BTC remains in a corrective pattern that is now
essentially compete. We can foresee new lows coming.
We need a break of the bottom of wave A in order to confirm this pattern.
Good luck.
essentially compete. We can foresee new lows coming.
We need a break of the bottom of wave A in order to confirm this pattern.
Good luck.
Comment:
Had I been wrong and painted a bullish picture or lied to you all then I would have had not 5 likes but 99 likes. But I don't lie and I am accurate. Check on my charts with some amazing predictions that I see NO ONE ELSE MAKING ON TV!!! Oh and FOR FREE!!! Because no one cares about being right or making money I stopped posting ALL MY CHARTS and I post one when ever I feel like it. GL!
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Well looking like the correct call. I expect a fight from the bulls soon enough. Can''t let their "world changing technology" to go with out a fight. I charted the Nasdaq EXACTLY Like this in September. Patterns repeat themselves because, well, people's hubris. And the Nas100 is fighting what is likely the enviable collapse. Because I don't make my charts public, you just have to take my word for it. It was SPOT ON ACCURACY!!!!
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There is the bounce I mentioned on the 11th Oct. Notice price action in an
ascending move. Meaning it moves up, and quickly corrects moves up some more only to correct again,again and again. This is NOT a sign of bullish price action, this is a sign of WEAKNESS and soon will very likely move strongly down. Notice also how though price action trend down once I made the call, it wasn't a super strong move down, it too was slightly descending where it would fall strongly to correct back up a little, fall strongly again and correct. Meaning the bears are not in full control yet. I expect this to change and the bulls will very likely submit to selling in the coming weeks.
ascending move. Meaning it moves up, and quickly corrects moves up some more only to correct again,again and again. This is NOT a sign of bullish price action, this is a sign of WEAKNESS and soon will very likely move strongly down. Notice also how though price action trend down once I made the call, it wasn't a super strong move down, it too was slightly descending where it would fall strongly to correct back up a little, fall strongly again and correct. Meaning the bears are not in full control yet. I expect this to change and the bulls will very likely submit to selling in the coming weeks.
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Comment:
Personal annotations, GT stands for Guerrilla Trading. Blue line part of GT style of trading, projection, drawn at the time of it's initial line start, resembles what happened in reality. Like I mentioned Oct 11, I expected this bounce. And I suspect soon enough will move down once again, this time with real emotion!
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Comment:
Bulls, be-careful, your precious is on life support.
Like all "new, 'it'" technologies or discoveries, they get old and the hype passes.
I suspect crypto currencies will devalue up to 90%. This is just a guess right now
but in looking at previous historical manias this has been the norm. Railways of the 1920s, tulips of the 1600s, Dotcoms of the 2000s, soon cryptocurrencies and eventually AI hype. ALL OF IT ENDS UP THE SAME WAY, replaced by something shinier that "will change the world" because "this time it's different"
Good luck.