This is just the worst case scenario, don't take it too seriously. BTW it is still a possibility considering that stocks were in a bubble pumped artificially by the FED. We'll check at least 2 years from now.
South Africa ETF, showing a triple top in the mid 70s on the all time high chart. The country is about to run out of clean water, a civil war is looming. Media refuses to cover it as well, so normies won't dump it till its too late. My largest position right now. Will sit in this until it dumps.
You have opportunity for short now.
The chart speaks for itself Thanks !
Just cycles. But yes, this time is different. But maybe not that much (?) So, 2400 USD? This will be THE LAST CHANCE. After that 37k, 47k, 65k, 82k and 93k. Just cycles. Just ideas.
So, it seems that the bullmarket continuation scenario is getting more and more unlikely by the day. This scenario would have brought us to 100K sometime this year. However, due to the continued weakness of bitcoin, a bearmarket seems much more likely :( But how can you trade a bearmarket? Well, it seems that one has to wait for the right buying opportunity, when...
I copied the fractal of the 2011 bubble and roughly scaled the speed to match our bubble. It would put a bottom in January 2020. I was thinking. Why would we bottom earlier than the 2014 bear market? Wouldn't it be more logic that the cycles take longer now? More money is involved. The 2011 bear market took half a year, The 2014 bear market took roughly a...
this is an possible path that eth/usd can take today, last big correction before the last big leg down in my opionion. the correlation between eth and btc is very clear, so like you can see the paths i draw are almost identical (link for btc is below)
Hey ho boys, Who's ready for a little pump to 5.3k? I sure am. Price action is looking very similar to the July Fractal and I think we will repeat that. This 5.3 level would hit right at the daily 50 ema which has been acting as a strong resistance over the last few months Everyone and their dog is talking about 3k Bitcoin. Following the masses never works...
#BTC For the first time in such a long time on a 1-week scale, the price has come close to the EMA200, the market has never been fixed lower, this can be a good support. At present, globally unchanged: the asset is too oversold and needs correction for this fall, waiting for a rebound. But then another wave of decline may follow.
Well.. well, unless one is Rip-van-Winkle, it shouldn't be news that everybody is stampeding out of cryptos. Thankfully I made no predictions on Bitcoin or any crypto going north. There were indications of a probably pump north a couple weeks ago (and for every probability in one direction I said there is a probability in the opposite). So now we're into dump...
Posted this chart a while back: with the two red boxes that indicated two bearish levels if BTC broke down. In the last chart/update I said it looked like BTC was finally consolidating and going to make a move, that move was down. I said in my last update that "I am weary of testing the $6,000 low too many times and breaking down. In the event bitcoin breaks...
Wow, what a drop that was the last days. INSANE. It took me also by surprise I have to admit, the sheer intensity of it, and that we actually exactly hit the longterm support line. Yesterday we had no bounce at all, and I was worried that we'll actually go below 4k, directly to 3k, which would have been very bad for BTC, it would have lead to a more intense...
Well everyone who is going long now, needs to learn how a bottom and reversal looks. A drop like this, without ANY kind of bounce, is indeed very very weak. What is more, the longs are still much higher than the short, meaning that too many people think this is the bottom, they want to long prematurely, and BTC wants to naturally destroy as many people as it can...
Chilean Stocks. Pure Technical Projection. Box Pattern, which in this case should break to the downside. This is a short 75%. Also, price is in the vertice of a symmetrical triangle, so the breakout may be fast and strong.
Hi, a quick update on the developments. It seems that BTC just doesn't want to dump. Also, the shorts also remain high, which leads me to believe that a short squeeze might occur, sudden and swift. If BTC doesn't start dumping soon, that is. The whole bearmarket scenario is invalidated for me, if BTC starts pumping this month, and lasts until...
Ask me for questions. But i have my money on shorting for the rest of the month. Its a classic pump and dump, some things never change.