I had the value channel shifted up and repositioned it to align with the rest of my bitstamp charts.
Turning very bearish for BTC per outcome of today's mtg... on regulatory climate in USA
If we can't hold this trendline, then I suspect the low volume is everyone waiting to hear outcome of tuesday regulatory mtg - this is common in stock market ahead of a big fed/other mtg and much of the new volume will be driven by more sophisticated investors I think going forward until bitcoin has another parabolic run, then all the masses come out to FOMO in. ...
Expect some resistance and pullback at 20 and 50 MAs. However, feb 6 is major hearing day for regulatory landscape in USA... will be keeping an eye on it. It could damage utility tokens like ETH if regulation steps up and help BTC.
Perfect spinning top and TDSA 9 sell setup for nice pullback
In four years, I would expect the value-range conservative estimate for BTC to be at least $230k, but far more likely to be ~$500k or higher. Ceiling would be $52 million per bitcoin which seems ludicrous - as that would mean at least $40 trillion dollars would flow into BTC considering the float and lost private keys.
Can see scenario where daily 50 MA and 200 MA meet as BTC does it's final find-a-bottom retest and establish as solid base in perhaps late Feb/March... no death cross... just a base and on to new highs. The 50 MA (pink) will move down to meet 200 MA (red), but instead of death cross, we get a solid support touch at the same time BTC is finding it's new bottom...
(Worst case projection) ...and yes, this mofo will do that inverted loop-de-loop because it's f$%kn Bitcoin and it can bend space-time and it don't give a f#%k. gph.is
Find a new bottom in next 4 weeks before chinese new year and then to new ATH... to infinity and beyond.
If/when we have capitulation have limit orders in to buy long above 200 day MA and if lucky at touch of historic value channel This also coincides with ~65% price reduction from ATH as predicted earlier by break of parabolic ascent.
expect a selloff as low as either 200 daily moving average around $8k or worst case a quick capitulation down as far as $6500. If you don't have your limit orders in before the capitulation, expect no access to exchanges while they are all down!
ETH: my targets to buy in green boxes: 20/50 MA and previous high at $874 which would be perfect 38% selloff
Bitcoin, Alts, everything may correct overnight. Going to USDT and then back to ETH after see where the storm goes. BTC target this month of $7500 bottom. Suspect alts and ETH will do well in coming days after the correction.
I expect a strong rally for next 20-22 hours based on time analysis (TDSA). Power Ledger is one of the few alt coins that has actual product and customers. Read up at their website and news: coinmarketcap.com
For those without 4k monitors: use this link: In the past BTC only retraced 67-87% after breaking the lower parabolic ascent (green parabola) after a massive 50-80% runup in a week followed by another runup of similar magnitude. This caused the correction to start near the green parabola, not the red one so I am still bullish we have not seen the end of this...
This is great BTC long entry on bitstamp with tight stop below 50 daily MA
GBTC value is about 15 % above NAV. refer to chart. Sell when gets above 80% NAV.
Shown are all the key timeframes from 1/10/30/60 min and 4 hr, daily candles from top left, down and then up to right. If we keep testing this $16k level there is good chance it will give way to drop to next support. Watch what happens on the wicks of the hourly or longer time frame candlesticks. If they are long, that means things get bought up quick and very...