Looking like ETHUSD has topped right where estimated from attached idea posted at the beginning of last year. It is now looking like we are in the midst of a correction / consolidation. We haven't had any major correction yet in this bullrun, so if it continues to go down, I'd expect it to go pretty deep. If we can hold above 2260, there is potential for...
Looking to make some trades on LINK's volatility in the coming days. Seeing a couple more days of consolidation before breaking out to test overhead trend.
Everyone is getting very excited about the BTC bull market, but this chart shows that we are in fact at a clear resistance. We have downward pressure from the 200d moving average, at the top of a falling wedge, and hitting a .382 fib. If breakout doesn't occur here, a sell off could send us back down to the previous support at the 200w moving average, around...
Updating and expanding on a previous idea, seeing the potential for a strong ETH rally in the coming 1.5 years. First, a breakout of the current down channel, up to ~$200. Then, back down to ~$130–140 before breaking out of the longterm triangle. Resistance is found at .236 and .382 fibs, but with no major pullback. This kicks in FOMO for another big leg...
It depends so much on what BTC does, but here are two possible paths forward for ETH. If the current bull market goes into full FOMO mode, we could see some serious gains on ETH. This would be in line with this blue nike swoosh pattern, and an extended 5th elliot wave. Perhaps more realistic (but crypto isn't very rational is it), I could also see this current...
Looking at previous Bitcoin all time highs, it becomes clear that they come in waves of 2. The purple lines show ATHs broken, that were then re-tested. After each re-test, the price creeps back up to the ATH where it then takes off for 2 more pumps. The blue lines show this pattern, ATHs that were never re-tested. Looking at the current trajectory, it would seem...
Another long term analysis, using historical data, fib channels, and Elliot waves. Again, not going so much for accuracy on price or timeline, but rather looking at how BTCUSD could potentially move in the next months / years. I do think that we are in the midst of the B wave of an ABC correction, similar to April 2014. We could pump to 11k levels, before...
This is a "for fun" visualization of a realistic 1M BTCUSD price scenario. Using fib channels and historical data, you can see that 1M doesn't look that crazy. You can also notice that, even though the data is from 2014 – 2017, it follows the channel lines quite accurately. Continuing previous time cycles, this imagines BTC hitting 1M USD in December 2021. It also...
We haven't been in a bear market like this since 2013–2015. To think we will move back into parabolic bull so soon is a bit shortsighted. This chart is more for fun than accuracy, but I could see a prolonged bear / flat market through the rest of 2018. 2019 could turn bull, seeing new ATH around the end of the year, leading to parabolic moves again through the end...
BTC is still in bear trend. This is a crucial moment as we are right at the resistance line, but weekly chart looks more likely to drop a bit, rather than breakout here.
If BTC doesn't break support down, could be a bull continuation.
This turkey is ready to pop! I'm saying short, but the way btc's been acting who knows...
Pretty classic wedge forming, could be another big bounce?
If BTC continues to drop over the next couple days, gonna try and scoop some here.
If BTC continues to go down over the next couple days, gonna try and scoop some here.