PonziTycoon

PonziTycoon

I called the last drop in March to $5000 and I'm calling this one as well. Bitcoin will be worth peanuts by next year you just wait.

PonziTycoon

By using 50 length weekly bollinger bands, set at Standard Deviation 1, I was able to make a channel that determines whether bitcoin is in an uptrend, downtrend, or neutral. Currently, it looks like bitcoin is still neutral, and with low volume I believe a big move is coming. I am thinking it will probably break out and test $12-14K to trap both bears and bulls...

PonziTycoon

Head and Shoulders.

PonziTycoon

Bitcoin has so far failed to break out of this so called "falling wedge" that everyone keeps talking about. Within 2 weeks, I am predicting the price will come down to $5,000. Heres how to trade this to make profit. Set your buy orders around $5,000. It would be best to cost average them in in that region. Next, set your sell order to the bottom of the...

PonziTycoon

As I have been predicting for many months now, this was a suckers rally. This is your last chance to sell before another 50% drop.

PonziTycoon Updated 

Making money in crypto is like taking money from a baby. I can show you the direction the price will go and you will still lose all of your money. If you want to be rich like me, first of all, don't own any BTC. Its obviously a bad investment, don't own any, period. So that rules out using Coinbase, Binance, and Unregulated Casinos such a BitMEX. Secondly,...

PonziTycoon

Lets take a look at this last "bull market". We have a perfect 0.618 retracement from our All time High to our "bottom" from last year. From there we formed market structure at the 0.382 level or $9433. That level broke which is what caused this recent dump. Our next support is $7012. From there I expect a breakout to the white dotted resistance line around...

PonziTycoon

Bitcoin has been following the Elliot wave theory since its inception. After its first 5 wave impulse cycle ended in 2011, the price declined sharply in an ABC corrective wave pattern. Since then, a larger 5-wave pattern has formed over the span of 10 years. I think the market will surprise everyone again and head lower to under $2k. If you are a smart...

PonziTycoon

The only bullish scenario I see fit with bitcoin is that it may be forming a symmetrical triangle. You can see the triangle itself with the top of the blue pitchfork as resistance and the center line of the white pitchfork as support. I am going to buy invest 20% of equity at the center line as I am long term bearish if you see my other charts.

PonziTycoon

Knowledge is power. Money and power go hand in hand. If you want to be successful in life you first have to acquire knowledge, and then money, and finally power. This is a cycle just like Elliot Wave Theory. Elliot waves are building blocks for waves of a bigger time frames. For example, in 2011 Bitcoin completed its first 5 wave Up and then completed and...

PonziTycoon

This chart explains perfectly why Bitcoin "bottomed" at 3k and topped out at 13k. In Elliot wave theory, wave 5 is the longest wave with the lowest angle. If you look at wave 3 vs wave 1, with every bull run the angle is not as sharp. What happened is in November 2018. Bitcoin fell back in the previous uptrend channel and gained support because the angle is as...

PonziTycoon

The Capitulation ring that the price previously found support on is now acting as resistance. Outlined in blue are my important levels.

PonziTycoon

In a few days BTC will fall to the top of the white schiff pitchfork which will be a 40% correction from the top. People will believe this is "just a correction" and will buy more. From there I expect the median of the blue pitchfork to become strong resistance around 10K. That will complete the head and shoulders pattern which will initate a dump to the .25 of...

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PonziTycoon

Enjoy.

PonziTycoon Updated 

Bitcoin I believe is forming a continuation pattern by trading inside the previous bull market channel. Each bubble in Bitcoin this channel is broken and a new one is made with a lower angle.

PonziTycoon

Bitcoin failed to break above the .786 fib level ($4000). This is critical resistance in the current downtrend since November 15. I expect the price to fall off a cliff and land somewhere in the 2000's area. (maybe a wick to 1500) for the real capitulation. There is too much positive sentiment now, and just remember. The herd always looses.

PonziTycoon

Chart speaks for itself