Tag: Bitcoin

12/06/21 INSIIDE Track Update – “Bitcoin has just (initially) fulfilled projections for a plunge from its Nov 9/10 peak near 68,000/BT – first down to 54,000 – 56,000/BT and then to 49,000, potentially 40 – 42,000/BT – where pivotal ‘4th wave of lesser degree’ support exists (the ideal downside target for this magnitude of correction).  In cash/weekend trading, it spiked down to ~42,000/BT – initially testing that decisive support. The Weekly Re-Lay explained how […]

12/04/21 Weekly Re-Lay – “Bitcoin bounced to its declining daily 21 Low MAC (~60,000/BT) after testing initial downside targets at 54,000 – 56,000/BTZ.  It set descending highs at or below that 21 Low MAC all week – showing continued weakness – and is reinforcing the likelihood to elevate this correction and drop to 49,000, potentially 40 – 42,000/BT.  The Oct 20/Nov 10 double top fulfilled upside targets and should hold […]

11/30/21 INSIIDE Track – “Bitcoin is testing initial downside targets at 54,000 – 56,000/BT after fulfilling the 3 – 6 month outlook for a surge to new all-time highs and then a retest of that peak (~67,000/BT).   It would need to close below 54,000/BT to elevate this correction and potentially drop to 49,000, possibly 42,000/BT.” Bitcoin fulfilled what its monthly and then weekly trend indicators have projected – a […]

11/20/21 Weekly Re-Lay – “Bitcoin peaked in sync with its daily trend pattern – projecting a subsequent decline to at least 54,000 – 56,000/BTZ (which has initially been fulfilled) and potentially down to 49,000, possibly 42,000/BT.” Bitcoin fulfilled what its monthly and then weekly trend indicators have projected – a surge to new all-time highs (~66,000+/BT) ushering in a major top.  On Nov 10, Bitcoin produced an […]

11/17/21 Weekly Re-Lay Alert – “Bitcoin retested its peak and fulfilled its daily trend pattern – setting the stage for a double top and a subsequent decline to at least 54,000 – 56,000/BTZ.  Its surging, inversely-correlated daily 21 MARC helped spur the current sell-off after assisting the daily 21 MAC in turning down. Since this is now occurring after a retest of the high, a larger-magnitude correction could […]

11/13/21 INSIIDE Track Update – “Bitcoin retested its peak but would not confirm a secondary top – and project a drop to (at least) 54,000 – 56,000/BTZ – until a daily close below 61,300/BTZ.  (Since this would now be occurring after a retest of the high, a larger-magnitude correction could unfold over a few weeks.) Its inversely-correlated daily 21 MARC is surging and could exceed current price in […]

10/30/21 Weekly Re-Lay – “Bitcoin dropped about 15% after reaching its 2 – 3 month upside target (68,325/BTZ) and initially peaking.  It was unable to turn its daily trend down while dropping right to its rising daily 21 High MAC and reversing higher.  That ushers in the possibility for a retest of the recent high before a further drop to 54,000 – 56,000/BTZ.” Bitcoin is fulfilling […]