Short term possibility. Would be good short opportunity at 11.4K with target of 9.3K if it follows this path up. I like 8.9-9.3 range for support of this correction
All bubbles go thru the same cycle: Hope, Optimism, Belief, Thrill, Euphoria, Complacency, Anxiety, Denial, Panic, Capitulation, Anger, Depression, Disbelief. Google "Wall St Bubble Chart." I'm sure most everyone has seen it. It's a market cycle, and simply put, it shows the fear and greed elements of human behavior. The point is, humans behave the same way time...
What's up guys! I'm excited about what the future holds for Bitcoin and Crypto as a whole. We are just about out of woods of the bear market. I expect June to the end of the year to be a solid bull run back to the end of last year's levels or higher. There was a lot of profits and subsequently weak hands taken out of crypto after the run we saw in December--from...
DigiByte appears to be in the latter stages of forming a large Cup & Handle pattern. Shout out to alanmasters for his breakout call on DGB on April 11. I completely agree with his post (which I’ve linked below). You will not want to miss the earnings potential on this one. It has been and is severely undervalued IMO. It’s price has struggled since its inception...
So sorry guys, I published an idea but I guess I had my last click on the Gold chart when comparing and it put the idea under XAUUSD. So I'm just going to publish a duplicate so we all know this is long on BTC. I know I have some big fans out there of my Gold -0.30% and BTC 0.44% trend comparison idea. There's a reason why... it's working! I've reduced the BTC...
BITSTAMP:BTCUSD I know I have some big fans out there of my Gold and BTC trend comparison idea. There's a reason why... it's working! I've reduced the BTC chart to the hourly vs Gold on the daily and narrowed the charts to a smaller time frame for a closer look, where even smaller candlestick patterns are playing out freakishly similar. If you take a look at my...
Alright team, here’s what I think is the most plausible situation. BTC was in consolidation mode after the big move up but has just made an aggressive move towards the 8430 resistance. I think BTC is going to get rejected there, and after some sideways movement today, retrace down to the blue channel, where I expect a bounce. When it bounces in the blue channel,...
Most still saying we're going lower. I say higher. I believe we're forming a rounded bottom to complete an Adam & Eve double bottom (Pink V and U). What I keep hearing is that the chart for BTC shows no indication of bullish reversal, which is true. Some traders wait for a broader trend reversal indication before hopping in to ride the waves, which can take some...
The BTCUSD and XAUUSD fractal is still looking freakishly similar! I've compared the BTCUSD 2 hour chart with the XAUUSD 1 day. The patterns thus far have been strikingly similar but are playing out over both longer and smaller time frames. If you look at the 4 boxes I've marked for illustration of the similarities, you'll see that 3 of the 4 on the ...
The 7 year XAUUSD trend presents a freakishly similar fractal pattern to the 4 month BTCUSD bear trend. My prediction is that BTCUSD will follow in XAUUSD footsteps, illustrated by the blue line: 1) BTCUSD touches the current resistance once more (red line) 2) BTCUSD fakes a break of the log support (green line) into 7200 territory 3) BTCUSD bounces...