shubbs

shubbs

MM Crypto and Carl the Moon in their videos this morning mentioned the history of miner capitulation in the "hash ribbons" indicator and how that has created Bitcoin buy opportunities a few weeks later. A year later BTC has always been significantly higher in price after those buy opps. So I decided to do my own research to come up with what is a reasonable...

shubbs

The S&P 500 (SPX) has been in an upward channel since 1971. The top of the channel was first hit in Nov 1972. It hit the bottom of the channel in Sep 1974 or 1 yr, 10 months. It went to the top of the channel in Jul 1987. It fell halfway to the bottom of the channel in 4 months to Nov 1987. It then went over the top of the channel again in Feb 2000. It went...

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The top in Bitcoin in Dec 2017 at $19700 down to $3128 is wave A. The move from $3128 to $13831 is wave B. This is wave C. If you put a Fib extension on these three numbers it yields a .618 Fib extension at $3800. That's where Bitcoin bounced from a few minutes ago and BIG. Could $3800 be the low? Time will tell.

shubbs

The 0.786 Fib extension of the move down from $13800 BTC in June 2019 to the $6400 low in Dec 2019 to the $10500 high in Feb 2020 is about $5000. The market is now trying to stay in the .618 to .65 golden pocket of this retrace in the $6000 to $6200 range. The $5578 wick low is near the 200 wma which is where BTC bottomed in Dec 2018. Long term support in the...

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You've seen these curves before. But did you know by back testing these curves, there is a pattern, that if followed now, will let you buy at the right times and will also let you know when to sell at significant gains? How do you use this data to buy, hold, and then sell Bitcoin profitably? The average bitcoin log growth curve number from Aug 2010 to Feb 2020...

shubbs

The gap just filled this morning. There is still an partially filled gap near $7700 that doesn't really need to be filled IMO.

shubbs Updated 

Assuming the low is in at $9602, the next Fib extensions for the coming bull wave in Bitcoin are as follows: 1.000 $12694, 1.272 $13810, 1.618 $19331, and 2.618 $19331. The most likely is the 1.618 Fib extension at $13810, near the June 2019 top and the Dec 2017 monthly close.

shubbs

The Golden Cross in Bitcoin has only occurred a few times in the past few years. Sometimes it's a false signal. I believe this is a real signal where the 50 dma crosses over the 200 dma. It's a real signal if Bitcoin provides support in the months to come at the 20 week moving average. It did this throughout the 2016-17 bull market. Will it do it again? Time...

shubbs

$35.88 was the probable 6 month correction bottom on Dec 18th. A 5 wave move up to $44.02 followed followed by a retrace to a double tweezer bottom at $38.74. The $44.02 previous high was surpassed today so this looks like subwave (3). This wave if it goes to a 1.618 Fib extension, could arrive at $51.95. A 0.618 Fib retrace would take LTC back to $44,...

shubbs

The hash ribbons is a recent bullish indicator on when to buy Bitcoin and Litecoin. Go to trading view, go to "indicators", and type in "hash ribbons". Add it to your charts and you will see the buy signals. They are few, but if followed have been, and probably will be lucrative for the long term patient HODL'er. On the BLX weekly chart you will see you could...

shubbs

In 2015 after the 2014 bear market, Litecoin bottomed and rose into the LTC halving going from $1 to $9. In 2016 Litecoin stayed primarily in a $3 to $5 range before breaking out in 2017 and reaching $370 by the end of 2017. LTC then went into another bear market in 2018, bottoming at $22 in Dec 2018. It rose again going into the LTC halving reaching $146 in...

shubbs

This is my current take on Bitcoin's WXYXZ correction since June. I think this is the sub wave (5) of the Z leg now. I'm expecting a move to $6000 to $6300 where the market should find support.

shubbs

When the downward sloping trendlines since 2017 are broken to the upside in the BCH/BTC pair are broken, that might be places to add some exposure to BCH. Also when BTC holds its 20 wma now about $9300 as support, this will be one sign that BTC is in a new bull cycle that will hold until it reaches a new ATH and top in this cycle. Also some alts outperformed BTC...

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See the BLX long term chart. There is a pattern. There are three symmetrical triangles or bullish pennants in 2010-11 then a ladder up to the $32 peak, then a chute down (bear market). Then in 2011-13 once again three symmetrical triangles or bullish pennants, then a ladder up to the $1177 Nov 2013 peak, then a chute down (bear market). Then in 2015-17...

shubbs

The last few days an ascending triangle has formed in Bitcoin. It broke to the upside this morning as expected. Looking for the $10700 area to provide support now.

shubbs

I've showen the LTC monthly chart. You can see LTC followed a sideways range between $3 to $5 post halving in 2015 for about a year and a half and then broke out in March 2017 and skyrocketed from $4 to $370 in nine months. What if this happened again? What prices could we expect going forward in time? I wrote down the lows and highs of LTC from April 2015...

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I've plotted the Elliot Wave count for this ABC correction since June 26th. I think we are now in minuet wave (5) of subwave (5) of wave C. The 0.618 to 0.65 Fib extension of minuet waves (2), (3), and (4) points to a $9500 low for the end of Wave C. The 0.786 Fib extension points to $9400 and the 1.000 Fib extension points to $9200. I've drawn a rectangle...

shubbs

I've been looking at the BLX (Brave New Liquid Coin Index for Bitcoin) monthly chart. I've noticed Aug 2015 to Jan 2016 candles look similar to what's happened from March to August of this year. There was a LTC pre-halvening runup followed by a consoldation. The last three months the lows and highs for the month look like Nov 2015 to Jan 2016 only the lows...