zippy1day

zippy1day

I think this chart goes some way to explain the bearish sentiment in some quarters, but if we are on a "Bull Run" it is also not hard to expect $48/48.5K as a realistic target in the near term! *PnF = Point and Figure school.stockcharts.com

zippy1day

It is blatantly apparent to me anyway that this pattern is playing out according to script and so I no longer have reason to be bearish in the near or medium term future, of course "Black Swan" type events may cause temporary concern! NB : the thick green/red horizontal line is the 1458SMA where the bitcoin price is trading slightly below at the...

zippy1day

Whether it be Double Bottom or Symmetrical Triangle $22.6K ~ $23K looks possible short term which for me would indicate a sign of strength in the accumulation phase!

zippy1day

The market desperate for dollars but the Banks paying too higher price so needing "Credit Line Swaps" it is alleged ~ so lets stop all this and have #Bitcoin instead! See film clip below as lots of fun! Classic film analogy of market conditions 'A Dollars More' scene(clip) :- youtu.be

zippy1day

The fight is now on to get out of this trading range, so pay particular attention to the DXY this week(s)! Adam & Adam Double Bottom :- thepatternsite.com Targets as per chart both absolute and Bulkowski.

zippy1day Updated 

I am looking for one more test around $18435 before some sort of bounce and enter the Spring Bull Market for bitcoin! This should be confirmed after the break of the "Falling Wedges" upper diagonal price yet to be determined? Rising Wedge:- thepatternsite.com Bulkowski Falling Wedge formula :- Highest high or B + ((H – L) * 70%) B = The breakout price which is...

zippy1day

I think it is time for another update on the path of Wyckoff accumulation #2 www.wyckoffanalytics.com

zippy1day

Rising wedges generally fall while falling wedges generally rise but never assume its a 100% certainty! Rising Wedge :- thepatternsite.com Falling Wedge :- thepatternsite.com

zippy1day

It is a smaller time frame but we did make the Bulkowski Down Target! Bulkowski Adam & Adam Double Top :- thepatternsite.com High : $20465 Low : $19733 Formulae : L - ((H – L) * 73%)

zippy1day

It is apparent from Volume by Price the "Demand" levels have been significant! Rectangle Bottoms :- thepatternsite.com

zippy1day

Is the "Bear Winter" over as we have broken its trendline? In order to continue we may have to see further weakness in the DXY!

zippy1day

As posted in previous charts we look set to test "Last Point of Support" hopefully for the final time! Symmetrical Triangle :- thepatternsite.com *LPS

zippy1day

We are still maintaining Schematic #2 path, but these levels around $18500 need to hold in my honest opinion! Wyckoff Method ~ www.wyckoffanalytics.com

zippy1day Updated 

In conjunction with the "Confirmed" triple bottom(shelf) I can see a symmetrical ABCDE reversal pattern and issue provisional targets as per chart! Symmetrical Triangle :- thepatternsite.com Triple Bottom :- thepatternsite.com

zippy1day Updated 

Yet to confirm as we have not broken the green line at $19509 Triple Bottoms, up breakout H=$20025.50 L=$18157 Formulae : H + ((H – L) * 74%) See link for details :- thepatternsite.com

zippy1day

Like Bitcoin we are looking for a breakout and I guess like all hard assets we are waiting to see how the DXY opens up? The impulse down to form C seems to be valid! Bulkowski Link to Diamond Bottoms :- thepatternsite.com NB: calculation for up target estimated breakout.

zippy1day Updated 

As with the first leg I see similar levels for bitcoin to target.

zippy1day Updated 

It is quite apparent we are reaching a critical point for the dollar which impacts on all pegged currencies including crypto! All targets on the chart subject to derogation of price through pullbacks and break levels! thepatternsite.com