here is the idea guys
i dont like to talk much
market acting crazy on overbought conditions
3rd wave has been done on EW structure and hit the 1.618 fib levels of the channel
correction is good now for the next healthy run .. otherwise its gonna be painful
in general the market is bullish but need to rest little bit so new fresh money can be pushed in...
I am super bored.
If you wanna go up please do it ASAP dear ethereum.
I am sick of waiting for whatever bull or bear move.
Break below 123 will turn me more bearish.
Target 178 - 187 usd.
Can it move above 200 usd and turn super bullish? Why not... But I dont think so.
The volume sucks and there are no new entries to the market. It is only me...
Here is my potential bearish count.
After the drop we will face a huggeeee boring period of consolidation... Don't give up guys! We will see another bull season (not yet :) )
Still thinking that 2600 will hold.
Sorry I was a little bit late to post this one, just took a power nap :)
Hello everyone again.
My bullish scenario still stands, however I started loosing hope about reaching 5k's. But still it is possible.
This is case 1: IF BITCOIN STAYS above 3750 (on bitfinex) our bull case is still valid.
Falling below 3750 will turn the Case 2 ON.
3750 is my bull STOP.
I will not be greedy and get out at 4500 if we turn bullish...
Bitcoin Halving :
New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the reward halves is called a "halving".
In 2012, the amount of new bitcoins issued every 10 minutes dropped from 50...
With the most recent price action off of lows, we have pushed above the 200 D EMA.
We now see resistance sitting with the 200 D volatility adjusted moving average at ~5600$
We may be able to push through to this level, but this looks like a good area for a healthy retracement b/n the 0.382 and 0.618 ranges.
Most likely we find support ~4600-4800$ back around the...
Welcome back to TJ's Trade Corner, today we will take a HTF chart of Bitcoin.
There are many similarities between the last bear market and this one. Yet, most people like to see on the bullishness, over-leveraged positions might get into some problems.
We have the 50 Week MA, the 50 Week EMA and the 100 Week EMA.
Right now, the 50 MA and EMA are the current...
I am happy to announce that bitcoin is super cheap for the 4-6 years long term investment.
I dont think i am a crazy. I am a computer engineer that develops trading bot called mikabot and interested in math and artifical intelligence.
I believe in math science. The universe has static math formula for the real life.
When I analyzed the mathematics...
This is only an approach to all time bitcoin elliott waves.
I am still not sure if 20k usd is the 3rd wave top or the 5th wave top.
What are your thoughts? Would really like to hear other opinions.
I thought like 3 halvings will finish the first major elliott impulse wave.
The bearish scenario and bearish similarities:
Most are long and expecting a move to $5k so it's always a good idea to cover the contrarian view and see if we can pick holes in either argument.
We retraced to around $3900 (not too far from the $3930 retracement target in my previous post) but it looks like we'll be retesting this uptrend support soon.
Bitcoin has to do it's consolidation whether it is entering the bull market or have one last chaotic drop.
A pull back to 4500 is inevitable.
Really nice risk to reward.
I see everyone has turned absolutely bullish on the social media and tradingview. I even checked if the ultimate bears of the 2018 has turned or not. I see there are only 2-3 oldies who has not...
Just an idea, but if you use the long form Fibonacci sequence of numbers as extensions of bitcoin's very first bull run in 2011, you get some interesting results. This provides key levels of support and resistance, which were projected way back in 2011.
It almost seems as if we are climbing the long form sequence, with important targets having been reached at...
Two Godmode oscillators set up on the same merged indicator pane,
One Short " Predictive " Setup (RED DOTS)
One Long " Conformation " Setup (Blue Crosses)
The slower godmode (Blue Crosses) now becomes a "confirmation" indicator. Less noise less prediction. The two together are powerful
The big photo is like this.
I develeoped a trading bot called Mikabot that capable compute the sensitive trend lines.
Look at the right top corner of the big triangle!
The important trend lines crosses in a one point . These point is the the right top corner of the big triangle. Is not weird and interesting ?
That indicates that whale' bot is...
BTC price has broken through the 200 W EMA.
We will have some twists and turns from here, but at this point I believe the bear market can be declared over.
200 SMA now sits around ~$3450 which we continue to monitor as a remaining 'final' support.
Enjoy the beginning of the ride.