Joseph_Yabwa
Short

I'M GIVING YOU A ROAD MAP, PAY ATTENTION! SHORT BTCUSD

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Following my last post where predicted bitcoin to go to 9k before we start the big drop , well well well! We've hit 9.4k and after that the market went down hard and now we are forming another bearish corrective structure. Could this be the catalyst for the bigger downward move that's coming soon? Probably, for now we can only trade what we see and not what people think.

If you look at my previous posts, all you will see is consistency in following price action and although a lot of people tend to disagree, you can't change the facts that analysis have been on point and all I ask from you is that you do your research on me, my track record, my posts and analysis before you come with your arguments.

Any opposing comments, views, arguments and feedbacks are welcomed.
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Rising wedges on Bitcoin tend to break to the upside..
+9 Reply
Joseph_Yabwa Rainbowarrior
@Rainbowarrior, Is that meant to be a joke? Where did you learn how to read structure?
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prefabsprout Joseph_Yabwa
@Joseph_Yabwa, he's right. bitcoin routinely confounds traditional structure expectations. it does the opposite.
+5 Reply
Joseph_Yabwa prefabsprout
@prefabsprout, So how do you explain my previous posts on bitcoin? Did you even look at them? Do that before you start talking something that doesnt make sense because its either you have no idea what technical analysis is or you just have a bad teacher
+2 Reply
STPAUL007 Joseph_Yabwa
@Joseph_Yabwa, so explain to us expert how did you draw upper trend line channel on your previous analysis with SINGLE POINT OF CONTACT.
+5 Reply
Joseph_Yabwa STPAUL007
@STPAUL007, First of all, i have never referred to it as a rising wedge.....that's your term. If you look at all my post, i always refer to them as corrective structures and if you understand wave analysis you will know that the simplest form of correction is a 3 wave pattern and the reason why i drew a trendline with a single point of contact is because i'm predicting the correction to be a 3 wave pattern and if you also like more education then the market can also make other corrections like the 5 wave correction, regular flat, expanding flat, running flat etc. So if you read all my analysis you will see that i always use corrective structure so maybe next time i will make it easier for you by naming the type of corrective structure on the chart so that you will not ask the kinda questions you are asking right now
+2 Reply
STPAUL007 Joseph_Yabwa
@Joseph_Yabwa, "that's your term" i have never used rising wedge in my sentence i think you speaking with some one else. No need to tell me about EW and ABC corrections. Your current analysis failed. Look at 21 EMA on 4h it didn't broke, why are you still pushing 7800 narrative ? i don't understand. This scenario most likely is cooking right now with 9400 retest.
+3 Reply
Joseph_Yabwa STPAUL007
@STPAUL007, If you know about EW and ABC corrections thenn why did you ask why i was drawing a trendline from single point of contact when I clearly stated in the description of my analysis that we are in a corrective structure phase?? & Yes my current analysis faile....wow big deal! It's part of the game. I also have analysis on H4 which you can see from my previous post and unfortunatey i don't have the same view as you
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STPAUL007 Joseph_Yabwa
@Joseph_Yabwa, Where i can see EW on your analysis ?

That's how EW looks like when it has been done by pro
+1 Reply
Joseph_Yabwa STPAUL007
@STPAUL007, Do you know that there's a difference between wave analysis and EW? makybe it's time you go and do some research
+1 Reply
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