estimyth

estimyth

For those who understand the cycle, it's no surprise. For those who are not there yet, this is a very strong pattern, and considering Bitcoin will move to new highs this is a powerful indication of the bullish continuation. It took 1085 Days to do it! (3 years without 10 days). The tip of the last bull run initiated it and if you don't know what that means, you...

estimyth

I just found my old idea from nearly a year ago and it is still ongoing. There was also an optimistic version of it, which I wanted to believe in. If you ask me, short is the only option. Disclaimer Remember to always Do Your Own Research . I am not a financial advisor. The advice here given is not financial advice even though my excitement might make it look...

estimyth Updated 

There is nothing to actually explain in here. Simply if we follow the pattern Bitcoin will continue the Bearish market and maybe will set a new minimum in 2022. I know this is extreme but this is one of the possible ideas and not financial advice. Give a like is you find this idea interesting. Also, check out my other more bullish idea.

estimyth Updated 

What we see here is descending triangle which by the book will break to the downside. I'm not expecting a huge price drop here but it is possible to make a decent trade with this one. My target is 1510. Good luck everyone. I'm already in a short position. Remember to drop a like if you find this idea interesting. Disclaimer Remember to always Do Your Own...

estimyth

Option 1. A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. This pattern's time frame can vary from several weeks to several months and is...

estimyth

Friend of mine said "I hope Bitcoin will go a little higher". I truly believe this is the problem, too many wishes and hopes by inexperienced people trying to make a fortune, gambling / guessing with absolutely no technical analysis. It goes up so I buy now, sell later. Easy... Shit! It went down!... I hope it will go back up. Problem is, it might not go...

estimyth

1. It is an unusual formation to have. How to trade it? Well, it is always 50/50 situation. You basically trade in the direction of the breakout. 2. It is not common to publish an idea for 2 different Commodities however they share the same pattern. That's why I decided to share both of them as the same idea. Keep in mind they might go in opposite directions...

estimyth

Incredible things are happening with Gold. On a monthly chart, it turned Gaussian Channel into the green after 4 years and 4 months! We should be very excited ladies and gentleman. Check the past green channel and what happened to gold then. Remember to drop a like if you find this idea interesting. Disclaimer Remember to always Do Your Own Research. I am...

estimyth Updated 

Looks like Gold is ready to set new highs! Remember to drop a like if you find this idea interesting. Disclaimer Remember to always Do Your Own Research. I am not a financial advisor. The advice here given is not financial advice even though my excitement might make it look like such. You trade at your own risk and nobody can guarantee you results. Even if...

estimyth

There is nothing to actually explain in here. Simply if we follow the pattern Soon we should see a bull market. I know this is extreme but this is one of the possible ideas and not financial advice. Give a like is you find this idea interesting. Also, check out my other more bearish idea.

estimyth Updated 

If these last 3 DMA will go below 200 DMA we will have a bearish market. What now? Wait! If BTC will go up like crazy above 12k we might keep the bullish market... Not probable option but hey, everything is possible when it comes to BTC. Also, keep in mind, we are in the BULL market on a daily chart since April 6th, 2019.

estimyth Updated 

What we are looking at right now is a little bit extended version "difficulty ribbon" by Willy Woo. I simply added one more DMA to it to have an even more clear picture. In general, it shows you the current trend for any chart period. In this case for the 1h chart, we are not far from switching short/mid-term investment trend to truly bearish. Last time we saw...

estimyth Updated 

If 10 DMA will cross the 200 DMA it will be a very strong signal of the bear trend.

estimyth

Like I said Long-term we are still in the bull market. Short-therm on the 1h chart we are also in the bull market since July 31, 2019. In my personal opinion, it is a good time to open long positions. Good Luck!

estimyth

It doesn't matter if BTC is right now bullish or bearish, because for a fact since April 2nd 2019 we are still in the Bull run . TO be clear. I'm talking about the daily candle chart. I like when BTC is giving us opportunities for short-term short positions but if at some point 9DMA will cross the 200DMA then and only then you should consider it as long term...

estimyth

I will call this formation, no gains. Bitcoin bulls are showing us the middle finger? Back to bear.

estimyth Updated 

BTC is moving as expected. It tried to go through 10850-11200 resist area but got pushed back a little. I believe it is a good time to take a short position as you can see in the chart. At the same time, I also took a long position with 25% of the short position. Winter is coming. Good Luck!

estimyth Updated 

Many hope for the skyrocketing price of the Bitcoin. It is possible but not very probable at this point and time. I would also like to see the amazing bullish trend but right now all I see is another push of those, who hope for the high price to test 100 EMA. It might even reach the point of 10200 USD. After we get the highest peak (up to 8 hours) we should be...