mwinmill

mwinmill

Bitcoin is clearly in at least a Short to midterm downtrend. We’ve had a bullish cross of the 50/200 day SMA. Do we fall through it again for a second fakeout? That would be unprecedented in the history of bitcoin. It isn’t impossible though. Bitcoin is currently following a falling wedge (which typically break up) but it also may be forming a large bull flag (red...

mwinmill Updated 

Everyone is feeling bullish today sounds like. However, take a look at the two boxes. The current price action may look bullish, but it seems to be a larger repeated fractal. If this plays out, this will lead to a much larger break down. Trade safely. BITSTAMP:BTCUSD

mwinmill

Everyone is negative today, claiming bitcoin topped and it's going down. Well clearly it's not going up right now. It's nearing an inflection point. It will need to make a decision to bounce soon around the $9000 mark, or continue in a medium term down trend towards $7800 or lower (This could spook holders and trigger a sell off). Bitcoin has had a great run up to...

mwinmill Updated 

Last year in March, euphoria was setting in and the thought of the bear market ending was getting everyone excited. Around April 1st, Bitcoin took up and had an explosive move to the upside. Fast forward to May 2019, Bitcoin paused for wave 3 of it's 5 waves up. What's interesting about this move is the similarities we can see in the current move. This year...

mwinmill Updated 

The Dow Jones over the last 20 years has been making some interesting moves that closely mirror what happened from 1915 - 1930 (The boom before the great depression, the drop and the massive deadcat bounce before the real decent into stagnation and depression). Over the past 3 months we have had some major weakness in the market, triggered by the fear of Covid-19...

mwinmill Updated 

Bitcoin is following a curve move up (Many large caps are attempting the same move, notably $ADA). If bitcoin is going to make it to 10K, it will need to hold this as support or risk a failed breakout and break down to find more support in the 9400 or 9200 level.

mwinmill

$ada following a curve upward, stuck between the 100 and 200 EMA on the daily. A move up with confirmed support could lead to a golden cross. #cardano

mwinmill

POLONIEX:XRPBTC Has been in a down trend for quite a long time. Compared to other Altcoins, XRP has been hit particularly hard. However, if you look at the long term trend, you can see that Ripple has been making it's final descent of the last leg to complete the end of the pattern. Up until this point, Ripple has followed a larger, fairly predictable fractal...

mwinmill

Matic has been an odd duck with it's price action in the past year. It had an epic run up of price in May 2019 in the span of 10 days (from 49 sats to 573 sats), before crashing down to earth, only to have another meteoric rise (from 173 sats to 569 sats) and one of the most epic crashes we've seen in crypto where it retraced almost entirely in a couple days....

mwinmill

It’s pretty clear the bitcoin downtrend is stronger than the bitcoins bulls realize.

mwinmill Updated 

Bitcoin has been in an impressive uptrend since the middle of march. It has been condensing into an ascending triangle. Interestingly, the end of the triangle points right a significant price level ($11,500). This doesn't seem like a significant level until you look at the weekly, where it neatly matches up with support turned resistance in 2018 and then confirmed...

mwinmill

Markets have repeating patterns. This seems no different. Given the halvening coming up, I would expect $BTC to range for a while before moving up again. However, it needs to retest the 200 day EMA and confirm it as support. It also needs to have the 100 day EMA cross above the 200 to get some bullish momentum otherwise this will be a failed rally and we could see...