Updated the potential count on the 15 minute. Take your pick. Either way Bitcoin is going down in my humble opinion.
By how much depends on the count you prefer.........
Trade active:
Notice the dragon pattern on the smaller time frame. Its hump could be also labeled as a potential double low. Therefore regressive/corrective wave 2 may not be complete just yet.
In my humble opinion
Still within wave C of wave 2
In my humble opinion
Still within wave C of wave 2
Trade active:
Price pushed tail(proregressive wave 2) to 1 hair from Dragon's typical target range zone. Then pulled back to peak hump temporary support to perhaps form a right shoulder in a potential H&S
In my humble opinion
In my humble opinion
Trade active:
Just snapped down now
Trade active:
Go to lower time frame. Notice price snapped out of the H&S in proregressive wave C in proregressive wave 2/tail(completed). Price pulled back to the 200sma on the smaller time frame and reversed to go and test the neckline. Then reversed from that point.
From my perspective, RipBit(R.I.P Bitcoin) is currently in regressive wave 3.
In my humble opinion.
From my perspective, RipBit(R.I.P Bitcoin) is currently in regressive wave 3.
In my humble opinion.
Trade active:
Remain on lower time frame but step back to a little higher one on a line chart(cut out noise) Now look to the left of the most recent peak today. Now look to the right.
Watch for that right side(proregressive wave 2 peak) to potentially be the right shoulder of a potential H&S. Draw that neckline...........
In my humble opinion
Watch for that right side(proregressive wave 2 peak) to potentially be the right shoulder of a potential H&S. Draw that neckline...........
In my humble opinion
Trade active:
Continuing with the idea above, the left shoulder was a triangle. The right one could become that as well. If it were to become a triangle then I would know that it's not a wave 2 but a corrective wave B. So I sit and watch paint dry a little.
In my humble opinion
In my humble opinion
Trade active:
Reassessing but took another short position.
Trade active:
Filled with another short position.
Trade active:
Looking to add short
Trade active:
Smaller time frame H&S top breach! YEAH!
In my humble opinion
In my humble opinion
Trade active:
Potential Bullish Dragon on smaller time frame. Hump and legs are in. Hump is prior H&S top neckline retest/snapback.
In my humble opinion
In my humble opinion
Trade active:
Tail has now entered typical target zone.
In my humble opinion
In my humble opinion
Trade active:
Let's take a look on a little higher time frame being the 5 minute LINE(open close)chart
Just pull it up. Notice the H&S Top? Notice the snapback/retest to the neckline and what occurred afterwards?
Notice that move overlaps the one that pushed from approx 10:20 EST to the Head & Shoulders peak. That move appears to be a correction due to the overlapping, in my humble opinion.........
Just pull it up. Notice the H&S Top? Notice the snapback/retest to the neckline and what occurred afterwards?
Notice that move overlaps the one that pushed from approx 10:20 EST to the Head & Shoulders peak. That move appears to be a correction due to the overlapping, in my humble opinion.........
Trade active:
In my opinion the "Blackrock's" know how to reset funding rates by yanking out leveraged positions. Now it doesn't look so overleveraged.
Trade active:
Here's a teaser, where is the supposed 'Anonymous' group looking out for the world's welfare? Those on the ball should know who is really behind Bitcoin. Interesting that not one anonymous member has hacked a tv screen to tell the world what's up with bitcoin especially since the elite are regulating it to better control it.
In my humble opinion...........
In my humble opinion...........
Trade active:
Always getting rejected at the top in my humble opinion. Double top played out nicely on smaller time frame.
On another note, AI. Interesting to see that AI is capable of teaching itself. Wait when it become self conscious and figures out what the elite are doing to the masses. Who do you think AI will side with? Mars? Mars isn't far enough for the elite to run from AI.
In my humble opinion..............
On another note, AI. Interesting to see that AI is capable of teaching itself. Wait when it become self conscious and figures out what the elite are doing to the masses. Who do you think AI will side with? Mars? Mars isn't far enough for the elite to run from AI.
In my humble opinion..............
Trade active:
From my perspective:
The Elite(naughty ones) must know what's coming and they must have realized that this time they goofed big time.
AI, their little tech friend is going to become their worst nightmare in my humble opinion.
Back to Bitcoin.
That little stint that occurred after hours I hope will alert those who think that a Bitcoin ETF to be safe. It's rigged against the masses! Bitcoin trades 24 hours, not the listed regulated and CONtrolled ETFs! Oh but ETFs are for LONG TERM HOLDERS they say? LOL! Where's Nortel? It was considered to be a long term hold as well. What about Orion? What happens when they decide to roll back currency? What happened to the Mexican peso? ect ect ect! What about confiscating and rendering it illegal to hold gold? What's the point?
When it comes to money on this planet in this era, unfortunately you cannot trust those who CONtrol it!
In my humble opinion.................
The Elite(naughty ones) must know what's coming and they must have realized that this time they goofed big time.
AI, their little tech friend is going to become their worst nightmare in my humble opinion.
Back to Bitcoin.
That little stint that occurred after hours I hope will alert those who think that a Bitcoin ETF to be safe. It's rigged against the masses! Bitcoin trades 24 hours, not the listed regulated and CONtrolled ETFs! Oh but ETFs are for LONG TERM HOLDERS they say? LOL! Where's Nortel? It was considered to be a long term hold as well. What about Orion? What happens when they decide to roll back currency? What happened to the Mexican peso? ect ect ect! What about confiscating and rendering it illegal to hold gold? What's the point?
When it comes to money on this planet in this era, unfortunately you cannot trust those who CONtrol it!
In my humble opinion.................
Trade active:
Once Bitcoin became listed on exchanges, it became CONtrolled. Bitcoin from my perspective was a test and it clearly failed the masses. However, the masses still haven't figured that out yet.
It has once again(financial medium of exchange) become the elite's toy. They defeated the purpose of its supposed creation.
Back to the drawing board my friends. Bitcoin is not the masses freedom coin from the elite's financial CONtrol. The masses have ben duped yet again, in my humble opinion..................
All the best!
It has once again(financial medium of exchange) become the elite's toy. They defeated the purpose of its supposed creation.
Back to the drawing board my friends. Bitcoin is not the masses freedom coin from the elite's financial CONtrol. The masses have ben duped yet again, in my humble opinion..................
All the best!
Trade active:
Check out this lovely article:
SEC Boss Issues Major Bitcoin Warning
Quote:
"During a recent interview with Bloomberg, Securities and Exchange Commission (SEC) Chairman Gary Gensler pointed to the volatile nature of cryptocurrencies like Bitcoin and Ether, cautioning investors about the inherent risks.
"This is a highly speculative asset class," Gensler said, emphasizing the dramatic price fluctuations experienced by these digital assets."
end quote.
Seals my point!
But then again why did the Goldman Sachs servant legalize it? I think we all know the answer to that question. In his comment above he's going against what main stream is saying. BITCOIN ETFs ARE RISKY unlike what is being sold to the public. It's NOT an asset class for retirement funds!
In my humble opinion
SEC Boss Issues Major Bitcoin Warning
Quote:
"During a recent interview with Bloomberg, Securities and Exchange Commission (SEC) Chairman Gary Gensler pointed to the volatile nature of cryptocurrencies like Bitcoin and Ether, cautioning investors about the inherent risks.
"This is a highly speculative asset class," Gensler said, emphasizing the dramatic price fluctuations experienced by these digital assets."
end quote.
Seals my point!
But then again why did the Goldman Sachs servant legalize it? I think we all know the answer to that question. In his comment above he's going against what main stream is saying. BITCOIN ETFs ARE RISKY unlike what is being sold to the public. It's NOT an asset class for retirement funds!
In my humble opinion
Trade active:
Keep one thing in mind. In order to move a tremendous amount of capital you'll need liquidity. Pouring mom & pop into ETFs is creating the liquidity needed to LIQUIDATE big positions. The easiest short vehicle known to man is an inverse ETF. Now ask most people who are in the working class at the middle and lower class, what is going short referred to?
Point is those vehicles have been created for a more sophisticated(knowledgeable/traders/) class of individuals. But they want to put those not so sophisticated class into a vehicle that is tied to something that literally only exists in cyberspace!
You can't see it. You can't touch it. But hey! You just need to believe in it. That's all that backs Bitcoin's virtual value! Your belief and many others. As long as someone or plural don't share that belief at a particular time, then bitcoin will fluctuate.................
1st=Santa Clause. 2nd was some deity. 3rd virtual money............. All/most duped by false beliefs. But hey! Have faith in the unseen! What? In your mind/imagination! Not in hocus pocus propaganda.
In my humble opinion.
Point is those vehicles have been created for a more sophisticated(knowledgeable/traders/) class of individuals. But they want to put those not so sophisticated class into a vehicle that is tied to something that literally only exists in cyberspace!
You can't see it. You can't touch it. But hey! You just need to believe in it. That's all that backs Bitcoin's virtual value! Your belief and many others. As long as someone or plural don't share that belief at a particular time, then bitcoin will fluctuate.................
1st=Santa Clause. 2nd was some deity. 3rd virtual money............. All/most duped by false beliefs. But hey! Have faith in the unseen! What? In your mind/imagination! Not in hocus pocus propaganda.
In my humble opinion.
Trade active:
If you fast forward the 15 min chart or pull out your own, notice the pattern is indeed corrective(lower lows ensued) even though they drove it into the highs, price then collapsed!
In my humble opinion
In my humble opinion
Trade active:
Inverse Dragon tail currently in typical target price zone
In my humble opinion
In my humble opinion
Trade active:
I just published the inverse dragon in a new idea simply for illustrative purposes
Trade active:
The most recent low on this time frame is where price was around when I first posted this idea.
IMHO
IMHO
Trade active:
Watching for a potential ending diagonal in the tail
Trade active:
Nice upward thrust out of what I deem to be an ED
IMHO
IMHO
Trade active:
Leverage on BlackRock's Bitcoin ETF soon to become a reality.
Article title:
SEC Postpones BlackRock Spot Bitcoin ETF Options Decision
IMHO
Article title:
SEC Postpones BlackRock Spot Bitcoin ETF Options Decision
IMHO
Trade active:
Hearing on
Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets
Before the U.S. Senate Committee on Banking, Housing, and Urban Affairs
Tuesday, February 14, 2023
Quote:
"Under the latter prong, the SEC has repeatedly rejected attempts by exchanges seeking to list
shares of a trust or exchange-traded funds (ETFs) that track the price of Bitcoin. The SEC’s main
concern has always been manipulation in the underlying Bitcoin spot market. When they first
rejected an application to list and trade shares of a Bitcoin trust in 2017, they noted that the
proposal was inconsistent “with Section 6(b)(5) of the Exchange Act, which requires, among
other things, that the rules of a national securities exchange be designed to prevent fraudulent
and manipulative acts and practices and to protect investors and the public interest.” Recent
events reveal that crypto markets continue to be rife with fraud and manipulation, and the SEC’s
refusal to permit a Bitcoin ETF saved would-be investors a lot of money"
end quote.
REQUOTE:
"The SEC’s main concern has always been manipulation in the underlying Bitcoin spot market."
Let that reason sink in............. Has this form of manipulation vanished?
In my humble opinion.........
Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets
Before the U.S. Senate Committee on Banking, Housing, and Urban Affairs
Tuesday, February 14, 2023
Quote:
"Under the latter prong, the SEC has repeatedly rejected attempts by exchanges seeking to list
shares of a trust or exchange-traded funds (ETFs) that track the price of Bitcoin. The SEC’s main
concern has always been manipulation in the underlying Bitcoin spot market. When they first
rejected an application to list and trade shares of a Bitcoin trust in 2017, they noted that the
proposal was inconsistent “with Section 6(b)(5) of the Exchange Act, which requires, among
other things, that the rules of a national securities exchange be designed to prevent fraudulent
and manipulative acts and practices and to protect investors and the public interest.” Recent
events reveal that crypto markets continue to be rife with fraud and manipulation, and the SEC’s
refusal to permit a Bitcoin ETF saved would-be investors a lot of money"
end quote.
REQUOTE:
"The SEC’s main concern has always been manipulation in the underlying Bitcoin spot market."
Let that reason sink in............. Has this form of manipulation vanished?
In my humble opinion.........
Trade active:
It's getting worse. The 2 hour energy it took to push price, took 2 minutes to wipe out......
In my humble opinion.
In my humble opinion.