As I mentioned prior. I don’t know if its when Bitcoin is in a particular channel but it will drain alts when swinging up…(it as if its sucking the life to refuel for a massive move to launch). The bears get tired… of fighting and it is at this point there is enough fear and manipulation to cause the market to shift. Bitcoin starts to refuel for its next...
So it looks as if we did manage to break a trend of falling…. I marked the bounce of the Red River in pink and added a channel…It would appear we are heading back up to the blood line… Crossing over the this and hold support is major…. Support and resistance. DCA SAFELY. A GANN study
So this chart may be off a little so I may have to go back and adjust it. However It looks like the DXY will be coming up on a Red River of Death with in the month or so. According to the Scholars like Ben who is a genius in the space, when the DXY is up Bitcoin not so much… DXY falls BITCOIN RUNS. Now to the point. We are at a turning point. Fear is...
Is it possible? Are we climbing back up the mountain, crossing back over the red river of death. Maybe one day someone else will call the this stupid channel that we seem to fall though another name, but for now its fitting. Hopefully it does not suck the life out of the alts as it climbs up, if we do start the climbing (we have seen that in the past when Bitcoin...
Looking at the Gann Map it’s crazy how far it’s come… Bitcoin has completely crossed the Red River of Death…and stoped… hmmm What the heck does this tell you… FUD lol. Gann lines must know something that Bitcoin knows. There still exist a larger river. The blood line in thick yellow is our main target… broken purple lines are parallel channels…The beast will not...
We got a good bounce. Crossing back over the blood line would be amazing!! Jumping into hire channels even better… follow up to last post. Is this a double, or will we get another triple top? The beast does it’s own thing regardless of the FUD predictions. Ultimately 74kis going to happen. This a Gann study…. Fake outs and break outs. Support me and resistance. ...
So on the 15th on March we were in the exact same spot… The market has definitely made a move. Going back to see dramatic movement on days in multiples of 5 we definitely could see a major shift here… Could this be an opportunity for a long, hmmmm… DCA safely ( there are many patterns setting up for opportunities that are great projects like Chainlink, Polkadot,...
Could we jump the box? So far the Gann map is playing out pretty good. DCA safely this is a follow up.
Let’s just say the empire is taking over… Crossing over the yellow line ( the blood line) is pretty significant. Still holding in the channel, but for how long? I thought 38k ish would be nice to create a bounce up to the 52 k something… Go out on a limb and say ATH between May and June ( I thought originally like 72k or a little over. ) Doses not mean 32-34...
Technically still moving up… from the downtrend. We hit lows 33k ish 34,700 ish, 39k ish highs 46k ish and 48k ish… what the heck does this mean? It’s bitcoin, Hang on!! Trending up slower, probably due to the shift in the market. The wave of people that have come in this time have decrease the volatility so it could be possible we may not see the 80% decline...
Not so sure about that… But wouldn’t that be nice. Think of how much you could accumulate, regardless of the loss. If it is truly as valuable as it is said to be. The opportunity!! (Long term Holders). Gold rush era will be ending at some point, there will be a time to ANTE UP… Catch 22 bulls and bears fighting over bitcoin. These are Gann studies DCA safely
Who knows? This is the center of a major GANN channel… I have referred to this yellow line as the Blood line… (its yellow so its clear to see) the channel we have been falling through (THE RED RIVER OF DEATH) magically stopped on the line!! If it continues onward and breaks above 41k, 43k and 46k then holds support back in business…. The support channels are...
UM… ALWAYS We are looking like we are still falling… Jumping back and forth on different charts there are some numbers that keep popping up. The 38k region as brought up and the possible the 35k ish… The 38k looks like the strongest supported. This is all research for future. Alt coins that have a strong backing look as if the may be in a great position, just...
So following up on the map after watching bitcoin fall through empty space… Finally it landed on something. Scary thing volume not looking great, but there has been many attempts to recover along the fall. So this will account for something. So the funny part in the story… Bitcoin was pretty much right on time with its dramatic cliff jump on the 5th followed up...
Long term they say smart money deploys into bitcoin. Buy when you can ride the wave, close the wallet and be patient. DCA safely
Surfing the downtrend. Momentum was not enough to break through channels I would think looking at this map. We could still potentially fall to 38k ish. Fall hard enough 33k ish. I am not sure 25 is available anymore, so I would not get your hopes up… another map update DCA safely load up on solid projects
So today is the 5th… As I mentioned many times we can see a fall in the market on the days in multiple of FIVE. Some are drastic and can seem catastrophic, others not so bad. This didn’t help with the triple top coincidentally (but if you look at the dates). Usually you will find some social media person with tons of followers giving you wise words/news (FUD to...