Close-up view on the upcoming crossing, be prepared this could dump hard.
The suckers rally is about to end, the road towards capitulation is set.
impending deathcross on xrp. while also in a 1 day bear pennant that has a target of 20 cents...i anticipate this deathcross will be a fakeout and we may see a inverted bart here instead of a bear pennant....however there's also a chance it could break down and the 50ma could briefly cross under the 200ma but if so in that case it would just be capitulation and...
Forming a similar triangle in the past, we went to capitulate. If a major green candle pops up, I'm bullish moving forward. Otherwise, I'm buying real real low with the cash I have left :)
Longs are currently outweighing shorts at 60/40 whilst price action continues to get rejected at key support areas. The descending triangle formed on BTCUSD could mean we see 8400 sooner than anticipated. I believe if we see 8000s again a lot of people will capitulate and then the real bull run will commence. Remember, the market makers want you to sell lower and...
When price makes contact with that brighter yellow ring we will be dropping to make new lows around 2k - 2.5k. I am expecting this will take place sometime between late July and early Sep 2019.
The white line marked with a white arrow is the center line in a schiff pitchfork connecting the 2014 and 2019 bear market. This line played a role as support before our drop from 6k to 3k, and it is currently playing a role as very strong resistance. We have hit this line twice now and price has failed to break through. Within that same pitchfork just one line...
Hello Traders, Having a look at Ripple XRP you can see its formed a decending triangle formation which looks very similar to Bitcoins. I have just posted another idea which explains why I think Bitcoin is approaching resistance and is due for a 30% correction. When this happens I think Ripple XRP will be taken down with it in EPIC capitulation style. The only...
I believe manipulation is in full effect currently as these exchanges are trying to cover their butts to liquidate leveraged shorts that have been stacking. As a result this will extend the length of our current bear market, cause a much faster and harder drop and possibly take us to lows lower than previously expected by even the most bearish of bears. Sleep tight! :)
This is probably not popular opinion but not long now before bitcoin’s descent back to $4.2k before final capitulation. This is evident using a fib circle connecting the swing low for 2015 to the 2017 ATH and a Schiff Pitchfork connecting the 2013 swing high to the 2015 swing low up to the 2017 ATH, to give us the bigger picture. Then for a comparative view of the...
Last bullrun went from 300 dollars to 20.000 dollars in almost 2 years. Only reason that it pumped that high is due our dear sugar daddy BITFINEX. They printed shitload of tether and kept buying BTC's. In combination of the crazy ICO run that people invested millions in worthless and useless tokens that are almost all down 95%. When the pumping ended and the dumb...
See history of BTC using BLX charts. Whenever it gets near the 55-57 RSI on weekly it dumps hardcore in bearmarket. You can clearly see it is being consistent after 5 year. Notice it always dumped first when it got near the RSI 55-57 before it tried to rally and end the bearmarket. dont long this RSI. if your hand is itching to buy just wait for retrace then...
Ok here's what I think is going to happen. As you can see I drew a fibonacci from the start of this pump on 8th of February. BTC loves 618 fib retracements so in my opinion we gonna tank to 4150 right now (this will lower down RSI to a more healthy range), then it's gonna bounce back to 4650 or go slightly above it This will be the breaking point when everyone...
I gave up on my 1900 target. The reason for it is very simple, the majority of people are expecting it. Heck some of them are even betting on 1300. So here's my new target, the bottom will be somewhere between 2700 and 2300. I will explain it all in details now. In the last three months our most consistent price was around 3675 $. Now you may be wondering why...
When the shorts for BTC get ultra low then that means that the opposite of what the majority think will happen. Instead of going up (low shorts, high longs) it dumps (which we can see in history). What will happen? No one knows but the shorts have been this low for a while now and we are hitting support at the 4100 level... Seems like the bears are back in town tbqh
Are you ready for the Final Act before a potential June hype cycle run? Will you be visiting the valley of the capitulated or will you be apart of the valley of the capitulated? These are important questions. Experimental charting on BTC to explain the Final Act. The Flying V of Death is a very unique mechanism that has taken a long time to condition within...