LOGARITHMIC FIB PATTERNS Based upon previous high and low 2011 $31.91 top (blue fibs): 2.786 extension 2013 $1242 top (yellow fibs): 2.272 extension 2017 $19804 top (green fibs): 2.272 extension 2021 $? top (light blue fibs): 2.272 or 2.786 extension at $207.467 or $269.674 respectively Based upon 2013 $266 high and $65.42 low (magenta fibs) 2013 $1242 top: 2...
BTC is currently undergoing a healthy recovery rally, a historically popular target for such a bullish retracement is around the 0.382 fibonacci level (TP2 in the chart). I also see the possibility of a 2012 fractal playing out, meaning we could overshoot to the 0.5 fib level being followed by a rigorous correction of 50%. Such a quick happening might have to be...
Herewith my forecast for the upcoming year. The target set in my last chart (link below) from 2016 was reached, but the timing was off which I've adjusted in this chart along with some other things. In writing this chart means: - Upcoming weeks: retesting $10.000 and trying to breach the red downward trend line - Upcoming months: if it fails to break the red trend...
Some things aren't right in our current economies and are heavily influencing the stock markets - such as "innovative" central banking policies. We might see the first cracks in this approach as early as 2019. Before that happens though I'd expect some impressive last runups in global stock markets such as the SP500. Some relevant reads: - Shiller PE ratio...
I'm seeing two technical reversal patterns forming since february 2015: triple bottom and a falling wedge. Possible fundamental scenario's during this time: - President Trump turning out to be a liability regarding international relations - US stock markets retracing due to all time highs - Cheap margin debt becoming an issue (source: www.investopedia.com) - US...
It has been a while since I posted a chart and waters aren't as clear as they were to me pre-2016. Instead I'm sharing this crazy scenario which I've held and updated privately on TV for like 6 months. BTC has been in a slow uptrend for about a year now and all is looking awfully similar to the period of 2012 - 2013. Price movement structure, fibonacci time zones...
Picking tops (and bottoms for that matter) seems an impossible task to me, therefore I trade upon trend line breaks which have been tested multiple times in the past. Nevertheless, this is a scenario I'm currently keeping in mind. Personal summary - 8+ months of consolidation - 7/30 EMA weekly cross - 50/200 MA golden daily cross - 50/100 MA 3D cross - Broke...
The expected bull-run in my previous chart was unfortunately short-lived, forcing me back to bear (again..) on the 8th of December - the day of the giant bear flag. I'd to conclude that BTC requires more price consolidation before a new and longer bull period can start. I'm expecting a 'throw-over' of the red trendline, followed by a quick recovery. In case the...
Fellow trading adventurers, This is a mix of a short term (upcoming 1-2 weeks) and medium term (2-3 months) forecast. Short Term, Upward (24-27 oct) - 4H MACD is gaining momentum - 4H Stoch RSI shows room for some upward momentum - Market playing around the 50% fibonacci, which often causes a small bounce (5-10%) but usually not strong enough for bottoming - My...
Link to my previous forecast, which was quite accurate but personally missed the ride due to a misplaced sell order (~$15,-) - . This one however I already acted upon. You'll probably find this chart extremely messy, and I won't deny that I'm an inexperienced trader - as such I'd welcome any form of feedback or your thoughts on the recent price...
Although primary oscillators reflect an overbought status, there still might be more juice for another run up towards the $700 area. For the market to remain 'healthy', a retracement back to the $500s is something worth considering. Perhaps a 50% fibonacci nicely bouncing off the long-term bullish trendline?