TheGreatBatsby

TheGreatBatsby Updated 

Last time I called an Adam and Eve Bottom was February 2019, that call worked out well. I'm seeing the same pattern play out now here. Volume profile confirms A&E with large spike on the Adam, and fall off on the rounding of the Eve. Breakout point/neckline is around $21,500, Measured move is around $26,500. Good luck.

TheGreatBatsby

Bitcoin has never fallen below prior market cycle’s highs, but it has done just that today falling below 2017’s high of $19k. This is a sign that it’s overall pricing structure and bull trend is getting weaker and weaker. We could see an end to the 4 year cycle of bitcoin, we could see a long term accumulation period like Gold saw after it’s final blow off...

TheGreatBatsby

If Ethereum follows a similar drawdown as 2018, we could see $200. Lots of things have changed since then, including Ethereum altcoins "mainnetting" which put additional pressure on Ethereum, as did ICO developers selling their ETH holdings to exit, but regardless bear market affects everyone...

TheGreatBatsby

See you guys next winter.

TheGreatBatsby Updated 

It is what it is, until we make a higher high, it's still a bearish consolidation/distribution pattern before a major markdown event occurs. Sad it appears the rally is over.

TheGreatBatsby

Could be the top, fairly identical so far which is interesting but kind of expect with bitcoin.

TheGreatBatsby Updated 

:) Long term buy signal indicator never fails. Popping an aggressive sell signal now though. Kek.

TheGreatBatsby

RSI is at breakout point, we could see big move here.

TheGreatBatsby

COVER PROTOCOL lol

TheGreatBatsby

Last time DXY was at this level was February 2018, the beginning of Bitcoin's bear market.

TheGreatBatsby

Long term trend line broken, acted as resistance now, and has been rejected on weekly candle. Good night sweet prince.

TheGreatBatsby

Looking strong here, bouncing off the .5 fib retrace as well.

TheGreatBatsby

On days like today, you have to zoom out and take in the bigger picture. As long as the support levels continue to hold, and PA follow the yellow algo trend line, this is still a bullish chart. If they break down, so be it move on to next SPAC, but it’s hard to stay bear when you know there is fundamental news coming, and the existing fundamentals support a higher...

TheGreatBatsby

Putting more stress on the price action around $25, $DPHC STOCH and RSI are looking like they are posing for a test of the Bullish Control Zone, so look for this test of resistance soon. If it fails, we could be confirming the bear flag, sadly. Daddy EV TSLA will play factor here.

TheGreatBatsby

LONG TERM SUPPORT AND RESISTANCE TREND LINE + POTENTIAL 50/200EMA DEATH CROSS BEING DEFENDED + COMPLETE FIB RETRACE = FIGHT FOR PRICE ACTION. Break above here and DPHC is moving back to $30

TheGreatBatsby Updated 

Nikola finally tested the long term resistance trendline today, largely based on Earning Report anticipation. It was quickly rejected from the trendline on HIGH volume. This was also the first time it tested the bearish ema death cross, and its now confirmed. Expect further mark downs. Knowing how SPACs work, their traditional FIB levels, and psychological...

TheGreatBatsby Updated 

Head and shoulders is playing out, didn't measure out moves officially, but eye ball is SPX - 3120ish, NAS - 9990ish, DJI - 25.6k. This pullback is HEALTHY, and much needed. Honestly ask yourself, was there any good opportunities out there today? I couldn't find anything interesting for the past 2 days, everything is over valued at the moment. Of course as...

TheGreatBatsby

I was expecting it to test the break of the support trend line much sooner then it played out, but it did play out. Interesting to see which way it goes here.