begin rant. A lot of people have been posting really crappy charts lately, calls for BTC 20k, REALLY crappy Inverse Head and Shoulders patterns saying BTC is going to move and charts with no substance for a move to the upside other than fairy dust and pixies. I like looking at these charts to know what the NOOBS are thinking and how bad their charts are. If you are one of those people saying BTC is going to 20k in 1 month, please tell me why. Cause it ain't happening that quickly, if at all.
It's pretty self explanatory right now. MACD us moving DOWN, RSI is moving DOWN. It's confirmed this head and shoulders on the small time frames and once we get a DAILY close below this neckline, it will FULLY confirm it and we are going down to 7k. Shut out the intraday noise and look at the big picture and see where it's going.
Look, I am not shilling a service or a subscription. You know why? Because I ACTUALLY MAKE MONEY TRADING. You think these people shilling services make a lot of money doing it? Or are they just pre-occupied posting nonsense to get you to subscribe and sign up for their service? There are some that do and I can tell you who makes money and who is in the business of getting subscribers. It's easy to spot.
I am VERY good at looking at over arching trends on the daily chart, calling swing trades. I think this is the best way to trade it right now as volatility has decreased drastically. If you are looking for a reason why BTC is going down. DON'T!! TONS of people have REALLY cheap BTC and will TAKE PROFIT.
You want to make money? Follow my charts and you will. Do your OWN research. DON'T get emotional and hang on HOPING and praying it goes up. Don't stress, DON't (FOR THE LOVE OF ALL THINGS SACRED) use leverage.
end rant. -Sherem
My calls speak for themselves:
When I started calling that BTC would go DOWN -
Started calling the ETH top BEFORE ANYONE -
CALLING THE ETH BOTTOM -
CALLING THE BTC BOTTOM -
CALLING THE DOUBLE TOP -
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If you zoom in you can see we are just chilling forming this bear flag type pattern, hitting the support turned resistance. Matter of time before we resume down again.
Possible that we can touch this 9k mark again before moving down, but not something I would trade at all right now as I doubt it would happen
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Yeah, we are just going down...
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Not too much going on right now, we are just consolidating in this 8400-8500 area. Very little buying pressure or any type of upward movement.
You are one of the very few who rightly predicted the market direction. When BTC was 9400, 90% of the posts were directing us to 11.5 K and beyond. Look what happened, we are down by 1000 points and alts are down by 50%. Thanks again for saving us getting into FOMO and loosing a big money. I am a big follower of you. I already saved good money not from the previous rally, but because of not entering into trade during the past 10 days. Anyone can tell that its going to be head, if not tail. Of course, we all know that!. But you are the one who suggested the direction well ahead of time with a firm view. Please keep update us for a right time to enter the market. I know that Consensus is nearby, but that does not guarantee a price jump immediately. May be it takes a week or two, or after a big dip so that whales fuel it all again. Please keep update us. We relay on your views. You rock! Swing trading rocks!
UnknownUnicorn1065329
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What do you think of this long line of SPOT ON calls in just ONE chart?
(And don't forget to click on play TWICE to be BLOWN AWAY ( •_º)) It's more then 2 months now and she started a new trip on my latest chart.
GLENNVB91
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@Bleek, are you really gonna spam each trading idea ??? man i've seen your chart already 100 times today .. :s
UnknownUnicorn1065329
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@GLENNVB91, So it's working! I can go to sleep then. Good night
GLENNVB91
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its kinda annoying man goodnight :D
UnknownUnicorn1065329
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@GLENNVB91, I think I'm the one that's Blown away the most, thats all.
ArisNersissian
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@Bleek, i think that chart is amazing, I dont mind seeing it from now till forever =)
@Bleek, you say you copied and pasted your wave from a previous wave, and it worked the second time almost exactly? Wouldn't this indicate someone is using algorithmic trading to manipulate the price of BTC? The algorithms would be using price percentages to step the price down and then up again by the same percentages AND in the same period of time. I don't believe you can have 2 identical fingerprints in nature, and that's what we have here. To me it indicates price manipulation by a 3rd party by reusing the same algorithm with the same parameters. By controlling the price in this stair step fashion, the price movement looks random (market driven). But of course they know when the direction changes so they can get in or out ahead of time and make the price go wherever and whenever they want it to (within reason). You may want to look for similar patterns elsewhere.
UnknownUnicorn1065329
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@BDG, Thank you for your well formulated question, a rarity here. I'm no pro, don't write algorithms and know about AI what I can find on youtube so I don't think I'm the best person to ask.
First, it's not, by long, two time the same fingerprint. We're not even half way of that green wave.
What I do is mostly is wave analysis. I see patterns everywhere. Don't know if the market is manipulated by groups of whales and you would need that to make it go up and down everywhere at the same time. What I do see is that fib seems to be really importend. I think it's used so broadly that it makes the markets a bit predictable. This may also look manipulated. What is also see is, what I would call something like, a hologram principle. Look at the structure of a big wave at say a 4h TF, now zoom in to 15min and you'll see the same patterns over and over again. They're never exactly the same but come close. Is that manipulation or just fib by people calculating with it when to step in or out of a market? Now that being sad it would be possible, in my opinion, to calculated when most people would go long and then go opposite of it but it wouldn't take long before you would see that in a pattern.