CryptoidiotQ

CryptoidiotQ

To put it simply, I believe we going to be in a bull run well into 2022, late q1 early q2 are likley areas to target for peaks based on previous cycles, but quite frankly it could be even longer. I've elaborated as to why in previous ideas I've posted, and honestly, little has changed about my plan and how things are going. Part of longer cycles is more...

CryptoidiotQ Updated 

BTC is once again trying to take the log-regressed fib line that it bounced off of hard before. We've already reflected off once, but weakly, and we look to be moving up again. If we can close the weekly above that line the ATH if not higher is next. Next fib is sitting near 67k, and will likley be a good bit higher by the time we move to take it, assuming we do....

CryptoidiotQ

The past few days have all but confirmed the bearish trend change. We broke out of the ascending channel, reflected off of a genesis log fib we NEEDED to take, and in a very short time we've lost another logarithmic regressed fib line. We are currently on our way to the next one which lies at around 35.5k. That line acted as a strong area of support in a number of...

CryptoidiotQ Updated 

Hey everyone, been a while since I made a post, and now that some things have played out I figured I'd weigh in on the current situation in BTC. In my last posts I was predicting that we would see into the 50k's in august with a guess of around 56k before a potential short term down correction. Looks like I was a little short, but still close enough for me to...

CryptoidiotQ Updated 

This applies to a short term perspective. My previous idea about going up in the next few weeks is still in play. I mostly wanted to share an amusing little thing my brain put together at 430am. I'm not a great visual artist or anything, but I looked at the 4hr chart and clearly saw Doge shrugging it's shoulders at me. Doge headed h&s = dump it! lol seriously...

CryptoidiotQ Updated 

On lower time scales pull backs are likley, but the weekly shows a lot of strength, and the monthly is turning around. We are only a few k from breaking the down trend resistance line coming from the ath and flipping it to support. Expect pull backs short term, something like 39400 or as low as 36k are not out of the question. We haven't had a real strong...

CryptoidiotQ Updated 

This chart should be pretty simple to understand. We've broken free of the sideways channel, if we close above it today, strong chance we don't go back under it in a meaningful way for a while. The bull run was never really over from my perspective, but this may be the end of the shakeout period, or nearing it. In general, I want to see a weekly close above the...

CryptoidiotQ Updated 

Each push getting weaker, indicators indicating flagging or down instead of flagging or up... Yea, this is when you consider a short. Could go either way, but I think we cool off back to 31k at least, before we have a shot at returning to bullishness. There are a few stronger support areas now though on the way down. Set stop loss accordingly. Crab claw coming...

CryptoidiotQ Updated 

If you've seen my previous ideas, you'll know that I trade on the halving cycle and I can prove mathematically that the cycles are getting longer, not just the block processing length, but also the bull run as well. I just want to take a second to point a few specific things out about my model, and talk about some updates I've recently made. You'll notice the...

CryptoidiotQ Updated 

We have to dump before we can pump. Can't get to max pain in the 30's, and between TA, the fud in the news, and the fear surrounding the greyscale unlocking on the 18th could give us a nice dump in the coming days. Even without it, we've broken down out of a wedge (that was inside of a triangle), and there's an argument that can be made for a puny h&s, so down is...

CryptoidiotQ Updated 

Recently I tried to make the closest recreation of the model I use to trade BTC on TV, but I'm fairly new, made some mistakes, left out some data, and maybe didn't explain myself right about some things. I relied on an indicator I found to mark the halving dates that marked the wrong dates. By the time I noticed the mistake it was too late to edit my work. The...

CryptoidiotQ

Bulls might need something to keep em going during this shakeout. How about this? The Macro H&S everyone was crapping thier pants about is really an inverted C&H, and once the maid gets done cleaning up the spill we can get back to money mountain. Also, bullish divergence on the indicators, while price is making that slope? This is setting up to be a giant bull...

CryptoidiotQ

We're showing some very strong signs on the hourly charts (and smaller) again, recovering back most of what it lost from two previous big moves down. Building a flag now. I'm hoping for more up, but time will tell. So, we've just had a big pump, we are ultimately still right in the middle of the larger crab zone and going sideways. couldn't even go over the...

CryptoidiotQ

Bitcoin has been shedding signs of bearishness for the past two weeks. We are still firmly in the sideways pressure of the "Crab Zone", but as you can see we've been building a structure of higher lows and a general upward slope. In the sort term we seem to be opening upwards into a megaphone like pattern, implying an increase of volatility as it bounces up. I...

CryptoidiotQ Updated 

I believe that TA is only so useful without good research and a models to back it up. I have been investing in crypto since the 2012, when a stoner friend of mine convinced me that BTC was going to be the money of the future and an exponential growth asset. Stoned as he was, he was also a heck of a math wiz and I guess he saw the potential for this currency very...

CryptoidiotQ Updated 

Well, I'm kinda surprised we didn't break 30k. This hasn't really made me more bullish though. We bounced off that same ~31k zone that we've bounced off of 3 other times. If we hit it again, there should be a much higher chance of breaking through that bottom. I think this is probably a more likley scenario than going up. It's likley to happen sooner at any rate,...

CryptoidiotQ

I came up with the idea to make piss coin the other day with my friends when we discovered the urine therapy community. Then I go look it up and I see that someone beat me to it. Dang it! Don't invest in pisscoin lol

CryptoidiotQ

BTC has finally started to react to the death cross and other bearish indicators that it's been throwing up for the past few days. After a mostly stagnant weekend of sitting on 35 k and hardly moving, I wake up this morning to see we hit as low as ~31500k. I think today will be very important for figuring out the course of BTC over the next few weeks. If we can...