Bullbearish

Bullbearish

MASK has fallen steeply over the past four months. MASK is currently down a whopping 86%. This trading idea needs the full price chart of MASK which is available on the Huobi Exchange. See the full chart and my idea described here: Sincerely, Bullbearish (I'm a Bull. But Bear happens!) PS: Nothing I post should be construed as trading or financial advice.

Bullbearish

MASK has fallen steeply over the past four months. MASK is currently down a whopping 86%. This trading idea needs the full price chart of MASK which is available on the Huobi Exchange. See the full chart and my idea described here: Sincerely, Bullbearish (I'm a Bull. But Bear happens!) PS: Nothing I post should be construed as trading or financial advice.

Bullbearish

MASK has fallen steeply over the past four months. The steepness is less apparent here because this chart is a logarithmic chart. None-the-less, MASK is currently down a whopping 86%. Although recently listed on Coinbase -- where's the "Coinbase Effect"? (Or the "Binance Effect" for that matter?) MASK does look primed for price surge. Why? - It's rare...

Bullbearish

Continuing my (unreasonable?) interest in radial lines as a type of TA, here's an additional curious take on the familiar 12-year Bitcoin price chart. Explanation: The yellow radial lines go from a low to the previous high. The convergence area is circled in yellow. The orange radial lines go from a high to the previous low. The convergence area is circled in...

Bullbearish

Continuing my (unreasonable?) interest in radial lines as a type of TA, here's a curious take on the familiar 12-year Bitcoin price chart. I don't put much faith in the last radial line (because of the late 2023 date), but it does represent an interesting "idea". By the way: I'm somewhat critical of those who "fit" a couple of curved lines to Bitcoin's 12-year...

Bullbearish

Well, in a heavily manipulated market, one never knows. But I don’t think we’re there yet. This is update #9 to my original May 5 post. See my previous post for the big picture. This is a tight 1-hour zoom in. At the risk of being stoned to death (I’m an observer, not a prophet), I offer this plausible scenario: I expect Bitcoin to bounce around the (downward...

Bullbearish

Bitcoin has arrived at the upper parabola. If I'm correct, the predicted and (dare I say) manipulated Bull Trap is here. This is update #8 to my original May 5 post. Note, however, that the Bull Trap was first called on the June 6 update. I'm not bragging, I'm warning: If the near-vertical radial line "e" is saying what I think it's saying, we're at the edge...

Bullbearish

"Looney TA from a Looney Bear!" Well, these parabolas and radial lines are certainly unconventional and unorthodox TA — but they continue to amaze me with unexpected alignments and intersections. And my predicted double bottom at $30K happened at $31K instead. But hey, that shows we're in a strong Bull market, right? This is update #7 to my original May 5...

Bullbearish

Parabolas and radial lines: Unconventional and unorthodox TA — but they continue to amaze me with unexpected alignments and intersections. This is update #6 to my original May 5 post — showing one addition radial line (“e”) and the below plausible(?) Bitcoin scenario: 1. Double bottom at $30K. (A manipulated Bull signal?) 2. Strong bounce to the “hopium”...

Bullbearish

Warning! Conspiracy theories ahead: 1. Why does the January-to-May BTC chart (with its mid-April ATH) form a near perfect curve? 2. Why do *all* other BTC ATH charts form sharp mountaintop peaks? 3. Why am I (and most all other 12-year-BLX curve fitters) *unable* find a natural/logical curve that passes thru April’s ATH? Conspiracy Theory #1: Might the...

Bullbearish

After *every* previous ATH, Bitcoin returned to the bottom line of its well-known, 12-year, parabolic channel. (Many posts on this. Search for “BLX”.) Usually this return is painfully slow with the low marking the beginning of the next multi-year rally. This chart shows some unusual TA in the form of radial lines (labeled “a” thru “d”) that draw attention to...

Bullbearish

“To the moon!” shouts abound and hopeful rebound charts are everywhere.  And as with all previous Bitcoin corrections, optimistic flames attempt to ignore the encroaching waters of reality. Reality: Major corrections happen.  Always have, always will. Reality:  Long-duration TAs trump short-duration TAs ... and the chart above is the longest Bitcoin Technical...

Bullbearish

BTC price manipulation to achieve a much needed retrace is one thing, but today's unexpected and brutal $8,300 plunge was downright mean-spirited and mostly hurt, in my opinion, the small investors. Furthermore, I believe the current rise towards $38,000 is a head fake -- verified in part by the OBV indicator at 1 minute. Beware! Another downward plunge is...

Bullbearish

This is an update to my parabolic-turn-around idea originally published May 5: Well, this did happen -– and it *was* scary! But it’s the downward overshoot that amazes me.  It didn’t bounce off my 50% retrace target of $34,300 -- it bounced off the lower parabola – exactly!   Furthermore, if one draws the 14-month-old price channel (shown in red), the lower...

Bullbearish

This is a May 16 update to my parabolic-turn-around idea originally published May 5 (and updated May 12): Well, this does appear to be happening. Should you be uncomfortable with my $34,300 target for BTC, may I remind you that a short 14 months ago, its price was $3,782. That’s not a typo. The price was $3,782 (not $37,820). And may I remind you that large...

Bullbearish

An update on my May 5 idea: I tweaked the parabolas to accommodate the latest price action and added the radial lines a, b, c, and d. I did “cheat” (with some reasonable(?) TA rationale) on lines a and c, and I note that lows and highs occurring early or late in a day would affect the slope of these four long(!) lines. The results are scary. Line d...

Bullbearish

Bitcoin has surged over 1700% since March 13, 2020 -- without a major retrace. Might a 50% retrace be nice, normal, needed or required before advancing further? I say yes to all four. And it is well underway.

Bullbearish

Should we fall below our current floor ...