And interesting chart showing a possibility of "lengthening cycles" using Fibonacci.
If you look from the first line, a "bottom," we can see the next line is a "top." They then alternate, quite well, between "bottom," then "top."
This tells us that the price at the moment, of 33K, is approximately "the bottom" for this cycle. So it is likely we will see mostly...
I'm makin the call. As "cliche" and annoying as it is to hear "You'll never get BTC below X price again!!" I am of the firm opinion that that is now.... True.
To borrow a phrase from the TG user, Swing Trader, we're gonna "chop slowly upward..." over the next few months.
I forsee Some form of either moderate "H & S" OR, simply "mountain ranges;" though I'm...
Just playing around with some chart possibilities for BTC over the medium term future: I believe we will rise above the previous high during this next leg; possibly going as high as ~ 66K (Bitcoin loves those recognizable figures it seems ;). Culminating in an ~ 40% drop prior to finally resuming its trek toward 100k. Which it's looking like will not occur for at...
Remember those two weeks in 2019 when one USDTether token was worth roughly 200 US Dollars on Kraken Crypto Exchange??
Me neither....
Interesting chart though.
Any comments??
Everyone's aware of the recent explosion in BSV's price... Then it tanked back down. Is this back at a "local bottom? "
We can see a HIDDEN BUllish Divergence Continuation pattern here, which shows that we may be due for a continuation in BSV's price action...
Price still increasing, and RSI decreasing gives us this clue.
tl;dr: ~ 255 USD likely low for recent...
Looking at today's chart, it seems to be quite possible China and friends will want to pump BTC as high as possible before selling into the New Year. Therefore, we can see the apex of this run timing pefectly over the next week or so, culminating in the 9650 range by the end of next week. My chart stopped at 9666 which seemed like a evil enough number so why not...
Here is my prediction for the "top" of this prsent bull run marathon... You can't make this stuff up -- or heck, I guess ya can... Either way, would be wild if it hit.
9666!!! Just sounds like a number somones in Bitcoin would make lol.
Either way, sit back, relax, and enjoy the moon trip!!
What if we didn't see these prices again for five years? Do you think you'd stay in Bitcoin for that long? Why? Why not?
I seem to recall seeing a chart somewhat similar to what I've done here many moons ago, but I don't recall where or how.
But it paints quite an "interesting" picture to put it mildly...
Bitcoin seems to Love patterns - sometimes called...
Veeerrry interesting pattern forming here, just like we saw before the steep drop, then jump during the "Xi news..." (I have my doubts as to whether or not that was "actually" what truly moved the market, but I digress...) Point is, we are looking almost identical to that spot.
Then again, Lord knows how BTC LOVES to pull what the Bitcoin OG Davinci likes to...
I wanted to share an interesting scenario for BTC.
If we look at the periods of "retracements" along Bitcoin's parabolic rises, we can see some definite trends emerging. For example, it appears The previous two Bear periods lasted twice as long as the previous, and tended to range within a difference of 4 to 5 times it's opening and close. Price also tends to...
I suppose my prior analysis was reasonably close (even though being still pretty new I ended up doubting myself, fomoing out, and messing up the trade :/ learning once again that if I just would have held off it probably would have worked out. Not to mention not having to have paid all those pesky exchange fees, etc. :/) Anyway.
So the (inverse) head and...
I am of the opinion we are at a crucial moment in the future for Bitcoin's price.
If we look at the price chart, in conjunction with the Relative Strength Indicator (RSI), we can see that the former is forming a down slope, while the latter is sloping up . This combination: Lower Highs in Price, followed by HIGHER Lows on the indicator, forms what is called a...
If we look at BTC's Daily chart, we can see an almost obvious Inverse Head and Shoulders position forming - coming up on that right edge of that final right shoulder (from our perspective), we may be led to believe that the shoulder will, in typical H&S fashion, continue Up, up, up... But I don't believe this will be the case.
By my estimation, we are still a...
Been some Pretty slowish days as of late - despite the recent run-up we had the other day. Will it stick? I have the idea it will not... Here's why:
I came across a this dude on YouTube, Oliver Velez; I don't know if anyone has ever heard of him, if he's legit, or a total scammer - I don't know. All I do know is that I'm relatively new to margin trading, and I'm...
If you are a trader -- particularly of the "technical" variety - then, it is quite possible you have learned to give at least some , if not a lot of credence to the belief that one of our greatest indicators of future behavior is our past. Look to the past. And perhaps, if we can discover some sort of "pattern," we might , just might have the chance to increase...
As we are seeing in the recent day or so, it appears the double bullish divergence called has played out after all - resulting in an over 6% rise in price at the time of this writing.
So let's stick with what works, eh?
Returning to Renko, just plotting out some possibilities seems to show this bullish trend extending Bitcoin possibly up into the $7800 -$7900 ...
Looking at Renko bricks - a price tracker known for cutting down on "the noise of the market" by not making movements with each and every movement in price over time -- instead only adding another tick or "brick" when price moves...
So as you can see in our BTC daily chart here, as we know: when a commodity's price-lows are getting lower , while one of its...
Although most in the space seem to be erring toward the "bearish" side (all TradeView's indicators are heavily weighted toward SELL on most charts), I'd like to present the argument for the Bulls, based on both a bullish oscillator's (RSI) and chart pattern (falling wedge).
As shown in my chart,we have been forming a (really long) Falling Wedge/ bullflag pattern...
