CoinChartist

CoinChartist

Sincerely hoping this isn't true, but made this chart for *fun*.

CoinChartist

Bitcoin's recent uptrend doesn't look finished, according to the last bull rally. Both rallies had a golden cross of the 200-day and 50-day moving average, and each time resulted in an immediate ~10% crash. After that, there was an enormous upside. Even both 'bottom' structures look extremely similar.

CoinChartist

The Ichimoku indicator is signaling that a new uptrend is starting in Bitcoin. Although a massive, record-breaking drop occurred yesterday, causing Bitcoin to drop $1,000 in one hour, the fall is currently holding at important support. According to the Ichimoku indicator, price has fallen to the Chikou Span after penetrating the cloud, but failing to get through...

CoinChartist

According to the last cycle, which fits a similar-sized triangle structure, Bitcoin has around another year to go before it revisits all-time high. Also, based on this data, the current value is overextended compared to the same time last cycle, going by how far its up from the bottom, and how little it has left to go to ATH. At this rate, however, a faster visit...

CoinChartist

Fiat inflow is low and whales have been trying to artificially incite FOMO. But even a push above $10,000 doesn’t seem to have caused a wave of FOMO. They could start selling at this trend line causing the wedge breakdown. Or bulls blow right through it and we go full bull run. Possible reversal at PRZ if we fall back into bear. Seeming unlikely but wanted to...

CoinChartist

If this fractal repeats, we will see a break of $10,000 and another top formation, then a short, 2-3 month correction before full bull begins.

CoinChartist

Gold very well could be in a longer term uptrend but I don’t think it gets through this resistance the first try -and things are looking very overheated on monthly timeframes. A bearish wedge is forming, MACD is signaling overbought and looks to be turning down, and there’s a bear div on the RSI.

CoinChartist

Bitcoin has fallen back into a long-term uptrend channel dating back five years. Will this be enough bullish momentum to carry Bitcoin higher, or will the bear market push Bitcoin below the long-term trend channel?

CoinChartist

Bitcoin's NVT has been an ultra-reliable top sniping indicator for the last two years, and is now signalling the top is in once again. It also appears to be setting up for a November 2018 style drop in the weeks ahead.

CoinChartist

Markets are cyclical and history repeats. Will we see a repeat of the November 2018 drop and early 2019 bottom formation before rallying higher once again?

CoinChartist

The Halloween Effect, Halloween Indicator, or Halloween Strategy, is trading on a belief that assets typically perform better from October through May. This is also where the "Sell in May and Walk Away" idea comes from. This post looks at past performance in Bitcoin starting back from Bitcoin's last bull market, to get an idea of what sort of gains we can expect...

CoinChartist

Here are the most important levels and trendlines to watch in the coming days in Bitcoin markets.

CoinChartist

Using a Gann fan and a Schiff pitchfork we can see that Bitcoin price recently fell back into the lower purple band of the long-term growth channel, and will likely test the bottom of it around $6,800, before returning to its bull market cycle. This is time to reaccumulate BTC.

CoinChartist

Just an idea based on a number of shapes, patterns, supports, resistances, and a fractal I have found in Bitcoin price charts. New ATH before halving. I've linked to a short term idea as well.

CoinChartist

Short-Term: 404, buyers not found. If Bitcoin COINBASE:BTCUSD was going to break into new highs before retesting some lower support, it would have done so at this last peak at $12,250. Since then bears have been in control, and have formed a descending triangle. Target is very low $8000 range, but given the strength of the move I think BTC price will wick...

CoinChartist

Bitcoin NVT Ratio, an indicator commonly used to time the tops and bottoms of Bitcoin "bubbles" has signaled a top is in, and during my analysis, I realized it never signaled a bottom was in during the December 2018 bottom. However, I am not sure what this means, as the creator of the indicator is bullish while the indicator suggests more bearish price action...

CoinChartist

Bitcoin is painting a bear flag on the 4H and 1H with a target of below $9,000. Bitcoin won't be seeing five digits again for quite some time. Short BTC using PrimeXBT (ref): primexbt.com

CoinChartist

I expect to hit $5800 relatively soon, and $4200 to be the ultimate $BTC bottom. I don't expect price action to play out exactly like this, but its a good reference for why targets were chosen. Short each top and long each bottom using PrimeXBT (ref): primexbt.com