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Ethereum About to Wipe All "Hopeful" Bulls A Last TimeHi everyone, like the chart, follow us on Tradingview and Telegram to get started and read on! For those who have been following our charts on Tradingview and Telegram, you know we have been following this blue fractal for quite some time. Although it has some discrepancies compared to 2015, it's timing has still proven remarkable and accurate. During the uptrend, I warned our members repeatedly to lock profit on the way up as that rally will not sustain due to the negligible $5-8 retraces which is unhealthy and due that a crash was eventually coming once the 3-Drive completes and it did. Currently we are standing at the area represented in green waiting for the Hard Fork on February 28 before crashing down to $104-100 initially and wiping all the bulls remaining who believe in a A&E bottom. The deadline for the bears to make this drop happen is March 8. The bear case is in my opinion stronger than the bull case for many reasons once we drop to $128.50 and not limited to: 1. Strong rejection at 1W midband 2. Rejection at several resistance levels of confluence 3. Bear reversal through the large blue rising wedge (the last time it happened in December 2018, we full retraced down to $104-100) 4. Bear Reversal seen through a double top at $160 (double rising blue wedges) 5. Currently the 12H momentum has a death cross pending which could play out anytime in the next 1-3 days 6. Impending sell the news Constantinople Hard Fork event on February 28 We will be looking to buy the double bottom at either these two areas: Target 1: 95-92 Target 2: $84-80 Stoploss: $75 - below this level we would see most likely Ethereum resuming the Bear Market towards $62-55 with a potential wick to $44-40.
COINBASE:ETHUSDShort
by BitcoinGuru
Ethereum - Overview of the Bull and Bear Scenarios Update 2Hi All! First of all, make sure to like this chart and hit follow to get updates. Now straight to our updated analysis: Sentiment: Cautiously bullish. The bulls needs to break above the top of the bear channel at $121 and hit $130 at least to confirm the bull trend. Otherwise, although less probable we would complete a similar move down to November 2018 (see charts) Comments: Yesterday night I pointed to a potential buy signal on both BTC and ETH after seeing several momentum bull crosses and 1H 2H 3H Bollinger squeezes which gave us as I called it a moderate leg up and break up which broke faster than expected past the top of the falling wedge(s). The initial leg reached $122 resistance or 50% Fib which is also the 1D top band. Typically, based on experience, we always always see a retrace that tests the 1D midband as support which is roughly at 61.8% Fib at $111.89-109.45 which would be a great buying opportunity. Bulls: (in green + higher probability) After breaking out past the top of the falling wedge signaling a bull reversal short-term, we should be able to buy the rumor rally and sell the Constantinople Hard Fork news event on February 27. Buy/Support: $103.15-102.80 - Bought 6% or more - HIT $115-114 $111.89-109.45 - Buy 20-25% - ideal entry (For those who missed or want to add more) Sell/Resistances: $135-140 -Sell 25% $160-170 - Sell 37.5% $190-200 - Sell 37.5% Stoploss: $107 or $106.50 Bears: (in red - low probability till March) I will keep this simple as the bear scenario has been explained in our 3D Ethereum Tradingview Chart before. In summary, Ethereum is still contained in the bear channel with current top at $120 and still has a valid H&S with target $62-55 / $40. Finally, the 3D momentum bear cross and action is still similar to November 2018. ETHUSD Similarities with November 2018: External chart, please check our telegram channel ETHUSD 3D Chart Momentum Bear Cross Chart:
COINBASE:ETHUSDLong
by BitcoinGuru
1
Ethereum November 2018 Comparison Points to Capitulation at $40Hello Crypto Lovers! Please hit Like and Follow us for more updates on this chart. This chart represents a potential bear scenario based on the the 3D Timeframe on Ethereum. It shows the 3D momentum's pending a bear cross similar to November 2018. Clearly, we already broke down as seen on the chart and may start washing down towards the target of the bearish H&S at $62-55 with a wick to $48-40 in a similar manner while moving within the bearish parallel channel for a last 3rd leg down (3 Drive Pattern). As of now, the 1H 2H 3H 4H 6H 12H Bollinger Bands squeeze has spoken and in my opinion should confirm to the downside once news lows are made below $80 should the potential double bottom fail (see our bull chart in Telegram). The bears will seek for a proper capitulation of this market to punish the still hopeful bulls by selling off past the bottom of the green falling wedge and $84-80 support towards the target of the large red H&S we have been following for more than a month now. The target of the Bearish H&S is at $62-55 with a potential capitulation wick to $40-33. These areas would be ideal for a long-term investment in Crypto. I would be preferably investing there if the chance presents itself (same for ALTS). Note: We also have published the bull case on our telegram channel. Join us there to get more detailed updates. ETHUSD Bear Bull Scenarios Chart: ETHUSD Short-term Chart: See our Telegram Channel for the Chart (unable to post external chart links here!)
BITFINEX:ETHUSDShort
by BitcoinGuru
3
Ethereum - Overview of the Bull and Bear ScenariosHi All! First of all, make sure to like this chart and hit follow to get daily to weekly updates. Ethereum found support at $117, a little above our preferred buy area at $115-111 (61.8% Fib). It is bullish as it is consolidating in sideways within the tight range of $111-130 until the blood moon on January 21st. The blood moon's bearish effect can last a week or two after it hits until the end of my own custom cycle on January 29 before we see a resolution in either direction as outlined below. Bears: (in red) A potential bearish H&S would send us to $62-55 (our previous target from a month ago in case $84-80 fails as a final support). The H&S would need to complete the last shoulder with a drop to $115-111 in the incoming days and activate it with a drop to $108.50-106.00 and below by January 21st blood moon through January 29. Bulls: (in blue) - higher probability The incomplete bearish H&S and its failure which would send us short-squeezing and retesting $150-160 again and even higher at $180-190, before dropping back down to the 61.8% Fib support at $115-111. Should the bulls manage to pull that around early February then we would be following the Bitcoin 2015 accumulation phase prior to the multiyear bull trend starting sometime in March-May 2019. Should this happen we will look at buying in fully in March on a double bottom attempt at $84-80 (may bottom a tad higher at $90) and holding long-term positions (cold storage) in ALTS as well. Buy/Support: $120-121.50 - 50% Fib - Potential accumulation range for the next few months (given that no new lows are made) $115-111 - 61.8% Fib - Preferred buying range - buy up to 50% - see stoploss below $84-80 - Potential double bottom level (may bottom as early as $90) Sell/Resistance: $130 - 38.2% Fib $141 - 23.6% Fib $150-160 - Sell 50% $180-190 - Sell 50% Stoploss: $105.50
COINBASE:ETHUSDLong
by BitcoinGuru
2
Litecoin LTCUSDT - Longterm Forecast towards August 2019 HalvingLike and follow to receive details analysis and updates until the Litecoin Halving! The aim of this 1D Timeframe LTCUSDT chart is to mainly track the timing of the Litecoin LTCUSDT pair towards the Halving expected around August 2019. We are using the August 2015 halving fractal to attempt to predict the future move of the market. As of now, we observe two potential bottoms on LTCUSDT through one blue and one purple projection in this Bear Market prior to the halving rally. Short-term, we expect LTCUSDT to top around $46-47 with wicks to $49-51 possible by January 16 (Ethereum’s Hard Fork/Sell the news event) before the Bear market attempts to resume. Long-term, we expect LTCUSDT to top around $46-49 or $115-120 depending on the final bottom of the Bear Market (see the blue and purple projections) by August 2019 Halving (Sell the news event) Note: The initial pump on LTC to $46-47 (with wicks to $49-51 possible) trade setup also includes our expectation that Ethereum will break out to $190-200 and that ALTS will mirror Ethereum's move, so please keep checking the Ethereum-Short-Term channel. Buy/Support: Based on Technical Analysis, Fractal Analysis and the above, we see the Bear Market bottoming potentially at the below levels which would be good buy areas: $7.60-4.00 - Potential final bottom #1 (purple bearish scenario if Ethereum drops to $55-46) $26.00-22.58 - mirrors Ethereum's buy levels at $84-80 = Potential final bottom #2 for blue/bull/double bottom scenario $30.50-28.50 - Last shoulder of the IH&S - HIT Sell/Resistances: $36.60-37.60 - HIT - Top neckline of the IH&S $41-42 $46-47 - Sell 70% $49-51 - Sell fully / final top before the Bear Market resumes the downtrend / Revised target of the IH&S + also the target of the August 2019 Halving Rally / Purple Fractal - Sell 30% $115-120 - target of the August 2019 Halving Rally / Blue Fractal - Sell 100% Stoploss: At $33. You may also use the same stoploss as Ethereum which is currently at $133.
BITFINEX:LTCUSD
by BitcoinGuru
2
Litecoin LTCBTC - Long-term Forecast towards August 2019 HalvingLike and follow to receive details analysis and updates until the Litecoin Halving: The aim of this 3D Timeframe LTCBTC chart is to mainly track the timing of the Litecoin LTCBTC pair towards the Halving expected around August 2019. We are using the August 2015 halving fractal to attempt to predict the future move of the market. As of now, we observe two potential bottoms on LTCBTC through one blue and one purple projection in this Bear Market prior to the halving rally. Short-term, we expect LTCBTC to top around 0.0111-0.0121 by January 16 (Ethereum’s Hard Fork/Sell the news event) before the Bear market attempts to resume. Long-term, we expect LTCBTC start the halving uptrend by end of May 2019 and to top around 0.0238-0.0277 by August 2019 Halving (Sell the news event) Buy/Support: Based on Technical Analysis, Fractal Analysis and the above, we see the Bear Market bottoming potentially at the below levels which would be good buy areas: 0.00330-0.00235 - Potential final bottom #1 (purple bearish fractal if Ethereum drops to $55-46) 0.00734-0.00623 - mirrors Ethereum's buy levels at $84-80 = Potential final bottom #2 for blue/bull/double bottom scenario 0.00786-0.00810 Sell/Resistances: 0.00914-0.00956 - HIT - Top of descending triangle 0.0111-0.0121 - Sell 60-80% 0.0130-0.0140 - Sell fully / Final top before the Bear Market resumes the downtrend 0.0180-0.0190 - Halving rally - Sell 33% 0.0211-0.022 - Halving rally - Sell 33% 0.0238-0.0277 - Halving rally - Sell fully Stoploss: At 0.00820. You may also use the same stoploss as Ethereum which is currently at $133. Short-term Chart:
by BitcoinGuru
2
The Bitcoin Bear Market Resumes Until May-June 2019Like and follow to receive details analysis and updates for the next few months: The aim of this Monthly chart is to mainly track the timing of the end of the Bear Market expected around May-June 2019 and the start of a new multiyear uptrend through the next Megabull. Preferably, Bitcoin remains within the old bull channel as the blue projection fractal shows. Note we are not expecting Bitcoin to follow exactly that exact path, the fractal is just for reference. Market Sentiment: The sentiment is clearly bearish as the Bear Market has resumed The Bear Market ends around May-June 2019 then a new multi-year bull trend starts which culminates in a Megabull that ends around May 2022 at a maximum of $500,000 per Bitcoin (assuming Crypto is fully mainstream + increased mass adoption). Technical Analysis: In September 2018, we published a detailed analysis internally to our clients on the potential Bear Market continuation (as the 12H 1D 3D 1W Bollinger tight bands squeezed tight for a big move) should the Monthly Candle close below the monthly support and the Monthly Momentum print a bearish red candle. Fast forward two and a month forward, our stoploss at $6,090 was hit and both conditions were fulfilled on top of many bearish signals that the Bear Market flashed before the break down: These bearish signals are summarized below: 1. Continuation Pattern through Bearish H&S with head at $8,516 and target of $3,860-3,687 2. 200EMA 3D Death Cross – November 15 3. Monthly Momentum Death Cross (this analysis on the momentum) – October 1 4. Monthly Midband Bear Cross – November 1 5. The latest bearish weekly close which cancelled the Wyckoff Spring Scenario – November 18 That said, lets discuss only point 3 by giving you some historical information on it History of the Monthly Momentum Death Cross: Looking at our chart, we notice that the Monthly Momentum has printed two bearish candles for a second consecutive month and that Bitcoin has failed to close above the Monthly Midband at $6,380-6,400 and instead build a new strong Monthly Resistance at $6,640-6,700. Based on this observation, our expectation for the next few months was to remain cautious of the Bear Market continuation for 6 more months by keeping tight stoploss at $6,090 and look for the break down. How did we make the assumption that the Bear Market can resume another 6 months? Well simply by looking back at the last time the same pattern happened which is back in October 2014-January 2015. Looking at that range, we notice that the Monthly Midband Bear cross occurred on October 2014 followed by a Monthly Momentum Death Cross on December 2014-January 2015. Consequently, the Market went from $414 to $170 losing roughly another 40-50%. Compared to the current market action, we are expecting a similar 40-50% loss with a drop from $6,544 towards the $3,926-3,300 range where we will be looking to buy. Buy/Support: Based on Technical Analysis, Fractal Analysis and the above, we see the Bear Market bottoming potentially at the below levels which would be good buy areas: $4,250-4,000 – with potential wick to $3,860-3,687 (1W RSI will be oversold at 30 + target of bearish H&S) - Potential Bottom #1 $3,000 – with potential wick to $2,600-2,440 - Potential Bottom #2 Future Megabull Potential Sell/Resistances: $29,000-30,000 $68,000-69,862 $100,000-117,864 – Potential All-Time-High $120,000-125,000 $200,000-220,000 $490,000-500,000 – Maximum potential All-Time-High Target in May 2022 Like our post? Please like and follow and join our free signals telegram channel. Look for the publication of a Weekly Chart in few days!
BITSTAMP:BTCUSDShort
by BitcoinGuru
7
Ethereum Bear Market to Extend in Falling Wedge towards $150-130Hello All, Reposting due to earlier chart comments pulled for violating rules. Thanks to the Mods for letting us know. Like, Follow and Share for more regular updates on Ethereum on this chart. Note: We have been tracking this falling wedge and mini-H&S target $360 for far more than 3 weeks with the BG-members. Ethereum has a triple history so far of downtrends within falling wedges . Currently, we are clearly completing the 4th downtrend within one of the largest rising wedge ever seen with a final bottom at $150-130 which would be a great buy for the long-term. As we warned our BG-members more than a week ago, be cautious, as both ETHUSD and ETHBTC are bearish and decoupled from Bitcoin. Initially, ETHBTC broke down from the log bull parallel channel's bottom which initiated a stronger bear trend on Ethereum and in turns dragged ETHUSD further down within the large falling wedge. This immediately cascaded into ALT, taking them further down towards new lows and soon lower. Hence, why a week ago we recommended to exit ALTS back to cash and only perform a small scalp on ALTSUSD when Ethereum hit the support at $310-300 and selling quickly when Bitcoin hit $6,500-6,660 area. Currently, Ethereum is between the anger and depression capitulative phases within this Bear Market and it extends to ALTS now which will not be a buy until sometime October-December 2018 and or even possibly early 2019. In other words, remain in cash as of now and wait till ALTS go further down towards their 2017 support levels and flatten out 2015 style for few months before rebuying back long-term. Of course, if we see any chances for a long-term entry on ALTS or final bottom in sight, we will advise. Also, having experienced the bear market from on Bitcoin from 2013-2015, all we can say is patience is key and do not rush into buying into ALTS or Bitcoin and Ethereum without seeing proper bull reversal signs develop. So far I see none and the only free-pass past this bear market would be a Bitcoin ETF approval in 2018 which at this time we do not see possible. Our best guess is that the Bitcoin ETF will most likely be delayed until 2019 by the SEC. ETHUSD Support Targets: $310-300 (hit/failed) $290-280 (hit/failed) $250 (hit) $154-130 (bottom of the falling wedge should be the potential final bottom on Ethereum -10.30% within this Bear Market) = optimal rebuy/entry Finally, we believe that we currently completed 87% of the Crypto Bear Market. So it won't be long before the bear trend ends and we put in a final bottom through a high volatile V bottom at $154-130. Best of luck and happy trading! Bitcoin Guru Trading
COINBASE:ETHUSDShort
by BitcoinGuru
Fractal Analysis – The Bitcoin Bear Market to end on July 2018Hi everyone, this is Bitcoin Guru. We have a really important update on Bitcoin which we have mainly been following closed doors with our subscribers for the past few weeks. Since our last long-term fractal update, the bull trend failed to confirm after the rising wedge broke down at $11,700 and we started a steep downtrend which made new lows at $8,350 few days ago. We fortunately, have been in fiat (USD, EUR) since the rising wedge broke down and attempted to rebuy at $9,200-9,000 when the support was hit the first time last week, but thankfully our stoploss was hit right before the sell off to $8,350 happened. Since then, we recommended to stay in fiat or Tether for the past several days eyeing some key levels near the bottom of the bearish parallel channel. Unlike others on Tradingview, we did not recommend our subscribers to buy any ALTS or TOKENs long-term yet. These are risky recommendations especially without a confirmation of a final Bitcoin bottom or a long consolidation before the next Megabull starts. It is very important to follow traders that would not put your portfolio at risk. Always do your due diligence when considering charts. That said, in a bear market, we always aim to trade the bigger trades which yield bigger rewards/profit and reducing the time spent watching the chart by buying only Bitcoin when it is extremely oversold. Try to to hold fiat most of the time, then only buy Bitcoin at specific support levels and sell quickly at major resistances. Any mistakes in the bear market can be very costly. That said, lets now dive in on a detailed and real analysis of the current Bitcoin Bear Market: The chart meticulously depicts a blue fractal of the 2014 Bear Market. As you see it overlays very well at the moment with the bear channel of the current trend. However, note that fractals are not foolproof and may stop working at anytime! Currently Bitcoin and the entire Crypto Market is in a strong Bear Market. Based on this fractal analysis and trading analysis we are expect Bitcoin to bottom on April 20, 2018 at $2,949-2,800 and with a potential wick to $2,140. The Bull Market could resume as early as July 3rd, 2018. Let's summarize below why we have been bearish long-term by going through key indicators and patterns we have considered at Bitcoin Guru in the past weeks and months: 1. We made new lows below $9,260 which is the lowest support we had since end of February --> bearish 2. The large IH&S was cancelled by making a new low down to $8,350 3. We double topped at $11,700 - bearish reversal 4. Were within large bearish parallel channels which is typical of a Bear Market 5. The 1W momentum crossed bearish last week, last time this happened was on October 10, 2016 6. The bull trend was clearly rejected on March 4 following a rising wedge and the failure to break past the top of the log bull channel at $12,000. Also, the 1H 2H 4H 6H 12H 1D Bands squeezes resolved to the downside. Subsequently, the trend became bearish 7. Bull traps are numerous, typical of a bear market 8. We've been in a Bull Market for 2 years now, it should be expected to have a somewhat moderate and sizable Bear Market in return. This is typical of Bitcoin's historical cycles. 9. Our Guru cycle custom indicator confirmed the trend/direction as bearish right before the cycle close on March 21st as expected of it 10. Google search interest on Bitcoin and Crypto has waned down a lot. This typically happens when we enter a Bear Market. Interest fades until the next bull cycle starts again At last, based on our fractal analysis and trading analysis, here are key support levels that are good buying entries: $7,100-6,800 $5,540 $4,700-4,400 (recommended entry) $2,949-2,800 (potential final bottom for the current bear market) $2,300-2,140 ( possible only with maximum volatility – recommended entry) Let us know in the comments section below what ALTS or TOKENS pair you'd like us to publish next!
BITSTAMP:BTCUSDShort
by BitcoinGuru
34
Bitcoin at an Important Bullish or Bearish Market CrossroadHey Bitcoin Guru fans! We know you are excited to get your hands on our latest charts. As promised keep liking our charts and follow us and we will keep on giving real trading analysis! Here is a Bitcoin comparison with another similar V-shaped and IH&S bottom on July 16 (first green arrow). At that time, the 1D Bollinger Bands were also tightening and Bitcoin broke the 1D midband and held strongly ABOVE the 1D midband as support (which is bullish) then Bitcoin broke out towards new highs resuming the Megabull. In comparison to the current V-shaped and IH&S bottom we put in at $6,000-5,900 on the February 5th, we projected a similar forecast based on July 16. The bullish forecast which we discussed in another newly published Tradingview chart is outlined through a more detailed pink colored fractal. This pink bullish fractal also makes sense from a stand point of the current large bullish IH&S target being a retest of the top at 19-17.5K which is really a simple text book trade. As you also notice, once we break out past the top of the bearish parallel channel, we head over to retest the ATH but remain within the bullish channel as we go further up most likely towards a final ATH near $75,000 or even $100,000-130,000 by June-July 2018. At the moment we are at a cross road between both bullish parallel channels (that would confirm the bull market potentially being back with a gradual solid break above several key resistances at $11,200, then $12,000 and then $13,000) and bearish parallel channels (that would confirm the bearish market continuation with a solid break below $9,300) To learn more, check our Tradingview portfolio for our Twitter and Website address or PM us for more questions! We offer 1-on-1 cryptocurrencies oriented trading courses for beginner and intermediate traders and also trading signals/alerts.
BITSTAMP:BTCUSD
by BitcoinGuru
15
Long-term Bear Market ForecastYour favorite fractal master, Bitcoin Guru is back! Missed you all, really! We have been super busy at Bitcoin Guru after our successful Bitcoin Megabull /Bull Market (almost a year now!). We also have been actively tied up in providing daily trading TA and giving signals on more than 30-40 cryptocurrencies (ALTS and TOKENS PAIRS) to our lovely members/subscribers. So, check our Tradingview portfolio for our Twitter and Website handles or PM us for more questions! We also offer cryptocurrencies trading courses. Follow us and like our charts on Tradingview and Twitter! Stay in touch! We promise to be more active on Tradingview and giveaway more professional Trading Analysis weekly or daily on many ALTS or TOKEN pairs we typically cover closed door. That said, lets now dive in on a detailed and real analysis of the current Bitcoin Bear Market: Currently, we have a big move pending in either direction based on the Bollinger Bands squeezing tight on all the time-frames and our custom Guru cycle indicator. Our indicator indicates that the current short-term bull cycle ends on February 27 and we start a new Cycle right after that ends on March 21st (notice the 21 Fibonacci number - not a coincidence). That said we expect a BIG MOVE in either direction that will be determined maximum before March 10. We are currently unsure if the sentiment of the new cycle is bullish or bearish or neutral /consolidation. But since we are in a Bear Market we will lean to bearish for the new cycle until proven otherwise and sell the top of the bearish channel and major resistances until the bullish reversal confirms. The current chart carefully and precisely depicts a blue overlay/projection using the 2014 Bear Market. As you see it overlays perfectly well at the moment with the bear channel of the current Bitcoin Market and even the descending triangles. Of course, we do not expect the current Bear Market to play exactly as the 2014 one although history tends to somehow repeat itself at some level. Hence, we have represented several scenarios with major resistance and support levels: BULLS: We have depicted several bullish reversal possibilities (in green) through two Inverted Head and Shoulders (IH&S) patterns on the chart. These will seek to cancel the larger bearish reversal patterns such as double top (at $19,000 and $17,500) and also the larger Head and Shoulders ( H&S ) pattern both seen around December 2017 when the Bitcoin Megabull ended. With any of these two bullish reversals, we would be looking for the Megabull to resume few months down the road. Note that the deeper Bitcoin goes, the longer the bear market will last and the long the Bitcoin Bull Market will take to resume. The first IH&S we have been observing since January 2018 needs to complete its last shoulder by rallying to $11,700-12,000 resistance, but before this happens we have a minefield of bearish obstacles to beat: (1) bottoming at $9300-9250 roughly (completed as of now) (2) then complete a break out from the mini falling wedge by breaking $9,800 (not represented on this chart) (3) break out past horizontal resistances at $10,200-10,500 and $10,700-11,200 (4) break out the top of the bearish parallel channel The second IH&S would complete by drawing the two shoulders through the $6,600-6,000 area then the head through the $5,600-5,000 support with a potential wick deeper through the $4,400-4,200 previous support BEARS: We have also represented potential bottoms/support areas for the Bear Market. Should the 1D midband at $9,300-9,200 fail within the next few weeks, then look lower at: $6,600-6,000 (interim support) $5,600-5,000 (potential final bottom for the current bear market) $4,400-4,200 (in case of bad news and accelerated sell off, this would be our projected potential final bottom) $2,700 (low chance of occurrence as Bitcoin has gone mainstream)
BITFINEX:BTCUSD
by BitcoinGuru
Short-term Bear Market ForecastYour favorite fractal master, Bitcoin Guru is back! Missed you all, really! We have been super busy at Bitcoin Guru after our successful Bitcoin Megabull /Bull Market (almost a year now!). We also have been actively tied up in providing daily trading TA and giving signals on more than 30-40 cryptocurrencies (ALTS and TOKENS PAIRS) to our lovely members/subscribers. So, check our Tradingview portfolio for our Twitter and Website handles or PM us for more questions! We also offer cryptocurrencies trading courses. Follow us and like our charts on Tradingview and Twitter! Stay in touch! We promise to be more active on Tradingview and giveaway more professional Trading Analysis weekly or daily on many ALTS or TOKEN pairs we typically cover closed door. That said, lets now dive in on a detailed and real analysis of the current Bitcoin Short-Term Bear Market: Currently, we have a big move pending in either direction based on the Bollinger Bands squeezing tight on all the time-frames and our custom Guru cycle indicator. Our indicator indicates that the current short-term bull cycle ends on February 27 and we start a new Cycle right after that ends on March 21st (notice the 21 Fibonacci number - not a coincidence). That said we expect a BIG MOVE in either direction that will be determined maximum before March 10. We are currently unsure if the sentiment of the new cycle is bullish or bearish or neutral /consolidation. But since we are in a Bear Market we will lean to bearish for the new cycle until proven otherwise and sell the top of the bearish channel and major resistances until the bullish reversal confirms. The current chart carefully and precisely depicts a blue overlay/projection using the 2014 Bear Market. As you see it overlays perfectly well at the moment with the bear channel of the current Bitcoin Market and even the descending triangles. Of course, we do not expect the current Bear Market to play exactly as the 2014 one although history tends to somehow repeat itself at some level. Hence, we have represented several scenarios with major resistance and support levels: BULLS: We have depicted several bullish reversal possibilities (in green) through two Inverted Head and Shoulders (IH&S) patterns on the chart. These will seek to cancel the larger bearish reversal patterns such as double top (at $19,000 and $17,500) and also the larger Head and Shoulders ( H&S ) pattern both seen around December 2017 when the Bitcoin Megabull ended. With any of these two bullish reversals, we would be looking for the Megabull to resume few months down the road. Note that the deeper Bitcoin goes, the longer the bear market will last and the long the Bitcoin Bull Market will take to resume. The first IH&S we have been observing since January 2018 needs to complete its last shoulder by rallying to $11,700-12,000 resistance, but before this happens we have a minefield of bearish obstacles to beat: (1) bottoming at $9300-9250 roughly (completed as of now) (2) then complete a break out from the mini falling wedge by breaking $9,800 (not represented on this chart) (3) break out past horizontal resistances at $10,200-10,500 and $10,700-11,200 (4) break out the top of the bearish parallel channel The second IH&S would complete by drawing the two shoulders through the $6,600-6,000 area then the head through the $5,600-5,000 support with a potential wick deeper through the $4,400-4,200 previous support BEARS: We have also represented potential bottoms/support areas for the Bear Market. Should the 1D midband at $9,300-9,200 fail within the next few weeks, then look lower at: $6,600-6,000 (interim support) $5,600-5,000 (potential final bottom for the current bear market) $4,400-4,200 (in case of bad news and accelerated sell off, this would be our projected potential final bottom) $2,700 (low chance of occurrence as Bitcoin has gone mainstream)
BITFINEX:BTCUSD
by BitcoinGuru
The Bitcoin Megabull Nearing our $10,000 USD TargetMore than a year ago I published a chart on tradingview and forecasted that Bitcoin will have a Megabull that will hit past $10,000 USD (chart is below). Almost nobody at that time believed it could happen. I even got some hate mail calling my prediction a "joke" and some other hateful terms. However, fast forward to today and now we are few weeks or few months away from hitting that $10,000 milestone: What a time to be alive, really! Bitcoin is making history as the Megabull continues for a record of 8 months compared to the old 2012 and 2013 Megabulls that lasted between 3 to 4 months only! Bitcoin is going quickly through what we call the 5 phases of adoption which is contributing to the Bitcoin Megabull lasting as long as 8 months and counting: 1. Experimental - done 2. Early Adopters - in progress or done? (maybe whoever is buying under $10,000 is still an early adopter?) 3. Venture Capital - done (ICOs are replacing IPOs) 4. Wall Street - in progress 5. Consumer - in progress We are currently on uncharted territories here, and on the verge of going parabolic/euphoric. TA might not be much of help but I wanted to share with you all what we've been looking at in the Bitcoin Guru group for the past month. The published chart is a Bitcoin logarithmic chart with a bullish parallel channel. As seen in the chart, we hit our forecasted target at the top of the bull channel at $7350-7200. We speculated due to volatility that wicks could stab through as high as $7600, but the highest top that was hit was $7350 on both Bitfinex and Bitstamp. Here is what we're expecting next: Bull Parabolic Scenario - A: As of now I am still giving a higher chance of a parabolic/euphoric move to $10,000 and even much further which would top around the B2X Hard Fork on November 15-16. Currently this move would happen if we have a break out past the log bull channel top at $7400 on Bitstamp. Slightly Bearish Scenario - B: This scenario would entail a similar move to the last two moves we had after touching the top of the bullish parallel channel. If you look at the chart, you notice every time we got close to the top of the channel, we reversed the trend to bear through a H&S and also a rising wedge that broke down. So it would be wise to watch out for a similar move for the 3rd time which consists of a bearish reversal pattern such as a H&S or double top at the current levels around $7600-7400 and a highly volatile wash-down to $5500-5400, a bounce to $6100-5950 (to draw another H&S) then a final drop to retest the bottom of the channel at $ 4600-4200 (will confirm the exact bottom when more data is available to us). Then we'd reverse the trend through an IH&S and continue to $10,000 or beyond. ----------------------- If your new to cryptocurrencies or trading all together, join our 1-week trial to our Cryptocurrencies Live Trading Alerts. If your looking for courses and training, then register for our unique 1-on-1 Cryptocurrencies Trading Mentorship and Coaching Program -- PM me directly for more information. Check out my profile for my social media links and for out website where you can find more details about the memberships offered.
BITSTAMP:BTCUSDLong
by BitcoinGuru
33
NEO/BTC - NEO Descending Wedge Watching for Potential ReversalNEO is still within the descending wedge (we've been tracking this closely for days now through the Alerts Group). Last chance for the bulls to reverse this here by breaking out ASAP and forming the blue Inverted H&S to confirm a bull reversal to the trend. If the bull scenario does fail to materialize, expect a wash down back to support at 0.003-0.0025 area Still waiting for a clear direction. If your new or intermediate to crypto or trading all together, you would benefit by subscribing to my Bitcoin/Cryptocurrencies Live Trading Alerts or my unique 1-on-1 Cryptocurrencies/Bitcoin Mentorship and Coaching courses on my TA methods -- PM me directly for more information or check out my profile for my social media links and the website for information about our services.
by BitcoinGuru
3
Bitcoin Bullish Reversal with IH&S as Segwit Activations LoomUnfortunately, it seems that the Megabull ended prematurely thanks to a bunch of greedy companies and miners attempting to monopolize Bitcoin and sabotage Segwit: Roger Ver with Bitmain attempt to launch Bitcoin Unlimited through a Hard Fork but fail to get community support due to poor coding of BU, ASICBoost, Antbleed etc. We finished from BU thought we were done, then Barry Silbert whose building his empire on cryptocurrencies through legal and shady means (owns Digital Currency Group, Genesis Global Trading, a bitcoin OTC trading firm, and Grayscale Investments, took advantage of the Ethereum fork to make ETC from the chain split) and big crypto-dependent firms took it upon themselves to come up with Segwit2x variation through NYA Meeting without inviting Bitcoin Core devs (main Dev of Bitcoin since inception). These big players decided they would develop instead their own quick untested Segwit version through RSK developers (Bitmain invested in them and who knows who) and also Hard Fork a 2MB form as well few months later. The rest of the community was not consulted. BitcoinABC: Although Bitmain agreed to Segwit2x, somehow Jihan wants as well his own Bitcoin version through a Hard Fork which he would pre-mine for himself before releasing and it would increase the block size to a whopping 8MB. As you see we have multiple big corporations attempting a hostile takeover of open source cryptos. The worst part is that their Segwit code is poorly coded/buggy and it also contains hard-coded seeds that send network data to some of the corporations (data mining). All these corporations should be held liable in front of a court of law for attempting to destroy or manipulating the $80 Billion cryptocurrency ecosystem in their favor. Anyways, enough venting from my end and lets just to this simple analysis of the current bear trend in play: Based on this 235D cycle and the blue bear market fractal from 2013 (post-megabull bearish trend), Bitcoin could attempt to put a bottom earlier than expected at $1950-1850 and start a new megabull cycle immediately if Segwit Bitcoin Core (BIP 148) activation succeeds without a chain split through August 2017. The bullish reversal would complete through the plotted inverted head and shoulder (IH&S) on the chart. As depicted, we would start the new megabull around September 9 and reach the final All Time High at $13,370 - $10,000 at the 235D Cycle top on October 9. This is the best scenario and to be honest the chances of it occurring aren't pretty high due to the uncertainty lying ahead with potential chain splits and hard forks from different groups. Worse case scenario not depicted on this chart would be 1 year of bear market 2014 style Currently, were looking at a bottom as: 1. Support at $1950-1850 which is 50% Fibonacci retracement and Bitcoin is potentially testing this area as a final bottom. 2. The 1D RSI is oversold currently at 28 and we had some capitulation wick down to $1830 on Stamp and finex. 3. Notice we hit the 3D Bollinger bottom band as well at $2000-1975 roughly. Previous bear trends weren’t shy of dropping $100-200 under the bottom 3D Bollinger band with volatility before violently bouncing up with a short squeeze. Stoplosses: 1. If we do close a daily under $1800 then the entire trade setup would be VOID. 2. Also consider this entire chart VOID if the Bitcoin chain splits in two or more chains through August 2017. If we do split chains, then expect Bitcoin to crash down to $1240-1140 support eventually. If your new to crypto or trading all together, you would benefit by subscribing to my Bitcoin/Cryptocurrency Live Trading Alerts or my unique 1-on-1 Cryptocurrency/Bitcoin Mentorship and Coaching courses on my TA methods -- PM me directly for more information. Check out my profile for my social media links and the website as all the free trading material and information are located there.
BITSTAMP:BTCUSDLong
by BitcoinGuru
18