Flatratepete

Flatratepete

16 Apr 20 This chart utilizes the ICHIMOKU Kinko Hyo by KIVANC fr3762, one of my favorite indicators. Without going into a lot of details just let me point out that I have reversed the colors between the TenkanSen and KijunSen and I reduced all lengths by approximately 33%. You might notice the green plot background following the camel is trying to develop that...

Flatratepete

15 APR 20 One thing I learned a long time ago has to do with how helpful my tools are. With me, one of the first requirements is how flexible are its features. That’s a terrific feature I find helpful when using the Williams Alligator as in this drawing. My own color set shows me a more vivid and definable picture of the alligator. From its red lips ascending...

Flatratepete

13 APR 20 Bitcoin Clock is now reporting the Bitcoin Block Halving will take place on May 11, 2020. The note on today’s chart helps me remember how long I have been aiming for the target of $3,113.05 (or lower) per Bitcoin. Since September 3,2019 the original target date has been before the beginning of June 2020. So now that 2020BS (Black Swan) is well...

Flatratepete

Watch Out Bitcoin 10 APR 20 With so many people watching Bitcoin I begin to wonder what it is they’re watching for. Are they only watching today for tomorrow or are they reviewing the past to keep other views open for observation. While action is slow I like to go back and verify previous signals like the gravestone doji we were left with at the end of August...

Flatratepete

9 APR 20 What does Bitcoin Do When It Bottoms? Seemed like a logical question to me. Does it do a 180 and head for the moon? Looking at this chart and comparing how Bitcoin reacted in December 2018 and November 2019 you might be shocked to learn that it took Bitcoin 109 days and 46 days respectfully to show any signs of real gain in price. Notice how after the...

Flatratepete

8 APR 20 With the changes we are seeing daily throughout the entire world perhaps it is time to take a look at some Long Term Future Possibilities. Although we can still feel pretty confident that the final leg of the Elliott Correction will fall below the end of it's first leg, it is also anybody’s guess when that might happen and we can be pretty sure the Moon...

Flatratepete

07 APR 20 There are some things that once you see them, you just can’t turn away. A few Associates I have grandfathered in with learn and share ideas such as the mathematical ratios found in Fibonacci Circles. I’ve introduced several here given to me by OPTICALARTdotCOM that can help us keep a clear and level mind going forward with the evidence in hand. ...

Flatratepete

Or, Are those Sunny Skis ahead? 6-Apr-20 With the entire world a bit shaken by everything in it including the Support and Price of Bitcoin is now a good time to see how historically Bitcoin has turned the corner after being “clipped” by a “Black Swan”? You might say we can’t like Peter Schiff since its history is too young to reference the “2020 Black Swan”...

Flatratepete

With the entire world a bit shaken by everything in it including the S&P 500 Index now would be a good time to see how the market has previously turned the corner after being clipped by a “Black Swan”. I’ll start with the monthly chart which will update monthly, weekly, daily, etc. Technical Indicators I enjoy using include moving averages, Williams Alligator,...

Flatratepete

It's a new week so we should take a look at the weekly chart to help us keep a clear and open mind concerning which direction Bitcoin might be heading next. I'm made some modifications to the stock colors of my Williams Alligator by changing the color of the teeth to white and the lips to red. I have also shortened the offset of the jaw, lips and teeth to 2 and...

Flatratepete

Everyone have a great weekend. Remember. This is not trading advice. Follow me if you wish, share it if you want and please engage the like button and add your comments below.

Flatratepete

I'm ,,,,,,,,,,watching tings a few more days.

Flatratepete

When you put them all together and view out a little it gives a whole different perspective. Historically when the price drops below the red channel it drops even further. We'll have to wait and see. Remember. This is not trading advice. Follow me if you wish, share it if you want and please engage the like button and add your comments below.

Flatratepete

Another view. Remember. This is not trading advice. Follow me if you wish, share it if you want and please engage the like button and add your comments below.

Flatratepete

All this up and down seen on a 4 HR chart could cause a person to lose sleep. However it does give a better feel for the short term pulse of the market. Somewhat like blood-pressure as seen by the solid yellow and red lines. Right now I would say it’s a little high but let’s not fool ourselves, it’s been there before. It often happens prior to a leap in one...

Flatratepete

Will the Elliott Wave theory guide us to the eventual demise of the current correction cycle or help us recognize the turning point to new ATH's. Please like and leave your comments below.

Flatratepete Updated 

It might be helpful in determining the target range to look for when the market does correct. The FB retracement graph is a long established and used tool for just that.

Flatratepete

Could Bitcoin pull above the 21 EMA and perhaps spring to a new ATH? Considering the 21 EMA has been very supportive in the past there is no reason to believe it couldn’t happen. Especially this close to the halving, Right? Of course from where we are right now in the area of 6800 we would have to see a rise of just over 190% to reach a new ATH. That's not a...