OK.. so I was sure the would NOT allow a break past 19800. Alas.. I am not a whale. So here is what I am thinking. Mr. Whale Billionaire called Mr. Institutional Billionaire and Institution asked for a BREAK. Mr. Whale checked with his best metrics analysts.. they said.. listen, there is enough momentum to hit maybe 21k.... but it's no gold rush So the whale...
I am again giving my warning.. That forecast I made wayyyyy back about a possible run upward.. is also both good and bad news. We are probably going to come close to 20k... but NOT break through. ETH will come close to a super-breakout.. but probably won't. XRP will get its ass kicked.. (as well as other coins) if we fall back too far. Also, watch for my...
Here is MY theory on why we had a Bull run.. instead of the drop that all the indicators were screaming for.. XRP AIR DROP... Everyone and their grandma got in just before the snapshot I watched XRP rally high the last 30 minutes before the deadline Then two minutes after the snapshot XRP holders bailed and BTC shot up hard and fast I THINK THEY ALL WENT BACK...
This chart better clarifies visually would can happen in the very near term. We can exit out of the bigger triangle (dotted line is lower boundary) Or we can drop out of the descending wedge Wedges tend to break upward. Breaks from Triangles are down or up... with pressure from Bears, more likely down So far my defined upper and lower boundaries on the wedge is...
I correctly called the Double Top... way back when EVERYONE else still thought it was a rising channel Today... I want to point out a TA pattern .. that again... NO ONE IS TALKING ABOUT... We seem to be in a falling wedge! And in Bull markets, these patterns break out... UPWARD! I am NOT saying this is a for sure thing... ... but so many institutions are...
This idea is a slight update on the previous idea. Did not want to keep writing new material below it. However, the Bitcoin Resistance & Support List has been updated!!
Many of you will be disappointed by my short term prediction ... Don't be Disappointed.. my scenario IMPROVES the chance of a Moonshot I will explain in the next comment update. I just want to Publish this next chart ASAP... adding amending comments.
It's been a long time since I last published a chart... but have been PRIVATELY charting for the last two years.. watching on multiple 40 inch TV screens... in a half circle on my trading room desks. Any time I walk into my office, I see what is happening in the market. And with BTC approaching its ATH.. I decided to return.. again to discuss market...
At this time... This pattern is holding so far... and.. I am republishing this chart because of new possible events that will effect the pattern. Most notably.. on AUG 16th, the SEC will decide on allowing or repealing CBOE's request to sell ETFs. If approved, this will be historic news... A bull run should happen right then and there, regardless of price or...
Many of you were NOT happy with my support of the TA that indicated prices would fall further and lower. I was SUPPORTING the respected TA of my favorite authors. This goes to show that TA is not perfect, EW is not perfect, Wykoff is not perfect, Fundamentals can be off Manipulation overrides everything.. all logic and all sensible analysis. What is happening...
The manipulators have been very careful this month... Natural market forces predominate... and the price we are at today makes sense. Yes, markets in alt coins are expected to be repressed during the summer time. All this will change when new money enters the market.. which is already starting to happen. We need to be watching for fundamental market 'wins' in...
I invite ANY opinion. Try to give intelligent reasons. Be nice to those who differ in your opinion.
Price Manipulation is NEVER Random. Seen so many small/giant Head and Shoulder formations, I have lost count. And this could be a new one about to happen, but on a super grand scale. For those of you that are new... Head and Shoulders is exactly what it sounds like... - A price 'peak' forming the head, with the left and right peaks called shoulders. - Regular...
THE ETHICAL CODE OF THIS POST.... This is NOT about discrediting 'HONEST' Tradingview members. It is a 'HOW TO' and cautionary advisement, some topics may be unpleasant. Draw your own conclusions, supplement with your own research. If you appreciate the work, add a LIKE. Feedback is welcome... if helpful, on topic and NOT antagonist. Several TOP AUTHORS...
FOREMOST.... this is NOT a post to discredit the work of 'HONEST' Tradingview members. It is both a 'HOW TO' and cautionary advisement. Draw your own conclusions and do the research. (You will also be provided with many URL links as we go.) When I was new to Tradingview... I was severly overwhelmed and somewhat lost. It took a LONG time to figure out what...
Volume is very low... And more or less, it's why the bulls have not recovered much ground. Price manipulators are being VERY careful, as the Feds are watching... but they will make a move sooner or later
FOREMOST.... this is NOT a hate post to discredit valued publications of 'HONEST' Tradingview members It is a cautionary advisement.. to educate new traders and open your eyes So you are NEW to trading.. or new to Tradingview This makes you easily influenced.. because let's face it.. - you are eager to learn - you want to learn from the best - you want...
Been visiting the BEST TA pros on TradingView No one is certain which way we are going. Indicators and Fundamentals are all over the place. Will be reporting more on this as things develop over the next few days. Manipulation Report: I see evidence of SHORT TERM manipulation by AI bots This is NOT major... and the big manipulation forces seem to be...