Third part. I went from around SLV to around I believe I ended at DJI futures. Not really much to say as I speak a decent amount in the video.
This is a continuation of the last video start at I believe Copper and ending at NAKD or somewhere around there. Just my thoughts on charts from a while ago.
Standard stuff. Mainly for records and fun. I havent put out a video in a while. Bullish gold mid to long term. Very bullish. Short term to mid term bearish on BTC and crypto. There are some nice possible choices like Doge that show very strong strength compared to BTC that may turn around bearish sentiment on its /usd variant.
Not a big fan of the price action around the pink line. Exited position at 60k and waiting for strength to be shown above the pink line. Interested to see where the day ends in 2 hours. I was hoping for bounce at 60k yesterday and not a falling under for it to only slide downwards. As always, the schiff pitchfork i use has the values listed in the linked idea....
Bullish. stop loss under pink line at 59.1. We will see what happens, so far perfect bounce on pink line for start of new 4hr. But maybe, TONIGHT WE RIDE!
Private idea didnt load, so ill make it public
Long story short. If btc drops with this ugly pattern that has never been created on this movement up, I see TREMENDOUS downwards potential. upwards is possible, but there should be strong movement upwards before an even bigger one after. As always, the values for the pitchfork are in the respective linked idea.
Gotta get above 50k to look nice and rejection at pink line will look bad. As always feel free to use the schiff pitchfork values for yourselves. values are in the pitchfork idea.
Title explains the whole thing more or less. Just another quick update from last video. WE had targets hit. No surprise. Like i mentioned, there's only one real way to have a supply crunch and that is to get rid of weak hands. otherwise people will just sell at *tops*, therefore no supply issue. I just mentioned targets I would like to see, and how I would be...
Rambling update, but some nice content i think anyway. I'm pretty much continuing off the linked chart. no big surprises on resistance seen here. I would prefer bigger drop about 6-10% to give nice room to consolidate on a movement back up. Like always, I mainly do not want to see a rejection under the pink line for mid term btc movement upwards. We didn't see...
We'll see what happens. I'd love for an obvious play, but at the end of the day, the buy points have been pretty obvious themselves. What happens in between is up to the scalpers and short term traders.
I don't know why i cant replicate my schiff pitchfork, even when I use the values I see on the main chart. Ill keep trying to figure that out. ----------------------------------------------- Mid term, I am bearish on Btc. The bounce spots can be seen and there will be a link to the pitchfork chart for future reference to it. It def appears to be rising wedge...
Redid the chart in order to remove trend lines that did not need to be there. Not much to say. Its pretty straight forward. Just targets for buying and selling. Its not only called the top almost perfectly, but also the subsequent rejections at 38k and 35.6k If you want to use it. You MUST goto 30 minute timeframe and enter values for schiff pitchfork:...
dsfdsgsd its probably too late. idc. figure id put it out there.
Useful schiff pitchfork that has helped me since 26k. pretty accurate. we may fall out of trend but i see us coming back into it sooner or later and continuing to follow the pitchfork. But lets also be honest; angled lines usually work in general. Warning: The pitchfork values will shift depending on the time frame. Please if you use it enter the values on the 30...
fsfsd You can see on the 15 the bounce off trendline. Check the linked chart for the shorter term. its on 5 minute so I had to put it private
So essentially this video is just showing the first two big trends on Bitfinex and how the future movements are heavily based on these areas. One of these areas is the 6666 point which refers to a 2.618 on an old trend. My take on BTC is not good. It has to do with the lack of mining and increase of people selling out of BTC. I use to think of *big investors*...