Tag Archives: cryptocurrency forecast

04/12/19 Status: The Rocket kicked off (finally) in our direction!

3-month focus chart.

Current Cryptocurrency Prediction:

  • $NYXBT (Bitcoin), 11/20/18, bull trend signal. TSP (11/21) = 4409.72. Upside 3-month bitcoin price forecast is 5250.

Current price for a 4 symbol package = $7,500 quarterly.

Model notes: This post was made Friday (April 12) midday, looking back at the chart updated through April 11. The great news is that the chaos nonlinear forces have finally kicked in and Bitcoin moved decisively higher. The “catch the falling knife” bull trend signal (11/20) is now “in the money.” We briefly kissed our nonlinear forecast projection (5250). Basically I am waiting for the projection to ratchet up of have a reversal signal. The model is still in-synch with the trading.

Signs and Times: Since the Mueller investigation concluded, I think the Clintons have disappeared. I don’t see them in the media. It is as if a UFO came and collected them late one night. Or they could be hunkered down in a bunker surrounded by lawyers, carefully listening across the waters for Trump to yell “Starboard side, prepare to fire!”

Note: The following comments are based on using technical analysis to ‘flesh out’ our nonlinear trading signals. TSP is defined as the closing price on the day following the signal day.

Nonlinear Trading Themes:

  • Bitcoin forecast ($NYXBT): Wow! Bitcoin rocketed up 25% in a month. We are now at our projection area warning this could be a toppy market. On the other hand, the trend is still pointed upward. So, I am waiting for either a trend signal change or an upward market projection to higher levels. The classic technician’s dilemma. For now the nonlinear process is still up.

GH Garrett – Chief Market Analyst for ConquertheMummy.com  © 2015-2019, “Nonlinear trading signals that matter in bitcoin trading.”

Trend up, but it isn’t a rocket!

Current Cryptocurrency Prediction:

  • $NYXBT (Bitcoin), 11/20/18, bull trend signal. TSP (11/21)= 4409.72. Upside 3-month bitcoin forecast is $5250.00

3-month chart. Current price for a 4 symbol package = $7,500 quarterly.

Model notes: This post was made Saturday (March 23rd) looking back at the chart updated through March 22. The model is still under water from the “catch the falling knife” buy (11/20 signal) but the recent bounce off the early Feb lows looks convincing. The 5250 projection is northward (this is roughly in line with our previous projection). Incidentally we have recently added a Bitcoin price forecast to our comments, our research effort continues. The model is still in-synch with the trading.

Note: The following comments are based on using technical analysis to ‘flesh out’ our nonlinear trading signals. TSP is defined as the closing price on the day following the signal day.

Nonlinear Trading Themes:

  • Bitcoin forecast ($NYXBT): The Bitcoin market trend has reversed to the upside following lows in mid-December and early February. We do have resistance ahead at the 4200 mark but the nonlinear projection of 5250 indicates this should be broken going forward. 

GH Garrett – Chief Market Analyst for ConquertheMummy.com  © 2015-2019, “Nonlinear trading signals that matter in bitcoin trading.”

Never sell a dull market!

Current Cryptocurrency Prediction:

  • $NYXBT (Bitcoin), 11/20/18, bull trend signal. TSP (11/21)= 4409.72.

3-month chart. Current price for 4 symbol package = $7,500 quarterly.

Model notes: This post was made mid-day on March 8 showing EOD chart from March 7th. Model is still in the bull trend mode. The “catch the falling knife” buy (11/20 signal) was a little early, and is still under water but the situation is becoming more positive. Recent nonlinear projections are looking north of the recent 3-mo closing high (approx. 4200). 5000 is not out of the question. The model is still in-synch with the trading.

Note: The following comments are based on using technical analysis to ‘flesh out’ our nonlinear trading signals. TSP is defined as the closing price on the day following the signal day.

Nonlinear Trading Themes:

  • Bitcoin forecast ($NYXBT): The fading volatility seen in Jan and early Feb has resolved itself to the upside with near-term trading breaking out above the 3-month down trend line. As stated earlier the nonlinear models are now projecting toward the 5000 range.  So we are not looking for the 4200 resistance point to hold. 

GH Garrett – Chief Market Analyst for ConquertheMummy.com  © 2015-2019, “Nonlinear trading signals that matter in bitcoin trading.”

New Year trading outlook!

Current Cryptocurrency Prediction:

  • $NYXBT (Bitcoin), 11/20/18, bull trend signal. TSP (11/21)= 4409.72.

3-month chart. Current price for 4 symbol package = $7,500 quarterly.

Model notes: The was in good position for the November Bitcoin collapse, though the “catch the falling knife” buy (11/20 signal) was a little early, the downside momentum has dried up. The model is still in-synch with the trading.

Note: The following comments are based on using technical analysis to ‘flesh out’ our nonlinear trading signals. TSP is defined as the closing price on the day following the signal day.

Nonlinear Trading Themes:

  • Bitcoin forecast ($NYXBT): The model “falling knife” bull trend signal was a little early but not irrelevant as following trading revealed the downside momentum was drying up. There are some associated positive fundamental factors at work here too. The recent stock market drubbing (flight to quality), interest rate drop (asset valuation enhancement) and financial stress for Bitcoin miners (at the sub 4000 level) are all in play right now. And the outlook for the trade currently? 6000!

GH Garrett – Chief Market Analyst for ConquertheMummy.com  © 2015-2019, “Nonlinear trading signals that matter in bitcoin trading.”

It is hard to catch a falling knife!

Current Cryptocurrency Prediction:

  • $NYXBT (Bitcoin), 11/20/18, bull trend signal. TSP (11/21)= 4409.72.

3-month chart. Current price for 4 symbol package = $7,500 quarterly.

Model notes: The model caught most of the power slide, entering long just a couple days too soon. Still a look over the past three months reveals a very positive, prescient model.

Note: The following comments are based on using technical analysis to ‘flesh out’ our nonlinear trading signals. TSP is defined as the closing price on the trading day following the signal day.

Nonlinear Trading Themes:

  • Bitcoin Forecast (Bullish) ($NYXBT): The model took a swing at catching the “falling knife.” We got in a lot closer to the bottom than the previous top. Further good news is that the math indicates the 3700 level will provide stable support. Finally, recent downside volatility seems to be drying up.

GH Garrett – Chief Market Analyst for ConquertheMummy.com  © 2015-2018, “Nonlinear trading signals that matter in bitcoin trading.”