Today I break my public charting hiatus. I wish I publicly published my analysis before 6k broke b/c I nailed it, though many others had the same idea which I borrowed from.
Bitcoin pushes sideways within the triangle formed off the new neck line, and then slide further into the descending bearish triangle pattern, which in itself is also a descending channel. After The month of May will see lower lows and a nice opportunity to long and reward those with patience. I randomly threw the pitchfork in and i hate the look of them but the fibs tend to hold true to assist with support resistance levels. After the next relief rally, bear market will really settle in and many unforeseen variables can swing the trend up again, or stagnate for years. Buying good pumpy alts (ETH,ZRX,ADA,ZEC,XLM,XRP) before the relief rally may provide nice gains and coins will be dirt cheap, market sell your shitcoins and then sell your Bitcoins to the Fomo buyers at the top of the 99% swing. Muh new paradigm buy land and wait crowd will eat it up. I think various institutions will be trading this relief rally heavily and smart money retail will ride the wave, so unless tether collapses (another variable to consider) in the midst of it all valuation will likely spike; however, another variable with the US gov shutdown may also delay and short term prevent such a potential black swan event. Good luck. I've been flat since before we broke 6k and have no skin in the game currently, but will jump in to babysit day trade the swing. FFS its free money.
It's likely I'm wrong, and this is definitely not financial advice. I'm just drawing lines, most of which I've soaked in subconsciously from other smarter traders through their ideas. If you look through my older ideas, they are ass, so nuff said.
Follow cryptogast33, riversandmountains and kazonomics. Big shout out to them for all their help and being traders that really know their shit.
Bitcoin pushes sideways within the triangle formed off the new neck line, and then slide further into the descending bearish triangle pattern, which in itself is also a descending channel. After The month of May will see lower lows and a nice opportunity to long and reward those with patience. I randomly threw the pitchfork in and i hate the look of them but the fibs tend to hold true to assist with support resistance levels. After the next relief rally, bear market will really settle in and many unforeseen variables can swing the trend up again, or stagnate for years. Buying good pumpy alts (ETH,ZRX,ADA,ZEC,XLM,XRP) before the relief rally may provide nice gains and coins will be dirt cheap, market sell your shitcoins and then sell your Bitcoins to the Fomo buyers at the top of the 99% swing. Muh new paradigm buy land and wait crowd will eat it up. I think various institutions will be trading this relief rally heavily and smart money retail will ride the wave, so unless tether collapses (another variable to consider) in the midst of it all valuation will likely spike; however, another variable with the US gov shutdown may also delay and short term prevent such a potential black swan event. Good luck. I've been flat since before we broke 6k and have no skin in the game currently, but will jump in to babysit day trade the swing. FFS its free money.
It's likely I'm wrong, and this is definitely not financial advice. I'm just drawing lines, most of which I've soaked in subconsciously from other smarter traders through their ideas. If you look through my older ideas, they are ass, so nuff said.
Follow cryptogast33, riversandmountains and kazonomics. Big shout out to them for all their help and being traders that really know their shit.
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*Forgot to add, I'm watching for BSV entry like hawk.
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BTC will have to break that trend line with conviction for me to flip my posish.
BTC will have to break that trend line with conviction for me to flip my posish.
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"Due to the GOV shutdown, the SEC issued on order yesterday FREEZING ALL PENDING ADMINISTRATIVE PROCEEDINGS UNTIL FURTHER NOTICE. Nearly everything at the SEC is on hold now. Same story at the CFTC. Meetings have been cancelled and DC is quiet."
Just as I predicted, and now you know why shitcoins are popping off.
Just as I predicted, and now you know why shitcoins are popping off.
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tbqh I feel bad for anyone still trading this. BTC was successfully embraced, extended and extinguished. so many bullish people immediately following a massive bubble implosion really is fascinating to watch.
as we range within this triangle you’ll realize that 3.2k is just the new 6k.
as we range within this triangle you’ll realize that 3.2k is just the new 6k.
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my meme lines are still accurately predicting how this all plays out, but what happens as we near the end of this wedge within a wedge? I think buying spot around 3100 will be the play for the next long, 20-24% btc move.. it’s coming soon imo.
my meme lines are still accurately predicting how this all plays out, but what happens as we near the end of this wedge within a wedge? I think buying spot around 3100 will be the play for the next long, 20-24% btc move.. it’s coming soon imo.
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Lovely, 3k - 3.1k
Lovely, 3k - 3.1k
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Interesting.. I wonder if we bounce off 3.27 and get rejected at 3.3 before heading lower to retest the neckline
Interesting.. I wonder if we bounce off 3.27 and get rejected at 3.3 before heading lower to retest the neckline
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More monitoring. I adjusted my meme lines a tiny fraction because they lined up so spot on...
More monitoring. I adjusted my meme lines a tiny fraction because they lined up so spot on...
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