xFarmerx

xFarmerx

So just trying to simplify this BTC chart. Very clear support and resistance lines along with the current trend easily show us where we are going. Again, this is for my own log and I am not saying this will happen. Just my current most likely prediction base on simple PA Trend Analysis. I am not trying to teach or lead anyone with my TA. I am publishing...

xFarmerx

So far I have been pretty accurate about where BTC was going. I already made my long buys( a little too soon maybe) and am just watching at this point. I am not a short trader so I am out of the game until we turn bullish. I am not sure my wave count is right but sticking with it and like I said, time will tell. I posted a similar chart on the 5th with a...

xFarmerx

Bears are still winning this fight. If you are waiting to go long, it is a good idea to wait for true confirmation of a bottom, and reversal before you buy. Don't panic sell if your holding BTC and be patient. You will have lots of time to get back in or go further in to increase your position. Looking at my chart you will see that BTC dropped out of the...

xFarmerx

No reason to think BTC will leave this wedge anytime soon. As volume lowers and we drift towards the tip of the wedge, one can only conclude that the bears are still in control. Trade with the trend and remember, having no position sometimes is the best position. This healthy correction was anticipated for months by some, and is a very good thing. I think BTC...

xFarmerx Updated 

This is nothing more then a zoomed in view of the wedge I traced out yesterday. As you can see BTC is following it perfectly. We are due for some change here. Most would suspect up by doing wave counts and maybe a bounce inside the wedge, but dang...so little volume. We could go down and test a few resistance zones below the wedge. If you are watching BTC...

xFarmerx

So looking at the daily chart for BTC this morning I can see two things. A falling wedge and a symmetrical triangle. The falling wedge shows a continuation of a bearish cycle. A symmetrical triangle means the continuation of a trend. In this case Bearish. Do your own due diligence on this and stay alert. I have two boxes marked as buy zones for myself. I am...

xFarmerx

Just for my own historical record.