#BTC RSI Bottom - Purple Lambo Christmas Incoming!
March 2017 we had a drop of 30% prior to the beginning of the April 2017 rally, which didn't really stop rallying or partying until Dec 2017.
If we follow the same trend, expect similar results, but consider that we are following a logarithmic growth pattern and this is likely to lead to 4-5x projected values after the next 270 days.
Notice the RSI pattern in Apr/May 2015. First it bottoms out. Then it climbs, but fails to top out, then falls back to bottom again. After that next bottom, the next rally begins and leads to 42% growth in 41 days, or approximately 1%/day in average gains.
Notice the RSI pattern now 2017. Again, it bottoms out. Then it climbs, but fails to top out, then falls back to bottom again. If we repeat the prior pattern, target is 42% over the next 43 days (assuming that we fall on the RSI for one more day before we begin the rally).
Remember, Logarithmic growth, so that 40% is likely wrong. It's very possible we may see 300-500% growth within the next few months and that may still be a very low target.
If we look at March 2017 dip, we lost 30%, hit the bottom of the RSI, then did a fakeout topper on the RSI, then continued higher on the RSI.
That Fakeout Topper RSI, sent us into the long term gains of 2017, with multiple rallies that could not be beat down by the bears (as you see by falling and bottoming RSI levels but BTC levels stayed up and continued to grow).
After that Fakeout Topper, we grew 1800% over 270 days or 6.66% per day on average.
It's possible since we are in the bottom of the RSI, that we may see a similar Fakeout Topper incoming over the next 15-42 days. 15 days most likely to be the fake top, then a slight drop, then second RSI rally to push us above the top around 42 days (36 days is burned in my head as part of the natural cycle). Bitcoin prices should follow to $8700ish for +42% over 42 days, which works out to +1%/day on average.
If this rally continues for a period of 270 days, then expect to see targets above $100k per Bitcoin. Figure into that, logarithmic curve and it may be an insane $400k to $500k per Bitcoin.
We can dream of a Purple Lambo Christmas in 2018! Might just be a dream.. don't get too caught up in it. No emotions! Only risk what you can afford to lose!
If we follow the same trend, expect similar results, but consider that we are following a logarithmic growth pattern and this is likely to lead to 4-5x projected values after the next 270 days.
Notice the RSI pattern in Apr/May 2015. First it bottoms out. Then it climbs, but fails to top out, then falls back to bottom again. After that next bottom, the next rally begins and leads to 42% growth in 41 days, or approximately 1%/day in average gains.
Notice the RSI pattern now 2017. Again, it bottoms out. Then it climbs, but fails to top out, then falls back to bottom again. If we repeat the prior pattern, target is 42% over the next 43 days (assuming that we fall on the RSI for one more day before we begin the rally).
Remember, Logarithmic growth, so that 40% is likely wrong. It's very possible we may see 300-500% growth within the next few months and that may still be a very low target.
If we look at March 2017 dip, we lost 30%, hit the bottom of the RSI, then did a fakeout topper on the RSI, then continued higher on the RSI.
That Fakeout Topper RSI, sent us into the long term gains of 2017, with multiple rallies that could not be beat down by the bears (as you see by falling and bottoming RSI levels but BTC levels stayed up and continued to grow).
After that Fakeout Topper, we grew 1800% over 270 days or 6.66% per day on average.
It's possible since we are in the bottom of the RSI, that we may see a similar Fakeout Topper incoming over the next 15-42 days. 15 days most likely to be the fake top, then a slight drop, then second RSI rally to push us above the top around 42 days (36 days is burned in my head as part of the natural cycle). Bitcoin prices should follow to $8700ish for +42% over 42 days, which works out to +1%/day on average.
If this rally continues for a period of 270 days, then expect to see targets above $100k per Bitcoin. Figure into that, logarithmic curve and it may be an insane $400k to $500k per Bitcoin.
We can dream of a Purple Lambo Christmas in 2018! Might just be a dream.. don't get too caught up in it. No emotions! Only risk what you can afford to lose!
Komen:
A closer look at current bottom of RSSI and look at the prior rallies. We had one stalled RSI upward movement that was pushed down, but prior to that, what did we see? And how much did bitcoin move during that prior move?
Komen:
Also notice, all of this sell off volume has only moved us SIDEWAYS (See orange arrow and orange circle).
This is a sign of strength. Yes, we're down, but are we down much? With that much sell off volume, you'd kind of expect we'd be down a LOT more.
Give it another 12-36 hours to reach bottom at $6180 and then bounce.
Don't forget to buy, cuz if you don't buy, you can't play and you can't win if you don't play.
This is a sign of strength. Yes, we're down, but are we down much? With that much sell off volume, you'd kind of expect we'd be down a LOT more.
Give it another 12-36 hours to reach bottom at $6180 and then bounce.
Don't forget to buy, cuz if you don't buy, you can't play and you can't win if you don't play.
Komen:
Komen:
4H RSI looks like a bounce..
Notice the last green RSI arrow showing a similar bounce and the price action related to it. We could be here at double or actual, triple bottom now.
Gotta look back further to see the first bottom. Both bottoms after the first have been higher than the previous, not by much, but they are higher and this says to me that we're still in a bull market.
Notice the last green RSI arrow showing a similar bounce and the price action related to it. We could be here at double or actual, triple bottom now.
Gotta look back further to see the first bottom. Both bottoms after the first have been higher than the previous, not by much, but they are higher and this says to me that we're still in a bull market.
Komen:
3 Attempts to break lower lows since November and 3 failures, still a bullish market because each bottom attempt was higher than the prior bottom attempt on Nov 12th 2017.
Notice the Schiff Pitchfork with the bottom line following our 3 bottom points (solid purple line). We'll be pulled towards the center of that Pitchfork. Direction is up!
Notice the Schiff Pitchfork with the bottom line following our 3 bottom points (solid purple line). We'll be pulled towards the center of that Pitchfork. Direction is up!
Komen:
1H looks good.. 1D RSI has hit 2 of my targets so far over the last 24 hours or so.
Komen:
Possible throwback due to Ichimoku resistance cloud, before we kick up through it?
Komen:
Better than expected.
Komen:
Hourly candles shows we're at a great spot with the Ichimoku cloud ready to keep us supported for growth.
Komen:
Just keep thinking Purple Lamborghini.. bull flag, then another bull flag. Targets $7550 then $7680.
Komen:
Thanks China.. now you're pushing us back to $6300 with that inverse cup.
Komen:
Komen:
Sideways markets are a pain.
Komen:
Update on my Purple Lambo.. My call above was pretty close.. we're trying to breakout but found the Ichimoku resistance and were pushed down slightly. no big deal, we'll make a re-attempt.
Komen:
Here's an update on the 4H Ichimoku Resistance area we're struggling against now. It's pretty thin, so there is a good chance we'll break through and rally up to almost $8k before we hit the next resistance area.
Komen:
Might as well update this RSI call
We are on track! $10k is within reason and above the 1D Ichimoku resistance cloud that has been holding us down since Nov 2017.
We are on track! $10k is within reason and above the 1D Ichimoku resistance cloud that has been holding us down since Nov 2017.
Komen:
Looking closer at this RSI chart, it's possible we could hit $12-15k before we slow down and start a minor consolidation period.
