I have been a trader for 13 years and I have traded through the financial crisis . I have been around the block , I have gained and earned lots of experience while constantly learning from the best traders in the world. I am a full time trader , help/teach people how to trade properly and profitably . I also run a discord group full of very...
Sell in May and go away.
Be wary of the chance for a repeat 2013: retest critical resistance and fail in early May here. Move to cash between 11.5K & 13.1K (yes your alts too), wait for breakout on volume and double-check RSI for divergence. Buy like a madman @ 3K and below. Good luck.
EDIT: oops my text on the left panel...
Using FIB circles and pitchforks I give a time frame when I think our next drop in bitcoin will happen. I still believe we will drop 65%, this video just gives us a rough estimate when we can expect this drop in the price of BTC.
I am on YouTube as: OPTICALARTdotCOM
For a walk through of this chart, search on YouTube for: Date bitcoin will drop 65%
I was long thinking on why this recent rally has happened and searching for clues in the past of similar events.
Then I discovered something very interesting.
Every time BTC broke the previous linear trend in the logarithmic chart, it retested it, not long afterward.
It happened after the 2011 bearmarket, it happened in the 2014/15 bearmarket, and even if it...
Now that BTC went bullish, a lot of alts will also see some strong upside potential.
IOTA looks kind of interesting, because it made a giant bullflag since the bearmarket started.
Also, it is now resting shortly below the daily MA200 and the logarithmic downtrend resistance.
It now depends on BTC. If BTC continues to rise to 6500, IOTA will break through the...
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The aim of this Monthly chart is to mainly track the timing of the end of the Bear Market expected around May-June 2019 and the start of a new multiyear uptrend through the next Megabull. Preferably, Bitcoin remains within the old bull channel as the blue projection fractal shows....
There are two falling logarithmic resistances at play now, which could be important in the coming weeks for determining the reversal point.
The one which is obtained by connecting the ATH top with the point where the last decline started at 6500.
The other one being a not so steep one, connecting the previous smaller tops after ATH with 6500.
I tend to think...
As you can see low-unemployment is early signal markets start to reverse, especially if there are divergences present between unemployment and it's RSI value. When low unemployment starts to break up this means that the market is saturated with jobs and many flourishing businesses, there has been a phase of economic euphoria and the climate becomes highly...
It is important to understand the following. BTC hates you. Yes, it hates you, every single one of you. And it tries to destroy you, wherever it can. When you're long, it dumps. When you're short, it pumps.
Why does it do this? Because whales play us. They can play this low volume market easily, and play the market contrary to what the mass of people do.
I show both bullish and bearish scenarios. This is based on the 2014 bear market.. Look me up on YouTube: opticalartdotcom for a walk through of both the bullish and bearish sides.
In the bearish case i see 2 massive drops in which one has already happened and there is one more huge capitulation coming.
In the bullish scenario our next bottom will be 3.6k
Well, BTC is dragging it out as long as possible, a scenario that I feared a few months ago already, meaning that BTC would bore us to death.
However, it cannot continue doing this for much longer.
There is a very large triangle forming, very similar in structure to the one from the last bullmarket and subsequent bearmarket.
Back then it broke to the...
Is the bear market over ? And what has to happen for BITCOIN to step into the bull market ?
Why is the 100 MA Weekly line the most important historical line for BITCOIN?
Because once bitcoin broke above it in 2015 it acted as support through out the whole bull market.
Once the big dip happened and it broke below you can see it acted as resitance multiple times...
Not that DTL's are 100% reliable, but given the current state of the market, and weakness in other indices, such as IWM, SPX looks exposed going into the holiday weekend. Mon/Tue action will be telling.
Ladies And Gentlemen
The oracle D4rkEnergY will guide you. Don't worry. Before you jump into US Stocks cause you've been told we will make new highs, take a step back and breathe.
I called the bear market last time. But I was wrong, when I thought we would stay in bear market territory. It was based on historical data, which show us that only 20 % of the times...
TIP : when prices show an overbought signal with a lower high, the following wave generally reaches out to an oversold momentum and therefore most likely breaks trough the previous low.
The only way out of this pattern is to reach out to the previous high or ranging the local price area till momentum shows a squeeze pattern.
Hope this idea will inspire some of...
Ok guys, here is a real shocker for most people that really loooooove those lines. I mean, I get it. Lines are nice. They give you some sense of
security, some sense of predictability.
They also look nice, and as if that wasn't enough, they are also super easy to draw XD
Unfortunately, they don't mean a lot for BTC.
And all the people saying 4k will be the...
Strong rising wedge for the S&P. Could this take a healthy fall back down...RSI implies it is overbought
Also we had a parabolic move up from the lows of December/Jan...with no real healthy moves down for a recovery period on the way back up
Hypothesis: price reaches near ATH to fail at resistant levels. If it price proves to move back down, I think it could...
dear readers lets take a look at the BTCUSD chart and compare it to 2015
we had a high with a failure to break higher again. we broke down and formed a V bottom (the lowest point) followed by relief rally and some consolidation. it is important to note that we never found a lower low again, and ultimately formed the first higher high which indicates that the...