neuromancer

neuromancer

I've been experimenting with elliot waves and trend based fibonacci extension patterns. in this case, combined with the bearish resistance line that's been pushing us down these past few months, signal looks to be a short term trend reversal.

neuromancer

Looking at this chart I can see a clear trajectory to 68k, though bulls may end up staving off that price until June when the Federal Reserve plans to meet and talk interest rates, which will most likely be lowered to stop the bleeding of the stock market. I predict, if they do, there may be a drop in BTC price right before the meeting so folks can get their...

neuromancer

Look at month chart and see the bottom trend for the past few years. If bitcoin went way up from here it would be moving into a dangerous parabolic bubble sure to crash hard at year's end, which it may do, but I believe not before dropping further. I view the volume dwindling, the uncertainty of markets all around due to tariffs, scared money, dumb money, and...

neuromancer Updated 

The head and shoulders was a reversal already, but bulls got greedy and insisted on testing the 108k peak again, creating a "fake-out breakout" but couldn't sustain it. So if H&S didn't convince us, the Double Top should have. The bear trend started with steady decline and then a big fat dump followed by bulls insisting on recovering right away. Again, they...

neuromancer

Monthly looks like it will turn around on the Stochastic RSI and has plenty of room to reach the top Bollinger band. I like to keep things simple. With these indicators and all of the recent bull sentiment in the media, I'd be surprised if we don't see a massive uptick very soon.

neuromancer

Either it breaks out and zooms to moon from here, or all the media and analysis is wrong. Set your stop losses now!

neuromancer Updated 

I enjoy identifying patterns :)

neuromancer

the support at 120 - 135 range over the past weeks shows a much different dip than the previous. looks like an upward trajectory overall, so perhaps this current dip will be a short lived bear trap. stochastic RSI is at bottom already, much different than previous dip which took a bit to reach bottom.

neuromancer

not much to say here, trade carefully!

neuromancer

these flags are fun to trade on if you use fibonacci trend-based extension tool and stick to the top and bottom of the flag as closing points, it's almost like taking candy from a baby except without the guilt

neuromancer

could go up or down! i am hodling

neuromancer

all three are in the green with EMA/SMA indicator Stochastic RSI looks overbought on the 1hr and 5m, but the 4hr and a Day chart look oversold, so this may be the next Bull Run (46k maybe?) happy trading

neuromancer

i was high

neuromancer

Pennant pattern tells me it's going up from here, and this is based on previous trend analysis and my prediction of the 250k goal in October 2021. As with a lot of breakouts, there may be a fakeout of a dip at first. Fib extension shows around 46.8k on the bull high and 26.6k on the bear low. These are short term targets, of course. Stochastic RSI says trading...

neuromancer

******* Thanks for reading! Please upvote if you find this useful! ******* I had my butt handed to me at the beginning of 2018. I really thought it would keep going up :( Over the past 2 years, I learned a lot more about trading, trends, signals, and investment strategy. I currently now hold more money than I've ever had at one time in my life, all in Bitcoin ,...

neuromancer

😉

neuromancer

nothing special here, just looking at the big picture. Bitcoin is going up. Institutional investors got in at around 3500. We are in an obvious trend reversal from my point of view. the chart should speak for itself.

neuromancer

logarithmic scale. if the price dips far below that blue trend line then we're all fucked. otherwise, happy investing :)