I have created this kind of chart in the past with some assumptions that were not exactly correct because I took into account the unit price of BTC and not the market cap of it.
This analysis and prediction is based on logarithmic theory and market cap actualization then divided by units in existence, which basically means the following:
BTC marketcap by...
Based on Fibonacci extension levels with logarithmic scale and adjusted levels.
We should see a $300k per BTC later in this year after which the Bear market should kick in.
Everybody is taking into consideration either the exact 4 year cycle, or lengthening the cycle, but what about shortening the cycle and punching double log milestones? It's not like it is unheard of in bitcoin history, 2013 was the year of a double logarithmic rally, first $100 (top spike at $300), then total bust back to $60 range and then rally to next...
We have broken through the tentative (ugly looking but still valid) ascending triangle and are in clear bullish scenario.
What I am showing with this chart are the targets for next higher highs with really (and I mean really) rough trajectory of price movement between the waves.
The foundation for this is found in the trendline which I drew a while back and that...
Bullish and bearish scenario in here.
BULLISH: we are repeating the previous breakout with ratios taken into account - this would take us to $10,300
BEARISH: we are forming a rising wedge and will fall down hard to find support in 6000-7000$ region
Personally, I think bearish scenario is more probable but only time will tell.
Please note that I am not a...
So I still start from the assumption that the bullish trend structure is intact. The pattern, if correct, is clear and according to this idea we will have a continuation of the upswing on a weekly basis (46 bars 4h chart = 7 days and 16 hours to be exact).
I have drawn the yellow candlesticks as a representation of how it will play out and light-blue one that will...
Bitcoin - yeah, everyone is waiting for that correction, I don't think it is coming in the following days and here is why:
1. We are in small correction phase and volume is LOW
2. Bull flag formation visible with really small swings
3. Small swings confirm that 0,236 Fibonacci from last pump is holding
4. Confirmation of the idea is easy, just under 9k is the...
Starting from the assumption that we are in consolidation, we are soon to see a big move on the market, the only question is in which direction. I have drawn a macro trendline and on top of that asimetric green triangle as a bullish triangle break scenario and almost simetric bearish triangle break scenario. The bullish one is more according to technical analysis...
