derektwlee

derektwlee Updated 

BITFINEX:BTCUSD is accumulating with accumulation cylinder with widening mouth. There are two scenarios I have in mind as you see. In long term, I recommend long.

derektwlee Updated 

I placed a margin order to buy if the price is greater than 8650, buy at 8700. Since it took very long to break out, the magnitude of the breakout will be significant. I think it will easily rise about $500~1000. If it fails to breakout, it might go as low as $6500.

derektwlee Updated 

It seems obvious that RDD is in equilibrium pattern and it is near to its end. To me unless BTC drops hard, RDD will go up at least a bit. Buy some and set your stop-loss at 0.000007. Let's see what's gonna happen this time.

derektwlee Updated 

There are some possible BTC bottoms in my mind. 1) 0.236 fib level from last run(5): $8820 2) Last top : $7800 3) 0.236 fib level from V Elliott Wave: $6000

derektwlee

At the support line. Good time to buy with stop-loss setup. Short term potential 20% profit.

derektwlee Updated 

We are getting through a hard time nowadays. I haven't posted for a while because the market was very unpredictable. Elliott wave analysts keep saying there will be another leg down. I don't know what exactly will happen (up or down) but something is gonna happen in 4 days. Better to set stop-loss.

derektwlee Updated 

BTC has never gone totally off from Daily Ichimoku cloud since it has started bullish run in October 2015. If BTC goes to $8000~9000, it could mean BTC is in downturn which is terrible. Since everyone thinks BTC will go $8000~9000 including myself, I bet they are wrong based on my new theory.

derektwlee Updated 

Don't know which direction but I am sure it will pop soon.

derektwlee Updated 

2 minutes ago I was gonna post it yesterday but since the market was not stable, I didn't post it. But I decided to post it now because NBT has been doing so great even when BTC -7.12% was tumbling. This is the comparison with BTC movement yesterday. Look at the upsurge in volume when the price isn't really moving. I can see something is going on. Maybe some...

derektwlee

Hope you don't panic sell and plan how you are going to play it. Know where the supports are and avoid panic sell near them. If you panic, try to sell at the bounce when the price hit the support level.

derektwlee

Let's see if it is the end of the entire correction.

derektwlee

Keep in mind that BTC is bearish recently and I think this big bear flag might come. I personally think it's going to happen. Let's see what's gonna happen.

derektwlee Updated 

Hope it doesn't drop the ball like last time.

derektwlee Updated 

It will break in two months.

derektwlee Updated 

If it breaks bearish and goes below the side line, we will have another major correction like we had in last July. If it breaks bullish, we are good to go. FYI, please check this: There are three golden crosses: MACD, EMA, ICHIMOKU in 4 hour chart. And we are at the cloud now. Hope it break bullish but in July, we had them all and we were even above the...

derektwlee Updated 

HODL

derektwlee Updated 

Gbyte distribution is scheduled in 62 days. Also, it seems to hit the bottom recently. Daily MACD recently golden crossed. BTC is expected to stuck in a box price for weeks. Ready to moon!

derektwlee Updated 

I think BTCUSD will move in the move in the box for at least a week or two. Not sure when to break the trend and which direction. I personally think the progress of Korea FUD will decide when and where. Just buy alt coins now!