Back to 42k? I don't think this is a novel idea now. I think we have seen most of the institutional big buys at the 30-40k area, with some at 50-55 and even 60, but these are smaller blocks, and there are a lot of smaller sell blocks upwards, with more consolidation. Bears are in control, investors are ready to go, but I think we are just waiting for the new...
ETH has formed a cup and handle, and is now in a bearish rising wedge. This has happened before in last run-up, where we skipped the pullback to (now target $3.5k) and the price went right for the breakout. I'm counting on ETH to go beyond $4k and reach $5k pretty soon.
Cup pattern finalizing on XTZ with the handle (bullish bat pattern). Price is consolidating and expecting a similar breakout to the upside like we are seeing now on ONEUSDT. Target for retracement is imho fib 1 if passing through the golden pocket, with an expected correction at 0.618
I didn't want to make the chart more messy than it already is with fibs so do your own work. So I opted to segment the chart by volume/bars and psychological areas of buy/sell and market making. So there are some ideas that 39.5 is pretty much the end for a bullish cycle. I don't think that is the case. I'm making the case that the strongest support is at...
I'll refrain from doing extensive technicals in this, and just look at the geometrics, underlying the fractals. Repeat a complex system over time, and patterns emerge. It's as simple as that. Then there is the law of large numbers, where events like COVID crashes are effectively smoothed out. BTC is neatly on track with crashing through the triangle before...
Consolidating towards a symmetrical at 47,290. (My opinion on this 50/50 : Could maybe go under, around and up 46,900+. Down if dropping under 46350, still bull. probably still solid support on 42k. ) The conditions where it is in: MACD levels low and momentum decreasing are eerily similar to an earlier run at 50k. www.fxstreet.com "Bitcoin wavers in a...
Attempt to do a price/time forecasting, using two traditional points of pivot: 1. Before black friday 2. January rally. Using the MA 200 in a up/down wave trend. The pattern is moving upwards diagonally and consolidating, and ended up aligning with some of my pre-assumptions: - BTC price fluctuations smooth out, and the timeframes of larger cycles will...
I'm really new to this so bear ( ; ) ) with me: This probably isn't a novel idea, I just haven't heard being said (although the number 24k has been going around). I've read opinions about BItcoins cycle length being "about 4 years" although the most comment sentiment seems to be, that we have entered a new bullish market since July. Just looking at the chart...