djmorsey37

djmorsey37

a dropdown from current BTC price at 41k to 34.1 would set up NVT for a nice bounce, bounce will happen quickly in terms of BTC, but i believe now that 34k is bottom and 98 to 100K is certainly on the table if this is indeed wave 5. i'll be laddering in longs to BTC down to 34k . good luck

djmorsey37

Almost a buy, just a tad bit lower to 54.2 and i"m all in BTC again. Price target 24.5K$BTC

djmorsey37

I am expecting a reaction when NVT hits 72.7, around 37.5k BTC area. could just be a dead cat bounce , as i expect lower Lower BTC prices as pointed out in previous charts. but this is an area that interests me for punting a long. should disinterest in BTC continue, price will fall fast. next area of interest support would be in the low 50's on NVT chart. good...

djmorsey37

NVT doesn't lie. If you don't buy the NVT 57.2 area, BTC goes way low. a bounce there and we get the 5th wave up. some have said 20k BTC and we go into a multi year bear market... i disagree, the bottom of the fourth wave comes quick, there is a re-buy at 24.5 like no other, a massive wick up and a climb to 78- 100k. you better buy if we fly. won't want to miss...

djmorsey37 Updated 

Acting as suspected. and once again. 160is less likely than much lower. IMO BTC goes to 24k. Possibly 7-9k if things get real ugly but i'm in doubt of that. I'll be laddering in at the 24k level. it's going down from here, but a dead cat bounce is expected. good luck

djmorsey37

Expecting a bounce at some point here, getting closer to magnet target 2 . I am expecting to have to move it one more time as ALTs dominance also rises and peaks. good luck trading.

djmorsey37

BTC going down, i am short BTC and long ALTS. still

djmorsey37

NVT pushed into the triangle of interest and retracted. I believe this is Bearish. still long ALTS.

djmorsey37

An evening Star and a rejection of NVT "triangle of support. i believe we go lower. BTC correction is in effect. Hope you are neck deep in Alts NFA. I'm Shorting BTC by Longing Alts. Get the dart board out. pick something that hasn't pumped against BTC pair.

djmorsey37

Make or break for BTC here, get back into the triangle of interest and ATH once again, a rejection here would be bad for BTC, My gut feeling is rejection and ALTs continue to pump against BTC pairs. BTC dominance bounced (of course) due to the recent BTC interest. total ALT market cap also bounced. Most likely due to BTC's recent bounce. should BTC reject (NVT)...

djmorsey37 Updated 

I'd like to see 92.5 hold here but think that 87 is on the table and will have to hit that area to hit my low target of 46.5 as i stated two weeks ago when I started posting NVT charts again. As far as a bearish cross of Ma10 and 20, it's a strong possibility, I hope this does not happen. but it's getting close this would be really bad for Bitcoin. I'm bullish to...

djmorsey37 Updated 

BTC must bounce here. lots of doom and gloom on the horizon if it doesn't 92.5 is the line in the sand for BTC interest

djmorsey37

Should NVT reverse here and create double bottom ATH for BTC incoming, a retest and loss of previous support would be bad for BTC. I am going long BTC here and as always watching the BTC dominance, and Alt Cap Charts for insights of what will pump. BTC Vs ALTS

djmorsey37

This needs to bounce here or BTC is going to take ALTS down with it should continue to drop, I'd be watching BTC dominance chart VS Total Alt Market cap Charts like a hawk RN. good luck

djmorsey37

Maybe something like this ? long term long. Obviously

djmorsey37

This is really Bad for Bitcoin.46k incoming. not sure if this will affect ALT's just yet or not. I imagine some relief around 46K but sentiment is continuing to wain, don"t want to call this a top just yet, but it is definitely looking as such.

djmorsey37

For the first time since this Bull run began in March.on the 12th the trend line support for NVT has broken to the downside. Nothing to Panic About yet, But it is something to seriously take a look at, as this is signifying lost interest in the #BTC market. unless we get back into range this Bull market for BTC is over. certain Alts will run here . It's imo their...

djmorsey37

Had to move my magnet, when I say I'm neutral, I am neutral on Spot BTC. I am definitely long on ALTS, as I believe BTC Dominance will continue to wain. We may now just be entering into Mega Alt San