TradingView chart. One of many, hopefully.
Discussed this on the video already, but now we’re able to follow on TradingView as well.
Clear bubble pattern with the emotional phases since December. If you compare this with the bubble pattern, then you’ll be able to see the same steps every time. Why there’s no such spike or bounce at the level we’ve seen during Easter? As it’s in sideways accumulation phases right now, the temper on Twitter was pretty much depressed/anger. About 90% of the people has left of the exchanges and Twitter, which is also a clear sign that we’re swimming around the bottom level.
If we compare this with the Elliott Wave theory, then we’ve finished the ABC correction waves and are currently in the sideways corrective waves, which we see in the Wyckoff Pattern too.
Can we see $3.000? Yes, that’s possible. Based on the FA point currently I don’t see that happening and I don’t see any clear strong indications that we’ll be seeing the same happening as in 2014/2015 with a very strong bearish market. I do expect some sideways months for now before breaking out and on that hand I’m expecting a positive market at the end of the year too.
Then something about the ‘logtrend’ fugazi. After we’ve lost that one, the people switched over towards the linear support line out of nowhere. Please check the 2012, 2013 and 2014 pattern. In ALL of them we’ve lost the logtrend support line from the parabolic upwards and that’s normal. We have sideways patterns before we’ll be moving upwards and then we’ll be losing that logtrend.
For me we can compare these months with the pattern we’ve seen in 2013.
Then the Elliott Wave theory concerns. I’d like to think that we’re at W right now, after the double top and will be moving upwards.
Target for the upwards movements in the coming months: around $10.000 area. If we’ve found the bottom here, as we’ve been breaking the downtrend and making clear bullish divergences and reversal signs, we’re making lower bottoms, which is a good sign.
The pattern I’ve unfolded in the way I’m thinking we’ll be going. Don’t pin me on that, I’ll update every 2-3 days for you guys.
Green box = clear support.
Red box = clear resistance. If we break the red zone, then we’ll start new impulse waves, which will bring us to 75-100.000$ normally.
Short term: important that we’ll have to break the $7.550-7.600 downtrend resistance. Given the levels of the altcoins and the reversal signs EVERYWHERE, I’m expecting it to be doing.
Discussed this on the video already, but now we’re able to follow on TradingView as well.
Clear bubble pattern with the emotional phases since December. If you compare this with the bubble pattern, then you’ll be able to see the same steps every time. Why there’s no such spike or bounce at the level we’ve seen during Easter? As it’s in sideways accumulation phases right now, the temper on Twitter was pretty much depressed/anger. About 90% of the people has left of the exchanges and Twitter, which is also a clear sign that we’re swimming around the bottom level.
If we compare this with the Elliott Wave theory, then we’ve finished the ABC correction waves and are currently in the sideways corrective waves, which we see in the Wyckoff Pattern too.
Can we see $3.000? Yes, that’s possible. Based on the FA point currently I don’t see that happening and I don’t see any clear strong indications that we’ll be seeing the same happening as in 2014/2015 with a very strong bearish market. I do expect some sideways months for now before breaking out and on that hand I’m expecting a positive market at the end of the year too.
Then something about the ‘logtrend’ fugazi. After we’ve lost that one, the people switched over towards the linear support line out of nowhere. Please check the 2012, 2013 and 2014 pattern. In ALL of them we’ve lost the logtrend support line from the parabolic upwards and that’s normal. We have sideways patterns before we’ll be moving upwards and then we’ll be losing that logtrend.
For me we can compare these months with the pattern we’ve seen in 2013.
Then the Elliott Wave theory concerns. I’d like to think that we’re at W right now, after the double top and will be moving upwards.
Target for the upwards movements in the coming months: around $10.000 area. If we’ve found the bottom here, as we’ve been breaking the downtrend and making clear bullish divergences and reversal signs, we’re making lower bottoms, which is a good sign.
The pattern I’ve unfolded in the way I’m thinking we’ll be going. Don’t pin me on that, I’ll update every 2-3 days for you guys.
Green box = clear support.
Red box = clear resistance. If we break the red zone, then we’ll start new impulse waves, which will bring us to 75-100.000$ normally.
Short term: important that we’ll have to break the $7.550-7.600 downtrend resistance. Given the levels of the altcoins and the reversal signs EVERYWHERE, I’m expecting it to be doing.