Cryptofreak77

Cryptofreak77 Updated 

I compared the current priceaction with the wyckoff distribution and found it like it is in the textbooks, lets hope it plays out and everyone can get the chance for cheaper Bitcoin

Cryptofreak77

Here you can see that we have similar price action compared to the last bull run wich concludes that the cycle is still full young and there is more upside ahead! cheers

Cryptofreak77

I wanted to show in this one how I see the cicles at current state

Cryptofreak77

I found out about the tool withing the volume profile tool, it can show you the point of controll and the volumearea low as a line. I played a little with it and learned alot about support and ressitance.. to draw a line is simple but when does it break? The tool will probably help by understanding where the price wants to go..

Cryptofreak77

I see here a hidden bulish Div on the monthly scale, also we are right now close to testing the montly ema ribbon. the Fib Channel is drawn from the high in 2013 to the high of 2017 to the bearmarket in 2015. I expect bitcoin to hold here, maybe a small pullback but i think were close to making a trendchange in the near future.

Cryptofreak77

I messured the previous bullmarket to make sure we have still room to grow, next indication was a bullish div on the weekly (not confirmed yet) I saw this one in the last bullcycle so I decided to look how it performed. In the end i would say that it could play out if we hold the line here.