magnusmajorfx

02:53

magnusmajorfx

invalidation is monthly open, target is previous month high, 1 dollar, 1.05 and 1.1. very simple and obvious trade

03:03

magnusmajorfx Updated 

bitcoin potential local or some kind of macro top very close here. could go as low as 24k before 60k imo, as people are getting comfy in their bottom buys by now.i dont think this time is different

03:32

magnusmajorfx

Looking for a violent flush lower within a month, top should be within a week now. Under 32k is very likely. Not worth fomoing here imo

02:34

magnusmajorfx

Looks like around 10th of December will be a pivotal date, also 40.8k is a magnet. Might put in a big candle that overshoots my target however, so manage your risk accordingly. The flush after 40.8k+ will humble many however.

04:47

magnusmajorfx

don't overcomplicate it, don't fomo at big resistance. hop into alts whenever btc is below 30k

07:06

magnusmajorfx Updated 

publicly called - the 2020 crash in november/decmeber 2019 - ukraine war crash with a miss of less than 48 hours - called bitcoin 20k when it was traing at 50k see if this is a new correct prediction or not.

magnusmajorfx

retail buys the top at 60k expecting parabolic run, no parabolic run and the leveraged longs get flushed eventually, but not before the run

magnusmajorfx

50EMA + RSI around these levels seems to correspond to a historically great entry price for Chainlink, as well as the "box type" structure Chainlink seems to repeat time and time again.

magnusmajorfx

17200 might be the peak. The chart patterns are becoming clearer and clearer and the probability of a big drop is very high. Be cautious. It's not the first time I have called out large drops.

magnusmajorfx

Bitcoin is in an ascending triangle, creating a perfect middle pattern disguised as a bullflag in an extension channel. Price might barely pierce 17k-17.2k and drop like a brick to 12k-14k. Fear & Greed is at an extreme high as well, and we haven't had a red week in a long time. The market is way overheated and I recommend you to be very cautious. Longs will be...

magnusmajorfx

Bitcoin chart formed a impulse-correction in form of a triangle. We can see the lower part of the triangle sloping upwards showing bullish pressure. What we can expect is another impulse up out of this, of course, with bitcoin everything is possible so we do need to keep two things in mind: 1) To have the greatest chance of being right, waiting for an impulsive...

magnusmajorfx

Target hit for Link on my previous idea. Congratulations to those who saw and listened. The chart is now in a very important place as it created a correction on the 1H and it might either be an impulse that takes LINK to new ATH or a double top that takes Link crashing down as fast as it rose up. I still think Link is a great long to hold but we need to be very...

magnusmajorfx

Clear impulse correction in a form of a triangle to break into new ATH with a second impulse. Beautiful middle pattern channel in the triangle adding to the probability. Beware of a possible double top, entry after an impulsive breakout on 1H or 4H. The bitcoin slaughter will draw attention into Link which is performing very well compered to the rest of the market.

magnusmajorfx

Today is the 30/7/2020. The S&P500 dropped even though the dollar index got slaughtered. If you weren't aware, the S&P500 show it's price in US Dollars . What does this mean? It means that when the dollar weakens, stocks should go up and the inverse for the opposite scenario. However, seeing the dollar getting weakened AND stocks dropping is very bad. This means...

magnusmajorfx

Long sweet spot @4.5 EUR. Possible long term bull-flag in the making.

magnusmajorfx

The odds are that it breaks structure to the upside and we see huge momentum up once again, but be aware that should it break to the downside with a big bearish candle especially on the 4H we could see BTC drop down to where it was last week.

magnusmajorfx

Yesterday was a very interesting day. We got a massive impulsive candle that took price to a very key level with several stars aligning: - Psychological level of 3000 - Cross of both EMA50 and EMA 200 on the daily - Previous clear resistance (now turned support) that had not been revisited yet in this rally - Touch of a very clear lower trend line of a channel...

magnusmajorfx

We are in a major channel downwards with a smaller channel downwards within it. In order for BTC to even stand a chance to become ultra-relevant again we need a major breakout from this channel. Unless we get a period of price stability, we are looking to continue the trend downwards. In case the price reaches a state of stability, there would be a chance for BTC...