Giovi6969

Giovi6969 Updated 

This sort of move is common with Bitcoin. The lonely reason for such type of moves, is possibly coming from the exchanges margin trading and a mix of futures in the middle (some expire today). The market is not regulated. Unregulated exchanges operating margin tradings unfortunately have access to the margin trading users stop losses. As the market is not...

Giovi6969 Updated 

Looks like we finally found some new toy creating bubble cycles faster than Bitcoin. "Hey Bob i heard about a new stock of the legal cannabis business last month, you think i should inves... ah, nevermind Bob, it is already crashing". Hint: this could actually keep on raising more. Much more. I won't be surprised. I won't give any advice regarding this stock. I...

Giovi6969 Updated 

Prepare for some very important bullish momentum, this ascending triangle is a continuation pattern, and bearish breakdown from this triangle seems very unlikely. This is the buy opportunity of a lifetime. Wait a minute.

Giovi6969 Updated 

Hi, Nothing changed since my last TA. The descending triangle could lead to a continuation of the downtrend, as it is a huge triangle and a continuation pattern. IF Bitcoin closes below its structure line of life arount 5.700$, then the time for a capitulation sell-off is to be foreseen. If Bitcoin stays above 5.700$, then you can scream all good, this was a...

Giovi6969 Updated 

Comparison with Nikkei. 1°) Bitcoin line of life will break and the market will create new lows. Higher probabilities 2°) Last chance for Bitcoin if the market decides to reproduce this scenario of the H&S Bottom without creating new lows. This could happen if the Bitcoin structure rejected more lows and decided to produce the H&S bottom at higher usd levels...

Giovi6969 Updated 

Hi traders, I am almost feeling sorry for recently posting so many negative TAs, but believe me if the markets were showing bullish signs i would post bullish TAs One of the few rare market i see with possible incoming bullishness is gold Btc is a bursting bubble, Amazon is possibly ending up its Bubble parabolic raising pattern (though the parabolic uptrend...

Giovi6969 Updated 

Lots of influent persons on social networks are giving end of year targets around 25.000$. Has anyone tried to picture, let's even say 20k by end of year? There is only a few months remaining for this type of target to happen, so the charts could only look like this sort of drawing if a 20k target was to happen at the end of December. Do you think this is...

Giovi6969 Updated 

3 Failed rallies: 11.700, 9.900, 8.500. Every time Bitcoin retested the 6.000 level. If it retests this level that often, and that many times, it is because it wants to go below it. It is now very likely to happen : lack of liquidities to inject in the market, pressure of the bears with exhausted bulls, the early big time investors sold their Bitcoins to the...

Giovi6969 Updated 

Hi, The Bitcoin market is currently facing an important problem: there is an important lack of liquidity. Since some weeks, investors sold their main alts and sold their minor alts and shitcoins, and are apparently buying Bitcoin after they sold their alts. Some of the ex important alts (like Nano, Verge, Neo, Omisego) were sold a lot and formed new lows, to the...

Giovi6969 Updated 

If Bitcoin bottomed around the 5.800$ crucial support, we will probably keep on witnessing similarities with the pattern formed by the Intel stock: higher highs and higher lows, with a slow upward movement. Display the intel graph for further analysis. Bitcoin could display some close similarities if it bottomed. If Bitcoin starts to go back close to the 6.500$,...

Giovi6969 Updated 

Hi, As you can see Bitcoin is getting squeezed between a supportive/resistive trend line, and the 50 Smma. This implicates an important upward / downward move could be on its way, market has to make a bearish or bullish decision soon. We have to pay attention to the shape of the incoming daily candles, to see if they form a bearish reversal or not. Stay...

Giovi6969 Updated 

Hi, You will find the current Fibonacci levels (blue lines) if you want to study Bitcoin moves and possible bounces. If Bitcoin drops further, the Fibonacci levels of this TA could be reactive:

Giovi6969 Updated 

Hello, As you can see Btc is still reproducing a close cousin crashing pattern of the previous main crash. Green, yellow, red areas were almost similarly reproduced, in almost the same areas and levels. Now we can observe that blue is trying to form : a double bottom at a crucial support, that could lead to a retest of the 200 Smma, before diving to new lows. Of...

Giovi6969 Updated 

Hi to you if you are still interested with this market after the intense bearish pressure of the previous months. Bitcoin has possibly bottomed at around 5.800$. Weekly chart clearly shows a possible reversal trend start. Btc was supported by the weekly 50 Smma, and nicely bounced on it which is very important and actually bullish, even if this looks weak. Btc...

Giovi6969 Updated 

Hi Traders, You will find Attached the Fibonacci lines of the Bitcoin Chart from 2014-2015 that you could have used for knife catching if i was aware of Trading view existence at that time. The Bitcoin 786 golden Ratio held Bitcoin perfectly. You will find Below the Fibonacci lines of the 2018 Bitcoin Chart, with the Usd Value levels. So far those main Fibo...

Giovi6969 Updated 

Congratulations if you are still using Tradingview and you are not in a market crash denial, and thank you for having supported my previous TA that might have sounded like a "Fud" or a "silly TA" for the crypto maniacs and youngsters in a bursting bubble denial, telling us Bitcoin was bottoming at 7.700$. As you can see, Btc started its process of panic sell-off,...

Giovi6969 Updated 

2017, 2013. Different crashing structures for different reasons (diff. market cap size, diff. average investor profile, diff. reason of crashing), but a same post peak market behaviour. It seems that buyers and sellers are printing the same marks in this market when a peak is reached and the asset starts to be sold, following the break of the uptrend parabolic...

Giovi6969 Updated 

In my previous TAs i was describing what could happen to Bitcoin in case a bearish scenario was to happen, which should normally be the scenario with the highest odds. We should also be prepared for an eventual bullish scenario, which is possible even if odds are lower. As i explained on the last TA update, Bitcoin Rsi was showing oversold at 20, right at the...