This really does feel like cheating. I would predict topping out in the short term right below that the GBTC price.
Here is a simple analysis and prediction of the next few days, considering the overall situation this next move is going difficult to predict accurately, but while the price remains in the green zone my bias is going to be leaning bullish and the reverse respectively. While I will not be trading this move due to high risk, because of confounding factors, I would...
The chart and price action largely speak for themselves here, but there is an addition that can be appended here that is not visible in the chart; the community's sentiment and euphoria around bitcoin are down a lot. Nearly all cryptocurrency analysts are calling for a final pullback, I.E. "this is a sucker's rally", before a breakout of the weekly downtrend and...
The chart below describes the scenario where BTC broke down outside of the bullish Gann Fan starting right before the bullish impulse in February. Take note of the Cyan Gann Fan's lower bound. That Cyan Gann Fan starts at the initial bullish impulse in February and that fan lower bound holding support confirms that this move is a long term bullish trend change...
As the price has decisively broken the 2/1 line of the Gann fan from 6/26/2019, there is a far more likely chance that we will visit the 1/8 levels of the cyan and the black Gann fans. The black Gann fan's 1/8 level sitting at the $6500; if there is a decisive break of that price level we will likely see an initial decline of at least 10% starting a larger move...
BTCUSD seems to be at the edge of a pivotal point which will determine where or not the bull market has truely started or lay the verdict that this rally was just a short-lived reprieve from the continuing bear market. Volume orders by price are also playing a role in my decisions for this prediction. (The Gann fans are set to be nearly transparent because of the...
Everything on this chart shows bullish signs, but this entire move has been shrouded with so much manipulation from the Assange's insider short to Teather/Binance FUD. My gut still says "stay away in May"; meanwhile, the drive to FOMO is strong with the recent price action.
We have already had one rejection from the 1/1 line and unless we can break the 1/1 line soon this rally is over.
Safe targets put this move at ~160 price level. If bitcoin dumps this might cause a larger move...
Now, that I have your attention. When this breaks down: EOS will dip then possibly moon. I am quite literal here because I believe that if BTC dips below 3800 it will keep falling for a bit. EOS being the top gainer recently, along with other altcoins, will be seen as a speculative valuable investment asset that has the best gain potential out there. Out of...
Still bearish as the price clearly is pushing downward and the support is still a bit away anyway.
Respect was shown to the previous Gann fan and the current one. Now that momentum has topped out, we have seemed to hit major points of resistance and we are bearish again.
Slightly altered my breakout prediction lines based on wedge redraw and 20 WMA. (Entertainment Only) (DYOR)
All signs point bearish. MACD, RSI, Gann Fann, TD Sequential, Short vs Longs, Volume, KC, Wedge. Wait for a close below the previous ascending channel unless you want to get fakeout'd. (Entertainment Only) (DYOR)
Just look at the circles and arrows... the bulls are gonna have a bad time... (Entertainment Only) (BYOR)
... (Entertainment Only) (DYOR)
As we have now left the general breakout zone for the triangle, I have to consider that this is more likely to be rising wedge instead. The volume agrees more with this than it did for the triangle. Place tight stops, please. (Entertainment Only) (DYOR)
The light blue Gann fan has shown plenty of significance recently and if a continuation occurs these are the likely points of resistance. The most resistance probally at clusters with the blue Gann fan and the first test of this move will be the $4100 level. The big resistances tests will be the $4200 level and then the $5150 level. Breakage of the yellow line...