forgedincrypto

forgedincrypto

Interesting things happen all around the same time. Starting 2 days ago and ending with yesterday. 1 My Father inlaw texts me about a coindesk article stating Whales are selling their BTC www.coindesk.com 2 Vitalik dumps on the Doggy Coin community 3 Elon forgets that Bitcoin uses computers to secure the network. We had a nice high volume bounce from 45k....

12:38

forgedincrypto Updated 

Are we going to see all time highs soon? We take a look at some different scenarios. Fib levels, weekly, daily open and closes. What I think is the most important scenarios. I am uber bullish on the macro and fundamental view, but I think we see a bit of downside through the weekend before seeing New highs next week.

06:36

forgedincrypto

Everyone likes to call the inverse head and shoulders pattern way to early. this is the same thing, but there are a lot of other bullish indicators playing out. I would like to see a little more volume on this move up and a break of the neckline. 70k by the end of March.......? maybe.

forgedincrypto Updated 

After the largest cluster of volume ever a few days ago GALA is consolidating and looking to put in some higher lows. After a great reaction in the golden zone I would expect to see a break of the descending wedge and a breakout to the upside. 0.0000080000 and 0.0000088000 are the next most notable resistance areas. I have been long and strong with this project...

forgedincrypto

While I sit on the shores of Lake Coeur D'Alene and wait for the fish to bite I was looking through charts and noticed the VIX chart seemed awfully similar to the DOGE chart. So here we are on the verge of another Alt Season.

forgedincrypto

drawing a few lines this morning. Looking at the 50% fib level as the next likely stop. I will look at opening a long there depending on price action. Lots of support around this level, $8400ish.

forgedincrypto

I post all of my 1Fox trades on my twitter account. @Duckquotingfool I was waiting for some breakout of resistance so I could go long and then a close with a quick scalp at the top. got to make some money in this bear market. I'm tired from HODLing.

forgedincrypto

Just a comparision of the accelerated bear market we are in today vs the 2014 2 year bear market. The numbers and letters have nothing to do with Elliot wave just a way to mark some peaks and troughs. There is a definite similar structure as seen on this chart. I am a forever bull but I like to look at the whole picture and I am not a HODLer. www.tradingview.com

forgedincrypto Updated 

Here is my bearish side of the Bit"coin". hahaha....see what I did there. anyways, if we find support at the 5860ish mark it will make this a double bottom and we could see a reversal of the bear market. If it it breaks we will most likely see the 4k range. I have a couple of key support lines wicked off.

forgedincrypto Updated 

While I have been bearish lately I felt it would only be prudent to look at the bullish side. On the TA I have a 5th wave failure which is rare but it was the one way I felt fit the scenario.

forgedincrypto

We haven't completed the 5 wave down yet, in fact the 4 isn't in yet and if you look at the low volume it will confirm that we are still a bit bearish for BTC.

forgedincrypto

I don't think the 3 is in yet, and we are on our way down to $7200 range before this bear market turns around.

forgedincrypto

The bear trend will likely continue when we get to the end of this pennant. A lot of cryptos seem to be doing the same thing and pushing further down , a lot are hitting key buy zones. We will have to wait and see what NEO does here to have a better idea of the buy zone.

forgedincrypto

I think we are in a second corrective flat, this being the bear flat coming off the bull trap. I still think BTC needs to test the .618 off of the February lows fib pull. I don't think we move out of this bear cycle until this level is tested.

forgedincrypto

I feel since we missed the golden zone we will head down again after we reach the 5 in an ABC wave and then that will end the correction and MOON time....