cerncris

cerncris Updated 

BTC Bull flag channel formed. Confirmation of bull market with close above Green horizontal. Could be wrong, I am long from 3000 and will gladly buy more if downward trend continues.

cerncris Updated 

Sticking with recent bear market sentiment after all time high at 4950 range, I see a potential long term uptrend switching to a short term bear market downtrend to serve as long term consolidation. BTC could also break the symmetric 4hr triangle up, but recent sentiment suggests otherwise. This is purely technical and not backed by quantitative methods. The...

cerncris

Equilibrium around white. Green breakout and close is a buy and red breakout is a sell. Many different charts exist for this equilibrium pattern, this is the one I'm looking at so could be wrong.

cerncris

Little support was established on the daily timeframe across all exchanges for BTC within the range of 3000-4000 with the small exception of early consolidation at the 3300 range. 3300 area serves as a good bounce opportunity whereas 3000 could serve as an excellent long term buy opportunity. This assumes bear market and continued downtrend. See my wave...

cerncris

Red line of log growth bull channel intersects only daily candlestick CLOSES (as does the 4hr version of this chart). Two wave counts (blue and pink). Horizontal white lines indicate major support within the logarithmic bull channel.

cerncris Updated 

Using the process of counting BTC Elliot waves (one in blue, one in pink) within the long term, logarithmic bull channel, I project BTC as a near term bear market with a much larger bull wave in the long term.

cerncris Updated 

Just a weeee bit of speculation. BTC forming logarithmic growth bull channel. Although unlikely, could still see one upside bounce as indicated on chart before full bearish reversal signal. White lines indicate target support lines for short/long swing trades. Again this future pattern his highly speculative; however, I believe the logarithmic channel will hold.

cerncris

Log scale natural growth pattern for BTC. If large breakout above, pattern failed. This channel could see a retrace soon as Elliot's wave theory suggest.

cerncris

BTC establishing support levels; could sideroll/establish lower supports before further confirmation toward 4700+.

cerncris Updated 

Break up to 4700 on close above top channel. Retrace down to 3900 if break/close of bottom channel.

cerncris

Rising wedge/triangle/channel; bullish behavior to retest 1st top. If break more up movement to retest 2nd top for full bull confirmation to 4700.

cerncris

Rising wedge on eth, need bounce here or retrace down?

cerncris Updated 

Ran a stochastic projection on the normalized Ethereum RSI rate vs the BTC volume rate during large pumps and dumps associated with all time highs. Could be totally wrong tho.