Crypto Analysis Report 4-2-19…Has Bitcoin Bottomed??? – Part 2

Back on 12/30 I wrote a post about Bitcoin,

Crypto Analysis Report 12-30-18…Has Bitcoin Bottomed???

After coming within $200 of pivot low that was established back in Sept of 2018, buyers have stepped up their game. However, the crucial level remains the daily supply at $4500. If price can breached that level, price has a chance of moving higher.So the question becomes is there still pain for Bitcoin and are we in the process of bottoming? It is my opinion that there is more upside, then downside…2019 should be an interesting year for Bitcoin.

Since that time, Bitcoin had been stuck between $3,500

BITCOIN: “Don’t say “wheat” until it is in the bag and well tied”

…or as we say in Catalan Language: “no diguis blat fins que no sigui tot al sac i ben lligat” which means that despite the extraordinary rise of BITCOIN today, which as I wrote yesterday as a first option to happen in this post , we still cannot say the reversal is confirmed yet.

This is the chart I presented as an option 1 yesterday:

And this is how it looks today:

That long daily candle has crossed the 200
DMA and almost has reached the 1.618 FIBO level of the fist wave for the
end of the 2nd wave, which it is

Bitcoin – What’s happening?

I’m glad I got yesterday’s post published in time. Though (as always) it was my “Scenario B” that happened to play out, at least my readers can’t say that they weren’t warned about the breakout.

Recap and update of yesterday’s post:

A quick recap of what I said about the breakout scenario (before it happened) yesterday – with comments on each statement now that the breakout has occurred:

After a general climb of nearly eight weeks, Bitcoin has finally reached the “GO / NO GO” point.A “GO” situation means that BTC will break free from the current pattern – a converging triangle – and

Bitcoin Technical Analysis: BREAKOUT…BE CAREFUL

In my last update, I told you bitcoin had reached a decision point. It was pushed up against 3 areas of major resistance with a fair amount of volume. A breakout was clear, it was only a matter of direction.

Earlier today, bitcoin finally broke above the $4,120 resistance, reaching new 2019 highs. It did so with a major surge in volume…the likes of which we haven’t seen since January of 2018. Bitcoin finally found resistance just below the 0.618 fib level measured off the prior $6K breakdown in 2018.

This nearly $1K move happened in under an hour. There’s no question

BITCOIN – 2 Apr

On 4hr chart, it went better than expected. Mentioned that’s it likely to test the possible ascending triangle top resistance around 4250~4400 zone. It tested and looks like breakout pushing all the way to 5000. Breakout tgt around 5520 zone. Somehow it touch the possible top of the bigger symmetrical triangle and pullback. It also push above the 200 MA on daily chart. Likely to test for 200 MA support thereafter.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :117
Total marketcap :163
Dominance :51.3
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe

We are on the Boat baby ?‍♀️ , Let’s Ride!

Been talking about how this Spike would come, Let’s Ride!

Much of Crypto is up more than 8% this morning. Bitcoin has spike Huge off the resistance break. Litecoin continues to show strength and is spiking big. EOS is running into resistance and closing in on a spot where it could slow down. Hopefully it blows through!

Crypto Contest April 2: Bitcoin

Bitcoin (Bitstamp: BTCUSD) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Bitcoin began a wave one advance in January 2015. The red wave one finished in June 2016, and the red wave two correction ended in August 2016. The red wave three advance finished in December 2017, and the red wave four correction ended in December 2018. If this wave count is correct, Bitcoin should be heading next towards the December 2017 peak in the red wave five.

(Chart courtesy of Tradingview.com (log scale))

Zooming out in the monthly

Litecoin Quietly Consolidates Before its Next Move

Looking at the litecoin chart a couple of things jumped out at me.
1.) The Declining Volume for the Month of March
2.) It consolidating sideways around $60, which is where it ran out of steam after the last move up.
Looking at the chart in this post you can see I noted the volume on the bottom right side of the chart with an arrow.
See how it has been drying up as March went on?
I’m not saying that is necessarily a bad thing, in fact I don’t mind at all that we are consolidating on light volume.  Sometimes that just means the

The Writing is on the Wall Folks. It is all Starting to Break Up $XMR $ZEC $BTC

I have been bullish crypto pretty much all of 2019 and I am even more bullish today. Every day another ALT coin is breaking higher out of the rounding bottom and the news is ignoring. This is GREAT NEWS (lol) actually. Below you can see both Monero and Zcash breaking up to new highs.

Bitcoin is next folks. Just look at this rounding bottom. I love finding these and the media not talking about it. Strap on the seat belts boys and girls!

Long and Strong…

BITCOIN: at least two positive options…

Again we are in another decisive moment,  BITCOIN is reaching the latest High around 4200 USD.

Everyone
is focused on this level since it represents the expected moment to
tackle with in order to know if the market is under the power of BULLS
or still under the domination of the BEARS.

Two options
can be predicted as more likely among others, one for each one of the
“fighters” however, what I see here is, anyway, a Positive reading of
the market today.

1st Option, for longs:

After having touched the bottom, BITCOIN has completed 2 Waves and is building the 3rd up:

On this