Giovi6969

Giovi6969 Updated 

Possible supports Let's see

Giovi6969 Updated 

This one had 2 major descending triangles, both broken by the bottom so far

Giovi6969 Updated 

We are quickly going to study the previous Bitcoin bottom symptoms; 2011 2014-2015 What is important to possibly form a bottom: => Smmas pierced and support established on them => Major rounded bottom with a double bottom present in a period of several months There is no bottom special candle as some people are saying on social networks, there is...

Giovi6969 Updated 

Well, Previously this idea was a start to take the market temperature level of delusion: Let's keep on again with this today's chart, for history lol. Thomas Lee just said on TV that his end of year target is 15k. Some other "mega bulls" are still giving end of year targets of 20k 15k target EOY does not leave another choice than seeing an almost vertical line...

Giovi6969 Updated 

In the previous charts i was explaining the possibility that Bitcoin was in what appeared to be a correction phase as it was still above the the weekly Smma 50 (blue Smma ) Bad news is that now Bitcoin is below. Unless it produces a false breakout (if we imagine Bitcoin beeing above this blue Smma for exemple next week), this is trouble. Bitcoin broke its main...

Giovi6969 Updated 

The Rsi is so low, that it it might be "worth zero". I mean, there should be a bounce right here. And this is this bounce we need to study to take a market temperature : how powerful or weak is it going to be? The problem with such a recent Bitcoin move, is that it is not inconsequential. There is basically a free drop zone from here to the green supports. So if...

Giovi6969 Updated 

Some cool people are screaming for a capitulation on social networks; I am not cool, and i don't wear a tuxedo nor a tie, so i am absolutely not sure if this dump is capitulated investors selling. There is no guarantee of a capitulation yet, this is gambling, imo. Let's instead focus on why i was wrong (unless there is a massive false breakdown), and see how it...

Giovi6969

The naughty P. Brandt's trend line was already broken Now you do this btc, and no false breakout pls.

Giovi6969 Updated 

Sir

Giovi6969

Could be wrong, But thinking Eth will remain below 100$ might be an insane idea. Well, this is what the market is saying so far if we translate the chart.

Giovi6969

After a false breakout in October, buyers are giving it another try Could fail to pierce due to a lack of momentum Could transform into a massive bear flag if it fails, but less likely than a successful piercing movement of the Smmas for now

Giovi6969

200 Smma, 50 Smma And the Fibs 2h Chart is also important

Giovi6969 Updated 

Meaning we would be right now at the main bottom of the structure, "but we are not aware of it", as always. This is a wait and see action.

Giovi6969 Updated 

Previous idea: Please refer to the update of the 10th of October from this previous TA : bubble parabola broken Take care

Giovi6969 Updated 

We could actually have had our last leg down of the bear trend on the 11 of October; From January till now, the massive sellers appears to have gradually lost control, the size and time frame of the massive legs down became less and less strong; Bitcoin tried to form a bottom; The last leg down from October was very quickly bought and a short squeeze...

Giovi6969 Updated 

Bitcoin is slowly stabilizing around the 6.400$ area Thanks to Enzo doing a surprising "distance work", we managed to see that Bitcoin started to settle above the major resistance of the descending triangle. This is encouraging, especially knowing that a compound bottom (ok a compound fulcrum bottom, thank you M. Brandt) was as well formed inside a part of the...

Giovi6969 Updated 

As we are did expecting bitcoine is bounced in green recttangolo because mi brother giorgio says: picture is better than words, he did tolde me just pute picture no word he is expect bitcoine try pierce blue smma i'm are have to going pray la dona and bitcoine that it do il pierce della blu smma you is to decide if use il stoplosse o no