Of course I know that holding leveraged positions is risky and I thought I had a pretty large safety margin. Yeah well, not good enough for a coronacrash it turned out. I´m out. No more trading for me.

We are approaching the weekly parabolic support line which leads to over 100k in September 2021. Also, the bitcoin market cap chart is approaching its weekly support line. And the weekly On Balance Volume

The wave ii correction started a bit slow, but has been picking up steem lately. On Bitfinex, today, we printed a low of $8555; which is already in our Fibonacci target area, which means it could be over

Finally, wave 1 seems to have topped. Wave v decided to extend itself from 9650 to 10500, almost a 1000$. It's impossible to predict how this wave 2 correction will unfold. There is of course the Elliott

A quick update. I was too early in calling the top and that's not the first time. Maybe now we're there as at least we've seen a good move down today. But, this is bitcoin and you cannot be certain about

The move up is looking very five wave-ish. Not just on bitcoin, but also on the total crypto market and the Huobi10 Has it completed? The Renko chart has reached the previous October high again. In addition,

The breakout out of the correction seems confirmed. Please note that we are above the weekly 21 SMA, 21 EMA and 21 WMA, which tend to contain the weekly trend; as can be easily seen in the above chart.

Above a chart of the total crypto market. We've found support on an important level in November and December and have now broken through the down sloping trend line from these lows in impulsive fashion.

Litecoin seems to be breaking out! And, looking at the weekly chart, it's about time. Just 4 days ago, there was news describing the largest capitulation of litecoin miners during the second half of 2019

Yes, we are pushing against the red neckline of a head and shoulders reversed pattern. And yes, if we break this neckline with force then $9k is our next target. And yes, then we'll then have also broken

We had a nice move up yesterday, but I don't think we're out of the woods yet. Elliott wave wise this is the third leg of a correction in a downtrend with a Fibonacci target somewhere between $8000 and

The crypto markets are very quiet this time of year. So, let's take an excursion into exploring bitcoin options & futures as there are some differences with trading options on bitcoin as opposed to

This week we've seen another important bottom in December as prices decided to drop just below the November deep. On my parabolic chart above, which has a target of 100k$ in September 2021, we've just

There are those who believe that volume precedes price. Joseph Granville was one of them and he developed the on-balance volume indicator to measure volume flows. For instance, the so-called smart money

Important tops and bottoms for bitcoin tend to occur in or around December. In fact, only the 2011 and 2019 tops manifested themselves in June. All the other major tops and bottoms were mostly in December

Well, if the purpose of this drop is to scare the bulls, they've succeeded. Some are even questioning if the move up from early 2019 is actually an impulse. They argue for the December 2018 bottom to be

This is going down too fast now. I think I need to relabel as above, or something like it. The October impulse has become encircled wave x and we're no longer in a correction of that impulse but in the

Severe pressure by the bears is put on the price of bitcoin. I had expected the 61.8% retracement level to provide decent support, but we're now testing the 78.6% Fibonacci support level at just below

The situation is pretty clear. We have made a impulse up (from the October 23 low to the October 26 top) and are now correcting that impulse in a falling wedge: a pattern which is very close to completing.

Within the larger wave 3, we have completed encircled wave i and are about to complete encircled wave ii. Looking at the 3-hour chart, there is some more room to the downside, as we are still correcting,