Is this the correction everybody is looking for? The best pattern I can put together to make their wishes come true is an Ending Diagonal Triangle. Inside the triangle there is supposed to be a 5 wave count that I won't attempt to draw. Suffice it to say it should touch the top line of the triangle one more time before heading lower. Then perhaps an A B C pattern out the bottom of the triangle maybe with wave B touching the underside of the triangle before continuing to point C. If this does play out then I would have to guess that point C would touch on or near the multi-year trend line on the chart (baby blue line) There is much support building around this area. By this time all of the oversold indicators will have calmed down and the Perma-Bears will be calling for $1,200 to $3,000 again. (lol) But instead we get a 12G rocket shot off the blue line and continue our journey to the moon.
If any or all of this plays out as I have described I will try not to break my arm patting myself on the back. Otherwise I will just keep my mouth shut. :0)
I'm still long and will remain so even if I do try to scalp a few bucks at the top of the triangle. Win or lose, 80% of my long position is staying in cold storage and will not be available for trading.
Good luck everybody. Next week, and the new month, should prove to be very interesting.
For more information on the Ending Diagonal Triangle pattern see: thepatternsite.com/EWDiagTriangle.html
If you think this idea has any chance at all to play out as described remember to hit the thumbs up button.
Thanks!
If any or all of this plays out as I have described I will try not to break my arm patting myself on the back. Otherwise I will just keep my mouth shut. :0)
I'm still long and will remain so even if I do try to scalp a few bucks at the top of the triangle. Win or lose, 80% of my long position is staying in cold storage and will not be available for trading.
Good luck everybody. Next week, and the new month, should prove to be very interesting.
For more information on the Ending Diagonal Triangle pattern see: thepatternsite.com/EWDiagTriangle.html
If you think this idea has any chance at all to play out as described remember to hit the thumbs up button.
Thanks!
Order cancelled:
Screw this! I'm probably not going to get off ANY of my BTC regardless of a pull back.
My game is long term survival of the shit storm that is coming. Making a few thousand more fiat dollars now doesn't mean anything to me knowing they may soon be worthless anyway.
Think Venezuela, Zimbabwe, Wiemar Germany....
keripeardon.files.wo...mali_wheelbarrow.jpg
My game is long term survival of the shit storm that is coming. Making a few thousand more fiat dollars now doesn't mean anything to me knowing they may soon be worthless anyway.
Think Venezuela, Zimbabwe, Wiemar Germany....
keripeardon.files.wo...mali_wheelbarrow.jpg
Comment:
Comment:
If you keep up with the news and combine it with this video, I think you will realize the potential in front of you. Chilling to think about when you consider the potential demand vs. the actual supply.
www.youtube.com/watch?v=ccQEDZzH...