CivilisedWolf

CivilisedWolf

Comparing the 3k bottom and the current (if this is the bottom).

CivilisedWolf

If we keep holding these levels above the 200d another massive breakout is likely

CivilisedWolf

This idea is a guess in finest form

CivilisedWolf

Here is my guess on how bitcoin will move the rest of 2019. I think we have entered re-accumulation / consolidation. In the previous bull run, somewhere just after the start, we also entered re-accumulation, see my image below: I think the pattern we are in right now is a bit similiar. So this means no big moves until nov/december, I think the next rally will...

CivilisedWolf

Stuck in wyckoff accumulation pattern. Currently building an ascending triangle, if breakout occurs the price of zilliqa might double.

CivilisedWolf

Comparing historical pullback waves. Average retracement in bullish run: 30-40% Average fib level retracement: 0.6 fib Pure historical research, no advice to buy or sell.

CivilisedWolf

I see clean lower highs and a flat support. This descending triangle has a 70% to break down and a 30% chance to break up. Seems like a good shorting opportunity to me. Just use proper SL

CivilisedWolf Updated 

Reason is a weekly rising wedge and topping on a weekly 9 sequential.

CivilisedWolf

To me, it looks like the market is moving slower after each cycle. Our last bull run was longer than the previous one. The 2014 bear market was also longer than the 2011 bear market. To my findings, the bear market of 2014 moved 2.5x slower than the 2011 one. If we use that same factor this time according to my calculations the bear market now should end around...

CivilisedWolf Updated 

Comparison of the first bitcoin bear market and the current one. Same bubble route.

CivilisedWolf

By connecting trendlines this rising wedge shows up. It would take us up to 5k. After that we should move back down to continue the bear market.

CivilisedWolf Updated 

I copied the fractal of the 2011 bubble and roughly scaled the speed to match our bubble. It would put a bottom in January 2020. I was thinking. Why would we bottom earlier than the 2014 bear market? Wouldn't it be more logic that the cycles take longer now? More money is involved. The 2011 bear market took half a year, The 2014 bear market took roughly a...

CivilisedWolf Updated 

Hello everyone, If you follow my telegram channel you seen my call and the discovery of the june fractal playing out. + There is a big daily bullish divergence. Here is the fractal comparison I made: The fractal of june was part of a big inverse h&s formation. I'm considering that the fractal right now will also extend also in the same formation. If that is...

CivilisedWolf

Hi everyone, I think we are at a crucial area for Bitcoin. Will we hold support at 6k or are we going lower? The average cost for mining lies around 6k. Could we be starting to look for a bottom? I decided to look at onbalanced volume to see if there is anything interesting to find in this indicator. On balanced Volume could be used to spot a trend reversal. We...

CivilisedWolf Updated 

Hello everyone, A quick update on Bitcoin. It is finally giving us a pattern that we can properly trade. Looking at the 4HR chart we can see that Bitcoin is forming an ascending triangle. An ascending triangle is a bullish pattern and therefore a break to the upside is likely. I've added levels on going long and short. This way you can trade the pattern both...

CivilisedWolf Updated 

Hi traders, I want to share with you the possible formation of a rising wedge . This is a bearish pattern. Price can move as high as 78xx before making a major drop I think it is likely that this will retest 7k support and probaly break it to send us back to the 6x range. I've added some sellstop price levels depending on if the price gets there. You should...

CivilisedWolf Updated 

Hi everyone, As seen on my chart we are currently in a neutral zone . Within less then 3 weeks we will know what decision bitcoin will make. Will we enter a bear market or a bull market? We do not know and it is up to Bitcoin to decide. Because we do not know what the outcome will be you should be ready for both bull and bearish outcome. Therefore it is wise...

CivilisedWolf Updated 

Hi traders, Today I want to share an interesting pattern with you. Looking at the weekly chart a falling wedge has been (near) completion. Falling wedges are classified as reversal patterns. Please click this link for a reference: d.stockcharts.com The dip we are going through would be the support test or pullback . The support line of the wedge lines...