I do not have much time to write the details but we are forming great bottom formation but people seem to get stuck with shorter time frames. Even some people comparing oil or stock market to Btc . Big mistake!Last june we have reached $14000 figure now almost 50% down from the top before the halving. This is consistent and very similar to previous Btc halving's. I do not know about you but I am focused on larger time framers, winning strategy. buying and selling everyday will not help you during this times. Good luck!
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There is one more scenario that I did not draw on the chart which is breaking blue dashed line and weekly candle closes sub $7400-7500 range. This is very bad news! then we can drop as low as $5000-6000 range(solid blue line below as a last resort). If BTc whales pulls this move, we could either bounce off from that levels really fast or get in a extended period of bear market.Extremely risky and not desirable for bears and the bulls .Only few entities and exchanges will make money. not us! So think about it carefully when you thinking about going short from this level and also remember what happened between 2018-2019!!! You are only helping whales to print money.....
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well the last scenario played . they robbed people in daylight. Because they can!!!
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well some ill fated investors destroyed this market buying it back in 500's btcs on binace. They use this scare tactics to make giant profits. i mean giant. when regular traders afraid to buy, they fully control the market however they like. Many investors got trapped in higher levels but this should be temporarily .
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Alright market seem's like getting back alive slowly but surely. This does not mean that we are out of woods yet. We need clear close 7600-7700 usd on a weekly chart.But before this figure we may see some strong scary fluctuations .I strongly suggest to stay away from leveraged positions at this point. If we can manage to break 7700, we are back into our triangle. So far we have strong V bottom shape is forming! If we can complete and execute this shape successfully we may end up finding ourselves around 9k-10k range about in 2-4 weeks time. Do not forget this chart is weekly and best way to focus on long term strategy.
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After few months of torture we are finally back to where we suppose to be. I did buy bitcoin at 7020 range and hold it during the last pandemic storm but I was not even worried about it. Some people took advantage of this added a more in their positions. If you are one this lucky people congratulations to you! You have done well! The master plan working flawless. Nobody could have guess the biggest drop and many have sold their holdings at the bottom. I published this chart before the corona pandemic hit and few criticized me that i did not predict the drop. As A matter of fact I have guessed the big drop as the 4th. choice. After a large surge like this we have 3 major options at this moment. 1)we could push crazy(very unhealthy) as far as we can to 11k-14k range correct big from there(8k-11k) 2)we could either climb up 10k range and do some medium term correction there and float (8500-10000 range) , 3)or correct small here and go mostly sideways up and down movement within 8k-9k range. This is long term chart! and it is working exactly as planned before.
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may 5th 2020 : Thing are still going well as planned. We took the option number to exactly to a point 10000-8500 correction path with a help of a previous triangle(pre-corona). As long as dashed line does not break we are in for rocky spike. We could possibly test 12000-14000 range in a 1-4 weeks period. Thing could go very very interesting from this point. But bitcoin should slow down for few days and allow alts to reach their new heights. -------------This Leg for rally should favor for Alt coins. XRP and ether could be ready for massive spike towards upwards region. ------------------------------------- Dashed line must be respected on weekly time frame for this idea to work ... otherwise we will wonder between 6k-10k range.
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Am I good or what?! It is exactly following the green line so far however it could convert into orange line at this point as well. Both outcomes alt will move a lot faster than Btc. In 2 weeks we will exactly know which path we going to take. Xrp and Ether also two alt coins to watch.For this plan to work we can not go below $8800 level otherwise we may go back into deeper correction. but most logical option is to check 12k then bounce back to 11k levels. I will update this in 2 weeks.
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Watch XRp carefully. It looks like dynamite ready to go off!
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well everything goes as planned.I could not have predicted this any better,. Btc converted into orange line allowing alts to grow.This is purely tactical move. Until the Alts coins reaches the peak points in next 4-8 weeks period , Btc will be under-performing and preparing for its next move. There is a reason for this as always. once alt coin's reaches it's peaks Btc will roar all of sudden out of blue. This rise will come from profit taking from alt coins.
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XRP has already started another legendary move.Currently sitting at 0.20usd levels. The most important level to Watch for 0.23 usd range. once this level is broken sky is the the only limit( THIS MEANS XRP BROKE OFF 3 Decline) This would create huge giant roar... I am so excited...
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we have been trying 12k range for past few days. weekly rsi is simply too high.. we are due for local correction possibly to 11k even 10k will be on the table. price and volume action seem like triggered by etherium so far but etherium also due for corrections. mcad daily chart also crossed . all the warning sighs out there. I will close my trade temporally and look for better entry point. If we continue to push the price higher into 14k levels , this may end up being another mega dump case. risk is just too high at this point!!!
Trade closed: target reached
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This was great prediction!
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Btc's next move is more important than ever. We may be nearing end of bear market but still not very clear at this point! Not saying we going to have major bull market right away. We may have to wait for few months.
For someone who is bashing my posts - Please make sure your posts are up to scratch before you step foot in my yard.
SpaceCatZ
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@monetae_anon, My post is 100% accurate. this shows your quality, did you read my comments .. I do not think so... Laughing so hard. you made a fool of yourself. Your last 10 post was inaccurate and buyest based on your decisions of the market . I do not post charts so I can be popular or neither I care. I bet against the masses..
monetae_anon
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@SpaceCatZ, You're chart broke the trend? how is it 100 accurate? are you OK?
SpaceCatZ
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@monetae_anon, my last entry to this trade at when Btc was $7020 and no it did not break. I don't focus on daily fluctuations that is why I post. This was one of the expected outcome and I am ok with that. If weekly candle were to close below solid blue like than it would have but did not close below. We are perfectly within large triangle with a perfect opportunity of going up with a bang. I added more Btc into my position at $4400 and I am already way ahead. I will take profit around 9-10k and continue to move forwards. Again I don't focus on 15 minute frames
monetae_anon
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@SpaceCatZ, So you're a long-term investor? Not a trader? Do you know the name of this platform? Do I have to spell it out to you?
SpaceCatZ
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@monetae_anon, I also do aggressive trading when I do collect big profits from longer term investments.It is gambling like instinct, sometimes works and sometimes does not. I don't claim to expert at daily trading and nobody can. You can not predict every move everyday like what you are trying to do , if you claim to do so you will fail over and over. I perfectly guess very tops and bottoms everytime where people are focused on short time frames like yourself. we have been going up and yet your head is still buried under the yellow sand somewhere in the world.
monetae_anon
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@SpaceCatZ, I trade for a living. You don't know my capital size, nor my ROI.
SpaceCatZ
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@monetae_anon, Again for the very same reason I don't disturb the market by trying to buy and sell everyday. If you run big capital you should know this better!
monetae_anon
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@SpaceCatZ, Who says I'm allocating all my capital to one market? Again stop guessing! You really aren't getting any wiser talking to me, nor reading my TA! Maybe you should re-assess things, I will give you a clue where to begin. My profile. Have a good day, you're boring me, I'm out!
SpaceCatZ
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@monetae_anon, again I don't care who you are or what you invest your capital in to. But you certainly act like you know everything about Btc and constantly wrong. I am a humble person. I do not need to prove myself! But hopefully one day you will understand your conceptional mistakes. Thinking that you know everything is worse than being completely new to crpyto world.