FrederickDupont

FrederickDupont Updated 

2 things : Bounces and volume. First, we can see that from the 6k base, bitcoin has had 4 bounces which are smaller & smaller and weaker & weaker. This indicate that this base lose strength and that we should not be surprise to see the 6k base not be able to hold the price. Second, the volume is lower & lower on each bounce. This also mean that this base lose...

FrederickDupont Updated 

Hi folks ! This is just a scenario. However, for me this is the scenario that have the most chances to happen for bitcoin in the next few years. I think BTC will crack the big bearish triangle in the next few months, then will form a new bullish triangle and finally will breakout this last triangle upside. But hey... This is just a prediction for fun ;) Stay...

FrederickDupont Updated 

We're finally at the end of this super long triangle and this super strong figure is about to break. It could be the decisive element between a prolonged bear market or the start of a new bull. Facts : -This is a bearish triangle -BTC is under the 200 and 100 SMA -Market is bearish -Volume is still declining -Less and less volatility -Bounces on the 6k level are...

FrederickDupont Updated 

It's tempting to buy BCH right now but it would be a dangerous move, This thing is way too overbought and the probabilities and pattern are clearly for a drop back to the yellow line. I don't think Bcash will sill continue to go up and break resistance unless the whole market wakes up. Stay tuned for more updates, Fred

FrederickDupont Updated 

End of a market cycle, higher inflation, interest rates hike are inevitable, Bond yield will be higher than stocks dividends soon... Stocks could continue it's bull run for a while, however I think we really are on the top of the current economic cycle and the whole stock market could eventually drop significantly lower. And I'm not even talking about the China...

FrederickDupont Updated 

Hey guys! So today I'm taking a look at the European market, more precisely the German stock market and this is not looking so good now. Since Germany is the economic power of Europe, we can rely on this index (DAX) to know what's up with the European stock market. After the Dow Jones index or the S&P 500 index, my favorite one to take a look at the western...

FrederickDupont Updated 

I really doubt that this bounce will be different than others... It will probably be a dead cat and follow the previous pattern ( go to 6k, a bounce and then go back to 6k and bounce a bit lower than the previous bounce...). Also, look how the 200 daily sma has been a strong resistance in the last few months. There is low probability that this bounce break this...

FrederickDupont

6.8k is a strong support for bitcoin, we could bounce from there to at least 7.3k and maybe even go back to 8k. However, if we break this support BTC will probably drop back to 6k again... Where it will be a good zone (blue zone on the chart) to start buying again (look at my previous analysis ''Buy Time Or What ?'' in the related ideas section below). I'll buy...

FrederickDupont

SO this is really simple, bitcoin has to destroy this pattern of lower lows and lower highs to stop the bear market and get back on it's bull run. When bitcoin will break 10k, that will be very bullish. When bitcoin will break 12k, that will officially mean the end of the bear market for me. Will this happen now ? I have no idea. The 200 daily moving average...

FrederickDupont Updated 

Like EVERYTHING in life, markets also moves in cycles and Bitcoin is no exception. From the Big bang theory to the global warming, it's all about cycles. Always. That's why Elliott wave theory, as imprecise as it can be, is one of the best indicator to help us know where we could be in a market cycle. So, where the f**k are we in this crypto cycle now and where is...

FrederickDupont Updated 

What's up guys ! So we have serious downside action again on BTC. The price is now at 6.25k ! Since everything has been broke, the price decline might continue. However, Bitcoin could bounce at any time... The price is sooo low and that's why I'm comfortable starting buying now. We have support at 6k, so 2 options : 1) A good bounce at 6k. 2) A drop between 5k...

FrederickDupont Updated 

We can see a interesting pattern here that could repeat again and according to the logarithmic chart, if it repeat it should be right about now. This is just a possibility, don't take a trade on this, fractals don't always works but I find this one really interesting so that's why I wanted to share it with you guys. If you want to know what I really think will...

FrederickDupont Updated 

Hi folks ! So this is a just for fun... Just to see where and what are the big resistances Bitcoin will have to go thru to break 20 000$. I Don't think a breakout of 20k will happen in 2018 since we are in a really bad bear market since almost 7 months now... It looks like the bear will continue for the rest of the year. I think the lowest price Bitcoin can go is...

FrederickDupont Updated 

What's up guys so this is a new analysis and educational update on the only true crypto king, Bitcoin. So we have a strong support at 7.8/7.9k and we could bounce on it and go retest the 200 sma around 9k or continue to drop thru this support as you can see on the chart with scenarios A and B. If the market decides to break that support and go with B, I think BTC...

FrederickDupont

So as you can see on the chart the big neutral triangle + the yellow line shows strong support around 6.9k. Also if you take a look at the RSI, you'll see that we're near of 30... Each time the RSI goes around this level Bitcoin bounce hard. If BTC drop around 7k the RSI should be around 30... Honestly Bitcoin could bounce at any moment but I think if BTC fall...

FrederickDupont

So as I told you in my last BTC analysis (you can see it in the related ideas section just below), I expected more downside to come for Bitcoin since it was overbought and testing it's 200 daily moving average, which is a crucial resistance. I'm now looking for support and where Bitcoin could eventually bounce. This is what I see : First support zone between 8k...

FrederickDupont Updated 

3 simple reasons make me think that : 1. We just hit the 200 simple daily moving average 2. The turquoise line show a strong resistance zone 3. The RSI is a bit overbought So just be careful if you want to invest in BTC, maybe the bear is over, but BTC is overdue for a correction. Let's see what will happen in the next few days. Stay tuned, Fred

FrederickDupont Updated 

This is definitely a crucial zone for BTC. It kind of look like the short term fair price for BTC atm cause we see so much argument in this area for months now. Seems like this 9-12k zone is the pivot between a bear or a bull market... But even if the price drop below that strong argument area, this could be a golden opportunity to buy some cheap Bitcoin. Cause if...