This one is really interesting. Not only did we cross again the 40 mark on the daily RSI (repeating wave pattern), but also we bounced off the 6k support line which not many people had expected. Market always finds a way around the opinions of the masses. This time I want to show you, how a parabolic reversal back to ATH could look like. Its matched with the news...
Hi dear crypto community.. its me again! I noticed a inverse head and shoulders pattern being confirmed soon. If true.. expect a pump as long as the neckline of the pattern.. this means not only a pump past the resistance at 6800 and 7150 but as high as 7600 to 7700$ BTC! Also watch out for the wedge pattern closing on 2nd august. If we can enter in the wedge or...
hi there.. i just have to upload this. Another great example how this market is played by big whales and cartels. Its sad to see that only like 3000 BTC's can influence the total mcap and price of bitcoin this easily. If in the coming 60 mins another pump appears.. we would have an exact 48h pump pattern since 6 days straight. Still we need to break 6800 and...
All traders are drawing the descending or on some even ascending triangles on BTC in the yearly or 6 months chart. All traders are hoping it won't break the bottom line support. Well since when did BTC behave like we expected it to. (Well yes I was on some charts not bad) but the point here is, we have bigger players in the game that look at the exact same charts...
In front of you are 2 possible ways, how the next 2 to 3 motnths could play out. If we manage to break 9k again in the coming days i see following 2 scenarios that are likely to happen (based on past years of btc, 2013, 2014): scenario A: we manage to break 9k again and hold it. This would be needed to build a new RSI floor level at 42-43 and gain strength to...
ok dear crypto community.. was a rough week! After this almost crash dump we see a bit light here. We closed at almost 8500 and now we are looking at the next target of 8800k BTC. This of course is only a short term trend analysis. We could also have a set back to 8100 levels before taking a new upwards trend to 8800 and 9k. This crash was initiated cause of...
This is something I dont wanna see tho. But as we couldn't hold the 9.4k support line and dropped to the 9 to 9.1k support line, a further drop down to 8.8k BTC is more likely. We have strong support on the 8.8k level, but if it doesnt hold, if some people doesn't want it to hold, we have the next big support line at 7 to 7.1k. I think this is the worst case...
As many predicted.. if we dont break the 10k line we will have a possible retrace down to 9.4 - 9.6k. Im glad the support there did hold for now. If the regresseion trend patterns will repeat, we will observe a 10 to 15° uptrend for the next 3 to 5 days. That means we will break the 10k (psychological barrier) in the coming days. I expect a small retrace down to...
This is just a really short term trend analysis. Lets see if it goes as predicted. The smaller uprising wedge on the 26. may did break out as expected tho. If true.. I see target of the breakout right below 10k BTC. (9800 - 9950$) We are still on track for my prediction of 10.4 to 10.6k right before Consensus 2018 and higher target of 11.6k BTC end of may....
Its really a strange pattern for some whale manipulations here. We see a 24h P.n.D (pump and dump) game and then the start of a short term upwards regression trend channel (at 10°) that lasts about 48h. This pattern has repeated now 2 times with a very high rate of accuracy (24h p.n.d and 48). I dont really know why "they" (whales, exchanges) are manipulation the...
Hi folks.. it seems like total market cap (global) cant cross the 400 billion line and I expect a retrace back to 8300$ BTC levels (short term, next 4 to 5 days). (see the black line and red arrow) But then again, the retrace is only a retest lower levels to gain traction and needed volume to break trhough the 9.1k barrier thats holding the actual trend down for...
ok we had an interesting weekend and it seems like the >7800 levels are still holding. I wanted to show 2 scenarios that might happen according to my latest multi exchange OB and RSI analysis of BTC -2.06% . bottom green line = trend since november 2017 red line = bear trend since january 2018 blue lines = latest regression trend channels you clearly see...
This support analysis is additional to my already published short term analysis of Bitcoin breakout of the bear trend since January (link --> see related ideas). Here you can see the bottom support line at ~5900$ (multi exchange analysis) and a light support line at ~6600$ (current OB analysis). This would be a almost perfect 71% fib retracement. Light support...
(30min candles) atm we are at a 40 degree trend with a possible target of 7.7k in 5 to 6 days.. but after recent movements of rsi i tend more to a 15 degree up trend (short term) with a target of 7.2k in 9 to 10 days with spikes in both directions.. as long we are in between the channel (pink and green line) we will break out of down trend since january (red line)...