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The DASH DASHUSD Road Towards the Megabull - Up to 5,000% GainsHey guys! I got couple of days of free time to continue publishing free long-term charts for ALTSCOINs, so hit that Like and Follow buttons to receive the latest notifications about my updates. Anyways, now lets get started! This simple comparison seeks to compare the Megabull of 2017 against the current 2021 Megabull as seen as a potential/approximate green path we may follow in this round towards the final ATH. The idea here is pretty straightforward, on the long-term log scale charts, any asset or stock will be bound most of the time within a parallel bull channel. Similarly, I believe the bottom of the bull parallel channel has been well defined through the years, hence the top of the channel should give us a good idea of the ATH targets. Short-term, DASH has still not broken the previous ATH at $1,600~ so buying know at $400 is still considered an early entry! In the incoming weeks, I would expect DASH to start defining a short-term bull parallel channel or ascending channel which will be the road to either the $10,000 first Megabull target or the second Megabull target at $18,000-20,000 around Nov-Dec 2021. Summary of the Megabull / Bull Market Targets by Oct-Dec 2021: $8,000-10,000 (2,500% gains possible) $18,000-20,000 (5,000% gains possible) Looking ahead at the next bear market, we can expect the final bottom to shape a nice rounding bottom at $1,200-1,900 on DASH! Bottom line, if you purchase DASH close to the $400 levels, you still can make between 2,500 to 5,000% in gains if this trade plays out as expected. Best of luck and happy trading! Carl M.
Long
by BitcoinGuru
3
Ethereum is in a Short-term Broadening WedgeHello All, Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates. This is a simple chart to show that Ethereum is in a short-term broadening wedge. In addition, the 4H 6H 8H 12H 1D Bollinger Bands are ready for a big move to the upside to at least $2,700-3,000 textbook target of the rounding bottom. Extra observation, nobody is talking about the 7 back to back bullish 3D candles seeing on the 3 Day timeframe: Finally, check out our Ethereum long-term chart on Tradingview. The Ethereum All-Time-High (ATH) should be around $28,000-31,500: Happy trading! Carl M.
COINBASE:ETHUSDLong
by BitcoinGuru
1
The Litecoin LTCBTC Road Towards the Megabull - Up to 450% GainsHello All! Please hit that Like button and follow us to show support and keep receiving updates as this chart will be updated frequently since I have a big bag of LTC that I am waiting to flip to BTC at the right time. So lets read on! This is a simple comparison comparing the LTCBTC Megabull from 2017 against the current 2021 Megabull as seen as the blue fractal on the chart. The idea here is pretty straightforward, "History Doesn't Repeat Itself, but It Often Rhymes" and in this case we expect something on that note with LTCBTC being a great Buy/Long at 0.004100-0.003850 and if it gets there in the next few days 0.003200-0.002500 followed by a breakout sometimes around February 22-25 if timing is still a thing or similar to 2017 (green arrow). From there we would expect a strong surge and big 400-450% gain on this trade towards the previous resistance/sell/short block of 0.0200-0.0250. Buy/Support: 0.004100-0.003850 - HIT - I loaded here already 0.003200-0.002500 - If it gets here I will load some more Sell/Resistance: 0.0200-0.0220 - Sell 75% 0.0230-0.0250 - Sell 25% This is a game of patience and holding folks just like our successful DOGE trade was. VIA will also be a hold. DOGEBTC VIABTC Best of luck and happy trading! Carl M.
Long
by BitcoinGuru
11
The Overview of the ZCASH ZECUSD Megabull to $2,500-2,800Sup everyone! There is a possibility that ZCASH or ZECUSD reaches an ATH (All-Time-High) in this 2021 Megabull at $2,500-2,800 which would be a whopping 10,000% from the the $21 bottom as seen in my green projection. Of course higher is also possible but if needed I will update this chart near October 2021. Technical analysis wise we do see ultra TWO bullish long-term bull reversal patterns via a (1) double bottom at $25-19 and a (2) rounding bottom (in blue). This sums it up nicely, the bear market is finally over and the bull market is on! Buy/Support: :white_check_mark: $25-19 - HIT / Double bottom :arrow_forward: $56-50 :white_check_mark: $93-89 - Late risky buy - HIT Sell/Resistance: $112-123 $210-225 $405-423 $765-800 - Previous ATH :arrow_forward: $1,500-1,600 - Rounding bottom textbook target - Sell 10-15% :arrow_forward: $2,500-2,800 - Megabull Target - Sell 100%* (subject to revision/readjustment if it warrants it as we near October - December 2021) Hit the like button and the follow button if you like this idea and check our profile for other recent setups for ADA, LTC and ETH and many more! Best of luck and happy trading! Carl M.
BITFINEX:ZECUSDLong
by BitcoinGuru
13
Bitcoin following the Bull Fractal of 2016Hi everyone! Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates. Since our last short-term chart, Bitcoin clearly bottomed at the 1D Bollinger Bottom Band at $30,500-29,500 which was a great buy/long. But some weakness presented itself on Friday and Bitcoin could not find the strength to break up to 35,600 before the weekend. This is just temporary hence the detailed chart I am presenting you. So to compliment the previous short-term chart, I have another fractal to present that came to mind yesterday after waking up from a good night of sleep which is the fractal of 2016 with a similar short-term top and sell off. The fractal points to a potential double bottom at $30,500-29,500 around January 24 through 28 then the continuation of the Megabull slowly and gradually as we head up to $35,600-36,200 then eventually within a month or so to $60,000-62,000. Best of luck and happy trading! Carl M.
BITSTAMP:BTCUSDLong
by BitcoinGuru
2
Bitcoin Bottomed at $31,000-29,500 Time to Run up test the ATHHi everyone! Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates. Bitcoin clearly bottomed at the 1D Bollinger Bottom Band at $31,000-29,500 which is a great buy/long. Time go up test $34,600-35,600. I think we will break it and retest the ATH at $42,000 and even exceed it hitting temporarily $45,000. The Megabull resumes sometimes near April towards $55,000 textbook target of the ascending triangle. Best of luck and happy trading! Carl M.
BITSTAMP:BTCUSDLong
by BitcoinGuru
1
Bitcoin Following the Fractal of June - September 2019Hi everyone! Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates. This is just an extra side alternate scenario that will most likely fail since fractals eventually tend to fail. Pretty much an extra to my main short-term idea I published yesterday: So anyways I had an epiphany earlier this morning and my photo memory made a link to the top action back in June - September 2019. So I had a look and overlapped the fractal over our current action and "voila" we have some kind of similar action there wit ha giant bearish H&S and descending triangle . I am not saying this plays out to the letter, no since the action back then was a Bear Market versus now being in a Bull Market or Megabull I think we see Bitcoin break this fractal quite easily within days or weeks since the fundamentals are strong. Fun thing anyways, lets see when or when it breaks. Best of luck and happy trading! Carl M.
BITSTAMP:BTCUSD
by BitcoinGuru
3
Ethereum about to blow off towards $2,760 Short-termHello All, Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates. This is a simple chart to show that since our last chart about Ethereum not having closed a Weekly candle below $580 was spot on along the parabolic fractal I had published back then (see idea on tradingview below): Currently, as we near the ATH I see the next prominent short-term target as being at $2,700-2,760 with a $100+- margin of error which is the textbook target of the long-term bull reversal rounding bottom pattern shown on the chart. The long-term final target of the Ethereum Megabull has also been revised to $28,000-31,500 roughly which I will publish soon. Stay turned and hit the Like and Follow button! Happy trading! Carl M.
COINBASE:ETHUSDLong
by BitcoinGuru
3
Bitcoin Potentially hitting $100,000 around January 31st 2021Happy New Year everyone! Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates. Since my last chart and update on Tradingview seen below, we precisely hit $33,000 as my blue fractal showed. But in this publication, I wanted to lay the ground to my alternate Megabull fractal /plan I have been also watching for few months now which is the purple Megabull fractal that points to $100,000 by January 30-31st 2021! The $100,000 Megabull purple fractal by end of January 2021 would activate on a break out past $35,000s and confirm with a hit of $38,000. Should this play out, then I would look to sell/short with some Bitcoins at $95,000-110,000 around January 31st with the aim to rebuy/relong on that steep crash down to $27,500-23,500 . Make no mistake $100,000 in that case would still NOT be the final top of this Megabull run, you will still need to hold strong for 10-11 more months until we reach the final top of the Megabull around End of November / Early December 2021 which in that purple scenario would be around $321,000-440,000. Best of luck and happy trading! Carl M.
BITSTAMP:BTCUSDLong
by BitcoinGuru
6
On the Verge of an Euphoric 12 Months of Bitcoin Megabull AGAIN!Merry Christmas or Happy Holidays All! Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates. For those who have been following me for many years, I successfully predicted back in 2015-2016 the Bitcoin Megabull to $10,000+ and I covered it through 2017 on the below chart until close to the end while many doubted the run would ever occur: Now as crazy as it may seem, Bitcoin is about to do it again as mass adoption goes to another level with wallstreet and companies investing heavily in BTC ( Microstrategy , Paypal etc.). Hence I will be using this chart to cover the Megabull through 2021. At this moment, I have updated our earlier Weekly chart with an extra purple fractal that would kick in, in case the blue fractal with the bullish parallel channel is broken to the upside and faster first Megabull plays out towards $90,000-100,000. Both dual fractals provide Megabull final tops/sell/short ranges somewhere between either (all good sells): $200,000-250,000 OR $321,000-440,000 Make no mistake, you will need to hold strong for 12 months until we reach the final top of the Megabull around End of November / Early December 2021. Consider this idea VOID/FAILED if Bitcoin breaks the bull channel's bottom support currently at $15,500-16,000. Best of luck and happy trading! Carl M. Previous ideas: (please like and share) Bitcoin Monthly Overview of the Megabull: Bitcoin Weekly Overview of the Megabull: Ethereum Weekly Overview of the Bull Run so far:
BITSTAMP:BTCUSDLong
by BitcoinGuru
2
The Weekly Overview of the Bitcoin Megabull CyclesHello All, Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates. It seems that some Tradingview moderator wiped out some of my previous 6-7 charts due to house rules so I will publish with straight to the point TA and analysis. We have exceeded our bull ascending triangle target at $23,000 which means we are heading much higher. And I mean even much higher than my initial call of $25,000-27,000 after revising my charts: I think Bitcoin is heading to $29,000-30,000 then we top there. We are defining the new Megabull bull parallel channel for the next 12 months similar to a 2017 bull parallel channel in the Megabull. So at this moment, be patient and let the channel define its top and bottom! In my opinion there will be a great buy/long opportunity on the pull back from $29000-33000 down to 23000-21000 in March to touch its bottom support of the channel them we run higher to $55,000-60,000. Happy trading! Carl M.
BITSTAMP:BTCUSDLong
by BitcoinGuru
3
XLMUSD Long-term UpdateHi everyone! Before we get started, take a second to hit the like and follow button to get updates on XLM in the incoming weeks and months. XLM is within a narrow orange falling wedge since May 2018. As we are reaching slowly its end, I see a higher probability for a double bottom at 0.0750-0.0677 where I recommend buying while keeping tight stoploss and waiting for the second rally to the top range at 0.136-0.165 by July/August 2019. Around that time the entire Crypto Market should have confirmed the trend change to bull. XLM would follow the green path gradually through 2020. The worst possible scenario should Bitcoin drop back to $3,620-3,400 support would be the path I represented in red through an IH&S with a final bottom near the 0.0405-0.0358 support. Note: I recommend buying XLM for the long-term near the designated low support levels. Best is to keep that stash untouched in a hardware wallet for the 2020-2022 Megabull Buy/Support: 0.0280-0.0120 - Previous bottom in 2018 / unlikely to be reached unless Bitcoin revisits $3,620-3,400 support 0.0405-0.0358 - Optimal buy area for capitulation within falling wedge/ also head of the red IH&S bull reversal 0.0750-0.0677 - Buy area for green scenario / double bottom - keep tight stoploss as directed Sell/Resistances: 0.109-0.119 0.133-0.140 - Top resistance of the red IH&S 0.160-0.164 0.196-0.210 - 61.8% previous Fib turned into resistance 0.240-0.260 - Potential final top / good take profit area Dynamic Stoploss: 0.0635, exit on a bounce as we may see XLM sell down lower within the orange falling wedge towards 0.0405-0.0358 or even lower depending on Bitcoin and Ethereum
KRAKEN:XLMUSD
by BitcoinGuru
2
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
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
BTC Long Shot is Coming Guys What i can See in the Bitcoin ChartBitcoin is setting up for a Long shot this time, i am expecting BTC to make the Move Up in the next 7-10 days, $6500-7k is my First Target depending on the situations at that time it may continue the bull trend.. i Trade Forex , Stocks, Crypto on one simple setup, i get these setups sometimes once in a month, sometimes once in a week and sometimes once in 6 months, This time it has formed on Bitcoin and i am expecting an absolute bull shot tearing through all resistances which will fail any technical analysis in the world.
COINBASE:BTCUSDLong
by SamAlMaqsud
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