Repeating
LONG ETC (~90€) ETH vs BTC Forecast Midtime repeating patternI think there is a possibility for the ETC to follow the ETH, because the last big bulltrend show the same way. Maybe the ETC bulltrend is 2-3 Weeks later then the ETH but in my opinion there is with the same blockchain and some different DEV Teams in both chains much potential.
My Forecast for the next month 04.2018...
ETH ~ 2000€
ETC ~ 90-120€
My forecast is only approx. and im not yet a pro trader so, please dont buy too much with my forecast.
Every Advicce / Tip is welcome to get better in TA.
Repeating trend - new ath?Hey all,
I just noticed the amazing similarities between the second week of December and the last week. It starts with the same downtrend (and little peaks in the downtrend), then bottoms out in the same area, finding the same resistance area's in the uptrend. Are we looking at a new breakout to new all time highs (with a possible parachute jump down....)?
Let me know what you think. Oh, and keep in mind that I'm not an expert by any means so do not take my observations as your leading financial advise. Heck, even I don't! ;-)
$GCR Long- Exaggerated bullish divergence on a 1 week interval
- Repeating cycle?
- Stoch RSI oversold
Bitcoin: History Repeating Itself, but much faster cycles?The Pattern:
It appears that a pattern is emerging in the corrective cycles of Bitcoin.
The magnitude of the highs and lows align almost completely, except at a much faster speed than before.
The Numbers:
Following projections from the bar pattern of the rally from 3,000 - 5,000 - 3,000 - 6,000, we can guess that this cycle will be 5,500 - 8,000 - 5,500 - 9,000.
More specifically, in the short term, we can expect a minor 200-300 correction (perhaps down to 7,100 or 7,000 support) .
This should happen within the next 24 hours at this speed.
It will then become a crucial point. Just like the previous rally, many bears could consider the 200 - 300 correction as a signal to the start of Wave C of long term A-B-C Elliot Wave correction.
However, if, like before, the bulls can once again turn it around, then we might very rapidly see a rise to 9,000 by the end of the month .
The Target
In my previous Double Bottom Trade idea, I highlighted an eventual target of 7,900 (previous all time high).
This idea suggests that we will go further.
9,000usd is an important figure that many ideas have missed out.
Many U.S. traders fail to recognize the overwhelming volume of trading coming from the rest of the world, specifically East Asia.
The Aligning of Whole Numbers
There are very few numbers where major psychological barrier numbers align.
Quite roughly, 9,000 USD = 1,000,000 JPY = 10,000,000 KRW = 60,000 CNY
This alignment of whole numbers is likely to have a strong impact on the market.
Let's see how this unfolds.
As always, trade safe and stay nimble.
The speed and momentum in BTC now can easily destroy margin positions!!
I think I’ve got a big winner here.First of all; when I publish this idea my drawing gets messed up so please look at this image instead of the chart because I’m not redrawing this.
So I’m not an expert but I am obsessed with crypto and watching the charts. Ignore the white unfilled triangle. But I was very right on that idea too.
LOOK AT THIS. THE SIMALARITIES ARE UNBELIEVABLE!
SEE THE PATTERN LEADING UP TO THE SMALL BREAKOUT, THEN THE 4 ONE DAY BARS, THEN THE MASSIVE BREAK.
FOLKS... I THINK WERE GOING TO THE MOON. I’m going all in within the next 48 hours for 6 full days (if I can be brave enough lol)
So why is this chart legit?:
The yellow triangles, the white square 0.00% , the red down trend line and even the green up trend are clones and I did my best to position them without rotation or scaleing. This is nearly the same historical behavior ON THE SAME TIME FRAME (give or take 24 hours).
Disclaimer: I’m a crypto attic NOT A FINANTIAL ADVISOR!
But I do believe, very much, this is about to happen! BITCOIN WAS FORKING LAST TIME THIS HAPPENED AS WELL. THIS IS NEARLY A REPLAY OF WHAT HAPPENED just a little while ago.
ANOTHER ODD connection: FACT. The big drop started on September 12th! This new rise started on October 12th. Bitcoins last fork was August 1st. See the red lines. The blue boxes are roughly 6 days leading up to the bitcoin fork . Price action leading up to this duplicate pattern is similar.
One flaw in this duplicate price action matching bitcoin fork timeline. The bitcoin fork isn’t for 14 days... so we could be ahead of schedule. Set stop at about 50, but it depends on where I buy in the next 48 hours.
What do you all think? Is there something here?