Hello traders and enthusiasts !
I am "The Real Johny Button", legendary trader from wall street and Gold mans Sacks here to express my opinion today ! Lets dive into the scenarios lining up for the entire market & btc:
Well we have broken some resistance on this chart, and across other coins. Some other coins made a 3 pump some days ago, but all across the board it is dropping...lead by the total market cap in general.
So are we lining up our next elephant here ? or are we going to have some trickery played on us ?...well i am only playing if we have a elephant, no gambling for me.
Our scenarios shown on the visual are as follows:
1. Bulls / whales come in and play games in the overall crypto market...i stay out
2. We drop to a correction level from this last pump over the past month. This makes a potential large Head & Shoulders on the chart...thats a first buy level to me maybe if that time comes
3. We fall to the lower consolidation level produced in 2018 from all this fun we have had...i go in hard there
This will sum up my study on the entire market at this point. I invest in major alts, and they will all be moving the same during this play i would think.
Thats my opinion at this point, anything can happen. If those 2 buying scenarios present themselves than Gosh ! I am shooting an elephant !
note:
Everything moves in 3's. I apply this thought to my charts and MACD reading. I call Elliot wave 12345, 3 waves up because thats just how i see it. 3 is my magical number and has proven to be a nice way to be on a good path for me.
So there you have it, like it or hate it...have a eject price in mind always!
Regards,
Johny Button
I am "The Real Johny Button", legendary trader from wall street and Gold mans Sacks here to express my opinion today ! Lets dive into the scenarios lining up for the entire market & btc:
Well we have broken some resistance on this chart, and across other coins. Some other coins made a 3 pump some days ago, but all across the board it is dropping...lead by the total market cap in general.
So are we lining up our next elephant here ? or are we going to have some trickery played on us ?...well i am only playing if we have a elephant, no gambling for me.
Our scenarios shown on the visual are as follows:
1. Bulls / whales come in and play games in the overall crypto market...i stay out
2. We drop to a correction level from this last pump over the past month. This makes a potential large Head & Shoulders on the chart...thats a first buy level to me maybe if that time comes
3. We fall to the lower consolidation level produced in 2018 from all this fun we have had...i go in hard there
This will sum up my study on the entire market at this point. I invest in major alts, and they will all be moving the same during this play i would think.
Thats my opinion at this point, anything can happen. If those 2 buying scenarios present themselves than Gosh ! I am shooting an elephant !
note:
Everything moves in 3's. I apply this thought to my charts and MACD reading. I call Elliot wave 12345, 3 waves up because thats just how i see it. 3 is my magical number and has proven to be a nice way to be on a good path for me.
So there you have it, like it or hate it...have a eject price in mind always!
Regards,
Johny Button
Comment:
We have some overall market move, hitting 439b in the entire market cap.
I will be waiting for a clear break out over 440b before considering entering any bet.
I still would want a 3rd tak on the lower consolidation line, but as i speak eth has made a jump so this money could start to trickle through all coins...lets keep watching to see what happens here.
I still like to think we have not done our 3rd pump up on the big charts across all majors.
I will be waiting for a clear break out over 440b before considering entering any bet.
I still would want a 3rd tak on the lower consolidation line, but as i speak eth has made a jump so this money could start to trickle through all coins...lets keep watching to see what happens here.
I still like to think we have not done our 3rd pump up on the big charts across all majors.
Trade active:
There you have it !
Market cap has broken out over 440b...and on its chart is doing its 3rd wave / pump up.
This has broken BTC out of its consolidation, and if (even though it probably will) it breaks its last high to its left here, it will be off to complete this Elliott wave move which started 1 month ago.
Market cap has broken out over 440b...and on its chart is doing its 3rd wave / pump up.
This has broken BTC out of its consolidation, and if (even though it probably will) it breaks its last high to its left here, it will be off to complete this Elliott wave move which started 1 month ago.
we have bounce up which is good. This forms a new consolidation pattern, and if this bounces on the top resistance (and doesn't just punch through), than tags the lower support again, and goes up...it will likely go mooning everyone
Otherwise we have our other 2 options if it breaks down.
I will wait, patience is key. Assessing later as time is on my side and i dont take chances, instead i have a coffee, a shag, a Valium...what ever is needed to wait and assess this over time.