junkofdavid2

junkofdavid2

Even if my chart yesterday shows possible recovery by January 2019: Current movement shows it may even follow my much earlier chart which indicated possible recovery as early as end of this August or early September. Here is my OLD chart from June indicating possible recovery by end-Aug or early Sept: This is DESPITE the current bearish sentiment after...

junkofdavid2

Assuming we've seen bottom and have resumed uptrend, and we're following similar pattern as 2014, we'll probably see all time high recovery by mid Jan; if history repeats itself this way. Includes corrections at 10K and 12K. Assuming similar 20X parabolic rocket happens after all-time-high recovery, this could be in 5 months instead of 1 year (because of new...

junkofdavid2 Updated 

Update from my chart yesterday. Now it's a clear triangle break for me, and considering the length of the pole of the triangle, it will go close to 10K; probably in the next 2 weeks. It will be normal for a "scary" correction close to the tip of the triangle at around 8K, but then a resumption upwards.

junkofdavid2 Updated 

Close to 10K if breaks up, close to 5,400 if it breaks down (5,400 based on my previous charts)

junkofdavid2

See how the Chaikin below seems to align with the points above. *Note: I'm still hoping for a crash down to 5,400-5,800 but I may be wrong if the tide has already begun to turn...

junkofdavid2

Similar price action, similar declining volume, similar Chande Momentum Oscillator. Maybe...

junkofdavid2

Maybe...

junkofdavid2

Similar price action, and RVGI has similarly turned up. Well... let's see

junkofdavid2

Another way to look at 2013-2015 bear compared to today... Hmmm... Never know But IF YES... expect a PAINFUL plunge before any reversal, similar to the chart shown (based on this chart, should go to 5,400)

junkofdavid2

Same or different? "Failed" triangle doesn't mean a failure in BTC? Let's see...

junkofdavid2

Very similar past price-action and quite similar RVGI. Let's wait for RVGI to turn up *This is a counter-alternative to my relatively-bullish view in my other chart (coz yes, TA doesn't predict, only shows possible scenarios)

junkofdavid2 Updated 

UPDATE based on last post: Using the 2013 to 2015 time-frame extrapolated into this wave's similar but shorter span, we should re-touch the previous all-time-high (approximately 19,500) by end of August or early September 2018. (Again, this is ONLY if history repeats itself) Recall from my last post: We keep seeing mirror images of the 2014 bear market playing...

junkofdavid2 Updated 

We keep seeing mirror images of the 2014 bear market playing out now. But what if (just if) it has indeed played out, but a bit differently from the common mirror images we've seen? As in this? *I know it's a long shot, but never know! (Isn't all TA long shot?) *As you can see from my recent days' posts, I have both bull and bear scenarios, this is just a...

junkofdavid2

Yesterday I showed similar patterns which may suggest that history might repeat itself. Today I show how it might not be true either, with super similar patterns which ended up in opposite direction. So you may apply this for both past bullish patterns and past bearish patterns. If you're bullish, you may use this to say that the similarity to 2014's chart...

junkofdavid2

Similar to past pattern... you decide. (Update from yesterday) To be clear, I'm quite confident in the move to point 6 or near point 6, not the reversal at point 6 (which may or may not happen). *But if it does reverse, it will happen *near but before or slightly after* point 6, not at 6 itself. Why? People will freak out scared if it touches exactly point 6...

junkofdavid2 Updated 

Past similarity... you decide

junkofdavid2

This does NOT look good

junkofdavid2

I hate to say it, but without a big fundamental catalyst when it nears 12K, it could be a bull trap and then resumption of the bear market. Not only is the pattern very similar, but even the stochastic RSI is almost identical. I want it bullish too, but just sayin... be suspect of this rally until we clearly break 12K!