Bitcoin is about to witness its 4th all time 200 ema/ma cross on the 3D timeframe. The previous three are highlighted and have each proved a major market pivot for the coming price action. You tell me, is this time different?
If we can confirm a breakout I believe we will push to 30k. Bullish on Freedom baby! :) As a note, there is very much precedent for HNS and IHNS acting as continuation patterns, although traditionally viewed as reversals. "The head and shoulders is one of a group of patterns typically considered trend reversal chart patterns. If you look closely though,...
A capitulation wick to the .5 could happen before continuation but it seems doubtful to me. After a deep wave two a shallow wave 4 triangle makes a lot of sense. This combined with the rising weekly 21 and daily 200 make me omega bullish. It’s going up folks
Contrary to popular opinion, a descending triangle actually breaks out upwards 53% of the time. This is according to Bullkowski and his patternsite.com Could Bitcoin be next?
Bitcoin is still bullish and in fact we have a fractal from 2017 depicting a eerily simliar scenario, however, If the 21 fails and we continue to move lower the similiarities will end. Until that happens I am happy longing bitcion and anticipating new highs. Red Boar
Perhaps, instead of the triangle everyone has been staring at, we are actually just making a nice little bull flag! Volume and lack there of is a big tell tell to me that this may not be a real down move. I will close this idea if we see further breakdown
This is a mobile idea as I am traveling . Long story short bulls should not panic here. If we continue to break down and lose support I would begin to grow concerned but right now we are ok. Also, four hour volume was not impressive at all and points to this being continued consolidation. Big volume is coming as we continue to compress but this ain’t it. Red Boar
So! I went back and analyzed the insanely bullish bitcoin market of 2017 with a question in mind. What was our average gain when the 9 EMA crossed the 21 EMA on a daily timeframe? The results were shocking, a whopping 125%! Why did I do this? Well bitcoin is getting very close to its second cross of this kind during our new 2019 bull market and the results from...
The ETH/BTC ratio breached a major support not long ago that was built over over a significant amount of time therefore I would not expect this situation to resolve quickly. Ethereum is set up for a long down trend against Bitcoin and when Bitcoin breaks its ATH and ETH bagholders are stuck in neatural the panic will be great. My guess is a massive ETH...
So, of course anything can happen in crypto and of course the cripple ripple could rando PND at any moment, that being said rip the crip has been printing some pretty bearish stuff lately. So, even in the face of all this bulls FA news I think the bears win out and this POS dumps to 5 cents or so before we figure out what is next. Consolidation under resitance or...
During the entire 2017 bull market anytime the stochastic indicator dipped into over sold territory on the 2D timeframe a local bottom was put in. If bitcoin is truly going bull here I would want to see a similiar trend emerge. We are currently oversold on the 2D. Buyers need to step in soon IMO . donations welcome if you are feeling generous....
Seems similiar to february -march 2018 to me. Expecting further downside.
I will post a link below showing what Wycoff distribution looks like, but suffice to say I think we are currently undergoing something eerily similiar to such an event. All the best, Red Boar
Hello! Today I though I would compare bitcoins current situation to the blow off top in 2017. The similiarites so far are striking, however this may not last. History often rhymes but rarely repeats. So, do not take this as an absolute must happen however follow along and let us see if the fractals continue to play out this way! Peace and Love to , hope you are...
The green lines are my target buy zones. If we dont get to them then whatever but I am not buying one cent sooner. Good luck boolas.
Ok guys, according to the art of war written in 1929 by the legendeary painter Peter L. Brandt you should buy green support and sell red resistances. Good luck fam. Red Boar (EZPZ)
Ether paints a bear flag, however, In bull runs we know these patterns are often painted to confuse, fake out and trick small time investors. Remember, crypto is very top heavy and controlled by the users at the top. So, beware, be cautious and be safe. This idea is for observation purposes only. I am already net short and chill and will probably add on a...