I believe that December is finished for cryptos. I would not place any hopes on the possibility that a monster squeeze is coming unless some news breaks that is so positive for cryptos that a mass of new money comes flowing in.
Long-term trend: BEAR
Short-term-Trend: BEARISH
The shorts are strong and do not fear a small squeeze as the last 3 short squeezes have produced NOTHING but new lower prices. We are looking right into the dead zone. My trading plan is still in full swing, leaving me prepared for both the long-term as well as continuing to Dollar-Cost-Average at each new 4-hr low until I max my investment.
I warned you guys against Elliott Waves technical analysis. They are very interesting and I have only seen a few guys on tradingview that know Elliott Wave construction from both a mathematical perspective and a technical use case. I recommend sticking with the basic support and resistance, trend lines and a few indicators that work for you. Keeping it simple was the idea behind my very first chart.
Outlook. The short-term outlook appears we will trend sideways, which is not a bad thing. The shaded box was a price prediction I made long before we ever made it there. I feel if we break below it, the $70 dollar levels will go down fast and we will seek support near the $50 level. I TOLD YOU WE WOULD SEE $100 before we saw $500 and even stated that $500 may not be seen for a long time to come. Investors will be cautious the next run up to take profits off the table and limit greed for fear of being stuck in the HOPE that when the price falls it will only be temporary.
Leave a Like, comment, or a chart. You want to argue Elliott Wave Theory, please post a chart from someone who predicted the past 3 months using Elliott Wave Theory? Cryptos DO NOT TRADE THE WAY STOCKS TRADE making various indicators nothing more than amusing. They are very interesting and I do enjoy seeing people attempting to predict price and pattern. I have predicted price pattern using time and price and was nearly dead on in my prediction, but it was only based off the way ETH was trading the prior week. A very identifiable trend I had seen before allowed me the highest probability of making a prediction that came to fruition. Good luck Longs, and good luck shorts. I am in for the long long haul, so either way is okay for me. I still do not own any BTC, but that day is coming if my forecast turns out correct.
When I get 100 followers, I will cover Stocks, Options strategies(complex option positions), futures, and commodities. Until then, I only cover ETH and BTC.
Long-term trend: BEAR
Short-term-Trend: BEARISH
The shorts are strong and do not fear a small squeeze as the last 3 short squeezes have produced NOTHING but new lower prices. We are looking right into the dead zone. My trading plan is still in full swing, leaving me prepared for both the long-term as well as continuing to Dollar-Cost-Average at each new 4-hr low until I max my investment.
I warned you guys against Elliott Waves technical analysis. They are very interesting and I have only seen a few guys on tradingview that know Elliott Wave construction from both a mathematical perspective and a technical use case. I recommend sticking with the basic support and resistance, trend lines and a few indicators that work for you. Keeping it simple was the idea behind my very first chart.
Outlook. The short-term outlook appears we will trend sideways, which is not a bad thing. The shaded box was a price prediction I made long before we ever made it there. I feel if we break below it, the $70 dollar levels will go down fast and we will seek support near the $50 level. I TOLD YOU WE WOULD SEE $100 before we saw $500 and even stated that $500 may not be seen for a long time to come. Investors will be cautious the next run up to take profits off the table and limit greed for fear of being stuck in the HOPE that when the price falls it will only be temporary.
Leave a Like, comment, or a chart. You want to argue Elliott Wave Theory, please post a chart from someone who predicted the past 3 months using Elliott Wave Theory? Cryptos DO NOT TRADE THE WAY STOCKS TRADE making various indicators nothing more than amusing. They are very interesting and I do enjoy seeing people attempting to predict price and pattern. I have predicted price pattern using time and price and was nearly dead on in my prediction, but it was only based off the way ETH was trading the prior week. A very identifiable trend I had seen before allowed me the highest probability of making a prediction that came to fruition. Good luck Longs, and good luck shorts. I am in for the long long haul, so either way is okay for me. I still do not own any BTC, but that day is coming if my forecast turns out correct.
When I get 100 followers, I will cover Stocks, Options strategies(complex option positions), futures, and commodities. Until then, I only cover ETH and BTC.