There is not much to lose if we take risk as a reward ratio.
The stop is between 228 and 229, the last peak.
Since new summits can be seen, our profit sales place is not clear, it is open end.
It will be determined by dynamic analysis.
If the increase continues, new peaks will be seen.
I public this Idea from a man which i met at train station. He definied himself as time traveler . He is very mysterious and speak using many analogies.
Watch this forecast carefully it will be probably best prediction.
At first this predition will be a "long" category but in time... "short" are noticeable...
Similar idea to my Dow US 30 post. Sand P is statistically a stronger model, from larger numbers.
NB: This model is imperfect as the XD spread should be 1.27, but we got a real nice 0.62 Fibo AB retrace of the XA leg up.
Note the perfect double top Fibo = 1 (was within a few pips, a 99.9% retrace).
Real life is like that, we take what the market gives us.
I posted a thread about this on twitter back when BTC was at $3800. The link is included below.
Basically we're seeing a lot of similarities here. There is still potential of a dip to 6.5k even based on this fractal. But i would assume that would get bought up quickly if it happened.
Otherwise this comparison puts BTC at $19k area in May of 2020. Which just...
Chart says all. Looks quite Bearish but no capitulation as of yet. C waves tend to be fierce and furious. See what it does when Gap fills from 9/04.
Bulls will likely return for another crack at ATH if they can hold the line near 26200. SPX should find support near 2900, at least in this first downdraft. Second support at 2860; breakdown through these levels will...
Somewhat speculative on my part but wanted to post it as I think it would be fun t see how closely price action matches my green squiggly line. Can we retest our ATH by december 15th? Maybe. It would be poetic symmetry if so.
I've noticed a lot of similarities between the 2014 parabola/bear market.
I've been monitoring this since before the recent dip below 8k and it's been following remarkably close.
Will continue to keep an eye on how this develops.
With the fibo, we can to draw of the beautiful thing.
According to fibo, and the past, we should bounce back in the current area, and the next ath is around 200kand the next dip is 35k the moment to long with a rebound to 140k... And with the current aera to 90k...
This is just my prediction, i'm not god. but i would love well
Risk is terrific for both longs and shorts at this juncture; I am sidelined, patiently and prudently waiting.
In a previous idea I hypothesized a double bottom possibly in October. It is possible the markets are grinding out a near-term bottom at this consolidation zone now.
Markets hold tenaciously to this consolidation zone beneath ATH. The September pullback...
New Week Monday
Today’s chart will be a bit different, we will have a look at the longer term projection of BTC, remember this is pure speculation, no certainty…
Points to consider,
- Parabolic rise that retraced and held support
- RSI held above 60 in the bull market
- Stochastics traded above 70 in the bull market
- EMA’s held price as...
Chart says all. Going to new ATH? Tar box 302-304. Could eke out a nominal new ATH before throwover.
SPX saw 3026 before; maybe it can give us 3046 this time up. At 3K we have gotta be close to the end of this run IMO.
Divergences popping up, sector rotation, RSI fading; today they rotated out of NQ into RUT, buying 'bargains.'
Hell idk maybe it will just go...
Today we would like to discuss such an important index as btc dominance. It gives information about what will grow faster in the near future - bitcoin itself or other alrcoins. This index is an indicator of the start of the altcoin season.
So what do we have?
Analyzing BTC dominance is nothing better (in our opinion) than the Elliot Wave Theory. The impulse wave...
Bitcoin is about to surprise many people. We are about to take off to retest the ATH at $20K before END of September! With Bakkt launching on Sept 23 we all know what this means to crypto.
I am expecting a huge P&D. You first create liquidity and they dump right after. Consider 18 months of OTC purchases for the past from institutional investors, they got to...