The Bulls have tried to escape the tight encirclement and failed to breakout the 4th time, they are exhausted and out of ammo. When the wildlings hit the great wall for the 5th time, the bulls will need a miracle to hold it. The coldest part of the long winter is here. Brace yourself and protect your capital.
These are the gains in the last month BCH in the top BTC ......
The last winter lasted for 4 weeks and it was really tiring. We started second week of consolidation now. Are we done? Is the worst part over? We touched the upper end@$2700+ of the wedge yesterday after a strong green candle and the resistance was too strong, also that happened to be the upper channel of the RSI (Blue channel). So double punch to the face and...
I'm putting most of my quick updates/charts on twitter. So please follow me there @imkeshav for updates and questions. * If you followed my previous posts, our predictions were accurate and we managed to take profits and move 70% into FIAT. 12 hours later the entire market crashed. My vision, strategy and risk management helped here. My articles in yours.org have...
Update: While drafting this post in a hurry before the breakout happened, it actually broke out, but the awesome thing is that I predicted it 2 hours before in a tweet with a brand new chart type (see linked post in TV). So please follow me on twitter (@imkeshav) for quick chart updates or ideas. Sadly, I don't know how to add cool images here. Do checkout my...
More in depth details on below points are here - www.yours.org BTW most of the BCH bull runs happen during the korean day, so watch out for crossing 2k again in the next few hours (It is 4 AM IST and 7:30 AM in Seoul) Our last post on the BCH bull run was very accurate and we touched the $2000 mark as well. While that post talks about looking beyond 2k, this...
1 word advice - Use BCH! Don't just invest Our last update on this chart was that the price fell back to the support line and we had to watch out for a breach. Fortunately, it acted as a strong support (small green arrow) and the price bounced back and broke out at $1530 Looks like all the charts (including this BCHBTC) are aligned and ready to boost BCH The...
Our BTCUSD correction chart has been very accurate since yesterday (see linked BCHUSD idea) and the price trend moved almost exactly on the lines that we drew. It was indeed an ABCDE correction as we predicted (see updates below). Is the correction over? Time to party? So I do expect a major correction of at least 30-35% or $11500 to $10700. This is the...
Prelude: Bitcoin has grown almost 200% in 25 days without a correction. The last time it did this was when it cut $1000 mark. What happens next? (It has begun) 228,000 unconfirmed transactions despite having 90% Hash power. Now if the hash power moves to a certain other "trash" coin, how do you take profits or cut your losses if you can't move your coins to...
In the last chart, we saw that BCH was comfortably in the channel after a nice bounce from the lower support. Now we have a nice spike today and appear to be heading to the upper end of the channel. We have a long way to go before we reach the end of the road and take some profits. From Elliot waves, we appear to be in the 3rd wave which is usually the strongest,...
We are still in the upward channel with a bounce between 1200-1270 from the lower support line that is taken from 600s. The trend has turned upwards and if we continue (green arrow) this the target could be 1850-1900. If the above channel is breached than we are on our way to 2200 or above, otherwise it will retrace back into the channel (red arrow). The good...
The price held the wedge nicely until it suddenly dropped below support. RSI went to 18 and it was completely oversold, after there was a sharp uptick and then we are back in the wedge. This appears to be the 3rd wave and can take us to 1800+. Meanwhile BTC is at all time high and there is a lot of FUD about a major correction. Coincidence? I think there are no...