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Attachments: Bitcoin tradable patterns, harmonics, and waves
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Bitcoin tradable patterns, harmonics, and waves

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Long term view still looks bullish to me.
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Yea probably see Bitcoin back up near it's new record high sometime this week.
  • Post #23
  • Quote
  • Edited at 5:25pm Jan 10, 2021 5:11pm | Edited at 5:25pm
Can you tell me why by the chart I posted?
I'll give you a hint, I should have added price action to the title of this thread.
Because price action can tell you a lot about where the price maybe going to next, without lagging indicators.
Quoting 45Fxguy
Going to stick my neck out and predict a retrace back down to 61.8% , or below $32,900 before end of the week. I'm sure there must be some Bitcoin billionaires ready to liquidate again soon, after the new recent record highs.
May have took a little longer than I expected, but finally happened earlier this week. Some of the news I read yesterday on the subject, Bitcoin was bubble of all bubbles, and Bitcoin miners were cashing out or giving themselves a payday after the recent record highs.
Hi 45fxguy,

I really appreciate your analysis of bitcoin, Goodjob.

Just I would like to share with you my humble view and analysis for the bitcoin here in this attached illustration chart.

Bitcoin needs to break up 37000 to confirm an upside bias to start a journey to 50000 so until now I see a selling pressure threatening to break down 30000 which will trigger a selloff to 28000 and 25000 in my opinion.

I think If 30000 holds, it will form even stronger support to buy again.

so take care.

Thanks
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We may see more movement to the down side, since a bear bat formed on BTCUSD H1 chart this morning.
Good morning, I'm playing with Renko rail-to-rail chart on BTUUSD again.
I think if we see a brick form above the 41k next week, may see Bitcoin start trending towards 50k within the next month or two.
Each Renko brink on this chart is worth about 2k in pure price movements.
As most of you probably know, Renko charts don't take time into consideration, so eliminates most of the noise seen on time based candle stick charts.
Only indicator I have on the chart is the PZ Fractal Reversals MT4, which is currently still free in the market place.
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Click to Enlarge Name: BTCUSDM3 Renko No Gap.png Size: 34 KB
MathTrader7_RenkoChartCreatorEA Current settings for chart posted above.
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Inserted Video
So Like this right? He'd be waiting for price to touch and start to bounce off the purple line, the 20 WMA before Buy Buy Buy again, that simple
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https://kimchibot.com/#google_vignette
Kimchibot still says Sell Sell Sell today
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Click to Enlarge Name: Kimchibot still says Sell Sell Sell today.JPG Size: 78 KB
https://kimchibot.com/#google_vignette
AI app still in agreement with Kimchibot today
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Beginning of a new Bitcoin rally soon?
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  • Post #34
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  • Jan 26, 10:46am (11 hr ago) Jan 26, 10:46am (11 hr ago)
Quoting forexer
Hi 45fxguy, I really appreciate your analysis of bitcoin, Goodjob. Just I would like to share with you my humble view and analysis for the bitcoin here in this attached illustration chart. Bitcoin needs to break up 37000 to confirm an upside bias to start a journey to 50000 so until now I see a selling pressure threatening to break down 30000 which will trigger a selloff to 28000 and 25000 in my opinion. I think If 30000 holds, it will form even stronger support to buy again. so take care. Thanks {image}
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Click to Enlarge Name: BTCUSDH4 EW Pro indicator 1_15_2021.png Size: 48 KB
Looks like this EW Pro Indicator's prediction seems to agree with you.
  • Post #35
  • Quote
  • Last Post: Jan 26, 11:17am (11 hr ago) Jan 26, 11:17am (11 hr ago)
https://insights.glassnode.com/the-w...n-week-4-2021/
"Despite briefly dropping below $30k over the past week, on-chain fundamentals for BTC remain strong, indicating room for further growth. Meanwhile, the rest of the crypto market is growing even faster.", Liesl Eichholz
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