hydrix95

hydrix95

longest Weiss Wave in history (bottom indicator) about to end. This requires 2 green weeks in a row, in which period we will likely depart from the 200W MA (historically the strongest support in BTC). This could spark a bull run, even though the narrative has not yet arrived.

hydrix95

combination of BTC dominance bounce incoming and high TF overextension

hydrix95 Updated 

An interesting statistical outlier on Weiss Waves shows that a continuous push like this is typical in a full bear run, yet BTC is only down a few percent. This indicates a possible bounce, or distribution for around 12H before heading down more. Notably, the 2019 run did not show any such wave on the 4H until 14K

hydrix95

TSLA: past XRP fractal shows up to 1250-1500 then a large correction. I hope this is an apples to oranges comparison and not another bubble like XRP

hydrix95

2013 fractal with halvening dump. A few fractal scenarios show us revisiting the critical 200W MA. I think this is likely after the launch of f utures in 2018. The 2018 fractal from this point shows us bouncing off 20K a few times before finally breaking it, sending us to the 200W MA again. Trapped miners may want to exit after two years of barely making profit. A...

hydrix95

After 7 red candles on the 3 day, setting an all time record, it might be a time for a correction, which could spark a bullish December and 2013 fractal play

hydrix95 Updated 

If BTC were only as bullish as 2017, it would have corrected hard twice on the weekly. The movement more reflects 2013, which was a different time and market cap, but didn't show a hard correction until it had mad a higher high. A 2017 interpretation would have it correcting toward the higher MAs like the 20 week or 200 day a couple times by now, but this is not...

hydrix95

Even in the height of the bull run BTC has a tenancy to revisit the 20 week MA, which won't even sustain 5K if it goes sideways for the next week or two.

hydrix95

The last 3 months haven't followed the rules of the previous bear market. If it was, you would have seen a top at 4100 and likely a double bottom or at a minimum a second touch of 3600. 2015 fractal is in play. Greed index is extremely high and and all indicators are extremely overheated. Handle with care

hydrix95 Updated 

BTC Runs on narratives and rejections, with catalysts of news and volatility. These are the most important narratives to consider: BTC is in the largest retracement since it's beginning. More people have gotten rekt in 2018 than any other year. Exchanges were literally shutting down for weeks and months from massive, massive creation of new accounts. These people...

hydrix95 Updated 

not looking at long term, but probably going to dump a little and retest some areas while testing if bears are ready to come out for a long 4H dump

hydrix95 Updated 

There is a lot of trader sentiment leaning in both directions strongly. There is a lot of noobs bullish, and a lot of pro traders saying a retest of lower fib levels. There is a wide range of players spanning from black to white on this. Some people are pro but roll with the noobs, other are noobs and roll with the pros. This is the hive mind that drives BTC...

hydrix95

But know when to use the right ones. A lot of people were calling for a bounce to higher levels a few hours ago. Why were the promising 4H indicators shown above wrong? The timing seemed right, since we just got through a massive bull run, and now we're down. You can see the extent of the runs on the 1H, but the pumps kept getting rejected. It's not unlike bitcoin...

hydrix95

This is still the first peak on the 4H RSI since we've hit the "very bottom." Ideally it would go sideways overall, hit another valley in the short term, and consolidate before going up. Sometimes it can resist doing that, but the dump just now indicates otherwise. Nonetheless, I'm not buying until at least the 4H RSI hits 30. The 4H RSI hit 75 after that recent...