BobLoukas

BobLoukas

We're looking at a possible first Right Translated shorter-term Cycle in many, many months. A pullback (higher low) in Feb would look to complete the downtrend from the June top.

BobLoukas

This was requested by many of the YouTuber's because the chart was used in this video: youtu.be This is a long term guide only. See the video for more detail.

BobLoukas

Wow...Litecoin is down 85% off its highs, look at all that value! This must be a great time to buy, right? Sadly, the perception of discounted value based on the size of an asset's fall is one of the oldest traps in the investing game. And in Litecoin's case, too many are failing to appreciate that at the $50 level, Litecoin is only back to levels seen in Nov....

BobLoukas

The next major Bitcoin and Crpyto Cycle Low is coming up at the end of July. Cycles have been excellent in this crpyto market. Litecoin, acting as the weakest of the group, is due to fall hard and could see a $50 handle before finding bottom.

BobLoukas

Not confirmed, but 75% chance the new Bitcoin Cycle is in. 10-day moving average higher. MACD bullish cross, Cycle timing is good. That means even in a bear market trend we should see a decent counter-trend rally here. Still, remain defensive with good tight stops, but for now I see this market trending higher for a few weeks. Then we see what Bitcoin has...

BobLoukas

Looks like a new Bitcoin Cycle is in play here. A nice trend-line break would confirm it, but very constructive to this point

BobLoukas

This could be it folks, a new Cycle Rally about to take hold. Still a 33% chance we have one final dip here, but chances are fading especially if a trend-line break occurs.

BobLoukas

The Cycle decline has been predictable and clean. This downtrend is now gaining momentum and the next big Cycle Low is now on the horizon. WANT TO KNOW MORE ABOUT CYCLES? Watch my webinar with Bitcoin Live here >>>> get.bitcoin.live

BobLoukas

Still room and time for another new high in this 60-day Cycle. But looking at volume on recent peak i would be skeptical. Alt-coins seem to also be exhausted. Chart Numbers correspond to: 1. End of prior Cycle - Capitulation Volume. 2. 10 days into new Cycle, realization phase, massive buy volume and short-covering. 3. Strong buy volume to "logical"...

BobLoukas

1. Day 29 of 60-day Cycle. Half Way through Cycle. So closer to topping point (potentially) 2. Easy money for this Cycle has been made! 3. Still in a confirmed downtrend intermediate term time-frame. Careful from here. 4. Still well short of March Cycle high of $11,870. Cannot flip fully bullish until we see higher Cycle high. But time in this Cycle...

BobLoukas

On the 4hr chart, Bitcoin has found resistance at the prior Cycle High point. Not unusual, considering the beautiful rally this sector has seen over the past week. The bumping up against the Resistance area is forming a bullish ascending triangle, telling us that after repeated attempts at cracking this area one will manage to penetrate and start a new rally....

BobLoukas

I'm a trend follower via Cycles. The Investor in me is as bullish on Bitcoin as i have ever been. I'm fully on board the #HODL train. But as a trader, it requires a different lens, as the trading time-frame is much shorter, the long term fundamentals are not applicable. Careful confusing fundamentals with what is occurring in a short term price chart! So...

BobLoukas

HIGHLIGHTS 1. Bitcoin-Crypto - Locked in a bear market downtrend. Stick with the trend unless proven otherwise. 2. 60-day Cycle Low coming up. Expecting just Counter-trend rally. 3. Volume has been anemic on positive weeks, but brisk during selloffs. Indicative of selling pressure without any accumulation. 4. 16 weeks into bear market decline. For a...

BobLoukas

Short term idea only. Likely to get stopped, so always respect stops. Descriptions in chart.

BobLoukas

The Last 60-day Cycle Low expectation I published two months back hit to the very day. We have a Cycle Low exactly on the 60-day mark. Time for the bulls to take back a little control and begin to drive price higher. Don't get excited however, ebb and flow of markets simply means the bulls will have short term momentum as the pendulum swings in the other...

BobLoukas

I've been tracking and posting about the 60-day Cycle low due around march 18th for over a month now. We're coming to that conclusion soon I believe. Remember, the Trend is Your Friend. It's currently a powerful and sustained downtrend, don't look for something that is not there! Favor the trend in your bias and trade the setups as they present themselves.

BobLoukas

Not a Pennant pattern, but so far appears to be a consolidation within a downtrend. Bias remains to more downside action once consolidation ends.

BobLoukas Updated 

I published this to my members last weekend. I HODL a sizable position, more than happy to be wrong or to see an upside move that resumes the parabolic trend. However, I still feel we have not seen enough pain and consolidation here. The next 60-day Cycle Low is a month away and I see the potential for a huge flush there to mark the bottom of a 4-month bear...