Time for a squeeze. Going to the 8500-8700 range....
Then back down.
Still bullish on bitcoin though, just at lower prices. ;-)
Then back down.
Still bullish on bitcoin though, just at lower prices. ;-)
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hopefully this damn correction will be over by like end of june jully. waiting for that next run!
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That happy feeling when you enter a trade and you're immediately up 35 points. :)
I might start posting more rarely and longer term predictions/charts...
Funny how some people get pissed at people making predictions. It used to be making predictions was the point of ta, but now some people prefer their fancy systems. "If it breaks this level it's going up". No shit sherlock? Not that I think my ta is great or anything, but making predictions at least you put your neck on the line. Make a stand for a given scenerio based on whatever the analysis it is you are using. Not like this if it goes up it goes up and if it goes down it goes down. lol, ok thanks for letting me know that. =) Anyway, I'll probably be posting less frequently on here. Recently I'm more of a day trader although I also swing trade. I'm going to be focusing on a short term trading signals service elsewhere (not promoting here guys!) for those who like playing short term trades. Here I will continue posting forecasts but just as a-free- service for those who appreciate the perspective and are more long term traders/hodlers. Ultimately I see this site more as a learning tool vs a marketing medium or anything like that. Anyway, end rant. Thanks to all who have followed me and for your support. I'll continue posting every now and then. Peace
I might start posting more rarely and longer term predictions/charts...
Funny how some people get pissed at people making predictions. It used to be making predictions was the point of ta, but now some people prefer their fancy systems. "If it breaks this level it's going up". No shit sherlock? Not that I think my ta is great or anything, but making predictions at least you put your neck on the line. Make a stand for a given scenerio based on whatever the analysis it is you are using. Not like this if it goes up it goes up and if it goes down it goes down. lol, ok thanks for letting me know that. =) Anyway, I'll probably be posting less frequently on here. Recently I'm more of a day trader although I also swing trade. I'm going to be focusing on a short term trading signals service elsewhere (not promoting here guys!) for those who like playing short term trades. Here I will continue posting forecasts but just as a-free- service for those who appreciate the perspective and are more long term traders/hodlers. Ultimately I see this site more as a learning tool vs a marketing medium or anything like that. Anyway, end rant. Thanks to all who have followed me and for your support. I'll continue posting every now and then. Peace
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And in the interest of full disclosure. I don't claim 100% accuracy like some others. (All of them are lying). But if you look at my predictions you'll find I'm right more often than not. I called the bottom at 6k. And several tops along the way. I'll still be posting updates at critical moments so stay tuned.
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Not saying that to sound arrogant. Just these people who say you can't call tops and bottoms.. you can't make predictions. Wrong! You can do both!
Just pay attention to the signs. Remember this is a game whos purpose is to take your money. Be skeptical. Look for what the market is trying to make you think and do the opposite. Don't jump at the first sign of volatility. Don't listen to every idiot with an opinion. Trust your gut. All the ta in the world is worth little next to what your gut tells you. Don't buy into that you need complex systems. Simple is often better. Support/resistance. Modest targets. Well timed entries and exits. There is no magic bullet. Good luck
Just pay attention to the signs. Remember this is a game whos purpose is to take your money. Be skeptical. Look for what the market is trying to make you think and do the opposite. Don't jump at the first sign of volatility. Don't listen to every idiot with an opinion. Trust your gut. All the ta in the world is worth little next to what your gut tells you. Don't buy into that you need complex systems. Simple is often better. Support/resistance. Modest targets. Well timed entries and exits. There is no magic bullet. Good luck
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Hope nobody takes that personally. lmao
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"The purpose of the technical analysis is to predict the market price or forecast movements with the help of historical market data."
Sorry, when I get pissed I have a tendency for ranting. Somewhere I missed the memo where the purpose of ta changed. =)
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Great dip opportunities coming up!
Potential entries laddering buys from 7500-7000 with a generous stop.
Sorry, when I get pissed I have a tendency for ranting. Somewhere I missed the memo where the purpose of ta changed. =)
Also:
Great dip opportunities coming up!
Potential entries laddering buys from 7500-7000 with a generous stop.
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My bullish and bearish views are somewhat similar. =)
Not hating on multiple scenarios. Just the idea that making predictions is impossible. If you're not into predictions fair enough but no need to make fun of those who attempt to do so. =/
oh well, moving on.
Not hating on multiple scenarios. Just the idea that making predictions is impossible. If you're not into predictions fair enough but no need to make fun of those who attempt to do so. =/
oh well, moving on.
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Moving on down the channel. We hit the descending resistance line. Fall from here or time for a bounce to 8k?
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Ok, clearly I am not posting less often. I tried guys... I tried...
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Time for some D.S.S. Don't sell stupid.
Here's an update to my last chart. Sure enough we dropped from 7600 resistance.
Here's an update to my last chart. Sure enough we dropped from 7600 resistance.
Bitcoin is a series of waves. The least you can do is count them plus tools like RSI and Fibonacci can give an indication of key levels. It's up to you to determine which are relevant. price like anything else is best understood with lots of practice and time. there is no other way IMO