salaryman

salaryman Updated 

Technicals Bitcoin has made a clear break and retest of the downward trend line that has defined the 6 month bear market since 26 Jun 2019. With today's movement, it has also made a clear break upward of the Daily 200MA. A break of 9279 (0.382 retrace) completes a Cup and Handle pattern beginning 8 Nov 2019, and establishes a much clearer bullish trend. Bottom...

salaryman Updated 

most people want cheaper bitcoin most people are also impatient

salaryman Updated 

We observe a fibonacci retraces again on XBTUSD. This idea pre-empts and assumes a rejection of B wave before 5134 (0.236 retrace). Breaking upwards from 5134 with volume nullifies this idea. Due to lack of support below the 4755 - 4779 range (0.5 retrace), if C wave breaks 4755 with volume, we expect a 0.786 retrace to 4355. While we expect some support at...

salaryman Updated 

Hi fellow salarymen, how's it going? I'm finally properly back in the market after "THE TOP". Any entry now is good, but safest to enter after breach of 4150USD (BitMex) Loose stop losses and targets are recommended due to highly bearish market and erratic volume, but this is the general plan! It's good to be back in Bitcoin. Hope to see more OG members back...

salaryman

A BITSTAMP:BTCUSD week-for-week fractal of 2014-2015 bull run and pop laid above current 2017-2018 bull run and pop. We have most likely already hit the true bottom or are extremely close if the fractal holds, and will be in for a pretty boring 2019, in line for a 2020 rally. Sounds about right to me! With 2020 Tokyo Olympics and everything... as a salaryman...

salaryman Updated 

NOTE: I am not actually in a short position as I really dislike shorting bitcoin at times like this. It is a risky maneuver especially since Bitcoin often rallies hard to the surprise of many. I have just sold all my Bitcoin holdings which I have held since earlier this year. 2017 has been an amazing rally for Bitcoin with almost 100x growth. With the opening...

salaryman Updated 

Hello all, the fractals are getting pretty intense! The speed is incredible now, we have a repeating fractal on the 15min TF. See my related 4H TF fractal idea, which confirmed just a few days after I closed my trade ^^; It seems like the only strategy now is to Buy & Hold. There are only 2 major entities in the market now: Bots & Long term investors. Majority of...

salaryman Updated 

The Pattern: It appears that a pattern is emerging in the corrective cycles of Bitcoin. The magnitude of the highs and lows align almost completely, except at a much faster speed than before. The Numbers: Following projections from the bar pattern of the rally from 3,000 - 5,000 - 3,000 - 6,000, we can guess that this cycle will be 5,500 - 8,000 - 5,500 -...

salaryman Updated 

Clearest major double bottom on BTC in a long time. Fundamentals for Reversal: The sharp drop was largely caused by fear and uncertainty due to Segwit2x Hard Fork cancellation and BCH shilling. However we have already corrected to prices before the hype of the hard fork even began. meanwhile, the massive sell-off of BCH 2 days ago has made it rather clear that...

salaryman Updated 

Trade: Long Entry: From 6000 USD and above SL: 5850 Target 1: 6400 Target 2: around 6900 Can go higher. Good luck!

salaryman Updated 

Fundamental: Short term uncertainty, misinformation, and panic over future of BTC due to sudden cancellation of Segwit2X and the large volatility that followed. Technical: BTCUSD has been severely overbought on larger timeframes for some time now, and yesterday's volatility introduced uncertainty among many newcomers. Not accounting for the short spike that made a...

salaryman Updated 

Fundamental: Everyone wants BTC before fork to get B2X, price should technically continue to rise. Everyone and their dog is margin long. Price should drop sharp post fork once people collecting B2X close their margin long positions. Technical: BTC broke the channel top, the next clear limit is the 2.6 fibonacci retracement from the 2.9k bottom, at 8.4k. However,...

salaryman Updated 

1. Going on a hunch here that the true wave reversal occurred at the second bear rejection. 2. This puts us on Wave 3, which I suspect has not topped yet. 3. We may say a cup and handle form on quarts before breaking 5,000 4. Followed by retest of trend line during a choppy Wave 4 5. Finally arriving at the true ATH near 6,000 before another corrective wave. Stay Long.

salaryman Updated 

The drop from the top near 5,000USD has followed relatively distinct downward Elliot Waves on the 4-hour timeframe - including a characteristically indecisive Wave 4. It is clear now that we have entered into Wave 5, and it is often said that wave 5 can be the longest. Despite strong support around 3,800USD, a bearish pattern appears to have already formed before...