A simple mirror of the previous wyckoff form fits suspiciously well to the current action. Here's an updated look at what our inverted wyckoff run may look like. Comparison with textbook references here: i.imgur.com
After the popular Wyckoff form shown before our large dump, this is what an inverted wyckoff may look like. This suggests a break above $45k will represent the end of the "bear market".
Congratulations if your computer can handle this chart. We are looking at the holy flex chart, ladies and gentlemen. And the top may be close on a short time frame, but here on the daily we are looking at the previous 2017 run in comparison where the 2-year MA was blown right through and we are far from it. On a long time frame, this is looking like the top is...
Large dump just now, dropped out of last few days channel which may be point 5 in a bullish Wolfe wave. Will see how low the dump goes, but I expect a sharp rise when dump completes.
A combination of the 2-year MA multiplier inspired by Philip Swift of lookintobitcoin and Spectrum101's gorgeous map of 60 moving averages, plotted onto TradingView's all-time bitcoin index.
Long flag pole with simple bear flag at the top. First profit target 10-13c, then 20c and beyond.
Possible emergence of repeating patterns here, last W-shaped double touch of lower support line drawn here triggered a long signal and again we see a W-shaped double touch and a long signal.
Love the correction, saw the usual strong dump at 0.718 fib retracement level, with a nice resistance showing so far at 0.618. Sunday into Monday did not close on the 4hr candles below the upwards rising support level of the channel we have seen the last 3 weeks, showing that the bullish trend since the dip after last ATH continues. Here we go back to return to...
Large flag pole, sideways bull flag at the top. I think we will see MATIC break upwards through this pennant, making moves at previous resistances.
ANKR hitting nice fib levels on the 4 hour after retracement from a HIGH push. Looking to take further profits from here
Real long from here. Nice repeating forms over the last few days, very similar to shapes in 2017 run. We are not even close to breaking the 2 year MA which at the moment lies at $64,266.60 USD. Looking to hit that number and a sharp dip before a slower rise headed back upwards through the 2 year MA channel confirming we are repeating 2017.
Nice cup and handle formation, rounded bottom and support at important highlighted area shows outbreak of previous bull flag channel. lets see where this goes.
Here we see a pit stop as we refuel and change tires. Bull flag until channel is broken then we're back up.
No drastic upwards jump overnight with small dips shows that support is climbing and bulls are gaining ground. Looking to break these key fibs holding resistance once passed $55,250 then heading to $58k if there are no huge dumps in the near future.
The last rise of support caused a sudden spike, let's see if we can do it again. Looking good as long as $52k is held as previous resistance would now be support.
Safe to say the inverted head and shoulders has come to a close after reaching 52k too fast and dipping on the 1h and 4h. We are coming to the close of the current pennant, might see a sharp rise coming if we are able to break upwards, leading into the then confirmed upwards channel.
Avoiding the 52k shoulder. Short term prediction here, bullish long term.
Will find out in a few hours if we will continue the upwards channel.