But wait! There's MORE!Using Wyckoff Trend Indicator we just started this cycle...
If History was to repeat itself!
Have LOW TIME PREFERENCE!
GBTC
Last one for the day. Have a great weekend! FIB Extensions on every cycle
FIB based time on every cycle.
Using the last 2 fractals for the 0.5 Fib where we are right now...
SHOT OF THAT SWEET HOPIUM!
Speculating! But it's crazy how the FIBS line up with where we are at in the cycle and the channel we've stayed in in the history of BTC.
If you can't see it there's really nothing anyone can do to helpI mean really can you imagine being bearish <7 months before the new supply of BTC is cut in half?
Bullish Divergence on the Hourly & Lower Timeframes10/16/2019 - PlanB "We are at about 6 months before May 2020 #bitcoin halving. In 2012 btc jumped from $5 to $12 (2.3x) in those 6 months before the halving. In 2016 btc jumped from $350 to $650 (1.7x)."
He goes on to say in the RealVision interview that sometime between now and 12/2021 BTC will hit 100k or higher.
I believe in this projection. I strongly believe in stock to flow.
This is why I am long.
Reference - video is not far down page.
twitter.com
Long Term Support is New Lauchpad Resistance, becomes support, becomes resistance again, back to support. Patience is key here.
"Today marks a major milestone for the cryptocurrency, as the 18 millionth Bitcoin is mined, leaving only 3 million BTC remaining out of the hard-capped 21 million BTC supply." -NewsBTC.com
Do you really think price should deteriorate much further? Does 95% correlated stock to flow model "goodness of fit" become irrelevant long-term?
To paraphrase King Leonidas of the 300 = "If you want my Bitcoin...come and take it!"
WE ARE HOLDING THE LINE! Do not give!
GBTC/BTCUSD Shows Rebound Incoming - Credit BitFinkCredit to BitFink for helping me with a chart that compares GBTC value with BTCUSD value.
Yellow line - support showing that pre-halving February 27, 2017 (roughly 4 months pre halving) GBTC/BTCUSD touches support at 1.07.
Last times this 1.07 line touches price were pullback before bull-run, drop-off after peak or entering bear-market.
Chart is mostly parabolic moves with flat static in between. Flat areas like we are in now, are always followed by uptrend's shown in chart.
More that $250M was raised for Grayscale in Q3 with majority going directly towards Bitcoin.
If I were Grayscale, I would be pushing the current GBTC value down preemptively knowing that I will need to payout stockholders when the price goes parabolic soon.
If Grayscale is a single Bitcoin holder, they are accumulating $1B annually in fiat from GBTC investors.
Do you think they are keeping fiat in the vault (negative interest rates) or buying at this level (hard capped and deflationary)?
Thank you to those who teach me new methods of chart analysis and perspectives.
Hold the Line! Bullish flip slow but imminent.People are saying that buyers are drying up....but so are sellers.
Totally flat price action. Bitcoin is never flat unless it's bear market or accumulation time. I feel this is NOT a bear market as sellers are not willing to short further. Whales are not willing to sell current BTC in volume to create a further drop, because people are HODLing.
MACD - still bullish
MACD Platinum - looking to show sell, buy, sell at zero line which normally happens before a big move.
Wycoff Accumulation - very shallow on the daily view although negative (flips quickly to green when shallow red)
EMA Ribbon- shows flip may take a month but is around same time period as February 2019, before recent rally.
Gaussian channel- lines up with price looking to cross with rally in November/December (like usual best months).
Best part of waking Up....is Bitcoin in your cup.This is a pattern continuation from my post earlier today. Looks like finishing the pattern before morning.
30min timeframe
TD Sequential getting to 9 count about to complete Cup and Handle.
Above $8130 and I think this pattern is confirmation of bullish move imminent.
Just crossed 128MA on 30min chart. About to cross 200MA on 30min chart. Both bullish.
Once we get above $8130, 4hr chart gets more bullish getting to 7 or 8 count before morning.
Tomorrow will be interesting! Good luck all longs hanging in there with me!
Gaussian Channel turned bullish on 30minPrice is going and has crossed center-line of Gaussian Channel. Price above channel is bullish.
1hr, 4hr, and Daily all appear to be following the shorter time-frames.
Get it now before it goes 10K!
It's Bitcoin Baby and we just jumped the creek! Sorry about getting cut off at the end, forgot to look up at the time. The point was if the whales know we are all educated now they will make things happen to scare the little guy out of his or her position.
ACCUMULATE!
WYCOFF TREND INDICATOR!
Cup and handle on 15Min - Same breakout level around $8100Seeing the same thing on multiple time frames confirms my bullish perspective.
Daily and 15min seeing same possible setup.
Cup and Handle breakout?Handle has cups with the cup(handle).
TD Sequential 9 count coincides with bottom of cup Oct. 23.
Bollinger Bands forecasted to squeeze to max around same time (Oct 24.)
Top of cup (breakout) coincides with unfilled gap at $10.11
Right side of cup Nov. 5 coincides with down-slope of descending wedge and upward gap-fill.
"Stocks with handles shorter than the median 22 days show superior post breakout performance." - ThePatternSite - Bulkowski's Cup with Handle
8 Count on Weekly - TD SequentialBullish divergence on weekly holding with 8 count on TD Sequential. Looks like $7700 is the line between bulls/bears. MACD on weekly should be turning bullish around Nov. 4th week, right when chart lines up to pivot upwards.
In my opinion we see a slow turn in the next two weeks. Buy it while you can ladies and gentlemen.
Bullish weekly divergence - Another view of incoming reversalYellow swoop lines are equal (most recent run and forecast line).
Blue line bullish divergence.
Coincidence? - Support line around $7700, swoop line and bullish divergence line all click together in next weeks for bottom reversal.
Sooner is better but max I see is week of November 4th this can lag can continue at this price level, or slow climb up to $8300, before we breakout.
November 4th week is when blue divergence line and yellow swoop line exit wedge pattern upwards.
I think we are set to test ATH pre-halving around April 2020.
All signs point to reversal for me....including this stale price movement.
