I am The Real Johny Button !... hated by the press and loved by the haters! Lets look at my opinion on BTC -0.68% -2.01% today:
We well look what we have here...yup i have been onto this for a while, and I think we are close to rock bottom on the down move.
So i have entered this trade. I will enter more now if we drop more, which is possible...we could hit $0.15 area or lower...who knows, but one thing is sure...its party time, get onboard the ship is getting ready to leave the port.
We are lining up beautifully in the crypto market cap. Hitting my target area of 330b, but i have a voice in my head saying be careful, it could drop as i dont know if it is playing a ABC correction pattern, or if it will move onto a ABCDE...but i am certain now it has hit the correction level, tee'd up a H&S even, and it is time to get some skin in the game.
I am closely doing this trade with the market cap movement as i am sure it is the key at this point of 2018...besides it is the reason any coin at the moment is moving in any direction.
note: Everything moves in 3's. I apply this thought to my charts and MACD reading. I call Elliot wave 12345, 3 waves up because thats just how i see it. 3 is my magical number and has proven to be a nice way to be on a good path for me.
I also have bad grammar, and i have offended goldman sachs mail room workers in the past...to this i am sorry
Regards, Johny Button
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hold on to your pants everyone...i got a feeling there is one more down move this week, than its party time next week.
@cpiljoo, seems like a move back to the EMA on this dip makes a wave 2 on the MAC... anither drop would make a wave 3 if that was correct. I just have a feeling, but it could break this resistance in a day or so and I would be wrong
cpiljoo
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@johny_button, is this the drop you are talking about?
johny_button
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@cpiljoo, haha no, I actually have a swing on right now... There is some up signs atm, I even notice possible h&s on some other coins showing a possible push up on 1hr charts (having a gamble) . The estimated distance if it does do this would be the bottom on the last week's support level on its consolidation... If a drop ever happens again it would be at that point... Or it punches through... Who knows in this game