Nathanael
Short

BTC till the weekend prediction

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
318 9 1
This is what I am betting on happening for the rest of the week.

I am watching wave 5 carefully as it might not go down as far as I want it too. If the fear starts to slow down tonight and tomorrow, then I expect some some truncation, and we might start to bend back upwards.
Nathanael
3 years ago
I think a big dumb whale just made a poor purchase, and came real close to screwing up my TA. I feel the poor SOB is going to have to sell off when they realize we are still in a down trend, eventually accelerating my chart back into place.

Chart below shows we are still ok as we sit snuggly right where wave ii should be - between the 0.618 and 0.786 retracement of wave i.

*IF* we happen to go over 966, that would mean a full retracement of wave ii - meaning this whole chart is wrong, and I should get a new hobby ;)

Good luck all
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ChsaDos Nathanael
3 years ago
Hey it triggered triggered my high ask short - so thanks whale for adding to my position!
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Tagada Nathanael
3 years ago
I don't think this is a mistake. I'm following the market on Huobi and someone's clearly trying to mess with us TA folks. Every trenline gets systematically broken just enough to make you want to jump into it, right before it snaps back... funny to watch, but insane to trade. I remember a famous whale/fund manager named Loaded mentioned on the bitcointalk forums that the Chinese were attempting to do these kind of tricks.
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Nathanael Tagada
3 years ago
damn, maybe we should stop posting haha
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Tagada Nathanael
3 years ago
lol maybe not but it sure is a hard time to be making charting predictions, with all those broken trendlines and fakeouts... the whales are evolving! With those precautions in mind, i still appreciate your charts nonetheless, so thanks for that!
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flibbr PRO Tagada
3 years ago
I totally agree with you Tagada, you the one person I here I find I agree with alot.
That sell wall on Huobi got pulled now aswell, being played so hard right now.
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Tagada flibbr
3 years ago
haha thanks, yeah we're clearly being played. Between the bots that are running since Christmas or so and this, we're talking seriously clever tactics at play. Seems they're attempting to trigger stops and send false signals, i've been burned a few times myself already. Better be careful!
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isskewl Tagada
3 years ago
Um, yup.
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Nathanael
3 years ago
Here is an update to this chart. We could be getting close to finishing a FLAT wave iv correction. But I also have a bullish chart in the works as well...
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