Esmaeel

Esmaeel

Is XRP going to fly soon?!

Esmaeel

Hey guys. I hope you are making a lot of money with your trades and are getting richer every day :) Just a quick update. I wish I drew this channel earlier and bought Bitcoin every time it did hit the middle of the channel (the green line). I think we will go down one more time and will hit the middle of the channel at around $5500 before this bear market is over....

Esmaeel

Hey guys. I missed the price jump.Damn it. We did not hit ratio of 0.1 yet, so I think BTC will go down again soon. Looking at my chart, I am still bearish. We tested the middle of the channel as a support and it worked. Now we will test the top of the channel as a resistance and hopefully it will go down again like it always did this year. Let's wait and see.

Esmaeel

Hey guys. Look at my simple chart. It only has 1 day EMA 26 and EMA 12. No head, shoulder, cup, handle or waves :D The bitcoin price fell down whenever it reached between EMA 12 and EMA 26 since it fell from 12k level... One resistance since then and nothing changed yet. The 24hr volume just hit 4 months low! Do we have a break out toward up when the volume is at...

Esmaeel

Hey guys, just a short update that we still did not get to the 24 hr volume over market cap ratio of 0.1 (explained in my precious post). I might be very wrong, but I think until we get to this damn 0.1 ratio, we will turn and go down again! I hope I am not wrong :)

Esmaeel Updated 

Hey guys. Bitcoin will probably go down until the ratio of 24 hr 0.04% volume over total crypto market cap reaches 10 percent (or 0.1). These values are available on top of the coinmarketcap.com website. Currently, the 24 hr 0.04% volume is $18.3 billion and the total crypto market cap is $324 billion. The ratio of them is 5.6% (0.056). As the price goes down, the...

Esmaeel

Hey guys. Based on my stupid theory that worked almost all time this year (not always), bitcoin will go down until the ratio of 24 hr volume over total crypto market cap reaches 10 percent (or 0.1). These values are available on top of the coinmarketcap.com website. Currently, the 24 hr volume is $14 billion and the total crypto market cap is $337 billion. The...

Esmaeel

Hey guys. Just a quick post to track my analysis. It looks like BTC is close to the rising bottom of a bear flag and will probably break down. If BTC breaks down the flag, the next support is in $8500 area which is the previous low. After that we may go down more to reach the bear flag target and probably around $6k. The 24 hr volume to total market cap ratio is...