Trying to count waves and get the Fib levels right.
Ok, I'm going to be honest, there isn't much new here, you've all seen this. The chart is a weekly VWAP chart of BTC, and linked below is the the famous bubble bursting chart. www.thorinvestment.com IMHO We are just starting to enter "Fear" What are you're thoughts?
They say cryptocurrency is bubble/ is in bubble. I try to educate myself from the past bubbles in the traditional market ... however this looks like not only past bubbles are on the chart, just one imminent ... Am I wrong? Charting may not give sense.. it is a way I cope with exponential growth over long period .. try to switch back and forth with LOG scaling.
I tried to count potential Elliott waves up to the final price range that according to this variation should be in the 2800-3200 $ zone. According to the count and fibonacci levels, we could see 6300-6700 zone as target no. 1, 4850-5050 zone as target no. 2 and, of course, 2800-3200 as the final target. It might take months to wrap up the slowest fifth wave, but...
Bitcoin has been trading in the 'chop zone' (where the big hands have been pushing the price up and down through liquidation pools of all the smaller hands). Is this the whales squeezing every last penny out of crypto before they exit? Should #Bitcoin drop lower than the lowest low since the highest high I believe we could see bitcoin drop to the $3,000. Go...
Bitcoin is on the brink of dropping out of long established logarithmic bullish trend. This trend has continued for about a year and currently we are seeing price levels continuing to drop below the support lines. So far upper trend lines have acted as support for newer and stronger bullish momentums, setting up stronger and stronger bullish trend - price would...
Hi traders, Red flag. As you can see i changed some colours a bit and removed the cup and handle that is now definitely destroyed, forget about it. The formed double top was worse than expected: the second top was lower than the first top. This was the last chance Btc had to escape from the huge downtrend, but it failed. The drop was then much more important that...
Just a quick update... We're looking at 1hr candlesticks on the S&P500 right now.. I saw on this short term downtrend we can draw some trendlines already... I made 2 possible options that may lead the price down. We find a small Head & Shoulders formation on which we broke the neckline. Still strong bulls after that as we can see it headed up pretty...
The Bitcoin bubble is on a SIGNIFICANT down trend right now. The longs are starting to pick up and its a perfect chance for the whales to push this even further down. This is most likely a dead cat bounce. Look for entry around 3.2-4k for a revisit of previous All time highs. This is congruent with previous BTC bubbles. DYOR
Ichimoku - Heavy resistance on 4hr - Tenkan cross Kijun below cloud on 15min - Oversold on 1hr Bill Williams - False bottom on 15min Model of Economic Bubbles - We seems to be following closely - See related idea BTC Shorts - Hitting local highs
Hi guys, Here we are looking at the S&P 500. on a monthly candlestick chart.. As we all know, markets can't keep going up forever. Not even stock markets... for the past 8-9 years (after the crash of '08) we made a gain of more then 300% and in the last year of it's bull run it made a real "blow-off top"! everyone who follow the news a bit knows that the price...
At this point is already obvious that Bitcoin is a bubble that already burst. Bitcoin chart shows the typical bubble pattern. Right now we are on the Capitulation stage. Next stage is despair.
Technical Analysis: I've highlighted the Wyckoffian event cycles. TRX is currently trying to find support and will likely enter a consolidation phase before an impulse or corrective leg. I would recommend staying away from this token until market gives a clear indication on the direction it wants to take. You can use TD Sequential and momentum indicators on the...
Bitcoin is going to crash very soon. It is obvious to anyone who has seen the anatomy of a bubble. Either regulation is going to fuck it or the people who own 91% of btc are going to cash out and fuck us all. short if you want to be rich
Right now many analysts agree that the market is overvalued, but many believe that just because it is overvalued doesn't mean it needs to be corrected. Many traders now trade with cognitive dissonance because the market is overdue for a correction. Just because there may be a "bubble" that doesn't mean that it will "pop". But I think that due to and overdated...
Pay attention folks. The NASDAQ and the global markets are setting up for a repeat of the DOT COM bubble burst. In the late 1990s, the DOT COM rise was attributed to a number of factors, most importantly the unique situation where the US was leading the global in technology advancements and web services. Investment in these firms was focused on hope and dreams...
If the triangle breaks, which looks quite probable, we will have a large downside. Blood in the streets is coming. Stay vigilant, and happy trading.
As we know bitcoin price is crash 20% in these day. People are panic as shit, they sell all bitcoin they have etc. What i going to say i'ts Calm Down. Is the first time in history we use currency that no one ever can control it. The main problem why bitcoin is going so low this day is because there is a ton unconfirmed transaction in bitcoin. The scaling...