a long term view of the market shows that we're still at the bottom end of a long term channel. We've seen extremely overvalued, extremely undervalued and we're definitely neither at this point. I'm expecting a strong finish to this...

theeverythingbubble

Just by glancing at this chart, I can tell you will 99.999999% certainty, that BTC still has a long way to fall. Sure, it could rally and fall and rally and fall, but the end result is going to be BTC at or below $34. There is a saying on Wall St . that I have cited many times as an analyst here, but it applies now more than ever. "Never try to catch a falling...

theeverythingbubble

Bitcoin overdue for a move up, here's why: 1. Looking at the long term weekly log chart, one can see that we are currently moving toward the bottom of the downtrend channel. It is very likely we bounce off the bottom of that channel. 2. RSI is in the toilet, the only times in the past where it was this low were excellent times to go long. 3. Elliott wave theory...

theeverythingbubble

After dropping suddenly to the mid 3’s and then rebounding above 4 everyone all of a sudden calling the end of the bear market. Bearish pennant about to breakdown; Bitcoin wants to reach the bottom of the channel: $3k looks like it is our next stop. Also, the pattern we are currently looking at does not look like a bottoming pattern to me; maybe a temporary stop...

theeverythingbubble

Here we go again... Bitcoin just closed out the week with another bearish engulfing candle. Given that and the fact that it formed a third top inside of a descending triangle (I don't mean triple top, I just mean three tops inside of the triangle) with an RSI on the way back down to the bottom indicate that we may well be headed to retest 5800. Currently the neck...

theeverythingbubble Updated 

I am actually very bullish on Bitcoin – long term. However, it became very clear to me after we reached a peak of nearly $20,000 and then corrected back to $6,000 that this wasn’t just a little correction on the way to the moon. Rather, this was a bear market…. And it had to play out. Zooming out and looking at the long term exponential rise reveals that we got...

theeverythingbubble

So, Bitcoin exploded even despite the weekly bearish engulfing pattern. Short squeeze? FOMO? Impatient bulls? Whatever the reason, we saw a quick 2,000 bump in price. Now we find ourselves in a position where the RSI is severely overbought, and it appears that unless there is some unforeseen catalyst that will push us higher, we are set to correct... the question...

theeverythingbubble

Wow! A very impressive 1,000 bounce in Bitcoin! However... I'm still not convinced. Still a lot of downward pressure. Won't be met with upward pressure until the $4,000 range. Had a similar bounce in 2014 that was met with heavy selling. We'll see how this year turns out! As always, I wish you the best!

theeverythingbubble

Hi Friends! What an epic end of the week for BTC, as the bulls failed to prevent Bitcoin from printing yet another weekly bearish engulfing candle on many exchanges. We've seen several of these during this bear market, and as you can see the following weeks aren't pretty as far as performance goes. Looking at the chart, it looks like we could have anywhere from...

theeverythingbubble

Hi everybody! Looking at the daily log chart of BTC and drawing some support lines reveals something very interesting... it doesn't appear that there is much support until we get significantly lower in price. Many traders eyeing the inverse H&S, and it definitely is there but I don't think it will hold up. Part of the reason is that there were many people waiting...

theeverythingbubble

Looking like 4,000 will be the floor. May crash below, but won't last more than a few hours.