perrynoid

perrynoid

We have been trading in an upward channel for over a week. If we can see just a little support at this level then, expect a spike. There will likely be some resistance @0.0066 and 0.0084 with a major resistance @ 0.01 Anything higher and we may be looking at a new all time high followed by a whole new market range. Hold on to you hats but, don't miss this spike!...

perrynoid

The bear market is not over 'till it's over. Like it or not, unless we see strong support above $10,600 USD, we are in it. 3 trend lines converging combined with a historically drastic narrowing of the Bollinger bands signal big volatility ahead. In a bear market that most likely means a big dump. BE CAREFUL!

perrynoid

The hype is not strong enough with this one. Market range (red lines) is limited. Not sure if fundamentals mean much with crypto. Seems like they don't mean much in the stock or housing market either...lol. To me the biggest factor in crypto is, can it survive the inevitable onslaught of the power of the state to control and eventually ban it? While they may not...

perrynoid

...middle to end of June... NOT necessarily the final capitulation of a bear market.

perrynoid

For now.

perrynoid

This Gravestone doji seems to support the theory expressed in my previous post that more than 7 green candles in a row on the weekly chart is unlikely and there will be a bearish trend reversal.

perrynoid

If this line is broken and acts as verified support (ie: tested at least once and followed with higher highs and higher lows) then this bear market may be over. Otherwise, this corrective phase will play out with my target as shown or something similar. This recession/Great Depression 2.0 will eventually trickle upwards to the whales that are manipulating this...

perrynoid

We have never seen more than 8 green candles in a row on the weekly chart. More than 7 has happened twice before. This is the first time in a corrective phase. You can see it retraced substantially substantially last two times. This time may be worse since the corrective phase has yet to play out. Interest in Bitcoin will drop off a cliff, with or without a blow...

perrynoid

When it take Elon himself to tell investors TSLA it too high, it proves we are in a bubble inflated by fans not investors.

perrynoid

Unless the current rally holds support above 10k, or a price action can achieve higher highs and higher lows, expect final capitulation and the end of this Elliott wave cycle. The market is maturing. No one knows what will happen after the final halving, disappearing all rewards for mining. I don't believe BTC will ever see 20k again. However, after a long...

perrynoid Updated 

The recent rally did not equal or surpass all time high. It was not a healthy rally because it never tested the 21 weekly MA. Price action since 2017 ATH seems to conform to a corrective trend per the Elliott wave principle. Fib Circle is based on the mean price at NVT signal for the first and second Capitulation in Wave A and shows possible time frames for short...