I Know, May Sound Crazy; 77% Chance BTCUSD WILL LEG UP AGAIN.
We SHOULD continue with upward pressure (no dump) till AT LEAST June 23, 2019 before we see the beginning stage of a dump. We COULD continue with upward pressure till the 2-Week candle beginning July 8, 2019. However, we will have to continue with updates until then to see if that will be the case.
THERE IS A 50% CHANCE WE GO UP "HARD" AS IN 2012 AND 2013.
THERE IS A 77% CHANCE WE LEG UP TO TEST MY FIB AT $9,948.98.
THERE IS A 33% CHANCE WE CONTINUE SIDEWAYS IN A TRADING RANGE BETWEEN $9,100 AND $7,600 BEFORE WE HAVE A PRICE CORRECTION.
ALL OF THIS MEANS LTCUSD IS LIKELY TO CONTINUE UP AS WELL. HOWEVER, THIS DOES NOT MEAN LTCBTC WILL CONTINUE GOING UP.
THERE IS A 50% CHANCE WE GO UP "HARD" AS IN 2012 AND 2013.
THERE IS A 77% CHANCE WE LEG UP TO TEST MY FIB AT $9,948.98.
THERE IS A 33% CHANCE WE CONTINUE SIDEWAYS IN A TRADING RANGE BETWEEN $9,100 AND $7,600 BEFORE WE HAVE A PRICE CORRECTION.
ALL OF THIS MEANS LTCUSD IS LIKELY TO CONTINUE UP AS WELL. HOWEVER, THIS DOES NOT MEAN LTCBTC WILL CONTINUE GOING UP.
Comment:
UPDATE:
I've drawn lines on every indicator in the chart below to show possible future trek of the indicator lines.
It appears upward pressure will likely continue at least until the 2-Day Candle beginning June 22nd or June 24th. Which means, if we reach my 1.0 Black Primary FIB @ $9,948.98 well before June 22nd or June 24th, we LIKELY continue up to AT LEAST my Green Secondary 0.236 FIB @ $11,399.70.
It's very possible we continue with upward pressure for a longer period of time. I simply wanted to point out the EARLIEST possible date range for reversal to downward pressure.
I've drawn lines on every indicator in the chart below to show possible future trek of the indicator lines.
It appears upward pressure will likely continue at least until the 2-Day Candle beginning June 22nd or June 24th. Which means, if we reach my 1.0 Black Primary FIB @ $9,948.98 well before June 22nd or June 24th, we LIKELY continue up to AT LEAST my Green Secondary 0.236 FIB @ $11,399.70.
It's very possible we continue with upward pressure for a longer period of time. I simply wanted to point out the EARLIEST possible date range for reversal to downward pressure.
Comment:
UPDATE with my custom chart BTCUSD BitFinex (Top); BTCUSD BitFinex Short Contracts (Middle); BTCUSD BitFinex Long Contracts (Bottom). If you have followed me a while, you have seen me post this chart several times in previous BTCUSD publications. I have not changed any text bubbles on the chart. They are still several weeks old.
Comment:
$100,000,000 new Tether minted - whale-alert.io/trans...c024a1e735a8f54301e9
They think they are the Federal Reserve; printing money out of thin air to buy real assets.
They think they are the Federal Reserve; printing money out of thin air to buy real assets.
Comment:
Andreas Antonopoulos on FaceBook's Libra Coin: "We are now officially in the "bargaining" stage of the 5 stages of grief for traditional financial services."
Continued, "In order to bargain, the financial industry made a deal with the devil and got a fake blockchain in return. I think it is extremely dangerous. It will accelerate the cashless society dystopia and mix surveillance capitalism with the erosion of due process and civil liberties. It's horrifying in its implications, yet billions will go for it. I can only fight to provide an alternative."
twitter.com/aantonop.../1140939860997562368
Continued, "In order to bargain, the financial industry made a deal with the devil and got a fake blockchain in return. I think it is extremely dangerous. It will accelerate the cashless society dystopia and mix surveillance capitalism with the erosion of due process and civil liberties. It's horrifying in its implications, yet billions will go for it. I can only fight to provide an alternative."
twitter.com/aantonop.../1140939860997562368
Comment:
Earliest POSSIBLE date of reaching exhaustion is still June 22nd. However, June 24th looks more likely when looking at the 2-Day TF. We will need to keep an eye on the Daily, 3-Day and 4-Day TF's until then.
Comment:
IF ANYONE seriously believes we will drop substantially below the 21-EMA in the weekly if and/or when we finally see a correction, you may seriously need to re-consider your "hopes" of a substantial drop below $6,500.
The chart below is a PRIME EXAMPLE to "Stick to basics; keep it simple; don't let it get complicated."
The chart below is a PRIME EXAMPLE to "Stick to basics; keep it simple; don't let it get complicated."
Comment:
Could go back to $9,948.98 again here:
Comment:
About to work on a video publication. Looks like we still have at least another day or two of upward pressure at a minimum. I'll explain in the video.
$9,948.98 is the next target. If we bust through the $9,948.98 price point, the next stop would be $11,399.70.