We crossed 100day ma after PA seemed to find support and recover. Now small pump up. Could signify the "healthy correction and "dip" we've been calling for to happen has finally come to a close. This probably isn't the end for btc, buy into fear My average on btc is 43,900 now so im basically all in
I Am always looking in to the longer term trading! Looking at my graph, I Am trying to make it as simple as possible for the people to understand it. I noticed the more complicated it is drawn, more people don't get it, but they do put like on it and think the person is very clever. We bounced of strong uptrend support line, if we get fixed below it, the road...
BEAR PARTY COMETH, READY OR NOT... BUT THIS BEAR HAS A NICE TWIST TO IT, WHERE DOLLAR EVISCERATION PENDING AS LAST HURRAH, POTENTIALLY AFTER ELECTION, WILL MAKE VOLATILITY KING IN EVERY WAY. BUT REGARDLESS HIGHER MARKET WILL BE PINNED AT SUBSTANTIATING HIGHER ECONOMIC CORPORATE P/E RATIOS. SO FUGETABOUTET... CONSUMER TAPPED OUT AND DEBT RATIO TAPPED OUT... WE GOT...
ALTs sell off will come soon. BTC is ready to break out channel throught support line. It is great thing cause it will lead to huge panic! Have fun bitcoin maximalists^)^
Wave B: "Narrow, emotional advance. Aggressive euphoria and denial." The ride up to 20k was accompanied with multiple tests of the MA 150 with not a single break below. Here we've left it completely behind. This run has disregarded every legitimate possibility of considering itself an actual bull run, but price is going up so naturally we call it so. The herd...
We can see here we have now reached the 8827 target we had for the breakout target of the small yellow falling wedge and have since broken above that. However, just above that we have found a candle rejection on a potential rising wedge pattern I have been watching develop over the past 2 weeks and this rejection is only giving further legitimacy to this wedge...
Something to keep in mind: We are right up against the longest-term trend line (going back to 2011), which has never broken. If history is to repeat itself then this bear market will be over within two months and BTC will start making higher lows. However , my gut feeling is still bearish in the short- & mid-term. Events that have never happened before should...
Best case scenario is 4.8k, expected direction 3.3k, bearish scenario 3 digits. ETA either summer or multiple year(s). Yearly VP BTC vs USD Index (still in a bubble) Artificial pumps on margin won't cut it, roughly +~100 real btc from joe fomo and traders won't push it to 12k. Bottom accumulation net ~20k, spoofy filled 8k at dump in corrective structure at...
Global Dow: GDOW Limit Down Across the World The pattern here is similar to GOOG (without the double tops) and shows how all major market indices have fallen under the spell of the high-tech mantra. What's good for Google is good for the world, well, world markets anyway. Critical support for this index lies at 2967. The low so far is 2276 today. Come what...
DXY Dollar Index The DXY counter-rally (far left arrow) shows a 12 day continuation pattern from 1st December to 12th before DXY falls out of the parallels as the decline continues. The right- hand arrow also shows a 12 day continuation pattern from 1st February to 12th before DXY once again loses the parallel and begins to fall away again. Having broken down...
Dollar Index DXY The dollar remains under medium term pressure and evntually it should fall away in stages through the blue lines of near term support potential to 88.31, and likely touching the longer term trend line at the extremity of the fall before bouncing away strongly again. In the very near term DXY is making a little continuation pattern below the...
BCHUSD Another spawn from the Bitcoin stable that has behaved technically perfectly - could be fresh from the latest chart book showing what a 'stock' can do under perfect conditions - but this time looking at downsides, not upsides... It's fallen below it's dynamic support line and then come back up to retest it from the underside....and repeatedly...
IOTA IOTUSD Iota is testing important support at 3.229 with a low at 3.20. this latter level must continue to hold (and will do so long as Bitcoin holds up, which will not be for much longer now, it's just completing its own counter-rally now). Any failure to hold 3.20 will force Iota lower still to 3.03 and then should this level fail to 2.73 at least if...
Litecoin: LTC Longs should have been out as the dynamic support failed at around the 276 level - see how often there will then be a challenge of the same support from the underside, which works for an hour or so before it falls away...not always, but maybe 50% of breaks are like this and the other half are clean, hard and fast. Last comment suggested looking...
Bitcoin Last shot Well that long didn't do too well - stopped out for about 200 profit unless you were smart and trailed a tight stop under it - 500 points profit lost by bad stop management. If it was going to halt the last high was a pretty obvious place - too busy updating other calls. Just plain dumb. Late. 16 hours playing with Bitcoin. Last shot for...
ETHUSD A fabulous weekend has developed into a terrible week for the Alts. This should create another fabulous buy opportunity over the coming 12 to 24 hours...and potentially lead into another good weekend ahead...if we can pick this up at lower levels without getting stopped out in the process. First support is nearby at 630 which if broken now should lead...
Additional information and viewpoint to my prev chart. this time 1D instead 1W