tomtourettes

02:45

tomtourettes Updated 

It's been a very rough ride as an overleveraged altcoin bull, but at the moment I have a decent amount of bullish confidence despite the potential invasion of Ukraine and the correlation with the ugliness of the stock market. In this second take I forgot to clearly show the RSI making a lower low when the price made a higher low (the 2H bullish divergence), but...

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I have so many more reasons to expect this, which I might follow up on later. Long-story short though, I was bullish all the way up from the bottom to the first time it hit $8k, but since then I've been expecting altcoins to have their turn. Even as someone who's only been in since 2017, this is a very familiar cycle to me. BCH/BTC being so overdue for a rise also...

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As the American stock market likely continues it's decline, what I'm seeing here makes perfect sense to me.

tomtourettes Updated 

I've been pretty quiet on TV lately, focusing more on YouTube and quick tweets, but someone asked me to post this after I put up a screenshot in the TV chat room. I've been wanting to post one of my newer somewhat unique charts for a while anyway, so I bring you another chart that exemplifies the inverse correlation that I've been noticing over the last year or so...

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Since I'm lazy, here's what I said on twitter: "Due to the stock market opening lower than it closed yesterday, this chart that takes into account the average price of #bitcoin against the sum of $DJI $NDX and $SPX opened exactly at the 200 day moving average, rising as the day progresses... A $BTC target ~$13k based on this" I've been noticing clear inverse...

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The price action for this chart is defined by the average of BCHABC across 4 exchanges(Poloniex, Bitfinex, Binance, and Bitstamp) added to the average of BCHSV across 3 exchanges(Bitfinex, Binance, and Poloniex). I copied the pre-fork price action from BCHUSD @ bithumb(where BCHABC is currently trading at about a $150 premium), appended it to this chart and...

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Just a follow-up to my "BCH fork action appended to pre-fork data," now that coinbase has finally started trading it again. No surprise to me that there was a big volume spike in BTC(and possibly/hopefully a long-term bottom) about a half hour before they finally tweeted their intentions to resume trading it soon(and give the BCH ticker to BCHABC). I believe the...

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Lately with the market still in the accumulation phase I've been employing a general strategy which is best explained within the chart itself. I'm extremely bullish on ONT long-term, though I suspect and kinda hope that it will come down at least close to the area I labelled as "optimal accumulation zone" before making it's way up to the cloned fib retracement....

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It averages the price across 9 exchanges, while calculating the actual USD value of bitcoin in USDT markets by multiplying the respective exchange rates by the value of USDT according to Kraken. Here's the formula for the chart in case anyone wants to use it themselves:...

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I've been HODLing the whole way down, but the bullish bat on PIVX's binance chart was technically invalidated almost 24 hours ago. Still HODLing for dear life... I'll follow up with a better chart including targets beyond points A, B, and C in the future if this one plays out well.

tomtourettes Updated 

I've been talking a lot lately about a head and shoulders inception situation with DXY. Everything in this chart happens within a H&S on the weekly, and until it was just invalidated, I was watching a third that I just deleted when I cleaned up the chart a bit(but perhaps not enough). Aside from the H&S patterns, there was bearish divergence on the 2H with the RSI...

tomtourettes Updated 

I've been watching these couple patterns since DJI crossed above the PRZ of the bearish Gartley I'd been watching for months(so about a month). So far, they seem to be helping to weigh the price down. The most obvious targets based on the patterns outlined with yellow horizontal lines, and the green rectangle being the zone that I start considering buying and/or...

tomtourettes Updated 

I know it's not quite perfect with point B correcting slightly lower than it ideally would have(and the price briefly dipping below the 1.618 extension of the BC leg), but it's close enough to give me more confidence in addition to my bearish TA on DXY(pictures in the updates to my related cypher idea).

tomtourettes Updated 

My confidence is increased due to the correlation with DXY and my bearishness on it(it's forming a right shoulder inside of a right shoulder inside of a right shoulder at the moment). Other than the resistance between points A and C, I'd be looking at the .5 fib extension(green) and the red rectangles as potential targets.

tomtourettes Updated 

broke down from a rising wedge pattern yesterday too... bearish divergences... Just a quick update to the chart I posted earlier this year(see related ideas).

tomtourettes Updated 

I've been expecting the stock market to take a pretty signficant hit for quite some time. After finding this pattern, it seems like it might have one last bull-trap left to finish off this Gartley pattern and almost definitely making it's way down. A lot of the smart money that hasn't already moved into cryptocurrency should start doing so at this point, after...

tomtourettes Updated 

Just hitting the conservative B target would finally bring it back below 35,000, which is the point at which I suspect the bull starts becoming quite obvious even to most bears. Once this starts playing out, it's also a long-term double-top(at the PRZ of a longer-term bearish butterfly pattern from earlier this year).

tomtourettes

Still pretty close to the PRZ of the longer-term bullish Gartley too(see "related ideas"). The left fib extension validates that point C hit at least the 1.13 extension of XA, and the right fib extension is a clone of the same extension, starting from the PRZ(point D) instead.