Can´t deny the similarity. Just sayin´... Happy Trading
...ask yourself why in the hell would see Bitcoin such a breakup here. Sorry, but I find that rather silly...
Had to clean it up a bit. Top of the tops... Bye bye Bitcoin. All shorters. Enjoy!
The daily's looking nasty here. $390 has been rejected on U.S. exchanges which has negated the possibility that enough momentum exists to push to and beyond $400. Looking to add on a break of 2520 cny1.05% as well as support denoted by the thick orange line. Pseudo Analytical Indicators: New moon and Chinese New Years converge tomorrow, the 8th.
The bears are crashing the market in absence of any bad macro chart situations which previously dragged the S&P 500 down. China has spend billions to get a bottom into the Chinese market (1) before the Chinese New Year, but the EU and US markets don't care anymore and seem to want doom as soon as possible now. This can cause China to break the bottom next week...
Two possible scenarios of which B seems significantly more likely...
Bears: This is my modified version of Time Node from Tim West applied to Bitcoin. So far I have been very successful with this method to forecast accurately the next moves of Bitcoin. I also am using a fractal from the previous ATH of $680/$660 The annotations are on the chart. We are currently starting an 11 days bearish cycle with the possible targets...
Break down 2435CNY (BTCChina) IF you really want duhm. Interesting times ahead in any case... Happy Trading!
As expected the rate hike in the US mark the last nail in the troll´s coffin... Finally, it is set to test the key support area (green box). Happy Trading!
Srsly, I am done withe the troll. He got me rekt several times during the past month (in case you wanna help me out, consider a little tip ;). But this is the absolute top... If not, I gonna build a EU temple to worship the him from now on.
Don´t be fooled by randomly drawn trendlines...
An warning update on my previous chart from a 2-3 weeks ago roughly, we see that BTC decided to delay the inevitable by not touching down a 4th time at the time I published my initial chart back then. Instead it decided to consolidate furthermore and attempted a break out again only to be stopped at the top of the downtrend channel outlined on my chart by the red...
Doom, doom, doom. I want you in my room... Sadly the long-term indicators weren't lying. I pointed out one month ago that Bitcoin is doomed with many charts in the comments here: and this week my most bearish doomsday scenario of $333 triggered So instead of publishing more charts as comments I give you my Bitcoin doomsday dashboard. The only reason why I...