Bitcoin Technical Analysis

The Bitcoin Crypto-Coaster Ride - Technical Analysis Part 3

Below is a sample of my bitcoin technical analysis charts and articles beginning in November 2015. At that time, bitcoin experienced a breakout from its primary bull into a secular bull run through to December 2017.  Twitter screen shot dates are linked out to my Twitter feed. To view a larger version of any standalone chart, right-click on it and choose your “view image” option.

1) November 2, 2015 – Bitcoin weekly chart…The original chart…

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2) November 4, 2015 – “Bitcoin weekly chart this morning, looking like a move on the Daily today, $470’s this morning, China baby.”

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3) December 22, 2017 7:45am EST – “Bitcoin Daily chart, warned on Dec. 19 chart post regarding the Dec. 18 Hanging Man Doji.  They are never good news.  CBOE CME seasoned professionals achieving their ojbective, otherwise Big Brother would have had to shut crypto down with a big stick.”

Bottom caller & bear market denier #1 in February…

Twitters Calling Bitcoin Bottom February 2018

Bottom caller & bear market denier #2 in April …

Twitters Bitcoin Failed Call April 2018

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4) April 20, 2018 10:15am EDT – “Potential Adam & Eve Double Bottom pattern with a $500 spread.  $11,800 must be taken out decisively for any breakout confirm.  Armchair bottom callers foolishness abound.  Resistance at 50 & 200 EMA Death Cross , volumes weakening.”

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Bottom caller & bear market denier #3 in May…

Twitters on Bitcon May 2018

5) May 24 (article) – The Bitcoin Crypto-Coaster Ride – Technical Analysis… “There will be no financial press, fundamentals, cryptophant community opinions, or geopolitical fodder provided here today, but only basic technical analysis.  Why now?…”

 

The Bitcoin Crypto-Coaster Ride – Technical Analysis

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6) June 29, 2018 7:45am EDT – “Bitcoin Weekly, Descending Triangle breached at 6k low last week.  Low $5,755.  100 EMA weak support at current price.  Weekly buying in Oct. 2017 is the only support between here and $4,300 78.6% Fibonacci level.”

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7) August. 4, 2018 8am EDT – “Nothing has changed since early Jun. 2018.  Bearish Descending Triangle and the 50 / 200 EMA Death Cross (on Daily chart) remains in play.”

Bottom caller & bear market denier #2, again in September…

Twitter Bitcoin Failed Calls September 2018

8) Goldman Sachs kills crypto trading desk plans, Bitcoin flash crashes…

 

9) September 16, 2018 6:30am EDT – Bottom callers and bear market deniers suckered in due to unqualified short squeeze call-outs on September 2, 2018…

10) Bitcoin Daily Chart November 14, 2018 11am EST.

11) Nov. 24, 2018 (article) – The Bitcoin Crypto-Coaster Ride – Technical Analysis Part 2 …”Severe technical damage has occurred with a potential for further downside. This is not a time to catch a falling knife and be a gambling hero”…

The Bitcoin Crypto-Coaster Ride – Technical Analysis Part 2

12) Dec. 5, 2018 – Bitcoin Daily Chart 12pm EST – the plunger candle, then three waves down, a fourth wave on momentum coming?

13) Dec. 7, 2018 – Bitcoin $BTC Daily, 8am EST – as called on Dec. 5, a fourth wave down on momentum.

14) Dec. 17, 2018 – The fourth wave down printed a $3,215 low on Dec. 14 via Bitfinex.  There is the potential for a capitulatory 5th wave down.   Also, take note of the following article published this morning…

One of the first crypto millionaires says bitcoin is ‘dead’“When it comes to investor bitcoin burnout, it takes one to know one.  Erik Finman, who gained renown after becoming one of the earliest crypto millionaires, told MarketWatch in an interview that the virtual currency that made him wealthy is headed to the trash bin. “Bitcoin is dead, it’s too fragmented, there’s tons of infighting. I just don’t think it will last.” – NYPost, Dec. 17

15) Jan. 22, 2019 8:15am – Ignoring plunger candlesticks is foolish – the chart remains bearish and requires many many thousands of $ to the upside to even show a hint of bullish…  Jan. 25: JPMorgan: Bitcoin Is Worth Less Than the Cost to Mine It

16) Mar. 29, 2019 10am EDT – Bitcoin Weekly Chart – cryptophants are pushing the bullish narrative, again. Fact: not even close ! Pull up a chart occasionally and eliminate your ‘feelings’ – $btc cryptocurrencies crypto.

17) Apr. 28, 2019 – Tom Lee, who in May 2018 tried to sell you $25,000 $BTC by end of 2018, then in Dec. 2018, he complained on Bloomberg that the “markets are wrong” when it did not happen.

I have news for Tom. The markets and charts are always right, your entry and exits are wrong, and your emotions have no business in this business. Now he says the crypto-winter” is over.  I have more news for Tom. The bitcoin chart remains in a bear market as of today, and thousands of $ to go through overhead resistance before anyone can claim a new bull has begun.

Tom Lee BTC Bitcoin 25k in 2018 Call

18) May 10, 2019 – “The Bitcoin Crypto-Coaster Ride – Technical Analysis” Part 3

The Bitcoin Crypto-Coaster Ride - Technical Analysis Part 3

19) May 18 – Recommended reading for savvies from @RoryTDC published on May 15 at  “Here We Go Again… Bitcoin Was, Is and Always Will Be A Tool Created by the NSA and MIT”.

Here We Go Again... Bitcoin Was, Is and Always Will Be A Tool Created by the NSA and MIT

20) To be continued…


porc dont tread on me

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