MissingAnderson
Plotting a Fibonacci Time Zone between 2011 peak and 2013 peak produces a 1.618 extension at the bottom of the 2014 bear and a 2.168 extension at the top of the 2017 bull. Seemingly defining both trends before hand. I have plotted the same time zone between 2013 peak and 2017 peak, let's see if these extensions are able to predict the trends again.
A regression trend (+/-2 STDEV) connecting points $19891 and $5755. It's interesting to see that each swing low has moved up one standard deviation. Will the pattern continue? With BTC's next swing low hitting +2 STDEV? Or will the next swing low be a mean reversion? Let's see...
Betting on a continuation of this pattern I have observed. At the 30/50 Day MA cross price seems to be consistently at around 38.2 % (0.382 fib level) of the projected down-swing. I have a time frame target of 6/Sept/2018. The current mean time period between downswings is sitting at 75 days. I have calculated this using the previous 7 downswings (significant...
This chart is loosely based on Carolyn Boroden's work with 'Fib Clusters'. I have plotted the 0.5, 0.618, 0.786, 1.272, 1.618 and 2.618 fib lines from every swing low to each of the next 3 swing highs (since the start of the bull). I've also got a $20k - $6k in there aswell. I find it interesting to see how at the $11.7k double top, price was rejected by a tight...
Currently I am expecting a mean reversion, sub $5k feels almost certain upon viewing this chart. I have used a line chart instead of bars in order to keep this clean. But all 3 pivots to this pitchfork are anchored to significant wicks (you just can't see them). If it is looking like price will hold above the mean I will look for a long term entry to hold for at...
Can it turn our bear market around? This trajectory started the 2017 Bull, does it still have the to power to inject upward momentum and ignite something this time around? Let's see... I am looking forward to observing how price interacts with the mean. A buy at that point could prove to be an excellent long term entry. (Chart mainly for my reference)
This chart is 100% hypothetical, I am not claiming it is going to happen, I just find it interesting to project! Lots of similarities between the 2 crash patterns: - Price is rejected from exiting the white channel on the pitchfork , right underneath the cross. - 50 Period CCI is battling to hold over the -50 mark. - 59 % price drop from peak to cross. - 39...
Price is at an even $7000. 'Rounded Bottom' or 'Capitulation'. Let's see which way this goes! (Chart mainly for my reference)
The Triple Threat: 1) The Upper limit of the huge 2018 descending triangle. 2) The 200 Day MA. 3) The 50 Week MA. A rejection here looks reasonable. Bulls will likely lose hope at this juncture and I anticipate a massive uptick in bear volume, which will eventually snowball out of control. The final result being a violent breakdown of the triangle and big...
I'm waiting for multiple weekly candle closes above both the 100 EMA and the 100 LSMA . If price ends up below both of these moving averages I will start a dollar cost average strategy. This will kick in once price is back above the 100 LSMA , filling my position entirely upon breach of the 100 EMA . Oversold conditions on the RSI could trigger an additional...
I'm waiting for multiple weekly candle close above both the 100 EMA and the 100 LSMA. If price ends up below both of these moving averages at some point later this year I will start a dollar cost average strategy once price is back above the 100 LSMA, filling my position entirely upon breach of the 100 EMA. Oversold conditions on the RSI could trigger an...