August Capitulation: Fractal taken from prior capitulation in March 2020, lines up with the Gann speed fan & prior all-time-high Capitulation > Cycle Top: The time between the two would be 12 months exactly which is necessary to qualify for long-term capital gains tax in the US Elliot Wave Theory: Remains validated Fibanocci Indicators: Circles, extensions &...
I've been both a BitBull and a BitBear recently. I've also been incorrect recently when subjecting my opinion in either direction. Thus, I am going with my most objective BitPig analysis today and providing what appears to be the most likely scenario. Although it is ultimately Bearish, I am not a Bear in this case. Just BitPig with a BitDream is all.
A short signal just printed on chart on D1 timeframe, with KEANU REEVES swing trading indicator.
I tend to believe this signal, why?
We closed daily below the yearly resistance 10.5k
Pretty big volume on the move, confirming a direction.
Dollar bouncing, all markets going down, i think we going for a correction.
Covid pump was not susteinable at all.
Nearing the top, reasons are as follows:
1, SuperStoch has been very accurate for the past few months and is currently saying we are up for at least a dip
2, Near .618 of the move down
3, Multiyear trendline acting as resistance
4, Near daily block
Could potentially see a pump into the golden box before rejecting and moving downside for B wave.