Merry Christmas Traders!
We find SPY near the termination of a minor fifth subwave v of Intermediate wave (3), which in turn is part of a larger primary wave One. Primary Wave One should terminate near SPY ETF price 219 on/about 31 Dec 18, after a 28-day decline from 3 Dec wave origin.
Chart describes constituent components of Primary Wave One, including a...
I'm ashamed. Embarrassed. I don't want to tell people I dabbled in crypto.
The main reason is the weakness and lack of faith within the crypto community itself.
It hamstrings itself at every opportunity; shorts constantly, can't sustain bullish activity for more than 5 contiguous minutes.
What are you doing?? Collecting 1% and day trading.
Recent studies show...
quick a nice overview if the current situation of S&P500!
Bulls feel the pain? Yep.. it was painfull for those who are long. BUT - That was nothing! :-O
Check this chart and see where the real PAIN is waiting for us.. or the PROFIT?
AS we can see - there is still a lot of space downwards before we reach the real paniczone! ;-)
So calm down...
As we can see, BTC seems to be in a symmetrical triangle. According to the hidden bullish divergence we see, as well as the decreasing volume, I conclude that this symmetrical triangle is going to exit downwards instead of upwards.
For a more detailed and long-term analysis, feel free to check out my related idea (Wyckoff Accumulation Scenario -...
Do you see that red candles out of the Bollinger Bands? It happens when the price movement is not natural, panic selling, manipulation etc.
Anyway, we have to deal with it. The 50% line (mid line) of the gray support area should hold as support, or its will turn to be probably tribble. Although the ultimate bot in order to don't go down to $4000 should be the 3D...
Panic sell since yesterday, but it depends how you trace the support lines. For me it's still in the price correction triangle, but the lower line has been touched and I am moderately buying.
I suspect one more month of up and down, but for the mining costs and current hash rate BTC is strongly underpriced.
Panic sells are starting, good opportunity for buy, but...
Looks like we'll bounce off medium strength support. Then rapidly back down to the long term support area. At any point it breaks the down fib channel then you should by. Until then, don't do anything.
To me the pink prediction is the most realistic...
Next step around 13k ( less than a week)
Comeback to 10k after a pump to 14k (2 weeks to go (start now))
If he broke the 14k resistance the next target is 29 k (and he takes probably 3 months )
(sorry for my English)
When you are a sheep and you buy verge at 2k satoshis you just burned an half of your cryptos.
I've some ideas where this money is going...
I'm also sure that you want panic selling.
So wait a moment and look if it bounce on the line to accomplish another bull run.
I feel that with the days leading up to this btc hard and soft fork, there is going to be major corrections and people are going to be panicing and taking their money out of crypto...
The predictions that we put do not cater for this! This why i think we will see new trends set and theory and calculations can not measure...
After a sell off more than 30% in a week. To me, it is due to some panic sell off here. However, after a wave of sell-off, a chance of rebound will be increase. I would like to put a small bet (because of the volatility) here, expecting 5-10% rebound in 5 days.