ILL_Midas

ILL_Midas

Summer is hot, And the bubble just popped! Sit back and enjoy the ride! Great things come to those who wait! After breaking the symmetrical contracting triangle It's certainly text book To retrace to the lower quadrant of that triangle before next run Minimum retrace acceptable for me is 9.5k around the 0.382 Maximum retrace speculated to be around 7k at the 0.236

ILL_Midas

Bear Market Confirmed Symmetrical contracting triangle on the weekly, broke out, retraced and initiated bull market, PI Cycle top was April 11th signaling the end of bull market, this occurred during a massive ascending wedge. Currently what I see is a massive head and shoulders on the weekly. Combined with Metcalfe law fair value at around 8k range on the...

ILL_Midas

Here we can see Bitcoin at critical resistance back below the critical resistance in January of 2021 where we seen a minor correction if Bitcoin continues up from here the highest probable level that I could see is the point 382 on the Fibonacci sequence thus I would expect Bitcoin to have major resistance there around 43,333 and that's only if Bitcoin continues...

ILL_Midas Updated 

Please share your thoughts and opinions. If you have any questions please feel free to ask. Above is my projected estimation of the next Bull Market. I will be executing a buy on or around March 26th 2020 From that buy I will be Holding my Buy until October 13th 2020 (TBD By Future Analysis) Stop Loss will be set at or around $4,200 Take Profit $18,000 (TBD By...

ILL_Midas

Here we can see the Bitcoin golden ratio sitting around 6.3 k on the weekly time frame which also lines up with the 200 moving average. It's important to also note that we do have a looming death cross currently in play and if this death cross plays out over the medium to longer term we could certainly in my opinion see Bitcoin test the 200 moving average to put...

ILL_Midas

As we move into the month of September we can see that Bitcoin is on the verge of entering a bear market will this happen today probably not but still possible I do believe this death cross will complete within this week if we do enter a bear market it could also be a very short-lived bear market ultimately pushing the death cross back up into a golden cross which...

ILL_Midas Updated 

The start of something new always happens on lower timeframes. The Great Transfer of Wealth is here. July 4th 2020

ILL_Midas Updated 

BTC to .618 weekly macro fib

ILL_Midas Updated 

Looking for a bounce off the trend line here.

ILL_Midas Updated 

Over the past three days I have watched the lower timeframes and have witnessed TD sequential flash a 9 on the 1hr all the way to now, The daily chart, what we have here is a double top on BTC at 11,463.27 and a 9 on TD sequential 😂 Gap fill at 9.7k, Not financial advice, Do your own research

ILL_Midas Updated 

Currently the BTC1! futures weekly candle is soon to close, It is important to note that it is currently a holiday weekend. The 12 EMA is currently below the 100 EMA for the first time since December 2018 Last time this occurred, BTC experienced a 50-60% drop BTC is currently up 100% from the March 12th capitulation bottom......Will BTC capitulate again to retest...

ILL_Midas

Simply put BTC is inside a new capitulation cycle, And The price is in an uptrend, This is the biggest Hidden bearish divergence I have ever seen in the history of bitcoin!! My targets have been set within the 3k levels once more

ILL_Midas Updated 

Capitulation is basically when Miners stop mining and sell some of their bitcoins to keep operations going. However Capitulation is more likely to occur at the end of every annual year now due to regulation and taxes. It is easier to calculate loss/profit by shutting or slowing the network down and washing your hands so to speak. Power consumption costs are higher...

ILL_Midas Updated 

As we head into December, We can see that the major drops I had predicted since November 14th has occured. Bitcoin is currently fighting to stay above the major Support line that developed back in march of this year 2019 when Bitcoin had the golden cross and rallied to 13k zone. This support line is set to break as we are no where near the end of our...

ILL_Midas Updated 

Major Support at $8,300 If Major Support breaks, Second Major Support at $7,800

ILL_Midas Updated 

We have officially capitulated, Get your Wheel chairs ready. That is all.

ILL_Midas

Capitulation now beginning to show on major exchanges. I'm calling for the 50MA to fall below the 200MA to form and complete a death cross

ILL_Midas Updated 

Bitcoin to the slight upside until around November 22nd 00:00 - 05:00 UTC-5