We appear to be forming a bull flag on the Daily. Other Positive Signs: 1. Bullish Engulfing candle on the Monthly candle tonight at 6pm central 2. Weekly Engulfing candle if we're above $9,550 at 6pm central time on sunday night. 3. The 50 MVA will cross above the 100 MVA by Monday, based on the current rate. Target $9,800 and $10,250 ASSUMPTIONS:...
For the first time in ten months the 50 MVA will cross above the 100 MVA. The last time this happened we had a strong bullish cycle for the next 3.5 months. I'm expecting the same thing here going into the halving. Don't believe me??? I'm right a lot and you can confirm that by looking at my forecast 2.5 months ago.
I'm right a lot so if you want to make money hit follow. Proof???? See the chart below and hit play. We've finally crossed the 200 MVA in a strong way. Over the coming days we'll want to hold the 200 MVA level and maintain the $9,200 range going into the Monthly Close. If we do that we'll bullishly engulf on the monthly which will give us momentum to do...
My predictions do quite well so it's worth your time to keep this chart around. Here's my last one from November. --> As a basis for developing this chart, I used the historical price action of Bitcoin before the halving, in conjunction with fundamental analysis of things like the growth in wallets, Hodl %, hash-rate, difficulty, new code updates upcoming....
Drew some of the more defined support resistance zones for people that can't easily see these when looking at a chart. Made larger support zones for lower levels because who cares we're not going that way anyway. :)
I would GREATLY appreciate it if you would hit the like button. Thanks in advance!!! :) In this analysis, I'm factoring in the following: 1. Using Trend Lines, FIB, and RSI levels to determine the general timing/location of each move. 2. Factoring in the declining rate of returns from halving to halving 3. Including the fact that we seem to be experiencing...
Long story short, I expect us to make it all the way up to $8,600 based on the current Adam and Eve pattern, along with building bullish strength in the price action and volumes levels. The price target is right at the upper end of a few of the upper price channels over the last 6 month, and right before we hit strong short term resistance. I plan on taking...
The Istanbul Hard fork is scheduled to happen this Saturday. This will allow transactions per second to climb from 15 to 3,000! Combine that with the fact that the DEFI space is growing exponentially and we're looking at formula that could very easily break us out of our falling wedge and to the top of the upper end of the trade channel. 1. Count down...
To predict this model, I've had to use a number of techniques and a few assumptions. a. Assuming we're at the bottom or very close. I make this assumption because of recent price action, and Buy/Sell wall volumes, as well as factoring in the upcoming halving. b. I use the confluence of trade channels, along with support/resistance zones, moving averages, halving...
From my analysis over the last 2 months, it appears that smart money (Crypto Insiders) are/will be buying into alt coins shortly before the fork. This is pretty much standard practice. Note - This didn't really happen with the Bitcoin Gold fork, but I believe that's because Segwit2x was so closely following BTG, and because BTG was kind of a joke that was...