Comparing our current bear market with our previous bear market I think we may crash lower than most people are expecting. If you draw a fib circle and a trend line from the peak down to where we started to push up before our parabolic run up. You will notice in both 2014 and our current bear market the similarities are uncanny! If this plays out the same we are...
We pump in less than 2 days or we have a huge drop! We are in descending triangle inside of a rising wedge which is very bearish. We are also at the very top about to cross the next ring out from a previous ring in the same fib circle that caused us to drop 50%. Please refer to included chart and image to reference previous capitulation ring and Resistance level...
This is a zoomed in version of another chart.. We are only hours away from making contact with this blue ring which I think will cause a huge move for bitcoin. Please keep in mind this is a pretty large fib circle so there could be a delay, but i do think this blue ring is the start of some major moves.. I think with Bitfinex longs stacked the move will more than...
As we head into December, We can see that the major drops I had predicted since November 14th has occured.
Bitcoin is currently fighting to stay above the major Support line that developed back in march of this year 2019 when Bitcoin had the golden cross and rallied to 13k zone.
This support line is set to break as we are no where near the end of our...
A simple chart showing the 1hr chart of BTC combined with the 140 SMA .
As you can see everytime we close a candle above/below this line we have a pump/dump.
10 minutes ago we closed a candle below it, so I do expect the price drop to continue today as well.
Looking at the 1H it seems to be important to watch the RSI. When it starts coming down we can get back
into the wedge that leads us to 8850. This will cause a double bottom with the 28 januari wick. The fractal from a similar time when this happend is confluent with the downsloping
Can anyone explain what is going on here?
The BLX chart shows a drop of 100% to 0 on Bitcoin.
Certainly on any other chart/exchange bitcoin is a normal levels.
Has anyone any idea what this means?
This shows only on the 3D and Monthly timeframe,
all others are at normal price levels.
This needs clarification!!
after our run up to recent targets of 8900 USD we bounced off and have been consolidating since then.
This conso looks not bullish to me in my opinion, after we tried to break resistance on the second high and
managed to do so by a few bucks, yet bounced off immediately.
This kinda looks like the consolidation after the second high after the high of...
Chart Speak. UDJPY we may see a drop coming as the price may get to the supply zone and fall from there. There is also a possibility that we will see a retest of the daily trendline and then if rejected we will be looking to enter short from there. However I will be monitoring this pair. This is just a idea.
Just got in another trade, some reports coming out this afternoon on USD, and i believe we could see another momentum down on this pair! LEt's see, i'm keeping my SL really tight on 20pips.
what you think ?? give me your opinion! leave a coment
I believe we could see a big drop incoming for the dow, which could mean gold, bitcoin and so on could rise higher??
Let me know what you think!
As always, keep your risk managed!
Bitcoin is a burning thing
And it makes a fiery ring
Bound by wild desire
I fell in to a ring of fire.
I fell into a burnin' ring of fire
I went down, down, down
And the flames went higher
And it burns, burns, burns
The ring of fire, the ring of fire.
(by Johnny Cash)
I tell you the truth, even when you dont want to hear it or cannot see it. We are shortly before a major announcement here in the US.
Things are changing financially everyday and there will be winners and losers, so you should tread carefully, it could go either way short term, but long term, the practicality and usability of XRP is gaining adoption from...
After a pump from 7100 to 7900, price has been dropping, right now price is 7150, if 7100 is broken, which is most probably scenario, then 6k will be displayed for a few days.
As previously discussed, 200EMA is so far away, minning costs for most machines are around 3k, and otherwise, bear in mind about minners have been able to still minning with losses for an...