drake7

drake7 Updated 

I found an interesting thing........In trying to find underlying TA among BTC price crashes, I applied the FIBB time scale, starting with one of BTC's first major price crashes. I know there are examples of crashes prior to my first time marker but I chose a point after BTC had begun it's major price run-up. Anyways, the crashes after my chosen starting point are...

drake7 Updated 

I published an Idea on March 19th pointing out the occurrence of BTC crashes on Fibonacci time scale lines. Most everyone using TA uses Fibonacci levels for retracement and extension of price right? So are Fibonacci time based markers useful? If the projected time range (May 12-16) produces another "event" then I'd say so. Stay tuned... In the meantime, I've...

drake7 Updated 

Now I KNOW that many traders don't like "lagging" indicators like the EMA's. I get it. However, for those that DO see significance in the EMA's the 20 EMA has crossed the 50 EMA on the 4hr chart. This USUALLY means that a steep drop is soon to follow. Having said that I will concede that this crossover is a bit more shallow than most and there is at least one...

drake7

Back on March 19, 2018 I published an idea that simply pointed out the unique alignment of BTC price crashes with the Fibbonacci time scale. We refer to the Fibbonacci levels all the time regarding price levels so maybe the time component has something to reveal as well? Since the recent price reversal I see alot of TA that uses "channels" and "wedges" to...

drake7

So I'm just gonna point out some previous resistance levels from the climb up to the ATH that are now serving as resistance on the way down. Levels #1, #2 and #3 provided some resistance on the way up while Levels #4 and #5 did so as well but were merely bumps in the road. On the trend down we've revisited the #5 and #4 levels and seem to have a clear path,...

drake7

I'm just gonna point out some previous resistance levels from the climb up to the ATH that are now serving as resistance on the way down. Levels #1, #2 and #3 provided some resistance on the way up while Levels #4 and #5 did so as well but were merely bumps in the road. On the trend down we've revisited the #5 and #4 levels and seem to have a clear path, meaning...