Disclaimer: I am not associated with Armstrong Economics in any shape or form.
On the week of January 27th, BTCUSD broke out in an attempt to achieve a new ATH but it failed miserably. On the week of February 10th, 2020, it stopped exactly at the previous lower high set the week of October 21st, 2019.
Now that the month of February has closed, Socrates confirmed that February was a REACTION HIGH... that's sad news for the Bulls.
Luckily for me, I stuck to my SHORT position from January and kept adding shorts as the price kept pushing higher.
Last week BTCUSD entered CRASH MODE. This week we got a WARNING PROBABLE WATERFALL CRASH.
As of now, we have 3 immediate probabilities: $7000, $5500 and $3670.
hello scott, ive been following armstrong's arrays adn reversals for the past couple months and mostly following the dow jones. After speaking with Irwin it seems there are several ways to play the reversals, some being selling against it, while others buy on a close above an elected level. I have been tracking the method where price penetrates a reversal level and closes above (assuming there is an aggregate high bar on the arrays for that time period) and actually found that method to be ineffective in producing sizable results. Anyway I was wondering if you had an email where I could reach you just to ask questions from time to time about how you interpret the arrays and reversals. Best of luck to you and your trading, take care!
alejandroscotti
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@btat, hi there, it seems that the weekly and monthly reversals you wanna trade against it at the 3rd or 4th reversal and daily reversals should be ignored altogether... you could trade on the trend of the reversal if you trade at the 1st reversal perhaps... send me a private message and I can share a few youtube videos I recorded.
habib400605
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Thanks for the detailed analysis. would you please send me a text so that we can discuss something very important?