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Btcprojection

Bitcoin Monthly Candle close colour patterns since 2011We got the expected RED March close but it was a close thing. but, this creates better Odds for a continued push to ATH. We have had only 3 occasions when we had a Green Jan, Red Feb, Red March ( arrows) 2 of those went on to an ATH the following Year ! The other one was entering a Bear Market. Of the previous 7 RED March Closes, 5 were followed by a Green April And of those 5, 4 were followed by consecutive Green candles closes for the following Months. As you can see, April, May and June do have more GREEN closes than Red on average but May and June is near 50/50 It could be said that March Candle close was a "Spinning Top", showing in-balance / indecision in the market. This is possibly driven by Macro events. We had a similar situation in 2012 and April was Green, as were the following months. We had 2 other occasions with small Red candle bodies in March, both were Hammer Candles, one inverted, that led to a red April, the other was not and let to a green April. The March close we just had, had a Long Upper Wick. To me, this shows the BEARS had the upper hand, keeping driving down. And thats OK, PA needed to reset but we now need a GREEN April Statistically, April should close Green - We currently have a Score of 8 Green to 5 Red month closes for April. April seems to have opened GREEN and I hope to see it close that colour though we do need Caution Because of the Colour sequence over recent months, there are not many comparisons to use.
BITSTAMP:BTCUSD
by Orriginal
Btc ProjectionWhen we want to see the big picture, we see a large harmonic pattern covering the bull and bear . Although the current price levels seem to have found support at 19K levels, I predict that this decline will continue until 12K. The reason for this prediction is the internal fractal patterns. If we want to explain this on the graph; I think that the harmonic pattern, which I consider to be a shark pattern in the measurements above, has been completed and has started to form a new harmonic pattern. When we follow the existing candlestick from the CD leg of this completed harmonic pattern, we can observe that half of a new harmonic pattern emerges. It can be misleading to predict which patterns this harmonic pattern will overlap right now. However, I can say that the new pattern will climb to at least 1.27 fibonacci levels. Since I said it as a prediction, I think it would be more accurate to say that it will exhibit price movements in the range of 1.27 and 1.618 instead of saying that it will be 1.27. If our prediction turns out to be correct and a harmonic pattern is formed at our expectation levels, we can add to this prediction that the retreats of this harmonic pattern will be in the range of 11-14K. If we narrow the frame a little more and zoom in on the price movements, it seems that the current price movements draw a triangular chart. Upward jumps of the candle needles can also be clues that the triangle will break upwards. Of course, since this equilateral is a triangle, it may not be a safe sentence to say up or down about the direction until the candlesticks extend beyond the triangle. But my prediction is that there will be an upward break depending on the harmonic pattern I just predicted. When we go back to the big picture, we can see that the fractals we are talking about are more than one. It also appears that the harmonic pattern we just mentioned was in a larger fractal before it. If we take a measurement by accepting the resistance zones of these harmonic patterns as average levels of 1.618 fibonacci, we also see that these harmonic patterns correspond to the previous supply regions. But there is something else that will disrupt our plan. The 0.786 -0.886 C leg of the prices, which I think will be on the rise right now, can go down a little further to 1.13 fibonacci levels, forming a shark pattern. In such a case, prices may fall to 16400 and return from there. It is also necessary to be careful against this situation. NOTE:This is not investment advice.
Long
by CryptoBrainn
BLX BTC Liquid Index may even retest W3 top@20k if 25500 is lostBLX Bravenewcoin liquid index may for the first time retest a previous top if 25500 the 0.618 FIB EXT from the ABC top is lost. There is absolutely no support (BLANK SPACE) going down to 20000 (the 0.786 level) except perhaps the weekly WMA200 line at around 22000. The blue neckline from the 2020 pandemic Inverse H&S will intersect 20k & 22k & thus this line may offer also some support as a retest before rally. PLEASE NOTE that I may be wrong about this being a wave V. This expanded flat correction could just be a wave IV ABC correction. Wave V could still bring BTC to new ATH before an even bigger crash if recession plays out in 2023 or 2024. Not trading advice
BNC:BLX
by xtremerider8
BTC The Past Present and FutureIn my previous articles, I pointed out the current status of BTC. I expect an apology from those who insulted me for saying that BTC will fall in my previous analysis :).. I think the current chart is trying to complete the head and shoulder pattern. When we look at the past accumulation regions, we can see that the previous picture is similar to this one. According to this chart, it suggests that the price may decline to an average of 33K - 28K levels. When we look at the weekly time frame, if the pattern we see is a harmonic pattern, we cannot expect the prices to rise before the fib of leg D falls to the 1.24 level. But I must say that I don't believe what I'm saying myself. So I don't think the price can go down to these levels. But if the price hangs around here, we can summarize the support zones that may occur as follows; When we projection with Schiff and Fan, we can say that the intersection of schiff and fann is a strong support. Especially the schiffin, which crosses the gann fan's 8/1 and 4/1 twice, may indicate that there may be strong support for the current price, although there is no accumulation in these regions. I marked these regions with red dots. Based on all these assumptions, I expect the price to decline to the region indicated by the green box in the chart below. I don't believe it will go any lower. I also indicated the price resistances that may occur when there is an upward trend in the future with the Fibonacci channel. Of course, these are all assumptions and calculations based on the probability of repeating past data. However, I think that the price may definitely encounter a reaction at these levels in up or down movements. When we look at BTC dominance, we can see that it is in the triangle range. In order for this triangle to be completed, I think the chart data should go down and regress to the 39 levels of dominance. If we make a measurement with technical indicators, we can say that this level will go down even more. When we measure it with Fibonacci, we see that the earliest stop point is 36. But the good news is that there is a bullish formation in graphic. When BTC completes the dominance pattern, a harmonic pattern in favor of the bull emerges. This will quickly increase the dominance to 55 . When everything in the world and in nature comes to the highest or lowest level, it definitely turns upside down. That is, the highest one begins to descend, the lowest one begins to rise. It's like the law of physics. This never changes.. Nothing stays always down or always up. We can see this when we look at the BTC fear index. If we talk about indicators; Considering that rsi graph data is a reflection frequency, we can use rsi not only with numerical measurements but also with graph measurements. I know it sounds silly, let's look at the graph. I think there is a shark pattern on the rsi in the chart above. I know that graphic analysis will not be done on the indicators, but I would like to share it with you because it works for me most of the time. According to the theoretical knowledge, this harmonic pattern should reduce the data numerically. If this is a shark pattern as I thought, the rsi value should regress up to 10 . If we compare this with the real price chart, we can think that prices can decrease up to 30K levels on average. We can see the power of the sellers on the aroon indicator in the daily time frame. We see that the trend in the adx indicator is strong and the levels of the adx should regress in order to start an upward movement again. but this way it can point to new trend. Cmf is my favorite indicator. It never surprises. It can even eliminate manipulated movements. It's like a graph filtering indicator for me. So I see that despite such a strong price drop, it still does not produce a strong signal. In order to say that the prices will definitely go up, the cmf must go down to -20 and below. Currently at -5 levels. Momentum indicator shows -3100. This value definitely indicates an upward reversal. But according to an algorithm that I have formulated using the data of all of them together with other indicators, the value of momentum indicator for upturn does not reflect the truth yet. In the algorithm I formulated, the ratio of the momentum indicator to the other indicators has always changed direction. However, although the value of the momentum indicator is very high, its proportioning with other indicators does not give the return score. As a result of the prolonged decline of BTC, I think the data of this indicator is bottom. To summarize briefly; I expect the BTC price to be in the 24K to 30K range. After returning from these price levels, I think that a long-term rise is certain. NOTE: This is not investment advice.
by CryptoBrainn
What if BTC went to $10k-13k, bounced and went to $100k? An ideaHere's a longer term idea I'm playing around with and my reasoning for it: When price broke $13k, it tested it 3 times prior to breaking through resistance and on higher time frames, never retested the level as support. On top of that, price rose really quickly after breaking out, unlike the normal start to a bull run where price rises slowly and then accelerates towards the peak. Because of that, I could see price coming back to test the $10k-13k supports sometime this year before resuming the bull run. What also leads me to believe that this is a possibility is that the charts of other major crypto currencies like LTC, ZEC, etc., also look to me like they want to correct to the mid double digit ranges which makes me believe that Bitcoin would need to fall much lower for that to happen. This is just an idea for now, but I think the probability of it playing out gets greater if BTC can gets under $25k at any point.
BITSTAMP:BTCUSDShort
by benjihyam