So BTC broke through the downtrend resistance and it seems that we'll be pumping for a while. Weekly and 3d is oversold, so this pump had to happen at some point. I am just surprised that there hasn't been a shakeout dump before that, only a slow grind down. Quite boring for BTC actually. And that despite that quite high longs. Well, that was an interesting...
This is a quick one: Since this bounce is quite weak and longs are going up brutally fast, I think that we won't make it through the resistance the first try. I will open new shorts at the resistance area IF: 1. 4h stoch overbought for a long time 2. Longs have risen Then the final shakeout at 4800-5200 area, then a pretty impressive rally to 8-9k levels. This...
3000-3300 seems like the real bottom. Bounces on the way of course, but this support looks weak as all hell. Bulls have been rekt, raped, and pillaged.
So, as I posted in my last update two updates to my previous idea, a further dump was more likely as compared to a short squeeze: The reason is that too many people are still long, the sentiment is still too bullish, and whales will brutally exploit that with a long squeeze, leading to dumps. But where are we now in the grand mega cycle? Well, the bearmarket is...
obviously not going to happen straight away but you do feel its coming. only thing that may reversal this and take us to $7k first (beofre seeing sub 6s) is the tiny hidden divergence on the rsi, however with the lack of volume it is a sinking ship right now and we basically need to go lower before we can high, i feel if its going to happen then it will be like...
While people are bottom selling Monero, I am buying. We just entered the buy zone and the last time that happened we pumped hard. Get some bids filled in this area and wait. It is highly unlikely we break below this channel.
BTC will fail to bounce off of the 6k support, its would be far too predictable of a move. It will dabble in the 5.8k range, may have a slight bounce to 6.3k, and back to to low 5k. There may not be a quick capitulation V-bottom reversal but rather an unexpected pump.
Hi, just a quick update of where I think we are right now in the grand scheme of things. I see a lot of 2014 fractal similarity charts, but imho most are wrong. They are much too fast, and predict the bottom of 3k already in a few months. That would be insane, since the halving in June 2020 is still 2 years away. I only see a new rally possible shortly before...
We will be seeing some new relative lows, probably below 6K, this may send retail investors into a state of panic, many people will open up shorts. When this happens whales will seize the opportunity and pump the market. The bounce may very well be a dead cat and not exactly an initiation of the next bull market. Alts may break support and fall lower , offering...
as much as id like to think this bitcoin dump is over i still think we have further to fall. we are basically at wave 4 and i expect a small climb now as we have found support in the $6700 region. after breaking the short term trend line we now have resistance around the $7100 (orange dotted line on diagram) and for the market to feel confident in buying the...
Hi guys! This is great morning (i am living in Indonesia btw so this is 8 am) for a big move! Great if you always set your stop loss before you sleep hahaha. Luckily my btc and another alt only loss about 1% since i put the stop nearly bottom line of the channel. As i told last week, we have semi support on 55-MA weekly timeframe. This support located at 7305 USD...
The idea is simple – we will test 7k very soon and from there, we will pump upwards in a small, slender channel up until we collide with the blue line. The blue line represents downwards trend, that's started in march. At this point, we will go down to test 6k (80% chance) or go up to test 10k (20% chance). If you are looking for the date, when you will have to...
$7400 seems the last call to short before we go down down! everyone has been calling a lot of bullish posts getting the fomo going but it was never going to happen, each wave looked weak and didnt have the makings of a strong run in it. which brings us to where we are today, another serial dump followed by what has to be more blood. the 2 waves shown are the...
Bitcoin daily is telling us that there is more downside to come. Bitdog's poop needs to land on the box otherwise he's going to visit goblin town.
Disclaimer: Hail mary attempt and just my personal opinion... EOS mainnet hype is most likely already priced in. I think at or around the snapshot we could potentially get a large sell off. I'll be aiming all the way down to the golden pocket of the fibs pulled from bottom it hit to its ATH. I think it will have great support at the red line. If all is successful...
Ethereum is stuck within a channel that it simply wont be able to break. I don't believe it will be seeing the 300s soon, however when its prices capitulates down to the mid to low 400s, that may be a great entry point for a swing trade. It may also want to follow the waves I charted and go sideways for sometime. Looking at the Head and shoulders reversal, we...
Looking at this correction pattern for next point of reversal. Expect to see some bounces along the way as RSI on 4hr/6hr/12hr is oversold and daily is approaching oversold.