Previous pattern shows support at 3k. I expect a retracement to $8800, then a run to $13,000 before correcting to 3k. From there a possible inverted head and shoulders could form, taking us to 25k by the end of the year. Previous support(forest green trend line) becomes resistance at 25k.
"In the business world, the rear view mirror is always clearer than the windshield." - Warren Buffet
This idea was originally explored by @E55, I would like to follow up with my own analysis of the situation. Here, the charts are both on the weekly time frame. You can see the BITCOIN and NASDAQ look exactly the same. Bubbles are characteristic in that they reflect the emotions, decisions, and sentiment of all parties involved. BOTH had impulse waves up, a massive...
This idea was originally explored by @E55, i would like to follow up with my own analysis of the situation. Here, the charts are both on the weekly chart. You can see that the NASDAQ and BITCOIN charts have the same bubble pattern and look EXACTLY the same. Impulse wave uptrend, massive bull run up 153%, correction down 77 percent from the peak, to the bottom....
Bull trap confirmed. So many pro traders saying its bullish no it's not. Cross over on the sma confirms bull trap, aggressively broken 6.18 fib level on the monthly chart further points in the bearish direction. Stochastic rsi is overbought. No volume to back up "inverted head and shoulders" "end of correction" "bull run". Death cross on 4 hour chart. Say hello to...
WIth bitcoin reversing, for a bull run, as well as Digibyte's marketing team stepping up to the plate, we could see bull run from 2 cents to 15 cents, a 635 percent increase, where it would hit it's reversal zone on the 100% fibonacci extension line, while simultaneously hitting long term resistance. Following previous patterns of 5 months of correction, it will...
Chart is based off verge/usd log chart, correlated into satoshis. True value of a coin is always represented on a usd chart. Prices and time frames are exact.
Follow up on my previous chart, this how I came to the conclusion btc could reach 140K by July 21st.
This chart was calculated using Fibonacci and past history with bitcoin. Bitcoin to 140k by July 21st. We will see 40k, correction,then 82k, correction, then 140k, followed by a massive correction to support around 40k. Call me crazy but this is is what I'm predicting.
BTC Ready to go I believe, end of correction. Not a bull trap. Run to 17k, correction, then run to 30,000.
This chart was made using bitcoin's bull run as a catalyst. Targets are calculated first using bitcoins movements, and then Fibonacci extensions. Resistance at first 100% fibonacci extension is extremely important as this will determine the path that verge will take. Watch that level very closely, if it breaks it aggressively, then it will follow the blue path, if...
I believe Verge will follow bitcoins price movements closely. Bitcoin will make a run to $15,000 shortly, which supports a good run up for verge to 1300-1700 before retracing, along with bitcoin into the buy zone, or twilight zone as I like to call it. This is a reversal position for bitcoin, and subsequently the alt coins. The night is darkest just before the...