trojan_hearse

trojan_hearse Updated 

I have been thinking that the current rally is nothing more than a very large bear flag , with another sharp drop incoming shortly. Interesting to note that current trend lines of recent peaks and troughs line up with key points on the previous 2017 bull cycle. Perhaps this gives an indication of where the bottom of this cycle could be? Also, we know that BTC...

trojan_hearse

I've taken an interest in charting crypto over the past year. Given, what I think, is an increased correlation between crypto and main indices I thought I better take a look at some of the main players. I was genuinely shocked to see the state of the S&P 500 on the macro chart. It looks to me like a huge blow off top, with staggering exponentional growth since...

trojan_hearse

My thoughts and speculation on near future of BTC. Certainly, we are in a bear market, and have been since the previous ATH. I see that we are currently in a clear, narrow descending triangle that doesn't have too much longer to play out, but could be further downside to near that key 30k resistance prior to break up to somewhere around 41k. That break up will be...

trojan_hearse

I see further down pressure on BTCUSD. Broadly, I see a wide downward channel that can be charted back from the ATH in April. More immediately, I see a sharper downward channel from the recent bounce. RSI is making some pretty patterns which converge with hitting key levels of support in Mid-Oct. I think we will go 45k > 35k > 40k > 30k before any sustained...

trojan_hearse

The recent peak of £42.5k was nicely in line with the previous downtrend we can follow right since the ATH in April. It would take a massive effort to break that wider macro trend and the volume, whilst it appears to have increased a little recently, doesn't compare when looking back to the turn of the year. Today's rally looks to me as though it's going to top...

trojan_hearse

Have we now hit the bottom of the immediate downward correct? From my perspective, it appears so, although a delicate time over the next 24 hours to see if tentative steps can be made onto the upward trend channel. Potential targets are £32k, £34.5k and £36.5k. I believe ultimately a big bearflag will be formed and we'll be back on the downward to targets of...

trojan_hearse

Nice pump over the last couple of days, which provided a big leg up from previous sideways movement at just under $60k. Does that previous consolidation demonstrate the market is slightly more considered and patient during this bull run? I anticipate another period of consolidation between $62.5 and $64.5 before the next leg up to around the $70k mark....

trojan_hearse Updated 

I believe we are currently in a brief reconciliation period for BTC, for which I am taking a very small short position, but overall outlook remains highly bullish. I anticpate a bounce around the key support level of £40k ($55.5k USD). Upward trajectory will be defined by the upcoming waves in the next day or two. I'd forecast the next pump to take us to around...

trojan_hearse

Hi all. I'm a new recruit here, only getting on the BTC bandwagon a few weeks ago. This is my first published chart... too many lines??? Onto the analysis, from my perspective it appears the bottom of this 3rd consolidation has been reached, and waves seen over the last few days point towards direction of travel for the next pump. Target estimated around the £48k...