Matching fractals are in square yellows. My line of thought is that the current fractal is only a small part of a much larger fractal represented by the largest of the 3 yellow squares. The way that the second yellow fractal has behaved thus far, it would appear to be creating exactly the kind of shape that would be necessary for the larger half completed...
I'm just putting all my nutty ideas out there. Matching areas are covered by the triangle and by the circle.
Based on a fractal pattern of the second bottom back in April. I'm just saying it's a possibility...
It's one of those opportunities that comes around rarely. Judging by the parabolic shape starting take hold on the weekly, 500% increase would be a conservative estimate. HOWEVER, as you can see by the wicks, that increase comes with significant volatility. Make sure you can stomach 50%+ ups and downs within even one trading day, before making the decision to...
The fun starts when the daily MACD crosses over bullish.
We'll be forming a series of Inv HS, also manifesting as bull flags or pennants, all the way to a new ATH. Target ATH = $30k.
This is basically going to wipe out all margin positions across the board!!!! Be prepared!!!! I know ! point heavy, but this is serious people!
Targets: 7700 (50%); 12500 (50%).
The pattern I'm sure everyone has noticed is that when Bitcoin goes down, Etereum goes down faster, and when Bitcoin goes up, Ethereum goes up faster. Obviously, during this crash the pattern has played out in micro form with the net result being a bigger drop for ETH than BTC. However, this only opens up the door for greater opportunity, particularly if my...
Idea based on Wyckoff's Accumulation Schematic #1. All events and phases are shown on the chart. Even if the chart does not unfold as shown, RSI is bouncing from oversold on the daily, Williams %R is signaling a trend change on the weekly, both fairly reliable bullish indicators. On a fundamental level, Mt Gox sell-off is over, SEC has announced that BTC...
If you think price manipulation is going to stop, you are delusional. If you think institutional money is going to make the price skyrocket, you are sadly mistaken. Bitcoin, at least for the indefinite future aka until the technology catches up to its promise, exists only as a tool for institutional investors to make money. If you play their game, you might make...
If we fail to break above the previous high in the next day or two, we might see a semi-dramatic drop.
Here's about an exact and detailed prediction as you're going to get. 6900 in the next 6-12 hours, then a prolonged multi-day sideways action, followed by a drop down to 6500 level. Like the chart if it helped you make some money.