dasBoot

dasBoot

We see this quite often in BTC, Especially at ATH levels where inexperienced speculators flood into the space dreaming of bitcoin millions but really are not believers. Whales feed, normies Bleed might be a good Alternate title. we continue to see resistance flipped support on an ATH, heavy action to get the Chart watchers who Zoom way in and watch charts on...

dasBoot Updated 

BITSTAMP:BTCUSD we are at a decision point in the pennant formation. The squeeze will result in more sideways action, expect a close not much higher than where we are right now. I do expect there to be some price swings and should offer day traders a chance to make positions on the fibs without much risk.... aside from this being a very very risky area to...

dasBoot

BITFINEX:EGLDUSD Once a dominant and hopeful alt with an over inflated value tumbled to the abyss it seems EGLD fell so far in the hole it might have been overlooked and forgotten. Without getting into use case which I always feel is what is any altcoins staying potential, outside of being a memecoin, ELGD once seemed like it had a positive roadmap and as...

dasBoot Updated 

Im just gonna put this here and I'm seeing alot of ability for BTC to stay above high to mid 40k, volume is discouraging but I feel this is just the start of a crypto boom that will have every institution and person who is getting squeezed and destroyed by inflation and increasing interest rates. Crypto will spell a freedom and as finance inevitably fails for...

dasBoot

Everyone including myself keeps calling for a consolidation where a price retraction would allow the weary timid and very risk averse bulls to come back hard. However , I see the next upward leg happening now , with very strict adherance to the Fib values of the recent retraction as support as well as the Fib Extension values being targets for our resistive...

dasBoot Updated 

We are completing todays break out 7% BTC dominant and eye opening performance by a price retraction to establish a new floor from which to rise. I believe we must make a clear and concise drive to around 70k or it will signal a retraction that could possibly bring us back new the high 30's low 40s As it stands currently , we are starting to look like we are...

dasBoot Updated 

Bitcoin has adapted to the zone and is carving out a space that involved an ascending channel and a fibonacci game of tag. We can clearly see that we are in the fib zones on the short frame and as we need to be focused on a pullback, nothing is really giving us the indication that it is going to happen as we have buy orders waiting on the support/resistance...

dasBoot Updated 

Bitcoin reaching the end of the pennant , it is a rising pennant which indicates possible bearosh break which would make sense given the recent gains. We need to test previous highs for support. One thing that must be kept in mind is we are back into Whale season, manipulation and heartbreak are the real tools of the trade in Bitcoin world. Be ready to throw...

dasBoot Updated 

BTC loves to eat FOMO investors money and make them second guess why their mothers ever..... while you get the idea, BTC has been getting flooded with fomo money and this can't be overstated. We've broken upwards momentum (which was unsustainable) and we are going to see weak hands bail as whales institute a sell state. Lets try to find a floor on the fib, I...

dasBoot Updated 

We are on the way to seeing another ATH, There will be a pullback before we get there, Big picture, I'm long. BTC has potential to hit 500k. I will be posting my predictions on shorter timeframes and reacting to the market conditions by adding to this post

dasBoot Updated 

Rising Pennant Breaks on the upside BITSTAMP:BTCUSD and maintains support as we are now about to have the weekly close on a strong candle. We are also in the Zone of historic importance where only heavy volume, speculation and high spirits will carry us through If you are not currently Long, you will want to wait for bitcoin to break the 0.65 Fib as well as...

dasBoot

Bitcoin has passed through the fib values of 0.618 and 0.615, known as the "golden ratio". A compelling zone to indicate that there will be a test for support on the longer time frame. Once we can establish support, which given FOMO, may even shoot through the 0.75 before finding a footing on the weekly. Bitcoin, once support on the longer time frame is...

dasBoot

we've broken through the bottom of the channel at the .. fib, look for rejection on the downward trendline to signify a drop to 45k range , breaking the bottom of the channel is a bearish indicator where lower lows are in the immediate future, this should be the final leg of the corrective wave once we find support

dasBoot Updated 

Gaining 50k and flipping it as support btc is now moving towards the 0.618 from previous high to previous low . The 0.618 is at ~51k . Btc has been on an upward trend for the past 4 weeks. The 618 is the golden ratio, look for large investors and retail traders to take profits. Also we must remember this is during a weekend and weekday investors will want...

dasBoot

Bitcoin failed to set higher highs and collapsed after being unable to gain momentum to go above 50k. Taking a look the price found resistance at the bullish move back on the 15th of May which was a key candle which set in motion our dramatic drop in value (42.4%) in under 4 days. This cannot be ignored and should raise a red flag among those holding out...

dasBoot

Just laying fractals into the logarithmic growth curve of a run from top to bottom. Something to look back on and laugh maybe. Current price

dasBoot

COINBASE:BTCUSD A Daily View BTC has been moving upwards, previously when in the 40k range we have had sellers enter the market, Back on feb 8th we had a bullish candle push above resistance which was a result of Elon Musk tweeting about a large BTC ( - Doge Bowl ) buy causing speculation and Volume to drive the price up. We have the weekend ahead of us...

dasBoot

We are back inside a wedge , the upside will be a hard resistance to break, look for shorts at the top, Scalp the fibs, IF we break through the bottom we can move down to the .618 potentially rebounding off that and back into the pattern .